Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 15.3M | 10.2M | — | — | — |
| Cost of Revenue | 1.5M | 1.9M | — | — | — |
| Gross Profit | 13.7M | 8.3M | — | — | — |
| Operating Expenses | |||||
| R&D Expense | 4.2M | 1.9M | 3.9M | 5.0M | 11.8M |
| SG&A Expense | 38.5M | 29.1M | 7.3M | 4.7M | 5.4M |
| General & Admin Expense | 11.4M | 27.3M | 7.2M | 4.7M | 5.4M |
| Selling & Marketing Expense | — | 1.8M | 97.5K | 19.8K | 42.6K |
| Other Expenses | 43.2K | 21.6K | 621.1K | (69.8K) | 807.2K |
| Total Operating Expenses | 42.8M | 31.0M | 11.9M | 9.6M | 18.1M |
| Cost and Expenses | 44.3M | 32.9M | 11.9M | 9.6M | 18.1M |
| Operating Income (EBIT) | (29.1M) | (22.7M) | (11.9M) | (9.6M) | (18.1M) |
| Non-Operating | |||||
| Interest Income | 1.9M | 1.9M | 161.7K | 6.8K | 2.6K |
| Interest Expense | — | — | 185.8K | 67.7K | 232.3K |
| Net Interest Income | 1.9M | 1.9M | (24.1K) | (60.9K) | (229.7K) |
| Other Non-Op Income/Expense | 5.6M | 2.0M | (2.8M) | (4.2M) | 1.8M |
| Non-Operating Income (excl Interest) | (1.4M) | — | 2.6M | 4.1M | (2.0M) |
| EBT (Pre-Tax Income) | (23.4M) | (20.7M) | (14.6M) | (13.8M) | (16.3M) |
| Income Tax Expense | — | — | — | — | — |
| Bottom Line | |||||
| Net Income | (23.4M) | (20.7M) | (14.6M) | (13.8M) | (16.3M) |
| Earnings from Cont. Ops | (23.4M) | (20.7M) | (14.6M) | (13.8M) | (16.3M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (23.2M) | (20.7M) | (14.6M) | (13.8M) | (16.3M) |
| Per Share | |||||
| Basic EPS | ($1.09) | ($1.17) | ($2.02) | ($3.84) | ($6.05) |
| Diluted EPS | ($1.11) | ($1.17) | ($2.02) | ($3.84) | ($6.05) |
| Revenue Per Share | $0.70 | $0.58 | $0.00 | $0.00 | $0.00 |
| Shares | |||||
| Basic Shares Outstanding | 21.8M | 17.7M | 7.2M | 3.6M | 2.7M |
| Diluted Shares Outstanding | 21.8M | 17.7M | 7.2M | 3.6M | 2.7M |
| Profitability Metrics | |||||
| EBITDA | (27.6M) | (22.7M) | (14.4M) | (13.6M) | (15.9M) |
| D&A | 84.7K | 58.6K | 81.2K | 84.5K | 122.2K |
| EBIT | (27.7M) | (22.7M) | (14.5M) | (13.7M) | (16.0M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026