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 | -$0.44 | -$0.41 | +6.8% | — | — | — |
| Q2 26 | -$0.29 | -$0.54 | -86.2% | — | — | — |
| Q1 26 | -$0.76 | -$1.2 | -57.9% | — | — | — |
| Q4 25 | -$1 | -$0.73 | +27.0% | — | — | — |
| Q3 25 | -$0.88 | -$0.9 | -2.3% | — | — | — |
| Q2 25 | -$1.2 | -$1.5 | -25.0% | — | — | — |
| Q1 25 | -$1.19 | -$1.97 | -65.5% | — | $599K | — |
| Q3 24 | -$1.27 | -$1.9 | -49.6% | — | $359K | — |
| Q2 24 | -$1.5 | -$1.8 | -20.0% | — | $348K | — |
| Q1 24 | -$1.69 | -$1.5 | +11.2% | — | $2.7M | — |
| Q4 23 | -$1.37 | -$1.35 | +1.5% | — | $2.8M | — |
| Q3 23 | -$0.13 | -$0.11 | +15.4% | — | $1.5M | — |
| Q2 23 | -$0.15 | -$0.15 | 0.0% | — | $2.8M | — |
| Q1 23 | -$0.18 | -$0.14 | +22.2% | — | $372K | — |
| Q4 22 | -$0.19 | -$0.16 | +15.8% | — | $16K | — |
| Q3 22 | -$0.17 | -$0.21 | -23.5% | — | $192K | — |
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 | — | -$4.34 | — | — | $1.6M | — |
| FY24 | — | -$7.32 | — | — | $6.3M | — |
| FY23 | — | -$7.2 | — | — | $7.5M | — |
| FY22 | — | -$7.65 | — | — | $894K | — |
| FY21 | — | -$86 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $894K | $7.5M | $6.3M | $1.6M |
| YoY change | — | 0% | +InfinityT% | +743.4% | -16.5% | -74.9% |
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 | Q3 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 894K | 7.5M | 6.3M | 1.6M |
| Cost of revenue | — | — | 0 | 20.5M | 51.7M | 29.3M |
| Gross profit | — | — | 894K | -13M | -45.4M | -27.7M |
| Gross margin | — | — | 100% | -171.8% | -720.5% | -1.7K% |
| Research & development | 12.9M | 30.3M | 72M | 42.6M | 11.8M | 8.3M |
| Selling, general & administrative | 4.5M | 30.3M | 34.4M | 30.3M | 32.7M | 21.4M |
| Operating expenses | 17.4M | 60.6M | 106.4M | 73M | 44.4M | 29.7M |
| Operating income | -17.4M | -60.6M | -105.5M | -85.9M | -89.8M | -57.4M |
| Operating margin | — | — | -11.8K% | -1.1K% | -1.4K% | -3.6K% |
| Non-operating income, net | -12.9M | -414.6M | 25.3M | 3.1M | 2K | -578K |
| Pretax income | -30.4M | -477.1M | -78M | -77.6M | -86.2M | -63.4M |
| Income tax | — | — | — | — | — | — |
| Net income | -30.4M | -477.1M | -78M | -77.6M | -86.2M | -63.4M |
| Net margin | — | — | -8.7K% | -1K% | -1.4K% | -4K% |
| EBITDA | -17M | -213.9M | -129.8M | -81.7M | -85.2M | -51.9M |
| EPS | -3.38 | -86 | -7.65 | -7.2 | -7.32 | -4.34 |
| Diluted EPS | -3.38 | -86 | -7.65 | -7.2 | -7.32 | -4.34 |
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 | 1.5M | 2.8M | 2.7M | 348K | 359K | 2.9M | 599K | 2.4M | 214K | -1.6M | 128K | 73K |
| Cost of revenue | 10.2M | 10.3M | 11.1M | 11.7M | 12.7M | 16M | 8.7M | 7.5M | 4.9M | 8.1M | 7.2M | 7.5M |
| Gross profit | -8.6M | -7.5M | -8.4M | -11.4M | -12.4M | -13.2M | -8.1M | -5.1M | -4.7M | -9.7M | -7M | -7.4M |
| Gross margin | -559.1% | -268.8% | -306.4% | -3.3K% | -3.4K% | -462.7% | -1.4K% | -216.3% | -2.2K% | 610.8% | -5.5K% | -10.2K% |
