-
Revenue
$-90.55M
Net Income
-
Gross Margin
-
Op. Margin
$-121.75M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $7.12M | $3.53M | $5.79M | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % (YoY) | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $3.48M | $927.00K | $1.24M | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $3.64M | $2.60M | $4.56M | - | - | - | - | - | - | - | - | - | - |
| Gross Margin % | 51.1% | 73.7% | 78.7% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $22.29M | $25.61M | $27.83M | $30.42M | $34.22M | $24.63M | $21.27M | $17.92M | $19.36M | $19.27M | $21.61M | $19.59M | $21.73M |
| Research & Development | $15.62M | $19.09M | $20.51M | $20.88M | $24.44M | $15.06M | $11.77M | $7.37M | $8.47M | $6.35M | $8.49M | $8.29M | $8.42M |
| Operating Income | $-18.65M | $-23.01M | $-23.27M | $-29.13M | $-34.22M | $-24.63M | $-21.27M | $-17.92M | $-19.36M | $-19.27M | $-21.61M | $-19.59M | $-21.73M |
| Operating Margin % | -262.0% | -652.3% | -401.7% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Other Income/Expense | $-740.00K | $100.00K | $296.00K | $-276.00K | $-497.00K | $-580.00K | $874.00K | $32.00K | $-22.00K | $-405.00K | $820.00K | $-882.00K | $420.00K |
| Income Before Tax | $-21.03M | $-21.98M | $-12.43M | $-34.79M | $-30.05M | $-19.80M | $-15.36M | $-12.28M | $-13.27M | $-12.62M | $-16.08M | $-7.70M | $-24.21M |
| Income Tax Expense | $-108.00K | $668.00K | $4.00K | $-243.00K | $138.00K | $96.00K | $197.00K | $-1.53M | $208.00K | $327.00K | $143.00K | $945.00K | $121.00K |
| Net Income | $-20.92M | $-22.65M | $-12.43M | $-34.55M | $-30.19M | $-19.90M | $-15.56M | $-10.75M | $-13.47M | $-12.95M | $-16.23M | $-8.65M | $-24.33M |
| Net Margin % | -293.9% | -642.2% | -214.6% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Basic EPS | -0.06 | -0.07 | -0.04 | -0.11 | -0.09 | -0.06 | -0.05 | -0.03 | -0.04 | -0.04 | -0.05 | -0.03 | -0.08 |
| Diluted EPS | -0.06 | -0.07 | -0.04 | -0.11 | -0.09 | -0.06 | -0.05 | -0.03 | -0.04 | -0.04 | -0.05 | -0.03 | -0.08 |
| Basic Shares Outstanding | 331.3M | 331.7M | 329.3M | 1.3M | 322.0M | 320.8M | 318.8M | 501K | 315.6M | 314.6M | 313.4M | 7.4M | 311.7M |
| Diluted Shares Outstanding | 331.3M | 331.7M | 329.3M | 1.3M | 322.0M | 320.8M | 318.8M | 501K | 315.6M | 314.6M | 313.4M | 7.4M | 311.7M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $35.27M | $11.76M | $56.05M | $128.80M | $66.74M | $54.82M | $129.61M | $85.67M | $49.94M | $51.47M | $47.98M | $106.62M | $394.66M |
| Accounts Receivable | $3.37M | $3.01M | $1.51M | $950.00K | - | - | - | - | - | - | - | - | - |
| Inventory | $3.66M | $114.00K | $155.00K | $212.00K | $320.00K | $519.00K | $425.00K | $558.00K | $596.00K | $303.00K | $502.00K | $383.00K | - |
| Other Current Assets | $9.32M | $10.96M | $14.66M | $13.20M | $14.89M | $14.28M | $6.71M | $11.71M | $6.88M | $6.79M | $6.36M | $3.79M | $5.59M |
| Total Current Assets | $230.36M | $242.96M | $256.09M | $276.90M | $291.50M | $310.14M | $327.11M | $348.63M | $352.12M | $369.71M | $362.79M | $396.64M | $402.24M |
