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 | -$0.22 | -$0.17 | +22.7% | — | $0 | — |
| Q1 26 | -$0.04 | -$0.25 | -525.0% | — | $0 | — |
| Q4 25 | -$0.32 | -$1.17 | -265.6% | — | $0 | — |
| Q3 25 | -$0.77 | -$0.67 | +13.0% | — | $0 | — |
| Q2 25 | -$1.4 | -$1.2 | +14.3% | — | $0 | — |
| Q4 24 | -$3.33 | -$2.09 | +37.2% | — | $0 | — |
| Q3 24 | -$3.2 | -$3.3 | -3.1% | — | $0 | — |
| Q2 24 | -$21.4 | -$18.3 | +14.9% | — | $7.5K | — |
| Q4 23 | -$36 | $28 | +177.8% | — | $90K | — |
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 | — | -$2.25 | — | — | $0 | — |
| FY24 | — | -$15.8 | — | — | $7.5K | — |
| FY23 | — | -$54.9 | — | — | $686K | — |
| FY22 | — | -$33.4 | — | — | $284K | — |
| FY21 | — | -$29.1 | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $110K | $284K | $686K | $7.5K | $0 |
| YoY change | — | +158.2% | +141.5% | -98.9% | -100% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 110K | 284K | 686K | 7.5K | 0 |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 5.4M | 6.1M | 3.8M | 4.7M | 4.8M |
| Selling, general & administrative | 4M | 3.6M | 4.5M | 6.3M | 6.1M |
| Operating expenses | 9.3M | 9.7M | 8.3M | 11M | 11M |
| Operating income | -9.2M | -9.5M | -7.6M | -11M | -11M |
| Operating margin | -8.4K% | -3.3K% | -1.1K% | -146.5K% | — |
| Non-operating income, net | 340K | -979.7K | -3.5M | 1.9M | -43K |
| Pretax income | -8.9M | -10.7M | -11.3M | -9M | -10.9M |
| Income tax | 0 | 0 | 17.3K | 9K | 8.3K |
| Net income | -8.9M | -10.7M | -11.3M | -9M | -11M |
| Net margin | -8.1K% | -3.8K% | -1.6K% | -119.6K% | — |
| EBITDA | -9M | -10M | -10.7M | -12.5M | -10.5M |
| EPS | -29.1 | -33.4 | -54.9 | -15.8 | -2.25 |
| Diluted EPS | -29.1 | -33.4 | -54.9 | -15.8 | -2.25 |
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 | 310.7K | 90K | 0 | 7.5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 548.5K | 1.6M | 1.5M | 1.1M | 1M | 1.1M | 1.3M | 1.4M | 1.2M | 1M | 1.6M | 1.4M |
| Selling, general & administrative | 1.8M | 1M | 1.5M | 1.5M | 1.9M | 1.3M | 1.9M | 1.5M | 1.6M | 1.2M | 2.4M | 2.1M |
| Operating expenses | 2.3M | 2.7M | 3M | 2.7M | 2.9M | 2.4M | 3.1M | 2.9M | 2.8M | 2.2M | 3.9M | 3.4M |
| Operating income | -2M | -2.6M | -3M | -2.7M | -2.9M | -2.4M | -3.1M | -2.9M | -2.8M | -2.2M | -3.9M | -3.4M |
| Operating margin | -641.7% | -2.9K% | — | -35.5K% | — | — | — | — | — | — | — | — |
| Non-operating income, net | 50.5K | 144.2K | 21.9K | 13.8K | 1.9M | 4.4K | -4K | -32.6K | -495 | -5.9K | -4.6K | -1.8K |
| Pretax income | -1.9M | -2.4M | -2.9M | -2.6M | -1M | -2.4M | -3.1M | -2.9M | -2.8M | -2.2M | -3.9M | -3.3M |
| Income tax | 0 | — | 0 | 0 | 0 | 9K | 0 | 0 | 0 | 8.3K | 0 | 0 |
| Net income | -1.9M | -2.5M | -2.9M | -2.6M | -1M | -2.4M | -3.1M | -2.9M | -2.8M | -2.2M | -3.9M | -3.3M |
| Net margin | -625.5% | -2.7K% | — | -35.1K% | — | — | — | — | — | — | — | — |
| EBITDA | -1.9M | -2.3M | -2.8M | -2.5M | -4.9M | -2.3M | -2.9M | -2.8M | -2.7M | -2.1M | -3.8M | -3.2M |
| EPS | -4.82 | — | -4.5 | -2.74 | -1.13 | — | -1.53 | -1.2 | -0.67 | — | -0.25 | -0.17 |
| Diluted EPS | -4.82 | — | -4.5 | -2.74 | -1.13 | — | -1.53 | -1.2 | -0.67 | — | -0.25 | -0.17 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 10.3M |
| Enterprise value | — | — | — | — | — | 3.9M |
| Shares outstanding | 402.9K | 402.9K | 230.8K | 568.2K | 4.9M | 4.9M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 8.39 |
