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 22 | -$0.21 | -$0.2 | +4.8% | — | $0 | — |
| Q3 22 | -$0.16 | -$0.41 | -156.2% | — | $0 | — |
| Q2 22 | -$0.22 | -$0.36 | -63.6% | — | $0 | — |
| Q1 22 | -$0.04 | -$0.29 | -625.0% | — | $0 | — |
| Q4 21 | -$0.11 | -$0.52 | -372.7% | — | $0 | — |
| Q3 21 | -$0.18 | -$0.46 | -155.6% | — | $0 | — |
| Q2 21 | -$0.08 | -$0.46 | -475.0% | — | $0 | — |
| Q4 20 | -$0.28 | -$0.84 | -200.0% | — | $0 | — |
| Q3 20 | -$0.12 | -$0.4 | -233.3% | — | $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 | — | -$1.59 | — | — | $0 | — |
| FY24 | — | -$1.53 | — | — | $0 | — |
| FY23 | — | -$1.29 | — | — | — | — |
| FY22 | — | -$1.26 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| YoY change | 0% | 0% | 0% | 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.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Cost of revenue | 34.6K | 99K | 176.1K | 376.5K | 377K | 320K | 289K | 392K | 859K | 821K |
| Gross profit | -34.6K | -99K | -176.1K | -376.5K | -377K | -320K | -289K | -392K | -859K | -821K |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 486.3K | 60.4K | 62.9K | 27.7K | 0 | — | — | — | — | — |
| Selling, general & administrative | 4.8M | 3.3M | 3.8M | 4.2M | 8.8M | 22.1M | 20.6M | — | 27.2M | 49.1M |
| Operating expenses | 14.6M | 11.4M | 15.4M | 17.1M | 79.7M | 130.3M | 112.8M | 92.7M | 175.7M | 56.4M |
| Operating income | -14.7M | -11.5M | -15.6M | -17.5M | -80M | -130.6M | -113M | — | -176.5M | -57.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 1.1M | 1.5M | 71.4K | -9.5M | 19.3M | 12.8M | 23.8M | — | 21.6M | -122.5M |
| Pretax income | -13.6M | -10M | -15.5M | -27.1M | -60.3M | -117.6M | -88.9M | — | -151.9M | -179.4M |
| Income tax | — | — | — | — | — | — | — | — | 0 | 3.5M |
| Net income | -13.6M | -10M | -15.5M | -27.1M | -60.3M | -117.6M | -88.9M | — | -151.9M | -182.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -14.6M | -9.9M | -14.4M | -15.2M | -87.6M | -128.6M | -121.6M | -112.9M | -176M | -41M |
| EPS | -1.32 | -0.64 | -0.72 | -1 | -1.43 | -1.97 | -1.26 | -1.29 | -1.53 | -1.59 |
| Diluted EPS | -1.32 | -0.64 | -0.72 | -1 | -1.43 | -1.97 | -1.26 | -1.29 | -1.53 | -1.59 |
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 | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 72K | 178K | 228K | 159.2K | 146K | 206K | 205K | 206K | 205K | 205K | 205K | 206K |
| Gross profit | -72K | -178K | -228K | -159.2K | -146K | -206K | -205K | -206K | -205K | -205K | -205K | -206K |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 5.2M | — | 6.4M | 3.8M | 4.8M | 8.6M | 8.7M | 13.5M | 12M | 14.9M | 20.6M | 22.4M |
| Operating expenses | 43.5M | 28.2M | 27M | 23.8M | 42.1M | 56.6M | 10.4M | 15.1M | 14.8M | 16M | 21.7M | 24.4M |
| Operating income | -43.6M | — | -27.2M | -23.9M | -42.2M | -56.8M | -10.6M | -15.3M | -15M | -16.2M | -21.9M | -24.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 2.9M | — | -1.2M | -1.9M | -19M | 51.9M | -22.6M | -21.9M | -21.6M | -56.3M | -77.3M | 2.3M |
