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 | -$0.33 | -$0.02 | +93.9% | — | $0 | — |
| Q1 26 | -$0.44 | -$0.25 | +43.2% | — | $0 | — |
| Q4 25 | -$0.2 | -$3.72 | -1760.0% | — | $0 | — |
| Q3 25 | -$0.43 | -$0.39 | +9.3% | — | $0 | — |
| Q2 25 | -$0.35 | -$0.6 | -71.4% | — | $0 | — |
| Q3 24 | -$11.5 | -$11.5 | 0.0% | — | $0 | — |
| Q2 24 | -$13.7 | $5.34 | +139.0% | — | $0 | — |
| Q1 24 | -$22.3 | -$104.8 | -369.5% | — | $0 | — |
| Q4 23 | -$28.8 | -$51.1 | -77.5% | — | — | — |
| Q3 23 | -$38.2 | $82.8 | +317.0% | — | — | — |
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 | — | -$3.95 | — | — | $0 | — |
| FY24 | — | $77.7 | — | — | $0 | — |
| FY23 | — | — | — | — | — | — |
| FY22 | — | -$2.39 | — | — | $0 | — |
| FY21 | — | -$2.53 |
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 | $3.4M | $2.5M | $0 | $0 | — | $0 | $0 |
| YoY change | — | -25% | -100% | 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 23 | Q2 23 | Q1 24 | Q2 24 |
|---|
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 | 3.4M | 2.5M | 0 | 0 | — | 0 | 0 |
| Cost of revenue | 1K | 0 | — | — | — | — | — |
| Gross profit | 3.4M | 2.5M | — | — | — | — | — |
| Gross margin | 100% | 100% | — | — | — | — | — |
| Research & development | 4.8M | 7.3M | 25.7M | 34.8M | — | 14.2M | 4.1M |
| Selling, general & administrative | 46M | 11.6M | 11.2M | 13.7M | — | 13.6M | 12.2M |
| Operating expenses | 50.9M | 18.9M | 36.9M | 48.4M | — | 27.8M | 16.3M |
| Operating income | -48.4M | -16.4M | -36.9M | -48.4M | — | -27.8M | -16.3M |
| Operating margin | -1.4K% | -650.8% | — | — | — | — | — |
| Non-operating income, net | 200.8M | -16.5M | -18.8M | -4.1M | — | 69.8M | -22.9M |
| Pretax income | 145.7M | -32.9M | -55.6M | -52.6M | — | 42M | -39.2M |
| Income tax | -14.6M | 0 | 0 | 0 | — | 0 | 0 |
| Net income | 160.3M | -32.9M | -55.6M | -52.6M | — | 42M | -39.2M |
| Net margin | 4.8K% | -1.3K% | — | — | — | — | — |
| EBITDA | -50.4M | -22.1M | -7.9M | -48.4M | — | -97.5M | 7M |
| EPS | 11.7 | -1.85 | -2.53 | -2.39 | — | 77.7 | -3.95 |
| Diluted EPS | 11.7 | -1.85 | -2.53 | -2.39 | — | 72.9 | -3.95 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q2 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 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 9.2M | 9M | 5.7M | 4.4M | 972K | 3M | 825K | 1.1M | 597K | 1.6M | 2M | 2.9M |
| Selling, general & administrative | 3.8M | 4.9M | 4.6M | 3.3M | 3M | 2.6M | 3.1M | 3.3M | 1.9M | 3.9M | 3.9M | 3M |
| Operating expenses | 13M | 14M | 10.4M | 7.8M | 4M | 5.7M | 4M | 4.3M | 2.5M | 5.5M | 5.9M | 5.9M |
| Operating income | -13M | -14M | -10.4M | -7.8M | -4M | -5.7M | -4M | -4.3M | -2.5M | -5.5M | -5.9M | -5.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -4.6M | -1.4M | -107.6M | 171.9M | -2.2M | 7.7M | 13M | -2.3M | -2M | -31.6M | -5.9M | 4.8M |
| Pretax income | -17.6M | -15.4M | -118M | 164.1M | -6.2M | 2.1M | 9.1M | -6.6M | -4.5M | -37.1M | -11.8M | -1.2M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -17.6M | -15.4M | -118M | 164.1M | -6.2M | 2.1M | 9.1M | -6.6M | -4.5M | -37.1M | -11.8M | -1.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -13M | -13.9M | 97.2M | -177.8M | -1.8M | -13.4M | -92.5M | -1.9M | -435K | 26.2M | -32K | -10.6M |
| EPS | -0.8 | -0.56 | -228.2 | 303.8 | — | 3.76 | 2.28 | -0.6 | -0.39 | — | -0.29 | -0.02 |
