LITS Lite Strategy, Inc. - Common Stock
NASDAQ · Biotechnology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Sep 28, 2026
$1.38
· of 52w range
· above low
· to high
$0.6952w low
$2.9752w high
Market Cap (MRQ)
$45M
P/E
-0.7
EPS
$-2.06
Revenue
$0
your badges
52W Range
$1–$3
Analyst Rating
HOLD
Price Target
·
P/E
-0.7
ROE
-115.3%
Net Profit Margin
·
Your badge strip is empty — pin a metric anywhere on this page.
LITS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.38
Market Cap (MRQ)
$45M
P/E
-0.7
EPS
$-2.06
Revenue
$0
ROE
-115.3%
52W Range
$1–$3
LITS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
Stock splits
| Ex-date | Split | Type |
|---|---|---|
| April 17, 2023 | 1-for-20 | Reverse |
| Dec. 19, 2012 | 1-for-6 | Reverse |
| March 31, 2010 | 1-for-10 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$02017-06-30 → 2025-06-30
EPS$-2.062017-06-30 → 2026-06-30
Free Cash Flow·2017-06-30 → 2025-06-30
Net margin·2017-06-30 → 2024-06-30
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | LITS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -0.75Y avg ≈-0.6 | ≈-0.6 | · | · | |
| P/B (MRQ) | 1.15Y avg ≈8.3 | ≈8.3 | 0.9 | Undervalued | |
| Price / Cash Flow | -4.95Y avg ≈-9.4 | ≈-9.4 | · | · | |
| Price / Tangible Book | 1.15Y avg ≈7.0 | ≈7.0 | · | · |
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 | LITS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | -233.4%5Y avg ≈-74.0% | ≈-74.0% | -81.8% | Weak | |
| ROE | -115.3%5Y avg ≈-61.3% | ≈-61.3% | -115.3% | In line | |
| ROIC | -159.9%5Y avg ≈-90.8% | ≈-90.8% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | LITS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 5.75Y avg ≈7.7 | ≈7.7 | 4.5 | Strong liquidity | |
| Quick Ratio | 5.35Y avg ≈7.4 | ≈7.4 | 2.8 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | LITS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 33.8%5Y avg ≈23.6% | ≈23.6% | · | · | |
| Revenue CAGR 3Y | 23.3% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | LITS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue / Employee | ≈$0.00 | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Nov 16, 2023 | $1.75 | USD | ≈28.5% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
97.9%
Next Report
Nov 12, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2024 | $-2.76 | $-1.46 | -88.6% | |
| March 31, 2024 | $-1.37 | $-1.55 | 11.6% | |
| Dec. 31, 2023 | $-1.66 | $-1.35 | -22.8% | |
| Sept. 30, 2023 | $8.46 | $-2.16 | 491.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | $0 | $65M | $49M | $41M | $35M | $28M | $5M | $2M | $23M | |
| Cost of Revenue | · | · | · | · | $0 | $1M | $3M | $4M | $3M | $5M | |
| R&D Expense | $122.0K | $4M | $17M | $52M | $86M | $69M | $34M | $32M | $17M | $7M | |
| SG&A Expense | $12M | $14M | $23M | $33M | $31M | $24M | $17M | $15M | $10M | $9M | |
| Operating Expenses | $67M | $17M | $51M | $86M | $116M | $95M | $53M | $51M | $30M | $21M | |
| Operating Income | $-67M | $-17M | $15M | $-37M | $-75M | $-60M | $-26M | $-46M | $-29M | $2M | |
| Interest Income | $267.0K | $1M | · | · | · | · | · | · | · | · | |
| Other Non-op | $0 | $-16.0K | $-41.0K | $-22.0K | $-6.0K | $486.0K | $0 | $0 | · | · | |
