Revenue
2023
2024
2025
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $12.5M | $23.4M | $50.7M |
| Gross profit | −$3.1M | −$1.4M | $2.3M |
| Gross margin | −24.81% | −5.97% | 4.61% |
| Research & development | — | $231,735 | $363,441 |
| Operating expenses | $6.1M | $6.1M | $3.7M |
| Operating income | −$9.2M | −$7.5M | −$1.4M |
| Operating margin | −74.04% | −32.20% | −2.70% |
| EBITDA | −$9.2M | −$7.5M | −$1.4M |
| EBITDA margin | −73.96% | −32.17% | −2.69% |
| Net income | −$12.2M | −$14.7M | −$4.4M |
| Net profit margin | −97.66% | −63.04% | −8.74% |
| Basic EPSper basic share | -$0.55 | -$0.77 | -$1.80 |
| Diluted EPSper diluted share | -$0.55 | -$0.77 | -$1.80 |
Reported shareholders
| Holder | % owned |
|---|---|
JPMorgan Chase Funding Inc. / JPMORGAN CHASE & CO | ≈25.62%2.25M shares |
Sealock David | ≈3.13%275.07K shares |
WOMACK LEO B | ≈2.66%233.33K shares |
Palin Todd | ≈2.66%233.33K shares |
LAUN MARCUS G | —216.62K shares |
FLEMMING MATTHEW C | —102.35K shares |
UBS Group AG | 0.57%50.18K shares |
Monje Alexander | ≈0.57%50K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 0.37%32.73K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.37%32.59K shares |
Hussein Omar Ayaz | ≈0.34%30K shares |
Byrne Robert Francis | ≈0.34%30K shares |
Delwo Darryl | ≈0.17%15K shares |
STATE STREET CORP | 0.13%11.2K shares |
VANGUARD FIDUCIARY TRUST CO | 0.13%11.18K shares |
StoneX Group Inc. | 0.12%10.52K shares |
BANK OF MONTREAL /CAN/ | 0.11%10K shares |
Financial Management Professionals, Inc. | 0.10%8.9K shares |
Tower Research Capital LLC (TRC) | 0.04%3.75K shares |
MCGUIRE CAPITAL ADVISORS INC | 0.02%2K shares |
Percentages use 8.78M 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 |
|---|---|---|---|---|---|---|
| Dec 1, 2025Form 4 | Sealock DavidOther | SellCommon Shares | 40.5K | $0.41 | $16.6K | 275.1K |
| Nov 26, 2025Form 4 | Sealock DavidOther | SellCommon Shares | 100.0K | $0.35 | $35.0K | 315.6K |
| Nov 25, 2025Form 4 | Sealock DavidOther | SellCommon Shares | 100.0K | $0.37 | $37.0K | 415.6K |
| Nov 7, 2025Form 4 | Sealock DavidOther | SellCommon Shares | 38.1K | $0.40 | $15.2K | 477.5K |
| Nov 5, 2025Form 4 | Sealock DavidOther | SellCommon Shares | 20.4K | $0.41 | $8.4K | 515.6K |