| Market Cap | $332.2M | |
| Enterprise Value | — | |
| Revenue | — | — |
| Gross Profit | — | — |
| EBITDA | -$66.5M | — |
| Net Income | -$58.4M | — |
| Diluted EPS | -$2.17 | — |
| Free Cash Flow | -$57.7M | — |
| Ratio | 2023 | 2024 | 2025 | Trend · 3y | vs own | vs sector |
|---|---|---|---|---|---|---|
| ▾Margins | ||||||
| Operating Margin | 32.15% | — | — | — | — | — |
| EBITDA Margin | 32.54% | — | — | — | — | — |
| NOPAT Margin | 31.53% | — | — | — | — | — |
| Net Margin | 45.44% | — | — | — | — | — |
| FCF Margin | 37.87% | — | — | — | — | — |
| FCFF Margin | 38.28% | — | — | — | — | — |
| FCFE Margin | 30.37% | — | — | — | — | — |
| OCF Margin | 38.70% | — | — | — | — | — |
| Capex Intensity | 0.83% | — | — | — | — | — |
| ▸Returns on Capital · 3 ratios | ||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||
| ▸Earnings quality · 6 ratios | ||||||
| ▸Liquidity & coverage · 5 ratios | ||||||
| ▸Leverage · 2 ratios | ||||||
| ▸Working capital · 1 ratios | ||||||
| ▸Capital allocation · 1 ratios | ||||||
| ▸Per share · 3 ratios | ||||||
| Line | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|
| Revenue | $50.0M | $0 | — |
| YoY % | -100.0% | ||
| R&D Expense | $27.6M | $38.4M | $51.5M |
| YoY % | +39.2% | +34.1% | |
| SG&A Expense | $6.3M | $12.5M | $16.5M |
| YoY % | +97.3% | +32.6% | |
| Total Operating Expenses | $33.9M | $50.9M | $68.1M |
| YoY % | +50.0% | +33.7% | |
| Operating Income | $16.1M | -$50.9M | -$68.1M |
| Interest Expense | $208,000 | $0 | — |
| YoY % | -100.0% | ||
| Interest & Investment Income | $4.6M | $8.9M | $8.2M |
| YoY % | +93.3% | -7.4% | |
| Other Non-Operating Income | -$177,000 | -$163,000 | -$165,000 |
| Gains on Sale of Real Estate | $0 | $16,000 | — |
| Pretax Income | $23.2M | -$42.3M | -$60.1M |
| Income Tax | $450,000 | $0 | $0 |
| YoY % | -100.0% | ||
| Net Income | $22.7M | -$42.3M | -$60.0M |
| Net Income to Common | $3.1M | -$42.3M | — |
| EPS (Basic) | $1.36 | -$2.18 | -$2.17 |
| EPS (Diluted) | $0.08 | -$2.18 | -$2.17 |
| Weighted Avg Shares (Basic) | 2.3M | 19.4M | 27.7M |
| YoY % | +738.2% | +43.1% | |
| Weighted Avg Shares (Diluted) | 3.4M | 19.4M | 27.7M |
| YoY % | +470.0% | +43.1% |
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.