| Pretax Income | $-71M | $-16M | $18M | $-32M | $-54M | $-41M | $-47M | $-17M | $-40M | $3M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $8.0K | $1.0K | $1.0K | $1.0K | $1.0K | |
| Net Income | $-71M | $-16M | $18M | $-32M | $-54M | $-41M | $-47M | $-17M | $-40M | $3M | |
| EPS (Basic) | $-2.06 | $-2.39 | $2.67 | $-4.78 | $-8.75 | $-0.37 | $-0.52 | $-0.24 | $-0.97 | $0.07 | |
| EPS (Diluted) | $-2.06 | $-2.39 | $2.67 | $-4.78 | $-9.99 | $-0.60 | $-0.52 | $-0.75 | $-0.97 | $0.07 | |
| Shares (Basic) | 34,559,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,224,000 | 112,527,000 | 91,080,000 | 71,139,000 | 41,431,000 | 36,813,000 | |
| Shares (Diluted) | 34,559,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,257,000 | 114,481,000 | 91,080,000 | 72,385,000 | 41,431,000 | 36,938,000 | |
| EBITDA | $-67M | $-17M | $15M | · | $-75M | $-60M | $-24M | · | $-29M | $2M |
Balance Sheet
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6M | $18M | $4M | $17M | $16M | $9M | $12M | $10M | $13M | $8M | |
| Short-term Investments | · | $0 | $35M | $84M | $138M | $145M | $170M | $65M | $89M | $45M | |
| Receivables | · | $0 | $0 | $0 | $0 | $0 | · | · | · | · | |
| Prepaid Expense | $435.0K | $274.0K | $2M | $7M | $4M | $4M | $3M | $2M | $2M | $2M | |
| Current Assets | $6M | $18M | $41M | $108M | $167M | $165M | $209M | $82M | $104M | $55M | |
| PP&E (Net) | · | $0 | $392.0K | $1M | $2M | $2M | $1M | $204.0K | $32.0K | $50.0K | |
| PP&E (Gross) | · | · | $2M | $2M | $2M | $2M | $1M | $298.0K | $81.0K | · | |
| Accum. Depreciation | · | · | $2M | $1M | $648.0K | $330.0K | $62.0K | $94.0K | $49.0K | $45.0K | |
| Intangibles | · | · | · | · | · | · | · | $261.0K | $296.0K | $331.0K | |
| Other Non-current Assets | $652.0K | $0 | · | · | · | · | · | · | · | · | |
| Total Assets | $43M | $18M | $41M | $121M | $178M | $174M | $210M | $83M | $105M | $56M | |
| Accounts Payable | $261.0K | $176.0K | $3M | $6M | $8M | $6M | $2M | $5M | $4M | $585.0K | |
| Accrued Liabilities | $808.0K | $1M | $5M | $12M | $11M | $8M | $6M | $5M | $3M | $3M | |
| Current Liabilities | $1M | $1M | $8M | $20M | $24M | $20M | $14M | $14M | $8M | $5M | |
| Capital Leases | · | · | $0 | $11M | $9M | $7M | $0 | · | · | · | |
| Total Liabilities | $1M | $1M | $8M | $96M | $125M | $125M | $133M | $35M | $54M | $5M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | · | $0 | |
| Retained Earnings | $-475M | $-404M | $-388M | $-406M | $-374M | $-320M | $-278M | $-231M | $-214M | $-174M | |
| Treasury Stock | $5M | $0 | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $42M | $17M | $33M | $25M | $52M | $49M | $77M | $48M | $50M | $51M | |
| Liabilities + Equity | $43M | $18M | $41M | $121M | $178M | $174M | $210M | $83M | $105M | $56M | |
| Shares Outstanding | 32,407,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,658,000 | 112,615,000 | 111,514,000 | 73,545,000 | 70,406,000 | 36,772,000 |
Cash Flow
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $0 | $368.0K | $383.0K | $386.0K | $326.0K | $285.0K | $109.0K | $80.0K | $53.0K | $85.0K | |
| Stock-based Comp | $1M | $-144.0K | $2M | $4M | $8M | $10M | $7M | $7M | $3M | $2M | |
| Amort. of Intangibles | · | · | · | · | · | $0 | $34M | $35M | $35.0K | $35.0K | |
