$81.36M
Revenue
$-142.62M
Net Income
-
Gross Margin
-149.34%
Op. Margin
$-278.72M
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 | $23.06M | $16.43M | $18.84M | $23.03M | $16.91M | $18.46M | $17.41M |
| Revenue Growth % (YoY) | 36.4% | -11.0% | 8.2% | nan% | nan% | nan% | nan% |
| Operating Expenses | $40.98M | $47.40M | $62.99M | $51.50M | $49.35M | $54.03M | $46.45M |
| Research & Development | $18.18M | $26.80M | $30.09M | $28.93M | $27.10M | $32.50M | $24.30M |
| Operating Income | $-17.92M | $-30.97M | $-44.15M | $-28.46M | $-32.44M | $-35.56M | $-29.04M |
| Operating Margin % | -77.7% | -188.5% | -234.3% | -123.6% | -191.8% | -192.6% | -166.8% |
| Interest Expense | $-22.34M | $10.88M | $7.22M | $12.23M | $4.66M | $13.12M | $12.68M |
| Interest Income | $2.35M | $2.47M | $1.93M | $2.05M | $2.63M | $3.44M | $3.25M |
| Other Income/Expense | $21.77M | $925.00K | $-182.00K | $203.00K | $10.67M | $1.62M | $2.75M |
| Income Before Tax | $-6.81M | $-40.97M | $-55.39M | $-38.44M | $-31.05M | $-43.62M | $-35.71M |
| Income Tax Expense | $-404.00K | - | $1.25M | $165.00K | $-321.00K | $90.00K | $234.00K |
| Net Income | $-6.41M | $-40.97M | $-56.65M | $-38.60M | $-30.73M | $-43.97M | $-36.54M |
| Net Margin % | -27.8% | -249.4% | -300.7% | -167.6% | -181.7% | -238.1% | -209.9% |
| Basic EPS | nan | -0.30 | -0.50 | -0.36 | -0.27 | -0.42 | -0.38 |
| Diluted EPS | nan | -0.30 | -0.50 | -0.36 | -0.27 | -0.42 | -0.38 |
| Basic Shares Outstanding | 7.8M | 136.4M | 113.7M | 107.2M | 2.8M | 104.8M | 95.7M |
| Diluted Shares Outstanding | 7.8M | 136.4M | 113.7M | 107.2M | 2.8M | 104.8M | 95.7M |
| 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 | $261.34M | $234.74M | $264.56M | $194.70M | $250.87M | $274.27M | $300.12M |
| Inventory | $4.18M | $18.04M | $17.76M | $17.45M | $18.39M | $16.07M | $15.19M |
| Other Current Assets | $6.08M | $5.52M | $5.66M | $7.18M | $9.45M | $18.63M | $17.18M |
| Total Current Assets | $306.33M | $287.15M | $318.75M | $257.99M | $307.39M | $333.00M | $355.36M |
| Property Plant & Equipment | - | - | $1.00K | $5.16M | $5.08M | $5.72M | $5.48M |
| Other Non-current Assets | $1.22M | $1.22M | $1.32M | $1.16M | $1.16M | $1.17M | $992.00K |
| Total Assets | $323.15M | $289.76M | $321.56M | $272.54M | $321.98M | $349.08M | $371.78M |
| Accounts Payable | $9.18M | $8.12M | $9.62M | $15.59M | $18.03M | $14.37M | $10.71M |
| Accrued Liabilities | $57.99M | $53.92M | $54.98M | $42.20M | $62.44M | $53.31M | $46.92M |
| Total Current Liabilities | $70.16M | $62.04M | $64.60M | $57.79M | $80.47M | $67.68M | $57.63M |
| Deferred Tax Liabilities | $789.00K | - | - | - | $1.91M | - | - |
| Other Non-current Liabilities | $2.81M | $9.39M | $7.17M | $4.45M | $2.43M | $7.65M | $6.62M |
| Total Liabilities | $508.98M | $527.94M | $520.75M | $510.76M | $524.62M | $521.02M | $503.45M |
| Common Stock | $11.08M | $9.76M | $9.75M | $8.44M | $8.43M | $8.23M | $8.23M |
| Retained Earnings | $-1.64B | $-1.63B | $-1.59B | $-1.53B | $-1.49B | $-1.46B | $-1.42B |
| Treasury Stock | $205.00K | $205.00K | $207.00K | $207.00K | $220.00K | $222.00K | $239.00K |
| Total Stockholders Equity | $-185.83M | $-238.18M | $-199.18M | $-238.22M | $-202.64M | $-171.95M | $-131.67M |
