-
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) |
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) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2021) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $9.26M | $11.50M | $13.52M | $15.75M | $14.98M | $17.75M | $17.71M | $16.11M | $15.54M | $21.35M | $21.46M | $22.32M | $20.61M | $22.16M | $19.13M | $18.18M | - | - | - | $181.96K | - |
| Research & Development | $7.14M | $7.99M | $9.05M | $9.41M | $8.46M | $10.80M | $10.92M | $9.97M | $8.47M | $13.04M | $12.71M | $13.36M | $11.88M | $12.12M | $10.05M | $9.85M | - | - | - | - | - |
| Selling General & Admin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $26.70K |
| Operating Income | $-9.26M | $-11.50M | $-13.52M | $-15.75M | $-14.98M | $-17.75M | $-17.71M | $-16.11M | $-15.54M | $-21.35M | $-21.46M | $-22.32M | $-20.61M | $-22.16M | $-19.13M | $-18.18M | $-1.47M | $-1.53M | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | $22.00K | $1.00K | $1.00K | $1.00K | $111.00K | $31.00K | $29.00K | $29.00K | - | - | - | - | - |
| Interest Income | - | - | - | - | - | $802.00K | - | - | - | - | $1.04M | $1.47M | $832.00K | $494.00K | $101.00K | $8.00K | - | - | - | - | - |
| Income Before Tax | $-10.52M | $-11.06M | $-13.21M | $-15.39M | $-13.93M | $-17.09M | $-15.21M | $-17.00M | $-13.11M | $-15.70M | $-15.33M | $-26.92M | $-11.18M | $-24.74M | $-1.45M | $42.53M | - | - | - | - | - |
| Net Income | $-10.52M | $-11.06M | $-13.21M | $-15.39M | $-13.93M | $-17.09M | $-15.21M | $-17.00M | $-13.11M | $-15.70M | $-15.33M | $-26.92M | $-11.18M | $-24.74M | $-1.45M | $42.53M | $-21.03M | $-3.18M | - | $-90.92K | $-26.70K |
| Basic EPS | nan | nan | nan | nan | nan | nan | -2.59 | -0.10 | -0.06 | -0.10 | -0.12 | -0.21 | -0.10 | -0.20 | -0.01 | 0.35 | nan | nan | - | nan | nan |
| Diluted EPS | nan | nan | nan | nan | nan | nan | -2.59 | -0.10 | -0.06 | -0.10 | -0.12 | -0.21 | -0.08 | -0.20 | -0.01 | 0.33 | nan | nan | - | nan | nan |
| 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) |
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) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2021) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.57M | $3.16M | $3.91M | $2.60M | $9.74M | $7.07M | $20.25M | $38.22M | $52.82M | $59.11M | $32.81M | $54.08M | $116.21M | $126.80M | $141.31M | - | $236.12K | $1.03M | $173.51M | $1.18M | - |
| Short-term Investments | $7.22M | $10.25M | $20.05M | $34.76M | $39.36M | $53.80M | $52.98M | $45.90M | $45.35M | $51.08M | $49.98M | $43.49M | - | - | - | - | - | - | - | - | - |
| Other Current Assets | $1.79M | $1.66M | $2.10M | $2.29M | $2.60M | $3.11M | $2.70M | $2.98M | $2.78M | $3.22M | - | - | $4.20M | - | - | - | - | - | $4.87M | - | - |
| Total Current Assets | $11.58M | $15.07M | $26.07M | $39.65M | $51.70M | $63.98M | $75.93M | $87.11M | $100.95M | $113.41M | $85.28M | $101.41M | $120.40M | $131.33M | $143.63M | $160.86M | $277.12K | $1.09M | $178.37M | $1.38M | - |
| Property Plant & Equipment | $1.27M | $3.48M | $3.79M | $4.11M | $4.48M | $4.82M | $5.33M | $5.89M | $6.40M | $5.89M | $6.25M | $6.46M | $6.59M | $5.94M | $5.62M | $4.09M | - | - | $2.25M | - | - |
| Other Non-current Assets | $29.00K | $39.00K | $21.00K | $31.00K | $49.00K | $89.00K | $132.00K | $105.00K | $114.00K | $146.00K | $180.00K | $205.00K | $92.00K | - | - | - | - | - | - | - | - |
| Total Assets | $19.58M | $29.35M | $40.89M | $55.05M | $67.72M | $80.62M | $93.35M | $105.29M | $119.86M | $132.05M | $104.53M | $121.09M | $140.29M | $150.68M | $164.05M | $179.97M | $345.54M | $346.35M | $181.68M | $346.47M | $386.84K |
| Accounts Payable | $894.00K | $915.00K | $721.00K | $1.02M | $1.17M | $2.42M | $1.35M | $1.27M | $1.26M | $1.53M | $1.58M | $1.91M | $1.73M | $4.93M | $1.33M | $2.12M | $77.66K | $57.20K | $1.50M | $35.30K | $500.00 |