| Other Non-cash | $61M | $-5M | $-71M | · | $-3M | $-1M | $73M | · | $15M | $-2M | |
| Operating Cash Flow | $-9M | $-21M | $-50M | $-52M | $-49M | $-32M | $34M | $-29M | $-21M | $3M | |
| CapEx | · | $0 | $7.0K | $35.0K | $479.0K | $708.0K | $894.0K | $217.0K | · | $51.0K | |
| Investing Cash Flow | $-95M | $35M | $49M | $54M | $7M | $25M | $-106M | $24M | $-44M | $-10M | |
| Stock Issued | $5M | $0 | · | $0 | $52M | $3M | $73M | · | · | $4M | |
| Stock Repurchased | $5M | $0 | · | · | · | · | · | · | · | · | |
| Net Stock Activity | $-267.0K | · | · | · | $52M | · | · | · | · | $4M | |
| Dividends Paid | · | $0 | $12M | $0 | · | · | · | · | · | · | |
| Financing Cash Flow | $92M | $0 | $-12M | $-40.0K | $49M | $3M | $75M | $1M | $70M | $4M | |
| Net Change in Cash | · | · | · | · | · | · | · | $-4M | $5M | $-2M | |
| Taxes Paid | $0 | · | · | · | $0 | $-8.0K | $-1.0K | $-1.0K | $-1.0K | $-1.0K | |
| Free Cash Flow | · | $-21M | · | · | $-49M | $-33M | $33M | · | · | $3M |
Profitability
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | 22.3% | · | -185.5% | -173.7% | -84.9% | · | -1762.4% | 10.2% | |
| Net Margin | · | · | 27.2% | · | -133.8% | -118.7% | -159.1% | · | -2470.3% | 11.5% | |
| Pretax Margin | · | · | 27.2% | · | -133.8% | -118.7% | -159.1% | · | -2470.3% | 11.5% | |
| EBITDA Margin | · | · | 22.9% | · | -184.7% | -172.8% | -84.5% | · | -1759.1% | 10.6% | |
| ROA | -233.4% | -53.4% | 21.9% | · | -30.9% | · | -31.5% | · | -50.0% | 5.2% | |
| ROE | -115.3% | -81.7% | 42.3% | · | -90.6% | · | -60.3% | · | -96.1% | 5.8% | |
| ROIC | -159.9% | -103.1% | 44.0% | · | -144.0% | · | -31.4% | · | -56.6% | 4.7% |
Liquidity & Solvency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.7 | 13.5 | 4.9 | · | 6.8 | · | 9.0 | · | 13.2 | 11.4 | |
| Quick Ratio | 5.3 | 13.3 | 4.6 | · | 6.3 | · | 7.8 | · | 13.0 | 11.0 |
Efficiency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.0 | 0.8 | · | 0.2 | · | 0.2 | · | 0.0 | 0.5 |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $1.28 | $2.54 | $4.96 | · | $0.39 | · | $0.70 | · | $0.72 | $1.38 | |
| Revenue / Share | · | $0.00 | $9.80 | · | $0.33 | $0.30 | $0.32 | · | $0.04 | $0.63 | |
| Cash Flow / Share | $-0.26 | $-3.13 | $-7.58 | · | $-0.39 | $-0.28 | $0.38 | · | $-0.51 | $0.09 | |
| Cash / Share | $0.18 | $2.70 | $0.56 | · | $0.12 | · | $0.11 | · | $0.19 | $0.23 | |
| Dividend / Share | · | · | $1.75 | · | · | · | · | · | · | · | |
| EPS (TTM) | $-2.06 | $-2.39 | $2.67 | $-4.78 | $-9.99 | $-0.60 | $-0.52 | $-0.75 | $-0.97 | $0.07 |
Growth Rates
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | · | · | 33.8% | 20.0% | 17.0% | 25.4% | · | · | · | · | |
| Revenue CAGR 3Y | · | · | 23.3% | 20.7% | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $0 | $0 | $65M | $49M | $41M | $35M | $28M | $5M | $2M | $23M | |
| Net Income TTM | $-71M | $-16M | $18M | $-32M | $-54M | $-41M | $-47M | $-17M | $-40M | $3M | |
| Market Cap | $30M | $16M | $19M | · | $1.62B | · | $9.21B | · | $5.55B | $1.76B | |
| P/E | -0.4 | -1.0 | 1.1 | -1.4 | -1.2 | -95.0 | -158.8 | -66.7 | -81.2 | 682.9 | |
| P/S | · | · | 0.3 | · | 39.9 | · | 331.9 | · | 3420.5 | 75.6 | |
| P/B | 0.7 | 1.0 | 0.6 | · | 31.0 | · | 117.8 | · | 110.0 | 34.6 | |
