ACRS Stock Price Chart
Daily OHLCV with technical indicators — pan, zoom, and customize your view
04
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$8M2017-12-31 → 2025-12-31
EPS$-0.532019-12-31 → 2025-12-31
Free Cash Flow$-47M2016-12-31 → 2025-12-31
Net margin-921.5%2017-12-31 → 2025-12-31
Valuation & Ratios07–12
Valuation
P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ACRS
5Y avg
Peer Median
Verdict
P/E (TTM)
-7.65Y avg ≈-5.8
≈-5.8
·
·
P/S (TTM)
74.75Y avg ≈46.0
≈46.0
4.9
Overvalued
P/B (MRQ)
4.95Y avg ≈3.1
≈3.1
3.8
Overvalued
Price / FCF (TTM)
-9.95Y avg ≈-10.8
≈-10.8
·
·
Price / Cash Flow (TTM)
-9.95Y avg ≈-10.9
≈-10.9
·
·
Price / Tangible Book
5.15Y avg ≈3.2
≈3.2
·
·
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability
Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ACRS
5Y avg
Peer Median
Verdict
Operating Margin (TTM)
-1050.2%5Y avg ≈-734.9%
≈-734.9%
-1.8%
Weak
EBITDA Margin (TTM)
-1045.0%5Y avg ≈-729.1%
≈-729.1%
1.8%
Weak
Pretax Margin
-829.6%5Y avg ≈-691.1%
≈-691.1%
7.1%
Weak
Net Profit Margin (TTM)
-921.5%5Y avg ≈-690.9%
≈-690.9%
-7.5%
Weak
ROA (TTM)
-41.1%5Y avg ≈-45.5%
≈-45.5%
-8.5%
Weak
ROE (TTM)
-59.1%5Y avg ≈-57.9%
≈-57.9%
51.1%
Weak
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ACRS
5Y avg
Peer Median
Verdict
Current Ratio (MRQ)
3.55Y avg ≈6.2
≈6.2
3.0
In line
Quick Ratio
0.75Y avg ≈1.2
≈1.2
2.0
Low liquidity
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ACRS
5Y avg
Peer Median
Verdict
Revenue YoY
-58.2%5Y avg ≈50.2%
≈50.2%
·
·
Revenue CAGR 3Y
-35.9%5Y avg ≈24.5%
≈24.5%
·
·
Revenue CAGR 5Y
3.8%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
ACRS
5Y avg
Peer Median
Verdict
EPS (Diluted)
$-0.535Y avg ≈$-1.29
≈$-1.29
·
·
Revenue / Share
$0.065Y avg ≈$0.27
≈$0.27
·
·
Cash Flow / Share
$-0.385Y avg ≈$-0.74
≈$-0.74
·
·
Cash / Share
$0.175Y avg ≈$0.42
≈$0.42
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ACRS
5Y avg
Peer Median
Verdict
Asset Turnover
0.05Y avg ≈0.1
≈0.1
0.5
Weak
Revenue / Employee
≈$113.4K
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise4.5%
Next ReportNov 04, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 12, 2026
$-0.15
$-0.16
8.1%
March 31, 2026
May 12, 2026
$-0.15
$-0.16
6.8%
Dec. 31, 2025
$-0.16
$-0.15
-4.6%
Sept. 30, 2025
$-0.12
$-0.14
12.9%
June 30, 2025
$-0.13
$-0.14
4.1%
March 31, 2025
$-0.12
$-0.12
-0.08%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement17
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
