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 | — | -$29.5 | — | — | $152.1K | — |
| FY23 | — | -$25.2 | — | — | $2.1M | — |
| FY22 | — | -$34.6 | — | — | $1.4M | — |
| FY21 | — | $20.8 | — | — | $0 | — |
| FY20 | — | -$15.4 | — | — | $692.5K | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $692.5K | $0 | $1.4M | $2.1M | $152.1K | $0 |
| YoY change | — | -100% | +InfinityT% | +44.8% | -92.7% | -100% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | $9.3K |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 692.5K | 0 | 1.4M | 2.1M | 152.1K | 0 |
| Cost of revenue | 2.8M | 1.8M | 4.9M | 5.7M | 2.2M | 181.4K |
| Gross profit | -2.1M | -1.4M | -3.4M | -3.6M | -2.1M | -181.4K |
| Gross margin | -300.7% | — | -237.4% | -173.1% | -1.3K% | — |
| Research & development | 3.1M | 2.5M | 4.5M | 5.5M | 1.8M | 174.6K |
| Selling, general & administrative | 4.9M | 5.5M | 6M | 12.8M | 9.3M | 18M |
| Operating expenses | 8M | 13.6M | 12.5M | 18.2M | 11.1M | 18.2M |
| Operating income | -10M | -5.6M | -14M | -21.8M | -13.2M | -18.4M |
| Operating margin | -1.5K% | — | -971.8% | -1K% | -8.6K% | — |
| Non-operating income, net | 660.7K | 23.2M | -15.4M | 1.8M | -18M | -49.8M |
| Pretax income | -11M | 17.8M | -29.5M | -20.7M | -34.5M | -79.1M |
| Income tax | — | 0 | 0 | 0 | 0 | 0 |
| Net income | -11M | 17.8M | -29.5M | -20.7M | -34.5M | -79.1M |
| Net margin | -1.6K% | — | -2K% | -992.9% | -22.7K% | — |
| EBITDA | -8.9M | -28.8M | -28.9M | -19.4M | -12.1M | -37.2M |
| EPS | -15.4 | 20.8 | -34.6 | -25.2 | -29.5 | -2.25 |
| Diluted EPS | -15.4 | 20.8 | -34.6 | -25.2 | -29.5 | -2.25 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | 9.3K | 0 | 0 | 0 | 0 | 407.6K |
| Cost of revenue | 254.8K | 235.7K | -4.5K | -49.8K | 0 | 652.8K |
| Gross profit | -245.5K | -235.7K | 4.5K | 49.8K | 0 | -245.1K |
| Gross margin | -2.6K% | — | — | — | — | -60.1% |
| Research & development | 165.5K | 184.6K | 0 | 0 | -10K | 67.5K |
| Selling, general & administrative | 1.9M | 2.6M | 4.6M | 2.7M | 8.1M | 7.6M |
| Operating expenses | 2.1M | 2.8M | 4.6M | 2.7M | 8.1M | 7.7M |
| Operating income | -2.4M | -3M | -4.6M | -2.6M | -8.1M | -7.9M |
| Operating margin | -25.4K% | — | — | — | — | -1.9K% |
| Non-operating income, net | -8.9M | -3M | -7.5M | -19.8M | -19.6M | 19.1M |
| Pretax income | -11.8M | -16.6M | -12.2M | -22.4M | -27.8M | -459.9K |
| Income tax | 0 | 0 | 0 | 0 | 0 | — |
| Net income | -11.8M | -16.6M | -12.2M | -22.4M | -27.8M | -459.9K |
| Net margin | -126.3K% | — | — | — | — | -112.8% |
| EBITDA | -4.3M | -3.1M | -10.7M | -10.2M | -13.2M | -16.9M |
| EPS | — | -1.4 | -0.9 | -1 | — | -0.01 |
| Diluted EPS | — | -1.4 | -0.9 | -1 | — | -0.01 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 21.5M |
| Enterprise value | — | — | — | — | — | — | 71.4M |
