Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q3 26 | -$0.46 | -$0.4 | +13.0% | — | — | — |
| Q2 26 | -$0.35 | -$0.63 | -80.0% | — | — | — |
| Q1 26 | -$0.3 | -$0.39 | -30.0% | — | — | — |
| Q4 25 | -$0.37 | -$0.37 | 0.0% | — | — | — |
| Q3 25 | -$0.39 | -$0.32 | +17.9% | — | — | — |
| Q2 25 | -$0.29 | -$0.32 | -10.3% | — | — | — |
| Q1 25 | -$0.2 | -$0.43 | -115.0% | — | — | — |
| Q4 24 | -$0.6 | -$0.97 | -61.7% | — | — | — |
| Q3 24 | -$0.67 | -$0.44 | +34.3% | — | — | — |
| Q2 24 | -$0.84 | -$0.1 | +88.1% | — | — | — |
| Q1 24 | -$1.37 | -$2.33 | -70.1% | — | — | — |
| Q4 23 | -$1.09 | -$1.63 | -49.5% | — | — | — |
| Q3 23 | -$1.14 | -$1.07 | +6.1% | — | — | — |
| Q2 23 | -$0.33 | -$1.19 | -260.6% | — | — | — |
| Q1 23 | -$1.05 | -$0.38 | +63.8% | — | $0 | — |
| Q3 22 | -$1.01 | -$0.93 | +7.9% | — | $0 | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | -$1.4 | — | — | $0 | — |
| FY24 | — | -$2.02 | — | — | $0 | — |
| FY23 | — | -$6.23 | — | — | $0 | — |
| FY22 | — | -$3.1 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 273.4K | 111.6K | 776.3K | 3.1M | 8.5M | 16.5M | 38.8M | 20M | 25.2M |
| Selling, general & administrative | 409.1K | 602.3K | 829.4K | 3.6M | 6.1M | 9M | 6.2M | 6.7M | 4.5M |
| Operating expenses | 682.4K | 713.9K | 870.5K | 5.5M | 14.5M | 25.5M | 45M | 26.7M | 29.7M |
| Operating income | -682.4K | -713.9K | -870.5K | -5.5M | -14.5M | -25.5M | -45M | -26.7M | -29.7M |
| Operating margin | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | -79.5K | -26.5K | — | — | -11.8M | 3.6M | 142K |
| Pretax income | -682.3K | -713.9K | -991K | -5.5M | -14.5M | -25.3M | -56.2M | -24.6M | -28.9M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Net income | -682.3K | -713.9K | -991K | -5.5M | -14.5M | -25.3M | -56.2M | -24.6M | -28.9M |
| Net margin | — | — | — | — | — | — | — | — | — |
| EBITDA | -682.4K | -713.9K | -791K | -5.5M | -14.5M | -25.5M | -33.2M | -30.3M | -29.8M |
| EPS | -0.16 | -0.16 | -0.17 | -0.87 | -1.9 | -3.1 | -6.23 | -2.02 | -1.4 |
| Diluted EPS | -0.16 | -0.16 | -0.17 | -0.87 | -1.9 | -3.1 | -6.23 | -2.31 | -1.4 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 13.8M | 8.9M | 6.5M | 5.8M | 2.7M | 5M | 5M | 5.2M | 6.3M | 8.8M | 16.7M | 12M |
| Selling, general & administrative | 1M | 1.5M | 1.3M | 2M | 1.7M | 1.7M | 1.3M | 1.1M | 1.1M | 955.2K | 1.3M | 2.4M |
| Operating expenses | 14.9M | 10.4M | 7.8M | 7.8M | 4.4M | 6.7M | 6.3M | 6.3M | 7.4M | 9.7M | 18M | 14.4M |
| Operating income | -14.9M | -10.4M | -7.8M | -7.8M | -4.4M | -6.7M | -6.3M | -6.3M | -7.4M | -9.7M | -18M | -14.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | 6.7M | 4.1M | -7.9M | 727K | 558K | -140K | 20K | -296K | 268K | 986K |
| Pretax income | -14.7M | -22.2M | -1.1M | -5M | -12.6M | -5.9M | -5.5M | -6.2M | -7.3M | -9.8M | -17.6M | -14.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -14.7M | -22.2M | -1.1M | -5M | -12.6M | -5.9M | -5.5M | -6.2M | -7.3M | -9.8M | -17.6M | -14.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -14.9M | -10.4M | -14.5M | -11.8M | 3.5M | -7.5M | -6.8M | -6.1M | -7.5M | -9.4M | -18.3M | -15.4M |
