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 | -$0.11 | -$0.17 | -54.5% | — | $0 | — |
| Q1 26 | -$1.03 | -$1.81 | -75.7% | — | — | — |
| Q4 25 | -$0.13 | $1.88 | +1546.2% | — | — | — |
| Q3 25 | $0.34 | $1.73 | +408.8% | — | — | — |
| Q2 25 | -$0.11 | $1.49 | +1454.5% | — | — | — |
| Q1 25 | -$0.21 | $1 | +576.2% | — | — | — |
| Q4 24 | $1.15 | $1.6 | +39.1% | — | — | — |
| Q3 24 | -$1.4 | -$0.61 | +56.4% | — | — | — |
| Q2 24 | -$0.99 | -$0.51 | +48.5% | — | — | — |
| Q1 24 | -$0.61 | -$1.47 | -141.0% | — | $0 | — |
| Q4 23 | -$1.04 | -$1.38 | -32.7% | — | $0 | — |
| Q3 23 | -$1.93 | -$1.09 | +43.5% | — | $0 | — |
| Q2 23 | -$0.91 | -$2.1 | -130.8% | — | $0 | — |
| Q1 23 | -$1.07 | -$1.05 | +1.9% | — | $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 | — | -$2.8 | — | — | $0 | — |
| FY24 | — | -$3.49 | — | — | $0 | — |
| FY23 | — | -$5.61 | — | — | $0 | — |
| FY22 | — | -$3.49 | — | — | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 14.4K | 0 | — | — | — | 210.1K | 677K | 662.8K | 711.3K | 604.7K |
| Gross profit | -14.4K | 0 | — | — | — | -210.1K | -677K | -662.8K | -711.3K | -604.7K |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 1.2M | 2.8M | 3.8M | 4.4M | 5.6M | 10.4M | 10.3M | 9.1M | 10.6M | 13.1M |
| Operating expenses | 1.2M | 2.8M | 3.8M | 4.4M | 5.6M | 10.5M | 18.9M | 17M | 14.7M | 18.9M |
| Operating income | -1.2M | -2.8M | -3.8M | -4.4M | -5.6M | -10.7M | -19.5M | -17.6M | -15.4M | -19.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | -2.6M | -4.1M | -3.7M | 35.8M | -3.8M | -20.2M | -11.3M | -10.4M |
| Pretax income | -1.2M | -2.8M | -6.2M | -8.4M | -9.2M | 25.2M | -23.6M | -39.7M | -38.1M | -35.8M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 1.3M | -119.7K | 0 | -83.4K | 303.2K |
| Net income | -1.2M | -2.8M | -6.2M | -8.4M | -9.2M | 23.9M | -23.5M | -39.7M | -38M | -36.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -1.2M | -2.8M | -3.8M | -4.4M | -5.6M | 25.2M | -23.1M | -38M | 26.9M | 71M |
| EPS | -0.31 | -0.62 | -1.09 | -1.33 | -1.43 | 3.82 | -3.49 | -5.61 | -3.49 | -2.8 |
| Diluted EPS | -0.31 | -0.62 | -1.09 | -1.33 | -1.43 | 3.82 | -3.49 | -5.61 | -3.49 | -2.8 |
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 | 0 |
| Cost of revenue | 160.7K | 160.3K | 155.1K | 155.1K | 214.5K | 186.6K | 142.5K | 136.6K | 100.1K | 225.6K | 167.9K | 181.8K |
| Gross profit | -160.7K | -160.3K | -155.1K | -155.1K | -214.5K | -186.6K | -142.5K | -136.6K | -100.1K | -225.6K | -167.9K | -181.8K |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 2M | 2.5M | 2.5M | 2.2M | 2.6M | 3.3M | 2.4M | 3.1M | 2.5M | 5M | 3.9M | 5.3M |
| Operating expenses | 2.2M | 3.5M | 2.6M | 2.2M | 5.6M | 4.3M | 2.9M | 4.2M | 4.5M | 7.4M | 7.8M | 17.6M |
| Operating income | -2.4M | -3.7M | -2.7M | -2.4M | -5.8M | -4.5M | -3.1M | -4.3M | -4.6M | -7.6M | -7.9M | -17.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -5.1M | -6.1M | -15.8M | -13.2M | 400.1K | 17.3M | -16.8M | 21.9M | 448.8K | -16M | -6.3M | 20.7M |
