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 % |
|---|---|---|---|---|---|---|
| Q4 25 | -$1.37 | -$1.65 | -20.4% | — | $0 | — |
| Q3 25 | -$2.33 | -$1.91 | +18.0% | — | $0 | — |
| Q2 25 | -$2.5 | -$2.23 | +10.8% | — | $0 | — |
| Q1 25 | -$2.48 | -$2.58 | -4.0% | — | $0 | — |
| Q4 24 | -$2.69 | -$2.43 | +9.7% | — | $0 | — |
| Q3 24 | -$2.57 | -$2.87 | -11.7% | — | $0 | — |
| Q2 24 | -$2.79 | -$2.86 | -2.5% | — | $0 | — |
| Q1 24 | -$2.85 | -$2.7 | +5.3% | — | $0 | — |
| Q4 23 | -$3.75 | -$2.1 | +44.0% | — | $0 | — |
| Q3 23 | -$0.14 | -$0.1 | +28.6% | — | $0 | — |
| Q2 23 | -$0.14 | -$0.12 | +14.3% | — | $0 | — |
| Q1 23 | -$0.13 | -$0.21 | -61.5% | — | $0 | — |
| Q4 22 | -$0.17 | -$0.09 | +47.1% | — | $0 | — |
| Q3 22 | -$0.15 | -$0.2 | -33.3% | — | $0 | — |
| Q2 22 | -$0.14 | -$0.01 | +92.9% | — | $0 | — |
| Q1 22 | -$0.13 | -$0.15 | -15.4% | — | $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 | — | -$8.19 | — | — | $0 | — |
| FY24 | — | -$10.7 | — | — | $0 | — |
| FY23 | — | -$14.7 | — | — | $0 | — |
| FY22 | — | $1.2 | — | — | $0 | — |
| FY21 | — | -$1.8 | — |
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 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 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 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 9.8M | 22.1M | 43.9M | 47.6M | 40.2M | 33.6M |
| Selling, general & administrative | 3.2M | 16.2M | 36.2M | 33.1M | 26.4M | 17.4M |
| Operating expenses | 13M | 38.2M | 80.1M | 80.7M | 66.6M | 51M |
| Operating income | -13M | -38.2M | -80.1M | -80.7M | -66.6M | -51M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | — | 3.1M | 84M | 5.2M | 43K | -187K |
| Pretax income | -12.9M | -35.2M | 5.2M | -71.1M | -63.2M | -50.2M |
| Income tax | 0 | 0 | 0 | 0 | 0 | — |
| Net income | -12.9M | -35.2M | 5.2M | -71.1M | -63.2M | -50.2M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -12.7M | -37.9M | -77.5M | -74.4M | -61.2M | -49.4M |
| EPS | -3.26 | -1.8 | 1.2 | -14.7 | -10.7 | -8.19 |
| Diluted EPS | -3.26 | -1.8 | 1.2 | -14.7 | -10.7 | -8.19 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 12.7M | 13M | 8.5M | 10M | 10.9M | 10.8M | 8.5M | 9.4M | 9.1M | 8M | 7.1M | 5M |
| Selling, general & administrative | 8.7M | 8.3M | 7.1M | 6.1M | 6.8M | 7M | 6.5M | 6.3M | 4.5M | 3.5M | 3.1M | 2.5M |
| Operating expenses | 21.5M | 21.4M | 15.5M | 16.1M | 17.7M | 17.8M | 15M | 15.7M | 13.5M | 11.5M | 10.2M | 7.5M |
| Operating income | -21.5M | -21.4M | -15.5M | -16.1M | -17.7M | -17.8M | -15M | -15.7M | -13.5M | -11.5M | -10.2M | -7.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 5.1M | 4.7M | 1.5M | -1.9M | 1.6M | -138K | 458K | -93K | 40K | 287K | -421K | 133K |
| Pretax income | -15.3M | -15.7M | -13.1M | -17M | -15.2M | -17.1M | -13.9M | -15.4M | -13.2M | -11.1M | -10.5M | -7.3M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Net income | -15.3M | -15.7M | -13.1M | -17M | -15.2M | -17.1M | -13.9M | -15.4M | -13.2M | -11.1M | -10.5M | -7.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -20M | -20M | -14.1M | -14.6M | -16.3M | -16.4M | -13.8M | -15.3M | -13.1M | -11.4M | -9.5M | -7.5M |
