-
Revenue
$-39.87M
Net Income
-
Gross Margin
-
Op. Margin
$-11.40M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | - | $40.00K | $18.00K | $286.00K | $441.00K | - | - | - | - | - | - |
| Revenue Growth % | nan% | 122.2% | -93.7% | -35.1% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | - | - | - | $57.00K | $199.00K | - | - | - | - | - | - |
| Gross Profit | - | - | $18.00K | $229.00K | $242.00K | - | - | - | - | - | - |
| Gross Margin % | nan% | nan% | 100.0% | 80.1% | 54.9% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $30.66M | $12.90M | $28.53M | $27.49M | $33.65M | $59.18M | $34.60M | $17.26M | $12.91M | $12.04M | $7.87M |
| Research & Development | $127.00K | $832.00K | $5.09M | $5.82M | $5.60M | $18.14M | $9.74M | $4.37M | $4.76M | $1.24M | $548.00K |
| Operating Income | $-30.64M | $-12.86M | $-28.51M | $-27.27M | $-33.41M | $-59.18M | $-34.60M | $-17.26M | $-12.91M | $-12.04M | $-7.87M |
| Operating Margin % | nan% | -32155.0% | -158400.0% | -9533.2% | -7576.2% | nan% | nan% | nan% | nan% | nan% | nan% |
| Interest Expense | - | - | $1.00K | - | - | - | - | - | - | $1.30K | - |
| Other Income/Expense | $-55.00K | $23.00K | $-187.00K | - | - | - | - | - | - | $2.58M | $-604.79K |
| Income Before Tax | $-40.62M | $-10.34M | $-28.69M | $-27.26M | $-32.86M | $-59.14M | $-34.47M | $-17.25M | $-12.70M | $-9.46M | $-8.47M |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-39.87M | $-10.33M | $-29.04M | $-27.05M | $-31.92M | $-52.22M | $-34.08M | $-17.25M | $-12.70M | $-9.46M | $-8.47M |
| Net Margin % | nan% | -25825.0% | -161338.9% | -9458.7% | -7237.4% | nan% | nan% | nan% | nan% | nan% | nan% |
| Basic EPS | -1.38 | -0.75 | -3.95 | -6.33 | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | -1.38 | -0.75 | -3.95 | -6.33 | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 33.4M | 14.0M | 7.4M | 4.3M | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | 33.4M | 14.0M | 7.4M | 4.3M | - | - | - | - | - | - | - |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $142.00K | $190.00K | $357.00K | $11.66M | $28.27M | $12.11M | $4.45M | $1.55M | $953.23K | $239.78K |
| Accounts Receivable | $109.00K | $24.00K | $9.00K | - | - | - | - | - | - | - |
| Inventory | - | - | $336.00K | $1.88M | $768.32K | $577.69K | - | - | - | - |
| Total Current Assets | $344.00K | $528.00K | $1.13M | $13.89M | $29.34M | $12.83M | $4.63M | $1.66M | $984.54K | $315.32K |
| Property Plant & Equipment | $85.00K | $509.00K | $665.00K | $652.00K | $288.56K | $180.37K | $44.35K | $18.72K | $18.41K | $13.02K |
| Intangible Assets | $269.00K | $288.00K | $307.00K | $326.00K | $346.00K | $364.54K | $268.80K | - | - | - |
| Other Non-current Assets | $44.00K | $44.00K | $44.00K | $43.00K | - | - | - | - | - | - |
| Total Assets | $842.00K | $1.80M | $4.11M | $15.52M | $30.39M | $14.22M | $5.00M | $1.70M | $1.03M | $353.34K |
| Deferred Revenue | - | - | $5.00K | $32.00K | - | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $2.26M | $4.58M | $3.26M | $2.58M | $5.11M | $2.03M | $1.20M | $3.97M | $2.47M | $1.23M |
| Total Liabilities | $2.26M | $4.68M | $3.71M | $2.95M | $5.11M | - | - | - | - | - |
| Common Stock | $17.00K | $9.00K | $55.00K | $36.00K | $31.00K | $23.32K | $16.87K | $29.32K | $16.83K | $11.18K |
| Retained Earnings | $-255.34M | $-245.01M | $-215.97M | $-188.92M | $-157.00M | $-104.79M | $-70.73M | $-56.52M | $-32.24M | $-22.78M |
| Total Stockholders Equity | $-1.54M | $-3.02M | $313.00K | $12.24M | $24.37M | $11.15M | $3.32M | $-3.25M | $-2.91M | $-3.58M |