| Pretax income | -7.9M | -10.4M | -20.5M | -18.5M | -9M | 9.9M | -22.3M | 15.9M | -5.5M | -23.9M | -14.3M | 2.9M |
| Income tax | 0 | 0 | — | — | 718.8K | -802.2K | 223.7K | -52.5K | -73.2K | 205.2K | -23K | -1.9M |
| Net income | -7.9M | -10.4M | -20.5M | -18.5M | -9.7M | 10.7M | -22.5M | 15.9M | -5.4M | -24.1M | -14.3M | 4.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -7.4M | -9.8M | -2.8M | -3M | 22.9M | 9.8M | 19.5M | 23.4M | 25.4M | 2.7M | 5.7M | -7.6M |
| EPS | -1.08 | — | -2.14 | -1.9 | -0.81 | — | -1.88 | 1.26 | -0.44 | — | -0.83 | 0.14 |
| Diluted EPS | -1.08 | — | -2.14 | -1.9 | -0.81 | — | -1.88 | 1.24 | -0.44 | — | -0.83 | 0.14 |
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 | 41.4M | — | — | — | 68M | 137.5M | 161.6M | 180.6M | — | — | 566.8M |
| Enterprise value | 40.1M | — | — | — | 65M | 102.3M | 157.8M | 194.4M | — | — | 558.7M |
| Shares outstanding | 3.9M | 4.6M | 5.7M | 6.3M | 6.5M | 6.3M | 6.7M | 7.1M | 10.9M | 12.9M | 12.9M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 5.76 | — | — | — | — | 92.4 |
| P/B | 34.5 | — | — | — | 34.1 | 3.98 | 12.2 | -37.8 | — | — | 1.76 |
| EV/EBITDA | -32.9 | — | — | — | -11.6 | 4.06 | -6.82 | -5.12 | — | — | -14.8 |
| Earnings yield | — | — | — | — | — | 17.4% | — | — | — | — | 1.08% |
| FCF yield | -1.67% | — | — | — | -2.05% | -6.12% | -8.66% | -8.13% | — | — | -3.7% |
| PEG | — | — | — | — | — | — | — | — | — | — | -1.04 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -101.8% | -54.2% | -45.1% | -100.2% | -463.2% | 69.1% | -177.1% | 832.6% | -3K% | -143.8% | -23.7% |
| ROA | -93% | -52.8% | -44.3% | -95.4% | -299.6% | 66.4% | -63% | -154.9% | -28.4% | -21% | -7.29% |
| ROIC | 2.2K% | -7.4K% | 3.7K% | 1.7K% | 550.1% | 1.5K% | -207.5% | -195.2% | -30.7% | 331.7% | -13.8% |
| Return on tangible assets | -93% | -52.8% | -44.3% | -95.4% | -299.6% | 66.4% | -63% | -154.9% | -28.4% | -21% | -7.85% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 11.5 | 39.1 | 54.5 | 20.9 | 2.83 | 161.8 | 15.8 | 5.35 | 0.29 | 0.9 | 1.06 |
| Quick ratio | 11.5 | 39.1 | 54.5 | 20.9 | 2.83 | 161.8 | 15.8 | 5.35 | 0.29 | 0.9 | 1.06 |
| Debt / equity | — | — | — | — | — | — | 1.45 | -5.33 | 54.2 | 1.35 | 0.1 |
| Debt / assets | — | — | — | — | — | — | 0.52 | 0.99 | 0.52 | 0.2 | 0.06 |
| Net debt / EBITDA | — | — | — | — | — | — | 0.17 | -0.36 | 1.82 | -0.44 | -2.17 |
| Interest coverage | — | — | — | — | — | — | -70.6 | -19.3 | -2.25 | -3.71 | -7.72 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 5.17% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.31 | -0.62 | -1.09 | -1.33 | -1.43 | 3.82 | -3.49 | -5.61 | -3.49 | -2.8 | -2.8 |
| EPS (diluted) | -0.31 | -0.62 | -1.09 | -1.33 | -1.43 | 3.82 | -3.49 | -5.61 | -3.49 | -2.8 | -2.63 |
