Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $18.9M | $4.9M | $40,355 | $0 | — |
| Gross profit | $8.6M | $2.6M | −$94,633 | $0 | — |
| Gross margin | 45.36% | 54.11% | −234.50% | — | — |
| Research & development | $3.9M | $3.3M | $1.5M | $2.4M | — |
| Operating expenses | $13.0M | $14.8M | $4.9M | $4.3M | — |
| Operating income | −$4.4M | −$12.2M | −$5.0M | −$4.3M | −$1.1M |
| Operating margin | −23.45% | −249.58% | −12,409.76% | — | — |
| EBITDA | −$4.3M | −$11.9M | −$4.5M | −$2.3M | — |
| EBITDA margin | −22.75% | −244.85% | −11,218.60% | — | — |
| Net income | −$21.1M | −$9.0M | −$6.1M | −$2.8M | −$1.1M |
| Net profit margin | −111.40% | −184.16% | −15,113.25% | — | — |
| Basic EPSper basic share | -$2.01 | -$2.13 | -$1.92 | -$1.80 | -$0.42 |
| Diluted EPSper diluted share | -$2.01 | -$2.13 | -$1.92 | -$1.80 | -$0.42 |
Reported shareholders
| Holder | % owned |
|---|---|
Lynrock Lake LP | 8.08%1.11M shares |
Alyeska Investment Group, L.P. | 5.10%702.78K shares |
Katz Avi S | ≈3.03%416.95K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.59%356.45K shares |
Bleichroeder LP | 2.30%316.67K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.98%135.42K shares |
CITADEL ADVISORS LLC | 0.83%114.1K shares |
PERKINS CAPITAL MANAGEMENT INC | 0.73%100K shares |
Stonepine Capital Management, LLC | 0.73%100K shares |
BlackRock, Inc. | 0.45%61.35K shares |
MILLENNIUM MANAGEMENT LLC | 0.40%55.34K shares |
Polar Asset Management Partners Inc. | 0.38%51.68K shares |
VANGUARD FIDUCIARY TRUST CO | 0.37%50.77K shares |
Blue Trust, Inc. | 0.17%24K shares |
NORTHERN TRUST CORP | 0.15%20.77K shares |
OXFORD FINANCIAL GROUP, LTD. LLC | 0.15%20.57K shares |
Sio Capital Management, LLC | 0.11%15.24K shares |
WELLS FARGO & COMPANY/MN | 0.05%6.88K shares |
UBS Group AG | 0.04%5.64K shares |
FIFTH THIRD BANCORP | 0.03%3.97K shares |
Percentages use 13.77M 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 22, 2026Form 4 | Katz Avi SCHAIRMAN | BuyCOMMON STOCK | 24.1K | $6.43 | $155.0K | 413.5K |
| Jan 22, 2026Form 4 | Katz Avi SCHAIRMAN | BuyPRIVATE WARRANT · derivative | 48.2K | $0.00 | $0.00 | 48.2K |
| Apr 9, 2025Form 4 | Katz Avi SChairman | BuyCommon Stock | 392.5K | $0.64 | $251.2K | 1.17M |
| Apr 9, 2025Form 4 | Katz Avi SChairman | BuySubscription Warrants (right to buy) · derivative | 784.9K | $0.00 | $0.00 | 784.9K |
| Apr 9, 2025Form 4 | Dinu RalucaChief Executive Officer | BuyCommon Stock | 392.5K | $0.64 | $251.2K | 1.17M |