Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $0 | $7,500 | $686,000 | $284,000 |
| Research & development | $4.8M | $4.7M | $3.6M | $6.1M |
| Operating expenses | $11.0M | $11.0M | $8.1M | $9.7M |
| Operating income | −$11.0M | −$11.0M | −$7.5M | −$9.5M |
| Operating margin | — | −146,468.53% | −1,086.09% | −3,328.73% |
| EBITDA | −$10.8M | −$10.9M | −$7.3M | −$9.3M |
| EBITDA margin | — | −144,719.36% | −1,067.19% | −3,284.41% |
| Net income | −$11.0M | −$9.0M | −$11.3M | −$10.7M |
| Net profit margin | — | −119,566.56% | −1,644.87% | −3,760.69% |
| Basic EPSper basic share | -$2.25 | -$15.70 | -$366.05 | -$2,547.15 |
| Diluted EPSper diluted share | -$2.25 | -$15.70 | -$366.05 | -$2,547.15 |
Reported shareholders
| Holder | % owned |
|---|---|
Dauntless Investment Group, LLC | 18.63%11.29M shares |
Stonepine Capital Management, LLC | 8.72%5.29M shares |
Nantahala Capital Management, LLC | 7.31%4.43M shares |
Salva Francisco D. | ≈6.74%4.09M shares |
JANE STREET GROUP, LLC | 0.41%248.43K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.16%95.41K shares |
CITADEL ADVISORS LLC | 0.14%86.24K shares |
Virtu Financial LLC | 0.11%64.94K shares |
UBS Group AG | 0.08%50.48K shares |
StoneX Group Inc. | 0.05%28.65K shares |
Tower Research Capital LLC (TRC) | 0.03%19.5K shares |
Corient Private Wealth LP | 0.02%14.45K shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.02%12.24K shares |
CITIGROUP INC | 0.01%6.15K shares |
BARCLAYS PLC | <0.01%1 shares |
Percentages use 60.6M 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 |
|---|---|---|---|---|---|---|
| Mar 18, 2026Form 4 | Salva Francisco D.President and CEO | BuySeries C Warrants · derivative | 4.06M | — | — | 4.06M |
| Mar 18, 2026Form 4 | Salva Francisco D.President and CEO | BuySeries B Warrants · derivative | 4.06M | — | — | 4.06M |
| Mar 18, 2026Form 4 | Salva Francisco D.President and CEO | BuySeries A Convertible Non-Redeemable Preferred Stock · derivative | 500 | — | — | 500 |