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 | -$0.39 | -$0.32 | +17.9% | — | $0 | — |
| Q1 26 | -$0.43 | $0.6 | +239.5% | — | $0 | — |
| Q4 25 | -$0.34 | -$0.6 | -76.5% | — | $0 | — |
| Q3 25 | -$0.27 | $0.24 | +188.9% | — | — | — |
| Q2 25 | -$0.31 | -$1.76 | -467.7% | — | $0 | — |
| Q1 25 | -$0.32 | $5.08 | +1687.5% | — | — | — |
| Q4 24 | -$0.18 | -$36.1 | -19950.0% | — | $0 | — |
| Q3 24 | -$1.3 | -$1.48 | -13.8% | — | — | — |
| Q4 23 | -$1.06 | -$0.9 | +15.1% | — | $0 | — |
| Q3 23 | -$0.87 | -$1.6 | -83.9% | — | — | — |
| Q4 22 | -$1.04 | $2.3 | +321.2% | — | $0 | — |
| Q3 22 | -$1.16 | -$6.6 | -469.0% | — | $0 | — |
| Q1 22 | -$1.5 | -$0.3 | +80.0% | — | — | — |
| Q4 21 | -$1.4 | -$3.3 | -135.7% | — | $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 | — | $2.63 | — | — | $0 | — |
| FY24 | — | -$38.5 | — | — | $0 | — |
| FY23 | — | -$3.13 | — | — | $0 | — |
| FY22 | — | -$5.3 | — | — | $0 | — |
| FY21 | — | -$19.8 |
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 | $70K | $87K | $132K | $0 | $0 | $0 | $0 |
| YoY change | — | +24.3% | +51.7% | -100% | 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 | Q4 22 | Q3 23 | Q4 23 |
|---|
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 | 70K | 87K | 132K | 0 | 0 | 0 | 0 |
| Cost of revenue | 66K | 44K | 64K | 0 | 0 | — | — |
| Gross profit | 4K | 43K | 68K | 0 | 0 | 0 | 0 |
| Gross margin | 5.71% | 49.4% | 51.5% | — | — | — | — |
| Research & development | 5.2M | 10M | 24.3M | 49.1M | 65.4M | 59.9M | 72M |
| Selling, general & administrative | 2.7M | 3.9M | 264.4M | 54.9M | 40.9M | 44.7M | 53.6M |
| Operating expenses | 7.9M | 11.9M | 279.7M | 102.6M | 103.3M | 97.7M | 119.9M |
| Operating income | -7.4M | -11.5M | -277.2M | -98.1M | -101.9M | -89.1M | -127.4M |
| Operating margin | -10.6K% | -13.2K% | -210K% | — | — | — | — |
| Non-operating income, net | -15K | -18K | 32.6M | 18.3M | 32.4M | 10.9M | 21.5M |
| Pretax income | -7.5M | -12.3M | -245.2M | -94.4M | -82.6M | -781.2M | 202.6M |
| Income tax | -30K | 4K | 0 | 0 | -22.7M | 45K | -30.3M |
| Net income | -7.5M | -12.3M | -245.2M | -94.4M | -59.9M | -781.2M | 232.9M |
| Net margin | -10.7K% | -14.2K% | -185.8K% | — | — | — | — |
| EBITDA | -7.1M | -10.8M | -276.3M | -95.4M | -96M | -84.3M | 183.2M |
| EPS | -0.62 | -1.03 | -19.8 | -5.3 | -3.13 | -38.5 | 2.63 |
| Diluted EPS | -0.62 | -1.03 | -19.8 | -5.3 | -3.13 | -38.5 | 0.57 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 22 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | — | 0 | — | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Cost of revenue | 0 | — | — | — | — | — | — | — | 4.7M | — | 4.4M | 4.8M |
| Gross profit | 0 | — | — | — | — | — | 11.3M | — | -4.7M | 13.6M | -4.4M | -4.8M |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 20M | — | 22.5M | — | — | — | 14.8M | — | 11.6M | 23.3M | 25.6M | 29.7M |
| Selling, general & administrative | 21.6M | — | 6.4M | — | — | — | 23.8M | — | 7.9M | 31.3M | 11M | 9.8M |
| Operating expenses | 41.6M | — | 27.9M | — | — | — | 65.1M | — | 18.3M | 53M | 34.3M | 41.7M |
| Operating income | -40M | — | -44M | — | — | — | -46.2M | — | -23M | -47M | -34.3M | -41.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 83.7M | — | 6.9M | — | — | — | 12.6M | — | 17.8M | -246K | -7.9M | -2.9M |
| Pretax income | 40.5M | — | -40.8M | — | — | — | -725.5M | — | -147.9M | -50.1M | 61.3M | -40.9M |
| Income tax | 0 | — | -22.7M | — | — | — | 10.1M | — | -3.1M | -8.1M | 482K | 1.3M |
| Net income | 40.5M | — | -18.1M | — | — | — | -735.6M | — | -144.8M | -42M | 60.8M | -42.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -39.2M | — | -42.8M | — | — | — | -45.3M | — | -162.3M | -49.3M | 69.7M | -33.8M |
