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 | -$50.6 | -$213.9 | -322.7% | — | $0 | — |
| Q3 25 | -$60.8 | -$55.1 | +9.4% | — | $0 | — |
| Q2 25 | -$49.4 | -$36.1 | +26.9% | — | $0 | — |
| Q1 25 | -$57 | -$62.7 | -10.0% | — | $0 | — |
| Q4 24 | -$208.1 | -$218.5 | -5.0% | — | $0 | — |
| Q3 24 | -$76 | $58.9 | +177.5% | — | $0 | — |
| Q2 24 | -$164.7 | $19 | +111.5% | — | $0 | — |
| Q1 24 | -$209 | -$152 | +27.3% | — | $0 | — |
| Q3 23 | -$190 | -$247 | -30.0% | — | $0 | — |
| Q2 23 | -$275.5 | -$228 | +17.2% | — | $0 | — |
| Q1 23 | -$332.5 | -$380 | -14.3% | — | $0 | — |
| Q4 22 | -$437 | -$380 | +13.0% | — | $0 | — |
| Q3 22 | -$432.3 | -$437 | -1.1% | — | $0 | — |
| Q2 22 | -$513 | -$475 | +7.4% | — | $0 | — |
| Q1 22 | -$570 | -$513 | +10.0% | — | $0 | — |
| Q4 21 | -$532 | -$684 | -28.6% | — | $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 | — | -$22.2 | — | — | $0 | — |
| FY24 | — | -$27.9 | — | — | $0 | — |
| FY23 | — | -$5.1 | — | — | $0 | — |
| FY22 | — | -$9.5 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 9.1M | 13.5M | 19.4M | 22.7M | 16.2M | 16.7M | 24.7M | 21.3M |
| Selling, general & administrative | 3.4M | 8.7M | 9.3M | 11.3M | 9.5M | 8.7M | 10.9M | 9M |
| Operating expenses | 12.5M | 22.2M | 28.7M | 33.9M | 25.7M | 25.3M | 35.6M | 30.3M |
| Operating income | -12.5M | -22.2M | -30.3M | -35.5M | -27.2M | -25.3M | -35.6M | -30.9M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | 483K | -462K | -77K | 585K | 540K | 19.6M | -4.7M |
| Pretax income | -12.7M | -20.6M | -30.1M | -36.2M | -28.3M | -26.1M | -17.7M | -36.2M |
| Income tax | 0 | 0 | 0 | 67K | 65K | 23K | 13K | 7K |
| Net income | -12.7M | -20.6M | -30.1M | -36.2M | -28.3M | -26.2M | -17.7M | -36.2M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -12.3M | -22.4M | -27.4M | -32.8M | -24.1M | -23.1M | -32.5M | -28.6M |
| EPS | -7.62 | -36.6 | -13 | -13.9 | -9.5 | -5.1 | -27.9 | -22.2 |
| Diluted EPS | -7.62 | -36.6 | -13 | -13.9 | -9.5 | -5.1 | -27.9 | -22.2 |
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 | 332K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | 235K |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | 97K |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | 29.2% |
| Research & development | 5.6M | 2.7M | 4.1M | 6.9M | 7.3M | 6.4M | 5.3M | 5M | 6.1M | 4.9M | -315K | 128K |
| Selling, general & administrative | 2.2M | 2.6M | 2.7M | 2.8M | 3.2M | 2.1M | 2.5M | 2.4M | 2.4M | 1.6M | 1.6M | 5.4M |
| Operating expenses | 7.8M | 5.3M | 6.8M | 9.7M | 10.5M | 8.5M | 7.8M | 7.4M | 8.5M | 6.5M | 1.3M | 5.5M |
| Operating income | -7.8M | -5.3M | -6.8M | -9.7M | -10.5M | -8.5M | -7.8M | -7.4M | -8.5M | -7.2M | -1.3M | -5.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | -1.6K% |
| Non-operating income, net | 89K | 270K | -7.9M | 13.9M | 19.8M | -6.2M | 908K | 1.4M | -706K | -6.4M | -17.3M | 1.6M |
| Pretax income | -7.9M | -5.5M | -17.3M | 4.5M | 9.6M | -14.5M | -7.7M | -6M | -9.2M | -13.3M | -19.1M | -3.8M |
| Income tax | 8K | 1K | 5K | 5K | 0 | 3K | 1K | 2K | 3K | 1K | 0 | 0 |
| Net income | -7.9M | -5.5M | -17.3M | 4.5M | 9.6M | -14.5M | -7.7M | -6M | -9.2M | -13.3M | -19.1M | -3.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | -1.2K% |
| EBITDA | -7.1M | -4.8M | -8.2M | -7M | -9.8M | -8.5M | -8.3M | -7.2M | -7.2M | -6.6M | -1.5M | -5.4M |
| EPS | -1.3 | — | -2.8 | 0.1 | 0.31 | — | -6.27 | -3.61 | -5.51 | — | -7.38 | -0.37 |