| P/B | — | — | — | — | — | 1.39 |
| EV/EBITDA | — | — | — | — | — | -0.32 |
| Earnings yield | — | — | — | — | — | 11.9% |
| FCF yield | — | — | — | — | — | -70.3% |
| PEG | — | — | — | — | — | -0.1 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Operating margin | -8.4K% | -3.3K% | -1.1K% | -146.5K% | — | 0% |
| Net margin | -8.1K% | -3.8K% | -1.6K% | -119.6K% | — | 0% |
| ROE | 34.7% | 29.5% | -387.3% | -157.4% | -288.2% | -256.7% |
| ROA | -87.6% | -149% | -220.6% | -121.9% | -218% | -119.9% |
| ROIC | 28.1% | 29.5% | -380.2% | -646.5% | -508.8% | -1.2K% |
| Return on tangible assets | -89.3% | -158.7% | -240.4% | -130.6% | -249.4% | -148.7% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 7.02 | 1.86 | 1.58 | 3.8 | 2.83 | 4.86 |
| Quick ratio | 7.02 | 1.86 | 1.58 | 3.8 | 2.83 | 4.86 |
| Debt / equity | -0.04 | -0.21 | 0.3 | 0.1 | 0.11 | 0.06 |
| Debt / assets | 0.1 | 1.08 | 0.17 | 0.08 | 0.08 | 0.05 |
| Net debt / EBITDA | 0.78 | -0.42 | 0.09 | 0.32 | 0.16 | 0.54 |
| Interest coverage | -132.5 | -41.4 | -66.2 | -735.7 | -1.4K | -1.2K |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0.27 | 0.7 | 2.97 | 0.01 | 0 | 0 |
| EPS (basic) | -29.1 | -33.4 | -54.9 | -15.8 | -2.25 | -2.25 |
| EPS (diluted) | -29.1 | -33.4 | -54.9 | -15.8 | -2.25 | 0.02 |
| Book value per share | -64 | -90 | 12.6 | 10 | 0.78 | 0.12 |
| FCF per share | -21.6 | -21.6 | -33.3 | -18.6 | -2.34 | -0.59 |
| Cash per share | 20 | 8.67 | 7.78 | 8.02 | 0.42 | 0.11 |
| Capex per share | 1.11 | 0.07 | 0.12 | 0.02 | 0.03 | 0.01 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 405.6% | 10.2% | 3.87% | 114.3% | — | — |
| Capex / operating cash flow | -5.58% | -0.35% | -0.36% | -0.13% | -1.44% | -1.91% |
| Payout ratio | — | — | — | — | — | 0% |
| $110K |
| — |
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $310.7K | $90K | $0 | $7.5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | +540.6% | +195.1% | -100% | -95.6% | -100% | -100% | 0% | -100% | 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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 8M | 3.5M | 1.8M | 4.6M | 2.1M |
| Receivables | 160.9K | 182.8K | 98.3K | 233 | 912 |
| Inventory | — | — | — | — | — |
| Total current assets | 8.5M | 4.1M | 2.5M | 5.2M | 3M |
| Property, plant & equipment | 931.7K | 1.9M | 1.6M | 1.2M | 947.1K |
| Goodwill & intangibles | 195.4K | 439.1K | 421.8K | 492.8K | 633.3K |
| Total assets | 10.2M | 7.2M | 5.1M | 7.4M | 5M |
| Accounts payable | 717.8K | 784.7K | 897.3K | 490.3K | 399.4K |
| Short-term debt | — | 287.4K | 322.3K | 271.2K | 265.9K |
| Total current liabilities | 1.2M | 2.2M | 1.6M | 1.4M | 1.1M |
| Long-term debt | 992K | 7.4M | 563.7K | 284.3K | 156.2K |
| Total liabilities | 36M | 43.4M | 2.2M | 1.7M | 1.2M |
| Shareholders' equity | -25.8M | -36.3M | 2.9M | 5.7M | 3.8M |
| Total debt | 992K | 7.7M | 885.9K | 555.5K | 422.1K |
| Net debt | -7.1M | 4.2M | -910K | -4M | -1.6M |
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 | 4.4M | 1.8M | 3M | 803.1K | 7.3M | 4.6M | 3.2M | 1M | 1.4M | 2.1M | 10.1M | 6.7M |
| Receivables | 0 | 98.3K | 1.9K | 1.1K | 0 | 233 | 0 | 0 | 0 | 912 | 5.1K | 909 |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 4.9M | 2.5M | 3.5M | 1.3M | 7.6M | 5.2M | 3.9M | 1.8M | 2.2M | 3M | 10.8M | 7.4M |
