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 % |
|---|---|---|---|---|---|---|
| Q4 25 | -$26.9 | -$35.4 | -31.5% | — | — | — |
| Q3 25 | -$21.1 | -$31.9 | -51.0% | — | — | — |
| Q2 25 | -$28.8 | -$35.9 | -24.8% | — | — | — |
| Q1 25 | -$71 | -$51.8 | +27.0% | — | $0 | — |
| Q3 24 | -$164.2 | -$124.8 | +24.0% | — | $0 | — |
| Q2 24 | -$278.4 | -$268.8 | +3.4% | — | $0 | — |
| Q1 24 | -$518.4 | -$379.4 | +26.8% | — | $0 | — |
| Q4 23 | -$0.2 | -$0.48 | -140.0% | — | $0 | — |
| Q3 23 | -$0.17 | -$0.14 | +17.6% | — | $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 | — | -$95.2 | — | — | $0 | — |
| FY24 | — | -$35.6 | — | — | $0 | — |
| FY23 | — | -$17.3 | — | — | $0 | — |
| FY22 | — | -$7.08 | — | — | $45K | — |
| FY21 | — | -$3.04 | — | — |
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 | $0 | $449K | $45K | $0 | $0 | $0 |
| YoY change | — | +InfinityT% | -90% | -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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|
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 | 0 | 449K | 45K | 0 | 0 | 0 |
| Cost of revenue | 0 | 94K | 14K | 0 | — | — |
| Gross profit | 0 | 355K | 31K | 0 | — | — |
| Gross margin | — | 79.1% | 68.9% | — | — | — |
| Research & development | 3.2M | 4.7M | 7.3M | 13M | 8.9M | 9.7M |
| Selling, general & administrative | 3.6M | 6.2M | 15.9M | 16M | 12.9M | 10.5M |
| Operating expenses | 6.8M | 10.8M | 23.2M | 26.1M | 21.6M | 20.2M |
| Operating income | -6.8M | -10.5M | -23.1M | -26.1M | -21.6M | -20.2M |
| Operating margin | — | -2.3K% | -51.4K% | — | — | — |
| Non-operating income, net | -997K | 174K | -2.1M | 656K | 333K | 349K |
| Pretax income | -7.9M | -10.9M | -25.4M | -29.2M | -22.2M | -20M |
| Income tax | 4K | 11K | 11K | 16K | 14K | 15K |
| Net income | -7.9M | -10.9M | -25.4M | -29.2M | -22.2M | -20.1M |
| Net margin | — | -2.4K% | -56.5K% | — | — | — |
| EBITDA | -6.7M | -10.3M | -22.9M | -27.6M | -20.1M | -18.4M |
| EPS | -2.21 | -3.04 | -7.08 | -17.3 | -35.6 | -95.2 |
| Diluted EPS | -2.21 | -3.04 | -7.08 | -17.3 | -35.6 | -95.2 |
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 | 0 |
| Cost of revenue | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Gross profit | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 3.3M | 4M | 2.7M | 2.2M | 2.2M | 1.8M | 2.4M | 2.6M | 2.4M | 2.4M | 2.6M | 2.6M |
| Selling, general & administrative | 4M | 5.9M | 4M | 3.6M | 3.1M | 2.2M | 2.6M | 3.1M | 2.7M | 2.1M | 1.6M | 1.6M |
| Operating expenses | 6.5M | 9.2M | 6.8M | 5.6M | 5.2M | 4M | 5M | 5.7M | 5M | 4.5M | 4.2M | 4.2M |
| Operating income | -6.5M | -9.2M | -6.8M | -5.6M | -5.2M | -4M | -5M | -5.7M | -5M | -4.5M | -4.2M | -4.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 4.8M | 1.2M | -216K | 105K | 388K | 56K | 25K | -41K | -82K | 447K | 121K | 30K |
| Pretax income | -2M | -8.2M | -7.2M | -5.8M | -5.1M | -4.1M | -5.1M | -5.8M | -5.2M | -4.1M | -4.1M | -4.2M |
| Income tax | 11K | -3K | 4K | 8K | -1K | 3K | 3K | 4K | 10K | -2K | 4K | 5K |
| Net income | -2M | -8.2M | -7.2M | -5.8M | -5.1M | -4.1M | -5.1M | -5.8M | -5.2M | -4.1M | -4.1M | -4.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -6.2M | -8.9M | -6.4M | -5.2M | -4.8M | -3.6M | -4.6M | -5.3M | -4.6M | -3.9M | -3.7M | -3.7M |
| EPS | -1.41 | — | -2 | -14 | -7.8 | — | -2.16 | -31.8 | -35.4 | — | -6.88 | -2.94 |
