Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $10.2M | $0 | $0 | $0 |
| Gross profit | $9.6M | $0 | — | — |
| Gross margin | 94.10% | — | — | — |
| Research & development | $1.9M | $3.9M | $4.9M | $8.8M |
| Operating expenses | $32.9M | $12.0M | $9.9M | $13.5M |
| Operating income | −$22.7M | −$12.0M | −$9.9M | −$13.5M |
| Operating margin | −221.72% | — | — | — |
| EBITDA | −$22.6M | −$11.9M | −$9.9M | −$11.9M |
| EBITDA margin | −221.15% | — | — | — |
| Net income | −$20.7M | −$14.8M | −$13.8M | −$12.1M |
| Net profit margin | −202.24% | — | — | — |
| Basic EPSper basic share | -$1.17 | -$2.04 | -$3.84 | -$4.50 |
| Diluted EPSper diluted share | -$1.18 | -$2.04 | -$3.84 | -$4.50 |
Reported shareholders
| Holder | % owned |
|---|---|
Opaleye Management Inc. | 13.30%2.9M shares |
Solas Capital Management, LLC | 8.84%1.92M shares |
AWM Investment Company, Inc. | 7.68%1.67M shares |
Cable Car Capital, LP | 6.35%1.38M shares |
Ikarian Capital, LLC | 3.84%836.26K shares |
SPHERA FUNDS MANAGEMENT LTD. | 2.51%545.82K shares |
Alyeska Investment Group, L.P. | 1.68%365K shares |
HAVENS JOHN PRENTISS | ≈1.31%285.59K shares |
MERTZ LEONARD POWELL | ≈1.23%267.24K shares |
CAWKELL KENNETH ANTHONY | ≈1.04%225.72K shares |
Aristides Capital LLC | 1.00%218.51K shares |
CANTOR FITZGERALD, L. P. | 1.00%217.84K shares |
McFadden Michael E. | ≈0.94%204.69K shares |
BOOTHBAY FUND MANAGEMENT, LLC | 0.87%189.15K shares |
D'Angelo Lauren | ≈0.65%140.7K shares |
CITADEL ADVISORS LLC | 0.45%97.55K shares |
VILLERE ST DENIS J & CO LLC | 0.33%71.16K shares |
TUDOR INVESTMENT CORP ET AL | 0.28%61.6K shares |
ACT CAPITAL MANAGEMENT, LLC | 0.24%51.5K shares |
MERTZ PHILLIP JOSEPH | ≈0.19%42.26K shares |
Percentages use 21.77M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 26, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | BuyCommon Stock, no par value · indirect | 152.3K | $6.40 | $975.0K | 2.81M |
| Jun 25, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | BuyCommon Stock, no par value · indirect | 197 | $6.50 | $1.3K | 2.65M |
| Jun 15, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | BuyCommon Stock, no par value · indirect | 4.5K | $5.99 | $27.3K | 2.65M |
| Jun 12, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | BuyCommon Stock, no par value · indirect | 273 | $5.93 | $1.6K | 2.65M |
| Jun 11, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | BuyCommon Stock, no par value · indirect | 2.9K | $5.91 | $16.9K | 2.65M |