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 % |
|---|---|---|---|---|---|---|
| Q3 26 | -$0.67 | -$0.59 | +11.9% | — | — | — |
| Q2 26 | -$0.73 | -$0.97 | -32.9% | — | — | — |
| Q1 26 | -$0.8 | -$0.91 | -13.7% | — | $985.1K | — |
| Q4 25 | -$1.04 | -$1.06 | -1.9% | — | — | — |
| Q3 25 | -$1 | -$1.31 | -31.0% | — | — | — |
| Q2 25 | -$0.9 | -$1.2 | -33.3% | — | — | — |
| Q1 25 | -$1.07 | -$1.2 | -12.1% | — | — | — |
| Q3 24 | -$1.3 | -$1.4 | -7.7% | — | — | — |
| Q2 24 | -$1.85 | -$1.6 | +13.5% | — | — | — |
| Q1 24 | -$2.15 | -$2 | +7.0% | — | — | — |
| Q4 23 | -$2.1 | -$2.2 | -4.8% | — | — | — |
| Q3 23 | -$0.13 | -$0.11 | +15.4% | — | — | — |
| Q2 23 | -$0.15 | -$0.14 | +6.7% | — | $216.3K | — |
| Q1 23 | -$0.14 | -$0.15 | -7.1% | — | $149.8K | — |
| Q4 22 | -$0.15 | -$0.13 | +13.3% | — | $119.7K | — |
| Q3 22 | -$0.15 | -$0.14 | +6.7% | — | $32.7K | — |
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 | — | -$4.4 | — | — | $1.7M | — |
| FY24 | — | -$0.31 | — | — | $1.2M | — |
| FY23 | — | -$0.5 | — | — | $775.3K | — |
| FY22 | — | -$0.55 | — | — | $306.4K |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $17.1K | $13.4K | $90K | $306.4K | $775.3K | $1.2M | $1.7M |
| YoY change | 0% | 0% | 0% | +InfinityT% | -21.4% | +570.3% | +240.3% | +153% | +59.1% | +40% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 17.1K | 13.4K | 90K | 306.4K | 775.3K | 1.2M | 1.7M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 7.9M | 8M | 10.9M | 10.4M | 14.5M | 13M | 15.3M | 19.6M | 14.4M | 10.1M |
| Selling, general & administrative | 4.5M | 6.7M | 7M | 5.5M | 6.5M | 14.8M | 16.4M | 16.9M | 13.6M | 13.2M |
| Operating expenses | 12.1M | 14.7M | 17.9M | 15.7M | 20.4M | 26.3M | 30.5M | 36.3M | 27.9M | 22.8M |
| Operating income | -12.4M | -14.7M | -17.9M | -15.9M | -20.6M | -26.8M | -30.6M | -35.8M | -26.9M | -21.2M |
| Operating margin | — | — | — | -92.9K% | -153.4K% | -29.8K% | -10K% | -4.6K% | -2.2K% | -1.2K% |
| Non-operating income, net | 545.3K | 349.8K | — | -197K | 293.3K | -26.2K | — | 224.5K | -6K | 207.5K |
| Pretax income | -11.9M | -14.8M | -18M | -16.1M | -20.4M | -27M | -30.6M | -35.7M | -27.3M | -23.5M |
| Income tax | 0 | 0 | — | — | — | — | — | — | — | — |
| Net income | -11.9M | -14.8M | -18M | -16.1M | -20.4M | -27M | -30.6M | -35.7M | -27.3M | -23.5M |
| Net margin | — | — | — | -94.2K% | -151.9K% | -30K% | -10K% | -4.6K% | -2.2K% | -1.4K% |
| EBITDA | -11.6M | -14.2M | -17.3M | -15.1M | -19.5M | -25.7M | -29.2M | -34.3M | -25.6M | -20M |
| EPS | -0.52 | -0.56 | -0.57 | -0.41 | -0.45 | -0.51 | -0.55 | -0.5 | -0.31 | -4.4 |
| Diluted EPS | -0.52 | -0.56 | -0.57 | -0.41 | -0.45 | -0.51 | -0.55 | -0.5 | -0.31 | -4.4 |
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 | — | — | — | — | — | — | — | — | 627.3K | 447K | 985.1K | 398.7K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | 2.3M | 2.5M | 2.9M | 1.8M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 3.4M | 2.8M | 3.4M | 2.7M |
| Operating expenses | — | — | — | — | — | — | — | — | 5.5M | 5.1M | 6.2M | 4.6M |
