Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | — | — |
| Research & development | $15.2M | $14.5M | $15.9M | $8.3M | $18.9M | $21.0M | $30.6M |
| Operating expenses | $23.1M | $24.2M | $38.1M | $14.2M | $35.9M | $29.8M | $37.5M |
| Operating income | −$23.1M | −$24.2M | −$38.1M | −$14.2M | −$35.9M | −$29.8M | −$37.5M |
| EBITDA | −$23.1M | −$24.1M | −$38.0M | −$14.1M | −$35.4M | −$29.4M | −$37.2M |
| Net income | −$29.6M | −$13.7M | −$34.4M | −$7.8M | −$35.8M | −$27.5M | −$37.0M |
| Basic EPSper basic share | -$1.97 | -$1.22 | -$7.66 | -$111.16 | -$1.69 | -$5.25 | -$33.41 |
| Diluted EPSper diluted share | -$1.97 | -$1.22 | -$7.66 | -$111.16 | -$1.69 | -$5.25 | -$33.41 |
Reported shareholders
| Holder | % owned |
|---|---|
Middleton Fred A | ≈8.79%2.7M shares |
Woodline Partners LP | 8.10%2.49M shares |
Sanderling Venture Partners VI LP / Sanderling Ventures Management VII / Sanderling VI Limited Partnership / Sanderling Ventures VII (Canada), L.P. / Sanderling Venture Partners VI Co Investment Fund LP / Sanderling Ventures VII, L.P. / Sanderling VI Beteiligungs GmbH & Co KG / Sanderling Ventures Management VI / Sanderling Ventures VII Annex Fund, L.P. | ≈7.83%2.41M shares |
WILSON ROBERT N | ≈5.22%1.6M shares |
HEIGHTS CAPITAL MANAGEMENT, INC | 5.06%1.56M shares |
Roberts Eric W | ≈4.07%1.25M shares |
STEMPOINT CAPITAL LP | 4.05%1.24M shares |
Squadron Capital Management LLC | 4.05%1.24M shares |
Leheny A. Rachel | ≈3.45%1.06M shares |
Stonepine Capital Management, LLC | 2.03%622.43K shares |
L1 Global Manager Pty Ltd | 0.81%248.97K shares |
Hebbar Sudarshan | ≈0.61%186.03K shares |
MORGAN STANLEY | 0.47%143.25K shares |
Cambridge Investment Research Advisors, Inc. | 0.39%120K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.36%110.48K shares |
RENAISSANCE TECHNOLOGIES LLC | 0.32%97.3K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 0.29%88.96K shares |
180 WEALTH ADVISORS, LLC | 0.27%83.4K shares |
XTX Topco Ltd | 0.25%78.29K shares |
HRT FINANCIAL LP | 0.15%46.83K shares |
Percentages use 30.74M 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 25, 2026Form 4 | Middleton Fred ADirector,TenPercentOwner | BuyCommon Stock · indirect | 249.0K | $0.80 | $199.2K | 1.06M |
| Sep 18, 2025Form 4 | Roberts Eric WCHIEF BUSINESS OFFICER | BuyCommon Stock · indirect | 2.5K | $3.07 | $7.7K | 84.2K |
| Sep 15, 2025Form 4 | Roberts Eric WCHIEF BUSINESS OFFICER | BuyCommon Stock · indirect | 3.4K | $2.68 | $9.1K | 81.7K |
| Sep 12, 2025Form 4 | Roberts Eric WCHIEF BUSINESS OFFICER | BuyCommon Stock · indirect | 5.0K | $3.12 | $15.6K | 78.3K |
| Sep 9, 2025Form 4 | Roberts Eric WCHIEF BUSINESS OFFICER | BuyCommon Stock · indirect | 2.3K | $3.15 | $7.4K | 73.3K |