| Research & development | 1.6M | 3.8M | 3.5M | 2.8M | 2.7M | 2.7M | 2.5M | 1.4M | 1M | 3.4M | 2.6M | 2.2M |
| Selling, general & administrative | 7.9M | 7.7M | 7.6M | 8.9M | 8.6M | 7.6M | 7.5M | 5M | 4.1M | 4.8M | 4.1M | 5.5M |
| Operating expenses | 9.5M | 11.5M | 11.1M | 11.7M | 11.3M | 10.3M | 10M | 6.5M | 5.1M | 8.2M | 6.7M | 7.7M |
| Operating income | -18.1M | -19.1M | -19.5M | -23.1M | -23.7M | -23.5M | -18.1M | -11.6M | -9.8M | -17.9M | -13.8M | -15.1M |
| Operating margin | -1.2K% | -681.9% | -712% | -6.6K% | -6.6K% | -824.5% | -3K% | -490.1% | -4.6K% | 1.1K% | -10.8K% | -20.7K% |
| Non-operating income, net | 361K | 1.4M | -55K | 133K | 382K | -459K | -96K | 471K | -108K | -845K | 354K | 177K |
| Pretax income | -16.6M | -16.1M | -18.3M | -21.9M | -22.5M | -23.5M | -18M | -11.1M | -10.4M | -24M | -15.9M | -15.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -16.6M | -16.1M | -18.3M | -21.9M | -22.5M | -23.5M | -18M | -11.1M | -10.4M | -24M | -15.9M | -15.6M |
| Net margin | -1.1K% | -576.9% | -668.7% | -6.3K% | -6.3K% | -823.8% | -3K% | -468.9% | -4.8K% | 1.5K% | -12.4K% | -21.3K% |
| EBITDA | -17.4M | -17.1M | -18.3M | -21.9M | -23.2M | -21.7M | -16.5M | -10.5M | -8.3M | -16.6M | -11.7M | -14.6M |
| EPS | -1.59 | — | -1.5 | -1.8 | -1.9 | -1.97 | -1.5 | -0.9 | -0.73 | -1.2 | -0.54 | -0.46 |
| Diluted EPS | -1.59 | — | -1.5 | -1.8 | -1.9 | -1.97 | -1.5 | -0.9 | -0.73 | -1.2 | -0.54 | -0.46 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 7.1M |
| Enterprise value | — | — | — | — | — | — | 13.5M |
| Shares outstanding | 9M | 5.6M | 10.2M | 10.7M | 11.8M | 14.6M | 14.6M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.04 |
| P/S | — | — | — | — | — | — | -6.09 |
| P/B | — | — | — | — | — | — | 0.46 |
| EV/EBITDA | — | — | — | — | — | — | -0.3 |
| EV/Sales | — | — | — | — | — | — | -11.5 |
| Earnings yield | — | — | — | — | — | — | -2.5K% |
| FCF yield | — | — | — | — | — | — | -471.3% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | 100% | -171.8% | -720.5% | -1.7K% | -10.2K% |
| Operating margin | — | — | -11.8K% | -1.1K% | -1.4K% | -3.6K% | -20.7K% |
| Net margin | — | — | -8.7K% | -1K% | -1.4K% | -4K% | -1.7K% |
| ROE | 109.1% | -232.6% | -56.9% | -75.1% | -298.5% | -736.1% | -21.3K% |
| ROA | -337.1% | -190.7% | -44.9% | -54.2% | -120.1% | -124% | -87.8% |
| Return on tangible assets | -337.1% | -190.7% | -44.9% | -58.2% | -138% | -138.5% | -240.4% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.82 | 18 | 5.42 | 5.97 | 1.57 | 1.04 | 0.68 |
| Quick ratio | 0.82 | 18 | 5.42 | 5.8 | 1.37 | 1.03 | 0.67 |
| Debt / equity | -0.2 | 0.02 | 0.04 | 0.02 | 0.06 | 2.46 | -0.06 |
| Debt / assets | 0.63 | 0.02 | 0.03 | 0.02 | 0.02 | 0.41 | 0.54 |
| Net debt / EBITDA | -0.05 | 1.1 | 1.03 | 1.29 | 0.35 | 0.02 | -0.13 |
| Interest coverage | -229.4 | -252 | — | — | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.09 | 0.71 | 0.53 | 0.11 | -0.05 |