| Diluted EPS | -0.8 | -0.56 | -228.2 | 303.8 | — | 3.75 | 2.28 | -0.6 | -0.39 | — | -0.29 | -0.02 |
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 | — | — | — | — | — | — | — | 13.1M |
| Enterprise value | — | — | — | — | — | — | — | 12.4M |
| Shares outstanding | 14.8M | 14.8M | 22M | 22M | 37.2M | 540.4K | 9.9M | 9.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 0.33 |
| P/B | — | — | — | — | — | — | — | -0.86 |
| EV/EBITDA | — | — | — | — | — | — | — | -0.63 |
| Earnings yield | — | — | — | — | — | — | — | 301.2% |
| FCF yield | — | — | — | — | — | — | — | -55% |
| PEG | — | — | — | — | — | — | — | -0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 100% | 100% | — | — | — | — | — | — |
| Operating margin | -1.4K% | -650.8% | — | — | — | — | — | 0% |
| Net margin | 4.8K% | -1.3K% | — | — | — | — | — | 0% |
| ROE | -243.4% | 16.2% | 24.9% | 19.4% | — | -147% | 71.3% | 71.3% |
| ROA | 140.2% | -155.1% | -864.5% | -487.6% | — | 1.3K% | -705.4% | -141.5% |
| ROIC | 32.8% | 10.8% | 26% | 32.6% | — | 178.1% | 73.1% | 124.2% |
| Return on tangible assets | 140.2% | -155.1% | -864.5% | -487.6% | — | 1.3K% | -705.4% | -924.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.41 | 4.85 | 0.25 | 0.12 | 0.48 | 0.11 | 0.49 | 0.54 |
| Quick ratio | 6.41 | 4.85 | 0.25 | 0.12 | 0.48 | 0.11 | 0.49 | 0.54 |
| Debt / equity | -0.45 | -0.36 | -0.39 | -0.49 | -0 | -0.45 | -0.65 | -0 |
| Debt / assets | 0.26 | 3.4 | 13.5 | 12.2 | 0.04 | 4.12 | 6.43 | 0.47 |
| Net debt / EBITDA | 1.62 | -2.35 | -10.3 | -2.52 | — | -0.13 | 4.69 | -0.04 |
| Interest coverage | 20.5 | -2.2K | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | — | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.23 | 0.17 | 0 | 0 | — | 0 | 0 | 0 |
| EPS (basic) | 11.7 | -1.85 | -2.53 | -2.39 | — | 77.7 | -3.95 | -3.95 |
| EPS (diluted) | 11.7 | -1.85 | -2.53 | -2.39 | — | 72.9 | -3.95 | -4.52 |
| Book value per share | -4.45 | -13.7 | -10.2 | -12.3 | -4.12 | -52.9 | -5.55 | -0.58 |
| FCF per share | -3.14 | -0.64 | -1.3 | -1.63 | — | -37.6 | -1.74 | -0.27 |
| Cash per share | 7.55 | 1.36 | 0.23 | 0.44 | 0.14 | 0.02 | 0.3 | 0.07 |
| Capex per share | — | — | 0.01 | 0.01 | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | -0.52% | -0.86% | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$1.85 | — | — | $2.5M | — |
| FY19 | — | $11.7 | — | — | $3.4M | — |
| 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 | $0 |
| YoY change | — | — | 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 111.7M | 20.2M | 5.1M | 9.7M | 5.2M | 13K | 3M |
| Receivables | 267K | 0 | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 112.1M | 20.4M | 5.2M | 9.8M | 6.2M | 1.6M | 3.4M |
| Property, plant & equipment | — | — | 922K | 431K | 332K | 235K | 162K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 114.4M | 21.2M | 6.4M | 10.8M | 6.8M | 3.1M | 5.6M |
| Accounts payable | 1M | 2M | 1.2M | 7.8M | 3.4M | 5.9M | 942K |
| Short-term debt | 14.8M | — | 15.6M | 71.1M | 278K | 121K | 252K |
| Total current liabilities | 17.5M | 4.2M | 20.8M | 82.6M | 13M | 14.1M | 6.9M |
| Long-term debt | 15.2M | 72.2M | 71.3M | 60.7M | 0 | 12.8M | 35.5M |
| Total liabilities | 180.2M | 224.4M | 230.3M | 281.2M | 159.9M | 31.7M | 60.6M |
| Shareholders' equity | -65.9M | -203.2M | -223.8M | -270.4M | -153M | -28.6M | -55M |
| Total debt | 30M | 72.2M | 86.9M | 131.8M | 278K | 13M | 35.7M |
