$2.81M
Revenue
$-114.60M
Net Income
-
Gross Margin
-4229.13%
Op. Margin
$-142.76M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $378.00K | $593.00K | $1.18M | $665.00K | $1.70M | $1.27M |
| Revenue Growth % (YoY) | -77.8% | -53.3% | nan% | nan% | nan% | nan% |
| Operating Expenses | $30.53M | $31.99M | $28.91M | $30.44M | $30.60M | $27.99M |
| Research & Development | $19.25M | $20.46M | $16.36M | $18.38M | $17.98M | $15.26M |
| Selling General & Admin | $8.44M | $8.53M | $9.47M | $8.83M | $9.26M | $9.35M |
| Operating Income | $-30.15M | $-31.39M | $-27.73M | $-29.77M | $-28.89M | $-26.72M |
| Operating Margin % | -7977.2% | -5293.9% | -2351.9% | -4477.3% | -1698.7% | -2104.0% |
| Interest Expense | $45.00K | $56.00K | $79.00K | $105.00K | $130.00K | $150.00K |
| Other Income/Expense | $1.60M | $1.01M | $1.46M | $921.00K | $1.66M | $2.12M |
| Income Before Tax | $-28.60M | $-30.44M | $-26.35M | $-28.96M | $-27.36M | $-24.75M |
| Income Tax Expense | $104.00K | $131.00K | $-4.00K | $21.00K | $37.00K | - |
| Net Income | $-28.71M | $-30.57M | $-26.35M | $-28.98M | $-27.40M | $-24.75M |
| Net Margin % | -7594.2% | -5155.0% | -2234.6% | -4358.3% | -1610.7% | -1948.8% |
| Basic EPS | -0.20 | -0.24 | -0.21 | -0.26 | -0.24 | -0.22 |
| Diluted EPS | -0.20 | -0.24 | -0.21 | -0.26 | -0.24 | -0.22 |
| Basic Shares Outstanding | 143.8M | 127.6M | 124.5M | 1.6M | 113.6M | 112.9M |
| Diluted Shares Outstanding | 143.8M | 127.6M | 124.5M | 1.6M | 113.6M | 112.9M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $9.48M | $38.02M | $46.99M | $41.21M | $38.20M | $42.94M |
| Short-term Investments | $143.00M | - | - | - | - | - |
| Accounts Receivable | $1.00M | $700.00K | $1.38M | - | - | - |
| Other Current Assets | $5.18M | $3.04M | $4.54M | $5.46M | $5.78M | $3.39M |
| Total Current Assets | $174.99M | $137.40M | $155.98M | $133.83M | $150.14M | $165.19M |
| Intangible Assets | $42.36M | $43.20M | $44.04M | $44.88M | $45.73M | $46.57M |
| Other Non-current Assets | $383.00K | $716.00K | $631.00K | $705.00K | $1.61M | $1.61M |
| Total Assets | $244.99M | $209.89M | $232.45M | $213.61M | $235.23M | $255.53M |
| Accounts Payable | $4.59M | $8.21M | $4.95M | $3.53M | $1.67M | $1.69M |
| Accrued Liabilities | $8.23M | $5.71M | $4.26M | $6.84M | $18.25M | $16.85M |
| Deferred Revenue | $1.08M | $954.00K | $1.10M | $1.12M | $1.78M | $1.97M |
| Total Current Liabilities | $29.71M | $31.32M | $27.28M | $28.66M | $26.69M | $25.47M |
| Deferred Tax Liabilities | - | - | - | - | $175.00K | $175.00K |
| Other Non-current Liabilities | $1.79M | $1.48M | $1.69M | $133.00K | $31.00K | $15.00K |
| Total Liabilities | $34.65M | $36.52M | $33.65M | $34.48M | $33.90M | $34.04M |
| Common Stock | $15.00K | $13.00K | $13.00K | $12.00K | $11.00K | $11.00K |
| Retained Earnings | $-595.22M | $-566.52M | $-535.95M | $-509.60M | $-480.62M | $-453.22M |
| Total Stockholders Equity | $210.34M | $173.37M | $198.80M | $179.13M | $201.34M | $221.49M |
| Total Liabilities & Equity | $244.99M | $209.89M | $232.45M | $213.61M | $235.23M | $255.53M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-28.71M | $-56.91M | $-26.35M | $-28.98M | $-27.40M | $-46.73M |
