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 % |
|---|---|---|---|---|---|---|
| Q2 26 | -$0.19 | -$0.1 | +47.4% | — | $0 | — |
| Q1 26 | -$0.15 | -$0.2 | -33.3% | — | $0 | — |
| Q4 25 | -$0.18 | -$0.18 | 0.0% | — | $0 | — |
| Q3 25 | -$0.18 | -$0.16 | +11.1% | — | $0 | — |
| Q2 25 | -$0.16 | -$0.18 | -12.5% | — | $0 | — |
| Q1 25 | -$0.14 | -$0.16 | -14.3% | — | $0 | — |
| Q4 24 | -$0.18 | -$0.12 | +33.3% | — | $0 | — |
| Q3 24 | -$0.16 | -$0.13 | +18.8% | — | $0 | — |
| Q2 24 | -$0.13 | -$0.14 | -7.7% | — | $0 | — |
| Q1 24 | -$0.13 | -$0.09 | +30.8% | — | $0 | — |
| Q4 23 | -$0.17 | -$0.14 | +17.6% | — | $0 | — |
| Q3 23 | -$0.12 | -$0.11 | +8.3% | — | $0 | — |
| Q2 23 | -$0.11 | -$0.09 | +18.2% | — | $0 | — |
| Q1 23 | -$0.1 | -$0.09 | +10.0% | — | $0 | — |
| Q4 22 | -$0.1 | -$0.07 | +30.0% | — | $0 | — |
| Q3 22 | -$0.08 | -$0.14 | -75.0% | — | $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 | — | -$0.7 | — | — | $0 | — |
| FY24 | — | -$0.48 | — | — | $0 | — |
| FY23 | — | -$0.46 | — | — | $0 | — |
| FY22 | — | -$0.68 | — | — | $0 | — |
| FY21 | — | -$0.07 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 5.9M | 8.4M | 13.3M | 51.9M | 105.6M | 129.8M | 194.7M |
| Selling, general & administrative | 1.6M | 1.2M | 2.5M | 26.7M | 23.1M | 26.5M | 30.7M |
| Operating expenses | 7.7M | 9.6M | 15.8M | 78.5M | 128.7M | 156.4M | 225.4M |
| Operating income | -7.5M | -9.6M | -15.8M | -78.5M | -128.7M | -156.4M | -225.4M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | -145.3K | -34K | -2.5M | -96.2M | -1.5M | 19.5M | 12.3M |
| Pretax income | -7.7M | -9.6M | -18.3M | -173.1M | -126.1M | -137.7M | -223.2M |
| Income tax | 0 | 0 | 0 | 933K | 1.6M | 507K | 1M |
| Net income | -7.7M | -9.6M | -18.3M | -174M | -127.7M | -138.2M | -224.3M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -7.4M | -9.5M | -15.8M | -76.7M | -125.1M | -153M | -228.4M |
| EPS | -0.03 | -0.04 | -0.07 | -0.68 | -0.46 | -0.48 | -0.7 |
| Diluted EPS | -0.03 | -0.04 | -0.07 | -0.68 | -0.46 | -0.48 | -0.7 |
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 | 28.6M | 33.6M | 27.5M | 36.3M | 32.4M | 33.7M | 44.7M | 45.7M | 44.9M | 59.4M | 59.1M | 28.9M |
| Selling, general & administrative | 5M | 5.3M | 6.5M | 5.4M | 8.4M | 6.2M | 7.9M | 8.2M | 7M | 7.6M | 7.2M | 8.3M |
| Operating expenses | 33.7M | 38.9M | 33.9M | 41.7M | 40.8M | 39.9M | 52.6M | 53.9M | 51.9M | 67M | 66.3M | 37.2M |
| Operating income | -33.7M | -38.9M | -33.9M | -41.7M | -40.8M | -39.9M | -52.6M | -53.9M | -51.9M | -67M | -66.3M | -37.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 2.4M | -745.5K | 8.4M | 5.1M | 5.9M | 62K | 5.5M | -8M | 8.9M | 5.8M | 2.2M | 5.4M |
| Pretax income | -30.1M | -39.3M | -24.7M | -36M | -35.4M | -41.6M | -49.3M | -64.3M | -45.6M | -64M | -68.7M | -37.1M |
| Income tax | 1.1M | -6.4K | 623K | 395K | 427K | -938K | -558K | 435K | 1.2M | -95K | 95K | -2.9M |
| Net income | -31.2M | -39.3M | -25.3M | -36.4M | -35.8M | -40.7M | -48.8M | -64.7M | -46.9M | -63.9M | -68.8M | -34.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -32M | -36.2M | -32.9M | -39.4M | -42.1M | -38.7M | -54.3M | -55.8M | -53.2M | -65.2M | -69.4M | -38.3M |
| EPS | -0.11 | — | -0.09 | -0.13 | -0.12 | — | -0.16 | -0.21 | -0.14 | — | -0.2 | -0.1 |
| Diluted EPS | -0.11 | — | -0.09 | -0.13 | -0.12 | — | -0.16 | -0.21 | -0.14 | — | -0.2 | -0.1 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 1.8B | 2B | 1.6B | — | 697M |
| Enterprise value | — | — | — | 1.6B | 1.9B | 1.4B | — | 670.4M |