| EPS | -3.62 | -3.04 | — | -3 | -2.59 | -2.9 | -2.36 | -2.6 | -2.23 | -1.86 | -1.57 | -1.03 |
| Diluted EPS | -3.62 | -3.04 | — | -3 | -2.59 | -2.9 | -2.36 | -2.6 | -2.23 | -1.86 | -1.57 | -1.03 |
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 | — | — | — | — | — | — | 691.7K |
| Enterprise value | — | — | — | — | — | — | 4.2M |
| Shares outstanding | 4M | 4M | 4.1M | 4.9M | 5.9M | 6.1M | 6.1M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 49 |
| P/B | — | — | — | — | — | — | 0.2 |
| EV/EBITDA | — | — | — | — | — | — | -0.1 |
| Earnings yield | — | — | — | — | — | — | 2.04% |
| FCF yield | — | — | — | — | — | — | -3.3K% |
| PEG | — | — | — | — | — | — | -0.81 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | -76.4% | -42.4% | 4.64% | -72.5% | -135.4% | -509.9% | -223.8% |
| ROA | -72.4% | -19.4% | 3.68% | -59.3% | -93.4% | -256.3% | -79% |
| ROIC | -13.5K% | 42.9% | -761% | -551.6% | -584.5% | — | — |
| Return on tangible assets | -72.4% | -19.4% | 3.68% | -59.3% | -93.4% | -256.3% | -334.6% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 21 | 28.6 | 14.3 | 13.9 | 6.74 | 2.97 | 1.54 |
| Quick ratio | 21 | 28.6 | 14.3 | 13.9 | 6.74 | 2.97 | 1.54 |
| Debt / equity | 0.01 | 0.02 | 0.14 | 0.15 | 0.3 | 0.79 | 2.02 |
| Debt / assets | 0.01 | 0.01 | 0.11 | 0.12 | 0.2 | 0.4 | 0.57 |
| Net debt / EBITDA | 1.32 | 4.54 | 1.3 | 1.12 | 0.58 | 0.04 | -0.08 |
| Interest coverage | -4.3K | -394.6 | 26.8 | -2.8K | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -3.26 | -1.8 | 1.2 | -14.7 | -10.7 | -8.19 | -8.19 |
| EPS (diluted) | -3.26 | -1.8 | 1.2 | -14.7 | -10.7 | -8.19 | -6.62 |
| Book value per share | 4.26 | 20.6 | 27.4 | 20.1 | 7.93 | 1.61 | 0.5 |
| FCF per share | -3.07 | -8.57 | -16.4 | -13.1 | -8.52 | -7.37 | -5.59 |
| Cash per share | 4.27 | 43 | 28.6 | 20.2 | 8.34 | 1.6 | 0.52 |
| Capex per share | 0.03 | 0.32 | 1.32 | 0.34 | 0.03 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.99% | -4.4% | 26.2% | -2.89% | -0.36% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$3.26 | — | — | $0 | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 16.9M | 173.5M | 116.2M | 98.2M | 49.1M | 9.8M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 17.1M | 178.4M | 120.4M | 101M | 51.7M | 11.6M |
| Property, plant & equipment | 445K | 2.3M | 18.9M | 17.9M | 15M | 7M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 17.8M | 181.7M | 140.3M | 119.9M | 67.7M | 19.6M |
| Accounts payable | 373K | 1.5M | 1.7M | 1.3M | 1.2M | 894K |
| Short-term debt | 47K | 647K | 854K | 1M | 1.2M | 2M |
| Total current liabilities | 814K | 6.2M | 8.4M | 7.3M | 7.7M | 3.9M |
| Long-term debt | 63K | 691K | 14.8M | 13.8M | 12.6M | 5.8M |
| Total liabilities | 935K | 98.6M | 29.2M | 21.9M | 21M | 9.7M |
| Shareholders' equity | 16.9M | 83.1M | 111M | 98M | 46.7M | 9.8M |
| Total debt | 110K | 1.3M | 15.7M | 14.8M | 13.8M | 7.8M |
| Net debt | -16.8M | -172.2M | -100.5M | -38M | 4M | 5.2M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 82.8M | 110.2M | 98.2M | 84.1M | 73.2M | 60.9M | 49.1M | 37.4M | 24M | 13.4M | 9.8M | 3.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 85.3M | 113.4M | 101M | 87.1M | 75.9M | 64M | 51.7M | 39.7M | 26.1M | 15.1M | 11.6M | 5.2M |
