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 | -$0.2 | $0.89 | +545.0% | — | $35M | — |
| Q1 26 | -$0.22 | -$0.18 | +18.2% | — | $0 | — |
| Q4 25 | -$0.32 | -$0.16 | +50.0% | — | — | — |
| Q3 25 | -$0.35 | -$0.22 | +37.1% | — | — | — |
| Q2 25 | -$0.28 | -$0.51 | -82.1% | — | — | — |
| Q1 25 | -$0.39 | -$0.21 | +46.2% | — | $0 | — |
| Q4 24 | -$0.37 | -$0.37 | 0.0% | — | — | — |
| Q3 24 | -$0.4 | -$0.38 | +5.0% | — | — | — |
| Q2 24 | -$0.52 | -$0.31 | +40.4% | — | — | — |
| Q1 24 | -$0.54 | -$0.33 | +38.9% | — | — | — |
| Q4 23 | -$0.57 | -$0.49 | +14.0% | — | — | — |
| Q3 23 | -$0.48 | -$0.58 | -20.8% | — | — | — |
| Q2 23 | -$0.42 | -$0.43 | -2.4% | — | — | — |
| Q1 23 | -$0.35 | -$0.43 | -22.9% | — | — | — |
| Q4 22 | -$0.31 | -$0.38 | -22.6% | — | — | — |
| Q3 22 | $0.51 | -$0.33 | -164.7% | — | — | — |
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 | — | -$1.09 | — | — | $90K | — |
| FY24 | — | -$1.27 | — | — | $0 | — |
| FY23 | — | -$1.83 | — | — | $81K | — |
| FY22 | — | -$1.37 | — | — | $1M |
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 | $1.1M | $1M | $81K | $0 | $90K |
| YoY change | 0% | 0% | 0% | 0% | 0% | +InfinityT% | -9.97% | -92.1% | -100% | +InfinityT% |
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 | 1.1M | 1M | 81K | 0 | 90K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 17.8M | 17.7M | 17.1M | 16.6M | 16.1M | 18M | 23.1M | 38.7M | 30M | 21.1M |
| Selling, general & administrative | 9M | 9.2M | 6.7M | 5.5M | 6.3M | 8.1M | 12M | 13.3M | 12.1M | 15.2M |
| Operating expenses | 26.8M | 26.9M | 23.8M | 22.1M | 22.4M | 26.1M | 35.1M | 52M | 42.1M | 36.3M |
| Operating income | -26.8M | -26.9M | -23.8M | -22.1M | -22.4M | -25M | -34.1M | -51.9M | -42.1M | -36.2M |
| Operating margin | — | — | — | — | — | -2.2K% | -3.3K% | -64.1K% | — | -40.3K% |
| Non-operating income, net | 2.5M | 304.1K | — | — | — | — | — | — | — | — |
| Pretax income | -24.3M | -26.6M | -23.7M | -21.9M | -22.2M | -24.8M | -33M | -48.8M | -38.2M | -33.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -24.3M | -26.6M | -23.7M | -21.9M | -22.2M | -24.8M | -33M | -48.8M | -38.2M | -33.9M |
| Net margin | — | — | — | — | — | -2.2K% | -3.2K% | -60.3K% | — | -37.7K% |
| EBITDA | -26.8M | -27.2M | -23.8M | -21.7M | -21.9M | -24.4M | -33.4M | -51.1M | -41.3M | -35.4M |
| EPS | -15 | -12 | -6.6 | -4.4 | -1.83 | -1.2 | -1.37 | -1.83 | -1.27 | -1.09 |
| Diluted EPS | -15 | -12 | -6.6 | -4.4 | -1.83 | -1.2 | -1.37 | -1.83 | -1.27 | -1.09 |
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 | 81K | 0 | 0 | 0 | 0 | 0 | 0 | 90K | 0 | 0 | 35M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 11.6M | 8.1M | 6.6M | 8.8M | 9.8M | 4.8M | 7.7M | 4.9M | 4.2M | 4.3M | 4.2M | 5.4M |
| Selling, general & administrative | 2.7M | 2.3M | 3M | 3.6M | 2.8M | 2.7M | 8.9M | 2.6M | 1.5M | 2.1M | 1.7M | 2.1M |
| Operating expenses | 14.4M | 10.4M | 9.6M | 12.4M | 12.6M | 7.5M | 16.6M | 7.5M | 5.8M | 6.4M | 5.9M | 7.4M |
