Revenue
2024
2025
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $1.9M | $2.7M | — | — |
| Gross profit | $1.3M | $1.3M | — | — |
| Gross margin | 70.26% | 46.84% | — | — |
| Research & development | $69.1M | $51.5M | — | — |
| Operating expenses | $95.2M | $79.6M | — | — |
| Operating income | −$93.9M | −$78.4M | — | — |
| Operating margin | −4,908.21% | −2,899.45% | — | — |
| EBITDA | −$92.2M | −$76.9M | — | — |
| EBITDA margin | −4,821.38% | −2,843.69% | — | — |
| Net income | −$94.1M | −$76.3M | — | — |
| Net profit margin | −4,921.28% | −2,822.46% | — | — |
| Basic EPSper basic share | -$2.55 | -$3.68 | -$2.94 | -$2.26 |
| Diluted EPSper diluted share | -$2.55 | -$3.68 | -$2.94 | -$2.26 |
Reported shareholders
| Holder | % owned |
|---|---|
Medtronic plc | ≈16.07%15.65M shares |
L1 Capital Pty Ltd | 8.00%7.79M shares |
FMR LLC | 7.05%6.87M shares |
Nantahala Capital Management, LLC | 6.95%6.77M shares |
BlackRock, Inc. | 5.92%5.77M shares |
Sio Capital Management, LLC | 5.69%5.55M shares |
PERCEPTIVE ADVISORS LLC | 3.52%3.43M shares |
ADAR1 Capital Management, LLC | 3.23%3.15M shares |
BVF INC/IL | 3.08%3M shares |
RA CAPITAL MANAGEMENT, L.P. | 3.08%3M shares |
Ensign Peak Advisors, Inc | 2.45%2.39M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.16%2.1M shares |
STATE STREET CORP | 1.75%1.71M shares |
Rhenman & Partners Asset Management AB | 1.58%1.54M shares |
Assenagon Asset Management S.A. | 1.32%1.29M shares |
Vestal Point Capital, LP | 1.04%1.01M shares |
Affinity Asset Advisors, LLC | 0.94%912.4K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 0.90%879.78K shares |
MONTANOVA CAPITAL, LLC | 0.87%850K shares |
UBS Group AG | 0.77%752.17K shares |
Percentages use 97.41M 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 2, 2026Form 4 | Knight Susan ElizabethDirector | BuyCommon Stock | 11.0K | $9.29 | $102.2K | 11.0K |
| Jan 22, 2026Form 4 | L1 Capital Pty LtdTenPercentOwner | BuyCommon Stock · indirect | 5.00M | $5.75 | $28.75M | 13.22M |
| Oct 28, 2025Form 4 | L1 Capital Pty LtdTenPercentOwner | BuyCHESS Depository Interests · derivative · indirect | 1.33M | $4.94 | $6.59M | 1.33M |