| EPS | -1.63 | — | -0.1 | -0.44 | -0.97 | -0.43 | -0.32 | -0.32 | -0.37 | — | -0.63 | -0.4 |
| Diluted EPS | -1.63 | — | -0.1 | -0.44 | -0.97 | -0.43 | -0.32 | -0.32 | -0.37 | — | -0.63 | -0.4 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 47.6M | — | 109.6M | — | — | — | 58.9M |
| Enterprise value | — | — | — | 39.5M | — | 81.2M | — | — | — | 37.1M |
| Shares outstanding | 4.4M | 4.4M | 5.9M | 6.3M | 7.6M | 8.2M | 9M | 12.2M | 20.6M | 20.6M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -0.99 |
| P/B | — | — | — | 6.31 | — | 3.87 | — | — | — | -12.2 |
| EV/EBITDA | — | — | — | -7.24 | — | -3.18 | — | — | — | -1.24 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -101.4% |
| FCF yield | — | — | — | -8.35% | — | -15.8% | — | — | — | -40.4% |
| PEG | — | — | — | — | — | — | — | — | — | -0.04 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | 0% |
| ROE | 9.8% | 9.4% | 11.6% | -72.4% | -32.6% | -89.4% | 725.1% | -264.2% | -171.2% | -703.7% |
| ROA | -190.6% | -1.4K% | -88.7% | -67.3% | -31.5% | -70.3% | -550.6% | -176.6% | -136.9% | -142.4% |
| Return on tangible assets | -190.6% | -1.4K% | -88.7% | -67.3% | -31.5% | -70.3% | -550.6% | -176.6% | -136.9% | -224.7% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.73 | 0.09 | 0.37 | 14 | 30.5 | 4.68 | 2.39 | 3.59 | 5.8 | 3.47 |
| Quick ratio | 0.73 | 0.09 | 0.37 | 14 | 30.5 | 4.68 | 2.39 | 3.59 | 5.8 | 3.47 |
| Debt / equity | — | — | -0.06 | — | — | — | — | — | — | 0 |
| Debt / assets | — | — | 0.45 | — | — | — | — | — | — | — |
| Net debt / EBITDA | — | — | -0.63 | — | — | — | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.16 | -0.16 | -0.17 | -0.87 | -1.9 | -3.1 | -6.23 | -2.02 | -1.4 | -1.4 |
| EPS (diluted) | -0.16 | -0.16 | -0.17 | -0.87 | -1.9 | -3.1 | -6.23 | -2.31 | -1.4 | -1.75 |
| Book value per share | -1.59 | -1.73 | -1.45 | 1.2 | 5.83 | 3.47 | -0.86 | 0.76 | 0.82 | -0.1 |
| FCF per share | -0.12 | -0.13 | -0.08 | -0.63 | -1.2 | -2.12 | -4.43 | -1.8 | -1.25 | -1.16 |
| Cash per share | 0.08 | 0.01 | 0 | 1.28 | 5.99 | 3.48 | 0.64 | 0.87 | 0.95 | 0.44 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$1.9 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.87 | — | — | $0 | — |
| FY19 | — | -$0.17 | — | — | $0 | — |
| FY18 | — | -$0.16 | — | — | $0 | — |
| FY17 | — | -$0.16 | — | — | $0 | — |
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 347.5K | 35.3K | 1.9K | 8.1M | 45.7M | 28.4M | 5.8M | 10.6M | 19.5M |
| Receivables | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 358K | 51K | 747.5K | 8.1M | 46M | 36M | 10.2M | 13.9M | 21.1M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 358K | 51K | 1.1M | 8.1M | 46M | 36M | 10.2M | 13.9M | 21.1M |
| Accounts payable | 71.1K | 68.4K | 1.2M | 341.9K | 688.1K | 4M | 1.3M | 2.3M | 2.6M |
| Short-term debt | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 490.2K | 567.9K | 2M | 578.4K | 1.5M | 7.7M | 4.3M | 3.9M | 3.6M |
