$6.44M
Revenue
$183.45M
Net Income
91.35%
Gross Margin
-712.66%
Op. Margin
$13.26M
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 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $6.44M | $6.44M | $29.62M | $147.75M | $140.73M | $176.32M |
| Revenue Growth % | 0.0% | -78.3% | -80.0% | 5.0% | -20.2% | nan% |
| Cost of Revenue | $557.00K | $556.00K | $15.56M | $18.85M | $20.28M | $8.87M |
| Gross Profit | $5.88M | $5.88M | $14.06M | $128.90M | $120.45M | $167.45M |
| Gross Margin % | 91.4% | 91.4% | 47.5% | 87.2% | 85.6% | 95.0% |
| Operating Expenses | $52.34M | $52.34M | $180.04M | $429.57M | $441.76M | $368.20M |
| Research & Development | $23.52M | $23.52M | $95.69M | $282.86M | $296.79M | $252.92M |
| Selling General & Admin | $27.71M | $27.71M | $49.33M | $115.25M | $124.69M | $106.41M |
| Operating Income | $-45.90M | $-45.90M | $-150.42M | $-281.81M | $-301.02M | $-191.88M |
| Operating Margin % | -712.7% | -712.7% | -507.8% | -190.7% | -213.9% | -108.8% |
| Interest Expense | $8.76M | $8.76M | $8.25M | $15.53M | $1.44M | $2.40M |
| Other Income/Expense | $2.94M | $2.94M | $5.30M | $10.48M | $7.60M | $5.55M |
| Income Before Tax | $-58.30M | $-58.29M | $-153.37M | $-286.87M | $-294.87M | $-188.93M |
| Income Tax Expense | $-90.00K | $-90.00K | $-269.00K | $3.00K | $358.00K | $360.00K |
| Net Income | $183.45M | $183.45M | $-47.58M | $-284.23M | $-293.65M | $-189.29M |
| Net Margin % | 2848.6% | 2848.6% | -160.6% | -192.4% | -208.7% | -107.4% |
| Basic EPS | nan | 45.37 | -0.48 | -2.92 | -3.14 | -2.11 |
| Diluted EPS | nan | 45.37 | -0.48 | -2.92 | -3.14 | -2.11 |
| Basic Shares Outstanding | 1K | 4.0M | 100.0M | 97.3M | 93.6M | 89.9M |
| Diluted Shares Outstanding | 1K | 4.0M | 100.0M | 97.3M | 93.6M | 89.9M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $47.87M | $50.48M | $113.69M | $155.70M | $678.39M |
| Short-term Investments | $41.11M | - | $121.90M | $266.31M | $8.14M |
| Accounts Receivable | $216.00K | $481.00K | $12.55M | $16.30M | $41.88M |
| Inventory | $3.74M | $3.15M | $41.56M | $40.44M | $16.53M |
| Other Current Assets | $1.12M | $1.14M | $41.85M | $14.08M | $10.16M |
| Total Current Assets | $99.07M | $196.51M | $331.56M | $492.83M | $755.11M |
| Property Plant & Equipment | - | - | $13.13M | $20.61M | $33.65M |
| Long-term Investments | $20.16M | - | - | - | $244.00K |
| Other Non-current Assets | $361.00K | $1.41M | $3.80M | $5.28M | $3.43M |
| Total Assets | $119.59M | $214.53M | $423.53M | $610.09M | $826.84M |
| Accounts Payable | $3.75M | $5.06M | $17.96M | $30.76M | $24.79M |
| Accrued Liabilities | $20.18M | $62.03M | - | - | - |
| Deferred Revenue | $5.31M | $27.29M | $12.74M | $12.74M | $6.55M |
| Total Current Liabilities | $29.24M | $133.31M | $217.67M | $273.56M | $163.19M |
| Other Non-current Liabilities | $82.00K | $822.00K | $2.86M | $6.44M | $39.64M |
| Total Liabilities | $115.12M | $398.16M | $585.73M | $611.57M | $385.39M |
| Common Stock | $1.01M | $1.01M | $988.00K | $942.00K | $914.00K |
| Retained Earnings | $-1.71B | $-1.89B | $-1.84B | $-1.56B | $-974.01M |
| Total Stockholders Equity | $-30.04M | $-225.60M | $-204.17M | $-21.45M | $422.18M |
| Total Liabilities & Equity | $119.59M | $214.53M | $423.53M | $610.09M | $826.84M |
| 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 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $188.09M | $183.45M | $-47.58M | $-284.23M | $-293.65M | $-189.29M |