$8M
$19M
$31M
$30M
$7M
$6M
$4M
$6M
$2M
Cost of Revenue
$2M
$3M
$3M
$4M
$5M
$5M
$4M
$4M
$1M
Gross Profit
·
·
·
·
·
·
·
$3M
$476.0K
R&D Expense
$53M
$34M
$98M
$78M
$44M
$29M
$64M
$61M
$36M
SG&A Expense
$22M
$22M
$32M
$25M
$24M
$21M
$28M
$26M
$19M
Operating Expenses
$84M
$161M
$129M
$120M
$96M
$57M
$115M
$91M
$56M
Operating Income
$-76M
$-142M
$-97M
$-90M
$-90M
$-51M
$-111M
$-85M
$-54M
Interest Income
$8M
$8M
$9M
·
·
·
·
·
·
Other Non-op
$11M
$10M
$9M
$3M
$-1M
$-424.0K
$-2M
$3M
$2M
Pretax Income
$-65M
$-132M
$-89M
$-87M
$-91M
$-51M
$-114M
$-82M
$-70M
Income Tax
·
·
$-367.0K
·
·
$-182.0K
·
·
$-2M
Net Income
$-65M
$-132M
$-88M
$-87M
$-91M
$-51M
$-161M
$-133M
$-69M
EPS (Basic)
$-0.53
$-1.71
$-1.27
$-1.33
$-1.60
$-1.20
$-3.90
·
·
EPS (Diluted)
$-0.53
$-1.71
$-1.27
$-1.33
$-1.60
$-1.20
$-3.90
·
·
Shares (Basic)
122,564,741
77,296,665
69,808,855
65,213,944
56,730,583
42,539,293
41,323,921
·
·
Shares (Diluted)
122,564,741
77,296,665
69,808,855
65,213,944
56,730,583
42,539,293
41,323,921
·
·
EBITDA
$-76M
$-141M
$-96M
$-89M
$-89M
$-50M
$-105M
$-134M
$-72M
Balance Sheet27
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Cash & Equivalents
$20M
$25M
$40M
$45M
$27M
$22M
$34M
$168M
$20M
Receivables
·
$318.0K
$298.0K
$484.0K
$623.0K
$772.0K
$704.0K
$563.0K
$481.0K
Inventory
·
·
·
·
·
·
$0
$791.0K
·
Prepaid Expense
·
$12M
$9M
$13M
$13M
$3M
$3M
$5M
$6M
Current Assets
$96M
$126M
$129M
$232M
$205M
$57M
$84M
$179M
$200M
PP&E (Net)
$761.0K
$1M
$2M
$1M
$1M
$2M
$2M
$2M
$2M
PP&E (Gross)
·
$6M
$6M
$5M
$5M
$4M
$5M
$4M
$3M
Accum. Depreciation
·
$5M
$4M
$4M
$3M
$3M
$2M
$1M
$480.0K
Goodwill
·
·
·
·
·
·
·
$19M
$19M
Intangibles
·
·
$269.0K
$7M
$7M
$7M
$7M
$7M
$7M
Other Non-current Assets
$3M
$3M
$4M
$3M
$4M
$5M
$5M
$332.0K
$279.0K
Total Assets
$160M
$220M
$197M
$255M
$251M
$71M
$98M
$276M
$244M
Accounts Payable
$13M
$5M
$9M
$10M
$10M
$5M
$10M
$12M
$8M
Accrued Liabilities
$9M
$20M
$19M
$9M
$10M
$6M
$8M
$8M
$5M
Current Liabilities
$29M
$32M
$31M
$22M
$23M
$15M
$22M
$27M
$13M
Capital Leases
$2M
$2M
$3M
$2M
$2M
$3M
$4M
·
·
Deferred Tax
·
·
·
$367.0K
$367.0K
$367.0K
$549.0K
$549.0K
$549.0K
Other Non-current Liabilities
$2M
$4M
$3M
$2M
$2M
$3M
$4M
$476.0K
$558.0K
Total Liabilities
$57M
$65M
$40M
$57M
$54M
$33M
$28M
$60M
$18M
Long-term Debt
·
·
·
·
·
$11M
·
$30M
·
Common Stock
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
·
·
·
·
Paid-in Capital
$1.07B
$1.06B
$928M
$881M
$793M
$542M
$524M
$507M
