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 | -$0.44 | $1.2 | +372.7% | — | — | — |
| Q1 26 | -$0.38 | -$3.16 | -731.6% | — | $0 | — |
| Q3 25 | -$0.42 | -$0.33 | +21.4% | — | $0 | — |
| Q2 25 | -$0.39 | -$0.29 | +25.6% | — | $0 | — |
| Q1 25 | -$0.38 | -$0.2 | +47.4% | — | $0 | — |
| Q4 24 | -$0.35 | -$0.23 | +34.3% | — | $0 | — |
| Q3 24 | -$0.28 | -$0.15 | +46.4% | — | $0 | — |
| Q2 24 | -$0.36 | -$0.4 | -11.1% | — | $0 | — |
| Q1 24 | -$0.31 | -$0.33 | -6.5% | — | $0 | — |
| Q4 23 | -$0.34 | -$0.3 | +11.8% | — | $0 | — |
| Q3 23 | -$0.31 | -$0.75 | -141.9% | — | $0 | — |
| Q2 23 | -$0.37 | -$0.27 | +27.0% | — | $0 | — |
| Q1 23 | -$0.32 | -$0.4 | -25.0% | — | $0 | — |
| Q4 22 | -$0.28 | -$0.29 | -3.6% | — | $0 | — |
| Q3 22 | -$0.28 | -$0.24 | +14.3% | — | $0 | — |
| Q2 22 | -$0.23 | -$0.26 | -13.0% | — | $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 | — | -$4.8 | — | — | $0 | — |
| FY24 | — | -$0.52 | — | — | $0 | — |
| FY23 | — | -$1.91 | — | — | $0 | — |
| FY22 | — | -$1.08 | — | — | $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 | $260K | $115K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | -45.3% | -55.8% | -100% | 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 | 260K | 115K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 5.7M | 2.9M | 4.9M | 9.8M | 14.4M | 20M | 35M | 33.8M | 34.4M | 23.7M |
| Selling, general & administrative | 8.4M | 7.6M | 5.7M | 9.3M | 8M | 8.3M | 7.4M | 11.6M | 13.2M | 12.4M |
| Operating expenses | 14.1M | 10.5M | 10.6M | 19.1M | 21.6M | 23.8M | 36.9M | 40.9M | 42.4M | 31.2M |
| Operating income | -13.8M | -10.4M | -10.6M | -19.1M | -21.6M | -23.8M | -36.9M | -40.9M | -42.4M | -31.2M |
| Operating margin | -5.3K% | -9K% | — | — | — | — | — | — | — | — |
| Non-operating income, net | -5.6M | -3.8M | -1.8M | 445K | 6K | 726K | — | -25.7M | 33.6M | -126.4M |
| Pretax income | -19.4M | -14.1M | -12.4M | -19.5M | -22.2M | -23.2M | -36.9M | -69M | -18.9M | -173.8M |
| Income tax | -556K | -1.3M | -328K | — | — | — | — | — | — | — |
| Net income | -18.8M | -12.8M | -12.1M | -19.5M | -22.2M | -23.2M | -36.9M | -69M | -18.9M | -173.8M |
| Net margin | -7.2K% | -11.2K% | — | — | — | — | — | — | — | — |
| EBITDA | -8.5M | -6.2M | -8.4M | -17.7M | -20.4M | -22.6M | -36M | -61.6M | -9M | -150.3M |
| EPS | -345.8 | -28.1 | -8.96 | -2.49 | -1.35 | -0.96 | -1.08 | -1.91 | -0.52 | -4.8 |
| Diluted EPS | -345.8 | -30.5 | -8.96 | -2.55 | -1.35 | -0.96 | -1.08 | -1.91 | -0.89 | -4.8 |
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 | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | 5.8M | 6.1M | 6.1M | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 3.1M | 3.4M | 3.5M | — |
| Operating expenses | — | — | — | — | — | — | — | — | 7.8M | 8.4M | 8.8M | — |
| Operating income | — | — | — | — | — | — | — | — | -7.8M | -8.4M | -8.8M | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | -14.6M | -111.2M | -101.1M | — |