| EPS | — | -1.6 | — | -1.51 | 0.61 | -1.48 | — | 5.08 | -1.76 | — | 0.6 | -0.32 |
| Diluted EPS | — | -1.6 | — | — | — | -1.48 | — | 0 | -1.76 | — | -0.3 | -0.32 |
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 | — | — | — | — | — | — | — | 112.1M |
| Enterprise value | — | — | — | — | — | — | — | 73.6M |
| Shares outstanding | 9.5M | 9.5M | 9.9M | 14.2M | 14.4M | 20.3M | 88.7M | 88.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 0.33 |
| P/B | — | — | — | — | — | — | — | -2.57 |
| EV/EBITDA | — | — | — | — | — | — | — | -0.36 |
| Earnings yield | — | — | — | — | — | — | — | 306.4% |
| FCF yield | — | — | — | — | — | — | — | -286.9% |
| PEG | — | — | — | — | — | — | — | -0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 5.71% | 49.4% | 51.5% | — | — | — | — | — |
| Operating margin | -10.6K% | -13.2K% | -210K% | — | — | — | — | 0% |
| Net margin | -10.7K% | -14.2K% | -185.8K% | — | — | — | — | 0% |
| ROE | -179.8% | 1.3K% | -398.3% | -1.3K% | 120.4% | 156.5% | -191.8% | -191.8% |
| ROA | -102.4% | -138.7% | -105.1% | -62.4% | -71.3% | -1.6K% | 221.5% | -102% |
| ROIC | -173.2% | -207.4% | 185.9% | 87.3% | 106.4% | -2K% | -10.6K% | -1.4K% |
| Return on tangible assets | -234.9% | -255.5% | -109% | -64.1% | -73.1% | -1.6K% | 221.5% | -166.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.57 | 0.49 | 4.39 | 6.67 | 0.6 | 0.08 | 0.45 | 0.71 |
| Quick ratio | 1.57 | 0.49 | 4.39 | 6.67 | 0.6 | 0.08 | 0.45 | 0.71 |
| Debt / equity | 0.28 | -7.81 | 0.03 | 0.43 | -0.05 | -1.05 | -1.58 | -0 |
| Debt / assets | 0.16 | 0.82 | 0.01 | 0.02 | 0.03 | 11 | 1.82 | 0.93 |
| Net debt / EBITDA | -0.02 | -0.6 | 0.76 | 1.25 | 0.48 | -5.98 | 0.67 | -0.25 |
| Interest coverage | -162.3 | -14.7 | -425.5 | -5.27 | -4.05 | -0.11 | 1.1K | -25.4 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.62 | -1.03 | -19.8 | -5.3 | -3.13 | -38.5 | 2.63 | 2.63 |
| EPS (diluted) | -0.62 | -1.03 | -19.8 | -5.3 | -3.13 | -38.5 | 0.57 | -0.53 |
| Book value per share | 0.44 | -0.1 | 6.25 | 0.51 | -3.47 | -24.6 | -1.37 | -0.33 |
| FCF per share | -0.99 | -1.3 | -3.14 | -7.42 | -5.36 | -2.3 | -0.94 | -0.91 |
| Cash per share | 0.11 | 0.09 | 21.6 | 8.62 | 3.39 | 1.11 | 0.78 | 0.36 |
| Capex per share | 0.16 | 0.02 | 0.08 | 0.1 | 0.15 | 0.02 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.2K% | 178.2% | 598.5% | — | — | — | — | — |
| Capex / operating cash flow | -19.2% | -1.21% | -0.43% | -1.83% | -2.43% | -0.72% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $132K |
| — |
| FY20 | — | -$1.03 | — | — | $87K | — |
| FY19 | — | -$0.62 | — | — | $70K | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | — | $0 | — | — | — | $0 | — | $0 | $0 | $0 | $0 |
| YoY change | 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 | 1M | 839K | 212.7M | 122.8M | 48.7M | 22.6M | 69.1M |
| Receivables | 41K | 0 | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 2.5M | 4.4M | 225.3M | 143.4M | 76.8M | 42.6M | 99.8M |
| Property, plant & equipment | 2.7M | 2.5M | 3.8M | 5.8M | 6.3M | 5M | 5.4M |
| Goodwill & intangibles | 4.1M | 4.1M | 8.4M | 4.1M | 2M | 264K | 0 |
| Total assets | 7.3M | 8.9M | 233.3M | 151.2M | 84.1M | 47.7M | 105.2M |
| Accounts payable | 703K | 846K | 6.7M | 4.5M | 3.7M | 5.4M | 9.6M |
| Short-term debt | 219K | 6.5M | 362K | 516K | 643K | 524.8M | 189.4M |
| Total current liabilities | 1.6M | 8.9M | 51.3M | 21.5M | 127.7M | 540.8M | 223.2M |
| Long-term debt | 947K | 846K | 1.6M | 2.6M | 2M | 1.6M | 2.3M |
| Total liabilities | 3.1M | 9.8M | 171.8M | 143.9M | 133.9M | 547.1M | 226.6M |