| Diluted EPS | -1.41 | — | -2 | -14 | -7.8 | — | -2.16 | -31.8 | -35.4 | — | -6.88 | -2.94 |
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 | — | — | — | — | — | — | 2.8M |
| Enterprise value | — | — | — | — | — | — | 801.7K |
| Shares outstanding | 3.6M | 3.6M | 3.6M | 1.7M | 667.1K | 268.9K | 268.9K |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0.75 |
| P/B | — | — | — | — | — | — | 0.75 |
| EV/EBITDA | — | — | — | — | — | — | -0.05 |
| Earnings yield | — | — | — | — | — | — | 133% |
| FCF yield | — | — | — | — | — | — | -362.3% |
| PEG | — | — | — | — | — | — | -0.01 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 79.1% | 68.9% | — | — | — | — |
| Operating margin | — | -2.3K% | -51.4K% | — | — | — | 0% |
| Net margin | — | -2.4K% | -56.5K% | — | — | — | 0% |
| ROE | 35.3% | 34.6% | 50.4% | 354.8% | -1.1K% | -533.7% | -672.2% |
| ROA | -428.6% | -322.4% | -979.1% | -291.6% | -156.6% | -226.5% | -134.8% |
| ROIC | 60.6% | 36.7% | 51.6% | 885.6% | 3.7K% | -2.8K% | -1.8K% |
| Return on tangible assets | -428.6% | -322.4% | -979.1% | -291.6% | -156.6% | -226.5% | -243% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.06 | 0.11 | 0.02 | 0.42 | 1.08 | 1.59 | 1.68 |
| Quick ratio | 0.06 | 0.11 | 0.02 | 0.42 | 1.08 | 1.59 | 1.68 |
| Debt / equity | -0.52 | -0.16 | -0.12 | -0.88 | 3.58 | 0.68 | 0.62 |
| Debt / assets | 6.33 | 1.53 | 2.31 | 0.72 | 0.5 | 0.29 | 0.27 |
| Net debt / EBITDA | -1.7 | -0.29 | -0.25 | -0.19 | 0.13 | 0.16 | 0.13 |
| Interest coverage | -47.7 | -16.8 | -159.9 | -26.3 | -22.8 | -95.9 | -111.1 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.13 | 0.01 | 0 | 0 | 0 | 0 |
| EPS (basic) | -2.21 | -3.04 | -7.08 | -17.3 | -35.6 | -95.2 | -95.2 |
| EPS (diluted) | -2.21 | -3.04 | -7.08 | -17.3 | -35.6 | -95.2 | -37 |
| Book value per share | -6.26 | -8.8 | -14 | -4.88 | 2.95 | 14 | 1.5 |
| FCF per share | -1.44 | -2.22 | -3.8 | -16.3 | -29.5 | -79.6 | -12.6 |
| Cash per share | 0.12 | 0.6 | 0.1 | 1.15 | 14.4 | 20.8 | 1.57 |
| Capex per share | 0.1 | 0.06 | 0.12 | 0.35 | 0.02 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 45.9% | 951.1% | — | — | — | — |
| Capex / operating cash flow | -5.41% | -2.3% | -2.82% | -2.21% | -0.08% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| $449K |
| — |
| FY20 | — | -$2.21 | — | — | $0 | — |
| 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% | 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 420K | 2.1M | 372K | 1.9M | 9.6M | 5.6M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 513K | 2.7M | 786K | 4.3M | 10.2M | 6.3M |
| Property, plant & equipment | 723K | 585K | 1.1M | 5.3M | 3.8M | 2.5M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 1.9M | 3.4M | 2.6M | 10M | 14.2M | 8.9M |
| Accounts payable | 822K | 510K | 2.1M | 2.8M | 2.1M | 595K |
| Short-term debt | 5.3M | 5.1M | 5.5M | 1.9M | 4.4M | 1.5M |
| Total current liabilities | 8.9M | 26M | 43M | 10.2M | 9.5M | 3.9M |
| Long-term debt | 6.4M | 43K | 447K | 5.3M | 2.6M | 1M |
| Total liabilities | 24.3M | 35M | 53M | 18.3M | 12.2M | 5.1M |
| Shareholders' equity | -22.5M | -31.6M | -50.4M | -8.2M | 2M | 3.8M |
| Total debt | 11.7M | 5.2M | 6M | 7.2M | 7M | 2.6M |
