$5.50M
Revenue
$-125.13M
Net Income
-
Gross Margin
-2287.24%
Op. Margin
$-171.59M
Free Cash Flow
| Breakdown | Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.77M | $1.47M | $753.00K | $511.00K | $1.07M | $1.16M | $1.41M | $8.88M | $2.37M | $2.29M | $2.19M | $-1.30M | $2.07M | $1.53M | $2.55M | $2.93M | $1.32M | $-1.49M | $2.94M |
| Revenue Growth % (YoY) | 158.8% | 26.2% | -46.5% | -94.2% | -54.8% | -49.3% | -35.9% | 780.6% | 14.4% | 49.6% | -13.8% | -144.5% | 56.8% | 202.8% | -13.4% | nan% | nan% | nan% | nan% |
| Operating Expenses | $37.05M | $42.58M | $27.37M | $24.37M | $31.40M | $35.00M | $29.96M | $20.80M | $20.64M | $27.36M | $23.36M | $36.71M | $20.09M | $25.35M | $19.32M | $16.41M | $25.69M | $29.65M | $32.58M |
| Research & Development | $28.61M | $33.69M | $21.48M | $18.90M | $23.66M | $25.37M | $21.40M | $12.78M | $13.79M | $17.62M | $16.04M | $29.61M | $15.10M | $18.61M | $12.22M | $11.67M | $16.32M | $20.18M | $22.16M |
| Operating Income | $-34.28M | $-41.11M | $-26.62M | $-23.86M | $-30.33M | $-33.84M | $-28.56M | $-11.92M | $-18.27M | $-25.08M | $-21.16M | $-38.02M | $-18.02M | $-23.82M | $-16.77M | $-13.48M | $-24.37M | $-31.13M | $-29.63M |
| Operating Margin % | -1235.7% | -2806.2% | -3534.9% | -4669.5% | -2829.1% | -2914.9% | -2029.7% | -134.3% | -770.2% | -1096.0% | -964.7% | 2915.4% | -868.9% | -1558.1% | -658.7% | -459.7% | -1841.9% | 2092.3% | -1007.6% |
| Income Before Tax | $-33.16M | $-41.76M | $-27.08M | $-23.01M | $-30.44M | $-33.12M | $-27.30M | $-11.19M | $-16.74M | $-24.23M | $-20.56M | $-39.26M | $-17.29M | $-23.04M | $-16.62M | $-13.65M | $-24.03M | $-31.09M | $-29.42M |
| Income Tax Expense | - | $117.00K | - | $7.00K | - | - | $48.00K | $-6.00K | - | $13.00K | - | $-17.00K | - | - | $87.00K | $23.00K | $-404.00K | $-434.00K | $30.00K |
| Net Income | $-33.16M | $-41.88M | $-27.08M | $-23.02M | $-30.44M | $-33.12M | $-27.34M | $-11.19M | $-16.74M | $-24.24M | $-20.56M | $-39.24M | $-17.29M | $-23.04M | $-16.71M | $-13.67M | $-24.03M | $-30.65M | $-29.45M |
| Net Margin % | -1195.5% | -2858.4% | -3596.1% | -4503.9% | -2839.7% | -2852.4% | -1943.5% | -126.0% | -705.6% | -1059.6% | -937.1% | 3009.3% | -833.5% | -1506.8% | -656.2% | -466.3% | -1816.6% | 2060.1% | -1001.3% |
| Basic EPS | -0.24 | -0.31 | -0.26 | -0.22 | -0.32 | -0.34 | -0.28 | -0.11 | -0.17 | -0.26 | -0.22 | -0.45 | -0.18 | -0.35 | nan | -0.25 | nan | nan | nan |
| Diluted EPS | -0.24 | -0.31 | -0.26 | -0.22 | -0.32 | -0.34 | -0.28 | -0.11 | -0.17 | -0.26 | -0.22 | -0.45 | -0.18 | -0.35 | nan | -0.25 | nan | nan | nan |
| Basic Shares Outstanding | 136.8M | 134.5M | 102.6M | 808K | 96.2M | 96.2M | 96.2M | 320K | 96.1M | 94.3M | 94.0M | 5.6M | 93.9M | 66.0M | - | 6K | - | - | - |