| Property, plant & equipment | 1.7M | 1.6M | 1.4M | 676.1K | 651.6K | 1.2M | 626.7K | 603.4K | 577.8K | 947.1K | 850K | 929.2K |
| Goodwill & intangibles | 324.5K | 421.8K | 430.2K | 443.3K | 497.5K | 492.8K | 488.3K | 517.3K | 542K | 633.3K | 669K | 660.1K |
| Total assets | 7.5M | 5.1M | 6.1M | 3.9M | 9.8M | 7.4M | 5.9M | 4M | 4.3M | 5M | 12.1M | 8.9M |
| Accounts payable | 417.9K | 897.3K | 583.1K | 996.7K | 588.5K | 490.3K | 558.9K | 635.8K | 718.5K | 399.4K | 932.2K | 498K |
| Short-term debt | 315.7K | 322.3K | 325.9K | 308.3K | 292.5K | 271.2K | 254.1K | 303.4K | 284.7K | 265.9K | 246.6K | 359.1K |
| Total current liabilities | 1.5M | 1.6M | 1.3M | 1.7M | 1.4M | 1.4M | 1.3M | 1.5M | 1.8M | 1.1M | 1.5M | 1.5M |
| Long-term debt | 643.5K | 563.7K | 478.6K | 414.3K | 350.8K | 284.3K | 219.6K | 274.5K | 214.9K | 156.2K | 96.7K | 51K |
| Total liabilities | 2.2M | 2.2M | 1.7M | 2.2M | 1.7M | 1.7M | 1.5M | 1.7M | 2M | 1.2M | 1.6M | 1.6M |
| Shareholders' equity | 5.3M | 2.9M | 4.3M | 1.7M | 8.1M | 5.7M | 4.4M | 2.2M | 2.3M | 3.8M | 10.5M | 7.3M |
| Total debt | 959.2K | 885.9K | 804.5K | 722.7K | 643.3K | 555.5K | 473.7K | 577.9K | 499.7K | 422.1K | 343.3K | 410.1K |
| Net debt | -3.4M | -910K | -2.2M | -80.4K | -6.6M | -4M | -2.7M | -467.9K | -902.2K | -1.6M | -9.7M | -6.3M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -8.9M | -10.7M | -11.3M | -9M | -11M |
| Depreciation & amortization | 84.8K | 406K | 425.5K | 448.2K | 453.1K |
| Stock-based compensation | 306.1K | 184.5K | 151.5K | 245.1K | 62.7K |
| Change in working capital | 491.2K | 360.6K | -465.3K | -322.4K | -350.1K |
| Operating cash flow | -8M | -8.3M | -7.4M | -6.5M | -11.2M |
| Capital expenditure | -446.1K | -28.9K | -26.5K | -8.6K | -161.8K |
| Investing cash flow | -642.4K | -209.7K | -26.5K | -8.6K | -161.8K |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 984.4K | 4.1M | 6M | 13.3M | 8.9M |
| Net change in cash | -7.6M | -4.4M | -1.4M | 6.8M | -2.5M |
| Free cash flow | -8.7M | -8.7M | -7.7M | -10.6M | -11.4M |
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 | 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 | -1.9M | -2.5M | -2.9M | -2.6M | -1M | -2.4M | -3.1M | -2.9M | -2.8M | -2.2M | -3.9M | -3.3M |
| Depreciation & amortization | 112.5K | 108.5K | 114K | 113.9K | 103.6K | 115.7K | 117.4K | 110.6K | 112K | 113.1K | 116.7K | 113.6K |
| Stock-based compensation | 39.1K | 34.8K | 34.2K | 34.2K | 143.5K | 33.2K | 30.4K | 16K | 4.2K | 12.1K | 6.1K | 11.4K |
| Change in working capital | 59.9K | -283.5K | -276.9K | -55.8K | 26.2K | -139K | -90.6K | -63.7K | -12.4K | -189.7K | 452.4K | -69.3K |
| Operating cash flow | -1.7M | -2.6M | -3.1M | -2.5M | 1.4M | -2.4M | -3M | -2.8M | -2.4M | -2.9M | -2.5M | -3.3M |
| Capital expenditure | -5.3K | -3.7K | 0 | 0 | -8.6K | 0 | 3.2K | -24.7K | -37.7K | -74.6K | -22.2K | -77.5K |
| Investing cash flow | -5.3K | -3.7K | 0 | 0 | -8.6K | 0 | 3.2K | -24.7K | -37.7K | -74.6K | -22.2K | -77.5K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -2.2K | 39.1K | 4.3M | -3.8K | 9M | -3.8K | 1.7M | 690.3K | 2.8M | 3.7M | 10.5M | -111.3K |
| Net change in cash | -1.7M | -2.6M | 1.2M | -2.5M | 10.4M | -2.4M | -1.3M | -2.1M | 359.5K | 772.3K | 8M | -3.5M |
| Free cash flow | -1.9M | -2.6M | -3.1M | -2.2M | -2.6M | -2.7M | -3.1M | -2.9M | -2.5M | -3M | -2.5M | -3.4M |