$385M
Retained Earnings
$-968M
$-903M
$-771M
$-682M
$-595M
$-505M
$-454M
$-292M
$-159M
AOCI
$610.0K
$97.0K
$-106.0K
$-897.0K
$-224.0K
$-94.0K
$-66.0K
$-69.0K
$-246.0K
Stockholders' Equity
$103M
$156M
$157M
$198M
$197M
$38M
$70M
$215M
$225M
Liabilities + Equity
$160M
$220M
$197M
$255M
$251M
$71M
$98M
$276M
$244M
Shares Outstanding
120,499,433
107,850,124
70,894,889
66,688,647
61,228,446
45,109,314
41,485,638
41,210,725
30,856,505
Cash Flow11
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
D&A
$454.0K
$807.0K
$863.0K
$797.0K
$923.0K
$1M
$6M
$2M
$402.0K
Stock-based Comp
$12M
$11M
$21M
$15M
$14M
$11M
$16M
$20M
$14M
Amort. of Intangibles
·
·
$75.0K
$75.0K
$75.0K
$75.0K
$75.0K
$75.0K
$31.0K
Restructuring
·
·
$3M
·
·
·
·
·
·
Other Non-cash
$5M
$100M
$-11M
$4M
$24M
$-149.0K
$42M
$10M
$-972.0K
Operating Cash Flow
$-47M
$-20M
$-78M
$-68M
$-52M
$-39M
$-96M
$-101M
$-55M
CapEx
$111.0K
$121.0K
$1M
$605.0K
$308.0K
$453.0K
$2M
$1M
$1M
Investing Cash Flow
$48M
$-70M
$46M
$13M
$-168M
$6M
$106M
$9M
$-56M
Financing Cash Flow
$-6M
$75M
$27M
$73M
$225M
$18M
$-30M
$128M
$100M
Net Change in Cash
$-5M
$-15M
$-5M
$18M
$5M
$-14M
$-21M
$37M
$-10M
Free Cash Flow
$-47M
$-20M
$-80M
$-68M
$-52M
$-39M
$-98M
$-102M
$-56M
Profitability8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Gross Margin
·
·
·
·
·
·
·
32.1%
28.3%
Operating Margin
-975.9%
-758.2%
-311.6%
-302.0%
-1327.1%
-785.4%
-2627.3%
-1341.9%
-4303.2%
Net Margin
-829.6%
-705.5%
-283.2%
-292.1%
-1344.0%
-787.0%
-3817.2%
-1315.4%
-4071.5%
Pretax Margin
-829.6%
-705.5%
-284.3%
-292.1%
-1344.0%
-792.0%
-3817.2%
-1315.4%
-4180.2%
EBITDA Margin
-970.1%
-753.9%
-308.8%
-299.3%
-1313.4%
-765.0%
-2475.7%
-1323.3%
-4279.3%
ROA
-34.1%
-63.2%
-39.1%
-34.4%
-56.4%
-60.3%
-86.3%
-51.1%
-32.7%
ROE
-55.3%
-92.5%
-56.5%
-41.6%
-43.9%
-130.1%
-207.9%
-73.5%
-34.7%
ROIC
·
·
-61.7%
·
·
-134.8%
·
·
-31.3%
Liquidity & Solvency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Current Ratio
3.4
4.0
4.2
10.6
8.9
3.9
3.7
6.6
15.7
Quick Ratio
0.7
0.8
1.3
2.1
1.2
1.5
3.4
6.3
1.6
Efficiency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Asset Turnover
0.0
0.1
0.1
0.1
0.0
0.1
0.0
0.0
0.0
Inventory Turnover
·
·
·
·
·
·
10.3
17.3
·
Receivables Turnover
·
60.8
79.9
53.8
9.7
8.8
6.7
3.8
7.0
Per Share5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Book Value / Share
$0.86
$1.44
$2.22
$2.96
$3.22
$0.83
$1.69
$5.22
$7.31
Revenue / Share
$0.06
$0.24
$0.45
$0.46
$0.12
·
·
·
·