| Shares outstanding | 264.3M | 264.3M | 264.3M | 254.1M | 275.8M | 288.5M | 321.3M | 321.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -2.87 |
| P/B | — | — | — | 6.38 | 12.2 | 12.7 | — | 32.9 |
| EV/EBITDA | — | — | — | -20.9 | -15.1 | -9.14 | — | -3.04 |
| Earnings yield | — | — | — | — | — | — | — | -34.8% |
| FCF yield | — | — | — | -3.28% | -4.69% | -8.99% | — | -21.9% |
| PEG | — | — | — | — | — | — | — | 0.05 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | — | 949.4% | -170.6% | -60.7% | -77.3% | -111.5% | -181.2% | -1.2K% |
| ROA | — | -13.2K% | -84.6% | -55.6% | -52% | -43.4% | -51.6% | -38.7% |
| ROIC | — | 946.1% | 429.4% | -133.1% | -393.4% | 329.6% | 279.9% | 353.2% |
| Return on tangible assets | — | -36.9K% | -90.5% | -55.6% | -52% | -43.4% | -51.6% | -48.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 0.05 | 2.05 | 12.5 | 4.66 | 5.27 | 3.29 | 3.48 |
| Quick ratio | — | 0.05 | 2.05 | 12.5 | 4.66 | 5.27 | 3.29 | 3.48 |
| Debt / equity | — | — | — | — | 0.16 | 1.07 | 1.45 | 13.5 |
| Debt / assets | — | — | — | — | 0.11 | 0.41 | 0.41 | 0.67 |
| Net debt / EBITDA | — | — | — | — | 1.06 | 1.12 | 0.89 | 0.38 |
| Interest coverage | — | — | — | — | -499.4 | -36.6 | -21 | -13 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.03 | -0.04 | -0.07 | -0.68 | -0.46 | -0.48 | -0.7 | -0.7 |
| EPS (diluted) | -0.03 | -0.04 | -0.07 | -0.68 | -0.46 | -0.48 | -0.7 | -0.62 |
| Book value per share | — | -0 | 0.04 | 1.13 | 0.6 | 0.43 | 0.39 | 0.07 |
| FCF per share | -0.03 | -0.03 | -0.06 | -0.24 | -0.34 | -0.49 | -0.55 | -0.6 |
| Cash per share | — | 0 | 0.05 | 0.9 | 0.57 | 1.05 | 1.2 | 1.13 |
| Capex per share | — | 0 | 0 | 0 | 0 | — | 0.04 | 0.04 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | 0% | 0% | -0.28% | -0.14% | — | -7.83% | -7.83% |
| Payout ratio | — | 0% | 0% | -0.79% | 0% | 0% | — | 0% |
| Dividend yield | — | — | — | 0.08% | 0% | 0% | — | — |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Jul 14, 2022 | $1.20 |
| Jul 15, 2021 | $0.50 |
| Jul 9, 2020 | $0.20 |
| Jul 11, 2019 | $1.10 |
| Jul 14, 2016 | $1.05 |
| Jul 6, 2015 | $1.00 |
| Jul 7, 2014 | $0.95 |
| Jul 8, 2013 | $0.90 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.04 | — | — | $0 | — |
| FY19 | — | -$0.03 | — | — | $0 | — |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 724.5M | 0 | 14.4M | 227.9M | 158.1M | 303.4M | 384.1M |
| Receivables | 1.4B | — | — | — | — | — | — |
| Inventory | 4.3B | — | — | — | — | — | — |
| Total current assets | 7.3B | 49.5K | 20.9M | 312.2M | 242.2M | 312.8M | 410.9M |
| Property, plant & equipment | 7.1B | — | — | 668K | 1.1M | 1.7M | 15.6M |
| Goodwill & intangibles | 4.2B | 46.9K | 1.4M | 0 | — | — | — |
| Total assets | 17B | 73K | 21.6M | 312.9M | 245.3M | 318.2M | 434.9M |
| Accounts payable | 2.4B | 847K | 877.6K | 2.1M | 4.6M | 1.1M | 3.8M |
| Short-term debt | 1.1B | — | — | — | — | — | 3.4M |
| Total current liabilities | 3.9B | 1M | 10.2M | 24.9M | 52M | 59.3M | 124.8M |
| Long-term debt | 2.8B | — | — | — | 25.8M | 132M | 176.4M |
| Total liabilities | 6.7B | 1.1M | 10.9M | 26M | 80.3M | 194.3M | 311.1M |
| Shareholders' equity | 5.9B | -1M | 10.7M | 286.9M | 165.1M | 123.9M | 123.8M |
| Total debt | 3.9B | — | — | — | 25.8M | 132M | 179.8M |
| Net debt | 3.4B | — | — | — | -21.1M | 75.6M | 76.6M |
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 | 174.5M | 158.1M | 138.3M | 121M | 279.8M | 303.4M | 287.6M | 242.7M | 410.1M | 384.1M | 432.6M | 394.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 259.6M | 242.2M | 224.3M | 210.4M | 285.5M | 312.8M | 297.6M | 250.1M | 424.7M | 410.9M | 456.7M | 421.2M |