| Shares outstanding | 854.2K | 854.2K | 854.2K | 826.6K | 1.2M | 31.9M | 31.9M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0.01 |
| P/S | — | — | — | — | — | — | 65 |
| P/B | — | — | — | — | — | — | 10.6 |
| EV/EBITDA | — | — | — | — | — | — | -3.09 |
| EV/Sales | — | — | — | — | — | — | 175.2 |
| Earnings yield | — | — | — | — | — | — | 11.1K% |
| FCF yield | — | — | — | — | — | — | -177.8% |
| PEG | — | — | — | — | — | — | -0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -300.7% | — | -237.4% | -173.1% | -1.3K% | — | -60.1% |
| Operating margin | -1.5K% | — | -971.8% | -1K% | -8.6K% | — | -1.9K% |
| Net margin | -1.6K% | — | -2K% | -992.9% | -22.7K% | — | 0% |
| ROE | -85.6% | 5.82% | 171.3% | 239.3% | 91.2% | 520.8% | 472.6% |
| ROA | -80.5% | 5.31% | -224.9% | -196% | -495.2% | -158.7% | -37.5% |
| ROIC | — | -1.83% | -424.9% | 1.6K% | 46% | 131.5% | 131.5% |
| Return on tangible assets | -80.5% | 5.31% | -224.9% | -196% | -495.2% | -158.7% | -196.5% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 13.1 | 0.15 | 0.28 | 0.43 | 0.09 | 0.75 | 0.56 |
| Quick ratio | 12 | 0.05 | 0.25 | 0.28 | 0.02 | 0.75 | 0.56 |
| Debt / equity | — | — | -1.36 | -1.09 | -0.25 | -1.7 | 24.5 |
| Debt / assets | — | — | 1.78 | 0.89 | 1.36 | 0.52 | 0.52 |
| Net debt / EBITDA | — | — | -0.71 | -0.38 | -0.76 | -0.03 | -0.62 |
| Interest coverage | -5.67 | — | -167.4 | -26.4 | -9.31 | -6.27 | -178.7 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.81 | 0 | 1.69 | 2.52 | 0.13 | 0 | 0.01 |
| EPS (basic) | -15.4 | 20.8 | -34.6 | -25.2 | -29.5 | -2.25 | -2.25 |
| EPS (diluted) | -15.4 | 20.8 | -34.6 | -25.2 | -29.5 | -2.25 | -0.86 |
| Book value per share | 15.1 | 357.8 | -20.2 | -10.5 | -32.3 | -0.48 | 0.01 |
| FCF per share | -10.9 | -2.05 | -12.6 | -22.6 | -5.66 | -0.5 | -0.2 |
| Cash per share | 9.83 | 0.56 | 3.37 | 2.6 | 0.18 | 0.77 | 0.05 |
| Capex per share | 1.01 | 0.27 | 0.63 | 1.41 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 125.1% | — | 37.2% | 56% | 0% | — | — |
| Capex / operating cash flow | -8.76% | 1.05% | -1.92% | -7.1% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| $0 |
| $0 |
| $0 |
| $0 |
| $407.6K |
| YoY change | — | — | — | — | -100% | +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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 8.4M | 479.7K | 2.9M | 2.1M | 209.3K | 24.7M |
| Receivables | 53K | 223.3K | 327.2K | 482.3K | 0 | — |
| Inventory | 741.7K | 410.1K | 972.7K | 1.5M | 1.5M | 0 |
| Total current assets | 9.2M | 591.4K | 8.5M | 4.3M | 1.9M | 45.8M |
| Property, plant & equipment | 4.4M | 4M | 4.6M | 6.2M | 5M | — |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 13.7M | 335M | 13.1M | 10.6M | 7M | 49.8M |
| Accounts payable | 245.3K | 3.9M | 4.5M | 4.7M | 6.3M | 2.1M |
| Short-term debt | — | — | 23M | 2.5M | 9.5M | 25.9M |
| Total current liabilities | 704.3K | 4M | 30M | 10M | 20.8M | 61.4M |
| Long-term debt | — | — | 373.9K | 7M | 0 | — |