| EPS (basic) | -3.38 | -86 | -7.65 | -7.2 | -7.32 | -4.34 | -4.34 |
| EPS (diluted) | -3.38 | -86 | -7.65 | -7.2 | -7.32 | -4.34 | -2.95 |
| Book value per share | -3.1 | 37 | 13.5 | 9.69 | 2.45 | 0.59 | 0.39 |
| FCF per share | -1.9 | -9.84 | -9.41 | -5.69 | -6.75 | -3.68 | -1.34 |
| Cash per share | 0.54 | 43 | 13.7 | 10.1 | 2.68 | 1.51 | 0.33 |
| Capex per share | 0.06 | 0.5 | 1.39 | 0.54 | 0.62 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 1.6K% | 76.8% | 115.9% | — | — |
| Capex / operating cash flow | -1.68% | -0.89% | -22.2% | -9.04% | -9.62% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$3.38 | — | — | $0 | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $1.5M | $2.8M | $2.7M | $348K | $359K | $2.9M | $599K | $2.4M | $214K | -$1.6M | $128K | $73K |
| YoY change | +704.7% | +17.4K% | +636% | -87.7% | -76.8% | +1.93% | -78.1% | +577.6% | -40.4% | -155.7% | -78.6% | -96.9% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 4.9M | 238.9M | 139.8M | 108.1M | 31.6M | 22M |
| Receivables | 0 | 451K | 5M | 2M | 215K | 13K |
| Inventory | — | — | 0 | 3.4M | 5.6M | 140K |
| Total current assets | 6.9M | 245.5M | 151.6M | 118.1M | 43.4M | 26.2M |
| Property, plant & equipment | 1.8M | 4.5M | 21M | 18.4M | 22.1M | 21M |
| Goodwill & intangibles | — | — | 0 | 9.8M | 9.3M | 5.4M |
| Total assets | 9M | 250.2M | 173.6M | 143.2M | 71.8M | 51.2M |
| Accounts payable | 522K | 1.6M | 3M | 2.8M | 8.1M | 3M |
| Short-term debt | 5.7M | 1.9M | 3M | 1.6M | 1.7M | 9.8M |
| Total current liabilities | 8.4M | 13.6M | 28M | 19.8M | 27.6M | 25.3M |
| Long-term debt | 19K | 1.9M | 2.9M | 957K | 0 | 11.4M |
| Total liabilities | 36.9M | 45M | 36.6M | 39.9M | 42.9M | 42.6M |
| Shareholders' equity | -27.9M | 205.2M | 137M | 103.4M | 28.9M | 8.6M |
| Total debt | 5.7M | 3.8M | 5.9M | 2.5M | 1.7M | 21.2M |
| Net debt | 796K | -235.2M | -28.9M | -17.6M | -11.6M | 6.7M |
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 | 124.5M | 108.1M | 89.6M | 74.4M | 55.1M | 31.6M | 12.8M | 797K | 3.5M | 22M | 21.5M | 10.8M |
| Receivables | 1.3M | 2M | 1M | 981K | 413K | 215K | 253K | 148K | 108K | 13K | 37K | 10K |
| Inventory | 2.3M | 3.4M | 3.2M | 4.4M | 7M | 5.6M | 6.9M | 4.7M | 4.7M | 140K | 123K | 112K |
| Total current assets | 131.4M | 118.1M | 98.2M | 84.7M | 68.6M | 43.4M | 23.7M | 11.2M | 11.6M | 26.2M | 24.8M | 13.6M |
| Property, plant & equipment | 18M | 18.4M | 18.8M | 20M | 21.7M | 22.1M | 23.7M | 22.7M | 18.9M | 21M | 19.6M | 14.7M |
| Goodwill & intangibles | 10M | 9.8M | 9.7M | 9.6M | 9.4M | 9.3M | 9.2M | 9M | 8.9M | 5.4M | 5.2M | 5.1M |
| Total assets | 158.7M | 143.2M | 123.6M | 111.1M | 96.7M | 71.8M | 53.6M | 39.6M | 36.1M | 51.2M | 48.6M | 32.5M |
| Accounts payable | 3.2M | 2.8M | 2.9M | 5.8M | 10.9M | 8.1M | 10.2M | 10.6M | 9.5M | 3M | 1.3M | 1.2M |
| Short-term debt | 1.5M | 1.6M | 1.5M | 1.6M | 1.6M | 1.7M | 1.3M | 872K | 2.7M | 9.8M | 10.9M | 7.7M |
