Revenue
2012
2013
2014
2015
2016
2017
2018
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 · Dec 31 | 2018 · Sep 30 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $328,801 | $410,870 | $0 | $0 | $50,000 | $1.3M | $758,689 | $372,132 | $545,469 | $286,054 |
| Gross profit | — | — | — | — | $0 | $311,200 | $309,584 | $0 | −$133,316 | −$200,042 | $453,123 | $177,865 | −$97,017 | $488,118 | −$140,256 |
| Gross margin | — | — | — | — | — | 94.65% | 75.35% | — | — | −400.08% | 35.63% | 23.44% | −26.07% | 89.49% | −49.03% |
| Research & development | $3.7M | $2.9M | $4.8M | $13.3M | $17.9M | $3.3M | $1.1M | $1.1M | $2.1M | $2.0M | $1.7M | $1.0M | $2.5M | $2.0M | $2.6M |
| Operating expenses | $7.1M | $6.3M | $8.6M | $17.6M | $23.7M | $6.7M | $3.2M | $1.6M | $5.3M | $5.5M | $6.2M | $5.1M | $6.1M | $4.4M | $6.8M |
| Operating income | −$7.9M | −$7.0M | −$9.2M | −$18.4M | −$23.7M | −$6.4M | −$2.8M | −$1.6M | −$5.1M | −$5.2M | −$4.9M | −$4.3M | −$5.7M | — | — |
| Operating margin | — | — | — | — | — | −1,946.72% | −689.30% | — | — | −10,449.09% | −385.97% | −571.85% | −1,536.69% | — | — |
| EBITDA | −$7.8M | −$6.8M | −$9.0M | −$18.3M | −$23.6M | −$6.3M | −$2.8M | −$1.6M | −$4.9M | −$5.0M | −$4.8M | −$4.2M | −$5.6M | — | — |
| EBITDA margin | — | — | — | — | — | −1,929.22% | −688.14% | — | — | −10,090.45% | −374.21% | −550.83% | −1,494.15% | — | — |
| Net income | −$7.2M | −$6.2M | −$8.4M | −$17.5M | −$13.3M | −$6.4M | −$2.8M | −$1.5M | −$5.0M | −$5.0M | −$5.0M | −$2.8M | −$8.4M | −$14.5M | −$5.5M |
| Net profit margin | — | — | — | — | — | −1,935.34% | −675.82% | — | — | −10,061.30% | −395.23% | −374.73% | −2,267.88% | −2,657.49% | −1,932.95% |
| Basic EPSper basic share | -$1.27 | -$1.93 | -$2.93 | -$7.35 | -$7.70 | -$5.18 | -$3.85 | -$3.29 | -$12.32 | -$24.08 | -$27.93 | -$17.64 | -$54.39 | -$137.69 | -$63.70 |
| Diluted EPSper diluted share | -$1.27 | -$1.93 | -$2.93 | -$7.35 | -$7.70 | -$5.18 | -$3.85 | -$3.29 | -$12.32 | -$24.08 | -$27.93 | -$17.64 | -$54.39 | -$137.69 | -$63.70 |
Reported shareholders
| Holder | % owned |
|---|---|
Nijhawan Pardeep | ≈14.59%1.41M shares |
Velan Capital Investment Management LP | 8.59%827.5K shares |
Rubric Capital Management LP | 6.95%669.5K shares |
PERCEPTIVE ADVISORS LLC | 5.85%563.24K shares |
MILLENNIUM MANAGEMENT LLC | 5.83%561.75K shares |
Stonepine Capital Management, LLC | 4.74%456.44K shares |
Brooks Michael J | ≈3.03%291.48K shares |
Boxer Capital Management, LLC | 2.13%205K shares |
Weiler Peter J. | ≈1.35%129.61K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 0.85%81.84K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.84%80.88K shares |
JANE STREET GROUP, LLC | 0.75%72.47K shares |
Marshall Patrick | ≈0.75%72.13K shares |
Sistilli Carlo | ≈0.52%49.94K shares |
MacDonald Sean Arthur | ≈0.43%41.05K shares |
VANGUARD FIDUCIARY TRUST CO | 0.40%38.72K shares |
STATE STREET CORP | 0.39%37.98K shares |
XTX Topco Ltd | 0.37%35.35K shares |
HRT FINANCIAL LP | 0.33%31.53K shares |
Chypyha Joan | ≈0.31%30.03K shares |
Percentages use 9.63M 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 10, 2026Form 4 | Nijhawan PardeepChief Executive Officer | BuyCommon Shares | 1.0K | $6.60 | $6.6K | 628.8K |
| Mar 5, 2026Form 4 | Nijhawan PardeepChief Executive Officer | BuyCommon Shares · indirect | 10.0K | $3.90 | $39.0K | 402.7K |
| Mar 4, 2026Form 4 | Nijhawan PardeepChief Executive Officer | BuyCommon Shares · indirect | 10.0K | $4.26 | $42.6K | 392.7K |
| Mar 3, 2026Form 4 | Nijhawan PardeepChief Executive Officer | BuyCommon Shares · indirect | 10.0K | $3.63 | $36.3K | 382.7K |
| Mar 2, 2026Form 4 | Nijhawan PardeepChief Executive Officer | BuyCommon Shares · indirect | 1.0K | $2.28 | $2.3K | 372.7K |