$31.80M
Revenue
$-58.49M
Net Income
-
Gross Margin
-137.64%
Op. Margin
$25.45M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $19.07M | $8.08M | $2.93M | $1.72M | $2.26M | $2.36M |
| Revenue Growth % (YoY) | 742.5% | 243.0% | nan% | nan% | nan% | nan% |
| Operating Expenses | $21.00M | $22.45M | $16.78M | $15.35M | $17.02M | $17.06M |
| Research & Development | $14.32M | $15.33M | $8.27M | $8.84M | $10.76M | $11.22M |
| Operating Income | $-1.93M | $-14.37M | $-13.85M | $-13.63M | $-14.76M | $-14.70M |
| Operating Margin % | -10.1% | -177.7% | -472.7% | -790.5% | -652.3% | -623.8% |
| Interest Expense | - | - | - | - | $62.00K | $62.00K |
| Other Income/Expense | $1.02M | $-1.43M | $586.00K | $536.00K | $742.00K | $779.00K |
| Net Income | $-16.29M | $-15.84M | $-13.27M | $-13.09M | $-14.02M | $-13.93M |
| Net Margin % | -85.4% | -196.0% | -452.7% | -759.5% | -619.5% | -590.8% |
| Basic EPS | -0.11 | -0.16 | -0.18 | -0.18 | -0.22 | -0.24 |
| Diluted EPS | -0.11 | -0.16 | -0.18 | -0.18 | -0.22 | -0.24 |
| Basic Shares Outstanding | 144.1M | 96.4M | 74.7M | 3.7M | 63.5M | 57.8M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $103.76M | $121.55M | $89.07M | $55.29M | $61.26M | $74.95M |
| Other Current Assets | $2.83M | $2.17M | $4.13M | $4.94M | $2.05M | $3.06M |
| Total Current Assets | $124.09M | $123.72M | $93.20M | $60.23M | $63.31M | $78.01M |
| Property Plant & Equipment | $3.68M | $4.02M | $4.29M | $4.47M | $4.84M | $5.14M |
| Other Non-current Assets | - | - | - | - | - | $92.00K |
| Total Assets | $133.69M | $133.81M | $103.72M | $71.08M | $74.66M | $89.87M |
| Accounts Payable | $2.30M | $4.10M | $2.27M | $2.57M | $972.00K | $1.26M |
| Accrued Liabilities | $8.95M | $5.62M | $3.88M | $9.98M | $9.79M | $9.74M |
| Deferred Revenue | $43.85M | $42.28M | $40.25M | $13.52M | $26.11M | $26.52M |
| Other Current Liabilities | - | - | - | - | - | $7.00K |
| Total Current Liabilities | $56.40M | $53.26M | $47.64M | $27.26M | $38.02M | $38.64M |
| Total Liabilities | $141.79M | $126.74M | $93.02M | $53.48M | $53.68M | $56.46M |
| Common Stock | $5.00K | $5.00K | $5.00K | $5.00K | $4.00K | $4.00K |
| Retained Earnings | $-429.15M | $-412.86M | $-397.02M | $-383.75M | $-370.66M | $-356.64M |
| Total Stockholders Equity | $-8.10M | $7.07M | $10.70M | $17.60M | $20.97M | $33.42M |
| Total Liabilities & Equity | $133.69M | $133.81M | $103.72M | $71.08M | $74.66M | $89.87M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-16.29M | $-15.84M | $-13.27M | $-13.09M | $-14.02M | $-13.93M |
| Depreciation & Amortization | $1.22M | $878.00K | $497.00K | $376.00K | $1.27M | $888.00K |
| Stock-based Compensation | $4.01M | $2.89M | $1.53M | $1.52M | $4.92M | $3.34M |
| Change in Receivables | $17.50M | - | - | - | - | - |
| Change in Payables | $-276.00K | $1.52M | $-590.00K | $1.60M | $-76.00K | $205.00K |
| Operating Cash Flow | $-2.99M | $14.50M | $28.98M | $-14.16M | $-4.22M | $9.45M |
| Capital Expenditure | $423.00K | $423.00K | $22.00K | $6.00K | $30.00K | $21.00K |
| Investing Cash Flow | $-423.00K | $-423.00K | $-22.00K | $-6.00K | $-30.00K | $-21.00K |
| Debt Repayment | - | - | - | - | $3.33M | $3.33M |
| Financing Cash Flow | $51.91M | $52.19M | $4.83M | $8.20M | $20.99M | $21.00M |
| Net Change in Cash | $48.49M | $66.27M | $33.79M | $-5.96M | $16.74M | $30.43M |
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 | $19.07M | $2.26M | $30.08M | $4.62M |
| Operating Expenses | $21.00M | $17.02M | $60.23M | $51.57M |
| Research & Development | $14.32M | $10.76M | $37.92M | $32.38M |
| Operating Income | $-1.93M | $-14.76M | $-30.15M | $-46.95M |
| Interest Expense | - | - | - | $62.00K |
| Other Income/Expense | $1.02M | $742.00K | $180.00K | $1.80M |
| Net Income | $-16.29M | $-14.02M | $-45.40M | $-45.15M |
| Basic EPS | -0.11 | -0.22 | -0.43 | -0.91 |
| Diluted EPS | -0.11 | -0.22 | -0.43 | -0.91 |
| Basic Shares Outstanding | $144.11M | $63.47M | $105.34M | $49.76M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $103.76M | $55.29M |
| Other Current Assets | $2.83M | $4.94M |
| Total Current Assets | $124.09M | $60.23M |
| Property Plant & Equipment | $3.68M | $4.47M |
| Total Assets | $133.69M | $71.08M |
| Accounts Payable | $2.30M | $2.57M |
| Accrued Liabilities | $8.95M | $9.98M |
| Deferred Revenue | $43.85M | $13.52M |
| Total Current Liabilities | $56.40M | $27.26M |
| Total Liabilities | $141.79M | $53.48M |
| Common Stock | $5.00K | $5.00K |
| Retained Earnings | $-429.15M | $-383.75M |
| Total Stockholders Equity | $-8.10M | $17.60M |
| Total Liabilities & Equity | $133.69M | $71.08M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-16.29M | $-14.02M | $-45.40M | $-45.15M |
| Depreciation & Amortization | - | - | $1.22M | $1.27M |
| Stock-based Compensation | - | - | $4.01M | $4.92M |
| Change in Receivables | - | - | $17.50M | - |
| Change in Payables | - | - | $-276.00K | $-76.00K |
| Operating Cash Flow | - | - | $-2.99M | $-4.22M |
| Capital Expenditure | - | - | $423.00K | $30.00K |
| Investing Cash Flow | - | - | $-423.00K | $-30.00K |
| Debt Repayment | - | - | - | $3.33M |
| Financing Cash Flow | - | - | $51.91M | $20.99M |
| Net Change in Cash | - | - | $48.49M | $16.74M |
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.