| P / Tangible Book | 0.7 | 1.0 | 0.6 | 1.8 | 31.0 | 129.8 | 119.5 | · | · | · | |
| P / Cash Flow | -3.3 | -0.8 | -0.4 | · | -33.3 | · | 268.9 | · | -260.4 | 504.2 | |
| P / FCF | · | -0.8 | · | · | -33.0 | · | 276.1 | · | · | 511.7 | |
| Dividend Yield | · | 0.00% | 60.1% | · | · | · | · | · | · | · | |
| Earnings Yield | -223.9% | -96.8% | 91.8% | -72.6% | -81.9% | -1.1% | -0.63% | -1.5% | -1.2% | 0.15% | |
| Payout Ratio | · | 0.00% | 65.6% | · | · | · | · | · | · | · | |
| Annual Payout | · | $0 | $12M | $0 | · | · | · | · | · | · |
Income Statement
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $65M | $6M | $33M | $9M | $10M | |
| R&D Expense | $36.0K | $30.0K | $46.0K | $10.0K | $83.0K | $369.0K | $308.0K | $3M | $4M | $5M | $4M | $3M | $15M | $15M | $19M | $22M | |
| SG&A Expense | $3M | $3M | $3M | $3M | $3M | $2M | $3M | $5M | $4M | $5M | $8M | $7M | $7M | $8M | $7M | $9M | |
| Operating Expenses | $11M | $22M | $30M | $4M | $3M | $3M | $3M | $8M | $19M | $10M | $12M | $10M | $22M | $24M | $27M | $31M | |
| Operating Income | $-11M | $-22M | $-30M | $-4M | $-3M | $-3M | $-3M | $-8M | $-19M | $-10M | $-12M | $55M | $-16M | $9M | $-18M | $-22M | |
| Interest Income | $53.0K | $54.0K | $60.0K | · | $190.0K | $202.0K | $279.0K | · | · | · | · | · | · | · | · | · | |
| Other Non-op | $0 | $0 | $0 | $0 | $0 | $-1.0K | $-5.0K | $-10.0K | $-34.0K | $-4.0K | $-2.0K | $-1.0K | $-4.0K | $-4.0K | $-2.0K | $0 | |
| Net Income | $-13M | $-24M | $-31M | $-4M | $-3M | $-3M | $-3M | $-8M | $-18M | $-9M | $-11M | $56M | $-15M | $10M | $-17M | $-9M | |
| EPS (Basic) | $-0.46 | $-0.66 | $-0.82 | $-0.12 | $-0.40 | $-0.39 | $-0.40 | $-1.20 | $-2.76 | $-1.37 | $-1.66 | $8.46 | $-2.32 | $1.54 | $-2.49 | $-1.31 | |
| EPS (Diluted) | $-0.46 | $-0.66 | $-0.82 | $-0.12 | $-0.40 | $-0.39 | $-0.40 | $-1.20 | $-2.76 | $-1.37 | $-1.66 | $8.46 | $-2.32 | $1.54 | $-2.49 | $-1.31 | |
| Shares (Basic) | · | 35,711,000 | 37,372,000 | 29,475,000 | · | 6,663,000 | 6,663,000 | 6,663,000 | · | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,653,000 | |
| Shares (Diluted) | · | 35,711,000 | 37,372,000 | 29,475,000 | · | 6,663,000 | 6,663,000 | 6,663,000 | · | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,653,000 | |
| EBITDA | · | $-22M | $-30M | $-4M | · | $-3M | $-3M | $-8M | · | $-10M | $-12M | $55M | $-16M | $9M | $-18M | $-22M |
Balance Sheet
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6M | $8M | $9M | $10M | $18M | $20M | $24M | $7M | $4M | $2M | $5M | $3M | $9M | $11M | $15M | $11M | |
| Short-term Investments | · | · | · | · | $0 | $0 | $0 | $20M | $35M | $54M | $54M | $79M | $103M | $113M | $124M | $158M | |
| Receivables | · | · | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | · | · | · | |
| Prepaid Expense | $435.0K | $1M | $2M | $3M | $274.0K | $307.0K | $646.0K | $840.0K | $2M | $3M | $7M | $6M | $4M | $4M | $3M | $6M | |
| Current Assets | $6M | $11M | $11M | $13M | $18M | $21M | $24M | $28M | $41M | $59M | $66M | $88M | $120M | $133M | $149M | $183M | |
| PP&E (Net) | · | · | · | · | $0 | $0 | $0 | $5.0K | $392.0K | $1M | $1M | $1M | $1M | $1M | $2M | $1M | |
| PP&E (Gross) | · | · | · | · | · | · | · | $7.0K | $2M | $2M | $2M | $2M | · | · | · | · | |