| Total liabilities | 811.7K | 29.4M | 30.4M | 19.2M | 44.8M | 65M |
| Shareholders' equity | 12.9M | 305.6M | -17.2M | -8.7M | -37.8M | -15.2M |
| Total debt | — | — | 23.4M | 9.5M | 9.5M | 25.9M |
| Net debt | — | — | 20.5M | 7.3M | 9.3M | 1.2M |
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 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 209.3K | 70.9K | 111.1K | 5.9M | 24.7M | 8.3M |
| Receivables | 0 | — | — | — | — | 201.6K |
| Inventory | 1.5M | 0 | 0 | 0 | 0 | 293.5K |
| Total current assets | 1.9M | 1.1M | 1.7M | 11.1M | 45.8M | 35.7M |
| Property, plant & equipment | 5M | 0 | — | — | — | 11K |
| Goodwill & intangibles | — | — | — | — | — | 44.1M |
| Total assets | 7M | 1.3M | 2.5M | 13.2M | 49.8M | 76.1M |
| Accounts payable | 6.3M | 6.2M | 5.1M | 3.9M | 2.1M | 2.6M |
| Short-term debt | 9.5M | 3.8M | 11.1M | 10.9M | 25.9M | 39.7M |
| Total current liabilities | 20.8M | 38.3M | 43.9M | 41.9M | 61.4M | 63.4M |
| Long-term debt | 0 | — | — | — | — | — |
| Total liabilities | 44.8M | 38.3M | 47.2M | 67M | 65M | 74M |
| Shareholders' equity | -37.8M | -37M | -44.7M | -53.9M | -15.2M | 2.2M |
| Total debt | 9.5M | 3.8M | 11.1M | 10.9M | 25.9M | 39.7M |
| Net debt | 9.3M | 3.7M | 11M | 4.9M | 1.2M | 31.5M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -11M | 17.8M | -29.5M | -20.7M | -34.5M | -79.1M |
| Depreciation & amortization | 478.5K | 546.9K | 450.5K | 505.9K | 790.5K | 446.4K |
| Stock-based compensation | 187K | 441.4K | 2.4M | 2.5M | 1.9M | 1.8M |
| Change in working capital | -847.2K | 3.4M | 309.9K | 729.6K | 1.5M | 1.8M |
| Operating cash flow | -9.9M | 22M | -28M | -16.5M | -27M | -50.5M |
| Capital expenditure | -866.2K | -231K | -536K | -1.2M | 0 | — |
| Investing cash flow | -866.2K | -231K | 302.4M | -1.2M | 0 | -16.7M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | 0 | -302.9M | — | — | — |
| Financing cash flow | 5.7M | 5.6M | -294.8M | 18M | 2.5M | 55M |
| Net change in cash | -5.1M | 27.4M | -20.3M | 343.7K | -24.5M | -12.2M |
| Free cash flow | -9.3M | -1.7M | -10.8M | -18.7M | -6.6M | -16.1M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -11.8M | -16.6M | -12.2M | -22.4M | -27.8M | -459.9K |
| Depreciation & amortization | 194.3K | 446.4K | 0 | 0 | 0 | 112.2K |
| Stock-based compensation | 353.8K | 497.2K | 297.5K | 207.5K | 790.4K | 202.6K |
| Change in working capital | 410.7K | -212K | 751.4K | 1.9M | -619.3K | -275.9K |
| Operating cash flow | -10.5M | -5M | -4.9M | -20.6M | -20.1M | 235.8K |
| Capital expenditure | 0 | — | — | — | — | — |
| Investing cash flow | 0 | -750K | -500K | -2.7M | -12.8M | -19.4M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -1.1M | 2.5M | 2.6M | 12.5M | 40.5M | 11.3M |
| Net change in cash | -11.6M | -3.2M | -2.8M | -10.8M | 7.7M | -7.8M |
| Free cash flow | -1.1M | -1.9M | -2.1M | -3.1M | -9M | -9.1M |