-
Revenue
$-50.18M
Net Income
-
Gross Margin
-
Op. Margin
$-82.14M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Operating Expenses | $50.03M | $50.03M | $66.56M | $80.67M | $80.08M | $38.22M |
| Research & Development | $33.60M | $33.60M | $40.16M | $47.58M | $43.90M | $22.06M |
| Operating Income | $-50.03M | $-50.03M | $-66.56M | $-80.67M | $-80.08M | $-38.22M |
| Interest Expense | - | $3.00K | - | $25.00K | $200.00K | $89.00K |
| Interest Income | - | - | - | - | $1.44M | $20.00K |
| Other Income/Expense | - | $-155.00K | $3.33M | - | - | - |
| Income Before Tax | $-50.18M | $-50.18M | $-63.22M | $-71.07M | $5.16M | $-35.21M |
| Net Income | $-50.18M | $-50.18M | $-63.22M | $-71.07M | $5.16M | $-35.21M |
| Basic EPS | nan | nan | nan | -0.49 | 0.04 | -0.36 |
| Diluted EPS | nan | nan | nan | -0.49 | 0.04 | -0.36 |
| Basic Shares Outstanding | - | 6.1M | 5.9M | - | - | - |
| Diluted Shares Outstanding | - | 6.1M | 5.9M | - | - | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.57M | $9.74M | $52.82M | $116.21M | $173.51M |
| Short-term Investments | $7.22M | $39.36M | $45.35M | - | - |
| Other Current Assets | $1.79M | $2.60M | $2.78M | $4.20M | $4.87M |
| Total Current Assets | $11.58M | $51.70M | $100.95M | $120.40M | $178.37M |
| Property Plant & Equipment | $1.27M | $4.48M | $6.40M | $6.59M | $2.25M |
| Other Non-current Assets | $29.00K | $49.00K | $114.00K | $92.00K | - |
| Total Assets | $19.58M | $67.72M | $119.86M | $140.29M | $181.68M |
| Accounts Payable | $894.00K | $1.17M | $1.26M | $1.73M | $1.50M |
| Accrued Liabilities | $1.06M | $5.28M | $4.97M | $5.81M | $4.10M |
| Total Current Liabilities | $3.90M | $7.67M | $7.28M | $8.39M | $6.25M |
| Long-term Debt | - | - | - | - | $675.00K |
| Total Liabilities | $9.74M | $21.02M | $21.89M | $29.25M | $98.59M |
| Common Stock | - | - | - | $11.00K | $12.00K |
| Retained Earnings | $-246.12M | $-195.94M | $-132.71M | $-61.64M | $-66.80M |
| Total Stockholders Equity | $9.84M | $46.70M | $97.97M | $111.05M | $83.09M |
| Total Liabilities & Equity | $19.58M | $67.72M | $119.86M | $140.29M | $181.68M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-65.58M | $-50.18M | $-63.22M | $-71.07M | $5.16M | $-35.21M |
| Stock-based Compensation | $15.90M | $8.13M | $11.90M | $13.27M | $12.26M | $3.69M |
| Change in Payables | $-954.00K | $-272.00K | $-96.00K | $-473.00K | $135.00K | $1.13M |
| Operating Cash Flow | $-82.14M | $-45.08M | $-49.96M | $-62.30M | $-61.21M | $-33.30M |
| Capital Expenditure | - | $132.00K | $180.00K | $1.67M | $5.35M | $1.29M |
| Purchases of Investments | - | - | - | $75.70M | - | - |
| Investing Cash Flow | $56.19M | $32.15M | $6.86M | $-45.78M | $-5.35M | $-1.29M |
| Stock Issued | - | - | - | $47.05M | $10.00M | - |
| Financing Cash Flow | $5.82M | $5.76M | $8.00K | $44.70M | $9.14M | $192.16M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.