| Operating income | — | — | — | — | — | — | — | — | -4.9M | -4.7M | -5.2M | -4.2M |
| Operating margin | — | — | — | — | — | — | — | — | -776.2% | -1.1K% | -530.8% | -1.1K% |
| Non-operating income, net | — | — | — | — | — | — | — | — | 332.3K | -501.1K | -899.3K | -2M |
| Pretax income | — | — | — | — | — | — | — | — | -5.4M | -6.3M | -6.7M | -7.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | — | -5.4M | -6.3M | -6.7M | -7.3M |
| Net margin | — | — | — | — | — | — | — | — | -862.4% | -1.4K% | -680.5% | -1.8K% |
| EBITDA | — | — | — | — | — | — | — | — | -4.6M | -4.5M | -5M | -3.9M |
| EPS | -0.11 | — | -0.1 | -0.08 | -0.07 | — | -1.2 | -1.2 | -1 | — | -0.97 | -0.85 |
| Diluted EPS | -0.11 | — | -0.1 | -0.08 | -0.07 | — | -1.2 | -1.2 | -1 | — | -0.97 | -0.85 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 2.7B | — | — | — | 7M |
| Enterprise value | — | — | — | — | — | — | 2.7B | — | — | — | 10.8M |
| Shares outstanding | 23M | 26.4M | 31.4M | 39.2M | 45.3M | 52.7M | 55.4M | 71.2M | 86.5M | 5.3M | 5.3M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -0.06 |
| P/S | — | — | — | — | — | — | 8.8K | — | — | — | 2.94 |
| P/B | — | — | — | — | — | — | -860.3 | — | — | — | -0.07 |
| EV/EBITDA | — | — | — | — | — | — | -91.8 | — | — | — | -0.58 |
| EV/Sales | — | — | — | — | — | — | 8.8K | — | — | — | 4.39 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -1.7K% |
| FCF yield | — | — | — | — | — | — | -0.63% | — | — | — | -132.1% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -92.9K% | -153.4K% | -29.8K% | -10K% | -4.6K% | -2.2K% | -1.2K% | -1K% |
| Net margin | — | — | — | -94.2K% | -151.9K% | -30K% | -10K% | -4.6K% | -2.2K% | -1.4K% | 0% |
| ROE | -56.2% | -148.3% | -148.3% | -113.4% | -125.2% | -152.3% | 978.5% | 409.5% | 104.4% | 66% | 65.6% |
| ROA | -48.1% | -101% | -103% | -75.6% | -78% | -98.2% | -167.2% | -127.6% | -290% | -340.6% | -142.9% |
| ROIC | -1.3K% | -562.6% | — | — | — | — | — | — | — | — | — |
| Return on tangible assets | -50.6% | -109.6% | -108.8% | -78.4% | -80% | -99.8% | -169.3% | -127.9% | -310.7% | -375% | -334.6% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 10.8 | 4.61 | 5.96 | 4.55 | 3.26 | 3.37 | 0.7 | 0.69 | 0.52 | 0.17 | 0.3 |
| Quick ratio | 10.8 | 4.61 | 5.96 | 4.55 | 3.26 | 3.37 | 0.7 | 0.69 | 0.52 | 0.17 | 0.3 |
| Debt / equity | 0.07 | 0.28 | 0.27 | 0.28 | 0.27 | 0.23 | -1.59 | -0.67 | -0.22 | -0.32 | -0 |
| Debt / assets | 0.06 | 0.19 | 0.19 | 0.18 | 0.17 | 0.15 | 0.27 | 0.21 | 0.62 | 1.66 | 1.37 |
| Net debt / EBITDA | 1.75 | 0.52 | 0.59 | 0.86 | 0.77 | 0.65 | 0.2 | 0.43 | -0.1 | -0.52 | -0.48 |
| Interest coverage | -583.2 | -200.9 | -161.4 | -126.2 | -156.2 | -172.2 | -175.8 | -160 | -79.1 | -8.44 | -6.02 |
| Effective tax rate | 0% | 0% | — | — | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.32 | 0.36 |
| EPS (basic) | -0.52 | -0.56 | -0.57 | -0.41 | -0.45 | -0.51 | -0.55 | -0.5 | -0.31 | -4.4 | -4.4 |
| EPS (diluted) | -0.52 | -0.56 | -0.57 | -0.41 | -0.45 | -0.51 | -0.55 | -0.5 | -0.31 | -4.4 | -3.85 |