| Property Plant & Equipment | $30.95M | $34.09M | $35.94M | $38.16M | $42.16M | $41.24M | $40.12M | $37.96M | $34.99M | $32.05M | $27.91M | $27.76M | $24.24M |
| Goodwill | $12.62M | - | - | - | - | - | - | - | - | - | - | - | - |
| Intangible Assets | $2.87M | $1.15M | $1.19M | $1.22M | $1.25M | $1.28M | $1.31M | $1.34M | $1.38M | $1.41M | $1.44M | $1.47M | $1.50M |
| Other Non-current Assets | $2.34M | $2.18M | $2.20M | $2.24M | $3.28M | $3.54M | $4.58M | $4.72M | $3.42M | $2.89M | $4.60M | $3.21M | $2.78M |
| Total Assets | $288.77M | $290.46M | $305.98M | $329.79M | $349.91M | $368.37M | $385.88M | $406.81M | $403.25M | $417.98M | $427.87M | $440.44M | $442.25M |
| Accounts Payable | $4.78M | $1.98M | $1.81M | $1.90M | $2.23M | $2.36M | $2.76M | $4.83M | $5.82M | $5.07M | $2.79M | $6.19M | $4.24M |
| Total Current Liabilities | $28.01M | $19.50M | $16.41M | $22.82M | $19.13M | $13.96M | $13.94M | $20.36M | $15.80M | $16.61M | $16.26M | $19.36M | $16.93M |
| Other Non-current Liabilities | $2.83M | $2.61M | $2.57M | $2.60M | $2.61M | $2.59M | $2.66M | $2.75M | $2.44M | $2.54M | $2.56M | $1.76M | $1.55M |
| Total Liabilities | $60.57M | $41.23M | $36.13M | $51.48M | $40.62M | $36.80M | $38.49M | $47.86M | $39.53M | $43.43M | $45.55M | $48.90M | $48.53M |
| Common Stock | $36.00K | $37.00K | $36.00K | $36.00K | $35.00K | $35.00K | $35.00K | $35.00K | $35.00K | $35.00K | $35.00K | $35.00K | $34.00K |
| Retained Earnings | $-354.87M | $-333.95M | $-311.30M | $-298.87M | $-264.33M | $-234.14M | $-214.24M | $-198.69M | $-187.93M | $-174.46M | $-161.51M | $-145.29M | $-136.64M |
| Total Stockholders Equity | $228.20M | $249.23M | $269.86M | $278.31M | $309.28M | $331.57M | $347.39M | $358.95M | $363.72M | $374.56M | $382.33M | $391.54M | $393.71M |
| Total Liabilities & Equity | $288.77M | $290.46M | $305.98M | $329.79M | $349.91M | $368.37M | $385.88M | $406.81M | $403.25M | $417.98M | $427.87M | $440.44M | $442.25M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-20.92M | $-22.65M | $-12.43M | $-34.55M | $-30.19M | $-19.90M | $-15.56M | $-10.75M | $-13.47M | $-12.95M | $-16.23M | $-8.65M | $-24.33M |
| Depreciation & Amortization | $7.67M | $5.04M | $2.52M | $2.42M | $5.89M | $3.67M | $1.72M | $1.61M | $3.93M | $2.32M | $1.06M | $1.02M | $1.58M |
| Stock-based Compensation | $8.86M | $6.69M | $3.97M | $3.84M | $16.10M | $9.59M | $4.78M | $4.44M | $16.20M | $13.79M | $6.46M | $6.83M | $15.95M |
| Change in Receivables | $1.28M | $2.06M | $558.00K | - | - | - | - | - | - | - | - | - | - |
| Change in Inventory | $-368.00K | $-103.00K | $-58.00K | $-93.00K | $-237.00K | $-22.00K | $-121.00K | $-59.00K | $243.00K | $-63.00K | $120.00K | - | - |
| Change in Payables | $178.00K | $-25.00K | $-108.00K | $282.00K | $-354.00K | $-274.00K | $-249.00K | $-687.00K | $625.00K | $2.33M | $-15.00K | $-3.21M | $-761.00K |
| Operating Cash Flow | $-47.95M | $-33.65M | $-22.83M | $-12.29M | $-53.79M | $-31.07M | $-8.98M | $-12.52M | $-43.89M | $-30.86M | $-15.39M | $-8.69M | $-37.81M |