| Accum. Depreciation | · | · | · | · | · | · | · | $2.0K | $2M | $1M | $1M | $1M | · | · | · | · | |
| Other Non-current Assets | $652.0K | $678.0K | $705.0K | $732.0K | $0 | · | · | · | · | · | · | · | · | · | · | · | |
| Total Assets | $43M | $58M | $83M | $113M | $18M | $21M | $24M | $28M | $41M | $71M | $79M | $101M | $134M | $148M | $164M | $194M | |
| Accounts Payable | $261.0K | $253.0K | $327.0K | $503.0K | $176.0K | $177.0K | $596.0K | $976.0K | $3M | $3M | $1M | $3M | $4M | $4M | $8M | $8M | |
| Accrued Liabilities | $808.0K | $699.0K | $760.0K | $565.0K | $1M | $1M | $2M | $2M | $5M | $5M | $6M | $4M | $16M | $14M | $9M | $10M | |
| Current Liabilities | $1M | $952.0K | $1M | $1M | $1M | $1M | $2M | $3M | $8M | $10M | $8M | $9M | $24M | $23M | $23M | $24M | |
| Capital Leases | · | · | · | · | · | · | · | · | · | $11M | $11M | $11M | $12M | $12M | $12M | $9M | |
| Total Liabilities | $1M | $952.0K | $1M | $1M | $1M | $1M | $2M | $3M | $8M | $20M | $19M | $20M | $100M | $99M | $126M | $127M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Retained Earnings | $-475M | $-462M | $-439M | $-408M | $-404M | $-401M | $-399M | $-396M | $-388M | $-370M | $-361M | $-350M | $-396M | $-381M | $-391M | $-358M | |
| Treasury Stock | $5M | $2M | $203.0K | · | $0 | · | · | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $42M | $57M | $82M | $112M | $17M | $20M | $22M | $25M | $33M | $51M | $59M | $81M | $34M | $48M | $37M | $68M | |
| Liabilities + Equity | $43M | $58M | $83M | $113M | $18M | $21M | $24M | $28M | $41M | $71M | $79M | $101M | $134M | $148M | $164M | $194M | |
| Shares Outstanding | 32,407,000 | 35,156,000 | · | 35,655,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 133,261,000 | 133,261,000 | 133,152,000 |
Cash Flow
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $368.0K | $125.0K | $86.0K | $85.0K | $87.0K | $97.0K | $92.0K | $99.0K | $89.0K | |
| Stock-based Comp | $500.0K | $270.0K | $234.0K | $284.0K | $78.0K | $16.0K | $-103.0K | $-135.0K | $397.0K | $668.0K | $850.0K | $363.0K | $918.0K | $813.0K | $2M | $3M | |
| Other Non-cash | · | · | · | $-1M | · | · | · | $-4M | · | · | · | $-75M | · | · | $184.0K | · | |
| Operating Cash Flow | $-1M | $-2M | $-2M | $-5M | $-2M | $-3M | $-4M | $-11M | $-18M | $-3M | $-11M | $-18M | $-12M | $-14M | $-15M | $-17M | |
| CapEx | · | · | · | · | $0 | $0 | · | · | $0 | $0 | $7.0K | $0 | · | · | $63.0K | $114.0K | |
| Investing Cash Flow | $2M | $2M | $569.0K | $-100M | $0 | $0 | $20M | $15M | $20M | $122.0K | $25M | $5M | $10M | $11M | $14M | $15M | |
| Stock Issued | $0 | $0 | $217.0K | $4M | $0 | $0 | $0 | $0 | · | · | · | · | $0 | · | · | $0 | |
| Stock Repurchased | $3M | $2M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | · | · | $4M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | · | · | · | · | $0 | $0 | · | · | $0 | $0 | · | · | $0 | · | · | · | |
| Financing Cash Flow | $-3M | $-2M | $5.0K | $97M | $0 | $0 | $0 | $0 | $-208.0K | $0 | $-12M | $0 | $0 | $0 | $-40.0K | $360.0K | |
| Taxes Paid | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | · | · | $-18M | · | · | $-15M | · |
Profitability