| Accrued Liabilities | $1.06M | $905.00K | $3.07M | $5.57M | $5.28M | $5.01M | $4.70M | $2.72M | $4.97M | $5.27M | $4.94M | $3.83M | $5.81M | $5.37M | $4.26M | $3.04M | $2.09M | $1.46M | $4.10M | $97.37K | $264.09K |
| Total Current Liabilities | $3.90M | $3.18M | $5.10M | $7.86M | $7.67M | $8.60M | $7.18M | $5.08M | $7.28M | $7.80M | $7.49M | $6.67M | $8.39M | $11.68M | $6.89M | $6.39M | $2.17M | $1.51M | $6.25M | $132.67K | $388.54K |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | $250.00K | $392.00K | $534.00K | - | - | $675.00K | - | - |
| Total Liabilities | $9.74M | $15.26M | $17.83M | $20.98M | $21.02M | $22.73M | $21.49M | $21.28M | $21.89M | $24.18M | $28.84M | $33.36M | $29.25M | $41.72M | $34.27M | $51.74M | $64.95M | $44.73M | $98.59M | $12.21M | - |
| Common Stock | - | - | - | - | - | - | - | - | - | - | $11.00K | $11.00K | $11.00K | $10.00K | $10.00K | $10.00K | $694.00 | - | $12.00K | - | - |
| Retained Earnings | $-246.12M | $-235.60M | $-224.54M | $-211.33M | $-195.94M | $-182.01M | $-164.92M | $-149.71M | $-132.71M | $-119.60M | $-103.90M | $-88.56M | $-61.64M | $-50.46M | $-25.72M | $-24.27M | $-33.68M | $-12.65M | $-66.80M | $-117.62K | $-26.70K |
| Total Stockholders Equity | $9.84M | $14.09M | $23.06M | $34.08M | $46.70M | $57.88M | $71.86M | $84.01M | $97.97M | $107.87M | $75.69M | $87.73M | $111.05M | $108.95M | $129.78M | $128.23M | $5.00M | $5.00M | $83.09M | $5.00M | $-1.70K |
| Total Liabilities & Equity | $19.58M | $29.35M | $40.89M | $55.05M | $67.72M | $80.62M | $93.35M | $105.29M | $119.86M | $132.05M | $104.53M | $121.09M | $140.29M | $150.68M | $164.05M | $179.97M | $345.54M | $346.35M | $181.68M | $346.47M | $386.84K |
| 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) |
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) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2021) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-10.52M | $-11.06M | $-28.61M | $-15.39M | $-13.93M | $-17.09M | $-15.21M | $-17.00M | $-13.11M | $-15.70M | $-42.26M | $-26.92M | $-11.18M | $-24.74M | $-1.45M | $42.53M | $-24.21M | $-3.18M | - | $-117.62K | $-26.70K |
| Stock-based Compensation | $1.10M | $7.03M | $4.98M | $2.79M | $2.81M | $9.09M | $6.16M | $3.09M | $3.08M | $10.19M | $6.58M | $3.25M | $3.55M | $8.71M | $5.06M | $2.28M | - | - | - | - | - |
| Change in Payables | $-10.00K | $-262.00K | $-537.00K | $-145.00K | $-233.00K | $137.00K | $97.00K | $14.00K | $-272.00K | $-201.00K | $-181.00K | $170.00K | $-3.26M | $3.39M | $-333.00K | - | $63.97K | $43.52K | - | $35.30K | $500.00 |
| Operating Cash Flow | $-9.31M | $-35.76M | $-25.30M | $-11.77M | $-11.79M | $-38.17M | $-25.48M | $-14.46M | $-11.37M | $-50.94M | $-33.65M | $-18.57M | $-18.41M | $-42.80M | $-28.97M | $-14.77M | $-861.20K | $-69.35K | - | $-347.77K | - |
| Capital Expenditure | - | - | $5.00K | $5.00K | - | - | $16.00K | $10.00K | $1.04M | $632.00K | $514.00K | $306.00K | $992.00K | - | - | $2.02M | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | $52.78M | $38.89M | $19.49M | $12.97M | $62.73M | $62.20M | $43.52M | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $3.02M | $29.12M | $19.43M | $4.61M | $14.45M | $-7.59M | $-7.09M | $-144.00K | $5.04M | $-50.83M | $-50.18M | $-43.83M | $-992.00K | $-4.36M | $-3.58M | $-2.02M | - | - | - | $-345.00M | - |
| Stock Issued | - | - | - | - | - | - | - | - | - | $47.05M | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $5.69M | $67.00K | $41.00K | $17.00K | $6.00K | $2.00K | $2.00K | $2.00K | $34.00K | $44.67M | $435.00K | $273.00K | $8.81M | $333.00K | $233.00K | $174.00K | - | - | - | $346.52M | - |
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.