| Book value per share | 0.92 | 0.38 | 0.39 | 0.36 | 0.36 | 0.34 | -0.06 | -0.12 | -0.3 | -6.66 | -2.67 |
| FCF per share | -0.4 | -0.52 | -0.48 | -0.34 | -0.41 | -0.41 | -0.3 | -0.27 | -0.31 | -3.7 | -2.14 |
| Cash per share | 0.94 | 0.38 | 0.43 | 0.43 | 0.43 | 0.39 | 0.2 | 0.29 | 0.04 | 0.21 | 0.2 |
| Capex per share | 0.02 | 0.05 | 0.01 | 0.01 | 0.04 | 0.02 | 0.03 | 0.02 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 3K% | 12.3K% | 1.1K% | 512.5% | 139.8% | 22.5% | — | — |
| Capex / operating cash flow | -4.17% | -12.1% | -2.05% | -3.95% | -9.99% | -4.73% | -9.99% | -5.99% | -1.06% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$0.51 | — | — | $90K | — |
| FY20 | — | -$0.45 | — | — | $13.4K | — |
| FY19 | — | -$0.41 | — | — | $17.1K | — |
| FY18 | — | -$0.57 | — | — | $0 | — |
| FY17 | — | -$0.56 | — | — | $0 | — |
| FY16 | — | -$0.52 | — | — | $0 | — |
| 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 | — | — | — | — | — | — | — | — | $627.3K | $447K | $985.1K | $398.7K |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 21.7M | 10.1M | 13.4M | 17M | 19.4M | 20.6M | 10.9M | 20.7M | 3.3M | 1.1M |
| Receivables | — | — | — | 0 | 7.1K | 12.5K | 72.6K | 242.6K | 110.6K | 317.8K |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 22M | 10.6M | 13.9M | 17.6M | 20.3M | 22M | 12.2M | 21.9M | 4.1M | 2.1M |
| Property, plant & equipment | 740.1K | 1.2M | 973.8K | 1.3M | 1.8M | 1.8M | 2.6M | 2.3M | 1.4M | 342.2K |
| Goodwill & intangibles | 1.2M | 1.2M | 933.8K | 744.6K | 643.3K | 433.8K | 221K | 47.8K | 627.5K | 633.4K |
| Total assets | 24.7M | 14.6M | 17.5M | 21.3M | 26.2M | 27.5M | 18.3M | 28M | 9.4M | 6.9M |
| Accounts payable | 281.2K | 351.7K | 807.2K | 627.3K | 1.5M | 1.5M | 3M | 3.2M | 2.8M | 2.9M |
| Short-term debt | 149.7K | 583K | 561.7K | 1M | 1.1M | 1M | 1.4M | 1.5M | 1.1M | 3.6M |
| Total current liabilities | 2M | 2.3M | 2.3M | 3.9M | 6.2M | 6.5M | 17.4M | 31.8M | 7.8M | 12.2M |
| Long-term debt | 1.3M | 2.2M | 2.7M | 2.9M | 3.4M | 3M | 3.6M | 4.4M | 4.7M | 7.9M |
| Total liabilities | 3.6M | 4.7M | 5.3M | 7.1M | 9.9M | 9.8M | 21.4M | 36.7M | 35.5M | 42.5M |
| Shareholders' equity | 21.2M | 10M | 12.1M | 14.2M | 16.3M | 17.7M | -3.1M | -8.7M | -26.1M | -35.6M |
| Total debt | 1.5M | 2.8M | 3.3M | 3.9M | 4.4M | 4M | 5M | 5.9M | 5.8M | 11.5M |
| Net debt | -20.2M | -7.3M | -10.2M | -13M | -15M | -16.6M | -5.9M | -14.9M | 2.6M | 10.3M |
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 | — | — | — | — | — | — | — | — | 199.4K | 1.1M | 3.1M | 2.8M |
| Receivables | 34.4K | 242.6K | 133.5K | 166.3K | 312.6K | 110.6K | 187.8K | 189.6K | 309.1K | 317.8K | 252.2K | 277.4K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 1.3M | 2.1M | 4.5M | 4.1M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 634.8K | 342.2K | 97.6K | -165.2K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 602.1K | 633.4K | 637.8K | 610.3K |
| Total assets | — | — | — | — | — | — | — | — | 6.4M | 6.9M | 9M | 8.3M |
| Accounts payable | — | — | — | — | — | — | — | — | 3.1M | 2.9M | 3.7M | 3.6M |
