Revenue
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.1M | $2.7M | $2.1M | $3.4M | $6.5M | $2.4M | $1.7M | $1.4M | $1.1M |
| Gross profit | $30.4M | $376,000 | −$3.5M | $395,000 | $1.9M | $427,000 | −$71,000 | −$238,000 | −$158,808 |
| Gross margin | 77.77% | 14.06% | −165.96% | 11.74% | 28.50% | 17.76% | −4.26% | −17.32% | −14.27% |
| Research & development | $16.5M | $7.8M | $7.5M | $7.1M | $5.2M | $4.6M | $5.4M | $4.9M | $3.7M |
| Operating expenses | $62.9M | $21.5M | $18.0M | $18.4M | $13.4M | $11.7M | $11.1M | $11.3M | $6.7M |
| Operating income | −$32.5M | −$21.1M | −$21.5M | −$18.0M | −$11.5M | −$11.3M | −$11.2M | −$11.6M | −$6.8M |
| Operating margin | −83.08% | −790.50% | −1,030.10% | −536.23% | −175.98% | −469.51% | −669.93% | −842.14% | −614.84% |
| EBITDA | −$22.1M | −$21.1M | −$21.4M | −$17.9M | −$11.4M | −$11.2M | −$11.1M | −$11.5M | −$6.8M |
| EBITDA margin | −56.63% | −787.88% | −1,025.40% | −532.60% | −174.77% | −466.76% | −666.45% | −839.08% | −609.48% |
| Net income | −$79.0M | −$51.4M | −$18.7M | −$16.2M | −$11.8M | −$12.7M | −$12.0M | −$67.4M | −$25.7M |
| Net profit margin | −202.09% | −1,922.55% | −898.75% | −479.97% | −180.71% | −528.49% | −722.57% | −4,902.26% | −2,305.35% |
| Basic EPSper basic share | -$0.52 | -$16.14 | -$476.31 | -$1,846,513.70 | -$23,435,063,488.53 | -$55,023,390,510.14 | -$284,027,623,078.64 | -$8,875,027,845,845.40 | -$67,623,078,636,667.40 |
| Diluted EPSper diluted share | -$0.52 | -$16.14 | -$476.31 | -$1,846,513.70 | -$23,435,063,488.53 | -$55,023,390,510.14 | -$284,027,623,078.64 | -$8,875,027,845,845.40 | -$67,623,078,636,667.40 |
Reported shareholders
| Holder | % owned |
|---|---|
Scilex Holding Co | ≈25.02%213.77M shares |
Vivasor, Inc. | ≈6.55%55.94M shares |
BRADLEY NATHANIEL T | ≈3.36%28.67M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.12%26.68M shares |
BlackRock, Inc. | 1.35%11.51M shares |
CHOI SONIA | ≈0.73%6.22M shares |
MOYER BRETT | ≈0.65%5.53M shares |
VANGUARD FIDUCIARY TRUST CO | 0.44%3.74M shares |
STATE STREET CORP | 0.36%3.11M shares |
UBS Group AG | 0.28%2.36M shares |
Mbugua Stanley | ≈0.24%2.05M shares |
Themes Management Co LLC | 0.21%1.79M shares |
NORTHERN TRUST CORP | 0.16%1.36M shares |
MORGAN STANLEY | 0.09%728.09K shares |
Balyasny Asset Management L.P. | 0.08%659.64K shares |
Kristensen Helge | ≈0.07%581.57K shares |
Gilbert Jeffrey M | ≈0.07%581.57K shares |
Peruvemba Sriram Krishnamurthy | ≈0.07%581.57K shares |
Tobias Robert | ≈0.07%581.57K shares |
Briskey Kimberly | ≈0.07%576.87K shares |
Percentages use 854.46M 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 11, 2026Form 4 | Wilson WendyDirector | SellCommon Stock | 25.9K | $0.39 | $10.1K | 555.7K |
| Jun 10, 2026Form 4 | Mbugua StanleySee Remarks | SellCommon Stock | 63.0K | $0.41 | $25.8K | 2.05M |
| May 7, 2026Form 4 | Vivasor, Inc.TenPercentOwner | SellCommon Stock, par value $0.0001 per share | 2.54M | $0.50 | $1.27M | 55.94M |
| May 6, 2026Form 4 | Vivasor, Inc.TenPercentOwner | SellCommon Stock, par value $0.0001 per share | 2.27M | $0.55 | $1.25M | 58.48M |
| May 5, 2026Form 4 | Vivasor, Inc.TenPercentOwner | SellCommon Stock, par value $0.0001 per share | 5.07M | $0.57 | $2.89M | 60.75M |