| Pretax income | -39.8M | — | -27.4M | -25.3M | -60.4M | -4.6M | -33.5M | -37.3M | -36.8M | -71.8M | -104.5M | -35.2M |
| Income tax | — | — | — | — | — | — | 4.7M | -1.3M | 0 | 0 | 0 | 0 |
| Net income | -39.8M | — | -27.4M | -25.3M | -60.4M | -4.6M | -38.2M | -36M | -36.8M | -71.8M | -104.5M | -35.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -43.2M | -33.8M | -24.9M | -22M | -12.9M | -100.9M | -3.9M | -9.5M | -13.5M | -14.1M | -21.1M | -23.2M |
| EPS | -0.45 | — | -0.3 | -0.38 | -0.8 | — | -0.36 | -0.31 | -0.32 | — | -0.86 | -0.28 |
| Diluted EPS | -0.45 | — | -0.3 | -0.38 | -0.8 | — | -0.36 | -0.31 | -0.32 | — | -0.86 | -0.28 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | — | — | 3.7B |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | 3.3B |
| Shares outstanding | 14.7M | 22M | 31.4M | 38.3M | 59.9M | 84.9M | 99.8M | 120.2M | 99.1M | 115.2M | 115.2M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -18.8 |
| P/B | — | — | — | — | — | — | — | — | — | — | 31 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | -62.1 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -5.32% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -16.2% |
| PEG | — | — | — | — | — | — | — | — | — | — | 1.94 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -66.8% | -45.3% | -83.6% | -233.3% | -55.4% | -95.2% | -64.8% | — | -167.7% | -114.9% | -175.2% |
| ROA | -60.8% | -38.8% | -63.2% | -110.9% | -43.8% | -75.9% | -52.9% | — | -55.4% | -23.7% | -4.1% |
| ROIC | — | — | — | — | — | — | — | — | -2.8K% | -81% | -6.8% |
| Return on tangible assets | -60.8% | -38.8% | -63.2% | -110.9% | -43.8% | -75.9% | -52.9% | — | -55.4% | -23.7% | -12.9% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.27 | 0.98 | 1.76 | 2.27 | 1.86 | 2.13 | 2.4 | — | 1.44 | 1.82 | 3.15 |
| Quick ratio | 2.27 | 0.98 | 1.76 | 2.27 | 1.86 | 2.13 | 2.4 | — | 1.44 | 1.82 | 3.15 |
| Debt / equity | — | — | — | 0.13 | 0.02 | 0.01 | 0.03 | — | 0.15 | 0.4 | 6.57 |
| Debt / assets | — | — | — | 0.06 | 0.02 | 0.01 | 0.02 | — | 0.05 | 0.08 | 0.59 |
| Net debt / EBITDA | — | — | — | 0.77 | 0.4 | 0.31 | 0.33 | — | 0.48 | 2.16 | -13.5 |
| Interest coverage | — | — | -5.4K | -200.1 | — | — | — | — | — | -64.6 | -10.8 |
| Effective tax rate | — | — | — | — | — | — | — | — | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 |
| EPS (basic) | -1.32 | -0.64 | -0.72 | -1 | -1.43 | -1.97 | -1.26 | -1.29 | -1.53 | -1.59 | -1.59 |
| EPS (diluted) | -1.32 | -0.64 | -0.72 | -1 | -1.43 | -1.97 | -1.26 | -1.29 | -1.53 | -1.59 | -1.38 |
| Book value per share | 1.38 | 1.01 | 0.59 | 0.3 | 1.82 | 1.46 | 1.38 | — | 0.91 | 1.38 | 0.96 |
| FCF per share | -0.84 | -0.54 | -0.49 | -0.28 | -1.2 | -1.6 | -1.12 | — | -1.32 | -3.05 | -3.67 |
| Cash per share | 0.18 | 0.05 | 0.03 | 0.34 | 0.63 | 0.48 | 0.43 | — | 0.99 | 1.32 | 1.19 |