| Long-term debt | — | — | 499.8K | — | — | — | — | — | — |
| Total liabilities | 7.3M | 7.6M | 9.7M | 578.4K | 1.5M | 7.7M | 18M | 4.6M | 4.2M |
| Shareholders' equity | -7M | -7.6M | -8.6M | 7.5M | 44.5M | 28.3M | -7.8M | 9.3M | 16.9M |
| Total debt | — | — | 499.8K | — | — | — | — | — | — |
| Net debt | — | — | 497.9K | — | — | — | — | — | — |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 6.4M | 5.8M | 3.1M | 4M | 12.6M | 10.6M | 22.2M | 17.1M | 15.3M | 19.5M | 14.2M | 18.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 10.2M | 10.2M | 7.8M | 5M | 14.4M | 13.9M | 26.7M | 21.5M | 17.2M | 21.1M | 16.2M | 22M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 10.2M | 10.2M | 7.8M | 5M | 14.4M | 13.9M | 26.7M | 21.5M | 17.2M | 21.1M | 16.2M | 22M |
| Accounts payable | 1.9M | 1.3M | 4.1M | 3.4M | 4.1M | 2.3M | 1.4M | 974.3K | 2.1M | 2.6M | 5.3M | 3.3M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 3.6M | 4.3M | 4.9M | 4.1M | 5.4M | 3.9M | 2.5M | 2.8M | 3.7M | 3.6M | 12.8M | 6.4M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 3.6M | 18M | 11.2M | 6.8M | 7.3M | 4.6M | 2.7M | 3.1M | 4M | 4.2M | 13.1M | 26.3M |
| Shareholders' equity | 6.7M | -7.8M | -3.4M | -1.8M | 7.1M | 9.3M | 24.1M | 18.3M | 13.2M | 16.9M | 3.1M | -4.3M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -682.3K | -713.9K | -991K | -5.5M | -14.5M | -25.3M | -56.2M | -24.6M | -28.9M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 48.5K | 82.7K | 8.5K | 1.9M | 4.7M | 9.2M | 4.6M | 3.8M | 1.8M |
| Change in working capital | 61.8K | -2.7K | 234K | 39.4K | 346.2K | 3.3M | -2.7M | 1M | 284.5K |
| Operating cash flow | -572K | -633.8K | -743.6K | -3.6M | -9.4M | -12.9M | -54.2M | -17.9M | -25.6M |
| Capital expenditure | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 332.5K | 246.4K | 443.1K | 12M | 46.6M | 0 | 16.9M | 18.7M | 34.6M |
| Net change in cash | -239.5K | -387.4K | -300.5K | 8.5M | 37.2M | -12.9M | -37.4M | 729.5K | 9M |
| Free cash flow | -537.5K | -558.6K | -476.5K | -4M | -9.1M | -17.3M | -40M | -21.9M | -25.6M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -14.7M | -22.2M | -1.1M | -5M | -12.6M | -5.9M | -5.5M | -6.2M | -7.3M | -9.8M | -17.6M | -14.8M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 632.2K | 882.4K | 364.8K | 1.6M | 393.1K | 1.5M | 499.9K | 496.6K | 444.6K | 356.5K | 182.8K | 1.6M |
| Change in working capital | 753.5K | -633.6K | 2.8M | -712.2K | 704.8K | -1.8M | -935.8K | -395.9K | 1.1M | 478.5K | 2.7M | -1.9M |
| Operating cash flow | -13.3M | -22M | 2.1M | -4.1M | -11M | -6.2M | -6M | -5.1M | -3.5M | -8.9M | -9M | -21.9M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 8.3M | 3.9M | 4.2M | 4.4M | 6.2M | 19.8M | 0 | 1.6M | 13.2M | 3.7M | 26.4M |
| Net change in cash | -13.3M | -13.6M | 6M | 99.9K | -6.7M | 8K | 13.8M | -5.1M | -1.8M | 4.2M | -5.3M | 4.5M |
| Free cash flow | -9.4M | -9.4M | -7M | -3.4M | -3.2M | -8.3M | -8.1M | -5.1M | -3.5M | -8.9M | -9M | -21.9M |