BEATW
Price
Unusual options activity
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
5 more panels on BEATW open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | — |
| Operating revenue | $0 | $0 | $0 | $0 | — |
| Research & development | $13.45M | $11.05M | $6.80M | $5.68M | +21.7% |
| Selling, general & admin | $7.69M | $8.84M | $8.52M | $7.35M | -13.0% |
| Total operating expense | $21.14M | $19.89M | $15.31M | $13.03M | +6.3% |
| Operating income | -$21.14M | -$19.89M | -$15.31M | -$13.03M | -6.3% |
| Net interest income | $122.00K | $446.00K | $675.00K | $66.00K | -72.6% |
| Pre-tax income | -$21.02M | -$19.45M | -$14.64M | -$12.96M | -8.1% |
| Tax provision | $0 | $0 | $0 | $0 | — |
| Net income | -$21.02M | -$19.45M | -$14.64M | -$12.96M | -8.1% |
| Net income to common | -$21.02M | -$19.45M | -$14.64M | -$12.96M | -8.1% |
| EBIT | -$21.14M | -$19.89M | -$15.31M | -$13.03M | -6.3% |
| EBITDA | -$21.10M | -$19.88M | -$15.31M | -$13.03M | -6.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $4.38M | $2.38M | $16.19M | $3.59M | +84.3% |
| Cash & short-term investments | $4.38M | $2.38M | $16.19M | $3.59M | +84.3% |
| Inventory | $103.00K | $0 | — | — | — |
| Total current assets | $4.68M | $2.77M | $16.82M | $4.04M | +69.1% |
| Property, plant & equipment | $1.10M | $450.00K | $256.00K | $0 | +144.9% |
| Total assets | $5.84M | $3.28M | $17.13M | $4.04M | +78.4% |
| Total current liabilities | $3.24M | $1.62M | $1.19M | $1.67M | +99.8% |
| Total liabilities | $3.24M | $1.62M | $1.19M | $1.67M | +99.8% |
| Retained earnings | -$77.29M | -$56.27M | -$36.83M | -$22.19M | -37.3% |
| Shareholder equity | $2.60M | $1.65M | $15.94M | $2.37M | +57.4% |
| Working capital | $1.45M | $1.15M | $15.63M | $2.37M | +25.9% |
| Net tangible assets | $2.60M | $1.65M | $15.94M | $2.37M | +57.4% |
| Shares issued | 40.12M | 26.96M | 26.33M | 8.01M | +48.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$21.02M | -$19.45M | -$14.64M | -$12.96M | -8.1% |
| Depreciation & amortisation | $40.00K | $7.00K | $0 | — | +471.4% |
| Stock-based compensation | $5.15M | $4.30M | $3.21M | $1.12M | +19.7% |
| Change in working capital | $1.61M | $671.00K | -$662.00K | $1.89M | +140.5% |
| Operating cash flow | -$13.99M | -$14.47M | -$12.09M | -$9.95M | +3.3% |
| Capital expenditure | -$600.00K | -$201.00K | -$256.00K | — | -198.5% |
| Investing cash flow | -$600.00K | -$201.00K | -$256.00K | $0 | -198.5% |
| Financing cash flow | $16.59M | $866.00K | $24.99M | $350.00K | +1,815.8% |
| Free cash flow | -$14.59M | -$14.67M | -$12.35M | -$9.95M | +0.6% |
| End cash position | $4.44M | $2.43M | $16.24M | $3.59M | +82.3% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | $0 | — |
| Operating revenue | $0 | $0 | $0 | $0 | $0 | — |
| Research & development | $2.37M | $3.35M | $3.28M | $3.33M | $3.49M | -29.3% |
| Selling, general & admin | $2.35M | $1.96M | $2.01M | $1.71M | $2.01M | +19.9% |
| Total operating expense | $4.72M | $5.31M | $5.29M | $5.04M | $5.50M | -11.2% |
| Operating income | -$4.72M | -$5.31M | -$5.29M | -$5.04M | -$5.50M | +11.2% |
| Net interest income | $16.00K | $5.00K | $36.00K | $63.00K | $20.00K | +220.0% |
| Pre-tax income | -$4.70M | -$5.30M | -$5.25M | -$4.97M | -$5.48M | +11.4% |
| Tax provision | $0 | $0 | $0 | $0 | $0 | — |
| Net income | -$4.70M | -$5.30M | -$5.25M | -$4.97M | -$5.48M | +11.4% |
| Net income to common | -$4.70M | -$5.30M | -$5.25M | -$4.97M | -$5.48M | +11.4% |
| EBIT | -$4.72M | -$5.31M | -$5.29M | -$5.04M | -$5.50M | +11.2% |
| EBITDA | -$4.69M | -$5.29M | -$5.28M | -$5.03M | -$5.50M | +11.4% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.04M | $4.38M | $1.86M | $3.26M | $4.39M | — | -53.4% |
| Cash & short-term investments | $2.04M | $4.38M | $1.86M | $5.05M | $8.15M | — | -53.4% |
| Inventory | $133.00K | $103.00K | — | — | — | $0 | +29.1% |
| Total current assets | $2.44M | $4.68M | $2.13M | $5.36M | $8.61M | — | -48.0% |
| Property, plant & equipment | $1.44M | $1.10M | $694.00K | $564.00K | $443.00K | — | +30.5% |
| Total assets | $3.93M | $5.84M | $2.88M | $5.98M | $9.11M | — | -32.8% |
| Total current liabilities | $3.29M | $3.24M | $2.47M | $1.80M | $1.58M | — | +1.7% |
| Total liabilities | $3.29M | $3.24M | $2.47M | $1.80M | $1.58M | — | +1.7% |
| Retained earnings | -$81.99M | -$77.29M | -$71.99M | -$66.73M | -$61.76M | — | -6.1% |
| Shareholder equity | $635.00K | $2.60M | $406.00K | $4.18M | $7.53M | — | -75.6% |
| Working capital | -$859.00K | $1.45M | -$344.00K | $3.56M | $7.03M | — | -159.4% |
| Net tangible assets | $635.00K | $2.60M | $406.00K | $4.18M | $7.53M | — | -75.6% |
| Shares issued | 41.13M | 40.12M | 34.34M | 34.02M | 33.73M | — | +2.5% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$4.70M | -$5.30M | -$5.25M | -$4.97M | -$5.48M | +11.4% |
| Depreciation & amortisation | $24.00K | $17.00K | $8.00K | $8.00K | $7.00K | +41.2% |
| Stock-based compensation | $1.22M | $1.43M | $1.43M | $1.18M | $1.11M | -14.7% |
| Change in working capital | -$151.00K | $726.00K | $653.00K | $344.00K | -$109.00K | -120.8% |
| Operating cash flow | -$3.61M | -$2.91M | -$3.16M | -$3.44M | -$4.48M | -24.2% |
| Capital expenditure | -$246.00K | -$416.00K | -$82.00K | — | — | +40.9% |
| Investing cash flow | -$246.00K | -$416.00K | $1.72M | $1.86M | -$3.76M | +40.9% |
| Financing cash flow | $1.51M | $5.85M | $45.00K | $450.00K | $10.25M | -74.1% |
| Free cash flow | -$3.86M | -$3.32M | -$3.24M | -$3.55M | -$4.48M | -16.1% |
| End cash position | $2.10M | $4.44M | $1.91M | $3.31M | $4.45M | -52.8% |
Options analytics
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $131.25K | 0.0% |
| Next quarter | — | — | $287.50K | 0.0% |
| Current year | — | — | $448.75K | 0.0% |
| Next year | — | — | $4.84M | +978.0% |
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Headlines
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