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 | -$0.35 | -$0.52 | -48.6% | — | $0 | — |
| Q1 26 | -$0.44 | -$0.53 | -20.5% | — | $0 | — |
| Q4 25 | -$0.5 | -$0.31 | +38.0% | — | $0 | — |
| Q3 25 | -$0.53 | -$0.51 | +3.8% | — | $0 | — |
| Q2 25 | -$0.42 | -$0.66 | -57.1% | — | $0 | — |
| Q1 25 | -$0.62 | -$0.49 | +21.0% | — | $0 | — |
| Q4 24 | $0.42 | -$0.36 | -185.7% | — | -$14K | — |
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 | — | -$1.91 | — | — | $0 | — |
| FY24 | — | -$1.51 | — | — | $56K | — |
| FY22 | — | -$1.23 | — | — | $500K | — |
| FY21 | — | -$0.58 | — | — | $3M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $3M | $500K | $56K | $0 |
| YoY change | — | -83.5% | — | -100% |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 3M | 500K | 56K | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 3.8M | 1.6M | 7.5M | 13.2M |
| Selling, general & administrative | 1.3M | 1.3M | 9.6M | 11M |
| Operating expenses | 4.7M | 2.8M | 17M | 24M |
| Operating income | -1.6M | -2.3M | -17M | -24M |
| Operating margin | -53.7% | -454.1% | -30.4K% | — |
| Non-operating income, net | 359K | -397.6K | 6.4M | 5M |
| Pretax income | -1.3M | -2.7M | -11.2M | -19.2M |
| Income tax | — | — | — | 18K |
| Net income | -1.3M | -2.7M | -11.2M | -19.2M |
| Net margin | -41.6% | -536.4% | -20K% | — |
| EBITDA | -1.6M | -2.2M | -23.6M | -23.9M |
| EPS | -0.58 | -1.23 | -1.51 | -1.91 |
| Diluted EPS | -0.58 | -1.23 | -1.51 | -1.91 |
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 | 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 | -14K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 479K | 603K | 1.1M | 1.6M | 2.4M | 2.4M | 3M | 3.2M | 3.7M | 3.4M | 3.2M | 3.8M |
| Selling, general & administrative | 473K | 889K | 1.2M | 2.3M | 2.9M | 3.2M | 2.9M | 2.5M | 2.7M | 2.8M | 3.1M | 3M |
| Operating expenses | 945K | 1.5M | 2.3M | 3.9M | 5.3M | 5.5M | 5.9M | 5.6M | 6.4M | 6.2M | 6.3M | 6.8M |
| Operating income | -945K | -1.5M | -2.3M | -3.9M | -5.3M | -5.5M | -5.9M | -5.6M | -6.4M | -6.2M | -6.3M | -6.8M |
| Operating margin | — | — | — | — | — | 39.6K% | — | — | — | — | — | — |
| Non-operating income, net | 1.9M | 3.3M | -7M | 9.3M | 6.7M | 2.8M | 1M | -888K | 1.8M | 3.1M | -422K | 631K |
| Pretax income | 808K | 1.8M | -9.4M | 5.2M | 1.4M | -2.8M | -4.8M | -6.5M | -4.6M | -3.3M | -6.9M | -6.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — | 7K | — |
| Net income | 808K | 1.8M | -9.4M | 5.2M | 1.4M | -2.8M | -4.8M | -6.5M | -4.6M | -3.3M | -6.9M | -6.4M |
| Net margin | — | — | — | — | — | 19.7K% | — | — | — | — | — | — |
| EBITDA | -928K | -1.3M | -9.3M | -3.8M | -5.2M | -5.5M | -5.8M | -5.5M | -6.3M | -6.3M | -6.8M | -6.2M |
| EPS | 0.37 | 0.8 | -3.38 | 0.61 | 0.16 | — | -0.49 | -0.66 | -0.45 | — | -0.58 | -0.55 |
| Diluted EPS | 0.11 | 0.23 | -3.38 | 0.51 | 0.13 | — | -0.49 | -0.66 | -0.45 | — | -0.58 | -0.55 |