| Total Liabilities & Equity | $842.00K | $1.80M | $4.11M | $15.52M | $30.39M | $14.22M | $5.00M | $1.70M | $1.03M | $353.34K |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-42.68M | $-10.33M | $-29.04M | $-27.05M | $-31.92M | $-52.22M | $-34.08M | $-17.25M | $-12.70M | $-9.46M | $-8.47M |
| Depreciation & Amortization | $2.09M | $188.00K | $361.00K | $293.00K | $198.00K | $94.00K | $54.35K | $12.40K | - | - | - |
| Stock-based Compensation | - | - | - | - | - | $1.30M | $15.18M | $6.60M | $4.75M | $7.97M | $5.74M |
| Change in Receivables | - | $85.00K | $15.00K | $9.00K | - | - | - | - | - | - | - |
| Change in Inventory | - | - | $498.00K | $-284.00K | $1.11M | $-287.00K | $577.69K | - | - | - | - |
| Change in Payables | - | - | - | $776.00K | $-1.99M | $3.23M | $537.50K | $478.75K | $102.34K | $-333.49K | $-110.84K |
| Operating Cash Flow | $-11.40M | $-4.76M | $-17.31M | $-21.70M | $-26.40M | $-26.60M | $-15.48M | $-10.26M | $-7.47M | $-4.52M | $-2.00M |
| Capital Expenditure | - | - | $186.00K | $168.00K | $542.00K | $87.00K | $177.09K | $38.03K | $9.44K | $15.86K | $3.96K |
| Investing Cash Flow | - | - | $-186.00K | $-168.00K | $-542.00K | $-87.00K | $-285.93K | $-307.68K | $-9.44K | $-18.48K | $-3.96K |
| Stock Issued | - | $4.21M | $15.30M | $8.28M | $9.00M | $25.21M | $10.01M | $9.14M | $6.01M | $4.76M | $1.97M |
| Financing Cash Flow | $27.50M | $4.71M | $17.33M | $10.57M | $10.33M | $42.85M | $23.43M | $13.47M | $7.97M | $5.26M | $1.94M |
| Net Change in Cash | - | - | - | - | - | $16.16M | $7.66M | $2.90M | $491.68K | $713.45K | $-62.41K |
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 | - | - | - | - |
| Operating Expenses | $6.11M | - | $29.46M | - |
| Research & Development | $6.00K | - | $31.00K | - |
| Operating Income | $-6.11M | - | $-29.46M | - |
| Interest Expense | - | - | - | - |
| Other Income/Expense | $-12.00K | - | $-40.00K | - |
| Income Before Tax | $-16.35M | - | $-39.52M | - |
| Income Tax Expense | $-765.00K | - | $-765.00K | - |
| Net Income | $-15.58M | $-3.91M | $-38.77M | - |
| Basic EPS | -0.47 | - | -1.42 | - |
| Diluted EPS | -0.47 | - | -1.42 | - |
| Basic Shares Outstanding | $33.35M | - | $27.34M | - |
| Diluted Shares Outstanding | $33.35M | - | $27.34M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $11.04M | $142.00K |
| Accounts Receivable | - | $109.00K |
| Total Current Assets | $14.99M | $344.00K |
| Property Plant & Equipment | $38.00K | $85.00K |
| Goodwill | $69.89M | - |
| Intangible Assets | $45.41M | $269.00K |
| Long-term Investments | $142.00K | - |
| Other Non-current Assets | $44.00K | $44.00K |
| Total Assets | $130.51M | $842.00K |
| Total Current Liabilities | $125.60M | $2.26M |
| Deferred Tax Liabilities | $11.73M | - |
| Total Liabilities | $137.34M | $2.26M |
| Common Stock | $36.00K | $17.00K |
| Retained Earnings | $-294.11M | $-255.34M |
| Total Stockholders Equity | $-6.96M | $-1.54M |
| Total Liabilities & Equity | $130.51M | $842.00K |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-15.58M | $-3.91M | $-38.77M | - |
| Depreciation & Amortization | $1.49M | - | $2.06M | - |
| Deferred Income Tax | - | - | $-765.00K | - |
| Change in Receivables | - | - | - | - |
| Operating Cash Flow | - | - | $-7.42M | - |
| Acquisitions | - | - | $-365.00K | - |
| Purchases of Investments | - | - | $144.00K | - |
| Investing Cash Flow | - | - | $221.00K | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $18.10M | - |
| Net Change in Cash | - | - | $10.90M | - |
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.