Cash Flow / Share
$-0.38
$-0.26
$-1.12
$-1.04
$-0.92
·
·
·
·
Cash / Share
$0.17
$0.23
$0.56
$0.68
$0.45
$0.49
$1.81
$4.08
$0.66
EPS (TTM)
$-0.53
$-1.71
$-1.27
$-1.33
$-1.60
$-1.20
$-3.90
·
·
Growth Rates3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue YoY
-58.2%
-40.1%
5.0%
340.1%
4.3%
·
·
·
·
Revenue CAGR 3Y
-35.9%
40.4%
68.9%
·
·
·
·
·
·
Revenue CAGR 5Y
3.8%
·
·
·
·
·
·
·
·
Valuation (TTM)10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue TTM
$8M
$19M
$31M
$30M
$7M
$6M
$4M
$6M
$2M
Net Income TTM
$-65M
$-132M
$-88M
$-87M
$-91M
$-51M
$-161M
$-133M
$-69M
Market Cap
$363M
$267M
$74M
$1.05B
$890M
$292M
$78M
$305M
$760M
P/E
-5.7
-1.5
-0.8
-11.8
-9.1
-5.4
-0.5
·
·
P/S
46.3
14.3
2.4
35.3
131.7
45.0
18.5
49.5
451.8
P/B
3.5
1.7
0.5
5.3
4.5
7.8
1.1
1.4
3.4
P / Tangible Book
3.5
1.7
0.5
5.5
4.7
9.6
·
·
·
P / Cash Flow
-7.7
-13.3
-1.0
-15.5
-17.1
-7.6
-0.8
-3.0
-13.9
P / FCF
-7.7
-13.2
-0.9
-15.4
-17.0
-7.5
-0.8
-3.0
-13.6
Earnings Yield
-17.6%
-69.0%
-121.0%
-8.4%
-11.0%
-18.6%
-206.3%
·
·
Income Statement15
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue
$2M
$2M
$1M
$3M
$2M
$1M
$9M
$4M
$3M
$2M
$18M
$9M
$2M
$3M
$8M
$19M
Cost of Revenue
$218.0K
$395.0K
$532.0K
$538.0K
$515.0K
$506.0K
$705.0K
$654.0K
$624.0K
$809.0K
$725.0K
$848.0K
$1M
$808.0K
$877.0K
$923.0K
R&D Expense
$18M
$16M
$17M
$13M
$11M
$12M
$9M
$6M
$9M
$10M
$27M
$24M
$25M
$23M
$21M
$24M
SG&A Expense
$6M
$7M
$6M
$5M
$5M
$6M
$5M
$6M
$5M
$7M
$8M
$7M
$8M
$9M
$7M
$6M
Operating Expenses
$26M
$24M
$24M
$20M
$20M
$20M
$109M
$15M
$16M
$21M
$22M
$41M
$34M
$32M
$37M
$40M
Operating Income
$-24M
$-22M
$-23M
$-17M
$-18M
$-18M
$-100M
$-10M
$-13M
$-19M
$-4M
$-32M
$-32M
$-30M
$-29M
$-21M
Interest Income
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
·
·
·
·
Other Non-op
$3M
$2M
$3M
$3M
$3M
$3M
$3M
$3M
$2M
$2M
$2M
$2M
$2M
$2M
$1M
$922.0K
Pretax Income
·
·
$-20M
$-15M
$-15M
$-15M
$-97M
$-8M
$-11M
$-17M
·
·
·
·
·
·
Net Income
$-22M
$-20M
$-20M
$-15M
$-15M
$-15M
$-97M
$-8M
$-11M
$-17M
$-1M
$-29M
$-30M
$-28M
$-28M
$-20M
EPS (Basic)
$-0.15
$-0.15
$-0.16
$-0.12
$-0.13
$-0.12
$-1.21
$-0.11
$-0.15
$-0.24
$-0.02
$-0.41
$-0.42
$-0.42
$-0.41
$-0.30
EPS (Diluted)
$-0.15
$-0.15
$-0.16
$-0.12
$-0.13
$-0.12
$-1.21
$-0.11
$-0.15
$-0.24
$-0.02
$-0.41
$-0.42
$-0.42
$-0.41
$-0.30
Shares (Basic)
142,736,848
128,810,050
·
122,619,311
122,580,967
122,390,303
·
71,381,731
71,291,400
71,074,858
·
70,807,934
70,633,528
66,872,778
·
66,675,337
Shares (Diluted)
