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 | -$0.47 | -$0.43 | +8.5% | — | $208.3K | — |
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 | — | -$7.2 | — | — | $398.7K | — |
| FY24 | — | -$4.32 | — | — | $213.2K | — |
| FY23 | — | -$5.67 | — | — | $0 | — |
| FY22 | — | -$3.29 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $213.2K | $398.7K |
| YoY change | — | 0% | +InfinityT% | +87% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 213.2K | 398.7K |
| Cost of revenue | — | — | — | 175.7K |
| Gross profit | — | — | — | 223K |
| Gross margin | — | — | — | 55.9% |
| Research & development | — | — | — | — |
| Selling, general & administrative | 774.6K | 4.4M | 6.3M | 5.4M |
| Operating expenses | 806K | 4.6M | 6.4M | 5.5M |
| Operating income | -806K | -4.6M | -6.2M | -5.3M |
| Operating margin | — | — | -2.9K% | -1.3K% |
| Non-operating income, net | -1.3M | -1.1M | -1.3M | -1.4M |
| Pretax income | -3.8M | -6.5M | -9.6M | -7.3M |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -3.8M | -6.5M | -9.6M | -7.3M |
| Net margin | — | — | -4.5K% | -1.8K% |
| EBITDA | -2.1M | -5.7M | -7.5M | -6M |
| EPS | -3.29 | -5.67 | -4.32 | -7.2 |
| Diluted EPS | -3.29 | -5.67 | -4.32 | -7.2 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 72.9K | 63.1K | 77.2K | 10.8K | 23.3K | 192.4K | 172.2K | 122.2K | 208.3K | 348.6K |
| Cost of revenue | — | — | — | — | — | — | 9.3K | 98.5K | 68K | 68.4K | 314.3K | 240.4K |
| Gross profit | — | — | — | — | — | — | 14K | 93.9K | 104.3K | 53.8K | -106.1K | 108.2K |
| Gross margin | — | — | — | — | — | — | 60.2% | 48.8% | 60.5% | 44% | -50.9% | 31% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 1.2M | 1.4M | 2M | 1.6M | 1.4M | 1.2M | 871.1K | 768.5K | 2.6M | 836.7K | 1.3M | 2.2M |
| Operating expenses | 1.3M | 1.4M | 2M | 1.6M | 1.4M | 1.2M | 883K | 768.9K | 2.6M | 858.2K | 1.3M | 2.2M |
| Operating income | -1.3M | -1.4M | -1.9M | -1.5M | -1.3M | -1.2M | -869K | -675K | -2.5M | -804.4K | -1.4M | -2.1M |
| Operating margin | — | — | -2.7K% | -2.4K% | -1.7K% | -11.2K% | -3.7K% | -350.9% | -1.5K% | -658.3% | -674.5% | -605.5% |
| Non-operating income, net | -3.9K | -102.6K | -1.1M | -4.2K | -69.1K | -80.7K | -664.6K | -564.1K | -95K | -71.5K | 59.7K | 141.4K |
| Pretax income | -1.3M | -1.7M | -4M | -2.2M | -1.7M | -1.6M | -1.6M | -1.4M | -2.7M | -1M | -1.4M | -2M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -1.3M | -1.7M | -4M | -2.2M | -1.7M | -1.6M | -1.6M | -1.4M | -2.7M | -1M | -1.4M | -2M |
| Net margin | — | — | -5.5K% | -3.5K% | -2.2K% | -14.9K% | -6.7K% | -720.8% | -1.6K% | -828.7% | -656.6% | -565.6% |
| EBITDA | -1.3M | -1.5M | -3.1M | -1.5M | -1.4M | -1.3M | -869K | -1.2M | -2.6M | -875.9K | -1.4M | -2.1M |
| EPS | — | -1 | -2 | -0.8 | — | -0.33 | -0.22 | -0.17 | — | -0.9 | -0.45 | -0.39 |
| Diluted EPS | — | -1 | -2 | -0.8 | — | -0.33 | -0.22 | -0.17 | — | -0.9 | -0.45 | -0.39 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 9.1M |
| Enterprise value | — | — | — | — | — | -15.2M |