| Diluted EPS | -1.3 | — | -2.8 | -0.7 | 0.31 | — | -6.27 | -3.61 | -5.51 | — | -7.38 | -0.37 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 1.3M |
| Enterprise value | — | — | — | — | — | — | — | — | 15.5M |
| Shares outstanding | 2M | 561.6K | 2.3M | 2.6M | 3M | 5.1M | 632.6K | 1.6M | 1.6M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 0.02 |
| P/S | — | — | — | — | — | — | — | — | 15 |
| P/B | — | — | — | — | — | — | — | — | 0.54 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -0.77 |
| EV/Sales | — | — | — | — | — | — | — | — | 46.6 |
| Earnings yield | — | — | — | — | — | — | — | — | 4.4K% |
| FCF yield | — | — | — | — | — | — | — | — | -315.2% |
| PEG | — | — | — | — | — | — | — | — | -0 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — | 29.2% |
| Operating margin | — | — | — | — | — | — | — | — | -1.6K% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | -29.7% | -24.3% | -52.4% | -76.2% | -134.6% | -849.4% | -73.4% | 2.8K% | -247.3% |
| ROA | -28.1% | -22.3% | -42.8% | -46.4% | -62.2% | -104.6% | -41% | -626% | -42.3% |
| ROIC | -397.4% | -647.8% | -430% | -650.4% | -385.3% | -776.1% | -210.7% | 731.7% | -109.9% |
| Return on tangible assets | -35.1% | -24.8% | -46.8% | -48.3% | -62.2% | -104.6% | -92.7% | -674.5% | 197.1% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 24.3 | 13.6 | 8.47 | 6.03 | 4.65 | 1.58 | 2.48 | 0.87 | 0.24 |
| Quick ratio | 24.3 | 13.6 | 8.47 | 6.03 | 4.65 | 1.58 | 2.48 | 0.87 | 0.24 |
| Debt / equity | 0 | 0.01 | 0.1 | 0.42 | 0.92 | 4.9 | 0.4 | -1.1 | 0.08 |
| Debt / assets | 0 | 0.01 | 0.08 | 0.26 | 0.43 | 0.6 | 0.22 | 0.25 | 0.12 |
| Net debt / EBITDA | 3.23 | 3.62 | 1.84 | 1.28 | 0.58 | -0.01 | 0.22 | 0.1 | -0.14 |
| Interest coverage | — | — | — | -50.7 | -12.7 | -9.88 | -19.3 | -1.8K | -47.8 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 |
| EPS (basic) | -7.62 | -36.6 | -13 | -13.9 | -9.5 | -5.1 | -27.9 | -22.2 | -22.2 |
| EPS (diluted) | -7.62 | -36.6 | -13 | -13.9 | -9.5 | -5.1 | -27.9 | -22.2 | -162 |
| Book value per share | 21.4 | 150.4 | 24.9 | 18.3 | 7.05 | 0.6 | 38.2 | -0.8 | 3.46 |
| FCF per share | -5.71 | -33.6 | -11 | -12 | -9.78 | -4.16 | -58.5 | -16.2 | -1.76 |
| Cash per share | 19.8 | 146.5 | 24.4 | 23.9 | 11.2 | 2.9 | 26.6 | 2.67 | 0.21 |
| Capex per share | 0.07 | 2.34 | 0.44 | 1.41 | 0.04 | 0.01 | 0.08 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -1.17% | -7.09% | -4.13% | -13% | -0.41% | -0.22% | -0.28% | — | — |
| FY21 |
| — |
| -$13.9 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$13 | — | — | $0 | — |
| FY19 | — | -$36.6 | — | — | $0 | — |
| FY19 | — | $1.5 | — | — | $0 | — |
| FY18 | — | -$7.62 | — | — | $0 | — |
| 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 | $332K |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 39.7M | 82.3M | 56.3M | 62.1M | 33.3M | 14.9M | 16.9M | 4.4M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 39.9M | 84.5M | 60.7M | 66.6M | 36.9M | 17.6M | 20.5M | 5.6M |
| Property, plant & equipment | 887K | 3M | 6.7M | 9.8M | 8.7M | 7.4M | 10.5M | 157K |
| Goodwill & intangibles | 9.1M | 9.1M | 6.1M | 3M | 0 | — | 24.1M | 416K |
| Total assets | 45.3M | 92.1M | 70.4M | 78M | 45.5M | 25M | 43.2M | 5.8M |
| Accounts payable | 193K | 3.3M | 2.3M | 2.8M | 820K | 1.4M | 1.9M | 3.1M |
| Short-term debt | — | 375K | 863K | 819K | 5M | 6.5M | 1.1M | 1.4M |
| Total current liabilities | 1.6M | 6.2M | 7.2M | 11M | 7.9M | 11.2M | 8.3M | 6.4M |
| Long-term debt | 0 | 856K | 5M | 19.2M | 14.4M | 8.6M | 8.5M | 0 |
| Total liabilities | 2.5M | 7.7M | 12.9M | 30.5M | 24.5M | 21.9M | 19.1M | 7.1M |