142,736,848
128,810,050
·
122,619,311
122,580,967
122,390,303
·
71,381,731
71,291,400
71,074,858
·
70,807,934
70,633,528
66,872,778
·
66,675,337
EBITDA
$-24M
$-22M
·
$-17M
$-18M
$-18M
·
$-10M
$-13M
$-19M
·
$-32M
$-32M
$-30M
·
$-21M
Balance Sheet24
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Cash & Equivalents
$19M
$29M
$20M
$25M
$25M
$30M
$25M
$48M
$23M
$36M
$40M
$39M
$31M
$45M
$45M
$62M
Receivables
·
·
·
·
$194.0K
$250.0K
·
$343.0K
$325.0K
$373.0K
$298.0K
$346.0K
$431.0K
$686.0K
$484.0K
$597.0K
Prepaid Expense
·
·
·
·
$4M
$3M
·
$4M
$6M
$7M
$9M
$20M
$13M
$13M
$13M
$8M
Current Assets
$98M
$110M
$96M
$101M
$104M
$109M
$126M
$132M
$118M
$135M
$129M
$123M
$133M
$184M
$232M
$257M
PP&E (Net)
$664.0K
$750.0K
$761.0K
$811.0K
$868.0K
$942.0K
$1M
$1M
$1M
$2M
$2M
$2M
$2M
$2M
$1M
$1M
PP&E (Gross)
·
·
·
$6M
$6M
$6M
·
$6M
$6M
$6M
$6M
$6M
$6M
$6M
$5M
$5M
Accum. Depreciation
·
·
·
$5M
$5M
$5M
·
$5M
$5M
$4M
$4M
$5M
$4M
$4M
$4M
$4M
Intangibles
·
·
·
·
·
·
·
·
·
·
·
$7M
$7M
$7M
$7M
$7M
Other Non-current Assets
$2M
$2M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$4M
$4M
$3M
$3M
$3M
$3M
$3M
Total Assets
$180M
$199M
$160M
$176M
$189M
$198M
$220M
$182M
$161M
$174M
$197M
$218M
$236M
$230M
$255M
$268M
Accounts Payable
$16M
$15M
$13M
$9M
$9M
$6M
$5M
$8M
$7M
$11M
$9M
$10M
$11M
$8M
$10M
$8M
Accrued Liabilities
$6M
$6M
$9M
$10M
$11M
$9M
$20M
$5M
$6M
$7M
$19M
$15M
$9M
$7M
$9M
$9M
Current Liabilities
$28M
$27M
$29M
$26M
$27M
$22M
$32M
$19M
$16M
$20M
$31M
$27M
$23M
$18M
$22M
$20M
Capital Leases
$1M
$1M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$3M
$3M
$2M
$2M
$2M
$2M
$2M
Deferred Tax
·
·
·
·
·
·
·
·
·
·
·
$367.0K
$367.0K
$367.0K
$367.0K
$367.0K
Other Non-current Liabilities
$1M
$1M
$2M
$2M
$2M
$4M
$4M
$2M
$2M
$3M
$3M
$2M
$2M
$2M
$2M
$2M
Total Liabilities
$55M
$55M
$57M
$55M
$57M
$54M
$65M
$52M
$27M
$32M
$40M
$62M
$56M
$53M
$57M
$48M
Common Stock
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
Paid-in Capital
$1.13B
$1.13B
$1.07B
$1.07B
$1.06B
$1.06B
$1.06B
$936M
$933M
$930M
$928M
$927M
$921M
$888M
$881M
$876M
Retained Earnings
$-1.01B
$-988M
$-968M
$-948M
$-933M
$-918M
$-903M
$-806M
$-799M
$-788M
$-771M
$-769M
$-740M
$-710M
$-682M
$-655M
AOCI
$-304.0K
$22.0K
$610.0K
$597.0K
$482.0K
$434.0K
$97.0K
$427.0K
$-463.0K
$-364.0K
$-106.0K
$-1M
$-1M
$-354.0K
$-897.0K
$-1M
Stockholders' Equity
$125M
$144M
$103M
$120M
$132M
$144M
$156M
$130M
$134M
$142M
$157M
$156M
$180M
$177M
$198M
$220M