| Short-term debt | — | — | — | — | — | — | — | — | 2.8M | 3.6M | 4.6M | 4.7M |
| Total current liabilities | — | — | — | — | — | — | — | — | 11.4M | 12.2M | 13.6M | 13.5M |
| Long-term debt | — | — | — | — | — | — | — | — | 8.5M | 7.9M | 7.1M | 6.7M |
| Total liabilities | — | — | — | — | — | — | — | — | 42.4M | 42.5M | 42.4M | 41.8M |
| Shareholders' equity | — | — | — | — | — | — | — | — | -35.9M | -35.6M | -33.4M | -33.5M |
| Total debt | — | — | — | — | — | — | — | — | 11.3M | 11.5M | 11.7M | 11.4M |
| Net debt | — | — | — | — | — | — | — | — | 11.1M | 10.3M | 8.6M | 8.6M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -11.9M | -14.8M | -18M | -16.1M | -20.4M | -27M | -30.6M | -35.7M | -27.3M | -23.5M |
| Depreciation & amortization | 309.4K | 528.2K | 636.4K | 902.4K | 1M | 1.1M | 1.2M | 1.4M | 1.3M | 1.2M |
| Stock-based compensation | 1.7M | 2.4M | 2.6M | 1.5M | 1.7M | 5.1M | 3.1M | 2.3M | 1.3M | 1.7M |
| Change in working capital | -193.2K | -58.3K | 70.1K | 576.5K | 1.1M | 123K | 10.6M | 13.9M | -1.4M | -841.6K |
| Operating cash flow | -9.9M | -11.8M | -14.7M | -13M | -16.5M | -20.6M | -15.7M | -18.1M | -26.1M | -19.7M |
| Capital expenditure | -415.1K | -1.4M | -301.8K | -511.3K | -1.6M | -973.6K | -1.6M | -1.1M | -277.5K | — |
| Investing cash flow | -415.1K | -1.4M | -301.8K | -511.3K | -1.6M | -973.6K | -1.6M | -1.1M | -277.5K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | 0 | -54.4K | 0 | 0 | -31.8K | 0 | — |
| Financing cash flow | 25.2M | 2M | 18M | 16.9M | 20.6M | 22.9M | 6.9M | 29M | 8.7M | 17.1M |
| Net change in cash | 14.8M | -11.3M | 3M | 3.5M | 2.5M | 1.3M | -10.3M | 9.8M | -17.7M | -2.6M |
| Free cash flow | -9.3M | -13.6M | -15M | -13.3M | -18.4M | -21.8M | -16.8M | -19.1M | -26.5M | -19.8M |
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 | -8.5M | -8.8M | -8.5M | -7.1M | -5.9M | -5.9M | -5.5M | -6.3M | -5.4M | -6.3M | -6.7M | -7.3M |
| Depreciation & amortization | 362.5K | 363.3K | 322.1K | 323.5K | 341.3K | 352.1K | 308.3K | 318.5K | 309K | 280.6K | 254.4K | 285.5K |
| Stock-based compensation | 538K | 465.7K | 411.2K | 208K | 323.5K | 325.7K | 451.4K | 812K | 609.2K | -132.9K | 225K | 238K |
| Change in working capital | -804.5K | 14.4M | -50.3K | -422.5K | -318.8K | -383K | 326.1K | -823.9K | 387K | -468.9K | 43.2K | -1.6M |
| Operating cash flow | -8.4M | 6.4M | -7.8M | -7M | -5.5M | -5.6M | -4.4M | -6.3M | -3.6M | -5.5M | -5.3M | -5.2M |
| Capital expenditure | -273K | -308.7K | -28.8K | -39.4K | -136.7K | -72.6K | -1.8K | — | — | — | — | — |
| Investing cash flow | -273K | -308.7K | -28.8K | -39.4K | -136.7K | -72.6K | -1.8K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Financing cash flow | -274.8K | 3.8M | -209.4K | 973.4K | 5.6M | 2.3M | 3.7M | 5.7M | 1.6M | 6.2M | 7.6M | 5M |
| Net change in cash | -8.9M | 9.9M | -8M | -6M | -55.9K | -3.3M | -725.6K | -592.7K | -2M | 663.9K | 2.3M | -180.6K |
| Free cash flow | -8.7M | 6.1M | -8.4M | -6.9M | -5.5M | -5.6M | -4.3M | -6.3M | -3.6M | -5.5M | -5.3M | -5.2M |