| Shareholders' equity | 42.8M | 84.5M | 57.5M | 47.5M | 21M | 3.1M | 24.1M | -1.3M |
| Total debt | 0 | 1.2M | 5.9M | 20M | 19.4M | 15.1M | 9.6M | 1.4M |
| Net debt | -8.6M | -71M | -30.6M | -42.1M | -12M | 185K | -7.3M | -2.9M |
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 | — | — | — | — | — | — | — | — | 6.9M | 4.4M | 1.2M | 572K |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | 327K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 8.9M | 5.6M | 3M | 2.4M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 5.1M | 157K | — | 122K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 24.1M | 416K | 416K | 51.3M |
| Total assets | — | — | — | — | — | — | — | — | 26.2M | 5.8M | 3.3M | 28.2M |
| Accounts payable | — | — | — | — | — | — | — | — | 1.5M | 3.1M | 720K | 908K |
| Short-term debt | — | — | — | — | — | — | — | — | 1.3M | 1.4M | — | 3.1M |
| Total current liabilities | — | — | — | — | — | — | — | — | 5.2M | 6.4M | 2.4M | 10.2M |
| Long-term debt | — | — | — | — | — | — | — | — | 5.3M | 0 | — | 260K |
| Total liabilities | — | — | — | — | — | — | — | — | 15.7M | 7.1M | 4.1M | 10.6M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 10.5M | -1.3M | -881K | 17.6M |
| Total debt | — | — | — | — | — | — | — | — | 6.6M | 1.4M | — | 3.4M |
| Net debt | — | — | — | — | — | — | — | — | -340K | -2.9M | — | 3M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -12.7M | -20.6M | -30.1M | -36.2M | -28.3M | -26.2M | -17.7M | -36.2M |
| Depreciation & amortization | 210K | 318K | 2.2M | 2.6M | 2.5M | 871K | 1.8M | 2.9M |
| Stock-based compensation | 951K | 938K | 2.9M | 3.2M | 1.5M | 1.1M | 1.8M | 2.1M |
| Change in working capital | -41K | 1.1M | 453K | 2.4M | -1.1M | 1.3M | -2M | 3.4M |
| Operating cash flow | -11.7M | -18.5M | -24.4M | -28.2M | -25.8M | -22.5M | -18.6M | -26.4M |
| Capital expenditure | -137K | -1.3M | -1M | -3.7M | -107K | -49K | 52K | — |
| Investing cash flow | -137K | 19.7M | -20.7M | 16.2M | -2.1M | 2M | 715K | 0 |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -19K | -98K | — | — | — | — | — |
| Financing cash flow | 43M | 61.5M | -173K | 37.1M | 292K | 2.9M | 9.6M | 8.7M |
| Net change in cash | 31.2M | 62.7M | -45.3M | 25.1M | -27.6M | -17.6M | -8.2M | -17.7M |
| Free cash flow | -11.4M | -18.9M | -25.5M | -31.3M | -29.2M | -21.3M | -37M | -26.4M |
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 | -7.9M | -5.5M | -17.3M | 4.5M | 9.6M | -14.5M | -7.7M | -6M | -9.2M | -13.3M | -19.1M | -3.8M |
| Depreciation & amortization | 219K | 212K | 229K | 331K | 322K | 921K | 236K | 292K | 1.2M | 1.2M | 0 | 5K |
| Stock-based compensation | 195K | 418K | 177K | 77K | 829K | 765K | 659K | 696K | 438K | 298K | -1.9M | 4M |
| Change in working capital | -513K | 422K | -2.6M | 480K | -968K | 1.1M | 36K | 1.4M | 30K | 2M | -1.1M | 141K |
| Operating cash flow | -8M | -4.1M | -20M | 3.3M | 9.9M | -11.8M | -6.8M | -6.1M | -7.2M | -4.4M | -5.4M | -1.2M |
| Capital expenditure | -32K | -6K | 0 | 54K | -1K | -1K | 51K | — | — | — | — | — |
| Investing cash flow | -32K | -6K | 663K | 54K | -1K | -1K | 51K | — | — | — | -996K | -378K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -1.3M | -1.3M | 10.2M | -204K | 0 | -398K | 7.4M | -31K | 54K | 1.3M | 2.6M | 290K |
| Net change in cash | -9.4M | -5.4M | -9.1M | 3.2M | 9.9M | -12.2M | 654K | -6.1M | -7.1M | -3.1M | -3.8M | -1.3M |
| Free cash flow | -6M | -6.2M | -11.4M | -11.2M | -8.1M | -6.3M | -8.7M | -6.1M | -7.2M | -4.4M | -5.4M | -1.2M |