Revenue
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.3M | $14.5M | $24.7M | $23.8M | $47.4M | $42.7M | $42.9M |
| Gross profit | $6.6M | $6.7M | $11.1M | $11.6M | $19.0M | $20.6M | $19.8M |
| Gross margin | 53.66% | 46.42% | 44.67% | 48.80% | 40.14% | 48.17% | 46.08% |
| Research & development | $4.2M | $3.0M | $4.4M | $7.7M | $9.3M | $6.0M | $2.4M |
| Operating expenses | $33.5M | $37.4M | $41.6M | $46.8M | $42.1M | $34.2M | $28.2M |
| Operating income | −$26.9M | −$30.7M | −$30.5M | −$35.2M | −$23.0M | −$13.6M | −$8.4M |
| Operating margin | −218.91% | −212.29% | −123.36% | −147.55% | −48.60% | −31.86% | −19.60% |
| EBITDA | −$24.1M | −$27.3M | −$26.8M | −$31.5M | −$19.3M | −$9.7M | −$4.6M |
| EBITDA margin | −196.26% | −188.44% | −108.22% | −131.90% | −40.73% | −22.81% | −10.61% |
| Net income | $53.4M | −$53.9M | −$37.7M | −$32.9M | −$24.8M | −$21.8M | −$11.9M |
| Net profit margin | 434.23% | −372.91% | −152.18% | −137.94% | −52.40% | −51.13% | −27.83% |
| Basic EPSper basic share | $0.00 | -$1.86 | -$2.07 | -$2.38 | -$2.38 | -$8.88 | -$18.48 |
| Diluted EPSper diluted share | $0.87 | -$1.86 | -$2.07 | -$2.38 | -$2.38 | -$8.88 | -$18.48 |
Reported shareholders
| Holder | % owned |
|---|---|
HighCape Capital, L.P. / HighCape Co-Investment Vehicle II, LLC | ≈21.50%9.52M shares |
Nantahala Capital Management, LLC | 14.38%6.37M shares |
HighCape Partners QP II, L.P. / RAKIN KEVIN / HighCape Partners GP II, L.P. / HighCape Partners GP II, LLC | ≈11.53%5.11M shares |
AIGH Capital Management LLC | 6.09%2.7M shares |
Knollwood Investment Advisory, LLC | 5.77%2.56M shares |
SILVERARC CAPITAL MANAGEMENT, LLC | 4.95%2.19M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.58%1.14M shares |
PERKINS CAPITAL MANAGEMENT INC | 1.57%694.09K shares |
Ferguson Matthew | ≈1.08%480.08K shares |
Mills C Randal | ≈1.00%441.18K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.64%285.23K shares |
Corient Private Wealth LP | 0.57%253.5K shares |
RENAISSANCE TECHNOLOGIES LLC | 0.46%201.82K shares |
VANGUARD FIDUCIARY TRUST CO | 0.39%172.45K shares |
BlackRock, Inc. | 0.38%167.86K shares |
Birchview Capital, LP | 0.37%165.09K shares |
CITADEL ADVISORS LLC | 0.28%123.51K shares |
Rossmore Private Capital | 0.27%120K shares |
NEELS GUIDO J | ≈0.27%118.75K shares |
Williams Michelle LeRoux | ≈0.27%118.05K shares |
Percentages use 44.29M 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 |
|---|---|---|---|---|---|---|
| Jan 30, 2026Form 4 | NEELS GUIDO JDirector | BuyClass A Common Stock | 20.0K | $1.04 | $20.8K | 118.8K |
| Jan 30, 2026Form 4 | RAKIN KEVIN +3Director,TenPercentOwner | BuyClass A Common Stock | 70.0K | $1.06 | $74.2K | 196.1K |
| Jan 29, 2026Form 4 | NEELS GUIDO JDirector | BuyClass A Common Stock | 15.0K | $1.06 | $15.9K | 98.8K |
| Jan 28, 2026Form 4 | NEELS GUIDO JDirector | BuyClass A Common Stock | 15.0K | $1.06 | $15.9K | 83.8K |
| Dec 17, 2025Form 4 | HighCape Partners GP II, LLC +3TenPercentOwner | BuyClass A Common Stock · indirect | 50.0K | $0.52 | $26.0K | 322.4K |