| Property, plant & equipment | 1M | 1.1M | 1.5M | 2.3M | 1.8M | 1.7M | 1.9M | 5.7M | 8.9M | 15.6M | 12M | 13.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | 12M | 14.9M |
| Total assets | 261.6M | 245.3M | 228.3M | 214.6M | 289.5M | 318.2M | 304.2M | 261M | 439.7M | 434.9M | 484.3M | 457.7M |
| Accounts payable | 1.8M | 4.6M | 1.6M | 2.8M | 3.9M | 1.1M | 663K | 2.2M | 2.3M | 3.8M | 5M | 1.9M |
| Short-term debt | — | — | — | — | — | — | 129K | 543K | 794K | 3.4M | 3.4M | 5.7M |
| Total current liabilities | 46.2M | 52M | 45.2M | 54.3M | 54.8M | 59.3M | 82.7M | 90.2M | 81.5M | 124.8M | 120.3M | 121.2M |
| Long-term debt | 11.3M | 25.8M | 40M | 52.6M | 68.3M | 132M | 142.2M | 154M | 167.3M | 176.4M | 295.8M | 303.1M |
| Total liabilities | 59.5M | 80.3M | 87.4M | 109.5M | 125.9M | 194.3M | 228M | 247.6M | 255.6M | 311.1M | 428.2M | 434.9M |
| Shareholders' equity | 202M | 165.1M | 140.9M | 105.1M | 163.7M | 123.9M | 76.1M | 13.4M | 184.1M | 123.8M | 56.1M | 22.8M |
| Total debt | 11.3M | 25.8M | 40M | 52.6M | 68.3M | 132M | 142.3M | 154.6M | 168.1M | 179.8M | 299.2M | 308.9M |
| Net debt | 1.2M | -21.1M | 16.5M | 24.8M | 43.7M | 75.6M | 82.8M | 113M | 102.2M | 76.6M | 178.3M | 256.7M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -7.7M | -9.6M | -18.3M | -174M | -127.7M | -138.2M | -224.3M |
| Depreciation & amortization | 10.7K | 9.1K | 108K | 25K | 184K | 252K | 930K |
| Stock-based compensation | — | 0 | 150K | 3.3M | 3.3M | 3.7M | 4.3M |
| Change in working capital | 114.6K | 526K | -6.5M | 3.5M | 3M | -9.7M | -11.7M |
| Operating cash flow | -7.5M | -9.1M | -24.3M | -167.2M | -122.4M | -144.3M | -160.4M |
| Capital expenditure | — | 0 | 0 | -476K | -168K | — | -12.6M |
| Investing cash flow | — | 0 | -4.6M | -258.5M | 66.8M | -51M | -44.6M |
| Dividends paid | — | 0 | 0 | -1.4M | 0 | 0 | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 7.5M | 9M | 29.3M | 352.7M | 24.9M | 203M | 263.1M |
| Net change in cash | -27.6K | -62.8K | 356.1K | -72.9M | -30.7M | 7.7M | 58.1M |
| Free cash flow | -7.5M | -9M | -14.9M | -59.9M | -94.7M | -141.2M | -175.2M |
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 | -31.2M | -39.3M | -25.3M | -36.4M | -35.8M | -40.7M | -48.8M | -64.7M | -46.9M | -63.9M | -68.8M | -34.2M |
| Depreciation & amortization | 40K | 42.3K | 51K | 58K | 67K | 76K | 82K | 107K | 353K | 388K | 394K | 517K |
| Stock-based compensation | 1.5M | -28.3K | 1.1M | 600K | 1M | 929K | 1M | 2.1M | 86K | 1.1M | 1.1M | 1.1M |
| Change in working capital | -1.8M | 10.1M | -6.7M | -1.4M | 3.2M | -4.8M | -1.5M | -109K | -3.7M | -6.4M | 811K | -12.3M |
| Operating cash flow | -31.5M | -29.1M | -30.8M | -37.1M | -31.2M | -44.3M | -49.1M | -55.6M | -54M | -25.9M | -68.1M | -47.2M |
| Capital expenditure | -2.7K | 56 | — | — | — | — | — | -1.3M | — | — | -526K | -2.1M |
| Investing cash flow | -12M | 47M | -2M | 22M | -159M | 7M | 19M | 26.7M | -143M | 64M | -31.5M | -30.1M |
| Dividends paid | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 11M | 14.2M | 14.7M | 14.2M | 14.5M | 65.2M | 9.3M | 11.2M | 3.5M | 12.8M | 117.1M | 9.1M |
| Net change in cash | -32.5M | 32.1M | -18M | -881K | -175.7M | 27.9M | -20.8M | -17.7M | -193.4M | 50.8M | 17.4M | -68.3M |
| Free cash flow | -22.4M | -24.5M | -35.9M | -31.4M | -34M | -39.9M | -25.3M | -56.9M | -60.7M | -32.2M | -68.6M | -49.4M |