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 Feb 26, 2026 | 2024 Dec 31, 2024 Apr 29, 2025 | 2023 Dec 31, 2023 Dec 31, 2023 | 2022 Dec 31, 2022 Dec 31, 2022 | 2021 Dec 31, 2021 Dec 31, 2021 | 2020 Dec 31, 2020 Dec 31, 2020 |
|---|
Total Revenue | 1.91M 29.2% | 2.70M 1.2% | 2.73M 14.6% | 3.20M 45.1% | 5.83M 6.8% | 5.46M |
Cost of Revenue | 2.23M 55.2% | 1.44M 22.7% | 1.86M 36.0% | 2.90M 26.1% | 3.93M 87.0% | 2.10M |
Gross Profit | -317.00K 125.0% | 1.27M 44.4% | 876.80K 193.9% | 298.38K 84.3% | 1.91M 43.3% | 3.36M |
Gross Margin % | -17.00% 136.2% | 47.00% 46.9% | 32.00% 255.6% | 9.00% 72.7% | 33.00% 46.8% | 62.00% |
Research & Development | 69.12M 34.3% | 51.45M 65.9% | 31.02M 76.4% | 17.59M 76.0% | 9.99M 179.7% | 3.57M |
General & Administrative | 0.00 | 0.00 100.0% | 15.96M 10.8% | 14.41M 65.2% | 8.72M 300.7% | 2.18M |
Selling & Marketing | 0.00 | 0.00 100.0% | 1.09M 34.7% | 806.28K 94.5% | 414.55K 9.6% | 458.42K |
SG&A Expenses | 24.46M 13.2% | 28.19M 65.4% | 17.05M 12.0% | 15.21M 66.5% | 9.14M 30.0% | 13.05M |
Other Operating Expenses | 0.00 | 0.00 100.0% | 949.48K 168.3% | -1.39M 281.6% | -364.50K | 0.00 |
Total Operating Expenses | 93.58M 17.5% | 79.64M 62.5% | 49.02M 56.0% | 31.41M 67.4% | 18.77M 12.9% | 16.62M |
Cost and Expenses | 95.81M 18.2% | 81.08M 59.4% | 50.87M 48.3% | 34.31M 51.2% | 22.69M 21.2% | 18.72M |
Operating Income | -93.89M 19.8% | -78.37M 62.8% | -48.14M 54.7% | -31.11M 84.5% | -16.86M 27.1% | -13.26M |
Operating Margin % | -4908.00% 69.3% | -2899.00% 64.7% | -1760.00% 81.1% | -972.00% 236.3% | -289.00% 18.9% | -243.00% |
EBITDA | -92.49M 20.3% | -76.86M 68.8% | -45.54M 56.3% | -29.14M 88.0% | -15.50M 10.3% | -14.05M |
EBITDA Margin % | -4835.00% 70.0% | -2844.00% 70.8% | -1665.00% 83.0% | -910.00% 242.1% | -266.00% 3.1% | -258.00% |
Interest Expense | 73.00K | 0.00 100.0% | 67.09K 89.7% | 648.71K 37.3% | 1.03M | 0.00 |
Interest Income | 709.00K | 0.00 100.0% | 428.06K 103.5% | 210.38K 206.9% | 68.55K | 0.00 |
Other Income (Expense) | -331.00K 113.8% | 2.40M 74.7% | 1.38M 150.1% | 550.48K 277.3% | -310.48K 120.9% | 1.48M |
Pre-Tax Income | -94.22M 24.0% | -75.97M 62.4% | -46.76M 53.0% | -30.56M 78.0% | -17.17M 45.8% | -11.78M |
Pre-Tax Margin % | -4926.00% 75.3% | -2810.00% 64.3% | -1710.00% 79.1% | -955.00% 223.7% | -295.00% 36.6% | -216.00% |
Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Net Income | -94.14M 23.4% | -76.29M 65.8% | -46.02M 50.6% | -30.56M 78.0% | -17.17M 45.8% | -11.78M |
Net Margin % | -4921.00% 74.4% | -2822.00% 67.7% | -1683.00% 76.2% | -955.00% 223.7% | -295.00% 36.6% | -216.00% |
Basic EPS | -2.55 32.4% | -3.77 194.5% | -1.28 50.6% | -0.85 77.1% | -0.48 45.5% | -0.33 |
Diluted EPS | -2.55 32.4% | -3.77 194.5% | -1.28 50.6% | -0.85 77.1% | -0.48 45.5% | -0.33 |
Basic Shares Outstanding | 36.91M 82.3% | 20.25M 43.6% | 35.94M 0.0% | 35.94M 0.0% | 35.94M 0.0% | 35.94M |
Diluted Shares Outstanding | 36.91M 82.3% | 20.25M 43.6% | 35.94M 0.0% | 35.94M 0.0% | 35.94M 0.0% | 35.94M |