| Depreciation & Amortization | $2.84M | $6.07M | $3.07M | $3.23M | $10.15M | $6.80M |
| Stock-based Compensation | $14.06M | $9.67M | $4.91M | $5.07M | $14.38M | $8.88M |
| Deferred Income Tax | - | - | - | - | - | $-11.00K |
| Change in Receivables | $1.00M | $700.00K | $1.38M | $-1.50M | - | - |
| Change in Payables | $1.06M | $4.67M | $1.23M | $1.86M | $161.00K | $191.00K |
| Operating Cash Flow | $-63.74M | $-38.71M | $-21.84M | $-16.96M | $-55.44M | $-34.71M |
| Capital Expenditure | $1.21M | $248.00K | $25.00K | $23.00K | $381.00K | $333.00K |
| Investing Cash Flow | $-69.71M | $-6.00M | $-15.04M | $19.04M | $-60.62M | $-75.43M |
| Debt Repayment | $2.62M | $1.84M | $762.00K | $899.00K | $2.49M | $1.67M |
| Stock Issued | $102.34M | $41.69M | $41.69M | - | $84.61M | $83.22M |
| Financing Cash Flow | $102.11M | $41.79M | $42.79M | $986.00K | $81.54M | $81.05M |
| Net Change in Cash | $-31.34M | $-2.93M | $5.91M | $3.06M | $-34.52M | $-29.08M |
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 | $378.00K | - | $2.15M | - |
| Operating Expenses | $30.53M | - | $91.43M | - |
| Research & Development | $19.25M | - | $56.07M | - |
| Selling General & Admin | $8.44M | - | $26.44M | - |
| Operating Income | $-30.15M | - | $-89.28M | - |
| Interest Expense | $45.00K | - | $180.00K | - |
| Other Income/Expense | $1.60M | - | $4.07M | - |
| Income Before Tax | $-28.60M | - | $-85.39M | - |
| Income Tax Expense | $104.00K | - | $231.00K | - |
| Net Income | $-28.71M | $-24.75M | $-85.62M | - |
| Basic EPS | -0.20 | - | -0.65 | - |
| Diluted EPS | -0.20 | - | -0.65 | - |
| Basic Shares Outstanding | $143.77M | - | $132.11M | - |
| Diluted Shares Outstanding | $143.77M | - | $132.11M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $9.48M | $41.21M |
| Short-term Investments | $143.00M | $71.21M |
| Accounts Receivable | $1.00M | - |
| Other Current Assets | $5.18M | $5.46M |
| Total Current Assets | $174.99M | $133.83M |
| Intangible Assets | $42.36M | $44.88M |
| Other Non-current Assets | $383.00K | $705.00K |
| Total Assets | $244.99M | $213.61M |
| Accounts Payable | $4.59M | $3.53M |
| Accrued Liabilities | $8.23M | $6.84M |
| Deferred Revenue | $1.08M | $1.12M |
| Total Current Liabilities | $29.71M | $28.66M |
| Other Non-current Liabilities | $1.79M | $133.00K |
| Total Liabilities | $34.65M | $34.48M |
| Common Stock | $15.00K | $12.00K |
| Retained Earnings | $-595.22M | $-509.60M |
| Total Stockholders Equity | $210.34M | $179.13M |
| Total Liabilities & Equity | $244.99M | $213.61M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-28.71M | $-24.75M | $-85.62M | - |
| Depreciation & Amortization | $2.84M | - | $8.91M | - |
| Stock-based Compensation | - | - | $14.06M | - |
| Change in Receivables | - | - | $1.00M | - |
| Change in Payables | - | - | $1.06M | - |
| Operating Cash Flow | - | - | $-63.74M | - |
| Capital Expenditure | - | - | $1.21M | - |
| Investing Cash Flow | - | - | $-69.71M | - |
| Debt Repayment | - | - | $2.62M | - |
| Stock Issued | - | - | $102.34M | - |
| Financing Cash Flow | - | - | $102.11M | - |
| Net Change in Cash | - | - | $-31.34M | - |
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.