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 | -$0.34 | -$0.39 | -14.7% | — | $0 | — |
| Q2 26 | -$0.36 | -$0.27 | +25.0% | — | $0 | — |
| Q1 26 | -$0.29 | -$0.36 | -24.1% | — | $0 | — |
| Q4 25 | -$0.28 | -$0.6 | -114.3% | — | $0 | — |
| Q3 25 | -$0.37 | -$0.32 | +13.5% | — | $0 | — |
| Q2 25 | -$0.34 | -$0.35 | -2.9% | — | $0 | — |
| Q1 25 | -$0.43 | -$0.42 | +2.3% | — | $0 | — |
| Q4 24 | -$0.72 | -$0.56 | +22.2% | — | $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 | — | -$2.47 | — | — | $0 | — |
| FY24 | — | -$2.32 | — | — | $0 | — |
| FY23 | — | -$5.29 | — | — | $0 | — |
| FY22 | — | -$0.01 | — | — | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | — | $0 | $0 | $0 |
| YoY change | — | — | 0% | 0% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 |
| Cost of revenue | — | 118.3K | 120.4K | 85.9K |
| Gross profit | — | -118.3K | -120.4K | -85.9K |
| Gross margin | — | — | — | — |
| Research & development | — | — | — | 6M |
| Selling, general & administrative | 3M | 10.1M | 17.3M | 21.7M |
| Operating expenses | 4.7M | 12.2M | 20.4M | 32.9M |
| Operating income | -4.9M | -12.3M | -20.5M | -33M |
| Operating margin | — | — | — | — |
| Non-operating income, net | 260K | -8.1M | -4.1M | -8.2M |
| Pretax income | -4.7M | -20.4M | -23.9M | -39.6M |
| Income tax | 0 | 0 | — | — |
| Net income | -4.7M | -20.4M | -23.9M | -39.6M |
| Net margin | — | — | — | — |
| EBITDA | -4.7M | -4.4M | -16.5M | -24M |
| EPS | -0.01 | -5.29 | -2.32 | -2.47 |
| Diluted EPS | -0.01 | -5.29 | -2.32 | -2.47 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 29K | 29.1K | 30.5K | 30.7K | 30.7K | 23.2K | 1.3K | 2K | 2K | 2K |
| Gross profit | -29K | -29.1K | -30.5K | -30.7K | -30.7K | -23.2K | -1.3K | -2K | -2K | -2K |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | 0 | — | — | 3.2M | 2M | 824.5K | 191K | 136K | 31K |
| Selling, general & administrative | 3.2M | 4M | 6.4M | 5.3M | 4.1M | 5.3M | 7M | 5.4M | 5.9M | 6.7M |
| Operating expenses | 4.3M | 6.7M | 5.9M | 6.6M | 9M | 8.8M | 8.5M | 8.2M | 7.8M | 8.4M |
| Operating income | -4.3M | -6.7M | -5.9M | -6.6M | -9.1M | -8.8M | -8.5M | -8.2M | -7.8M | -8.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 480.1K | -978.9K | -4.2M | -949.5K | -7.1M | 577K | -671.9K | -551K | 8K | -2.9M |
| Pretax income | -3.8M | -7.5M | -9.9M | -6.8M | -15.5M | -8.2M | -9.2M | -9.1M | -7.6M | -10.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -3.8M | -7.5M | -9.9M | -6.8M | -15.5M | -8.2M | -9.2M | -9.1M | -7.6M | -10.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -4.9M | -5.8M | -1.6M | -5.9M | -1.9M | -8.9M | -7.3M | -7.7M | -7.8M | -5.5M |
| EPS | -0.38 | -0.69 | — | -0.42 | -0.99 | -0.45 | — | -0.46 | -0.32 | -0.41 |
| Diluted EPS | -0.38 | -0.69 | — | -0.42 | -0.99 | -0.45 | — | -0.46 | -0.32 | -0.41 |
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 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 943.1M |