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 | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 51.1M |
| Enterprise value | — | — | — | — | 33.8M |
| Shares outstanding | 2.2M | 2.2M | 7.4M | 10.2M | 10.2M |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | 1.58 |
| P/B | — | — | — | — | 2.84 |
| EV/EBITDA | — | — | — | — | -1.32 |
| Earnings yield | — | — | — | — | 63.2% |
| FCF yield | — | — | — | — | -24.2% |
| PEG | — | — | — | — | -0.09 |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Operating margin | -53.7% | -454.1% | -30.4K% | — | 0% |
| Net margin | -41.6% | -536.4% | -20K% | — | 0% |
| ROE | 3.6% | 7.1% | -2.2K% | 51.9K% | -207.9% |
| ROA | -68.6% | -312.6% | -166.7% | -276.4% | -92.3% |
| ROIC | — | — | — | 1.4K% | 1.4K% |
| Return on tangible assets | -68.6% | -312.6% | -166.7% | -276.4% | -82.1% |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 3.58 | 1.25 | 2.4 | 1.71 | 6.65 |
| Quick ratio | 3.58 | 1.25 | 2.4 | 1.71 | 6.65 |
| Debt / equity | -0.01 | -0.05 | 0.53 | -84.9 | 0.2 |
| Debt / assets | 0.22 | 2.11 | 0.04 | 0.45 | 0.12 |
| Net debt / EBITDA | 0.58 | -0.58 | 0.14 | 0.07 | 0.77 |
| Interest coverage | -407.8 | -167.9 | -20.3 | -89.1 | -34.5 |
| Effective tax rate | — | — | — | 0% | 0% |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | 1.4 | 0.23 | 0.01 | 0 | 0 |
| EPS (basic) | -0.58 | -1.23 | -1.51 | -1.91 | -1.91 |
| EPS (diluted) | -0.58 | -1.23 | -1.51 | -1.91 | -1.87 |
| Book value per share | -16.1 | -17.4 | 0.07 | -0 | 0.74 |
| FCF per share | -1.08 | -0.96 | -2.33 | -1.77 | -1.29 |
| Cash per share | 0.6 | 0.24 | 0.5 | 0.47 | 0.91 |
| Capex per share | 0.05 | 0 | 0 | — | — |
| Metric | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 3.57% | 1.94% | 39.3% | — | — |
| Capex / operating cash flow | -5.39% | -0.39% | -0.23% | — | — |
| Payout ratio | — | — | — | — | 0% |
| Revenue | $0 | $0 | $0 | $0 | $0 | -$14K | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | — | 0% | 0% | 0% | — | 0% | 0% | 0% | +100% | 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 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 1.3M | 532.2K | 3.7M | 4.8M |
| Receivables | 1.1K | 0 | — | — |
| Inventory | — | — | — | — |
| Total current assets | 1.3M | 548.6K | 5.7M | 6.1M |
| Property, plant & equipment | 514.2K | 309.5K | 1M | 842K |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 1.8M | 858K | 6.7M | 7M |
| Accounts payable | 145.5K | 143.3K | 744K | 1.9M |
| Short-term debt | 211.8K | 128.4K | — | — |
| Total current liabilities | 371.5K | 437.7K | 2.4M | 3.6M |
| Long-term debt | 186.4K | 1.7M | 268K | 3.1M |
| Total liabilities | 37M | 38.6M | 6.2M | 7M |
| Shareholders' equity | -35.1M | -37.8M | 508K | -37K |
| Total debt | 398.2K | 1.8M | 268K | 3.1M |
| Net debt | 83.3K | 1.3M | -3.4M | 86K |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 8.7M | 8.7M | 6.1M | 3.2M | 3.7M | 4.3M | 6M | 10.3M | 4.8M | 24.5M | 23M |
