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Trailing performance Price return · vs SPY
Return vs SPY
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals TTM · reported
Market cap —
Enterprise value —
Revenue (TTM) —
Gross profit —
EBITDA —
Net income —
EPS (TTM) —
Free cash flow —
Total cash —
Total debt —
Book value / share —
Shares outstanding —
Float —
Short % of float —
Dividend yield —
Beta (5Y) —
Valuation & profitability ratios Account required
Trailing P/E —
Forward P/E —
PEG ratio —
Price / sales —
Price / book —
EV / revenue —
EV / EBITDA —
Gross margin —
Operating margin —
Profit margin —
Return on equity —
Return on assets —
Debt / equity —
Current ratio —
Free account required
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements As reported · 5 years · 6 quarters
Income Balance sheet Cash flow
Annual Quarterly
Blank means not reported, not zero
Line item 2025 2024 2023 2022 YoY
Total revenue
$3.24M $2.90M $3.90M $8.44M
+11.8%
Operating revenue
$3.24M $2.90M $3.90M $8.44M
+11.8%
Cost of revenue
$1.13M $1.02M $2.99M $3.13M
+10.6%
Gross profit
$2.12M $1.88M $917.00K $5.30M
+12.5%
Research & development
$275.00K $2.85M $6.12M $5.04M
-90.4%
Selling, general & admin
$39.27M $45.04M $48.48M $27.14M
-12.8%
Total operating expense
$113.13M $178.83M $181.32M $137.47M
-36.7%
Operating income
-$111.02M -$176.95M -$180.40M -$132.16M
+37.3%
Net interest income
-$4.14M -$2.58M -$2.96M -$972.00K
-60.2%
Pre-tax income
-$125.03M -$140.24M -$216.66M -$159.60M
+10.8%
Tax provision
$12.00K $32.00K -$584.00K $618.00K
-62.5%
Net income
-$105.87M -$128.62M -$199.38M -$149.81M
+17.7%
Net income to common
-$105.87M -$128.62M -$199.38M -$149.81M
+17.7%
Basic EPS
-0.79 -1.07 -1.95 -1.91
+26.2%
Diluted EPS
-0.79 -1.07 -1.95 -1.91
+26.2%
EBIT
-$120.89M -$137.65M -$213.70M -$158.63M
+12.2%
EBITDA
-$117.94M -$134.95M -$211.06M -$154.42M
+12.6%
Basic shares
133.58M 120.38M 102.49M 78.53M
+11.0%
Diluted shares
133.58M 120.38M 102.49M 78.53M
+11.0%
Line item 2025 2024 2023 2022 2021 YoY
Cash & equivalents
$173.26M $40.97M $205.04M $139.66M —
+322.9%
Cash & short-term investments
$173.26M $40.97M $205.04M $139.66M —
+322.9%
Accounts receivable
$14.00K $762.00K $1.04M $1.50M —
-98.2%
Inventory
— $0 $5.01M $5.65M $5.88M
—
Total current assets
$180.19M $69.29M $216.49M $151.03M —
+160.1%
Property, plant & equipment
$233.43M $235.54M $222.94M $90.69M —
-0.9%
Goodwill & intangibles
— — $123.00K $1.25M $4.34M
—
Total assets
$483.27M $374.93M $487.23M $260.49M —
+28.9%
Total current liabilities
$53.88M $33.42M $39.72M $17.43M —
+61.2%
Current debt
$33.74M $12.41M $12.67M — —
+171.9%
Long-term debt
— $55.10M $64.62M $25.92M $78.83M
—
Total debt
$35.90M $69.86M $79.19M $27.03M —
-48.6%
Total liabilities
$59.70M $94.50M $110.94M $58.04M —
-36.8%
Retained earnings
-$636.00M -$530.13M -$401.50M -$202.13M —
-20.0%
Shareholder equity
$416.11M $268.64M $374.25M $206.38M —
+54.9%
Working capital
$126.32M $35.87M $176.76M $133.60M —
+252.2%
Net tangible assets
$416.11M $268.64M $374.25M $205.13M —
+54.9%
Shares issued
145.51M 120.61M 120.03M 93.00M —
+20.6%
Line item 2025 2024 2023 2022 YoY
Net income
-$125.05M -$140.27M -$216.07M -$160.22M
+10.9%
Depreciation & amortisation
$2.95M $2.70M $2.64M $4.21M
+9.2%
Stock-based compensation
$11.66M $14.96M $20.96M $4.83M
-22.1%
Change in working capital
-$1.83M -$5.25M $1.26M -$2.48M
+65.1%
Operating cash flow
-$89.20M -$162.10M -$150.51M -$115.73M
+45.0%
Capital expenditure
-$5.11M -$13.57M -$82.08M -$44.41M
+62.4%
Investing cash flow
$4.59M -$14.47M -$150.77M -$48.38M
+131.7%
Financing cash flow
$214.72M $18.89M $366.45M $254.41M
+1,036.4%
Free cash flow
-$94.31M -$175.67M -$232.60M -$160.15M
+46.3%
End cash position
$173.26M $40.97M $205.04M $139.66M
+322.9%
Line item 2026-06-30 2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 YoY
Total revenue
$724.00K $858.00K $896.00K $545.00K $1.07M —
-15.6%
Operating revenue
$724.00K $858.00K $896.00K $545.00K $1.07M —
-15.6%
Cost of revenue
$356.00K $353.00K $273.00K $266.00K $294.00K —
+0.8%
Gross profit
$368.00K $505.00K $623.00K $279.00K $774.00K —
-27.1%
Research & development
$174.00K $404.00K $114.00K $54.00K $55.00K —
-56.9%
Selling, general & admin
$8.27M $9.86M $8.81M $9.13M $9.72M —