| Book value per share | 0.3 | 1.14 | 2.41 | 1.33 | 0.31 | 5.53 | 1.97 | -0.67 | 0.12 | 1.95 | 9.99 |
| FCF per share | -0.18 | -0.25 | -0.18 | -0.17 | -0.21 | -1.35 | -2.08 | -2.07 | 0.06 | 1.98 | -2.12 |
| Cash per share | 0.32 | 1.13 | 2.43 | 1.37 | 0.47 | 5.63 | 3.43 | 1.64 | 1.84 | 5.03 | 2.68 |
| Capex per share | — | — | — | — | 0 | 0.01 | 0.01 | 0 | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | — | — | 0% | 0.12% | -0.23% | 0% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | $3.82 | — | — | $0 | — |
| FY20 | — | -$1.43 | — | — | $0 | — |
| FY19 | — | -$1.33 | — | — | $0 | — |
| FY18 | — | -$1.09 | — | — | $0 | — |
| FY17 | — | -$0.62 | — | — | $0 | — |
| FY16 | — | -$0.31 | — | — | $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 | $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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.3M | 5.2M | 13.8M | 8.6M | 3M | 35.2M | 23.1M | 11.6M | 20.1M | 64.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.3M | 5.4M | 14M | 8.8M | 3.1M | 35.9M | 23.8M | 12.3M | 22.1M | 68.3M |
| Property, plant & equipment | — | — | — | — | — | — | 12.1M | 215.4K | 287.9K | 250.9K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 1.3M | 5.4M | 14M | 8.8M | 3.1M | 36M | 37.3M | 25.7M | 133.9M | 172M |
| Accounts payable | 20.9K | 50.9K | 11.2K | 71.4K | 83.2K | 26.3K | 633.9K | 220.8K | 418.8K | 1M |
| Short-term debt | — | — | — | — | — | — | — | — | 42.6M | 4M |
| Total current liabilities | 113.7K | 137.4K | 256.4K | 419.3K | 1.1M | 222.1K | 1.5M | 2.3M | 75.8M | 76.3M |
| Long-term debt | — | — | — | — | — | — | 19.2M | 25.5M | 26.4M | 29.9M |
| Total liabilities | 113.7K | 137.4K | 256.4K | 419.3K | 1.1M | 1.4M | 24M | 30.4M | 132.6M | 146.9M |
| Shareholders' equity | 1.2M | 5.2M | 13.7M | 8.3M | 2M | 34.5M | 13.3M | -4.8M | 1.3M | 25.1M |
| Total debt | — | — | — | — | — | — | 19.2M | 25.5M | 69M | 33.9M |
| Net debt | — | — | — | — | — | — | -3.9M | 13.8M | 48.9M | -31M |
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 | 2.9M | 11.6M | 7.6M | 24.1M | 36.2M | 20.1M | 35M | 36.5M | 107M | 64.8M | 97.5M | 89M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | 803.8K | — | — | — | — |
| Total current assets | 4.1M | 12.3M | 9M | 25.6M | 37.5M | 22.1M | 37.1M | 38.9M | 108.1M | 68.3M | 102.1M | 95M |
| Property, plant & equipment | 256.3K | 215.4K | 150.6K | 123.3K | 263.1K | 287.9K | 235.1K | 193.5K | 151.2K | 250.9K | 309.6K | 4.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 17.5M | 25.7M | 66.2M | 93.6M | 158.3M | 133.9M | 147.4M | 153.1M | 217.7M | 172M | 496.2M | 496.8M |
| Accounts payable | 75K | 220.8K | 420.9K | 790.6K | 2.4M | 418.8K | 8.9M | 2.5M | 9.5M | 1M | 2.5M | 9.5M |
| Short-term debt | — | — | 21.7M | 29.9M | 34.9M | 42.6M | 24.7M | 17.5M | 11.5M | 4M | 12M | 12.6M |
| Total current liabilities | 581.8K | 2.3M | 32.7M | 50.5M | 80.5M | 75.8M | 91M | 82.1M | 95.2M | 76.3M | 80.2M | 89.4M |