| Pretax income | — | — | — | — | — | — | — | — | -26.7M | -124.3M | -115.3M | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | — | -26.7M | -124.3M | -115.3M | — |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -22M | -119M | -109.3M | — |
| EPS | -0.86 | — | -0.69 | 0.25 | -0.15 | 0.07 | -0.18 | -0.45 | -0.74 | — | -3.16 | 2.02 |
| Diluted EPS | -0.86 | — | -0.69 | -0.25 | -0.15 | -0.23 | -0.2 | -0.45 | -0.74 | — | -3.16 | -0.27 |
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 | — | — | — | — | — | — | — | — | — | — | 205.2M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | 495.2M |
| Shares outstanding | 70.3K | 456.2K | 1.4M | 6.7M | 16.4M | 24.1M | 34.3M | 36.1M | 36.2M | 36.2M | 36.2M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -1.21 |
| P/S | — | — | — | — | — | — | — | — | — | — | 37 |
| P/B | — | — | — | — | — | — | — | — | — | — | -0.68 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | -14.8 |
| EV/Sales | — | — | — | — | — | — | — | — | — | — | 89.3 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -82.8% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -13.4% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -5.3K% | -9K% | — | — | — | — | — | — | — | — | -410.8% |
| Net margin | -7.2K% | -11.2K% | — | — | — | — | — | — | — | — | 0% |
| ROE | -193.7% | -166.1% | -142.9% | -133.5% | -117.6% | -91.2% | -102.3% | 215.3% | 39.4% | 79.5% | 79.5% |
| ROA | -103.8% | -115.3% | -101.9% | -76.5% | -56.1% | -33.2% | -38.5% | -70.2% | -21.9% | -226.1% | -25.8% |
| ROIC | -287.2% | -398.5% | -3.3K% | — | — | — | — | — | — | — | — |
| Return on tangible assets | 556.8% | -1K% | -204% | 954.4% | -184.5% | -54.8% | -54% | -97.4% | -32.1% | -351.9% | -668% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.78 | 2.74 | 3.27 | 1.36 | 1.62 | 3.11 | 1.09 | 1.16 | 0.23 | 1.19 | 0.11 |
| Quick ratio | 1.78 | 2.74 | 3.27 | 1.36 | 1.62 | 3.11 | 1.09 | 1.16 | 0.23 | 1.19 | 0.64 |
| Debt / equity | 0.08 | 0 | — | 0.2 | 0.7 | 1.5 | 1.35 | -3.75 | -2.63 | -1.32 | -0.01 |
| Debt / assets | 0.04 | 0 | — | 0.11 | 0.33 | 0.54 | 0.51 | 1.22 | 1.46 | 3.75 | 5.35 |
| Net debt / EBITDA | 0.58 | 0.83 | — | 0.18 | -0.17 | -1.22 | -0.94 | -1.73 | -13 | -1.86 | -1.41 |
| Interest coverage | — | — | — | -19.9 | -34.3 | -360.8 | — | -25.3 | -0.76 | -9.48 | -14.2 |
| Effective tax rate | 0% | 0% | 0% | — | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 3.7 | 0.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.15 |
| EPS (basic) | -345.8 | -28.1 | -8.96 | -2.49 | -1.35 | -0.96 | -1.08 | -1.91 | -0.52 | -4.8 | -4.8 |
| EPS (diluted) | -345.8 | -30.5 | -8.96 | -2.55 | -1.35 | -0.96 | -1.08 | -1.91 | -0.89 | -4.8 | -5.28 |
| Book value per share | 138.4 | 16.9 | 6.25 | 2.18 | 1.15 | 1.05 | 1.05 | -0.89 | -1.33 | -6.03 | -6.22 |
| FCF per share | -154.9 | -20.3 | -6.95 | -2.36 | -1.16 | -1.03 | -1.01 | -1.54 | -1.09 | -0.73 | -0.67 |
| Cash per share | 81.3 | 11.2 | 6.02 | 0.9 | 0.59 | 0.43 | 0.43 | 0.37 | 0.26 | 0.24 | 0.64 |
