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 | -$0.07 | -$0.08 | -14.3% | — | $4.9M | — |
| Q4 25 | -$0.09 | -$0.07 | +22.2% | — | $712K | — |
| Q3 25 | -$0.09 | -$0.08 | +11.1% | — | $759K | — |
| Q2 25 | -$0.09 | -$0.08 | +11.1% | — | $1.5M | — |
| Q1 25 | -$0.08 | -$0.1 | -25.0% | — | $489K | — |
| Q4 24 | -$0.07 | -$0.08 | -14.3% | — | $1.5M | — |
| Q3 24 | -$0.07 | -$0.06 | +14.3% | — | $0 | — |
| Q2 24 | -$0.08 | -$0.06 | +25.0% | — | $0 | — |
| Q1 24 | -$0.19 | -$0.06 | +68.4% | — | $0 | — |
| Q4 23 | -$0.19 | -$0.1 | +47.4% | — | $0 | — |
| Q3 23 | -$0.18 | -$0.17 | +5.6% | — | $96K | — |
| Q2 23 | -$0.18 | -$0.19 | -5.6% | — | $266K | — |
| Q1 23 | -$0.18 | -$0.16 | +11.1% | — | $310K | — |
| Q4 22 | -$0.2 | -$0.16 | +20.0% | — | $1.1M | — |
| Q3 22 | -$0.22 | -$0.36 | -63.6% | — | $499K | — |
| Q2 22 | -$0.2 | -$0.19 | +5.0% | — | $172K | — |
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 | — | -$0.33 | — | — | $3.5M | — |
| FY24 | — | -$0.3 | — | — | $1.5M | — |
| FY23 | — | -$0.68 | — | — | $672K | — |
| FY22 | — | -$0.87 | — | — | $2.1M | — |
| FY21 | — | -$0.56 |
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 | $200K | $2.1M | $672K | $1.5M | $3.5M |
| YoY change | — | 0% | +InfinityT% | +953% | -68.1% | +124.6% | +130.3% |
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 |
|---|
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 | 200K | 2.1M | 672K | 1.5M | 3.5M |
| Cost of revenue | 0 | 0 | 2.7M | 8.8M | 1.7M | 1.4M | 3.3M |
| Gross profit | 0 | 0 | -2.5M | -6.7M | -1M | 94K | 170K |
| Gross margin | — | — | -1.3K% | -316.8% | -155.4% | 6.23% | 4.89% |
| Research & development | 9.3M | 12.6M | 58.3M | 110.4M | 82.2M | 37M | 42.5M |
| Selling, general & administrative | 2.7M | 9.6M | 35.3M | 42M | 42.6M | 24.4M | 22.8M |
| Operating expenses | 12M | 22.2M | 93.6M | 152.4M | 124.9M | 61.4M | 65.2M |
| Operating income | -12M | -22.2M | -96.1M | -159M | -125.9M | -61.3M | -65.1M |
| Operating margin | — | — | -48K% | -7.6K% | -18.7K% | -4.1K% | -1.9K% |
| Non-operating income, net | 1.1M | 351.8M | -730K | -51K | -11.4M | -3M | -485K |
| Pretax income | -14.1M | 324.1M | -96M | -153.4M | -123.5M | -52M | -57.2M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -14.1M | 324.1M | -96M | -153.4M | -123.5M | -52M | -57.2M |
| Net margin | — | — | -48K% | -7.3K% | -18.4K% | -3.4K% | -1.6K% |
| EBITDA | -10.9M | -21.3M | -94.4M | -157.8M | -110.9M | -55.1M | -58.6M |
| EPS | -0.09 | -0.38 | -0.56 | -0.87 | -0.68 | -0.3 | -0.33 |
| Diluted EPS | -0.09 | -0.38 | -0.56 | -0.87 | -0.68 | -0.3 | -0.33 |
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 | 96K | 0 | 0 | 0 | 0 | 1.5M | 489K | 1.5M | 759K | 712K | 2.8M | 4.9M |
| Cost of revenue | 677K | 41K | 0 | 0 | 0 | 1.4M | 477K | 1.4M | 806K | 638K | 2.6M | 4.6M |
| Gross profit | -581K | -41K | 0 | 0 | 0 | 94K | 12K | 131K | -47K | 74K | 210K | 366K |
| Gross margin | -605.2% | — | — | — | — | 6.23% | 2.45% | 8.65% | -6.19% | 10.4% | 7.42% | 7.4% |
| Research & development | 25.1M | 8.8M | 8M | 8.3M | 9.5M | 11.3M | 12.2M | 10.1M | 10.1M | 10M | 7.7M | 9.5M |