Liabilities + Equity
$180M
$199M
$160M
$176M
$189M
$198M
$220M
$182M
$161M
$174M
$197M
$218M
$236M
$230M
$255M
$268M
Shares Outstanding
139,824,273
139,652,849
120,499,433
108,342,592
108,328,794
108,265,529
107,850,124
71,417,513
71,332,825
71,248,017
70,894,889
70,818,954
70,769,702
67,206,025
66,688,647
66,679,641
Cash Flow11
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
D&A
$107.0K
$102.0K
$102.0K
$110.0K
$114.0K
$128.0K
$143.0K
$179.0K
$242.0K
$243.0K
$228.0K
$219.0K
$218.0K
$198.0K
$190.0K
$193.0K
Stock-based Comp
$3M
$3M
$3M
$3M
$3M
$4M
$3M
$3M
$3M
$2M
$1M
$6M
$7M
$7M
$5M
$4M
Amort. of Intangibles
·
·
·
·
·
·
·
·
·
·
·
$19.0K
$19.0K
$19.0K
$18.0K
$19.0K
Restructuring
·
·
·
·
·
·
·
$32.0K
$98.0K
$3M
·
·
·
·
·
·
Other Non-cash
·
$-2M
·
·
·
$-2M
·
·
·
$-6M
·
·
·
$-5M
·
·
Operating Cash Flow
$-20M
$-18M
$-13M
$-11M
$-10M
$-13M
$-9M
$22M
$-12M
$-21M
$-7M
$-25M
$-21M
$-26M
$-19M
$-8M
CapEx
$58.0K
$13.0K
$24.0K
$23.0K
$21.0K
$43.0K
$0
$0
$-14.0K
$135.0K
$441.0K
$84.0K
$231.0K
$553.0K
$105.0K
$150.0K
Investing Cash Flow
$10M
$-31M
$10M
$14M
$5M
$19M
$-89M
$3M
$-674.0K
$17M
$8M
$33M
$-20M
$26M
$3M
$1M
Financing Cash Flow
$91.0K
$58M
$-3M
$-3M
$-9.0K
$-275.0K
$75M
$22.0K
$-11.0K
$-55.0K
$49.0K
$-87.0K
·
·
$37.0K
$-11.0K
Net Change in Cash
$-9M
$9M
$-5M
$-146.0K
$-5M
$6M
$-23M
$25M
$-13M
$-4M
$838.0K
$8M
$-14M
$-555.0K
$-16M
$-7M
Free Cash Flow
·
$-18M
·
·
·
$-13M
·
·
·
$-21M
·
·
·
$-27M
·
·
Profitability6
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Operating Margin
-1487.9%
-1111.8%
·
-519.8%
-1035.9%
-1242.9%
·
-240.9%
-464.7%
-789.4%
·
-340.2%
-1702.2%
-1183.5%
·
-109.8%
Net Margin
-1320.1%
-993.2%
·
-443.0%
-868.3%
-1036.8%
·
-174.6%
-397.2%
-706.5%
·
-315.2%
-1582.1%
-1113.9%
·
-104.9%
Pretax Margin
·
·
·
-443.0%
-868.3%
-1036.8%
·
·
·
·
·
·
·
·
·
·
EBITDA Margin
-1487.9%
-1106.7%
·
-519.8%
-1035.9%
-1234.1%
·
-240.9%
-464.7%
-779.3%
·
-340.2%
-1702.2%
-1175.6%
·
-109.8%
ROA
-11.7%
-10.0%
·
-8.2%
-8.8%
-8.1%
·
-3.8%
-5.5%
-8.4%
·
-12.0%
-11.5%
-12.3%
·
-7.5%
ROE
-16.8%
-13.8%
·
-11.7%
-11.6%
-10.5%
·
-5.3%
-7.0%
-10.6%
·
-15.6%
-14.2%
-15.8%
·
-9.1%
Liquidity & Solvency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Current Ratio
3.5
4.0
·
3.9
3.9
5.1
·
7.0
7.5
6.7
·
4.5
5.8
10.1
·
13.0
Quick Ratio
0.7
1.0
·
1.0
1.0
1.4
·
2.6
1.5
1.8
·
1.4
1.4
2.5
·
3.1
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Asset Turnover
0.0
0.0
·
0.0
0.0
0.0
·
0.0
0.0
0.0
·
0.0
0.0
0.0
·
0.1