| Total current liabilities | 18.6M | 19.8M | 19.9M | 26M | 32.1M | 27.6M | 22.2M | 24M | 23.8M | 25.3M | 23M | 20M |
| Long-term debt | 1.4M | 957K | 610K | 884K | 451K | 0 | — | — | 8.3M | 11.4M | 10.6M | 9.8M |
| Total liabilities | 42.2M | 39.9M | 35.8M | 42.1M | 47.5M | 42.9M | 41.5M | 36.3M | 37.9M | 42.6M | 39.1M | 35.2M |
| Shareholders' equity | 116.5M | 103.4M | 87.8M | 69M | 49.2M | 28.9M | 12.1M | 3.3M | -1.8M | 8.6M | 9.4M | -2.7M |
| Total debt | 2.9M | 2.5M | 2.2M | 2.5M | 2.1M | 1.7M | 1.3M | 872K | 11M | 21.2M | 21.5M | 17.5M |
| Net debt | -34.3M | -17.6M | -34.2M | -34.3M | -10.7M | -11.6M | -7.1M | 75K | 7.4M | 6.7M | 6M | 6.6M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -30.4M | -477.1M | -78M | -77.6M | -86.2M | -63.4M |
| Depreciation & amortization | 436K | 572K | 1.5M | 6.5M | 4.7M | 5.7M |
| Stock-based compensation | 310K | 7.9M | 11.9M | 10.6M | 11.6M | 5.4M |
| Change in working capital | -221K | 4.5M | 336K | -1.2M | -5.3M | -3.1M |
| Operating cash flow | -29.8M | -310.1M | -64M | -64.1M | -75.8M | -50.3M |
| Capital expenditure | -502K | -2.8M | -14.2M | -5.8M | -7.3M | — |
| Investing cash flow | -502K | -2.8M | -117.9M | -5.8M | -7.3M | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | 0 | -2.8M | -310K | -297K | -50K |
| Financing cash flow | 4.7M | 277.5M | -4.7M | 24.9M | -297K | 43.3M |
| Net change in cash | -25.6M | -35.4M | -186.6M | -45M | -83.4M | -7M |
| Free cash flow | -17.1M | -54.6M | -95.8M | -60.7M | -79.5M | -53.7M |
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 | 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 | -16.6M | -16.1M | -18.3M | -21.9M | -22.5M | -23.5M | -18M | -11.1M | -10.4M | -24M | -15.9M | -15.6M |
| Depreciation & amortization | 1.1M | 3.3M | 1.2M | 1.3M | 781K | 1.4M | 1.5M | 1.5M | 1.5M | 1.2M | 2.4M | 698K |
| Stock-based compensation | 2.9M | 3M | 2.9M | 3M | 2.7M | 3M | 1.2M | 1.5M | 1.2M | 1.5M | 1.1M | 681K |
| Change in working capital | 2.4M | -3.7M | 1M | -2.4M | -2.6M | -1.3M | -373K | -3.7M | 2.5M | 14K | -2.2M | -496K |
| Operating cash flow | -10.9M | -14.4M | -13.8M | -20.3M | -21.6M | -20.1M | -15.3M | -12.4M | -5.8M | -13.9M | -13.5M | -8.9M |
| Capital expenditure | -769K | -1.6M | -953K | -612K | -2.3M | -3.5M | -762K | — | — | — | — | — |
| Investing cash flow | -769K | -1.6M | -953K | -612K | -2.3M | -3.5M | -762K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -83K | -145K | -81K | -97K | -67K | -52K | -17K | -10K | -9K | -14K | 0 | 0 |
| Financing cash flow | -1.2M | -145K | -81K | -97K | -67K | -52K | -17K | 711K | 4.1M | 34.5M | 14M | -1.2M |
| Net change in cash | -12.9M | -16.1M | -14.9M | -21M | -23.9M | -23.7M | -16.1M | -11.6M | -1.8M | 20.7M | 587K | -10.2M |
| Free cash flow | -2M | -17.7M | -19.9M | -15.8M | -19.9M | -23.9M | -19M | -13.1M | -5.4M | -16.2M | -14.4M | -9.4M |