| Capex per share | 3.97 | 0.13 | 0.03 | 0.02 | 0.05 | 0.05 | 0.06 | 0.23 | 0.05 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 107.3% | 50.4% | — | — | — | — | — | — | — | — | — |
| Capex / operating cash flow | -1.77% | -0.43% | -0.39% | -0.9% | -5.12% | -6.27% | -10.6% | -14.8% | -4.47% | — | — |
| Payout ratio | -0.42% | 0% | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$0.96 | — | — | $0 | — |
| FY20 | — | -$1.35 | — | — | $0 | — |
| FY19 | — | -$2.49 | — | — | $0 | — |
| FY18 | — | -$8.96 | — | — | $0 | — |
| FY17 | — | -$28.1 | — | — | $115K | — |
| FY16 | — | -$345.8 | — | — | $260K | — |
| 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% | 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 5.7M | 5.1M | 8.2M | 6M | 9.6M | 10.3M | 14.9M | 13.5M | 9.3M | 8.7M |
| Receivables | 25K | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 6.3M | 5.4M | 8.4M | 6.7M | 10.8M | 15M | 27M | 19.2M | 11.3M | 10.7M |
| Property, plant & equipment | 1.1M | 816K | 503K | 4.2M | 12.8M | 38.1M | 46.7M | 57.3M | 54.9M | 46.1M |
| Goodwill & intangibles | 21.5M | 9.9M | 6M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M |
| Total assets | 18.2M | 11.1M | 11.9M | 25.5M | 39.5M | 69.8M | 95.8M | 98.4M | 86.4M | 76.9M |
| Accounts payable | 1.1M | 578K | 729K | 547K | 956K | 1.1M | 1.7M | 1.6M | 766K | 921K |
| Short-term debt | 803K | 0 | — | 1.3M | 2.3M | 1.5M | 17M | 9.5M | 43.4M | 4.6M |
| Total current liabilities | 3.5M | 2M | 2.6M | 4.9M | 6.7M | 4.8M | 24.9M | 16.5M | 48.2M | 8.9M |
| Long-term debt | — | — | — | 1.6M | 10.9M | 36.5M | 31.8M | 110.9M | 83.1M | 283.5M |
| Total liabilities | 8.4M | 3.4M | 3.4M | 10.9M | 20.7M | 44.4M | 59.8M | 130.4M | 134.5M | 295.5M |
| Shareholders' equity | 9.7M | 7.7M | 8.5M | 14.6M | 18.9M | 25.4M | 36.1M | -32.1M | -48M | -218.6M |
| Total debt | 803K | 0 | — | 2.9M | 13.2M | 38M | 48.8M | 120.4M | 126.5M | 288M |
| Net debt | -4.9M | -5.1M | — | -3.2M | 3.5M | 27.7M | 34M | 106.8M | 117.2M | 279.3M |
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 | 12.5M | 24M | 13.5M | 37.9M | 26.4M | 17.1M | 9.3M | 11.7M | 4.3M | 14.8M | 8.7M | 4.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 26.8M | 36.6M | 19.2M | 41.7M | 30.9M | 22.4M | 11.3M | 13.2M | 7.5M | 16.9M | 10.7M | 5.9M |
| Property, plant & equipment | 52.5M | 54.1M | 57.3M | 12.7M | 13.5M | 13.6M | 54.9M | 54M | 53.2M | 52.5M | 46.1M | 45.2M |
| Goodwill & intangibles | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M |
| Total assets | 101.2M | 112.8M | 98.4M | 120.4M | 108.3M | 98.2M | 86.4M | 87.3M | 80.8M | 89.5M | 76.9M | 69.8M |
| Accounts payable | — | 3.8M | 1.6M | 2.1M | 1.7M | 1.8M | 766K | 981K | 965K | 1.3M | 921K | 660K |
| Short-term debt | 40.9M | 13.4M | 9.5M | 104.2M | 118M | 112.4M | 43.4M | 107.2M | 116.8M | 135.6M | 4.6M | 4.6M |
| Total current liabilities | 51.6M | 21.9M | 16.5M | 110M | 123.2M | 118.2M | 48.2M | 110.5M | 120.1M | 139.9M | 8.9M | 9.2M |
