| Market Cap | $688.7M | |
| Enterprise Value | $493.9M | |
| Revenue | $125,000 | — |
| Gross Profit | — | — |
| EBITDA | -$55.7M | — |
| Net Income | -$54.4M | — |
| Diluted EPS | -$0.72 | — |
| Free Cash Flow | -$49.0M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | −11048.00% | −20580.80% | −27777.60% | — | — | — | — | — | |
| EBITDA Margin | −10975.20% | −20395.20% | −27137.60% | — | — | — | — | — | |
| Net Margin | −14144.00% | −28899.20% | −15035.20% | — | — | — | — | — | |
| FCF Margin | −8437.60% | −19242.40% | −26172.80% | — | — | — | — | — | |
| OCF Margin | −7256.80% | −17774.40% | −25135.20% | — | — | — | — | — | |
| Capex Intensity | 1180.80% | 1468.00% | 1037.60% | — | — | — | — | — | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | |||||||||
| ▸Earnings quality · 1 ratios | |||||||||
| ▸Liquidity & coverage · 7 ratios | |||||||||
| ▸Leverage · 7 ratios | |||||||||
| ▸Working capital · 1 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | $125,000 | $125,000 | $125,000 | — | — | — |
| YoY % | 0.0% | 0.0% | ||||
| R&D Expense | $8.8M | $15.2M | $20.8M | $24.5M | $19.3M | $30.5M |
| YoY % | +73.4% | +37.0% | +17.9% | -21.2% | +57.9% | |
| SG&A Expense | $5.2M | $10.7M | $14.1M | $13.9M | $14.1M | $17.8M |
| YoY % | +106.0% | +31.7% | -1.2% | +1.2% | +26.4% | |
| Total Operating Expenses | $13.9M | $25.9M | $34.8M | $38.4M | $33.4M | $48.3M |
| YoY % | +85.5% | +34.8% | +10.2% | -13.1% | +44.6% | |
| Operating Income | -$13.8M | -$25.7M | -$34.7M | -$38.4M | -$33.4M | -$48.3M |
| Interest Expense | — | — | $1.7M | -$2.6M | $2.1M | $2.1M |
| YoY % | +1.4% | |||||
| Interest & Investment Income | — | — | $1.2M | $2.1M | — | — |
| YoY % | +70.9% | |||||
| Other Non-Operating Income | -$3.9M | -$10.4M | $15.9M | $452,000 | -$21.8M | $10.1M |
| YoY % | -97.2% | |||||
| Impairment of Real Estate | — | — | — | $400,000 | $41,000 | $90,000 |
| YoY % | -89.8% | +119.5% | ||||
| Pretax Income | — | — | — | — | -$55.2M | -$38.2M |
| Income Tax | — | $0 | $0 | $0 | $0 | $0 |
| Net Income (incl. NCI) | -$17.7M | -$36.1M | -$18.8M | -$37.9M | -$55.2M | -$38.2M |
| Net Income | -$17.7M | -$36.1M | -$18.8M | -$37.9M | -$55.2M | -$38.2M |
| EPS (Basic) | — | -$1.91 | -$0.65 | -$1.31 | -$1.74 | -$0.72 |
| EPS (Diluted) | — | -$1.91 | -$0.65 | -$1.31 | -$1.74 | -$0.72 |
| Weighted Avg Shares (Basic) | — | 18.9M | 28.8M | 28.9M | 31.7M | 53.0M |
| YoY % | +52.7% | +0.4% | +9.5% | +67.2% | ||
| Weighted Avg Shares (Diluted) | — | 18.9M | 28.8M | 28.9M | 31.7M | 53.0M |
| YoY % | +52.7% | +0.4% | +9.5% | +67.2% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
