Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $5.0M | $4.2M | $8.8M | $6.0M |
| Gross profit | $1.8M | $2.7M | $6.0M | $4.0M |
| Gross margin | 35.88% | 63.75% | 68.67% | 65.32% |
| Research & development | $3.3M | $2.6M | $2.0M | $1.8M |
| Operating expenses | $19.0M | $10.5M | $5.7M | $4.3M |
| Operating income | −$17.2M | −$7.8M | $289,000 | −$376,000 |
| Operating margin | −340.93% | −183.49% | 3.30% | −6.22% |
| EBITDA | −$15.8M | −$7.7M | $302,000 | −$375,987 |
| EBITDA margin | −313.44% | −181.18% | 3.45% | −6.22% |
| Net income | −$49.1M | −$1.4M | −$339,000 | −$507,000 |
| Net profit margin | −972.73% | −32.26% | −3.87% | −8.38% |
| Basic EPSper basic share | -$0.40 | -$0.02 | -$0.01 | -$0.01 |
| Diluted EPSper diluted share | -$0.40 | -$0.02 | -$0.01 | -$0.01 |
Reported shareholders
| Holder | % owned |
|---|---|
Huang Zhenwu | ≈16.55%30.53M shares |
BlackRock, Inc. | 8.23%15.18M shares |
Huang Zhenqiang | ≈4.40%8.11M shares |
MARSHALL WACE, LLP | 3.66%6.75M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.57%6.58M shares |
STATE STREET CORP | 3.26%6.01M shares |
Davidson Kempner Capital Management LP | 2.71%5M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.49%4.59M shares |
MILLENNIUM MANAGEMENT LLC | 1.66%3.07M shares |
King Bliss Ltd | ≈0.94%1.73M shares |
UBS Group AG | 0.90%1.66M shares |
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.89%1.64M shares |
BANK OF AMERICA CORP /DE/ | 0.87%1.6M shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.83%1.54M shares |
NORTHERN TRUST CORP | 0.80%1.47M shares |
Zheng Phil | ≈0.75%1.38M shares |
Themes Management Co LLC | 0.72%1.33M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 0.68%1.26M shares |
TWO SIGMA INVESTMENTS, LP | 0.61%1.12M shares |
VANGUARD FIDUCIARY TRUST CO | 0.57%1.04M shares |
Percentages use 184.45M 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 |
|---|---|---|---|---|---|---|
| Feb 19, 2026Form 4 | Casella Matthew G.Other | SellCommon Shares Class B | 12.5K | $2.68 | $33.5K | 0 |
| Feb 17, 2026Form 4 | Casella Matthew G.Other | SellCommon Stock B Shares | 20.0K | $2.79 | $55.8K | 0 |
| Feb 13, 2026Form 4 | Casella Matthew G.Other | SellCommon Stock B Shares | 40.0K | $3.00 | $120.0K | 20.0K |
| Oct 1, 2025Form 4 | Huang ZhenwuChief Executive Officer | BuyClass A Common Stock | 200.0K | — | — | 30.11M |
| Oct 1, 2025Form 4 | Zheng PhilChief Operating Officer | BuyClass B Common Stock | 200.0K | — | — | 1.20M |