| Stock-based Compensation | $14.15M | $6.58M | $25.21M | $50.77M | $65.60M | $72.72M |
| Deferred Income Tax | - | - | - | - | - | - |
| Change in Receivables | $8.70M | $2.54M | $6.74M | $-3.43M | $-765.00K | $11.97M |
| Change in Inventory | $-12.43M | $-5.36M | $-22.28M | $1.70M | $11.00M | $9.18M |
| Change in Payables | $-74.11M | $-27.65M | $14.51M | $-15.51M | $5.91M | $17.73M |
| Operating Cash Flow | $13.35M | $-4.77M | $-138.00M | $-315.02M | $-145.93M | $81.60M |
| Capital Expenditure | $83.00K | $38.00K | $266.00K | $2.52M | $3.74M | $3.99M |
| Investing Cash Flow | $35.37M | $35.42M | $125.99M | $153.66M | $89.12M | $452.49M |
| Stock Issued | - | - | $139.00K | $3.73M | $4.18M | $37.83M |
| Financing Cash Flow | $-86.21M | $-86.03M | $-255.00K | $122.75M | $46.78M | $13.34M |
| Net Change in Cash | $-32.62M | $-54.31M | $-11.51M | $-42.01M | $-15.52M | $552.13M |
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 | $1.08M | $123.00K | $5.16M | $26.49M |
| Cost of Revenue | $-58.00K | $-75.00K | $278.00K | $21.41M |
| Operating Expenses | $6.49M | $47.81M | $37.55M | $169.77M |
| Research & Development | $1.21M | $19.97M | $16.25M | $88.82M |
| Selling General & Admin | $5.29M | $9.36M | $20.46M | $40.98M |
| Operating Income | $-5.41M | $-47.69M | $-32.38M | $-143.28M |
| Interest Expense | $2.08M | $2.07M | $6.35M | $6.03M |
| Other Income/Expense | $931.00K | $1.47M | $1.63M | $4.61M |
| Income Before Tax | $-13.15M | $-48.29M | $-43.68M | $-144.70M |
| Income Tax Expense | - | $3.00K | $-90.00K | $-271.00K |
| Net Income | $200.64M | $-17.08M | $197.67M | $-65.56M |
| Basic EPS | 49.61 | -4.25 | 48.90 | -16.43 |
| Diluted EPS | 49.61 | -4.25 | 48.90 | -16.43 |
| Basic Shares Outstanding | $4.04M | $4.02M | $4.04M | $3.99M |
| Diluted Shares Outstanding | $4.04M | $4.02M | $4.04M | $3.99M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $117.97M | $50.48M |
| Accounts Receivable | $121.00K | $481.00K |
| Inventory | $3.86M | $3.15M |
| Other Current Assets | $11.46M | $31.54M |
| Total Current Assets | $133.42M | $196.51M |
| Long-term Investments | $3.04M | - |
| Other Non-current Assets | $556.00K | $1.41M |
| Total Assets | $137.01M | $214.53M |
| Accounts Payable | $5.09M | $5.06M |
| Deferred Revenue | $5.10M | $27.29M |
| Total Current Liabilities | $35.97M | $133.31M |
| Other Non-current Liabilities | $98.00K | $822.00K |
| Total Liabilities | $119.53M | $398.16M |
| Common Stock | $1.01M | $1.01M |
| Retained Earnings | $-1.69B | $-1.89B |
| Total Stockholders Equity | $-17.03M | $-225.60M |
| Total Liabilities & Equity | $137.01M | $214.53M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $200.64M | $-17.08M | $197.67M | $-65.56M |
| Stock-based Compensation | - | - | $5.39M | $25.04M |
| Change in Receivables | - | - | $2.45M | $15.96M |
| Change in Inventory | - | - | $-5.24M | $-17.78M |
| Change in Payables | - | - | $-26.31M | $-8.71M |
| Operating Cash Flow | - | - | $13.55M | $-107.53M |
| Capital Expenditure | - | - | $38.00K | $125.00K |
| Investing Cash Flow | - | - | $87.13M | $124.27M |
| Stock Issued | - | - | - | $116.00K |
| Financing Cash Flow | - | - | $-86.01M | $-260.00K |
| Net Change in Cash | - | - | $15.80M | $17.32M |
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.