| Operating income | -14.4M | -10.3M | -9.6M | -12.4M | -12.6M | -7.5M | -16.6M | -7.5M | -5.7M | -6.4M | -5.9M | 27.6M |
| Operating margin | — | -12.8K% | — | — | — | — | — | — | -6.3K% | — | — | 78.8% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -13.3M | -9.3M | -8.7M | -11.4M | -11.6M | -6.7M | -15.9M | -6.9M | -5.1M | -5.9M | -5.5M | 27.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | 0 |
| Net income | -13.3M | -9.3M | -8.7M | -11.4M | -11.6M | -6.7M | -15.9M | -6.9M | -5.1M | -5.9M | -5.5M | 27.9M |
| Net margin | — | -11.5K% | — | — | — | — | — | — | -5.7K% | — | — | 79.7% |
| EBITDA | -14.2M | -10.1M | -9.4M | -12.2M | -12.4M | -7.3M | -16.4M | -7.3M | -5.5M | -6.2M | -5.7M | 27.8M |
| EPS | -0.49 | — | -0.31 | -0.38 | -0.37 | — | -0.51 | -0.22 | -0.16 | — | -0.18 | 0.89 |
| Diluted EPS | -0.49 | — | -0.31 | -0.38 | -0.37 | — | -0.51 | -0.22 | -0.16 | — | -0.18 | 0.89 |
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 | — | — | — | — | — | — | — | — | — | 42.4M | 37.1M |
| Enterprise value | — | — | — | — | — | — | — | — | — | -3.9M | 2.6M |
| Shares outstanding | 1.6M | 2.2M | 3.5M | 5M | 12.1M | 20.6M | 24.1M | 26.6M | 30.1M | 31.2M | 31.2M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 3.41 |
| P/S | — | — | — | — | — | — | — | — | — | 471.4 | 1.07 |
| P/B | — | — | — | — | — | — | — | — | — | 5.42 | 1.24 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | 0.11 | 0.27 |
| EV/Sales | — | — | — | — | — | — | — | — | — | -43.1 | 0.07 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 29.3% |
| FCF yield | — | — | — | — | — | — | — | — | — | -58.2% | 19.3% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.01 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -2.2K% | -3.3K% | -64.1K% | — | -40.3K% | 78.8% |
| Net margin | — | — | — | — | — | -2.2K% | -3.2K% | -60.3K% | — | -37.7K% | 32.2% |
| ROE | -135.1% | -194.6% | -268.4% | -388% | -36.2% | -33.7% | -49.7% | -134.2% | -116.7% | -432.6% | 45.9% |
| ROA | -108% | -145.1% | -158.9% | -187.7% | -33.5% | -30.8% | -28.9% | -59.9% | -49.7% | -65.5% | 11.6% |
| Return on tangible assets | -108% | -145.1% | -158.9% | -187.7% | -33.5% | -30.8% | -28.9% | -59.9% | -49.7% | -65.5% | 28.2% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.95 | 3.82 | 2.36 | 1.89 | 13.6 | 11.7 | 10.4 | 9.21 | 9.14 | 6.2 | 4.08 |
| Quick ratio | 4.95 | 3.82 | 2.36 | 1.89 | 13.6 | 11.7 | 10.4 | 9.21 | 9.14 | 6.2 | 4.08 |
| Debt / equity | — | 0 | 0.03 | 0.25 | 0.01 | 0 | 0.04 | 0.06 | 0.05 | 0.22 | 0.04 |
| Debt / assets | — | 0 | 0.02 | 0.12 | 0.01 | 0 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 |
| Net debt / EBITDA | — | 0.64 | 0.56 | 0.36 | 2.86 | 3.17 | 3.18 | 1.46 | 1.73 | 1.31 | -3.37 |
| Interest coverage | -4.9K | — | — | — | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0.06 | 0.04 | 0 | 0 | 0 | 1.12 |
| EPS (basic) | -15 | -12 | -6.6 | -4.4 | -1.83 | -1.2 | -1.37 | -1.83 | -1.27 | -1.09 | -1.09 |