| Capex per share | 0.01 | 0.04 | 0.08 | 0 | 0.03 | 0.13 | 0.18 | — | 0.03 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -1.25% | -7.69% | -15.7% | -0.71% | -3.02% | -9.61% | -20.9% | — | -1.87% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% | 0% | 0% |
| FY21 | — | -$1.97 | — | — | $0 | — |
| FY20 | — | -$1.43 | — | — | $0 | — |
| FY19 | — | -$1 | — | — | $0 | — |
| FY18 | — | -$0.72 | — | — | $0 | — |
| FY17 | — | -$0.64 | — | — | $0 | — |
| FY16 | — | -$1.32 | — | — | $0 | — |
| 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 | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 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 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.6M | 2.6M | 1M | 1.1M | 13.1M | 37.8M | 41.2M | 43.1M | 97.9M | 151.6M |
| Receivables | 375.8K | 738.9K | 1.3M | — | — | — | — | — | — | 5.5M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 4M | 3.6M | 2.5M | 4.8M | 19M | 41.7M | 54.2M | 50.2M | 100.9M | 159M |
| Property, plant & equipment | 72.9K | 196.6K | 672.8K | 634K | 1.9M | 90.5M | 81.7M | 98M | 87.2M | 407.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 12.8M | 22.3M | 25.8M | 24.6M | 24.4M | 137.8M | 155M | 168M | 274.4M | 770.2M |
| Accounts payable | 543.2K | — | — | — | — | — | — | — | — | — |
| Short-term debt | 1.5M | — | — | — | 307.5K | 1.3M | 494K | 545K | 6.3M | 15.8M |
| Total current liabilities | 2.4M | 1.6M | 2.6M | 2.7M | 8.4M | 22.4M | 25.4M | 20.9M | 70M | 87.5M |
| Long-term debt | — | — | — | — | 1.2M | 1.3M | 818K | 3M | 7.2M | 47.3M |
| Total liabilities | 2.4M | 2M | 3.7M | 6M | 12.8M | 28.9M | 31.4M | 30.8M | 183.8M | 611.1M |
| Shareholders' equity | 10.4M | 20.3M | 22.1M | 18.6M | 11.6M | 109M | 123.5M | 137.2M | 90.6M | 159.1M |
| Total debt | 1.5M | — | — | — | 1.5M | 2.6M | 1.3M | 3.6M | 13.5M | 63.1M |
| Net debt | -2.1M | — | — | — | -11.7M | -35.2M | -39M | -37M | -83.4M | -58.8M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 75.2M | 40M | 60.4M | 92.8M | 61.3M | 97.9M | 109.7M | 108.5M | 153M | 151.6M | 43.4M | 149M |
| Receivables | 4.9M | 5.1M | 2.4M | 1.2M | 1.8M | — | 1.6M | 5.2M | 9.6M | 5.5M | 6.6M | 7.6M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 82.3M | 47.5M | 64.2M | 95.4M | 65.3M | 100.9M | 112.6M | 114.4M | 163.6M | 159M | 54.3M | 612.2M |
| Property, plant & equipment | — | — | — | — | — | 87.2M | 98.2M | 186M | 308.9M | 407.1M | 487.7M | 617.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 203.2M | 184.6M | 167.6M | 179.8M | 161.7M | 274.4M | 334.2M | 453.3M | 647.2M | 770.2M | 1.1B | 1.9B |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 569K | 658K | 1.2M | 6.6M | 6.9M | 6.3M | 4.7M | 5.8M | 13.8M | 15.8M | 16.5M | 106.7M |
| Total current liabilities | 16.9M | 35.2M | 20.7M | 33.2M | 35M | 70M | 43.3M | 65.5M | 79.1M | 87.5M | 110.9M | 194.1M |
| Long-term debt | 2.7M | 2.5M | 32.2M | 6M | 5.5M | 7.2M | 11.6M | 36.5M | 47.9M | 47.3M | 48.5M | 1B |