| Receivables | — | 65K | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 8.7M | 8.9M | 8.9M | 5.4M | 5.7M | 5.8M | 8M | 11.5M | 6.1M | 26.5M | 25M |
| Property, plant & equipment | 1M | 1.3M | 1.2M | 1.1M | 1M | 977K | 950K | 892K | 842K | 800K | 759K |
| Goodwill & intangibles | — | 1.1M | 1.1M | 1M | — | — | — | — | — | — | — |
| Total assets | 9.7M | 10.9M | 10.7M | 7.4M | 6.7M | 6.7M | 8.9M | 12.4M | 7M | 27.3M | 25.8M |
| Accounts payable | 360.3K | 2.6M | 1.2M | 1.7M | 744K | 1.2M | 1.7M | 2.7M | 1.9M | 2.8M | 1.9M |
| Short-term debt | 7.8M | 10M | 10.7M | 10.5M | — | — | — | 2.9M | — | — | — |
| Total current liabilities | 8.6M | 14.1M | 12.6M | 13.5M | 2.4M | 2.4M | 3.6M | 8.8M | 3.6M | 6.3M | 3.8M |
| Long-term debt | 388.3K | 1.1M | 1.1M | 1M | 268K | 227K | 185K | 148K | 3.1M | 3.2M | 3.2M |
| Total liabilities | 45M | 15.2M | 27.1M | 21.3M | 6.2M | 5.2M | 7.3M | 10.8M | 7M | 9.7M | 7.1M |
| Shareholders' equity | -35.3M | -4.3M | -16.4M | -13.8M | 508K | 1.6M | 1.6M | 1.6M | -37K | 17.6M | 18.7M |
| Total debt | 8.2M | 11.1M | 11.7M | 11.5M | 268K | 227K | 185K | 3M | 3.1M | 3.2M | 3.2M |
| Net debt | -528.8K | 2.4M | 5.6M | 8.3M | -3.4M | -4M | -5.9M | -5.6M | 86K | -21.4M | -19.8M |
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 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -1.3M | -2.7M | -11.2M | -19.2M |
| Depreciation & amortization | 33.4K | 61.3K | 194K | 73K |
| Stock-based compensation | 82.9K | 7.1K | 2.6M | 3.8M |
| Change in working capital | -740.2K | -11.7K | -1.8M | 1M |
| Operating cash flow | -2M | -2.5M | -9.5M | -18M |
| Capital expenditure | -108.4K | -9.7K | -22K | — |
| Investing cash flow | 823.3K | 980.9K | -22K | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 1.1M | 1.3M | 8.2M | 17.4M |
| Net change in cash | -110.2K | -184.2K | -1.3M | -558K |
| Free cash flow | -2.4M | -2.1M | -17.2M | -18M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 808K | 1.8M | -9.4M | 5.2M | 1.4M | -2.8M | -4.8M | -6.5M | -4.6M | -3.3M | -6.9M | -6.4M |
| Depreciation & amortization | 17K | 54K | 25K | 57K | 56K | 56K | 17K | 16K | 16K | 24K | 18K | 18K |
| Stock-based compensation | 23K | 0 | 53K | 458K | 1.1M | 988K | 956K | 890K | 999K | 948K | 1.1M | 1.1M |
| Change in working capital | -91K | 291K | 592K | -1.7M | 535K | -983K | 385K | 841K | 813K | -1M | 846K | -1M |
| Operating cash flow | 801K | 2.5M | -8.7M | 4.2M | 3.1M | -2.6M | -3.4M | -3.8M | -3.9M | -6M | -4.6M | -6.7M |
| Capital expenditure | -315K | -119K | -14K | 0 | -3K | -5K | 0 | — | — | — | — | — |
| Investing cash flow | -315K | -119K | -14K | 0 | -3K | -5K | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -12K | -12K | 2.7M | 379K | 0 | 109K | 4.9M | 5.6M | 6.4M | 476K | 26M | 5.2M |
| Net change in cash | 474K | 2.4M | -6M | 4.6M | 3.1M | -2.5M | 1.5M | 1.8M | 2.6M | -5.6M | 21.5M | -1.5M |
| Free cash flow | -1.2M | -1.1M | -1.6M | -8M | -3M | -4.6M | -4.3M | -3.8M | -3.9M | -6M | -4.6M | -6.7M |