| EPS (diluted) | -15 | -12 | -6.6 | -4.4 | -1.83 | -1.2 | -1.37 | -1.83 | -1.27 | -1.09 | 0.35 |
| Book value per share | 11.1 | 6.14 | 2.49 | 1.13 | 5.05 | 3.58 | 2.75 | 1.37 | 1.09 | 0.25 | 0.96 |
| FCF per share | -12.9 | -9.7 | -5.85 | -4.33 | -1.8 | -1.02 | 0.34 | -1.78 | -1.1 | -0.79 | -0.74 |
| Cash per share | 12.7 | 7.82 | 3.87 | 1.86 | 5.24 | 3.78 | 4.51 | 2.88 | 2.42 | 1.54 | 1.16 |
| Capex per share | 0.04 | 0.01 | 0.03 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | 11.6% | 35.5% | 188.9% | — | — | — |
| Capex / operating cash flow | -0.46% | -0.11% | -0.44% | -0.31% | -1.21% | -0.61% | 8.7% | -0.34% | -0.03% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$1.2 | — | — | $1.1M | — |
| FY20 | — | -$1.83 | — | — | $0 | — |
| FY19 | — | -$4.4 | — | — | $0 | — |
| FY18 | — | -$6.6 | — | — | $0 | — |
| FY17 | — | -$12 | — | — | $0 | — |
| FY16 | — | -$15 | — | — | $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 | $81K | $0 | $0 | $0 | $0 | $0 | $0 | $90K | $0 | $0 | $35M |
| YoY change | -100% | +InfinityT% | 0% | 0% | 0% | -100% | 0% | 0% | +InfinityT% | 0% | 0% | +InfinityT% |
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 | 20.5M | 17.4M | 13.7M | 9.3M | 63.6M | 77.8M | 108.9M | 76.7M | 72.9M | 48M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 22.4M | 17.8M | 14.3M | 10.1M | 64.9M | 79.7M | 110.9M | 78.3M | 74.5M | 49.4M |
| Property, plant & equipment | 88.5K | 57.4K | 118.8K | 1.1M | 1M | 639K | 2.9M | 2.9M | 2.1M | 2.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 22.5M | 18.3M | 14.9M | 11.7M | 66.4M | 80.4M | 114.2M | 81.4M | 76.9M | 51.8M |
| Accounts payable | 4.2M | 4.7M | 5.8M | 4.6M | 4.3M | — | — | — | — | — |
| Short-term debt | — | — | 249.2K | 746K | 427K | 307K | 498K | 541K | 580K | 722K |
| Total current liabilities | 4.5M | 4.7M | 6.1M | 5.3M | 4.8M | 6.8M | 10.6M | 8.5M | 8.1M | 8M |
| Long-term debt | — | 0 | 13.4K | 682K | 311K | 3K | 2.1M | 1.6M | 993K | 972K |
| Total liabilities | 4.5M | 4.7M | 6.1M | 6M | 5.1M | 6.8M | 47.7M | 45.1M | 44.1M | 43.9M |
| Shareholders' equity | 18M | 13.7M | 8.8M | 5.6M | 61.3M | 73.5M | 66.5M | 36.4M | 32.8M | 7.8M |
| Total debt | — | 0 | 262.6K | 1.4M | 738K | 310K | 2.6M | 2.1M | 1.6M | 1.7M |
| Net debt | — | -17.4M | -13.4M | -7.8M | -62.8M | -77.5M | -106.3M | -74.6M | -71.3M | -46.3M |
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 | Q3 23 | Q4 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 | 83M | — | 84.1M | 86M | 78.7M | — | 65.3M | 59.9M | 53.4M | 48M | 42.1M | 36.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 85.6M | — | 85.4M | 87.1M | 79.5M | — | 66.5M | 61M | 54.4M | 49.4M | 43.3M | 37.7M |
| Property, plant & equipment | 3M | 438K | 2.7M | 2.5M | 2.3M | 438K | 1.9M | 1.7M | 1.5M | 2.1M | 1.8M | 2.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 88.9M | — | 88.4M | 89.9M | 82.1M | — | 68.6M | 63M | 56.2M | 51.8M | 45.4M | 40.2M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 522K | — | 551K | 551K | 560K | — | 590K | 600K | 610K | 722K | 734K | 746K |