| Enterprise value | — | — | — | — | 1.5B |
| Shares outstanding | 724.1M | 6.1M | 9.5M | 14.9M | 14.9M |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | -13.6 |
| P/B | — | — | — | — | 1.83 |
| EV/EBITDA | — | — | — | — | -48 |
| Earnings yield | — | — | — | — | -7.38% |
| FCF yield | — | — | — | — | -12.2% |
| PEG | — | — | — | — | 1.63 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 0% |
| Net margin | — | — | — | — | 0% |
| ROE | -8.4% | -20% | -7.75% | -10.2% | -4.49% |
| ROA | -8.06% | -17.6% | -6.65% | -8.87% | -2.54% |
| ROIC | -11% | -12.6% | — | — | — |
| Return on tangible assets | -8.11% | -17.7% | -6.65% | -8.87% | -5.42% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 6.66 | 1.15 | 3.48 | 1.55 | 2.61 |
| Quick ratio | 6.66 | 1.15 | 3.48 | 1.55 | 2 |
| Debt / equity | 0.01 | 0 | 0.09 | 0.07 | 0.09 |
| Debt / assets | 0.01 | 0 | 0.08 | 0.06 | 0.11 |
| Net debt / EBITDA | 2.37 | 0.87 | 2.85 | 0.54 | 0.62 |
| Interest coverage | -110.1 | -85.9 | — | — | — |
| Effective tax rate | 0% | 0% | — | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.01 | -5.29 | -2.32 | -2.47 | -2.47 |
| EPS (diluted) | -0.01 | -5.29 | -2.32 | -2.47 | -1.83 |
| Book value per share | 0.08 | 16.8 | 32.6 | 26.1 | 19.2 |
| FCF per share | -0.02 | -13.2 | -7.95 | -9.35 | -7.1 |
| Cash per share | 0.02 | 0.67 | 7.91 | 2.64 | 5.26 |
| Capex per share | 0.01 | 11.6 | 6.69 | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / operating cash flow | — | -225.8% | -285.2% | — | — |
| Payout ratio | — | — | — | — | 0% |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| YoY change | — | — | — | 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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 11.7M | 4.1M | 74.7M | 39.4M |
| Receivables | — | 0 | 10.3M | 8.2M |
| Inventory | — | — | — | — |
| Total current assets | 13.4M | 10.8M | 97.3M | 56.7M |
| Property, plant & equipment | 66M | 245.4M | 20.8M | 16.6M |
| Goodwill & intangibles | 378.1K | 363.8K | — | — |
| Total assets | 58.5M | 115.9M | 358.6M | 446.5M |
| Accounts payable | 372.8K | 2.7M | 6.6M | 5.7M |
| Short-term debt | 170.5K | 178.1K | 13.2M | 15.7M |
| Total current liabilities | 2M | 9.4M | 28M | 36.6M |
| Long-term debt | 315.6K | 126K | 14.7M | 10.7M |
| Total liabilities | 2.4M | 14.1M | 51M | 57M |
| Shareholders' equity | 56.1M | 101.8M | 307.7M | 389.5M |
| Total debt | 486K | 304.1K | 27.9M | 26.4M |
| Net debt | -11.2M | -3.8M | -46.9M | -13M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 33.2M | 74.7M | 74M | 59.4M | 25.6M | 39.4M | 39.6M | 83.4M | 88.2M |
| Receivables | 8.3M | 10.3M | 3.1M | 3.6M | 7.6M | 8.2M | 1.8M | 1.3M | 3.9M |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 50.4M | 97.3M | 90M | 67.3M | 37.9M | 56.7M | 46.5M | 106.4M | 118.1M |