| Diluted Shares Outstanding | 136.8M | 134.5M | 102.6M | 808K | 96.2M | 96.2M | 96.2M | 320K | 96.1M | 94.3M | 94.0M | 5.6M | 93.9M | 66.0M | - | 6K | - | - | - |
| Breakdown | Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $69.84M | $103.21M | $12.96M | $32.46M | $46.44M | $66.21M | $101.53M | $141.37M | $149.13M | $173.96M | $192.29M | $209.19M | $212.67M | $247.97M | $74.11M | $77.30M | $98.19M | $125.48M | $152.46M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | $19.05M | $18.03M | $16.19M | $11.93M | $22.32M | $23.75M | $18.04M | $17.55M | $20.14M | $21.58M | $17.95M | $13.88M | $13.03M | $11.98M | $16.33M | $37.09M | $11.94M | $13.11M | $7.35M |
| Total Current Assets | $88.88M | $121.24M | $29.15M | $44.39M | $68.76M | $89.96M | $119.56M | $158.91M | $169.27M | $195.54M | $210.24M | $223.07M | $225.69M | $259.95M | $90.44M | $114.39M | $110.14M | $138.59M | $159.81M |
| Property Plant & Equipment | $10.54M | $11.05M | $10.81M | $11.31M | $12.98M | $12.87M | $12.91M | $12.62M | $13.09M | $14.13M | $14.79M | $15.10M | $14.43M | $15.68M | $17.20M | $18.15M | $19.27M | $20.58M | $21.53M |
| Intangible Assets | $21.00K | $26.00K | $29.00K | $40.00K | $43.00K | $46.00K | $52.00K | $58.00K | $61.00K | $68.00K | $10.00K | $10.00K | $11.00K | $14.00K | $18.00K | $22.00K | $26.00K | $25.00K | $32.00K |
| Other Non-current Assets | $5.46M | $5.33M | $4.96M | $4.42M | $5.28M | $5.35M | $6.82M | $6.14M | $5.97M | $5.94M | $5.77M | $5.82M | $5.37M | $6.19M | $6.58M | $6.83M | $33.61M | $32.76M | $30.87M |
| Total Assets | $110.50M | $143.43M | $50.56M | $65.66M | $93.06M | $114.19M | $145.90M | $182.99M | $189.78M | $217.52M | $232.93M | $246.52M | $248.12M | $284.98M | $117.58M | $146.72M | $170.92M | $200.58M | $221.41M |
| Other Current Liabilities | $8.45M | $7.52M | $5.45M | $8.33M | $7.79M | $6.16M | $5.02M | $8.93M | $8.67M | $7.26M | $6.78M | $9.21M | $8.62M | $8.78M | $8.72M | $12.36M | $12.66M | $12.67M | $13.39M |
| Total Current Liabilities | $49.48M | $49.42M | $40.38M | $31.14M | $30.91M | $27.38M | $26.48M | $37.34M | $31.44M | $33.37M | $32.78M | $29.52M | $28.39M | $30.43M | $26.03M | $31.40M | $33.81M | $38.70M | $38.83M |
| Other Non-current Liabilities | - | - | - | - | - | - | - | - | $2.70M | $3.99M | $4.39M | $4.74M | $979.00K | $1.76M | $1.46M | $2.15M | $4.29M | $3.47M | $1.29M |
| Total Liabilities | $57.64M | $57.20M | $47.69M | $38.27M | $39.02M | $35.09M | $34.24M | $42.80M | $45.79M | $53.28M | $53.83M | $52.06M | $36.06M | $40.56M | $35.52M | $47.45M | $54.03M | $57.56M | $52.23M |
| Common Stock | $15.39M | $15.39M | $11.65M | $11.65M | $10.98M | $10.98M | $10.97M | $10.97M | $10.95M | $10.95M | $10.72M | $10.72M | $10.71M | $10.71M | $6.54M | $6.54M | $6.53M | $6.53M | $6.52M |