| Selling, general & administrative | 8.2M | 12.3M | 6.6M | 6.3M | 5.6M | 5.9M | 6.1M | 6M | 5.2M | 5.5M | 6.2M | 6.4M |
| Operating expenses | 33.3M | 21.1M | 14.6M | 14.6M | 15.1M | 17.1M | 18.3M | 16.1M | 15.3M | 15.5M | 13.9M | 15.9M |
| Operating income | -33.9M | -21.2M | -14.6M | -14.6M | -15.1M | -17M | -18.3M | -16M | -15.4M | -15.4M | -13.6M | -15.6M |
| Operating margin | -35.3K% | — | — | — | — | -1.1K% | -3.7K% | -1.1K% | -2K% | -2.2K% | -481.7% | -314.6% |
| Non-operating income, net | 26K | -11.4M | -4.4M | 588K | 929K | -61K | -1.4M | 346K | 70K | 522K | 414K | 258K |
| Pretax income | -30.3M | -29.1M | -15.6M | -10.9M | -11.2M | -14.4M | -17.3M | -13.4M | -13.3M | -13.2M | -11.7M | -13.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -30.3M | -29.1M | -15.6M | -10.9M | -11.2M | -14.4M | -17.3M | -13.4M | -13.3M | -13.2M | -11.7M | -13.9M |
| Net margin | -31.6K% | — | — | — | — | -954.1% | -3.5K% | -885.4% | -1.8K% | -1.9K% | -414.4% | -281.7% |
| EBITDA | -33.2M | -8M | -9.6M | -14.4M | -15.2M | -16M | -15.7M | -15M | -13.8M | -14.1M | -11.9M | -13.7M |
| EPS | -0.17 | -0.16 | -0.09 | -0.06 | -0.06 | -0.08 | -0.1 | -0.08 | -0.08 | -0.07 | -0.07 | -0.08 |
| Diluted EPS | -0.17 | -0.16 | -0.09 | -0.06 | -0.06 | -0.08 | -0.1 | -0.08 | -0.08 | -0.07 | -0.07 | -0.08 |
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 | — | — | — | 410.4M | 147.7M | 456.5M | 322.8M | 707.2M |
| Enterprise value | — | — | — | 104.5M | -7.9M | 343.2M | 234.8M | 692.5M |
| Shares outstanding | 153.9M | 104.3M | 172.2M | 175.4M | 181.4M | 174.9M | 175.4M | 175.4M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -12.1 |
| P/S | — | — | — | 194.9 | 219.7 | 302.5 | 92.9 | 81.5 |
| P/B | — | — | — | 0.97 | 0.48 | 1.87 | 1.68 | 4.45 |
| EV/EBITDA | — | — | — | -0.66 | 0.07 | -6.22 | -4.01 | -13.3 |
| EV/Sales | — | — | — | 49.6 | -11.7 | 227.4 | 67.6 | 74.9 |
| Earnings yield | — | — | — | — | — | — | — | -8.29% |
| FCF yield | — | — | — | -32.7% | -84.2% | -16% | -21.8% | -5.68% |
| PEG | — | — | — | — | — | — | — | -13.8 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | -1.3K% | -316.8% | -155.4% | 6.23% | 4.89% | 7.4% |
| Operating margin | — | — | -48K% | -7.6K% | -18.7K% | -4.1K% | -1.9K% | -314.6% |
| Net margin | — | — | -48K% | -7.3K% | -18.4K% | -3.4K% | -1.6K% | 4.89% |
| ROE | 78.1% | 50.6% | -17.3% | -36.2% | -40.3% | -21.3% | -29.8% | -27.1% |
| ROA | -100.1% | 49.5% | -16.6% | -34.3% | -37.6% | -19.8% | -28.1% | -18.3% |
| Return on tangible assets | -106.6% | 49.5% | -16.6% | -34.4% | -37.6% | -19.8% | -28.1% | -29.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.55 | 69.9 | 25.4 | 22.1 | 12 | 9.17 | 10 | 7.59 |
| Quick ratio | 0.55 | 69.9 | 25.4 | 22.1 | 12 | 9.17 | 10 | 7.47 |
| Debt / equity | -1.23 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 |
| Debt / assets | 1.57 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 |
| Net debt / EBITDA | -1.45 | 27.4 | 3.9 | 1.94 | 1.4 | 2.06 | 1.5 | 1.14 |
