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 | — | -$0.13 | — | — | $16.4M | — |
| FY24 | — | -$18.5 | — | — | $4.1M | — |
| FY23 | — | -$7.08 | — | — | $145K | — |
| FY22 | — | -$84 | — | — | $511K | — |
| FY21 | — | -$11.4 | — | — | $120K | — |
| FY20 | — | -$2.56 | — | — | $63K | — |
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 | $63K | $120K | $511K | $145K | $4.1M | $16.4M |
| YoY change | — | +90.5% | +325.8% | -71.6% | +2.7K% | +304% |
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 | $2.8M |
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 | 63K | 120K | 511K | 145K | 4.1M | 16.4M |
| Cost of revenue | — | 0 | 344K | 132K | 2.5M | 8.3M |
| Gross profit | — | 120K | 167K | 13K | 1.6M | 8M |
| Gross margin | — | 100% | 32.7% | 8.97% | 38.7% | 49.1% |
| Research & development | 1.9M | 4.9M | 3M | 901K | 312.3K | 182.5K |
| Selling, general & administrative | 6.9M | 10.3M | 25.8M | 19.4M | 7.2M | 11.4M |
| Operating expenses | 8.8M | 15.2M | 28.9M | 20.3M | 7.5M | 11.5M |
| Operating income | -8.7M | -15M | -28.7M | -20.3M | -6M | -3.5M |
| Operating margin | -13.9K% | -12.5K% | -5.6K% | -14K% | -147.4% | -21.4% |
| Non-operating income, net | 16K | -22.3M | -65.1M | -5.1M | -2.5M | -5.7M |
| Pretax income | -8.7M | -38.5M | -95.3M | -26.5M | -12.4M | -12.6M |
| Income tax | 0 | 0 | 0 | 0 | 0 | -182.8K |
| Net income | -8.7M | -38.5M | -95.3M | -26.5M | -12.4M | -12.4M |
| Net margin | -13.7K% | -32.1K% | -18.6K% | -18.2K% | -306.6% | -76% |
| EBITDA | -7.5M | -36.9M | -55.6M | -19M | -5M | -3.7M |
| EPS | -2.56 | -11.4 | -84 | -7.08 | -18.5 | -0.13 |
| Diluted EPS | -2.56 | -11.4 | -84 | -7.08 | -18.5 | -0.13 |
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 | 2.8M | 3.2M | 5.2M | 3.5M | 4.4M | 5.2M |
| Cost of revenue | 1.9M | 1.9M | 2M | 2.1M | 2.4M | 2.5M |
| Gross profit | 908.2K | 1.3M | 3.2M | 1.5M | 2M | 2.6M |
| Gross margin | 32.2% | 39.9% | 62.1% | 41.7% | 46.2% | 51% |
| Research & development | 267 | 30K | 40.2K | 77.1K | 35.2K | 35.5K |
| Selling, general & administrative | 3M | 2.8M | 2.6M | 2.5M | 3.5M | 2.9M |
| Operating expenses | 3M | 2.8M | 2.7M | 2.6M | 3.5M | 2.9M |
| Operating income | -2.1M | -1.5M | 586K | -1.1M | -1.5M | -276.9K |
| Operating margin | -75.2% | -48.2% | 11.2% | -30.2% | -33.6% | -5.36% |
| Non-operating income, net | -2.6M | 1.8M | -103.6K | 125.4K | -7.5M | -205.2K |
| Pretax income | -6.8M | -620.8K | -526.3K | -1.9M | -9.6M | -1.5M |
| Income tax | 0 | 0 | 0 | 0 | -182.8K | 0 |
| Net income | -6.8M | -620.8K | -526.3K | -1.9M | -9.4M | -1.5M |
| Net margin | -241.1% | -19.6% | -10.1% | -53% | -212.6% | -28.2% |
| EBITDA | -1.9M | -1.5M | 640.5K | -1M | -1.8M | -292.7K |
| EPS | — | -0.73 | -0.42 | -0.29 | — | 0 |
| Diluted EPS | — | -0.73 | -0.42 | -0.29 | — | 0 |
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 | — | — | — | — | — | — | 177.8K |
| Enterprise value | — | — | — | — | — | — | 12.2M |