| Retained Earnings | $-348.30M | $-315.14M | $-313.45M | $-286.38M | $-263.33M | $-232.89M | $-266.21M | $-238.86M | $-227.68M | $-210.94M | $-280.14M | $-259.58M | $-220.34M | $-203.05M | $-275.22M | $-258.53M | $-244.86M | $-220.82M | $-987.99M |
| Treasury Stock | - | - | - | - | - | $1.36M | $1.32M | $1.26M | $1.16M | $1.08M | $1.12M | $1.11M | $1.08M | $953.00K | $1.19M | $1.23M | $810.00K | $866.00K | $681.00K |
| Total Stockholders Equity | $52.85M | $86.22M | $2.87M | $27.39M | $54.03M | $79.09M | $111.65M | $140.19M | $143.99M | $164.24M | $179.09M | $194.45M | $212.05M | $244.42M | $82.06M | $99.27M | $116.89M | $143.02M | $169.18M |
| Total Liabilities & Equity | $110.50M | $143.43M | $50.56M | $65.66M | $93.06M | $114.19M | $145.90M | $182.99M | $189.78M | $217.52M | $232.93M | $246.52M | $248.12M | $284.98M | $117.58M | $146.72M | $170.92M | $200.58M | $221.41M |
| Breakdown | Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-33.16M | $-41.88M | $-27.08M | $-23.02M | $-30.44M | $-33.12M | $-27.34M | $-11.19M | $-61.54M | $-44.80M | $-20.56M | $-39.24M | $-17.29M | $-23.04M | $-16.71M | $-13.67M | $-84.14M | $-30.65M | $-29.45M |
| Stock-based Compensation | $3.46M | $2.95M | $1.70M | $-453.00K | $5.07M | $3.48M | $1.96M | $1.22M | $4.80M | $3.45M | $1.63M | $1.61M | $3.42M | $2.44M | $1.36M | $-956.00K | $4.08M | $2.53M | $1.43M |
| Change in Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $24.00K | $-2.17M | $-2.17M | $-2.10M |
| Operating Cash Flow | $-86.01M | $-53.57M | $-19.67M | $-12.25M | $-92.22M | $-69.77M | $-34.69M | $-13.69M | $-65.97M | $-46.39M | $-20.84M | $-23.89M | $-31.78M | $-11.73M | $-1.48M | $-18.79M | $-89.45M | $-66.50M | $-36.20M |
| Capital Expenditure | $159.00K | $42.00K | $10.00K | $-125.00K | $2.46M | $2.07M | $1.33M | $352.00K | $325.00K | $275.00K | $111.00K | $12.00K | $742.00K | $369.00K | $131.00K | $910.00K | - | $13.00K | $184.00K |
| Purchases of Investments | - | - | - | $-168.00K | $171.00K | - | $858.00K | $231.00K | $54.00K | $27.00K | - | $-26.00K | $149.00K | $279.00K | $40.00K | $119.00K | - | - | $1.00K |
| Investing Cash Flow | $-654.00K | $-413.00K | $-375.00K | $793.00K | $-1.55M | $-1.44M | $-2.13M | $-187.00K | $-621.00K | $-299.00K | $42.00K | $-34.00K | $-66.00K | $-218.00K | $11.00K | $-474.00K | $41.00K | $-13.00K | $-185.00K |
| Financing Cash Flow | $117.12M | $116.99M | $45.00K | $675.00K | $-88.00K | $-95.00K | $-62.00K | $-189.00K | $6.96M | $7.79M | $-14.00K | $-283.00K | $194.40M | $195.22M | $-129.00K | $377.00K | $-103.00K | $1.07M | $440.00K |
| Net Change in Cash | $37.38M | $70.75M | $-19.49M | $-13.99M | $-94.92M | $-75.15M | $-39.84M | $-7.77M | $-60.06M | $-35.23M | $-16.91M | $-3.48M | $135.37M | $170.67M | $-3.19M | $-20.89M | $-98.16M | $-70.87M | $-43.89M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.