| Interest coverage | -3.33 | 60.3 | — | — | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.01 | 0 | 0.01 | 0.02 | 0.05 |
| EPS (basic) | -0.09 | -0.38 | -0.56 | -0.87 | -0.68 | -0.3 | -0.33 | -0.33 |
| EPS (diluted) | -0.09 | -0.38 | -0.56 | -0.87 | -0.68 | -0.3 | -0.33 | -0.29 |
| Book value per share | -0.12 | 6.14 | 3.22 | 2.41 | 1.69 | 1.4 | 1.09 | 0.95 |
| FCF per share | -0.07 | -0.22 | -0.48 | -0.77 | -0.69 | -0.42 | -0.4 | -0.32 |
| Cash per share | 0.04 | 5.67 | 2.19 | 1.79 | 0.9 | 0.69 | 0.53 | 0.36 |
| Capex per share | 0 | 0 | 0.01 | 0.02 | 0.04 | 0.06 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 1.2K% | 129.8% | 1.1K% | 738.2% | — | — |
| Capex / operating cash flow | -3.57% | 0.09% | -2.68% | -2.14% | -6.57% | -26.7% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $200K |
| — |
| FY20 | — | -$0.38 | — | — | $0 | — |
| FY19 | — | -$0.09 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $96K | $0 | $0 | $0 | $0 | $1.5M | $489K | $1.5M | $759K | $712K | $2.8M | $4.9M |
| YoY change | -80.8% | -100% | -100% | -100% | -100% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | -52.8% | +479.1% | +226.3% |
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 | 6.3M | 591.6M | 377.2M | 313.2M | 163.2M | 120.1M | 92.4M |
| Receivables | 145K | 92K | 70K | 1.1M | 40K | 1.9M | 489K |
| Inventory | — | 132K | 114K | 74K | 0 | — | — |
| Total current assets | 6.8M | 612.4M | 386.5M | 324.2M | 181.7M | 131M | 98.6M |
| Property, plant & equipment | 6.6M | 6.2M | 10M | 12.1M | 17.1M | 31.4M | 43.9M |
| Goodwill & intangibles | 858K | 664K | 470K | 400K | 0 | — | — |
| Total assets | 14.1M | 655.1M | 578.4M | 446.7M | 328.4M | 263M | 203.6M |
| Accounts payable | 1.2M | 1.9M | 7.5M | 2.8M | 4.2M | 5.2M | 3.1M |
| Short-term debt | 7.7M | 734K | 21K | 347K | 847K | 2.4M | 2.7M |
| Total current liabilities | 12.4M | 8.8M | 15.2M | 14.7M | 15.1M | 14.3M | 9.9M |
| Long-term debt | 14.5M | 6M | 8.6M | 7M | 6.8M | 4.4M | 1.6M |
| Total liabilities | 32.2M | 14.9M | 24.5M | 23.2M | 22.1M | 18.7M | 11.6M |
| Shareholders' equity | -18.1M | 640.2M | 553.9M | 423.6M | 306.3M | 244.4M | 192M |
| Total debt | 22.2M | 6.7M | 8.6M | 7.3M | 7.6M | 6.8M | 4.4M |
| Net debt | 15.9M | -383M | -249.8M | -112.1M | -5.2M | -2.4M | -18.6M |
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 | 182.2M | 163.2M | 141.4M | 155.2M | 151M | 120.1M | 121.1M | 108.6M | 105M | 92.4M | 72.5M | 64.2M |
| Receivables | 140K | 40K | 122K | 373K | 1.3M | 1.9M | 2M | 1.2M | 726K | 489K | 3M | 2.7M |
| Inventory | 139K | 0 | — | — | — | — | — | — | — | — | 1.9M | 1.2M |
| Total current assets | 194M | 181.7M | 154.1M | 164.6M | 161.4M | 131M | 128M | 114.5M | 110M | 98.6M | 81.4M | 71.6M |
| Property, plant & equipment | 18.6M | 17.1M | 19.7M | 22M | 23.2M | 31.4M | 34.4M | 37M | 45.6M | 43.9M | 41.5M | 38.8M |
| Goodwill & intangibles | 200K | 0 | — | — | — | — | — | — | — | — | — | — |
| Total assets | 356.1M | 328.4M | 297.7M | 281.4M | 272.3M | 263M | 241M | 229.2M | 216.2M | 203.6M | 190.8M | 179.6M |
