-
Revenue
$29.82M
Net Income
-
Gross Margin
-
Op. Margin
$-69.16M
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 | - | $53.74M | - | $-6.65M | $3.21M | $33.97M |
| Revenue Growth % | nan% | nan% | 100.0% | -307.3% | -90.6% | nan% |
| Operating Expenses | $36.83M | $36.84M | $66.10M | $102.58M | $136.49M | $129.92M |
| Research & Development | $19.16M | $19.16M | $48.14M | $62.00M | $98.35M | $93.08M |
| Operating Income | $16.90M | $16.90M | $-66.10M | $-101.43M | $-133.28M | $-95.95M |
| Operating Margin % | nan% | 31.5% | nan% | 1525.0% | -4154.6% | -282.4% |
| Other Income/Expense | $1.18M | $1.18M | $4.12M | $14.35M | $134.48M | $185.00K |
| Income Before Tax | $29.82M | $29.82M | $-46.09M | $-87.08M | $1.20M | $-95.76M |
| Income Tax Expense | - | - | $21.00K | - | $715.00K | - |
| Net Income | $29.82M | $29.82M | $-47.73M | $-112.96M | $-5.00M | $-95.76M |
| Net Margin % | nan% | 55.5% | nan% | 1698.4% | -156.0% | -281.9% |
| Basic EPS | nan | 2.42 | -5.12 | -1.95 | -0.09 | -1.73 |
| Diluted EPS | nan | 2.42 | -6.58 | -1.95 | -0.09 | -1.73 |
| Basic Shares Outstanding | 88K | 12.3M | 9.3M | 57.8M | 57.4M | 55.3M |
| Diluted Shares Outstanding | 103K | 12.3M | 9.7M | 57.8M | 57.4M | 55.3M |
| 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 | $48.30M | $77.97M | $39.27M | $33.99M | $108.38M |
| Other Current Assets | $20.00K | $396.00K | $1.00M | $5.99M | $7.13M |
| Total Current Assets | $55.05M | $81.88M | $83.91M | $181.01M | $191.91M |
| Property Plant & Equipment | $979.00K | $1.37M | - | $1.08M | $2.25M |
| Other Non-current Assets | - | $116.00K | $4.61M | - | - |
| Total Assets | $61.78M | $92.33M | $84.56M | $228.47M | $211.72M |
| Accounts Payable | $879.00K | $2.99M | $3.23M | $1.14M | $2.37M |
| Accrued Liabilities | $4.23M | $7.48M | - | - | - |
| Deferred Revenue | - | - | - | $1.16M | $3.21M |
| Total Current Liabilities | $11.35M | $16.46M | $11.57M | $22.58M | $17.23M |
| Other Non-current Liabilities | - | $55.00M | $55.00M | - | - |
| Total Liabilities | $19.76M | $86.66M | $11.57M | $50.49M | $42.07M |
| Common Stock | $2.00K | $2.00K | $6.00K | $6.00K | $6.00K |
| Retained Earnings | $-204.99M | $-234.81M | $-542.10M | $-429.14M | $-424.13M |
| Total Stockholders Equity | $42.01M | $5.67M | $72.99M | $177.98M | $169.65M |
| Total Liabilities & Equity | $61.78M | $92.33M | $84.56M | $228.47M | $211.72M |
| 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 | $29.82M | $29.82M | $-47.73M | $-112.96M | $-5.00M | $-95.76M |
| Stock-based Compensation | $9.21M | $5.25M | $4.39M | $7.32M | $13.05M | $17.25M |
| Change in Payables | $-4.47M | $-2.11M | $-1.04M | $2.09M | $-981.00K | $-2.49M |
| Operating Cash Flow | $-69.16M | $-33.54M | $-67.72M | $-96.23M | $-113.66M | $-109.75M |
| Capital Expenditure | - | - | $75.00K | $228.00K | $1.28M | $2.40M |
| Investing Cash Flow | $7.00M | $7.00M | $19.93M | $101.33M | $36.72M | $-50.79M |
| Stock Issued | - | - | $42.00M | - | - | $49.74M |
| Financing Cash Flow | - | $-3.12M | $95.14M | $184.00K | $596.00K | $52.17M |
| Net Change in Cash | - | - | - | $5.28M | $-76.35M | $-108.37M |
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 | |
| Operating Expenses | $7.58M | - | $28.98M | - |
| Research & Development | $3.56M | - | $15.84M | - |
| Operating Income | $-7.58M | - | $-28.98M | - |
| Other Income/Expense | $188.00K | - | $1.07M | - |
| Income Before Tax | $-7.39M | - | $-27.91M | - |
| Net Income | $-7.39M | $-16.98M | $-27.91M | - |
| Basic EPS | -0.60 | - | -2.29 | - |
| Diluted EPS | -0.60 | - | -2.29 | - |
| Basic Shares Outstanding | $12.24M | - | $12.21M | - |
| Diluted Shares Outstanding | $12.24M | - | $12.21M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $49.04M | $77.97M |
| Other Current Assets | $1.77M | $3.91M |
| Total Current Assets | $50.81M | $81.88M |
| Property Plant & Equipment | $1.07M | $1.37M |
| Other Non-current Assets | - | $116.00K |
| Total Assets | $57.78M | $92.33M |
| Accounts Payable | $973.00K | $2.99M |
| Total Current Liabilities | $11.11M | $16.46M |
| Other Non-current Liabilities | $55.00M | $55.00M |
| Total Liabilities | $76.23M | $86.66M |
| Common Stock | $2.00K | $2.00K |
| Retained Earnings | $-262.72M | $-234.81M |
| Total Stockholders Equity | $-18.45M | $5.67M |
| Total Liabilities & Equity | $57.78M | $92.33M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-7.39M | $-16.98M | $-27.91M | - |
| Stock-based Compensation | - | - | $3.79M | - |
| Change in Payables | - | - | $-2.02M | - |
| Operating Cash Flow | - | - | $-27.36M | - |
| Capital Expenditure | - | - | - | - |
| Investing Cash Flow | - | - | - | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $-1.56M | - |
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.