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | · | · | · | · | · | · | 84.7% | -278.1% | 27.3% | -208.7% | -222.4% | |
| Net Margin | · | · | · | · | · | · | · | · | · | · | · | 86.3% | -261.9% | 31.3% | -190.4% | -90.0% | |
| EBITDA Margin | · | · | · | · | · | · | · | · | · | · | · | 84.8% | -278.1% | 27.3% | -207.6% | -222.4% | |
| ROA | · | -60.3% | -57.4% | -5.2% | · | -5.6% | -5.2% | -12.4% | · | -8.9% | -9.8% | 42.6% | -9.4% | 5.7% | -9.8% | -4.6% | |
| ROE | · | -62.0% | -59.3% | -5.3% | · | -7.3% | -6.6% | -15.1% | · | -21.4% | -20.5% | 95.0% | -30.2% | 16.9% | -46.4% | -15.5% |
Liquidity & Solvency
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 11.5 | 10.0 | 12.4 | · | 16.8 | 10.7 | 9.7 | · | 6.2 | 8.2 | 10.3 | 5.1 | 5.9 | 6.4 | 7.7 | |
| Quick Ratio | · | 7.9 | 8.1 | 9.5 | · | 16.5 | 10.4 | 9.4 | · | 5.9 | 7.4 | 9.6 | 4.7 | 5.5 | 5.9 | 7.1 |
Efficiency
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.5 | 0.0 | 0.2 | 0.1 | 0.1 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | 13.1 | · | · | · | · |
Per Share
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $1.62 | · | $3.15 | · | $2.93 | $3.32 | $3.73 | · | $7.66 | $8.93 | $12.21 | $5.16 | $0.36 | $0.28 | $0.51 | |
| Revenue / Share | · | · | · | · | · | $0.00 | $0.00 | $0.00 | · | $0.00 | $0.00 | $9.80 | $0.88 | $0.25 | $0.07 | $0.07 | |
| Cash Flow / Share | · | · | · | $-0.15 | · | · | · | $-1.72 | · | · | · | $-2.78 | · | · | $-0.11 | · | |
| Cash / Share | · | $0.21 | · | $0.28 | · | $3.07 | $3.56 | $1.04 | · | $0.36 | $0.78 | $0.51 | $1.32 | $0.08 | $0.11 | $0.08 | |
| Dividend / Share | · | · | · | · | · | · | · | · | · | · | $1.75 | · | · | · | · | · | |
| EPS (TTM) | · | $-2.00 | $-1.73 | $-1.31 | · | $-4.75 | $-5.73 | $-6.99 | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $0 | $0 | $0 | · | $0 | $0 | $0 | · | · | · | · | · | · | · | · | |
| Net Income TTM | · | $-61M | $-40M | $-12M | · | $-31M | $-38M | $-46M | · | $26M | $20M | $41M | $-37M | $-31M | $-53M | $-46M | |
| Market Cap | · | $41M | · | $86M | · | $15M | $16M | $19M | · | $27M | $39M | $47M | $31M | $640M | $1.04B | $1.60B | |
| P/E | · | -0.6 | -0.8 | -1.8 | · | -0.5 | -0.4 | -0.4 | · | · | · | · | · | · | · | · | |
| P/B | · | 0.7 | · | 0.8 | · | 0.7 | 0.7 | 0.8 | · | 0.5 | 0.6 | 0.6 | 0.9 | 13.2 | 27.9 | 23.6 | |
| P / Tangible Book | · | 0.7 | · | 0.8 | · | 0.7 | 0.7 | 0.8 | · | 0.5 | 0.6 | 0.6 | 0.9 | 13.2 | 27.9 | 23.6 | |
| P / Cash Flow | · | · | · | -19.1 | · | · | · | -1.7 | · | · | · | -2.5 | · | · | -70.3 | · | |
| Earnings Yield | · | -172.4% | -131.1% | -54.1% | · | -216.9% | -232.9% | -245.3% | · | · | · | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Revenue | · | $0 | $65M | $49M | $41M |
| Operating Margin % | · | · | 22.3% | · | -185.5% |
| Net Income | $-71M | $-16M | $18M | $-32M | $-54M |
| Diluted EPS | $-2.06 | $-2.39 | $2.67 | $-4.78 | $-9.99 |
| Metric | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Current Ratio | 5.7 | 13.5 | 4.9 | · | 6.8 |
| Quick Ratio | 5.3 | 13.3 | 4.6 | · | 6.3 |
| Metric | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Free Cash Flow | · | $-21M | · | · | $-49M |
Institutional owners (13F) 43 filers · $7.6M total · As of June 30, 2026
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.