-16.2%
Total operating expense
$29.85M $28.47M $37.97M $23.87M $23.85M —
+4.8%
Operating income
-$29.48M -$27.97M -$37.34M -$23.59M -$23.08M —
-5.4%
Net interest income
$243.00K -$829.00K -$384.00K -$1.01M -$1.22M —
+129.3%
Pre-tax income
-$25.39M $93.58M -$40.31M -$21.61M -$28.97M —
-127.1%
Tax provision
-$51.00K $12.20M $12.00K $0 $0 —
-100.4%
Net income
-$24.65M $41.74M -$33.99M -$17.52M -$23.85M —
-159.1%
Net income to common
-$24.65M $41.74M -$33.99M -$17.52M -$23.85M —
-159.1%
Basic EPS
-0.16 0.27 — — -0.18 -0.24
-159.3%
Diluted EPS
-0.16 0.26 — — -0.18 -0.24
-161.5%
EBIT
-$29.48M $94.41M -$39.93M -$20.60M -$23.08M —
-131.2%
EBITDA
-$28.98M $94.97M -$39.15M -$19.79M -$22.34M —
-130.5%
Basic shares
158.35M 152.22M — — 132.60M 126.66M
+4.0%
Diluted shares
158.35M 158.48M — — 132.60M 126.66M
-0.1%
Line item 2026-06-30 2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 YoY
Cash & equivalents
$256.88M $289.82M $173.26M $52.98M $65.35M —
-11.4%
Cash & short-term investments
$256.88M $289.82M $173.26M $52.98M $65.35M —
-11.4%
Accounts receivable
$2.00K $157.00K $14.00K $81.00K $8.00K —
-98.7%
Inventory
— — — — — —
—
Total current assets
$270.13M $301.46M $180.19M $87.68M $104.29M —
-10.4%
Property, plant & equipment
$225.50M $219.06M $233.43M $233.71M $234.63M —
+2.9%
Total assets
$584.82M $594.31M $483.27M $386.15M $400.47M —
-1.6%
Total current liabilities
$53.50M $48.23M $53.88M $62.00M $27.15M —
+10.9%
Current debt
$35.19M $34.46M $33.74M $47.69M $13.94M —
+2.1%
Long-term debt
— — — $24.16M $56.43M $55.77M
—
Total debt
$36.65M $35.37M $35.90M $74.03M $72.59M —
+3.6%
Total liabilities
$54.24M $48.64M $59.70M $92.39M $89.69M —
+11.5%
Retained earnings
-$618.92M -$594.26M -$636.00M -$602.01M -$584.49M —
-4.1%
Shareholder equity
$525.82M $540.28M $416.11M $280.13M $293.34M —
-2.7%
Working capital
$216.63M $253.24M $126.32M $25.68M $77.14M —
-14.5%
Net tangible assets
$525.82M $540.28M $416.11M $280.13M $293.34M —
-2.7%
Shares issued
159.59M 157.99M 145.51M 133.17M 132.69M —
+1.0%
Line item 2026-06-30 2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 YoY
Net income
-$25.34M $81.39M -$40.32M -$21.61M -$28.97M —
-131.1%
Depreciation & amortisation
$503.00K $564.00K $781.00K $808.00K $740.00K —
-10.8%
Stock-based compensation
$3.15M $2.58M $2.58M $2.73M $3.38M —
+22.1%
Change in working capital
$3.64M -$795.00K $236.00K $1.47M -$1.35M —
+558.2%
Operating cash flow
-$19.96M -$42.31M -$25.70M -$18.03M -$20.00M —
+52.8%
Capital expenditure
-$22.74M -$2.09M -$3.21M — -$1.99M -$2.00K
-987.5%
Investing cash flow
-$16.24M $115.16M -$3.21M $92.00K -$1.99M —
-114.1%
Financing cash flow
$3.15M $42.99M $131.68M $2.13M $10.10M —
-92.7%
Free cash flow
-$42.70M -$44.40M -$28.91M -$17.94M -$21.98M —
+3.8%
End cash position
$256.88M $289.82M $173.26M $73.46M $88.05M —
-11.4%
Analyst targets & ownership Account required
Mean target —
High target —
Low target —
Implied upside —
Analyst count —
Consensus —
Strong buy / Buy — / —
Hold —
Sell / Strong sell — / —
Held by insiders —
Held by institutions —
Institutions holding —
Free account required
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals Computed from 2Y daily closes
SMA 10
14.87
+6.15% from price
SMA 20
14.25
+10.75% from price
SMA 50
13.88
+13.68% from price
SMA 100
16.03
-1.53% from price
SMA 200
18.40
-14.26% from price
EMA 12
14.65
+7.73% from price
EMA 26
14.28
+10.47% from price
EMA 50
14.53
+8.61% from price
MACD (12,26,9)
0.36
Hist 0.08
ATR (14)
0.87
5.48% of price
Realised vol 30D
90.2%
Annualised
Bollinger upper
16.59
20, 2σ
Bollinger lower
11.91
20, 2σ
50 / 200 cross
Death
13.88 vs 18.40
Trend bias
Below 200
-14.26%
Options chain Account required
Expiry Loading… Spot 15.78
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%
Free account required
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile Daily returns · 1Y window
Beta vs SPY
2.24
More volatile than market
Correlation to SPY
0.36
Loosely linked
Realised vol 30D
90.2%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-58.8%
Peak to trough
Max drawdown 5Y
-70.1%
Peak to trough
Beta (reported)
—
5Y monthly, from filing
Headlines IE.TO · links out to the publisher
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