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 | -$0.23 | -$0.54 | -134.8% | — | $5.4M | — |
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 | — | -$10.7 | — | — | $9.2M | — |
| FY24 | — | -$6.56 | — | — | $2.7M | — |
| FY23 | — | -$4.04 | — | — | $2.3M | — |
| FY22 | — | -$2.25 | — | — | $1.4M | — |
| FY21 | — | -$7.64 | — | — | $997K | — |
| FY20 | — | -$0.09 | — | — | $101K | — |
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 | $101K | $997K | $1.4M | $2.3M | $2.7M | $9.2M |
| YoY change | — | +887.1% | +39.5% | +62% | +18.7% | +243.4% |
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 |
|---|
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 | 101K | 997K | 1.4M | 2.3M | 2.7M | 9.2M |
| Cost of revenue | 48K | 1.1M | 3.8M | 4.2M | 6.8M | 15M |
| Gross profit | 53K | -143K | -2.4M | -1.9M | -4.2M | -5.8M |
| Gross margin | 52.5% | -14.3% | -173.8% | -85.4% | -155.7% | -62.9% |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 113K | 2.9M | 5.8M | 6.3M | 5.1M | 6.2M |
| Operating expenses | 113K | 2.9M | 5.8M | 6.3M | 5.1M | 6.2M |
| Operating income | -103K | -3.7M | -9.5M | -10.3M | -13.5M | -20.7M |
| Operating margin | -102% | -366.6% | -683.5% | -458.2% | -504.3% | -224.8% |
| Non-operating income, net | -9K | 244K | -469K | -4.1M | -1M | -3M |
| Pretax income | -112K | -3M | -8.1M | -14.4M | -23.9M | -40.1M |
| Income tax | — | 0 | 112K | 1K | 1K | 0 |
| Net income | -112K | -3M | -8.2M | -14.4M | -23.9M | -40.1M |
| Net margin | -110.9% | -305.1% | -592.2% | -637.2% | -891.8% | -436.2% |
| EBITDA | -60K | -3.3M | -8.2M | -4.2M | -7.6M | -8.9M |
| EPS | -0.09 | -7.64 | -2.25 | -4.04 | -6.56 | -10.7 |
| Diluted EPS | -0.09 | -7.64 | -2.25 | -4.04 | -6.56 | -10.7 |
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 | — | 511K | — | — | — | 1.1M | — | — | 2.4M | 3.1M | 4.2M | 5.4M |
| Cost of revenue | — | 1.2M | — | — | — | 2.1M | — | — | 3.8M | 4.5M | 5M | 5M |
| Gross profit | — | -641K | — | — | — | -970K | — | — | -1.4M | -1.4M | -767K | 414K |
| Gross margin | — | -125.4% | — | — | — | -88.7% | — | — | -59.4% | -46.7% | -18.1% | 7.71% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | 1.9M | — | — | — | 1.4M | — | — | 1.3M | 2.1M | 1.8M | 1.2M |
| Operating expenses | — | 1.9M | — | — | — | 1.4M | — | — | 1.3M | 2.1M | 1.8M | 1.2M |
| Operating income | — | -2.9M | — | — | — | -4.2M | — | — | -4.6M | -6.5M | -5.6M | -3.9M |
| Operating margin | — | -565.4% | — | — | — | -387.6% | — | — | -193.1% | -213.6% | -133.2% | -72.2% |
| Non-operating income, net | — | -1.3M | — | — | — | -4K | — | — | -3M | -12K | 41K | 5K |
| Pretax income | — | -4.2M | — | — | — | -8.2M | — | — | -12.1M | -11.7M | -10.7M | -9.3M |
| Income tax | — | 1K | — | — | — | — | — | — | — | — | — | — |
| Net income | — | -4.2M | — | — | — | -8.2M | — | — | -12.1M | -11.7M | -10.7M | -9.3M |
| Net margin | — | -818.4% | — | — | — | -752.7% | — | — | -509.5% | -381.2% | -252% | -172.5% |
| EBITDA | — | -1.4M | — | — | — | -1.6M | — | — | -2M | -2.7M | -1.6M | 87K |
| EPS | -0.92 | — | -1.1 | -1.3 | -1.9 | — | -2.35 | -2.06 | -3.21 | — | -2.75 | -2.37 |
| Diluted EPS | -0.92 | — | -1.1 | -1.3 | -1.9 | — | -2.35 | -2.06 | -3.21 | — | -2.75 | -2.37 |
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 | — | — | — | 274.5M | 281.6M | 242.9M | 170.3M |
