-
Revenue
$-50.18M
Net Income
-
Gross Margin
-
Op. Margin
$-82.14M
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) |
|---|---|---|---|---|---|---|---|
| Operating Expenses | $9.26M | $11.50M | $13.52M | $15.75M | $14.98M | $17.75M | $17.71M |
| Research & Development | $7.14M | $7.99M | $9.05M | $9.41M | $8.46M | $10.80M | $10.92M |
| Operating Income | $-9.26M | $-11.50M | $-13.52M | $-15.75M | $-14.98M | $-17.75M | $-17.71M |
| Interest Income | - | - | - | - | - | $802.00K | - |
| Income Before Tax | $-10.52M | $-11.06M | $-13.21M | $-15.39M | $-13.93M | $-17.09M | $-15.21M |
| Net Income | $-10.52M | $-11.06M | $-13.21M | $-15.39M | $-13.93M | $-17.09M | $-15.21M |
| Basic EPS | nan | nan | nan | nan | nan | nan | -2.59 |
| Diluted EPS | nan | nan | nan | nan | nan | nan | -2.59 |
| 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 | $2.57M | $3.16M | $3.91M | $2.60M | $9.74M | $7.07M | $20.25M |
| Short-term Investments | $7.22M | $10.25M | $20.05M | $34.76M | $39.36M | $53.80M | $52.98M |
| Other Current Assets | $1.79M | $1.66M | $2.10M | $2.29M | $2.60M | $3.11M | $2.70M |
| Total Current Assets | $11.58M | $15.07M | $26.07M | $39.65M | $51.70M | $63.98M | $75.93M |
| Property Plant & Equipment | $1.27M | $3.48M | $3.79M | $4.11M | $4.48M | $4.82M | $5.33M |
| Other Non-current Assets | $29.00K | $39.00K | $21.00K | $31.00K | $49.00K | $89.00K | $132.00K |
| Total Assets | $19.58M | $29.35M | $40.89M | $55.05M | $67.72M | $80.62M | $93.35M |
| Accounts Payable | $894.00K | $915.00K | $721.00K | $1.02M | $1.17M | $2.42M | $1.35M |
| Accrued Liabilities | $1.06M | $905.00K | $3.07M | $5.57M | $5.28M | $5.01M | $4.70M |
| Total Current Liabilities | $3.90M | $3.18M | $5.10M | $7.86M | $7.67M | $8.60M | $7.18M |
| Total Liabilities | $9.74M | $15.26M | $17.83M | $20.98M | $21.02M | $22.73M | $21.49M |
| Retained Earnings | $-246.12M | $-235.60M | $-224.54M | $-211.33M | $-195.94M | $-182.01M | $-164.92M |
| Total Stockholders Equity | $9.84M | $14.09M | $23.06M | $34.08M | $46.70M | $57.88M | $71.86M |
| Total Liabilities & Equity | $19.58M | $29.35M | $40.89M | $55.05M | $67.72M | $80.62M | $93.35M |
| 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 | $-10.52M | $-11.06M | $-28.61M | $-15.39M | $-13.93M | $-17.09M | $-15.21M |
| Stock-based Compensation | $1.10M | $7.03M | $4.98M | $2.79M | $2.81M | $9.09M | $6.16M |
| Change in Payables | $-10.00K | $-262.00K | $-537.00K | $-145.00K | $-233.00K | $137.00K | $97.00K |
| Operating Cash Flow | $-9.31M | $-35.76M | $-25.30M | $-11.77M | $-11.79M | $-38.17M | $-25.48M |
| Capital Expenditure | - | - | $5.00K | $5.00K | - | - | $16.00K |
| Purchases of Investments | - | - | - | - | - | $52.78M | $38.89M |
| Investing Cash Flow | $3.02M | $29.12M | $19.43M | $4.61M | $14.45M | $-7.59M | $-7.09M |
| Financing Cash Flow | $5.69M | $67.00K | $41.00K | $17.00K | $6.00K | $2.00K | $2.00K |
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 | $11.50M | $17.75M | $40.77M | $51.58M |
| Research & Development | $7.99M | $10.80M | $26.46M | $31.69M |
| Operating Income | $-11.50M | $-17.75M | $-40.77M | $-51.58M |
| Income Before Tax | $-11.06M | $-17.09M | $-39.67M | $-49.30M |
| Income Tax Expense | - | - | - | - |
| Net Income | $-11.06M | $-17.09M | $-39.67M | $-49.30M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $3.16M | $9.74M |
| Short-term Investments | $10.25M | $39.36M |
| Other Current Assets | $1.66M | $2.60M |
| Total Current Assets | $15.07M | $51.70M |
| Property Plant & Equipment | $3.48M | $4.48M |
| Other Non-current Assets | $39.00K | $49.00K |
| Total Assets | $29.35M | $67.72M |
| Accounts Payable | $915.00K | $1.17M |
| Accrued Liabilities | $905.00K | $5.28M |
| Total Current Liabilities | $3.18M | $7.67M |
| Total Liabilities | $15.26M | $21.02M |
| Retained Earnings | $-235.60M | $-195.94M |
| Total Stockholders Equity | $14.09M | $46.70M |
| Total Liabilities & Equity | $29.35M | $67.72M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-11.06M | $-17.09M | $-39.67M | $-49.30M |
| Stock-based Compensation | - | - | $7.03M | $9.09M |
| Change in Payables | - | - | $-262.00K | $137.00K |
| Operating Cash Flow | - | - | $-35.76M | $-38.17M |
| Investing Cash Flow | - | - | $29.12M | $-7.59M |
| Financing Cash Flow | - | - | $67.00K | $2.00K |
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.