| Total Liabilities & Equity | $323.15M | $289.76M | $321.56M | $272.54M | $321.98M | $349.08M | $371.78M |
| 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 | $-6.41M | $-40.97M | $-95.25M | $-38.60M | $-30.73M | $-43.97M | $-83.15M |
| Stock-based Compensation | $673.00K | $6.23M | $4.23M | $2.42M | $1.62M | $4.95M | $2.15M |
| Change in Receivables | $6.19M | $2.60M | $5.87M | $11.45M | $-3.71M | $-1.06M | $-2.31M |
| Change in Inventory | $853.00K | $1.53M | $1.01M | $306.00K | $2.80M | $930.00K | $50.00K |
| Operating Cash Flow | $-31.12M | $-110.05M | $-80.42M | $-56.33M | $-21.85M | $-101.98M | $-76.94M |
| Capital Expenditure | - | $264.00K | $264.00K | $264.00K | $90.00K | $777.00K | $561.00K |
| Investing Cash Flow | $659.00K | $-264.00K | $-264.00K | $-264.00K | $-90.00K | $-777.00K | $-561.00K |
| Stock Issued | $43.52M | $42.76M | $43.24M | - | - | $60.51M | $61.73M |
| Financing Cash Flow | $57.09M | $93.86M | $94.05M | $271.00K | $-1.12M | $98.17M | $99.05M |
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 | $16.43M | $18.46M | $58.30M | $53.93M |
| Operating Expenses | $47.40M | $54.03M | $161.88M | $152.15M |
| Research & Development | $26.80M | $32.50M | $85.82M | $82.53M |
| Operating Income | $-30.97M | $-35.56M | $-103.58M | $-98.22M |
| Interest Expense | $13.39M | $13.12M | $10.88M | $11.94M |
| Interest Income | $2.47M | $3.44M | $6.46M | $9.64M |
| Other Income/Expense | $925.00K | $1.62M | $946.00K | $1.78M |
| Income Before Tax | $-40.97M | $-43.62M | $-134.79M | $-125.09M |
| Income Tax Expense | - | $90.00K | $1.42M | $487.00K |
| Net Income | $-40.97M | $-43.97M | $-136.21M | $-127.12M |
| Basic EPS | -0.30 | -0.42 | -1.14 | -1.35 |
| Diluted EPS | -0.30 | -0.42 | -1.14 | -1.35 |
| Basic Shares Outstanding | $136.45M | $104.82M | $119.24M | $94.39M |
| Diluted Shares Outstanding | $136.45M | $104.82M | $119.24M | $94.39M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $234.74M | $250.87M |
| Inventory | $18.04M | $18.39M |
| Other Current Assets | $5.52M | $9.45M |
| Total Current Assets | $287.15M | $307.39M |
| Property Plant & Equipment | - | $5.08M |
| Other Non-current Assets | $1.22M | $1.16M |
| Total Assets | $289.76M | $321.98M |
| Accounts Payable | $8.12M | $18.03M |
| Accrued Liabilities | $53.92M | $62.44M |
| Total Current Liabilities | $62.04M | $80.47M |
| Other Non-current Liabilities | $9.39M | $2.43M |
| Total Liabilities | $527.94M | $524.62M |
| Common Stock | $9.76M | $8.43M |
| Retained Earnings | $-1.63B | $-1.49B |
| Treasury Stock | $205.00K | $220.00K |
| Total Stockholders Equity | $-238.18M | $-202.64M |
| Total Liabilities & Equity | $289.76M | $321.98M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-40.97M | $-43.97M | $-136.21M | $-127.12M |
| Stock-based Compensation | - | - | $6.23M | $4.95M |
| Change in Receivables | - | - | $2.60M | $-1.06M |
| Change in Inventory | - | - | $1.53M | $930.00K |
| Operating Cash Flow | - | - | $-110.05M | $-101.98M |
| Capital Expenditure | - | - | $264.00K | $777.00K |
| Investing Cash Flow | - | - | $-264.00K | $-777.00K |
| Stock Issued | - | - | $42.76M | $60.51M |
| Financing Cash Flow | - | - | $93.86M | $98.17M |
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.