| Net debt | 11.3M | 3M | 5.6M | 5.3M | -2.6M | -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 | 10.1M | 1.9M | 1.1M | 836K | 1.9M | 9.6M | 10.6M | 5.3M | 10.4M | 5.6M | 6.6M | 4.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 11.7M | 4.3M | 1.9M | 1.6M | 2.2M | 10.2M | 11.5M | 6M | 11M | 6.3M | 7.4M | 5.4M |
| Property, plant & equipment | 5.5M | 5.3M | 5M | 4.6M | 4.2M | 3.8M | 3.4M | 3.3M | 2.9M | 2.5M | 2.1M | 1.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 18.6M | 10M | 7.4M | 6.4M | 6.7M | 14.2M | 15.1M | 9.4M | 14M | 8.9M | 9.6M | 7.2M |
| Accounts payable | 1.4M | 2.8M | 3.8M | 4.5M | 3.6M | 2.1M | 1.2M | 1.2M | 1.1M | 595K | 849K | 930K |
| Short-term debt | 4.4M | 1.9M | 5.4M | 4.2M | 4.3M | 4.4M | 2.5M | 2.2M | 1.9M | 1.5M | 1.5M | 1.2M |
| Total current liabilities | 10.9M | 10.2M | 15M | 13.1M | 11.6M | 9.5M | 5.4M | 5.4M | 5.2M | 3.9M | 3.8M | 3.2M |
| Long-term debt | 5.3M | 5.3M | 6.3M | 4.6M | 4.7M | 2.6M | 2.3M | 1.8M | 1.4M | 1M | 753K | 766K |
| Total liabilities | 19.7M | 18.3M | 22M | 18.2M | 16.5M | 12.2M | 7.8M | 7.3M | 6.8M | 5.1M | 4.7M | 4.1M |
| Shareholders' equity | -1.1M | -8.2M | -14.6M | -11.8M | -9.8M | 2M | 7.3M | 2.1M | 7.2M | 3.8M | 4.9M | 3.1M |
| Total debt | 9.8M | 7.2M | 11.7M | 8.7M | 9M | 7M | 4.7M | 4M | 3.3M | 2.6M | 2.3M | 1.9M |
| Net debt | -397K | 5.3M | 10.6M | 7.9M | 7.1M | -2.6M | -5.9M | -1.3M | -7.1M | -3M | -4.4M | -2.1M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -7.9M | -10.9M | -25.4M | -29.2M | -22.2M | -20.1M |
| Depreciation & amortization | 117K | 153K | 253K | 1.3M | 1.5M | 1.7M |
| Stock-based compensation | 968K | 1.3M | 6.1M | 4.8M | 3M | 2.1M |
| Change in working capital | 293K | -239K | 1.6M | -5.3M | -1.6M | -2.7M |
| Operating cash flow | -6.5M | -9M | -15.2M | -26.5M | -19.6M | -21.3M |
| Capital expenditure | -351K | -206K | -428K | -585K | -16K | — |
| Investing cash flow | -388K | -215K | -494K | -478K | -16K | -50K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | -175K | 0 | — | — | — | — |
| Financing cash flow | 4.6M | 9.7M | 12M | 28.5M | 20.4M | 13.1M |
| Net change in cash | -2.3M | 530K | -3.7M | 1.5M | 763K | -8.2M |
| Free cash flow | -5.2M | -8M | -13.6M | -27.6M | -19.7M | -21.4M |
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 | — | -8.2M | -7.2M | -5.8M | -5.1M | -4.1M | -5.1M | -5.8M | -5.2M | -4.1M | -4.1M | -4.2M |
| Depreciation & amortization | — | 364K | 374K | 378K | 390K | 393K | 394K | 407K | 427K | 423K | 426K | 438K |
| Stock-based compensation | — | 1.2M | 888K | 751K | 692K | 626K | 607K | 522K | 529K | 450K | 231K | 157K |
| Change in working capital | — | 2.8M | 730K | -77K | -866K | -1.4M | -1M | -466K | -495K | -716K | -93K | -268K |
| Operating cash flow | — | -5.4M | -5.2M | -4.7M | -4.8M | -4.9M | -5.1M | -4.9M | -4.2M | -5M | -4.1M | -4.4M |
| Capital expenditure | — | -70K | -5K | 0 | -6K | -5K | -7K | — | — | — | — | — |
| Investing cash flow | — | -35K | -5K | 0 | -6K | -5K | -7K | — | — | — | — | — |
| Dividends paid | — | — | 0 | 0 | 0 | — | 0 | 0 | 0 | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 3.3M | -3.3M | 3M | 2.2M | 5.1M | 10.1M | 8.1M | -592K | 5.7M | 461K | 5.2M | 1.9M |
| Net change in cash | 3.3M | -8.7M | -2.2M | -2.5M | 232K | 5.2M | 3M | -5.5M | 1.4M | -4.6M | 1M | -2.4M |
| Free cash flow | — | -5.3M | -3.8M | -5.5M | -5M | -5.4M | -7.1M | -4.9M | -4.3M | -5.1M | -4.1M | -4.4M |