| Net debt | 23.6M | 52M | 81.8M | 122M | -4.9M | 12.9M | 32.7M |
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 | Q4 22 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 9.7M | 1.6M | 3.4M | 537K | 13K | 10.4M | 8.4M | 5.9M | 3M | 6.2M | 3.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 9.8M | 2.5M | 4M | 2.4M | 1.6M | 12.3M | 10.3M | 7.4M | 3.4M | 6.6M | 4M |
| Property, plant & equipment | 431K | 307K | 282K | 258K | 235K | 220K | 1.4M | 1.3M | 162K | 142K | 123K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 10.8M | 3M | 5.7M | 4M | 3.1M | 13.8M | 11.7M | 8.7M | 5.6M | 8.6M | 5.9M |
| Accounts payable | 7.8M | 6.5M | 3M | 4.6M | 5.9M | 2.4M | 3.9M | 2.5M | 942K | 1.5M | 2.7M |
| Short-term debt | 71.1M | 205K | 134K | 128K | 121K | 197K | 242K | 247K | 252K | 258K | 263K |
| Total current liabilities | 82.6M | 16M | 10.4M | 10.7M | 14.1M | 8.6M | 9.1M | 8.2M | 6.9M | 6.7M | 7.3M |
| Long-term debt | 60.7M | 5.1M | 14.6M | 16.4M | 12.8M | 14.4M | 16.2M | 18M | 35.5M | 2.4M | 2.5M |
| Total liabilities | 281.2M | 201.4M | 33.7M | 36.1M | 31.7M | 25.1M | 27.5M | 28.6M | 60.6M | 25.4M | 21.3M |
| Shareholders' equity | -270.4M | -198.4M | -27.9M | -32.1M | -28.6M | -11.3M | -15.9M | -19.9M | -55M | -16.8M | -15.4M |
| Total debt | 131.8M | 5.3M | 14.7M | 16.5M | 13M | 14.6M | 16.4M | 18.3M | 35.7M | 2.6M | 2.8M |
| Net debt | 122M | 3.7M | 11.2M | 16M | 12.9M | 4.2M | 8M | 12.3M | 32.7M | -3.6M | -656K |
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | 160.3M | -32.9M | -55.6M | -52.6M | 42M | -39.2M |
| Depreciation & amortization | 1.3M | 0 | 3K | 68K | 97K | 78K |
| Stock-based compensation | 5.3M | 4.8M | 5.2M | 5.9M | 6.3M | 5.3M |
| Change in working capital | -3.8M | 519K | -924K | 6.4M | 2.6M | -5.9M |
| Operating cash flow | 163.4M | -22.1M | -32.8M | -35.7M | -52.7M | -17.3M |
| Capital expenditure | — | — | -170K | -306K | — | — |
| Investing cash flow | -115.6M | -1.3M | -170K | -306K | — | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | -64K | 0 | — | — | — | — |
| Financing cash flow | 73.2M | 24.6M | 13.6M | 40.5M | 15.1M | 20.3M |
| Net change in cash | 121M | 1.2M | -19.4M | 4.5M | -37.6M | 3M |
| Free cash flow | -46.4M | -9.5M | -28.6M | -35.9M | -20.3M | -17.3M |
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 | Q1 23 | Q2 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -17.6M | -15.4M | -118M | 164.1M | -6.2M | 2.1M | 9.1M | -6.6M | -4.5M | -37.1M | -11.8M | -1.2M |
| Depreciation & amortization | 25K | 23K | 25K | 24K | 25K | 23K | 19K | 20K | 19K | 20K | 19K | 20K |
| Stock-based compensation | 1.4M | 1.1M | 1.6M | 1.7M | 1.6M | 1.3M | 1.7M | 1.6M | 414K | 1.6M | 1.9M | 1.7M |
| Change in working capital | -3.5M | 2M | 3.2M | -3.4M | 1.6M | 1.3M | -3.5M | 1.5M | -1.4M | -2.5M | 610K | 1.2M |
| Operating cash flow | -15.1M | -10.8M | -49.3M | -635K | -1.1M | -1.7M | 5.5M | -2.1M | -2.6M | -4.7M | -2.6M | -3.7M |
| Capital expenditure | — | — | — | — | — | — | -4K | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | -4K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 6M | 8M | 5M | 10M | 0 | 97K | 18.3M | 84K | 84K | 0 | 5.9M | 886K |
| Net change in cash | -9.1M | -2.8M | -44.3M | 9.4M | -1.1M | -1.6M | 23.9M | -2M | -2.5M | -4.7M | 3.2M | -2.8M |
| Free cash flow | -11.1M | -10.1M | -8.6M | -8.1M | -3M | -621K | -7.9M | -2.1M | -2.6M | -4.7M | -2.6M | -3.7M |