| Shares outstanding | — | 1.2M | 1.2M | 2.2M | 1M | 1M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -0.23 |
| P/S | — | — | — | — | — | 10.7 |
| P/B | — | — | — | — | — | 0.23 |
| EV/EBITDA | — | — | — | — | — | 2.27 |
| EV/Sales | — | — | — | — | — | -17.8 |
| Earnings yield | — | — | — | — | — | -426% |
| FCF yield | — | — | — | — | — | -13.2% |
| PEG | — | — | — | — | — | -0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 55.9% | 31% |
| Operating margin | — | — | — | -2.9K% | -1.3K% | -605.5% |
| Net margin | — | — | — | -4.5K% | -1.8K% | 55.9% |
| ROE | — | -139.6% | -67.2% | -106.5% | -64.4% | -29.1% |
| ROA | — | -40.1% | -56.2% | -82.4% | -55.1% | -16.5% |
| ROIC | — | -9.98% | -49.1% | -64.5% | -48.4% | -56% |
| Return on tangible assets | — | -40.1% | -56.2% | -82.4% | -55.1% | -18.6% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | 0.26 | 0.92 | 0.22 | 0.58 | 20.6 |
| Quick ratio | — | 0.26 | 0.92 | 0.22 | 0.58 | 20.6 |
| Debt / equity | — | 1.99 | 0.12 | 0.1 | 0.04 | 0 |
| Debt / assets | — | 0.57 | 0.1 | 0.08 | 0.04 | 0.04 |
| Net debt / EBITDA | — | -2.5 | 0.06 | -0.08 | 0.07 | 3.62 |
| Interest coverage | — | -1.29 | -7.27 | -3.54 | -11 | -25.1 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0.1 | 0.39 | 0.3 |
| EPS (basic) | — | -3.29 | -5.67 | -4.32 | -7.2 | -7.2 |
| EPS (diluted) | — | -3.29 | -5.67 | -4.32 | -7.2 | -2.39 |
| Book value per share | — | 2.36 | 8.44 | 4.06 | 11.2 | 7.55 |
| FCF per share | — | -0.43 | -3.81 | -2.25 | -3.44 | -0.64 |
| Cash per share | — | 0.06 | 1.35 | 0.13 | 0.87 | 4.56 |
| Capex per share | — | 0 | — | — | 0.87 | 0.02 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 221% | 14.1% |
| Capex / operating cash flow | — | 0% | — | — | -33.8% | -3.83% |
| Payout ratio | — | — | — | — | — | 0% |
| Revenue | $0 | $0 | $72.9K | $63.1K | $77.2K | $10.8K | $23.3K | $192.4K | $172.2K | $122.2K | $208.3K | $348.6K |
| YoY change | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | -68.1% | +205.1% | +123% | +1K% | +794.9% | +81.2% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 78.9K | 73.6K | 1.6M | 285.9K | 882.2K |
| Receivables | — | — | — | — | 60K |
| Inventory | — | — | — | — | — |
| Total current assets | 290.3K | 1.8M | 1.7M | 565.2K | 1.1M |
| Property, plant & equipment | 5.6M | 5.8M | 9.9M | 11.1M | 12.1M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 7.8M | 9.5M | 11.6M | 11.7M | 13.2M |
| Accounts payable | — | 1.2M | 609.4K | 1M | 1.3M |
| Short-term debt | 3.7M | 5.4M | 1.2M | 877.9K | 467.2K |
| Total current liabilities | 3.7M | 6.7M | 1.9M | 2.6M | 1.9M |
| Long-term debt | — | — | — | — | — |
| Total liabilities | 3.7M | 6.8M | 1.9M | 2.6M | 1.9M |
| Shareholders' equity | 4.1M | 2.7M | 9.7M | 9M | 11.3M |
| Total debt | 3.7M | 5.4M | 1.2M | 877.9K | 467.2K |
| Net debt | 3.6M | 5.4M | -344.3K | 591.9K | -415K |
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 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.6M | 348.7K | 220.6K | 293.1K | 285.9K | 2M | 1.5M | 584.4K | 882.2K | 684.7K | 22.1M | 24.3M |
