| Market Cap | $786.5M | |
| Enterprise Value | — | |
| Revenue | $48.5M | +105.7% |
| Gross Profit | $23.8M | +131.2% |
| EBITDA | -$4.7M | — |
| Net Income | -$10.0M | — |
| Diluted EPS | -$0.06 | — |
| Free Cash Flow | -$17.6M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | — | — | 4.22% | 12.35% | 40.93% | 46.00% | 88% | 28% | |
| Operating Margin | — | — | −206.01% | −345.07% | −91.90% | −19.29% | 88% | 55% | |
| EBITDA Margin | — | — | −199.28% | −342.47% | −89.78% | −16.75% | 88% | 52% | |
| NOPAT Margin | — | — | — | — | — | −15.24% | — | 50% | 46% |
| Net Margin | — | — | −223.79% | −355.36% | −92.74% | −28.55% | 88% | 50% | |
| FCF Margin | — | — | −432.74% | −269.18% | −49.22% | −52.26% | 63% | 39% | |
| OCF Margin | — | — | −417.40% | −261.46% | −46.02% | −43.65% | 88% | 43% | |
| Gross Profitability | — | — | 0.87% | 2.30% | 19.94% | 26.33% | 88% | 48% | |
| Capex Intensity | — | — | 15.34% | 7.72% | 3.20% | 8.61% | 63% | 80% | |
| ▸Returns on Capital · 4 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | |||||||||
| ▸Earnings quality · 2 ratios | |||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||
| ▸Leverage · 8 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | — | — | $1.4M | $5.9M | $20.6M | $42.5M |
| YoY % | +309.1% | +251.5% | +105.7% | |||
| Cost of Revenue | — | — | $1.4M | $5.1M | $12.2M | $22.9M |
| YoY % | +274.4% | +136.8% | +88.1% | |||
| Gross Profit | — | — | $60,577 | $725,528 | $8.5M | $19.5M |
| YoY % | +1097.7% | +1065.0% | +131.2% | |||
| R&D Expense | $3,000 | $1,000 | $987,443 | $1.1M | $2.5M | $3.7M |
| YoY % | -66.7% | +98644.3% | +7.2% | +135.4% | +47.9% | |
| SG&A Expense | — | — | $1.9M | $10.1M | $10.2M | $14.8M |
| YoY % | +420.1% | +0.9% | +46.2% | |||
| Total Operating Expenses | $1.1M | $1.4M | $3.0M | $21.0M | $27.4M | $27.7M |
| YoY % | +27.6% | +114.6% | +595.5% | +30.6% | +1.1% | |
| Operating Income | — | — | -$3.0M | -$20.3M | -$19.0M | -$8.2M |
| Interest Expense | — | — | $265,522 | $894,621 | $973,235 | $1.1M |
| YoY % | +236.9% | +8.8% | +13.9% | |||
| Interest & Investment Income | — | — | — | — | — | $14,697 |
| Other Non-Operating Income | -$21,754 | -$77,274 | -$255,290 | -$604,308 | -$175,235 | $33,087 |
| Equity Method Income | — | -$77,392 | — | — | — | — |
| Pretax Income | -$1.1M | -$1.5M | -$3.2M | -$20.9M | -$19.2M | -$8.2M |
| Income Tax | — | — | — | — | — | $4.0M |
| Net Income (incl. NCI) | — | — | -$3.2M | -$21.1M | — | — |
| Net Income | -$1.1M | -$1.5M | -$3.2M | -$20.9M | -$19.2M | -$12.1M |
| Net Income to Common | — | — | -$5.6M | -$20.9M | — | — |
| EPS (Basic) | -$0.05 | -$0.05 | -$0.03 | -$0.14 | -$0.11 | -$0.06 |
| EPS (Diluted) | -$0.05 | -$0.05 | -$0.03 | -$0.14 | -$0.11 | -$0.06 |
| Weighted Avg Shares (Basic) | 23.4M | 28.5M | 128.2M | 144.9M | 170.8M | 190.0M |
| YoY % | +21.9% | +350.0% | +13.0% | +17.9% | +11.2% | |
| Weighted Avg Shares (Diluted) | 23.4M | 28.5M | 128.2M | 152.1M | 181.2M | 198.7M |
| YoY % | +21.9% | +350.0% | +18.7% | +19.2% | +9.7% |
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.
