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 | -$0.13 | -18.2% | — | $0 | — |
| Q1 26 | -$0.18 | -$0.14 | +22.2% | — | $0 | — |
| Q4 25 | -$0.13 | -$0.14 | -7.7% | — | $0 | — |
| Q3 25 | -$0.19 | -$0.27 | -42.1% | — | $0 | — |
| Q2 25 | -$0.25 | -$0.17 | +32.0% | — | $0 | — |
| Q1 25 | -$0.18 | -$0.16 | +11.1% | — | $0 | — |
| Q4 24 | -$0.35 | -$0.2 | +42.9% | — | $0 | — |
| Q3 24 | -$0.47 | -$0.11 | +76.6% | — | $0 | — |
| Q2 24 | -$0.41 | -$0.4 | +2.4% | — | $0 | — |
| Q1 24 | -$0.39 | -$0.46 | -17.9% | — | $0 | — |
| Q4 23 | -$0.39 | -$0.42 | -7.7% | — | $0 | — |
| Q3 23 | -$0.38 | -$0.36 | +5.3% | — | $0 | — |
| Q2 23 | -$0.43 | -$0.35 | +18.6% | — | $0 | — |
| Q1 23 | -$0.42 | -$0.38 | +9.5% | — | $0 | — |
| Q4 22 | -$0.41 | -$0.43 | -4.9% | — | $0 | — |
| Q3 22 | — | -$0.49 | — | — | $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 | — | -$0.7 | — | — | $0 | — |
| FY24 | — | -$1.05 | — | — | $0 | — |
| FY23 | — | -$1.49 | — | — | $0 | — |
| FY22 | — | -$1.75 | — | — | $0 | — |
| FY21 | — | -$1.18 | — |
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 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 |
|---|
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 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 1.4M | 3.5M | 8.9M | 11.1M | 10M | 14.5M |
| Selling, general & administrative | 5.6M | 4.3M | 6.1M | 9.1M | 6.9M | 9.7M |
| Operating expenses | 7M | 7.7M | 15.9M | 20M | 16.9M | 23.9M |
| Operating income | -7M | -7.7M | -15.9M | -20M | -16.9M | -23.9M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | 47.9K | -4M | 98.4K | 205.1K | -6.7M | 1.2M |
| Pretax income | -7M | -12.6M | -15.8M | -19.8M | -23.3M | -22.4M |
| Income tax | — | — | — | — | — | — |
| Net income | -7M | -12.6M | -15.8M | -19.8M | -23.3M | -22.4M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -7M | -7.7M | -15.9M | -20M | -16.6M | -23.6M |
| EPS | -0.62 | -1.18 | -1.75 | -1.49 | -1.05 | -0.7 |
| Diluted EPS | -0.62 | -1.18 | -1.75 | -1.49 | -1.05 | -0.7 |
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 | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 2.6M | 3.7M | 2.3M | 2.1M | 2.7M | 3M | 3.2M | 3.1M | 6.4M | 1.9M | 3.5M | 5.6M |
| Selling, general & administrative | 2.4M | 2.7M | 1.6M | 1.8M | 1.5M | 2M | 2.2M | 2.1M | 3M | 2.4M | 3.4M | 2.7M |
| Operating expenses | 4.9M | 6.4M | 3.9M | 3.8M | 4.2M | 5M | 5.4M | 5.2M | 9.4M | 4.3M | 6.7M | 8.1M |
| Operating income | -4.9M | -6.4M | -3.9M | -3.8M | -4.2M | -5M | -5.4M | -5.2M | -9.4M | -4M | -6.7M | -8.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 18.2K | 63.2K | -4.2M | -5.2M | 1.3M | 1.3M | 826K | -260.6K | 379.3K | 253.5K | 255K | -69.8K |
| Pretax income | -4.9M | -6.3M | -8.1M | -8.9M | -2.7M | -3.6M | -4.5M | -5.3M | -8.9M | -3.6M | -6.4M | -7.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -4.9M | -6.3M | -8.1M | -8.9M | -2.7M | -3.6M | -4.5M | -5.3M | -8.9M | -3.6M | -6.4M | -7.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -4.9M | -6.3M | -3.9M | -3.7M | -4.1M | -4.9M | -6.3M | -4.9M | -9.3M | -3.9M | -7M | -8M |
| EPS | -0.36 | — | -0.46 | -0.4 | -0.11 | — | -0.16 | -0.18 | -0.27 | — | -0.14 | -0.13 |
| Diluted EPS | -0.36 | — | -0.46 | -0.4 | -0.11 | — | -0.16 | -0.18 | -0.27 | — | -0.14 | -0.13 |
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 | — | — | — | — | — | — | 71.8M |
| Enterprise value | — | — | — | — | — | — | 44.2M |
| Shares outstanding | 10.6M | 10.6M | 9.3M | 13.3M | 22.2M | 32.1M | 32.1M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -1.67 |
| P/B | — | — | — | — | — | — | 3.47 |
| EV/EBITDA | — | — | — | — | — | — | -1.87 |
| Earnings yield | — | — | — | — | — | — | -59.8% |
| FCF yield | — | — | — | — | — | — | -19.2% |
| PEG | — | — | — | — | — | — | 0.06 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | 430.6% | -137% | -185.4% | -4.1K% | -639.8% | -942.7% | -218.7% |
| ROA | -932.2% | -111% | -131.2% | -261.3% | -229% | -230.8% | -92.1% |
| Return on tangible assets | -932.2% | -111% | -131.2% | -261.3% | -229% | -230.8% | -95.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.44 | 4.97 | 3.61 | 1.53 | 2.65 | 1.66 | 4.51 |