| Shareholders' equity | 4.2M | -938K | 61.6M | 7.3M | -49.8M | -499.3M | -121.4M |
| Total debt | 1.2M | 7.3M | 1.9M | 3.2M | 2.6M | 526.4M | 191.7M |
| Net debt | 137K | 6.5M | -210.7M | -59.8M | -46.1M | 503.9M | 122.6M |
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 22 | Q4 22 | Q3 23 | Q4 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 144.8M | 122.8M | 74.2M | 48.7M | 66.8M | 42.8M | 22.6M | 68.8M | 62M | 69.1M | 73.1M | 49.7M |
| Receivables | 18.4M | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 163.2M | 143.4M | — | 76.8M | — | — | — | — | 82.1M | 99.8M | 109.9M | 93.9M |
| Property, plant & equipment | 3.7M | 5.8M | — | 6.3M | — | — | — | — | 4.9M | 5.4M | 5.2M | 6M |
| Goodwill & intangibles | 3.8M | 4.1M | — | 2M | — | — | — | — | 26K | 0 | — | — |
| Total assets | 170.7M | 151.2M | — | 84.1M | — | — | — | — | 87M | 105.2M | 116M | 100.8M |
| Accounts payable | 7.2M | 4.5M | — | 3.7M | — | — | — | — | 7.8M | 9.6M | 10.6M | 9.7M |
| Short-term debt | 430K | 516K | — | 643K | — | — | — | — | 240.5M | 189.4M | 87.9M | 92.1M |
| Total current liabilities | 20.4M | 21.5M | — | 127.7M | — | — | — | — | 257.1M | 223.2M | 125.4M | 132.3M |
| Long-term debt | 1.6M | 2.6M | — | 2M | — | — | — | — | 1.5M | 2.3M | 2.2M | 2.1M |
| Total liabilities | 208.7M | 143.9M | — | 133.9M | — | — | — | — | 263.1M | 226.6M | 128.3M | 135.2M |
| Shareholders' equity | -38.1M | 7.3M | — | -49.8M | — | — | — | — | -176.1M | -121.4M | -12.3M | -34.4M |
| Total debt | 2M | 3.2M | — | 2.6M | — | — | — | — | 242M | 191.7M | 90M | 94.2M |
| Net debt | -81.7M | -59.8M | — | -46.1M | — | — | — | — | 180M | 122.6M | 17M | 44.5M |
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 | -7.5M | -12.3M | -245.2M | -94.4M | -59.9M | -781.2M | 232.9M |
| Depreciation & amortization | 330K | 682K | 942K | 2.2M | 2.7M | 2.7M | 2M |
| Stock-based compensation | 0 | 96K | 101.6M | 23.2M | 8.8M | 7.5M | 9.7M |
| Change in working capital | -848K | -2.1M | -9.1M | -6.2M | 3.8M | -7.8M | 5.5M |
| Operating cash flow | -8M | -12.8M | -183.8M | -78.4M | -86.6M | -59.5M | -82.8M |
| Capital expenditure | -1.5M | -155K | -790K | -1.4M | -2.1M | -428K | — |
| Investing cash flow | -2.3M | -455K | -788K | -3.1M | -2.1M | -428K | 0 |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 10.9M | 12.5M | 246.9M | 15M | 169K | 14.9M | 102.7M |
| Net change in cash | 649K | -744K | 62.3M | -66.5M | -88.6M | -45.1M | 20M |
| Free cash flow | -9.4M | -12.4M | -30.9M | -105.7M | -77M | -46.7M | -83.1M |
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 | Q4 22 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 40.5M | -30.1M | -18.1M | -28.9M | 11.7M | -28.5M | -735.6M | 395.7M | -144.8M | -42M | 60.8M | -42.1M |
| Depreciation & amortization | 568K | — | 692K | — | — | — | — | — | 505K | 525K | 502K | 487K |
| Stock-based compensation | 15.2M | — | -464K | — | — | — | — | — | 2.1M | 4.3M | 1.9M | 1.4M |
| Change in working capital | -7.9M | — | 5.1M | — | — | — | — | — | -170K | -2.3M | -7.5M | -8.7M |
| Operating cash flow | -31.6M | -30.1M | -16.1M | -28.9M | 11.7M | -28.5M | -735.6M | 395.7M | -5.7M | -31M | -36M | -47.1M |
| Capital expenditure | -1.2M | — | -501K | — | — | — | — | — | — | — | — | — |
| Investing cash flow | -1.2M | — | -501K | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -341K | — | -191K | — | — | — | — | — | -397K | 6.9M | 39.6M | -328K |
| Net change in cash | -33.1M | -30.1M | -16.8M | -28.9M | 11.7M | -28.5M | -735.6M | 395.7M | -6.1M | -24.2M | 3.6M | -47.4M |
| Free cash flow | -26.4M | — | -25.5M | — | — | — | — | — | -5.8M | -31.1M | -36.3M | -48.1M |