| Total liabilities | 25.8M | 44.2M | 66.1M | 56.7M | 97.3M | 183.8M | 198.7M | 340.7M | 561.9M | 611.1M | 951.6M | 1.7B |
| Shareholders' equity | 177.3M | 140.4M | 101.5M | 123.1M | 64.4M | 90.6M | 135.5M | 112.6M | 85.3M | 159.1M | 180.3M | 170.8M |
| Total debt | 3.3M | 3.2M | 33.4M | 12.6M | 12.4M | 13.5M | 16.2M | 42.3M | 61.7M | 63.1M | 65M | 1.1B |
| Net debt | -70.1M | -34.8M | -25.7M | -79.5M | -48M | -83.4M | -81.7M | -52.1M | -46.5M | -58.8M | 39.4M | 987.6M |
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 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -7.1M | -13.6M | -10M | -15.5M | -27.1M | -60.3M | -117.6M | -88.9M | -151.9M | -182.8M |
| Depreciation & amortization | 9K | 34.6K | 99K | 176.1K | 376.5K | 613K | 2M | 1.9M | 8.2M | 1.2M |
| Stock-based compensation | 64.7K | 2.7M | 689.1K | 1.6M | 2.5M | 4.9M | 14.1M | 11M | 13.1M | 24.9M |
| Change in working capital | -308.5K | -361.5K | -578K | -936.7K | 1.4M | -1.3M | -4.5M | 1.8M | 1.2M | -4.3M |
| Operating cash flow | -8.9M | -12.2M | -11.3M | -15.7M | -24.6M | -67.1M | -118.6M | -87.4M | -145M | -57.3M |
| Capital expenditure | -603.3K | -152.8K | -868.1K | 2.5M | 175.4K | 2M | -11.4M | 18.3M | -2.7M | — |
| Investing cash flow | -876.3K | -737.6K | -2.5M | 3.2M | 388.4K | 2.1M | -13.5M | 21.3M | -23.8M | -38.7M |
| Dividends paid | — | — | — | — | — | — | — | — | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 13.5M | 9.4M | 11.8M | 12M | 22.1M | 82.4M | 132.2M | 49.4M | 154.6M | 407.4M |
| Net change in cash | 3.7M | -3.5M | -2M | -502.2K | -2.1M | 17.4M | -3K | -16.7M | -14.1M | 311.5M |
| Free cash flow | -9.3M | -12.4M | -11.8M | -15.3M | -10.8M | -71.9M | -135.8M | -112.2M | -130.6M | -351.9M |
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 | -19.5M | -39.8M | -27.4M | -25.3M | -60.4M | -4.6M | -38.2M | -36M | -36.8M | -71.8M | -104.5M | -35.2M |
| Depreciation & amortization | 510K | 549K | 752K | 1.2M | 1.9M | 3.1M | 420K | 290K | 272K | 262K | 253K | 256K |
| Stock-based compensation | 3.3M | 2.9M | 4.1M | 1.2M | 2.8M | 3.4M | 4.4M | 8M | 6.5M | 6.1M | 12.1M | 10M |
| Change in working capital | 1.3M | -386K | 1.7M | -558K | -1.1M | 1.3M | 238K | -3.6M | -4.3M | 3.4M | -1M | -749K |
| Operating cash flow | -15.1M | -39.4M | -19.8M | -21.9M | -64.5M | -1.9M | -33.2M | -1.7M | -17.8M | -784K | -15.2M | -15.1M |
| Capital expenditure | -2.1M | -3M | -1.7M | -460.3K | -33.5K | -607K | -29M | — | — | — | — | — |
| Investing cash flow | -3.1M | -14.1M | -8.4M | -2.5M | -3.5M | -7.1M | -43.9M | -3.1M | -11.4M | -9.1M | -4.8M | -258.7M |
| Dividends paid | — | — | — | — | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 69.4M | -345K | -555K | 68M | 1.3M | 59.4M | 80.2M | 62.7M | 133.3M | 338.1M | -7.3M | 503M |
| Net change in cash | 51.2M | -53.8M | -28.7M | 43.6M | -66.7M | 50.5M | 3.1M | 57.9M | 104.2M | 328.2M | -27.3M | 229.3M |
| Free cash flow | -16.7M | -24M | -24.9M | -16.3M | -29.2M | -42.4M | -66M | -66.3M | -109.8M | -110M | -87.4M | -146.4M |