$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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $378.00K | $593.00K | $1.18M | $665.00K | $1.70M | $1.27M | $898.00K | $338.00K | $744.00K | $3.37M | $1.27M | $1.56M | $2.37M | $1.00M | $819.00K | $1.45M | $1.54M | $728.00K |
| Revenue Growth % (YoY) | -77.8% | -53.3% | 31.3% | 96.7% | 128.6% | -62.3% | -29.2% | -78.3% | -68.6% | 236.0% | 54.9% | 7.2% | 53.9% | 37.6% | nan% | nan% | nan% | nan% |
| Operating Expenses | $30.53M | $31.99M | $28.91M | $30.44M | $30.60M | $27.99M | $24.40M | $25.08M | $24.05M | $46.35M | $25.75M | $22.65M | $30.34M | $29.89M | $29.62M | $27.71M | $22.68M | $17.42M |
| Research & Development | $19.25M | $20.46M | $16.36M | $18.38M | $17.98M | $15.26M | $12.24M | $12.27M | $11.03M | $12.11M | $12.66M | $11.31M | $15.53M | $16.24M | $15.83M | $15.77M | $10.73M | $11.04M |
| Selling General & Admin | $8.44M | $8.53M | $9.47M | $8.83M | $9.26M | $9.35M | $8.74M | $9.32M | $9.51M | $9.41M | $9.59M | $7.75M | $11.41M | $10.51M | $10.89M | $9.18M | $9.73M | $5.18M |
| Operating Income | $-30.15M | $-31.39M | $-27.73M | $-29.77M | $-28.89M | $-26.72M | $-23.50M | $-24.74M | $-23.30M | $-42.99M | $-24.48M | $-21.09M | $-27.97M | $-28.89M | $-28.80M | $-26.26M | $-21.14M | $-16.69M |
| Operating Margin % | -7977.2% | -5293.9% | -2351.9% | -4477.3% | -1698.7% | -2104.0% | -2616.7% | -7319.2% | -3132.1% | -1276.7% | -1929.5% | -1354.7% | -1180.5% | -2882.9% | -3516.8% | -1808.3% | -1373.7% | -2292.9% |
| Interest Expense | $45.00K | $56.00K | $79.00K | $105.00K | $130.00K | $150.00K | $176.00K | $204.00K | $229.00K | $256.00K | $321.00K | $287.00K | $279.00K | $211.00K | $195.00K | $200.00K | $768.00K | $2.01M |
| Other Income/Expense | $1.60M | $1.01M | $1.46M | $921.00K | $1.66M | $2.12M | $1.71M | $1.45M | $1.57M | $1.58M | $1.46M | $1.41M | $675.00K | $148.00K | $125.00K | $188.00K | $-3.43M | $-28.11M |
| Income Before Tax | $-28.60M | $-30.44M | $-26.35M | $-28.96M | $-27.36M | $-24.75M | $-21.96M | $-23.50M | $-21.96M | $-41.66M | $-23.35M | $-19.97M | $-27.57M | $-28.95M | $-28.87M | $-26.27M | $-25.34M | $-46.81M |
| Income Tax Expense | $104.00K | $131.00K | $-4.00K | $21.00K | $37.00K | - | $12.00K | $48.00K | $34.00K | $11.00K | $7.00K | $-500.00K | $-312.00K | $-270.00K | $621.00K | $-1.10M | $-1.70M | $-5.62M |
| Net Income | $-28.71M | $-30.57M | $-26.35M | $-28.98M | $-27.40M | $-24.75M | $-21.98M | $-23.55M | $-21.99M | $-41.67M | $-23.36M | $-19.47M | $-27.26M | $-28.68M | $-29.49M | $-25.17M | $-23.63M | $-41.20M |
| Net Margin % | -7594.2% | -5155.0% | -2234.6% | -4358.3% | -1610.7% | -1948.8% | -2447.1% | -6966.0% | -2956.2% | -1237.7% | -1840.4% | -1250.5% | -1150.7% | -2862.3% | -3601.2% | -1733.2% | -1535.7% | -5659.1% |
| Basic EPS | -0.20 | -0.24 | -0.21 | -0.26 | -0.24 | -0.22 | -0.22 | -0.25 | -0.24 | -0.45 | -0.26 | -0.21 | -0.30 | -0.32 | -0.33 | 0.08 | -0.33 | -2.39 |
| Diluted EPS | -0.20 | -0.24 | -0.21 | -0.26 | -0.24 | -0.22 | -0.22 | -0.25 | -0.24 | -0.45 | -0.26 | -0.21 | -0.30 | -0.32 | -0.33 | 0.08 | -0.33 | -2.39 |
| Basic Shares Outstanding | 143.8M | 127.6M | 124.5M | 1.6M | 113.6M | 112.9M | 99.4M | 184K | 92.2M | 91.8M | 91.5M | 159K | 91.1M | 90.7M | 90.3M | 13.5M | 73.3M | 17.6M |
