| Market Cap | $631.3M | |
| Enterprise Value | — | |
| Revenue | $6.0M | +130.3% |
| Gross Profit | $368,000 | +80.9% |
| EBITDA | -$52.1M | — |
| Net Income | -$51.7M | — |
| Diluted EPS | -$0.33 | — |
| Free Cash Flow | -$63.6M | — |
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 8y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||
| Gross Margin | — | — | — | −1268.50% | −316.81% | −155.36% | 6.23% | 4.89% | 70% | 5% | |
| Operating Margin | — | — | — | −48048.50% | −7551.28% | −20441.82% | −4261.03% | −1886.42% | 90% | 1% | |
| EBITDA Margin | — | — | — | −47606.50% | −7493.02% | −19919.35% | −4052.49% | −1715.02% | 90% | 1% | |
| Net Margin | — | — | — | −48024.00% | −7281.91% | −18379.46% | −3449.17% | −1645.70% | 90% | 1% | |
| FCF Margin | — | — | — | −41441.00% | −5686.70% | −18506.40% | −4855.07% | −2022.71% | 90% | 0% | |
| OCF Margin | — | — | — | −40251.00% | −5549.72% | −17405.06% | −3759.97% | −1339.54% | 90% | 1% | |
| Gross Profitability | — | 0.00% | 0.00% | −0.44% | −1.49% | −0.32% | 0.04% | 0.08% | 93% | 2% | |
| Capex Intensity | — | — | — | 1190.00% | 136.99% | 1101.34% | 1095.10% | 683.17% | 30% | 99% | |
| ▸Returns on Capital · 4 ratios | |||||||||||
| ▸DuPont factors (ROE drivers) · 3 ratios | |||||||||||
| ▸Earnings quality · 5 ratios | |||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||
| ▸Leverage · 8 ratios | |||||||||||
| ▸Working capital · 8 ratios | |||||||||||
| ▸Per share · 6 ratios | |||||||||||
| ▸Other · 1 ratios | |||||||||||
| Line | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $200,000 | $2.1M | $672,000 | $1.5M | $3.5M |
| YoY % | +953.0% | -68.1% | +124.6% | +130.3% | |||
| Cost of Revenue | $0 | $0 | $2.7M | $8.8M | $1.7M | $1.4M | $3.3M |
| YoY % | +220.7% | -80.5% | -17.5% | +133.6% | |||
| Gross Profit | $0 | $0 | -$2.5M | -$6.7M | -$1.0M | $94,000 | $170,000 |
| YoY % | +80.9% | ||||||
| R&D Expense | $9.3M | $12.6M | $58.3M | $110.4M | $82.2M | $37.0M | $42.5M |
| YoY % | +35.9% | +362.5% | +89.4% | -25.5% | -55.0% | +14.8% | |
| SG&A Expense | — | $9.6M | $35.3M | $42.0M | $42.6M | $24.4M | $22.8M |
| YoY % | +268.3% | +18.9% | +1.5% | -42.8% | -6.7% | ||
| Total Operating Expenses | $12.0M | $22.2M | $93.6M | $152.4M | $136.3M | $64.4M | $65.7M |
| YoY % | +84.9% | +321.8% | +62.8% | -10.5% | -52.8% | +2.1% | |
| Operating Income | -$12.0M | -$22.2M | -$96.1M | -$159.0M | -$137.4M | -$64.3M | -$65.6M |
| Interest Expense | $3.3M | $5.5M | $0 | $0 | — | — | — |
| YoY % | +67.6% | -100.0% | |||||
| Interest & Investment Income | $0 | $6,000 | $779,000 | $5.7M | $13.8M | $12.2M | $8.4M |
| YoY % | +12883.3% | +634.8% | +141.2% | -11.5% | -31.6% | ||
| Other Non-Operating Income | $27,000 | -$12,000 | $0 | -$32,000 | $50,000 | $32,000 | $0 |
| YoY % | -36.0% | -100.0% | |||||
| Pretax Income | $3.1M | — | — | — | — | — | — |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$14.1M | $324.1M | -$96.0M | -$153.4M | -$123.5M | -$52.0M | -$57.2M |
| Net Income to Common | $2.3M | — | — | -$153.4M | -$123.5M | — | — |
| EPS (Basic) | -$0.16 | $3.11 | -$0.56 | -$0.87 | -$0.68 | -$0.30 | -$0.33 |
| EPS (Diluted) | -$0.16 | -$0.35 | -$0.56 | -$0.87 | -$0.68 | -$0.30 | -$0.33 |
| Weighted Avg Shares (Basic) | 86.6M | 104.3M | 172.2M | 175.4M | 181.4M | 174.9M | 175.4M |
| YoY % | +20.4% | +65.1% | +1.8% | +3.4% | -3.6% | +0.3% | |
| Weighted Avg Shares (Diluted) | 86.6M | 112.6M | 172.2M | 175.4M | 181.4M | 174.9M | 175.4M |
| YoY % | +29.9% | +53.0% | +1.8% | +3.4% | -3.6% | +0.3% |
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.
