| Market Cap | $114.1M | |
| Enterprise Value | $66.5M | |
| Revenue | $0 | −100.0% |
| Gross Profit | — | — |
| EBITDA | -$33.7M | — |
| Net Income | -$37.2M | — |
| Diluted EPS | — | — |
| Free Cash Flow | — | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | — | — | — | −515.34% | −1143.37% | — | — | — | |
| EBITDA Margin | — | — | — | −514.65% | −1142.44% | — | — | — | |
| Net Margin | — | — | — | −474.96% | −1079.94% | — | — | — | |
| FCF Margin | — | — | — | −329.88% | −1139.56% | — | — | — | |
| FCFE Margin | — | — | — | −345.96% | −1172.59% | — | — | — | |
| OCF Margin | — | — | — | −329.81% | −1139.56% | — | — | — | |
| Capex Intensity | — | — | — | 0.07% | 0.00% | — | — | — | |
| ▸Returns on Capital · 4 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | |||||||||
| ▸Earnings quality · 2 ratios | |||||||||
| ▸Liquidity & coverage · 7 ratios | |||||||||
| ▸Leverage · 8 ratios | |||||||||
| ▸Working capital · 1 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | — | — | $0 | $10.1M | $4.9M | $0 |
| YoY % | -51.3% | -100.0% | ||||
| R&D Expense | $23.9M | $30.7M | $35.2M | $49.4M | $46.4M | $19.5M |
| YoY % | +28.7% | +14.7% | +40.4% | -6.1% | -57.9% | |
| SG&A Expense | $5.6M | $11.4M | $12.1M | $12.7M | $14.6M | $17.0M |
| YoY % | +104.4% | +6.3% | +4.7% | +15.8% | +16.0% | |
| Total Operating Expenses | $29.4M | $42.1M | $47.3M | $62.1M | $61.1M | $36.5M |
| YoY % | +43.0% | +12.4% | +31.3% | -1.6% | -40.2% | |
| Operating Income | -$29.4M | -$42.1M | -$47.3M | -$52.0M | -$56.2M | -$36.5M |
| Interest Expense | $323,000 | $345,000 | $420,000 | $483,000 | $307,000 | $90,000 |
| YoY % | +6.8% | +21.7% | +15.0% | -36.4% | -70.7% | |
| Other Non-Operating Income | $200,000 | $119,000 | — | — | — | — |
| YoY % | -40.5% | |||||
| Impairment of Real Estate | — | $0 | $0 | $0 | $0 | $0 |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income (incl. NCI) | -$29.5M | -$42.3M | -$46.2M | -$47.9M | -$53.0M | -$39.0M |
| Net Income | -$29.5M | -$42.3M | -$46.2M | -$47.9M | -$53.0M | -$39.0M |
| EPS (Basic) | — | -$1.81 | -$1.96 | -$1.24 | -$96.40 | -$50.83 |
| EPS (Diluted) | — | -$1.81 | -$1.96 | -$1.24 | -$96.40 | -$50.83 |
| Weighted Avg Shares (Basic) | — | 23.4M | 23.5M | 38.5M | 550,146 | 766,598 |
| YoY % | +0.7% | +63.7% | -98.6% | +39.3% | ||
| Weighted Avg Shares (Diluted) | — | 23.4M | 23.5M | 38.5M | 550,146 | 766,598 |
| YoY % | +0.7% | +63.7% | -98.6% | +39.3% |
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.
