| Market Cap | $218.0M | |
| Enterprise Value | — | |
| Revenue | $1.8M | −92.8% |
| Gross Profit | — | — |
| EBITDA | -$145.6M | — |
| Net Income | -$151.8M | — |
| Diluted EPS | -$5.02 | — |
| Free Cash Flow | -$77.4M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | −342.36% | −5.40% | 13.12% | −332.32% | −112.81% | −5127.10% | 8% | 9% | |
| EBITDA Margin | −338.74% | −4.70% | 13.76% | −329.63% | −109.72% | −5041.29% | 8% | 8% | |
| NOPAT Margin | −270.46% | −4.27% | 13.12% | −262.53% | −89.12% | −4050.41% | 8% | 7% | |
| Net Margin | −414.99% | −30.19% | 31.94% | −844.91% | −198.97% | −4658.63% | 8% | 8% | |
| FCF Margin | 205.25% | −72.25% | −29.64% | −197.53% | −84.21% | −2838.58% | 8% | 9% | |
| FCFE Margin | 237.93% | −72.25% | −29.64% | −303.12% | −84.21% | — | — | — | |
| OCF Margin | 210.16% | −70.97% | −28.55% | −196.74% | −60.84% | −2643.58% | 8% | 11% | |
| Capex Intensity | 4.91% | 1.28% | 1.08% | 0.79% | 23.37% | 194.99% | 92% | 98% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 5 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 3 ratios | |||||||||
| ▸Capital allocation · 1 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 38.4% vs reported ROE 60.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | $16.6M | $85.1M | $110.8M | $26.0M | $38.9M | $2.8M |
| YoY % | +412.6% | +30.2% | -76.5% | +49.6% | -92.8% | |
| R&D Expense | $54.5M | $68.7M | $72.4M | $71.3M | $45.1M | $58.0M |
| YoY % | +26.1% | +5.3% | -1.5% | -36.7% | +28.7% | |
| SG&A Expense | $18.9M | $20.9M | $23.9M | $40.5M | $30.1M | $31.5M |
| YoY % | +10.7% | +14.0% | +69.5% | -25.5% | +4.5% | |
| Total Operating Expenses | $73.4M | $89.7M | $96.2M | $112.4M | $82.8M | $146.2M |
| YoY % | +22.1% | +7.3% | +16.8% | -26.3% | +76.6% | |
| Operating Income | -$56.8M | -$4.6M | $14.5M | -$86.4M | -$43.9M | -$143.4M |
| Interest Expense | — | — | — | $2.8M | $0 | — |
| YoY % | -100.0% | |||||
| Interest & Investment Income | — | — | — | $5.0M | $7.4M | $6.6M |
| YoY % | +48.8% | -10.9% | ||||
| Other Non-Operating Income | $89,000 | $15,000 | $330,000 | $691,000 | $606,000 | -$2.0M |
| YoY % | -83.1% | +2100.0% | +109.4% | -12.3% | ||
| Impairment of Real Estate | — | — | — | — | $200,000 | — |
| Pretax Income | -$68.9M | -$9.7M | $34.8M | -$238.7M | -$77.1M | -$139.5M |
| Income Tax | $0 | $16.0M | -$609,000 | -$19.0M | $287,000 | -$9.2M |
| Net Income | -$68.9M | -$25.7M | $35.4M | -$219.7M | -$77.4M | -$130.3M |
| Net Income to Common | -$68.9M | -$25.7M | $35.4M | -$257.3M | -$77.4M | -$130.3M |
| EPS (Basic) | -$0.68 | -$0.22 | $0.24 | -$49.76 | -$4.48 | -$5.02 |
| EPS (Diluted) | -$0.68 | -$0.22 | $0.10 | -$49.76 | -$4.49 | -$5.02 |
| Weighted Avg Shares (Basic) | 101.2M | 114.3M | 144.8M | 5.2M | 17.3M | 26.0M |
| YoY % | +13.0% | +26.6% | -96.4% | +234.2% | +50.3% | |
| Weighted Avg Shares (Diluted) | 101.2M | 114.3M | 145.9M | 5.2M | 17.4M | 26.0M |
| YoY % | +13.0% | +27.6% | -96.5% | +235.7% | +49.6% |
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.