| Diluted Shares Outstanding | 143.8M | 127.6M | 124.5M | 1.6M | 113.6M | 112.9M | 99.4M | 184K | 92.2M | 91.8M | 91.5M | 159K | 91.1M | 90.7M | 90.3M | 13.5M | 73.3M | 17.6M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $9.48M | $38.02M | $46.99M | $41.21M | $38.20M | $42.94M | $58.83M | $72.36M | $69.73M | $61.05M | $11.41M | $59.95M | $107.32M | $206.02M | $226.00M | $252.57M | $279.26M | $99.45M |
| Short-term Investments | $143.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | $1.00M | $700.00K | $1.38M | - | - | - | - | $2.19M | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | $5.18M | $3.04M | $4.54M | $5.46M | $5.78M | $3.39M | $3.86M | $4.54M | $4.40M | $5.23M | $4.71M | $5.86M | $4.84M | $6.54M | $6.59M | $8.57M | $10.18M | $1.90M |
| Total Current Assets | $174.99M | $137.40M | $155.98M | $133.83M | $150.14M | $165.19M | $181.80M | $120.58M | $134.71M | $148.04M | $165.32M | $186.86M | $201.38M | $227.89M | $255.96M | $273.08M | $300.67M | $112.39M |
| Goodwill | - | - | - | - | - | - | - | - | - | - | $21.34M | $21.34M | $21.34M | $21.34M | $21.34M | $21.34M | $23.01M | $22.89M |
| Intangible Assets | $42.36M | $43.20M | $44.04M | $44.88M | $45.73M | $46.57M | $47.41M | $48.25M | $49.09M | $49.94M | $50.78M | $51.62M | $52.47M | $53.31M | $54.15M | $54.99M | $55.84M | $56.68M |
| Other Non-current Assets | $383.00K | $716.00K | $631.00K | $705.00K | $1.61M | $1.61M | $1.53M | $1.54M | $1.54M | $1.54M | $1.22M | $1.28M | $1.29M | $1.34M | $1.29M | $1.29M | $1.29M | $2.82M |
| Total Assets | $244.99M | $209.89M | $232.45M | $213.61M | $235.23M | $255.53M | $274.90M | $217.30M | $236.34M | $254.15M | $295.81M | $321.01M | $339.39M | $366.31M | $395.46M | $426.19M | $449.12M | $257.07M |
| Accounts Payable | $4.59M | $8.21M | $4.95M | $3.53M | $1.67M | $1.69M | $1.65M | $1.50M | $1.91M | $1.85M | $1.93M | $2.41M | $1.86M | $5.47M | $6.74M | $8.38M | $6.37M | $9.00M |
| Accrued Liabilities | $8.23M | $5.71M | $4.26M | $6.84M | $18.25M | $16.85M | $15.40M | $19.30M | $19.68M | $16.71M | $18.09M | $20.48M | $20.98M | $17.05M | $25.64M | $17.43M | $15.28M | $14.00M |
| Deferred Revenue | $1.08M | $954.00K | $1.10M | $1.12M | $1.78M | $1.97M | $3.06M | $3.17M | $345.00K | $500.00K | $359.00K | $445.00K | $679.00K | $2.80M | $2.79M | $1.35M | $1.97M | $1.77M |
| Total Current Liabilities | $29.71M | $31.32M | $27.28M | $28.66M | $26.69M | $25.47M | $25.29M | $29.56M | $27.97M | $25.48M | $27.20M | $30.27M | $30.03M | $31.69M | $41.88M | $33.86M | $30.25M | $29.76M |
| Deferred Tax Liabilities | - | - | - | - | $175.00K | $175.00K | $175.00K | $186.00K | $249.00K | $223.00K | $224.00K | $238.00K | $756.00K | $1.08M | $1.36M | $743.00K | $3.52M | $5.23M |
| Other Non-current Liabilities | $1.79M | $1.48M | $1.69M | $133.00K | $31.00K | $15.00K | $78.00K | $33.00K | - | - | - | $35.00K | $33.00K | $227.00K | $222.00K | $12.16M | $12.13M | $18.49M |
| Total Liabilities | $34.65M | $36.52M | $33.65M | $34.48M | $33.90M | $34.04M | $34.79M | $41.12M | $39.93M | $38.75M | $41.84M | $46.59M | $46.45M | $50.12M | $54.96M | $60.09M | $61.11M | $219.96M |
| Common Stock | $15.00K | $13.00K | $13.00K | $12.00K | $11.00K | $11.00K | $11.00K | $9.00K | $9.00K | $9.00K | $9.00K | $9.00K | $9.00K | $9.00K | $9.00K | $9.00K | $9.00K | $2.00K |