| Capital Expenditure | $2.15M | $1.72M | $916.00K | $233.00K | $11.97M | $10.45M | $6.76M | $3.48M | $12.28M | $7.79M | $5.97M | $4.01M | $10.64M |
| Purchases of Investments | - | - | - | - | - | - | - | - | $180.05M | $136.01M | $97.12M | - | - |
| Sales of Investments | - | - | - | - | - | - | - | - | $180.00M | $120.00M | $60.00M | - | - |
| Investing Cash Flow | $-43.70M | $-83.19M | $-49.84M | $74.04M | $34.15M | $547.00K | $53.24M | $45.05M | $-12.33M | $-23.80M | $-43.09M | $-285.36M | $-10.64M |
| Stock Repurchased | $1.60M | - | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-2.01M | $-345.00K | $8.00K | $632.00K | $378.00K | $128.00K | $18.00K | $3.12M | $157.00K | $77.00K | $13.00K | $6.73M | $283.20M |
| Net Change in Cash | $-93.49M | $-116.99M | $-72.75M | $61.98M | $-19.55M | $-30.90M | $43.91M | $35.76M | $-56.73M | $-55.18M | $-58.67M | $-287.22M | $234.11M |
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 | $7.12M | - | $16.44M | - |
| Cost of Revenue | $3.48M | - | $5.64M | - |
| Gross Profit | $3.64M | - | $10.79M | - |
| Operating Expenses | $22.29M | - | $75.72M | - |
| Research & Development | $15.62M | - | $55.22M | - |
| Operating Income | $-18.65M | - | $-64.93M | - |
| Other Income/Expense | $-740.00K | - | $-344.00K | - |
| Income Before Tax | $-21.03M | - | $-55.44M | - |
| Income Tax Expense | $-108.00K | - | $564.00K | - |
| Net Income | $-20.92M | $-19.90M | $-56.00M | - |
| Basic EPS | -0.06 | - | -0.17 | - |
| Diluted EPS | -0.06 | - | -0.17 | - |
| Basic Shares Outstanding | $331.34M | - | $330.81M | - |
| Diluted Shares Outstanding | $331.34M | - | $330.81M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $35.27M | $128.80M |
| Accounts Receivable | $3.37M | $950.00K |
| Inventory | $3.66M | $212.00K |
| Other Current Assets | $9.32M | $13.20M |
| Total Current Assets | $230.36M | $276.90M |
| Property Plant & Equipment | $30.95M | $38.16M |
| Goodwill | $12.62M | - |
| Intangible Assets | $2.87M | $1.22M |
| Other Non-current Assets | $2.34M | $2.24M |
| Total Assets | $288.77M | $329.79M |
| Accounts Payable | $4.78M | $1.90M |
| Total Current Liabilities | $28.01M | $22.82M |
| Other Non-current Liabilities | $2.83M | $2.60M |
| Total Liabilities | $60.57M | $51.48M |
| Common Stock | $36.00K | $36.00K |
| Retained Earnings | $-354.87M | $-298.87M |
| Total Stockholders Equity | $228.20M | $278.31M |
| Total Liabilities & Equity | $288.77M | $329.79M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-20.92M | $-19.90M | $-56.00M | - |
| Depreciation & Amortization | - | - | $7.67M | - |
| Stock-based Compensation | - | - | $8.86M | - |
| Change in Receivables | - | - | $1.28M | - |
| Change in Inventory | - | - | $-368.00K | - |
| Change in Payables | - | - | $178.00K | - |
| Operating Cash Flow | - | - | $-47.95M | - |
| Capital Expenditure | - | - | $2.15M | - |
| Investing Cash Flow | - | - | $-43.70M | - |
| Stock Repurchased | - | - | $1.60M | - |
| Financing Cash Flow | - | - | $-2.01M | - |
| Net Change in Cash | - | - | $-93.49M | - |
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.