Financial statements and analysis
Showing the last 6 fiscal years: 2020 to 2025
Chart shows data from left to right: oldest period → newest period
X-axis shows fiscal years with their term end dates and filing dates
Period names from company filings, with term end dates and filing dates
Income Statement (USD) Term End Date Filing Date | 2025 Dec 31, 2025 Mar 6, 2026 | 2024 Dec 31, 2024 Mar 20, 2025 | 2023 Dec 31, 2023 Mar 28, 2024 | 2022 Dec 31, 2022 Mar 30, 2023 | 2021 Dec 31, 2021 Dec 31, 2021 | 2020 Dec 31, 2020 Dec 31, 2020 |
|---|
Total Revenue | 73.01M 202.1% | 24.17M 167.0% | 9.05M 105.3% | 4.41M 59.1% | 2.77M 40.8% | 4.68M |
Cost of Revenue | 64.75M 52.4% | 42.50M 79.1% | 23.73M 141.0% | 9.85M 38.7% | 7.10M 6.1% | 6.70M |
Gross Profit | 8.26M 145.1% | -18.33M 24.9% | -14.68M 169.8% | -5.44M 25.6% | -4.33M 114.7% | -2.02M |
Gross Margin % | 11.00% 114.5% | -76.00% 53.1% | -162.00% 31.7% | -123.00% 21.2% | -156.00% 262.8% | -43.00% |
Research & Development | 9.43M 28.4% | 7.34M 99.7% | 3.68M 81.1% | 2.03M 40.0% | 1.45M 9.0% | 1.33M |
General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 100.0% | 4.09M |
Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 100.0% | 10.00K |
SG&A Expenses | 22.96M 22.6% | 18.73M 8.0% | 20.36M 92.5% | 10.57M 118.2% | 4.84M 18.1% | 4.10M |
Other Operating Expenses | 22.52M 1109.7% | 1.86M | 0.00 | 0.00 100.0% | -16.00K 144.4% | 36.00K |
Total Operating Expenses | 54.91M 96.6% | 27.93M 16.2% | 24.03M 90.7% | 12.60M 100.2% | 6.29M 15.8% | 5.43M |
Cost and Expenses | 119.66M 69.9% | 70.43M 47.5% | 47.76M 112.7% | 22.45M 67.6% | 13.39M 10.4% | 12.13M |
Operating Income | -46.65M 0.8% | -46.26M 19.5% | -38.71M 114.6% | -18.04M 69.8% | -10.62M 42.6% | -7.45M |
Operating Margin % | -64.00% 66.5% | -191.00% 55.4% | -428.00% 4.6% | -409.00% 6.8% | -383.00% 140.9% | -159.00% |
EBITDA | -39.66M 2.3% | -40.59M 10.0% | -36.90M 123.6% | -16.50M 95.2% | -8.46M 36.9% | -6.18M |
EBITDA Margin % | -54.00% 67.9% | -168.00% 58.8% | -408.00% 9.1% | -374.00% 22.6% | -305.00% 131.1% | -132.00% |
Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 100.0% | 16.00K 220.0% | 5.00K |
Interest Income | 2.62M 64.8% | 1.59M 36.7% | 2.51M 254.6% | 709.00K | 0.00 | 0.00 |
Other Income (Expense) | 2.62M 64.8% | 1.59M 17.7% | 1.93M 172.6% | 709.00K 2.5% | 727.00K 2245.2% | 31.00K |
Pre-Tax Income | -44.02M 1.4% | -44.67M 21.5% | -36.78M 112.2% | -17.33M 75.1% | -9.90M 33.4% | -7.42M |
Pre-Tax Margin % | -60.00% 67.6% | -185.00% 54.4% | -406.00% 3.3% | -393.00% 10.1% | -357.00% 124.5% | -159.00% |
Tax Provision | 0.00 | 0.00 | 0.00 100.0% | -709.00K 4331.3% | -16.00K 139.0% | 41.00K |
Net Income | -44.02M 1.4% | -44.67M 21.5% | -36.78M 121.2% | -16.62M 68.2% | -9.88M 32.5% | -7.46M |
Net Margin % | -60.00% 67.6% | -185.00% 54.4% | -406.00% 7.7% | -377.00% 5.9% | -356.00% 123.9% | -159.00% |
Basic EPS | -0.35 18.6% | -0.43 0.0% | -0.43 115.0% | -0.20 104.5% | -0.10 32.3% | -0.07 |
Diluted EPS | -0.35 18.6% | -0.43 0.0% | -0.43 115.0% | -0.20 100.0% | -0.10 42.9% | -0.07 |
Basic Shares Outstanding | 124.64M 22.3% | 101.87M 18.2% | 86.20M 1.9% | 84.61M 16.2% | 100.99M 0.0% | 100.99M |
Diluted Shares Outstanding | 124.64M 22.3% | 101.87M 18.2% | 86.20M 1.9% | 84.61M 16.2% | 100.99M 0.0% | 100.99M |