| Enterprise value | — | — | — | 279.4M | 437.7M | 480.4M | 434.2M |
| Shares outstanding | 1.2M | 410.2K | 3.4M | 3.6M | 3.6M | 3.7M | 3.7M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -3.87 |
| P/S | — | — | — | 121.8 | 105.3 | 26.4 | 11.3 |
| P/B | — | — | — | 0.84 | 0.93 | 0.88 | 0.66 |
| EV/EBITDA | — | — | — | -66.5 | -57.9 | -54 | -60 |
| EV/Sales | — | — | — | 123.9 | 163.6 | 52.3 | 28.9 |
| Earnings yield | — | — | — | — | — | — | -25.8% |
| FCF yield | — | — | — | -2.53% | -4.86% | -10.4% | -16.4% |
| PEG | — | — | — | — | — | — | -0.26 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 52.5% | -14.3% | -173.8% | -85.4% | -155.7% | -62.9% | 7.71% |
| Operating margin | -102% | -366.6% | -683.5% | -458.2% | -504.3% | -224.8% | -72.2% |
| Net margin | -110.9% | -305.1% | -592.2% | -637.2% | -891.8% | -436.2% | -290.5% |
| ROE | 109.8% | -0.94% | -2.48% | -4.42% | -7.85% | -14.6% | -15.9% |
| ROA | -0.3% | -0.89% | -2.33% | -3.76% | -4.61% | -7.1% | -2.31% |
| ROIC | — | -2.53% | -4.84% | -3.13% | -2.93% | -4.03% | -4.03% |
| Return on tangible assets | -0.34% | -0.94% | -2.45% | -3.91% | -4.61% | -7.1% | -7.79% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.18 | 45.3 | 10.1 | 0.56 | 0.7 | 0.89 | 1.12 |
| Quick ratio | 0.13 | 44.5 | 10.1 | 0.56 | 0.7 | 0.89 | 0.85 |
| Debt / equity | -343.1 | 0.04 | 0.02 | 0.08 | 0.59 | 0.95 | 1.08 |
| Debt / assets | 0.94 | 0.04 | 0.02 | 0.07 | 0.35 | 0.46 | 0.5 |
| Net debt / EBITDA | -473.7 | 54.1 | 16.6 | -1.16 | -20.6 | -26.7 | -42.4 |
| Interest coverage | — | — | — | — | -1.38 | -1.3 | -1.08 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.08 | 2.43 | 0.41 | 0.63 | 0.74 | 2.46 | 3.75 |
| EPS (basic) | -0.09 | -7.64 | -2.25 | -4.04 | -6.56 | -10.7 | -10.7 |
| EPS (diluted) | -0.09 | -7.64 | -2.25 | -4.04 | -6.56 | -10.7 | -11 |
| Book value per share | -0.08 | 789.6 | 97.4 | 91.5 | 83.6 | 73.7 | 64 |
| FCF per share | -0.01 | -5.53 | -1.95 | -1.95 | -3.76 | -6.75 | -6.71 |
| Cash per share | 5.26 | 468.4 | 42 | 5.66 | 6.8 | 6.52 | 3.87 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | 0% |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | $511K | — | — | — | $1.1M | — | — | $2.4M | $3.1M | $4.2M | $5.4M |
| YoY change | — | +24% | — | — | — | +114.1% | — | — | — | +180.1% | — | — |
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 | 6.6M | 192.1M | 143.5M | 20.1M | 24.7M | 24.3M |
| Receivables | — | — | — | — | — | — |
| Inventory | 2M | 4M | — | — | — | — |
| Total current assets | 6.6M | 215.9M | 143.5M | 20.1M | 24.7M | 24.3M |
| Property, plant & equipment | — | — | — | — | — | — |
| Goodwill & intangibles | 4M | 18.6M | 17.4M | 14.9M | — | — |
| Total assets | 37.3M | 341.4M | 354M | 382.1M | 517.6M | 564.2M |
| Accounts payable | 88K | 1.4M | 1.7M | 12.6M | 13.3M | 12.4M |
| Short-term debt | 35M | — | — | 4M | 2.6M | — |
| Total current liabilities | 35.9M | 4.8M | 14.2M | 36.1M | 35.3M | 27.2M |
| Long-term debt | — | 12.8M | 7.1M | 21M | 178.2M | 261.8M |
| Total liabilities | 37.4M | 17.6M | 21.3M | 57.1M | 213.5M | 289M |
| Shareholders' equity | -102K | 323.9M | 332.7M | 325.1M | 304.1M | 275.2M |
| Total debt | 35M | 12.8M | 7.1M | 25M | 180.8M | 261.8M |
