Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 6.2M | 2.8M | 12.6M | 51.9M | 57.7M |
| Cost of Revenue | (8.6M) | — | 52.0M | 56.0M | 51.7M |
| Gross Profit | 32.1M | 2.8M | 12.6M | 5.6M | 6.0M |
| Operating Expenses | |||||
| R&D Expense | 66.4M | 43.6M | 52.0M | 56.0M | 51.7M |
| SG&A Expense | 20.8M | 11.0M | 11.9M | 11.7M | 14.5M |
| General & Admin Expense | 13.5M | 11.0M | 11.6M | 11.4M | 13.9M |
| Selling & Marketing Expense | (164.0K) | — | 309.0K | 316.0K | 530.0K |
| Other Expenses | 48.0M | 1.6M | 283.0K | (49.5M) | (2.7M) |
| Total Operating Expenses | 135.2M | 56.2M | 64.2M | 18.3M | 63.4M |
| Cost and Expenses | 106.8M | 56.2M | 64.2M | 74.3M | 115.1M |
| Operating Income (EBIT) | (100.5M) | (53.4M) | (51.6M) | (12.7M) | (57.4M) |
| Non-Operating | |||||
| Interest Income | 8.1M | 1.3M | 2.4M | 3.2M | 546.0K |
| Interest Expense | 3.1M | 440.0K | 566.0K | 640.0K | 288.0K |
| Net Interest Income | 4.7M | 878.0K | 1.9M | 2.5M | 258.0K |
| Other Non-Op Income/Expense | 4.2M | 4.2M | 2.1M | 5.1M | (547.0K) |
| Non-Operating Income (excl Interest) | (2.7M) | (4.7M) | (2.7M) | (5.7M) | 259.0K |
| EBT (Pre-Tax Income) | (96.4M) | (49.2M) | (49.5M) | (7.6M) | (58.0M) |
| Income Tax Expense | (5.6M) | — | — | — | — |
| Bottom Line | |||||
| Net Income | (93.6M) | (49.2M) | (49.5M) | (7.6M) | (58.1M) |
| Earnings from Cont. Ops | (93.6M) | (49.2M) | (49.5M) | (7.6M) | (58.0M) |
| Earnings from Discont. Ops | — | — | — | — | (131.0K) |
| Bottom Line Net Income | (93.8M) | (49.2M) | (49.5M) | (7.6M) | (58.1M) |
| Per Share | |||||
| Basic EPS | ($1.06) | ($0.53) | ($0.61) | ($0.09) | ($0.73) |
| Diluted EPS | ($1.06) | ($0.53) | ($0.61) | ($0.09) | ($0.73) |
| Revenue Per Share | $0.07 | $0.03 | $0.16 | $0.62 | $0.72 |
| Shares | |||||
| Basic Shares Outstanding | 93.8M | 89.4M | 81.1M | 84.1M | 79.6M |
| Diluted Shares Outstanding | 93.8M | 89.4M | 81.1M | 84.1M | 79.6M |
| Profitability Metrics | |||||
| EBITDA | (99.0M) | (43.6M) | (46.9M) | (1.8M) | (12.3M) |
| D&A | 2.9M | 5.1M | 2.0M | 5.1M | 45.4M |
| EBIT | (101.2M) | (48.7M) | (48.9M) | (6.9M) | (57.7M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026