$5.50M
Revenue
$-125.13M
Net Income
-
Gross Margin
-2287.24%
Op. Margin
$-171.59M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $5.50M | $4.15M | $15.73M | $4.84M | $5.71M | $11.28M |
| Revenue Growth % | 32.6% | -73.6% | 224.7% | -15.1% | -49.4% | nan% |
| Operating Expenses | $131.37M | $120.74M | $92.16M | $101.47M | $104.32M | $170.12M |
| Research & Development | $102.69M | $89.34M | $60.22M | $75.54M | $70.34M | $101.61M |
| Operating Income | $-125.87M | $-116.59M | $-76.43M | $-96.63M | $-98.61M | $-158.84M |
| Operating Margin % | -2287.2% | -2808.7% | -486.0% | -1994.9% | -1727.6% | -1408.7% |
| Income Before Tax | $-125.01M | $-113.86M | $-72.72M | $-96.20M | $-98.19M | $-159.57M |
| Income Tax Expense | $124.00K | $55.00K | $7.00K | $70.00K | $-381.00K | $-10.00K |
| Net Income | $-125.13M | $-113.92M | $-72.73M | $-96.27M | $-97.81M | $-159.56M |
| Net Margin % | -2273.9% | -2744.4% | -462.4% | -1987.5% | -1713.5% | -1415.0% |
| Basic EPS | -1.03 | -1.17 | -0.76 | -1.24 | -1.78 | nan |
| Diluted EPS | -1.03 | -1.17 | -0.76 | -1.24 | -1.78 | nan |
| Basic Shares Outstanding | 136.8M | 97.0M | 95.1M | 77.4M | 54.9M | - |
| Diluted Shares Outstanding | 136.8M | 97.0M | 95.1M | 77.4M | 54.9M | - |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $32.46M | $141.37M | $209.19M | $77.30M | $196.35M |
| Accounts Receivable | - | - | - | - | $2.23M |
| Inventory | - | - | - | - | - |
| Other Current Assets | $11.93M | $17.55M | $13.88M | $37.09M | $8.79M |
| Total Current Assets | $44.39M | $158.91M | $223.07M | $114.39M | $207.38M |
| Property Plant & Equipment | $11.31M | $12.62M | $15.10M | $18.15M | $24.79M |
| Intangible Assets | $40.00K | $58.00K | $10.00K | $22.00K | $41.00K |
| Other Non-current Assets | $4.42M | $6.14M | $5.82M | $6.83M | $29.93M |
| Total Assets | $65.66M | $182.99M | $246.52M | $146.72M | $272.25M |
| Other Current Liabilities | $8.33M | $8.93M | $9.21M | $12.36M | $22.93M |
| Total Current Liabilities | $31.14M | $37.34M | $29.52M | $31.40M | $52.71M |
| Other Non-current Liabilities | - | - | $4.74M | $2.15M | $475.00K |
| Total Liabilities | $38.27M | $42.80M | $52.06M | $47.45M | $66.75M |
| Common Stock | $11.65M | $10.97M | $10.72M | $6.54M | $6.52M |
| Retained Earnings | $-286.38M | $-238.86M | $-259.58M | $-258.53M | $-958.54M |
| Treasury Stock | - | $1.26M | $1.11M | $1.23M | $1.17M |
| Total Stockholders Equity | $27.39M | $140.19M | $194.45M | $99.27M | $205.49M |
| Total Liabilities & Equity | $65.66M | $182.99M | $246.52M | $146.72M | $272.25M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-125.13M | $-113.92M | $-72.73M | $-96.27M | $-97.81M | $-159.56M |
| Stock-based Compensation | $7.66M | $4.62M | $6.02M | $5.03M | $3.12M | $-1.13M |
| Change in Receivables | - | - | - | - | $-2.15M | $2.07M |
| Change in Inventory | - | - | - | - | - | $-2.33M |
| Operating Cash Flow | $-171.50M | $-104.47M | $-79.65M | $-55.67M | $-108.24M | $-165.61M |
| Capital Expenditure | $86.00K | $2.34M | $677.00K | $754.00K | $910.00K | $2.73M |
| Purchases of Investments | - | $3.00K | $285.00K | $123.00K | $119.00K | $103.00K |
| Investing Cash Flow | $-649.00K | $-757.00K | $-808.00K | $-100.00K | $-433.00K | $-2.87M |
| Financing Cash Flow | $234.83M | $587.00K | $6.77M | $194.12M | $274.00K | $149.55M |
| Net Change in Cash | $74.65M | $-108.91M | $-67.83M | $131.89M | $-119.05M | $3.10M |
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 | $2.77M | - | $4.99M | - |
| Operating Expenses | $37.05M | - | $107.00M | - |
| Research & Development | $28.61M | - | $83.79M | - |
| Operating Income | $-34.28M | - | $-102.00M | - |
| Income Before Tax | $-33.16M | - | $-102.00M | - |
| Income Tax Expense | - | - | $117.00K | - |
| Net Income | $-33.16M | $-33.12M | $-102.12M | - |
| Basic EPS | -0.24 | - | -0.82 | - |
| Diluted EPS | -0.24 | - | -0.82 | - |
| Basic Shares Outstanding | $136.81M | - | $124.72M | - |
| Diluted Shares Outstanding | $136.81M | - | $124.72M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $69.84M | $32.46M |
| Other Current Assets | $19.05M | $11.93M |
| Total Current Assets | $88.88M | $44.39M |
| Property Plant & Equipment | $10.54M | $11.31M |
| Intangible Assets | $21.00K | $40.00K |
| Other Non-current Assets | $5.46M | $4.42M |
| Total Assets | $110.50M | $65.66M |
| Other Current Liabilities | $8.45M | $8.33M |
| Total Current Liabilities | $49.48M | $31.14M |
| Total Liabilities | $57.64M | $38.27M |
| Common Stock | $15.39M | $11.65M |
| Retained Earnings | $-348.30M | $-286.38M |
| Total Stockholders Equity | $52.85M | $27.39M |
| Total Liabilities & Equity | $110.50M | $65.66M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-33.16M | $-33.12M | $-102.12M | - |
| Stock-based Compensation | - | - | $3.46M | - |
| Operating Cash Flow | - | - | $-86.01M | - |
| Capital Expenditure | - | - | $159.00K | - |
| Investing Cash Flow | - | - | $-654.00K | - |
| Financing Cash Flow | - | - | $117.12M | - |
| Net Change in Cash | - | - | $37.38M | - |
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.