Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $1.1M | $43,000 | $0 | $0 | — | — |
| Gross profit | $796,000 | $43,000 | $0 | — | — | — |
| Gross margin | 70.88% | 100.00% | — | — | — | — |
| Research & development | $6.3M | $6.0M | $5.7M | $4.3M | $3.0M | $2.4M |
| Operating expenses | $13.3M | $11.0M | $11.4M | $9.9M | $5.7M | $3.2M |
| Operating income | −$12.5M | −$11.0M | −$11.4M | −$9.9M | −$5.7M | −$3.2M |
| Operating margin | −1,113.98% | −25,511.63% | — | — | — | — |
| EBITDA | −$10.5M | −$11.0M | −$11.4M | −$9.9M | — | — |
| EBITDA margin | −935.89% | −25,511.63% | — | — | — | — |
| Net income | −$11.2M | −$8.8M | −$10.2M | −$9.9M | −$6.3M | −$3.8M |
| Net profit margin | −994.48% | −20,497.67% | — | — | — | — |
| Basic EPSper basic share | -$0.32 | -$0.40 | -$0.99 | -$1.09 | -$1.21 | -$1.72 |
| Diluted EPSper diluted share | -$0.32 | -$0.40 | -$0.99 | -$1.09 | -$1.21 | -$1.72 |
Reported shareholders
| Holder | % owned |
|---|---|
AIGH Capital Management LLC | 9.76%4.41M shares |
Bleichroeder LP | 3.69%1.67M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.20%1.44M shares |
Agah Ramtin | ≈1.77%798.46K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.94%424.15K shares |
Bagai Shaun | ≈0.81%364.34K shares |
Wealthspire Advisors, LLC | 0.56%252.53K shares |
VANGUARD FIDUCIARY TRUST CO | 0.53%240.33K shares |
VOLL MARK | ≈0.53%239.58K shares |
CITADEL ADVISORS LLC | 0.30%133.6K shares |
RYAN UNA S | ≈0.22%97.17K shares |
Chicago Partners Investment Group LLC | 0.20%92.36K shares |
NORTHERN TRUST CORP | 0.19%85.21K shares |
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 0.17%74.6K shares |
Caprock Group, LLC | 0.14%63.94K shares |
JANE STREET GROUP, LLC | 0.10%46.4K shares |
Kestra Advisory Services, LLC | 0.08%35.52K shares |
TWO SIGMA SECURITIES, LLC | 0.08%34.79K shares |
XTX Topco Ltd | 0.07%29.98K shares |
Clear Creek Financial Management, LLC | 0.06%29.06K shares |
Percentages use 45.12M 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 |
|---|---|---|---|---|---|---|
| May 19, 2026Form 4 | VOLL MARKChief Financial Officer | BuyCommon Stock | 25.0K | $0.79 | $19.8K | 142.4K |
| Mar 20, 2026Form 4 | Marton LaurenceDirector | BuyCommon Stock · indirect | 9.7K | — | — | 9.7K |
| Mar 20, 2026Form 4 | Marton LaurenceDirector | BuyWarrants · derivative · indirect | 4.9K | — | — | 4.9K |
| Mar 20, 2026Form 4 | Bagai ShaunChief Executive Officer | BuyCommon Stock · indirect | 24.3K | — | — | 313.4K |
| Mar 20, 2026Form 4 | Bagai ShaunChief Executive Officer | BuyWarrants · derivative · indirect | 12.2K | — | — | 12.2K |