Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $45,000 | — |
| Research & development | $9.7M | $8.9M | $13.0M | $7.3M | — |
| Operating expenses | $20.2M | $21.8M | $29.0M | $23.2M | $1.8M |
| Operating income | −$20.2M | −$21.8M | −$29.0M | −$23.1M | −$1.8M |
| Operating margin | — | — | — | −51,395.56% | — |
| EBITDA | −$18.6M | −$20.2M | −$28.6M | −$22.9M | — |
| EBITDA margin | — | — | — | −50,817.78% | — |
| Net income | −$19.9M | −$22.1M | −$29.2M | −$25.4M | $3.4M |
| Net profit margin | — | — | — | −56,504.44% | — |
| Basic EPSper basic share | -$95.20 | -$571.20 | -$3,327.36 | $5,740.80 | — |
| Diluted EPSper diluted share | -$95.20 | -$571.20 | -$3,327.36 | $5,740.80 | — |
Reported shareholders
| Holder | % owned |
|---|---|
Lincoln Alternative Strategies LLC | ≈35.05%730K shares |
Leftwich Scott | ≈7.04%146.63K shares |
GEODE CAPITAL MANAGEMENT, LLC | 5.50%114.55K shares |
Schoeneck James A | ≈4.06%84.51K shares |
HighTower Advisors, LLC | 4.01%83.52K shares |
Camaisa Allan | —76.95K shares |
JANE STREET GROUP, LLC | 2.61%54.27K shares |
Independent Advisor Alliance | 2.16%45K shares |
RS CRUM INC. | 2.08%43.24K shares |
Arax Advisory Partners | 1.79%37.35K shares |
Private Advisor Group, LLC | 1.44%30K shares |
Stewart Alan R. | ≈1.39%28.98K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 1.22%25.51K shares |
Poma Eric E | ≈1.20%25K shares |
Belpointe Asset Management LLC | 0.96%19.92K shares |
NORTHERN TRUST CORP | 0.85%17.76K shares |
MORGAN STANLEY | 0.64%13.24K shares |
RFG Advisory, LLC | 0.58%12K shares |
Farther Finance Advisors, LLC | 0.48%10K shares |
UBS Group AG | 0.38%7.88K shares |
Percentages use 2.08M 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 |
|---|---|---|---|---|---|---|
| Dec 12, 2025Form 4 | Camaisa AllanDirector | SellCommon Stock · indirect | 850 | $1.46 | $1.2K | 77.0K |
| Aug 21, 2025Form 4 | Schoeneck James ADirector | BuyCommon Stock | 75.0K | $2.00 | $150.0K | 76.1K |
| Aug 21, 2025Form 4 | Schoeneck James ADirector | BuyWarrant (right to buy) · derivative | 75.0K | — | — | 75.0K |
| Aug 21, 2025Form 4 | Poma Eric EChief Executive Officer | BuyCommon Stock | 25.0K | $2.00 | $50.0K | 25.0K |
| Aug 21, 2025Form 4 | Poma Eric EChief Executive Officer | BuyWarrant (right to buy) · derivative | 25.0K | — | — | 25.0K |