Holders
43
Value held
$7.6M
New positions
5
Exited positions
4
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 5 (-6 vs prior Q) | 4 (-8 vs prior Q) | 8 (+5 vs prior Q) | 11 (+2 vs prior Q) | -172K |
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.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $1,454,283 | 1,101,730 | 19.05% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,150,556 | 1,247,350 | 15.07% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $942,184 | 1,021,892 | 12.34% | Shares |
| NewGen Equity Long/Short Fund | $627,000 | 300,000 | 8.21% | Shares |
| CITADEL ADVISORS LLC | $562,387 | 609,700 | 7.37% | Call option |
| TWO SIGMA INVESTMENTS, LP | $513,787 | 557,011 | 6.73% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $337,085 | 365,019 | 4.42% | Shares |
| CITADEL ADVISORS LLC | $329,785 | 357,529 | 4.32% | Shares |
| TWO SIGMA ADVISERS, LP | $269,676 | 204,300 | 3.53% | Shares |
| BlackRock, Inc. | $254,425 | 275,829 | 3.33% | Shares |
| MARSHALL WACE, LLP | $214,341 | 232,979 | 2.81% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $180,151 | 195,392 | 2.36% | Shares |
| JANE STREET GROUP, LLC | $177,679 | 192,627 | 2.33% | Shares |
| STATE STREET CORP | $106,095 | 115,021 | 1.39% | Shares |
| UBS Group AG | $84,032 | 91,141 | 1.10% | Shares |
| NORTHERN TRUST CORP | $69,638 | 75,497 | 0.91% | Shares |
| MORGAN STANLEY | $65,867 | 71,408 | 0.86% | Shares |
| XTX Topco Ltd | $62,875 | 68,165 | 0.82% | Shares |
| ADAR1 Capital Management, LLC | $62,070 | 67,292 | 0.81% | Shares |
| JANE STREET GROUP, LLC | $28,687 | 31,100 | 0.38% | Call option |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $28,000 | 29,999 | 0.37% | Shares |
| Clear Street Group Inc. | $23,060 | 25,000 | 0.30% | Call option |
| CITADEL ADVISORS LLC | $21,123 | 22,900 | 0.28% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $19,688 | 21,400 | 0.26% | Call option |
| Vanguard Global Advisers, LLC | $16,538 | 17,937 | 0.22% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,593 | 15,821 | 0.19% | Shares |
| TWO SIGMA SECURITIES, LLC | $12,901 | 13,986 | 0.17% | Shares |
| GROUP ONE TRADING LLC | $2,396 | 2,598 | 0.03% | Shares |
| NFSG Corp | $1,844 | 1,999 | 0.02% | Shares |
| BARCLAYS PLC | $491 | 532 | 0.01% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $426 | 462 | 0.01% | Shares |
| HighMark Wealth Management LLC | $264 | 287 | 0.00% | Shares |
| EVERMAY WEALTH MANAGEMENT LLC | $117 | 126 | 0.00% | Shares |
| JPMORGAN CHASE & CO | $61 | 67 | 0.00% | Shares |
| GSA CAPITAL PARTNERS LLP | $57 | 61,850 | 0.00% | Shares |
| WELLS FARGO & COMPANY/MN | $23 | 25 | 0.00% | Shares |
| Larson Financial Group LLC | $7 | 8 | 0.00% | Shares |
| Farther Finance Advisors, LLC | $2 | 2 | 0.00% | Shares |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | $1 | 1 | 0.00% | Shares |
| Caitong International Asset Management Co., Ltd | $1 | 1 | 0.00% | Shares |
| CWM, LLC | $1 | 1 | 0.00% | Shares |
| SBI Securities Co., Ltd. | $1 | 1 | 0.00% | Shares |
| OSAIC HOLDINGS, INC. | $0 | 2 | 0.00% | Shares |
Activists & 5%+ owners 10 positions
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.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Funicular Funds, LP, Cable Car Capital, LP, Ma-Weaver Jacob, Anson Investments Master Fund LP, AIMF GP LLC, Anson East Master Fund LP, AEMF GP LLC, Anson Opportunities Master Fund LP, AOMF GP, LLC, Anson Funds Management LP, Anson Management GP LLC, Tony Moore, Anson Advisors Inc., Amin Nathoo, Moez Kassam ×10 filings | July 24, 2025 | 3.70% | Amendment | Board campaign | SEC |
| March 9, 2023 | · | Initial filing | · | SEC | |
| Growth Equity Opportunities Fund V, LLC, New Enterprise Associates 16, L.P., NEA Partners 16, L.P., NEA 16 GP, LLC, Peter J. Barris, Forest Baskett, Ali Behbahani, Carmen Chang, Anthony A. Florence, Jr., Mohamad H. Makhzoumi, Joshua Makower, David M. Mott, Scott D. Sandell, Peter W. Sonsini, Paul Walker ×2 filings | Dec. 30, 2019 | · | Initial filing | Passive investment | SEC |