| Property, plant & equipment | 674.3M | 20.8M | 18.2M | 15.9M | 19.1M | 16.6M | 14.5M | 17.7M | 15.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 284.5M | 358.6M | 381.2M | 362.9M | 381.5M | 446.5M | 484.2M | 600.6M | 672.1M |
| Accounts payable | 21.5M | 6.6M | 7.2M | 11.2M | 4M | 5.7M | 4.5M | 3.5M | 17.5M |
| Short-term debt | — | 13.2M | 18.6M | 15.5M | 14M | 15.7M | 17.3M | 14.5M | 16.3M |
| Total current liabilities | 37.1M | 28M | 34.7M | 38.1M | 34.4M | 36.6M | 50.3M | 53M | 59.1M |
| Long-term debt | — | 14.7M | 10.3M | 7.2M | 12.9M | 10.7M | 8.4M | 45.6M | 54.5M |
| Total liabilities | 56.2M | 51M | 54.2M | 53.9M | 56.2M | 57M | 68.8M | 109.8M | 125.5M |
| Shareholders' equity | 228.2M | 307.7M | 327M | 309M | 325.3M | 389.5M | 415.4M | 490.8M | 546.6M |
| Total debt | — | 27.9M | 28.9M | 22.7M | 26.9M | 26.4M | 25.6M | 60.1M | 70.8M |
| Net debt | — | -46.9M | -45.2M | -36.8M | 1.2M | -13M | -13.9M | -23.3M | -17.4M |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | — | -32.2M | -23.9M | -39.6M |
| Depreciation & amortization | — | 118.3K | 120.4K | 85.9K |
| Stock-based compensation | — | 908.9K | 555.5K | 4.4M |
| Change in working capital | — | -572.9K | 70.7K | -1.3M |
| Operating cash flow | — | -31.1M | -22.2M | -29.6M |
| Capital expenditure | -6.6M | -70.3M | -63.3M | — |
| Investing cash flow | -34.5M | -68.1M | -63.3M | 6.2M |
| Dividends paid | — | — | — | — |
| Share repurchases | -1.5M | -2.6M | -14M | — |
| Financing cash flow | 12.2M | 64.7M | 132.4M | 101.1M |
| Net change in cash | -22.3M | -34.5M | 47M | 77.6M |
| Free cash flow | -11.5M | -80M | -75.1M | -139.8M |
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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | — | — | -3.8M | -7.5M | -9.9M | -6.8M | -15.5M | -8.2M | -9.2M | -9.1M | -7.6M | -10.6M |
| Depreciation & amortization | — | — | 29K | 29.1K | 30.5K | 30.7K | 30.4K | 23.6K | 1.3K | 2K | 1K | 2K |
| Stock-based compensation | — | — | 268.4K | -798 | 125.9K | 1.1M | 705.4K | 1.2M | 1.3M | 215K | 1.3M | 1.1M |
| Change in working capital | — | — | 238.9K | -3.2M | -272.8K | 888.3K | -872.1K | -599.1K | -725.3K | -4.5M | 5.3M | -3.6M |
| Operating cash flow | — | — | -3M | -10.5M | -9.8M | -4.4M | -9.4M | -7.1M | -6.4M | -13.8M | -707K | -12.5M |
| Capital expenditure | — | — | -18.9M | -8.2M | -19M | -14.9M | -34M | -36.9M | — | — | — | — |
| Investing cash flow | -17.4M | -10.6M | -33.1M | -21.4M | -19M | -14.5M | -20.2M | -36.9M | -8M | — | — | -1.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -313.6K | 561.3K | 34.4M | 31.6M | 70.2M | 16.7M | 14.6M | 17M | 52.7M | 37.9M | 63.1M | 60.6M |
| Net change in cash | -17.7M | -10.1M | -1.7M | -352.9K | 41.4M | -2.2M | -15M | -27M | 38.3M | 24.1M | 62.3M | 46.8M |
| Free cash flow | -3.9M | -2.1M | -22.2M | -15.3M | -20.4M | -19M | -38.7M | -51.2M | -30.7M | -41.3M | -34.9M | -55.2M |