| Property, plant & equipment | 18.1M | 17.6M | 17.9M | 17.1M | 16.3M | 15.6M | 15M | 14.4M | 13.9M | 13.3M | 7M | 6.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 104.5M | 132.1M | 119.9M | 105.3M | 93.3M | 80.6M | 67.7M | 55.1M | 40.9M | 29.3M | 19.6M | 12.6M |
| Accounts payable | 1.6M | 1.5M | 1.3M | 1.3M | 1.4M | 2.4M | 1.2M | 1M | 721K | 915K | 894K | 1M |
| Short-term debt | 967K | 1M | 1M | 1.1M | 1.1M | 1.2M | 1.2M | 1.3M | 1.3M | 1.4M | 2M | 1.5M |
| Total current liabilities | 7.5M | 7.8M | 7.3M | 5.1M | 7.2M | 8.6M | 7.7M | 7.9M | 5.1M | 3.2M | 3.9M | 3.3M |
| Long-term debt | 14.3M | 14.1M | 13.8M | 13.5M | 13.2M | 12.9M | 12.6M | 12.2M | 11.9M | 11.5M | 5.8M | 5.7M |
| Total liabilities | 28.8M | 24.2M | 21.9M | 21.3M | 21.5M | 22.7M | 21M | 21M | 17.8M | 15.3M | 9.7M | 9M |
| Shareholders' equity | 75.7M | 107.9M | 98M | 84M | 71.9M | 57.9M | 46.7M | 34.1M | 23.1M | 14.1M | 9.8M | 3.6M |
| Total debt | 15.3M | 15.1M | 14.8M | 14.6M | 14.3M | 14.1M | 13.8M | 13.5M | 13.2M | 12.9M | 7.8M | 7.2M |
| Net debt | -17.5M | -44M | -38M | -23.6M | -5.9M | 7M | 4M | 10.9M | 9.3M | 9.7M | 5.2M | 5.8M |
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 | -12.9M | -35.2M | 5.2M | -71.1M | -63.2M | -50.2M |
| Depreciation & amortization | 157K | 316K | 1.1M | 1.9M | 2.1M | 1.4M |
| Stock-based compensation | 448K | 3.7M | 12.3M | 13.3M | 11.9M | 8.1M |
| Change in working capital | 155K | 1.9M | 980K | -1.3M | -1.1M | -1.5M |
| Operating cash flow | -12.1M | -29.3M | 20.4M | -57.7M | -50.4M | -45.1M |
| Capital expenditure | -120K | -1.3M | -5.4M | -1.7M | -180K | — |
| Investing cash flow | 13.2M | -1.3M | -5.4M | -45.8M | 6.9M | 32.3M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 13.5M | 191.7M | 8.3M | 44.4M | 0 | 5.6M |
| Net change in cash | 14.6M | 161.1M | 23.4M | -59.1M | -43.5M | -7.2M |
| Free cash flow | -12.2M | -34.6M | -66.6M | -64M | -50.1M | -45.2M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -15.3M | -15.7M | -13.1M | -17M | -15.2M | -17.1M | -13.9M | -15.4M | -13.2M | -11.1M | -10.5M | -7.3M |
| Depreciation & amortization | 441K | 447K | 525K | 521K | 537K | 507K | 542K | 369K | 413K | 352K | 291K | 183K |
| Stock-based compensation | 3.3M | 3.6M | 3.1M | 3.1M | 3.1M | 2.9M | 2.8M | 2.8M | 2.2M | 2M | 1.1M | 1.1M |
| Change in working capital | -550K | -215K | -475K | -218K | -206K | -186K | -468K | -408K | -688K | -55K | -336K | -278K |
| Operating cash flow | -12.2M | -12.2M | -10M | -13.9M | -11.7M | -13.7M | -11.1M | -12.5M | -13.5M | -10.5M | -9.3M | -6.3M |
| Capital expenditure | -208K | -118K | -1M | -10K | -6K | 31K | -195K | -5K | — | — | — | — |
| Investing cash flow | -6.4M | -644K | 5M | -144K | -7M | -492K | 14.4M | 4.6M | 14.8M | 9.8M | 3M | 4.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -4K | 47M | 0 | 0 | 0 | 0 | 0 | — | — | — | — | -308K |
| Net change in cash | -18.5M | 34.2M | -5M | -14M | -18.7M | -14.2M | 3.4M | -7.8M | 1.3M | -655K | -6.3M | -1.7M |
| Free cash flow | -15.3M | -17.4M | -12.4M | -14.5M | -11M | -12.7M | -12M | -11.8M | -13.5M | -10.6M | -9.3M | -6.3M |