| Vivo Ventures VII, LLC, Vivo Ventures Fund VII, L.P., Vivo Ventures VII Affiliates Fund, L.P., Vivo Ventures V, LLC, Vivo Ventures Fund V, L.P., Vivo Ventures V Affiliates Fund, L.P. ×9 filings | June 3, 2016 | · | Initial filing | · | SEC |
| New Leaf Ventures II, L.P., New Leaf Venture Associates II, L.P., New Leaf Venture Management II, L.L.C., Philippe O. Chambon, Vijay Lathi, Ronald Hunt, Jeani Delagardelle, Liam Ratcliffe ×6 filings | March 31, 2015 | · | Initial filing | · | SEC |
| Baker Bros. Advisors LP, Baker Bros. Advisors (GP) LLC, Julian C. Baker, Felix J. Baker ×3 filings | Dec. 30, 2013 | · | Initial filing | · | SEC |
| Baker Bros. Advisors, LLC, Julian C. Baker, Felix J. Baker ×3 filings | March 5, 2013 | · | Initial filing | · | SEC |
| Josiah T. Austin (2), El Coronado Holdings, L.L.C. (2) | Dec. 17, 2012 | · | Initial filing | · | SEC |
| SS. OR ×2 filings | March 11, 2011 | · | Initial filing | Passive investment | SEC |
| Josiah T. Austin, El Coronado Holdings, L.L.C. | Aug. 16, 2007 | · | Initial filing | Passive investment | SEC |
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 31 insiders · 7 officers · 21 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Justin J. File | CEO, CFO and Secretary | Feb. 12, 2026 A | · | 0 | 0 | $0 |
| David M Urso | President and CEO | June 2, 2023 A | 49,281 | 0 | 0 | $0 |
| Christopher Naughton | CEO & President | Feb. 29, 2008 P | 5,000 | 0 | 0 | $0 |
| Brian G. Drazba | Chief Financial Officer | July 5, 2022 A | 37,500 | 0 | 0 | $0 |
| David R Seaton | CFO & Secretary | March 13, 2008 P | 5,000 | 0 | 0 | $0 |
| Richard G Ghalie | Chief Medical Officer | Sept. 29, 2023 A | 28,927 | 0 | 0 | $0 |
| Robert D. Mass | Chief Medical Officer | July 2, 2020 A | 33,661 | 0 | 0 | $0 |
| Flynn James P. | Director | June 24, 2026 P | 125,000 | 3 | 0 | $142,248 |
| Joshua Riezman | Director | Nov. 14, 2025 A | · | 0 | 0 | $0 |
| Nicholas Glover | Director | Nov. 14, 2025 A | · | 0 | 0 | $0 |
| Frederick W Driscoll | Director | Nov. 14, 2025 A | 37,500 | 0 | 0 | $0 |
| Charles Benjamin Lee | Director | Oct. 3, 2025 A | · | 0 | 0 | $0 |
| Steven D Wood | Director | July 15, 2025 A | 4,359 | 0 | 0 | $0 |
| Thomas C Reynolds | Director | July 15, 2025 A | 10,000 | 0 | 0 | $0 |
| Charles V. Baltic III | Director | Sept. 29, 2023 A | 105,750 | 0 | 0 | $0 |
| Sujay Kango | Director | Sept. 29, 2023 A | · | 0 | 0 | $0 |
| GOLD DANIEL P PHD | Director | Sept. 29, 2023 A | 417,312 | 0 | 0 | $0 |
| Tamar D Howson | Director | Sept. 29, 2023 A | · | 0 | 0 | $0 |
| Cheryl Cohen | Director | July 5, 2022 A | · | 0 | 0 | $0 |
| Christine Anna White | Director | July 5, 2022 A | 15,000 | 0 | 0 | $0 |
| Kevan Clemens | Director | July 1, 2021 A | · | 0 | 0 | $0 |
| William Dodge Rueckert | Director | July 1, 2019 A | 654 | 0 | 0 | $0 |
| Leah Rush Cann | Director | July 29, 2016 A | · | 0 | 0 | $0 |
| Bryan Williams | Director | Sept. 21, 2012 A | 750 | 0 | 0 | $0 |
| Philip A Johnston | Director | May 18, 2009 P | 10,000 | 0 | 0 | $0 |
| Alexander Schornstein | 10% owner | Dec. 18, 2025 S | 3,674,862 | 0 | 1 | $-946,137 |
| VIVO VENTURES VII, LLC | 10% owner | Nov. 9, 2015 S | 3,163,105 | 0 | 0 | $0 |
| Vivo Ventures V, LLC | 10% owner | Nov. 9, 2015 S | 183,767 | 0 | 0 | $0 |
| Josiah T Austin | 10% owner | Dec. 6, 2012 J | · | 0 | 0 | $0 |
| NOVOGEN LTD | 10% owner | Dec. 3, 2012 J | 0 | 0 | 0 | $0 |
| Thomas M. Zech | · | Aug. 5, 2016 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 3 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
LITS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 6 analysts
SELL
0 0.0%
Strong Buy
0 0.0%
Buy
3 50.0%
Hold
1 16.7%
Sell
2 33.3%
Strong Sell
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Source: SEC 10-K filed Sep 28, 2026