-
Revenue
$29.82M
Net Income
-
Gross Margin
-
Op. Margin
$-69.16M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | - | - | - | - | - | - | - |
| Revenue Growth % (YoY) | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $7.86M | $7.58M | $9.17M | $12.23M | $14.53M | $18.81M | $17.92M |
| Research & Development | $3.31M | $3.56M | $5.16M | $7.12M | $10.54M | $14.35M | $13.41M |
| Operating Income | $45.88M | $-7.58M | $-9.17M | $-12.23M | $-14.53M | $-18.81M | $-17.92M |
| Operating Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Other Income/Expense | $114.00K | $188.00K | $-318.00K | $1.20M | $358.00K | $1.22M | $2.39M |
| Income Before Tax | $57.73M | $-7.39M | $-9.49M | $-11.03M | $-14.17M | $-17.59M | $-15.53M |
| Income Tax Expense | - | - | - | - | $21.00K | - | - |
| Net Income | $57.73M | $-7.39M | $-9.49M | $-11.03M | $-14.19M | $-17.59M | $-16.98M |
| Net Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Basic EPS | nan | -0.60 | -0.78 | -0.90 | -1.11 | -1.46 | -1.42 |
| Diluted EPS | nan | -0.60 | -0.78 | -0.90 | -0.98 | -1.46 | -1.42 |
| Basic Shares Outstanding | 88K | 12.2M | 12.2M | 12.2M | 960K | 12.1M | 12.0M |
| Diluted Shares Outstanding | 103K | 12.2M | 12.2M | 12.2M | 847K | 12.1M | 12.0M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $48.30M | $49.04M | $54.83M | $65.48M | $77.97M | $89.08M | $97.66M |
| Other Current Assets | $20.00K | $1.77M | $3.49M | $3.15M | $396.00K | $4.82M | $3.97M |
| Total Current Assets | $55.05M | $50.81M | $58.32M | $68.63M | $81.88M | $93.90M | $111.62M |
| Property Plant & Equipment | $979.00K | $1.07M | $1.16M | $1.25M | $1.37M | $1.49M | $1.55M |
| Other Non-current Assets | - | - | $570.00K | $444.00K | $116.00K | $40.00K | $1.10M |
| Total Assets | $61.78M | $57.78M | $66.12M | $79.07M | $92.33M | $104.54M | $124.21M |
| Accounts Payable | $879.00K | $973.00K | $910.00K | $2.71M | $2.99M | $1.26M | $2.48M |
| Accrued Liabilities | $4.23M | - | - | - | $7.48M | - | - |
| Total Current Liabilities | $11.35M | $11.11M | $11.53M | $14.58M | $16.46M | $14.38M | $17.19M |
| Other Non-current Liabilities | - | $55.00M | $55.00M | $55.00M | $55.00M | $55.00M | $55.00M |
| Total Liabilities | $19.76M | $76.23M | $78.35M | $83.08M | $86.66M | $86.25M | $90.70M |
| Common Stock | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K |
| Retained Earnings | $-204.99M | $-262.72M | $-255.33M | $-245.84M | $-234.81M | $-220.62M | $-203.03M |
| Total Stockholders Equity | $42.01M | $-18.45M | $-12.23M | $-4.01M | $5.67M | $18.30M | $33.51M |
| Total Liabilities & Equity | $61.78M | $57.78M | $66.12M | $79.07M | $92.33M | $104.54M | $124.21M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
|---|---|---|---|---|---|---|---|
| Net Income | $57.73M | $-7.39M | $-9.49M | $-11.03M | $-14.19M | $-33.54M | $-16.98M |
| Stock-based Compensation | $1.47M | $3.79M | $2.61M | $1.34M | $1.25M | $3.13M | $1.75M |
| Change in Payables | $-94.00K | $-2.02M | $-2.08M | $-277.00K | $1.73M | $-2.77M | $-1.55M |
| Operating Cash Flow | $-6.18M | $-27.36M | $-23.13M | $-12.48M | $-11.43M | $-56.29M | $-36.77M |
| Capital Expenditure | - | - | - | - | $2.00K | $73.00K | $15.00K |
| Investing Cash Flow | $7.00M | - | - | - | $-2.00K | $19.93M | $9.98M |
| Stock Issued | - | - | - | - | - | $42.00M | $42.00M |
| Financing Cash Flow | $-1.56M | $-1.56M | - | - | $317.00K | $94.82M | $93.82M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.