-
Revenue
$-74.90M
Net Income
-
Gross Margin
-
Op. Margin
$-85.96M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | - | $27.21M | $33.71M | $17.68M | $19.00K | $16.00K |
| Revenue Growth % | nan% | -19.3% | 90.7% | 92947.4% | 18.8% | nan% |
| Cost of Revenue | $27.13M | $27.13M | $42.68M | $19.36M | $6.86M | $7.00M |
| Gross Profit | $74.00K | $74.00K | $-8.97M | $-1.69M | $-6.84M | $-6.98M |
| Gross Margin % | nan% | 0.3% | -26.6% | -9.5% | -36010.5% | -43650.0% |
| Operating Expenses | $69.45M | $69.45M | $54.12M | $29.16M | $12.95M | $-9.77M |
| Operating Income | $-69.38M | $-69.38M | $-63.09M | $-30.84M | $-19.79M | $-16.76M |
| Operating Margin % | nan% | -255.0% | -187.2% | -174.5% | -104178.9% | -104731.2% |
| Interest Expense | $1.20M | $1.20M | $300.00K | - | $463.00K | $733.00K |
| Interest Income | $2.41M | $2.41M | $3.68M | - | - | - |
| Other Income/Expense | $172.00K | $172.00K | $35.00K | $-24.00K | $1.25M | $905.00K |
| Income Before Tax | - | $-74.90M | $-53.19M | - | - | - |
| Net Income | $-74.90M | $-74.90M | $-53.19M | $-30.66M | $-17.14M | $-22.94M |
| Net Margin % | nan% | -275.3% | -157.8% | -173.4% | -90210.5% | -143362.5% |
| Basic EPS | nan | -0.20 | -0.17 | -0.12 | -0.08 | -0.12 |
| Diluted EPS | nan | -0.20 | -0.17 | -0.12 | -0.08 | -0.12 |
| Basic Shares Outstanding | - | 368.4M | 317.7M | 260.0M | 220.5M | 195.7M |
| Diluted Shares Outstanding | - | 368.4M | 317.7M | 260.0M | 220.50B | 195.7M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $123.86M | $76.06M | $59.70M | $33.00M | $46.19M |
| Accounts Receivable | - | $16.51M | - | $8.00K | $4.00K |
| Inventory | $24.29M | $20.74M | $2.57M | $9.90M | - |
| Total Current Assets | $150.43M | $115.26M | $63.67M | $43.94M | $48.62M |
| Property Plant & Equipment | $49.74M | $27.34M | $21.04M | $20.13M | - |
| Total Assets | $272.46M | $194.13M | $128.38M | $107.89M | $120.84M |
| Accounts Payable | $8.64M | $3.29M | - | - | - |
| Total Current Liabilities | $27.66M | $19.25M | $10.03M | $6.60M | $6.22M |
| Common Stock | $432.76M | $413.24M | $302.18M | $258.65M | $248.32M |
| Retained Earnings | $-379.00M | $-304.10M | $-250.91M | $-220.25M | $-203.12M |
| Total Stockholders Equity | $77.45M | $132.80M | $74.87M | $62.50M | $69.39M |
| Total Liabilities & Equity | $272.46M | $194.13M | $128.38M | $107.89M | $120.84M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-85.80M | $-74.90M | $-53.19M | $-30.66M | $-17.14M | $-22.94M |
| Stock-based Compensation | $2.29M | $1.90M | $2.39M | $1.03M | $1.14M | $1.08M |
| Change in Receivables | $-49.53M | $-16.51M | $16.51M | - | $-4.00K | $-4.00K |
| Change in Inventory | $14.44M | $6.25M | $24.18M | $3.36M | $-8.84M | $-7.11M |
| Operating Cash Flow | $-49.62M | $-43.13M | $-71.92M | $-16.98M | $-18.09M | $-11.70M |
| Capital Expenditure | $36.34M | $23.62M | $9.05M | $2.04M | $709.00K | $1.19M |
| Investing Cash Flow | $-36.34M | $-23.62M | $-9.05M | $-2.04M | $-709.00K | $-1.19M |
| Debt Repayment | - | - | $5.73M | $5.41M | $1.30M | - |
| Stock Issued | - | $15.98M | $97.57M | $53.14M | $3.77M | $48.84M |
| Financing Cash Flow | $114.83M | $114.93M | $99.89M | $46.09M | $5.89M | $54.87M |
| Net Change in Cash | $28.96M | $48.27M | $18.83M | $27.11M | $-13.02M | $42.03M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $6.32M | - | $16.76M | - |
| Cost of Revenue | $7.06M | - | $18.16M | - |
| Gross Profit | $-740.00K | - | $-1.40M | - |
| Operating Expenses | $19.07M | - | $50.01M | - |
| Operating Income | $-19.81M | - | $-51.41M | - |
| Interest Expense | $364.00K | - | $920.00K | - |
| Interest Income | $518.00K | - | $2.09M | - |
| Other Income/Expense | $43.00K | - | $111.00K | - |
| Net Income | $-27.46M | - | $-59.32M | - |
| Basic EPS | -0.07 | - | -0.16 | - |
| Diluted EPS | -0.07 | - | -0.16 | - |
| Basic Shares Outstanding | $367.15M | - | $365.48M | - |
| Diluted Shares Outstanding | $367.15M | - | $365.48M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $52.03M | $76.06M |
| Accounts Receivable | $2.08M | $16.51M |
| Inventory | $19.18M | $20.74M |
| Total Current Assets | $76.61M | $115.26M |
| Property Plant & Equipment | $40.06M | $27.34M |
| Total Assets | $170.95M | $194.13M |
| Total Current Liabilities | $9.76M | $19.25M |
| Common Stock | $430.22M | $413.24M |
| Retained Earnings | $-363.42M | $-304.10M |
| Total Stockholders Equity | $90.67M | $132.80M |
| Total Liabilities & Equity | $170.95M | $194.13M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-27.46M | - | $-59.32M | - |
| Stock-based Compensation | - | - | $2.23M | - |
| Change in Receivables | - | - | $-14.43M | - |
| Change in Inventory | - | - | $1.13M | - |
| Operating Cash Flow | - | - | $-24.34M | - |
| Capital Expenditure | - | - | $14.24M | - |
| Investing Cash Flow | - | - | $-14.24M | - |
| Stock Issued | - | - | $15.17M | - |
| Financing Cash Flow | - | - | $14.85M | - |
| Net Change in Cash | - | - | $-23.67M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.