| Quick ratio | 0.44 | 4.97 | 3.61 | 1.53 | 2.65 | 1.66 | 4.51 |
| Debt / equity | -0.29 | — | — | — | — | — | 0 |
| Debt / assets | 0.62 | — | — | — | — | — | — |
| Net debt / EBITDA | 0.03 | — | — | — | — | — | — |
| Interest coverage | -215 | -14.2 | -2.3K | -2.9K | -408K | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.62 | -1.18 | -1.75 | -1.49 | -1.05 | -0.7 | -0.7 |
| EPS (diluted) | -0.62 | -1.18 | -1.75 | -1.49 | -1.05 | -0.7 | -0.63 |
| Book value per share | -0.15 | 0.86 | 0.92 | 0.04 | 0.16 | 0.07 | 0.34 |
| FCF per share | -0.17 | -0.39 | -1.3 | -0.99 | -0.71 | -0.59 | -0.37 |
| Cash per share | 0.06 | 0.99 | 1.18 | 0.54 | 0.43 | 0.27 | 0.45 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.62 | — | — | $0 | — |
| 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 | 663.5K | 10.6M | 11M | 7.2M | 9.6M | 8.7M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 746.5K | 10.7M | 11.8M | 7.6M | 10.2M | 9.7M |
| Property, plant & equipment | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 746.5K | 11.3M | 12M | 7.6M | 10.2M | 9.7M |
| Accounts payable | 154.9K | 960.4K | 1.2M | 1.6M | 1.5M | 2M |
| Short-term debt | 32K | — | — | — | — | — |
| Total current liabilities | 1.7M | 2.1M | 3.3M | 4.9M | 3.8M | 5.8M |
| Long-term debt | 431.8K | — | — | — | — | — |
| Total liabilities | 2.4M | 2.1M | 3.5M | 7.1M | 6.5M | 7.3M |
| Shareholders' equity | -1.6M | 9.2M | 8.5M | 477.5K | 3.6M | 2.4M |
| Total debt | 463.8K | — | — | — | — | — |
| Net debt | -199.7K | — | — | — | — | — |
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 | 6.1M | 7.2M | 8.3M | 11.6M | 8.7M | 9.6M | 10.9M | 10.1M | 10.9M | 8.7M | 34.4M | 27.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 6.6M | 7.6M | 8.7M | 12M | 9.2M | 10.2M | 11.9M | 11M | 11.8M | 9.7M | 35.3M | 28.2M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 7M | 7.6M | 8.7M | 12M | 9.2M | 10.2M | 11.9M | 11M | 11.8M | 9.7M | 35.3M | 28.2M |
| Accounts payable | 1.2M | 1.6M | 1.9M | 1.3M | 1.2M | 1.5M | 1.8M | 1.7M | 3.2M | 2M | 3M | 2.8M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 4.1M | 4.9M | 4.9M | 3.5M | 3.6M | 3.8M | 5.1M | 5M | 10M | 5.8M | 6.3M | 6.3M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 4.3M | 7.1M | 14.5M | 8.9M | 7.6M | 6.5M | 6.9M | 7.2M | 11.7M | 7.3M | 7.6M | 7.6M |
| Shareholders' equity | 2.7M | 477.5K | -5.8M | 3.2M | 1.6M | 3.6M | 4.9M | 3.9M | 41.7K | 2.4M | 27.8M | 20.7M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | -7M | -12.6M | -15.8M | -19.8M | -23.3M | -22.4M |
| Depreciation & amortization | — | — | — | — | — | — |
| Stock-based compensation | 3.9M | 2.7M | 2.3M | 3.1M | 1.9M | 2.6M |
| Change in working capital | 480.8K | 150.8K | 382.7K | 630.3K | -62K | 600.1K |
| Operating cash flow | -2.6M | -9.1M | -12M | -15.3M | -21.2M | -18.8M |
| Capital expenditure | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 798.1K | 13.5M | 12M | 9.3M | 18M | 17M |
| Net change in cash | -1.8M | 4.4M | 39.9K | -6.1M | -3.3M | -1.8M |
| Free cash flow | -1.8M | -4.1M | -12.1M | -13.1M | -15.7M | -18.8M |
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 | -4.9M | -6.3M | -8.1M | -8.9M | -2.7M | -3.6M | -4.5M | -5.3M | -8.9M | -3.6M | -6.4M | -7.9M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 570.9K | 1.4M | 350K | 413.9K | 455.4K | 693.4K | 371.5K | 802.5K | 646.9K | 810.8K | 650K | 723.9K |
| Change in working capital | -55K | 391.7K | 146.6K | -556K | 13.9K | 333.6K | 359.1K | -153K | 1.5M | -1.1M | 940.9K | -144.8K |
| Operating cash flow | -4.2M | -4.5M | -7.6M | -9M | -2.2M | -2.5M | -3.8M | -4.1M | -3.5M | -7M | -5.3M | -6.8M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 124.5K | 5M | 4.7M | 7.8M | 596.6K | 4.8M | 5.5M | 3.1M | 3.7M | 4.8M | 31M | -65K |
| Net change in cash | -4M | 571.1K | -2.8M | -1.2M | -1.6M | 2.4M | 1.7M | -1.1M | 175.6K | -2.2M | 25.7M | -6.8M |
| Free cash flow | -3.2M | -4M | -3.6M | -4.7M | -3.5M | -3.9M | -4.2M | -4.1M | -3.5M | -7M | -5.3M | -6.8M |