Receivables Turnover
·
·
·
·
6.8
4.7
·
12.6
7.3
4.5
·
19.7
3.5
3.8
·
27.0
Per Share5
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Book Value / Share
$0.89
$1.03
·
$1.11
$1.22
$1.33
·
$1.82
$1.88
$1.99
·
$2.21
$2.54
$2.63
·
$3.30
Revenue / Share
$0.01
$0.02
·
$0.03
$0.01
$0.01
·
$0.06
$0.04
$0.03
·
$0.13
$0.03
$0.04
·
$0.29
Cash Flow / Share
·
$-0.14
·
·
·
$-0.11
·
·
·
$-0.29
·
·
·
$-0.39
·
·
Cash / Share
$0.14
$0.21
·
$0.23
$0.23
$0.28
·
$0.67
$0.32
$0.50
·
$0.55
$0.44
$0.67
·
$0.92
EPS (TTM)
$-0.58
$-0.56
·
$-1.58
$-1.57
$-1.59
·
$-0.52
$-0.82
$-1.09
·
$-1.66
$-1.55
$-1.44
·
$-1.26
Valuation (TTM)9
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue TTM
$8M
$8M
·
$16M
$17M
$18M
·
$27M
$32M
$31M
·
$21M
$31M
$31M
·
$24M
Net Income TTM
$-76M
$-70M
·
$-142M
$-135M
$-130M
·
$-37M
$-59M
$-77M
·
$-115M
$-105M
$-96M
·
$-82M
Market Cap
$740M
$524M
·
$206M
$154M
$166M
·
$82M
$78M
$88M
·
$485M
$734M
$544M
·
$1.05B
P/E
-9.1
-6.7
·
-1.2
-0.9
-1.0
·
-2.2
-1.3
-1.1
·
-4.1
-6.7
-5.6
·
-12.5
P/S
90.0
62.6
·
13.1
9.2
9.3
·
3.0
2.5
2.8
·
22.6
23.5
17.6
·
44.7
P/B
5.9
3.6
·
1.7
1.2
1.1
·
0.6
0.6
0.6
·
3.1
4.1
3.1
·
4.8
P / Tangible Book
5.9
3.6
·
1.7
1.2
1.1
·
0.6
0.6
0.6
·
3.2
4.2
3.2
·
4.9
P / Cash Flow
·
-28.9
·
·
·
-12.7
·
·
·
-4.2
·
·
·
-20.6
·
·
Earnings Yield
-11.0%
-14.9%
·
-83.2%
-110.6%
-103.9%
·
-45.2%
-74.6%
-87.9%
·
-24.2%
-14.9%
-17.8%
·
-8.0%
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$8M
$19M
$31M
$30M
$7M
Operating Margin %
-975.9%
-758.2%
-311.6%
-302.0%
-1327.1%
Net Income
$-65M
$-132M
$-88M
$-87M
$-91M
Diluted EPS
$-0.53
$-1.71
$-1.27
$-1.33
$-1.60
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
3.4
4.0
4.2
10.6
8.9
Quick Ratio
0.7
0.8
1.3
2.1
1.2
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-47M
$-20M
$-80M
$-68M
$-52M
Institutional owners (13F)
159 filers
· $647.0M total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders159
Value held$647.0M
New positions29
Exited positions14
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
29 (-7 vs prior Q)
14 (0 vs prior Q)
66 (+25 vs prior Q)
35 (-6 vs prior Q)
+10.0M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Sofinnova Venture Partners VIII, L.P. (“SVP VIII”), Sofinnova Management VIII, L.L.C. (“SM VIII”), Dr. Michael F. Powell (“Powell”), Dr. James I. Healy (“Healy”), Dr. Anand Mehra (“Mehra”)
×3 filings
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
28 insiders
· 15 officers · 14 directors