| Market Cap | $813.3M | |
| Enterprise Value | — | |
| Revenue | $264.5M | +28.2% |
| Gross Profit | $32.5M | +296.7% |
| EBITDA | -$6.9M | — |
| Net Income | -$6.7M | — |
| Diluted EPS | -$0.09 | — |
| Free Cash Flow | -$26.5M | — |
| Ratio | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 5y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||
| Gross Margin | 14.25% | 7.36% | 3.46% | 1.96% | 6.06% | 50% | 6% | |
| Operating Margin | −14.47% | −20.73% | −89.24% | −37.54% | −13.52% | 90% | 33% | |
| EBITDA Margin | −14.16% | −20.52% | −88.71% | −37.31% | −13.38% | 90% | 28% | |
| NOPAT Margin | −11.44% | −16.37% | −70.50% | −29.66% | — | — | — | |
| Net Margin | −15.39% | −20.65% | −87.27% | −36.62% | −13.16% | 90% | 32% | |
| FCF Margin | −17.31% | −9.57% | — | −23.56% | −7.83% | 88% | 24% | |
| FCFE Margin | −18.21% | −9.91% | — | −23.90% | −8.12% | 88% | 16% | |
| OCF Margin | −17.22% | −9.28% | −60.11% | −23.51% | −7.81% | 90% | 26% | |
| Gross Profitability | 26.63% | 17.66% | 3.29% | 6.89% | 23.12% | 70% | 40% | |
| Capex Intensity | 0.09% | 0.29% | — | 0.05% | 0.02% | 13% | 2% | |
| ▸Returns on Capital · 3 ratios | ||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | ||||||||
| ▸Earnings quality · 1 ratios | ||||||||
| ▸Liquidity & coverage · 5 ratios | ||||||||
| ▸Leverage · 3 ratios | ||||||||
| ▸Working capital · 8 ratios | ||||||||
| ▸Per share · 6 ratios | ||||||||
| ▸Other · 1 ratios | ||||||||
| Line | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|
| Revenue | $47.2M | $161.6M | $69.2M | $147.1M | $188.6M |
| YoY % | +242.2% | -57.2% | +112.6% | +28.2% | |
| Cost of Revenue | $40.5M | $149.7M | $66.8M | $144.2M | $177.2M |
| YoY % | +269.7% | -55.4% | +115.9% | +22.9% | |
| Gross Profit | $6.7M | $11.9M | $2.4M | $2.9M | $11.4M |
| YoY % | +76.7% | -79.9% | +20.5% | +296.7% | |
| R&D Expense | $3.0M | $10.6M | $9.2M | $8.1M | $3.5M |
| YoY % | +259.8% | -13.7% | -12.0% | -56.6% | |
| SG&A Expense | $8.2M | $14.3M | $12.4M | $12.1M | $13.2M |
| YoY % | +74.0% | -13.5% | -2.6% | +9.4% | |
| Total Operating Expenses | $13.6M | $45.4M | $64.2M | $58.1M | $37.0M |
| YoY % | +234.6% | +41.3% | -9.4% | -36.4% | |
| Operating Income | -$6.8M | -$33.5M | -$61.8M | -$55.2M | -$25.5M |
| Other Non-Operating Income | $101,000 | $74,000 | $60,000 | $316,000 | $164,000 |
| YoY % | -26.7% | -18.9% | +426.7% | -48.1% | |
| Impairment of Real Estate | $0 | $0 | $0 | $0 | $0 |
| Pretax Income | -$7.3M | -$33.4M | -$60.4M | -$53.9M | -$24.8M |
| Income Tax | $1,000 | $1,000 | $1,000 | $1,000 | — |
| YoY % | 0.0% | 0.0% | 0.0% | ||
| Net Income (incl. NCI) | — | -$33.4M | -$60.4M | -$53.9M | -$24.8M |
| Net Income | -$7.3M | -$33.4M | -$60.4M | -$53.9M | -$24.8M |
| Net Income to Common | — | — | — | -$53.9M | -$25.4M |
| EPS (Basic) | -$0.04 | -$0.14 | -$0.25 | -$0.21 | -$0.09 |
| EPS (Diluted) | -$0.04 | -$0.14 | -$0.25 | -$0.21 | -$0.09 |
| Weighted Avg Shares (Basic) | 183.6M | 231.5M | 244.1M | 259.9M | 286.6M |
| YoY % | +26.1% | +5.5% | +6.5% | +10.3% | |
| Weighted Avg Shares (Diluted) | 183.6M | 231.5M | 244.1M | 259.9M | 286.6M |
| YoY % | +26.1% | +5.5% | +6.5% | +10.3% |
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.