| Shares outstanding | 3.4M | 3.4M | 1.1M | 4.2M | 734.3K | 264.8M | 264.8M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0 |
| P/S | — | — | — | — | — | — | 0.01 |
| P/B | — | — | — | — | — | — | 0.01 |
| EV/EBITDA | — | — | — | — | — | — | -8.37 |
| EV/Sales | — | — | — | — | — | — | 0.66 |
| Earnings yield | — | — | — | — | — | — | 600K% |
| FCF yield | — | — | — | — | — | — | -1.3K% |
| PEG | — | — | — | — | — | — | -0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 100% | 32.7% | 8.97% | 38.7% | 49.1% | 51% |
| Operating margin | -13.9K% | -12.5K% | -5.6K% | -14K% | -147.4% | -21.4% | -5.36% |
| Net margin | -13.7K% | -32.1K% | -18.6K% | -18.2K% | -306.6% | -76% | -72.2% |
| ROE | -99.2% | 152.6% | -1.4K% | 187.6% | -235.6% | -112.4% | -137.7% |
| ROA | -91.8% | -127% | -269% | -3.6K% | -29.8% | -27.9% | -2.94% |
| ROIC | -1.5K% | -11.8K% | -662.7% | 204.2% | -30.7% | -16% | -10.4% |
| Return on tangible assets | -91.8% | -128.6% | -304.1% | 85.3K% | 45.6% | 40.7% | 45.2% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 14 | 0.21 | 1.78 | 0.02 | 0.09 | 0.11 | 0.14 |
| Quick ratio | 14 | 0.2 | 1.59 | 0.02 | 0.08 | 0.1 | 0.14 |
| Debt / equity | — | -1.28 | 0.47 | -0.3 | 2.7 | 0.99 | 1.26 |
| Debt / assets | — | 1.06 | 0.09 | 5.8 | 0.34 | 0.25 | 0.27 |
| Net debt / EBITDA | — | -0.69 | 0.04 | -0.22 | -2.82 | -2.93 | -4.83 |
| Interest coverage | — | -33.4 | -65.1 | -23.9 | -2.18 | -2.68 | -2.83 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.02 | 0.04 | 0.45 | 0.03 | 5.52 | 0.06 | 52.9 |
| EPS (basic) | -2.56 | -11.4 | -84 | -7.08 | -18.5 | -0.13 | -0.13 |
| EPS (diluted) | -2.56 | -11.4 | -84 | -7.08 | -18.5 | -0.13 | -28.7 |
| Book value per share | 2.58 | -7.45 | 5.92 | -3.34 | 7.18 | 0.04 | 7.8 |
| FCF per share | -2.08 | -4.52 | -22.6 | -1.58 | -3.87 | -0.02 | -0 |
| Cash per share | 2.4 | 2.02 | 4.86 | 0.01 | 0.09 | 0 | 0.05 |
| Capex per share | 0.01 | 0.03 | 0.1 | 0 | — | 0 | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 31.7% | 98.3% | 21.5% | 0% | — | 0.38% | 0.36% |
| Capex / operating cash flow | -0.31% | -0.75% | -0.22% | 0% | — | -0.65% | -0.59% |
| $3.2M |
| $5.2M |
| $3.5M |
| $4.4M |
| $5.2M |
| YoY change | — | — | — | — | +57.1% | +63% |
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 | 8.1M | 6.9M | 5.5M | 38K | 68.3K | 207.5K |
| Receivables | — | — | — | — | 2.3M | 2.5M |
| Inventory | 0 | 295K | 1.3M | 0 | 161.5K | 183.6K |
| Total current assets | 8.6M | 7.6M | 12.3M | 233K | 2.9M | 3.1M |
| Property, plant & equipment | 167K | 187K | — | — | 4.3M | 3.9M |
| Goodwill & intangibles | 0 | 382K | 4.1M | 756K | 69M | 75.2M |
| Total assets | 9.4M | 30.3M | 35.4M | 725K | 41.7M | 44.6M |
| Accounts payable | 366K | 3.5M | 3.5M | 4.6M | 6.7M | 7M |
| Short-term debt | — | 32.2M | 1.4M | 4.2M | 10.6M | 7.8M |
| Total current liabilities | 614K | 36.1M | 6.9M | 14.3M | 32.7M | 28.7M |