| Total current liabilities | 8.7M | — | 8.1M | 9.7M | 7.8M | — | 7.1M | 8.3M | 6.8M | 8M | 7.3M | 9.3M |
| Long-term debt | 1.7M | — | 1.4M | 1.3M | 1.2M | — | 843K | 690K | 533K | 972K | 785K | 595K |
| Total liabilities | 45.4M | — | 44.5M | 46M | 43.9M | — | 43M | 44M | 42.4M | 43.9M | 43.1M | 9.9M |
| Shareholders' equity | 43.6M | — | 43.9M | 43.8M | 38.2M | — | 25.7M | 19M | 13.8M | 7.8M | 2.3M | 30.3M |
| Total debt | 2.2M | — | 2M | 1.8M | 1.7M | — | 1.4M | 1.3M | 1.1M | 1.7M | 1.5M | 1.3M |
| Net debt | -80.8M | — | -82.1M | -84.2M | -76.9M | — | -63.9M | -58.6M | -52.2M | -46.3M | -40.6M | -35.1M |
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 | -24.3M | -26.6M | -23.7M | -21.9M | -22.2M | -24.8M | -33M | -48.8M | -38.2M | -33.9M |
| Depreciation & amortization | 77.5K | 55.9K | 50.7K | 420K | 447K | 524K | 699K | 790K | 811K | 821K |
| Stock-based compensation | 4.3M | 3.5M | 1.8M | 1.3M | 1.3M | 1.7M | 2.8M | 3.8M | 5.3M | 9.2M |
| Change in working capital | 2.7M | 405.2K | 0 | -275K | -315K | 656K | 33.7M | -1M | -530K | -577K |
| Operating cash flow | -12.9M | -22.6M | -21.8M | -20.5M | -20.8M | -21.9M | 4.2M | -45.2M | -32.7M | -24.6M |
| Capital expenditure | -60K | -24.7K | -96.1K | -64K | -253K | -133K | -366K | -153K | -11K | — |
| Investing cash flow | -159.7K | -380.9K | -96.1K | -64K | -253K | -133K | -366K | -153K | -11K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 15.5M | 18.8M | 17M | 15.4M | 76.1M | 35.2M | 23.1M | 14.6M | 29.2M | -217K |
| Net change in cash | 2.4M | -4.2M | -4.9M | -5.2M | 55M | 13.2M | 26.9M | -30.8M | -3.4M | -24.8M |
| Free cash flow | -20.8M | -21.6M | -20.7M | -21.5M | -21.9M | -21M | 8.3M | -47.5M | -33.1M | -24.7M |
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 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -13.3M | -9.3M | -8.7M | -11.4M | -11.6M | -6.7M | -15.9M | -6.9M | -5.1M | -5.9M | -5.5M | 27.9M |
| Depreciation & amortization | 200K | 199K | 216K | 189K | 202K | 204K | 205K | 204K | 206K | 206K | 220K | 241K |
| Stock-based compensation | 921K | 927K | 1.4M | 1.4M | 1.3M | 1.2M | 8.9M | 197K | 109K | 10K | 11K | 118K |
| Change in working capital | -125K | -127K | -129K | -130K | -135K | -136K | -138K | -140K | -145K | -154K | -172K | -176K |
| Operating cash flow | -12.3M | -8.3M | -7.2M | -9.9M | -10.2M | -5.4M | -7M | -5.4M | -6.3M | -5.3M | -5.9M | -5.2M |
| Capital expenditure | -30K | 0 | -11K | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Investing cash flow | -30K | 0 | -11K | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 2.9M | 1.2M | 14.7M | 10M | 4.6M | -3K | -2K | -3K | -2K | -3K | -3K | -2K |
| Net change in cash | -9.4M | -7.1M | 7.5M | 34K | -5.6M | -5.4M | -7M | -5.4M | -6.3M | -5.3M | -5.9M | -5.2M |
| Free cash flow | -11.2M | -7.5M | -7.4M | -8M | -12M | -5.8M | -7.6M | -5.4M | -6.3M | -5.4M | -5.9M | -5.7M |