| Long-term debt | 19.4M | 25.5M | 35.4M | 44.7M | 39M | 26.4M | 31.4M | 31M | 30.6M | 29.9M | 21M | 19.5M |
| Total liabilities | 23.3M | 30.4M | 100.2M | 131.5M | 168.5M | 132.6M | 167.9M | 155.5M | 169.8M | 146.9M | 174.7M | 165.3M |
| Shareholders' equity | -5.7M | -4.8M | -34M | -37.9M | -10.2M | 1.3M | -20.5M | -2.4M | 47.8M | 25.1M | 321.5M | 331.5M |
| Total debt | 19.4M | 25.5M | 57.1M | 74.6M | 73.9M | 69M | 56.1M | 48.5M | 42.1M | 33.9M | 33M | 32.1M |
| Net debt | 16.5M | 13.8M | 49.5M | 50.5M | 37.7M | 48.9M | 21.1M | 12.1M | -64.9M | -31M | -64.5M | -56.9M |
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 | -1.2M | -2.8M | -6.2M | -8.4M | -9.2M | 23.9M | -23.5M | -39.7M | -38M | -36.1M |
| Depreciation & amortization | — | — | — | — | — | 0 | 55.7K | 136.5K | 121.9K | 140.7K |
| Stock-based compensation | 507.7K | 1.8M | 2.5M | 3M | 3.4M | 3.9M | 4M | 2.9M | 2.6M | 3.4M |
| Change in working capital | — | — | — | — | 0 | 2.2M | 198.1K | 0 | -649.1K | 542.9K |
| Operating cash flow | -712.5K | -1M | -3.7M | -5.4M | -5.9M | 30M | -19.2M | -36.6M | -31.6M | 25.7M |
| Capital expenditure | — | — | — | — | 0 | -36.5K | -44K | 0 | — | — |
| Investing cash flow | — | 0 | -2.6M | -4.1M | -3.7M | 27.4M | -15.4M | -21.1M | -32.1M | 675.7K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -207.4K | 0 | 0 | -476.7K | 0 | -1.5M | 0 | — | — |
| Financing cash flow | 0 | -414.8K | 0 | 0 | -953.3K | 13.2M | 17.4M | 17.5M | 36M | 18.4M |
| Net change in cash | -712.5K | -1.5M | -6.3M | -9.5M | -10.5M | 70.6M | -17.2M | -40.3M | -27.7M | 44.8M |
| Free cash flow | -692.6K | -1.1M | -1M | -1.1M | -1.4M | -8.4M | -14M | -14.7M | 699K | 25.6M |
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 | -7.9M | -10.4M | -20.5M | -18.5M | -9.7M | 10.7M | -22.5M | 15.9M | -5.4M | -24.1M | -14.3M | 4.8M |
| Depreciation & amortization | 34.2K | 33.9K | 27K | 27K | 34.3K | 33.6K | 33.6K | 33.7K | 33.8K | 39.6K | 39.6K | 39.9K |
| Stock-based compensation | 607.8K | 725K | 670.6K | 641.6K | 661K | 665.5K | 532.6K | 759.1K | 825.6K | 1.2M | 978.1K | 1.4M |
| Change in working capital | 0 | 0 | — | — | — | — | 7.6M | — | — | — | -2.8M | — |
| Operating cash flow | -7.1M | -10.1M | -19.1M | -16.8M | -7.5M | 12.6M | -13.3M | 8.4M | 23.3M | -34.5M | -49.6M | -725.3K |
| Capital expenditure | 0 | 0 | -7.5K | 333 | -35.2K | — | 0 | — | — | — | — | — |
| Investing cash flow | -5.1M | -6.7M | -15.5M | -11.8M | -4.7M | -233.2K | 0 | -150K | -200K | 0 | 30.8M | -1.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 2.3M | 9.9M | 12M | 30.7M | -779.2K | -5.9M | -13.7M | -6.9M | 47.5M | -8.5M | 51.4M | 2.1M |
| Net change in cash | -10M | -6.9M | -22.6M | 2.1M | -12.9M | 6.4M | -27M | 1.4M | 70.5M | -43M | 32.6M | -541.6K |
| Free cash flow | -3M | -1.1M | -4.4M | -2.4M | 17.5M | -9.9M | 28.6M | 8.4M | 23.3M | -34.6M | -49.6M | -9.1M |