| Long-term debt | 27.4M | 100.2M | 110.9M | 63.7M | 28.2M | 27.9M | 83.1M | 27.4M | 27.1M | 42.1M | 283.5M | 369.1M |
| Total liabilities | 82.1M | 125.1M | 130.4M | 176.9M | 154.4M | 149.2M | 134.5M | 141M | 150.3M | 185.1M | 295.5M | 381.4M |
| Shareholders' equity | 19.1M | -12.4M | -32.1M | -56.5M | -46.1M | -51M | -48M | -53.8M | -69.5M | -95.6M | -218.6M | -311.6M |
| Total debt | 68.3M | 113.6M | 120.4M | 167.9M | 146.1M | 140.3M | 126.5M | 134.7M | 144M | 177.7M | 288M | 373.7M |
| Net debt | 55.9M | 89.7M | 106.8M | 130M | 119.7M | 123.2M | 117.2M | 123M | 139.6M | 162.9M | 279.3M | 368.9M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -18.8M | -12.8M | -12.1M | -19.5M | -22.2M | -23.2M | -36.9M | -69M | -18.9M | -173.8M |
| Depreciation & amortization | 369K | 374K | 389K | 1.4M | 1.1M | 1.2M | 892K | 972K | 1.3M | 1.5M |
| Stock-based compensation | 2M | 700K | 478K | 4.3M | 3.5M | 2.9M | 3.1M | 938K | 2.9M | 2.6M |
| Change in working capital | 673K | -838K | 343K | -1.7M | 880K | -1.7M | 12M | -13.4M | -8.7M | -1.4M |
| Operating cash flow | -15.8M | -13.4M | -11.2M | -14.6M | -16.1M | -20.8M | -20.9M | -55.1M | -42M | -25.8M |
| Capital expenditure | -279K | -58K | -44K | -131K | -824K | -1.3M | -2.2M | -8.1M | -1.9M | — |
| Investing cash flow | -279K | -58K | -44K | 2.9M | -824K | -1.3M | -2.2M | -8.1M | -1.9M | — |
| Dividends paid | -80K | 0 | — | — | — | — | — | — | — | — |
| Share repurchases | -173K | 0 | — | — | — | — | — | — | — | — |
| Financing cash flow | 6.9M | 7.7M | 12.2M | 9M | 23.8M | 24.9M | 43.9M | 54M | 34.8M | 25M |
| Net change in cash | -9.1M | -5.7M | 976K | -2.8M | 6.9M | 2.8M | 20.8M | -9.3M | -9.1M | -809K |
| Free cash flow | -10.9M | -9.3M | -9.4M | -15.8M | -19.1M | -24.9M | -34.7M | -55.6M | -39.4M | -26.3M |
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 | 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 | -3.5M | -31.2M | -19.8M | -25M | 9M | -5.5M | 2.6M | -6.5M | -16.3M | -26.7M | -124.3M | -115.3M |
| Depreciation & amortization | 228K | 221K | 293K | 317K | 315K | 313K | 380K | 377K | 366K | 370K | 418K | 457K |
| Stock-based compensation | 261K | -373K | 193K | 534K | 1.3M | 670K | 354K | 781K | 575K | 622K | 632K | 1.1M |
| Change in working capital | -6.2M | 5.4M | -3.4M | -3.7M | -1.7M | -827K | -2.5M | -803K | -521K | 537K | -575K | -673K |
| Operating cash flow | -15.3M | -8.2M | -12.1M | -12.6M | -11.2M | -8.8M | -9.5M | -7.2M | -7.2M | -4.3M | -6.7M | -5.8M |
| Capital expenditure | -222K | -3.5M | -2.4M | -250K | -1.4M | -340K | 77K | -99K | — | — | — | — |
| Investing cash flow | -222K | -3.5M | -2.4M | -250K | -1.4M | -340K | 77K | -99K | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -368K | 24.8M | 0 | 34.9M | 0 | 0 | 0 | 10M | 0 | 15M | 0 | -63K |
| Net change in cash | -15.8M | 13.1M | -14.5M | 22.1M | -12.6M | -9.1M | -9.4M | 2.7M | -7.2M | 10.7M | -6.7M | -5.8M |
| Free cash flow | -12.3M | -13.2M | -10.5M | -10.8M | -11.5M | -9.2M | -7.8M | -7.7M | -7.4M | -4.5M | -6.7M | -5.8M |