| Accounts payable | 3.5M | 4.2M | 2.1M | 1M | 1.7M | 5.2M | 1.5M | 2.7M | 2.1M | 3.1M | 901K | 1.5M |
| Short-term debt | 807K | 847K | 1.4M | 985K | 1.5M | 2.4M | 2.5M | 2.6M | 2.6M | 2.7M | 2.8M | 2.5M |
| Total current liabilities | 13.2M | 15.1M | 10.5M | 7.5M | 9.2M | 14.3M | 9.2M | 10.3M | 10M | 9.9M | 8.1M | 9.4M |
| Long-term debt | 7.4M | 6.8M | 6.2M | 5.6M | 5M | 4.4M | 3.7M | 3M | 2.4M | 1.6M | 912K | 577K |
| Total liabilities | 21.8M | 22.1M | 17.2M | 13.5M | 14.6M | 18.7M | 13M | 13.3M | 12.4M | 11.6M | 9M | 10.1M |
| Shareholders' equity | 334.4M | 306.3M | 280.4M | 267.8M | 257.7M | 244.4M | 228M | 215.9M | 203.9M | 192M | 181.7M | 169.5M |
| Total debt | 8.2M | 7.6M | 7.6M | 6.6M | 6.5M | 6.8M | 6.2M | 5.6M | 5M | 4.4M | 3.7M | 3M |
| Net debt | -20.4M | -5.2M | -7.1M | -12.5M | -21.5M | -2.4M | -6.1M | -10M | -12.9M | -18.6M | -16.5M | -10.1M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -14.1M | 324.1M | -96M | -153.4M | -123.5M | -52M | -57.2M |
| Depreciation & amortization | 1M | 850K | 884K | 1.2M | 3.5M | 3.1M | 6M |
| Stock-based compensation | 125K | 294K | 4.9M | 7M | 6.2M | 4.6M | 5.5M |
| Change in working capital | -1.3M | -260K | 2.5M | -12.7M | -389K | -5.6M | -1.1M |
| Operating cash flow | -9.8M | 331.3M | -87M | -127.9M | -112.7M | -41.8M | -46.5M |
| Capital expenditure | -349K | -289K | -2.3M | -2.7M | -7.4M | -11.1M | — |
| Investing cash flow | -349K | -238.1M | -66M | -22M | 18.3M | 59.5M | 82.4M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | 0 | -33K | -14M | 0 |
| Financing cash flow | 16.6M | 519.8M | -950K | -157K | -272K | -14.4M | -672K |
| Net change in cash | 6.5M | 613M | -154M | -150.1M | -94.6M | 3.3M | 35.2M |
| Free cash flow | -11.4M | -23.3M | -82.9M | -134.2M | -124.4M | -73.3M | -70.3M |
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 | -30.3M | -29.1M | -15.6M | -10.9M | -11.2M | -14.4M | -17.3M | -13.4M | -13.3M | -13.2M | -11.7M | -13.9M |
| Depreciation & amortization | 664K | 1.7M | 572K | 713K | 855K | 1M | 1.1M | 1.3M | 1.6M | 1.9M | 2.1M | 2.1M |
| Stock-based compensation | 1.4M | 1M | 1.3M | 1.1M | 1.1M | 1.1M | 1.3M | 1.4M | 1.4M | 1.4M | 1.5M | 1.7M |
| Change in working capital | 1.4M | 371K | -2.7M | -2M | 270K | -1.2M | -644K | 1.2M | -735K | -926K | -5.5M | 982K |
| Operating cash flow | -26.4M | -25.6M | -10.7M | -10.2M | -8.5M | -12.3M | -13.3M | -10M | -10.7M | -11.9M | -12.7M | -7.1M |
| Capital expenditure | -2.8M | -646K | -2.2M | -2.3M | -1.9M | -4.7M | -7.1M | — | — | — | — | — |
| Investing cash flow | 9.1M | 16.7M | 27.9M | 18.1M | 18.8M | -5.4M | 17.6M | 17M | 23.1M | 17.7M | 10.3M | -50K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | — | -11M | -2.9M | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Financing cash flow | -16K | -7K | -11.3M | -3M | -28K | -19K | -444K | -88K | -56K | -84K | — | — |
| Net change in cash | -17.3M | -8.8M | 5.9M | 4.9M | 10.3M | -17.7M | 3.8M | 6.9M | 12.3M | 5.8M | -2.4M | -7.1M |
| Free cash flow | -31.6M | -25.2M | -25.5M | -15.9M | -12.4M | -19.4M | -21.3M | -14.2M | -21.1M | -13.6M | -14.6M | -7.3M |