| Long-term debt | — | — | 1.7M | — | 3.7M | 3.2M |
| Total liabilities | 704K | 55.5M | 28.7M | 14.8M | 36.4M | 33.5M |
| Shareholders' equity | 8.7M | -25.2M | 6.7M | -14.1M | 5.3M | 11.1M |
| Total debt | — | 32.2M | 3.1M | 4.2M | 14.3M | 11M |
| Net debt | — | 25.3M | -2.4M | 4.2M | 14.2M | 10.8M |
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 | 68.3K | 16.9K | 321.8K | 628.6K | 207.5K | 65.9K |
| Receivables | 2.3M | 2.7M | 4.9M | 3.2M | 2.5M | 3.9M |
| Inventory | 161.5K | 188.4K | 166.1K | 171.1K | 183.6K | 188.6K |
| Total current assets | 2.9M | 3.2M | 5.6M | 4.2M | 3.1M | 4.5M |
| Property, plant & equipment | 4.3M | 4.2M | 4.1M | 4M | 3.9M | 3.7M |
| Goodwill & intangibles | 69M | 69M | 80.6M | 87.9M | 75.2M | 75.1M |
| Total assets | 41.7M | 41.9M | 50M | 52.1M | 44.6M | 45.8M |
| Accounts payable | 6.7M | 7.3M | 7M | 6.8M | 7M | 7.5M |
| Short-term debt | 10.6M | 6.4M | 11.6M | 7.6M | 7.8M | 9.1M |
| Total current liabilities | 32.7M | 28.7M | 32.9M | 28.6M | 28.7M | 31.6M |
| Long-term debt | 3.7M | 3.6M | 3.4M | 3.3M | 3.2M | 3M |
| Total liabilities | 36.4M | 32.2M | 36.3M | 32M | 33.5M | 36.2M |
| Shareholders' equity | 5.3M | 9.7M | 13.7M | 20.1M | 11.1M | 9.6M |
| Total debt | 14.3M | 10M | 15.1M | 10.9M | 11M | 12.2M |
| Net debt | 14.2M | 9.9M | 14.8M | 10.2M | 10.8M | 12.1M |
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 | -8.7M | -38.5M | -95.3M | -26.5M | -12.4M | -12.4M |
| Depreciation & amortization | 1.3M | 98K | 1.5M | 1.3M | 1.2M | 597.4K |
| Stock-based compensation | 920K | 131K | 11M | 381K | -101.7K | -164.2K |
| Change in working capital | -281K | 301K | -2.9M | 2.6M | 894.1K | -369.5K |
| Operating cash flow | -6.4M | -15.7M | -49.6M | -14.4M | -7M | -9.6M |
| Capital expenditure | -20K | -118K | -110K | 0 | — | -62K |
| Investing cash flow | -420K | -231K | -110K | 0 | 13.3K | -555.6K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 14.1M | 14.1M | 23.6M | 1.2M | 1.6M | 360.4K |
| Net change in cash | 7.3M | -1.8M | -26.1M | -13.2M | -5.4M | -9.8M |
| Free cash flow | -7.1M | -15.3M | -25.6M | -6.6M | -2.8M | -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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -6.8M | -620.8K | -526.3K | -1.9M | -9.4M | -1.5M |
| Depreciation & amortization | 439K | 143K | 146.8K | 143.2K | 164.4K | 171.1K |
| Stock-based compensation | -195.7K | 27.7K | 18.9K | -210.8K | 1 | 0 |
| Change in working capital | -1.3M | -119K | -2.8M | 1.2M | 1.4M | -1.3M |
| Operating cash flow | -6.5M | 313.1K | -2.2M | 90.7K | -7.6M | -1.5M |
| Capital expenditure | — | — | -14.9K | -28.4K | -18.7K | -4K |
| Investing cash flow | -671 | — | -14.9K | -522K | -18.7K | -4K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 599.4K | 1M | 2.5M | 528.7K | -3.6M | -953.5K |
| Net change in cash | -5.9M | 1.3M | 287.6K | 97.5K | -11.3M | -2.4M |
| Free cash flow | -1.8M | -1.3M | -2.4M | -173.2K | -122.8K | -581.9K |