| Receivables | — | — | — | — | — | — | 31.6K | 95.8K | 60K | 42.3K | 107K | 157.4K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.7M | 475.9K | 804.9K | 617.7K | 565.2K | 2M | 1.7M | 876.5K | 1.1M | 902.5K | 22.5M | 24.7M |
| Property, plant & equipment | 9.9M | 10.9M | 11M | 11.1M | 11.1M | 11.2M | 12M | 12.2M | 12.1M | 13.2M | 13.2M | 13.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 11.6M | 11.3M | 11.8M | 11.7M | 11.7M | 13.2M | 13.8M | 13M | 13.2M | 14.2M | 35.7M | 37.9M |
| Accounts payable | 609.4K | 561.7K | 1M | 1.4M | 1M | 1M | 1.1M | 1.4M | 1.3M | 1.5M | 832.4K | 1.1M |
| Short-term debt | 1.2M | 1.3M | 548.5K | 1.6M | 877.9K | 312.8K | 589.1K | 865 | 467.2K | 167.9K | — | — |
| Total current liabilities | 1.9M | 1.9M | 2M | 3.6M | 2.6M | 1.5M | 2.3M | 1.6M | 1.9M | 1.8M | 999.2K | 1.2M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 1.9M | 2.3M | 2.1M | 3.6M | 2.6M | 1.5M | 2.3M | 1.6M | 1.9M | 2M | 1.2M | 1.4M |
| Shareholders' equity | 9.7M | 9M | 9.7M | 8.1M | 9M | 11.7M | 11.4M | 11.4M | 11.3M | 12.2M | 34.6M | 36.5M |
| Total debt | 1.2M | 1.3M | 548.5K | 1.6M | 877.9K | 312.8K | 589.1K | 865 | 467.2K | 167.9K | — | — |
| Net debt | -344.3K | 922.2K | 327.8K | 1.3M | 591.9K | -1.6M | -867.9K | -583.5K | -415K | -516.8K | — | — |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -3.8M | -6.5M | -9.6M | -7.3M |
| Depreciation & amortization | — | — | — | — |
| Stock-based compensation | 6.2K | 1M | 1.5M | 2.6M |
| Change in working capital | — | — | 455K | -439.7K |
| Operating cash flow | -1.2M | -4M | -4.1M | -2.6M |
| Capital expenditure | 0 | — | — | -881.1K |
| Investing cash flow | 0 | -1.8M | 81.5K | -978.6K |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | -2.4M | 4.4M | 3.3M | 3.6M |
| Net change in cash | -3.6M | -1.4M | -745.5K | -6.9K |
| Free cash flow | -502.1K | -4.4M | -5M | -3.5M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -1.3M | -1.7M | -4M | -2.2M | -1.7M | -1.6M | -1.6M | -1.4M | -2.7M | -1M | -1.4M | -1.9M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 147.3K | 407.6K | 504.9K | 238.3K | 383.8K | 490.3K | 115.7K | 96.8K | 1.9M | 84.9K | 41.1K | 1.3M |
| Change in working capital | — | — | 401.7K | 155.1K | -101.8K | -414K | 86.7K | -105.6K | -6.8K | -30.9K | 51K | -92.8K |
| Operating cash flow | -1.3M | -884.5K | -1.8M | -1.1M | -288.9K | -1.1M | -1.3M | -355.4K | -588.9K | -533.9K | -1.6M | -396.8K |
| Capital expenditure | — | — | — | — | — | — | — | -495.7K | 12.1K | -55.1K | -142 | -53.1K |
| Investing cash flow | -273.3K | 389.7K | -347.5K | -45.2K | 84.5K | -82.6K | 26.4K | -512.9K | -12K | 5.5K | -62.2K | -35.7K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.9M | -291K | -3.3M | 756.2K | 6.1M | 2.6M | -56.5K | 2 | 1.1M | 382.5K | 23.1M | 2.5M |
| Net change in cash | 391.8K | -785.8K | -5.5M | -394.5K | 5.9M | 1.3M | -1.3M | -868.4K | 513.2K | -145.9K | 21.4M | 2.1M |
| Free cash flow | -1.6M | -1.7M | 1.3M | -638.5K | -4M | -998.6K | -1.1M | -851.1K | -576.8K | -589K | -1.6M | -449.9K |