| Net debt | 28.4M | -179.3M | -136.3M | 4.9M | 156.1M | 237.4M |
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 | 15.7M | 20.1M | 29.2M | 24.7M | 24M | 24.7M | 23M | 25M | 29.6M | 24.3M | 19.6M | 15.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 15.7M | 20.1M | 29.2M | 24.7M | 24M | 24.7M | 23M | 25M | 29.6M | 24.3M | 24.6M | 20.6M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 15.3M | 14.9M | 14.9M | — | — | — | — | — | — | — | — | — |
| Total assets | 361.2M | 382.1M | 450.9M | 476.2M | 495.7M | 517.6M | 537.4M | 556.8M | 570.8M | 564.2M | 565.7M | 561.8M |
| Accounts payable | 8.9M | 12.6M | 21.6M | 19.2M | 17.3M | 13.3M | 15.1M | 11.6M | 12.4M | 12.4M | 3.5M | 3.1M |
| Short-term debt | — | 4M | — | 2.6M | 2.6M | 2.6M | 2.6M | 2.6M | 2.6M | — | — | — |
| Total current liabilities | 33.6M | 36.1M | 40.9M | 38.1M | 39.3M | 35.3M | 37.1M | 35.4M | 34.1M | 27.2M | 23M | 24.2M |
| Long-term debt | 1.4M | 21M | 88.2M | 121.2M | 145.4M | 178.2M | 204.5M | 229.6M | 252.6M | 261.8M | 276.6M | 280.2M |
| Total liabilities | 35M | 57.1M | 129.1M | 159.3M | 184.7M | 213.5M | 241.6M | 265M | 286.7M | 289M | 299.6M | 304.4M |
| Shareholders' equity | 326.3M | 325.1M | 321.8M | 316.9M | 311M | 304.1M | 295.7M | 291.8M | 284.1M | 275.2M | 266.1M | 257.4M |
| Total debt | 1.4M | 25M | 88.2M | 123.8M | 148M | 180.8M | 207.1M | 232.2M | 255.2M | 261.8M | 276.6M | 280.2M |
| Net debt | -14.3M | 4.9M | 59M | 99M | 124M | 156.1M | 184.2M | 207.3M | 225.5M | 237.4M | 257.1M | 264.5M |
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 | -112K | -3M | -8.2M | -14.4M | -23.9M | -40.1M |
| Depreciation & amortization | 36K | 479K | 1.1M | 1.2M | 5.5M | 10.8M |
| Stock-based compensation | — | — | — | — | — | — |
| Change in working capital | -75K | -538K | 490K | 251K | -471K | -1.2M |
| Operating cash flow | -151K | -3.1M | -6.7M | -12.9M | -18.8M | -25.2M |
| Capital expenditure | — | — | — | — | — | — |
| Investing cash flow | 0 | 16.6M | 3.3M | -200K | -244K | -192K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 35M | 231.4M | 22.8M | 29.2M | 157M | 87M |
| Net change in cash | 34.9M | 244.9M | 19.4M | 16.1M | 138M | 61.6M |
| Free cash flow | -12K | -2.3M | -6.7M | -6.9M | -13.7M | -25.2M |
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 | -3.3M | -4.2M | -4M | -4.7M | -6.9M | -8.2M | -8.6M | -7.6M | -12.1M | -11.7M | -10.7M | -9.3M |
| Depreciation & amortization | 485K | 285K | 380K | 847K | 1.9M | 2.4M | 2.4M | 2.4M | 2.3M | 3.7M | 3.8M | 3.8M |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | — |
| Change in working capital | 268K | -188K | -4.5M | 4.3M | -281K | -45K | -1.3M | 537K | -28K | -380K | -3.9M | 478K |
| Operating cash flow | -2.7M | -4.1M | -8M | 472K | -5.3M | -5.9M | -7.5M | -2.4M | -6M | -10.2M | -6.1M | -3.9M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | 0 | 34K | 55K | 26K | -416K | -38K | -26K | -8K | -93K | -101K | -5M | -90K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 1M | 24M | 59.1M | 33.2M | 23.1M | 36.2M | 25.9M | 28.2M | 23.9M | 9M | 16M | 5.2M |
| Net change in cash | -1.7M | 19.9M | 51.1M | 33.7M | 17.4M | 30.2M | 18.4M | 25.8M | 17.8M | -1.3M | 4.8M | 1.2M |
| Free cash flow | -1.8M | -1.7M | -6.6M | 1.2M | -3.3M | -5M | -6.6M | -2.4M | -6M | -10.2M | -6.1M | -3.9M |