| Retained Earnings | $-595.22M | $-566.52M | $-535.95M | $-509.60M | $-480.62M | $-453.22M | $-428.47M | $-406.50M | $-382.95M | $-360.96M | $-319.28M | $-295.93M | $-276.46M | $-249.20M | $-220.52M | $-191.03M | $-165.86M | $-142.22M |
| Total Stockholders Equity | $210.34M | $173.37M | $198.80M | $179.13M | $201.34M | $221.49M | $240.11M | $176.18M | $196.42M | $215.40M | $253.97M | $274.41M | $292.94M | $316.19M | $340.50M | $366.11M | $388.01M | $-124.26M |
| Total Liabilities & Equity | $244.99M | $209.89M | $232.45M | $213.61M | $235.23M | $255.53M | $274.90M | $217.30M | $236.34M | $254.15M | $295.81M | $321.01M | $339.39M | $366.31M | $395.46M | $426.19M | $449.12M | $257.07M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-28.71M | $-56.91M | $-26.35M | $-28.98M | $-27.40M | $-46.73M | $-21.98M | $-23.55M | $-87.02M | $-65.03M | $-23.36M | $-19.47M | $-85.43M | $-28.68M | $-29.49M | $-25.17M | $-23.63M | $-52.16M |
| Depreciation & Amortization | $2.84M | $6.07M | $3.07M | $3.23M | $10.15M | $6.80M | $3.42M | $3.48M | $3.51M | $7.00M | $3.50M | $3.59M | $3.40M | $3.14M | $2.91M | $2.76M | $3.90M | $1.68M |
| Stock-based Compensation | $14.06M | $9.67M | $4.91M | $5.07M | $14.38M | $8.88M | $3.59M | $3.18M | $8.24M | $5.69M | $2.65M | $1.02M | $11.52M | $7.95M | $3.74M | $3.23M | $7.38M | $3.59M |
| Deferred Income Tax | - | - | - | - | - | $-11.00K | $-11.00K | $-63.00K | $11.00K | $-15.00K | $-14.00K | $-518.00K | $13.00K | $342.00K | $616.00K | $-1.10M | $-7.80M | $-6.09M |
| 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 | $150.00K | $-406.00K | $-380.00K | $-885.00K | $-482.00K | $691.00K | $-1.22M | $659.00K | $637.00K | $29.00K | $1.54M | $2.74M |
| Operating Cash Flow | $-63.74M | $-38.71M | $-21.84M | $-16.96M | $-55.44M | $-34.71M | $-17.86M | $-14.92M | $-49.71M | $-39.35M | $-20.12M | $-18.57M | $-62.77M | $-43.73M | $-21.15M | $-17.08M | $-43.52M | $-21.77M |
| Capital Expenditure | $1.21M | $248.00K | $25.00K | $23.00K | $381.00K | $333.00K | - | $17.00K | $843.00K | $536.00K | $280.00K | $560.00K | $15.62M | $10.74M | $6.86M | $8.32M | $29.73M | $24.11M |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | $8.00M | $8.00M | - | - | $28.13M | $28.13M |
| Investing Cash Flow | $-69.71M | $-6.00M | $-15.04M | $19.04M | $-60.62M | $-75.43M | $-76.68M | $18.96M | $62.99M | $42.85M | $-27.30M | $-30.18M | $-96.80M | $-18.08M | $-6.86M | $-8.32M | $-59.06M | $-52.24M |
| Debt Repayment | $2.62M | $1.84M | $762.00K | $899.00K | $2.49M | $1.67M | $872.00K | $844.00K | $2.17M | $1.41M | $662.00K | $565.00K | $4.09M | $3.70M | $600.00K | $600.00K | $1.00M | $139.00K |
| Stock Issued | $102.34M | $41.69M | $41.69M | - | $84.61M | $83.22M | $82.46M | $137.00K | $725.00K | $345.00K | $229.00K | $66.00K | $590.00K | $428.00K | $213.00K | $71.00K | $210.32M | $69.00K |
| Financing Cash Flow | $102.11M | $41.79M | $42.79M | $986.00K | $81.54M | $81.05M | $81.18M | $-1.24M | $-3.25M | $-2.32M | $-1.10M | $1.39M | $3.84M | $4.76M | $-1.06M | $-1.30M | $337.49M | $129.10M |
| Net Change in Cash | $-31.34M | $-2.93M | $5.91M | $3.06M | $-34.52M | $-29.08M | $-13.36M | $2.80M | $10.02M | $1.17M | $-48.52M | $-47.35M | $-155.73M | $-57.04M | $-29.06M | $-26.69M | $234.91M | $55.09M |
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.