LITS Lite Strategy, Inc. - Common Stock
$0.91
Price · Aug 19, 2026
Fundamentals as of May 13, 2026
52W Range
$1–$6
5% of range
Analyst Rating
HOLD
6 analysts
Price Target
—
P/E (TTM)
-0.4
ROE
-81.7%
Net Profit Margin
—
LITS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.91
Market Cap
$6M
P/E (TTM)
-0.4
EPS (TTM)
$-2.39
Revenue (TTM)
$0
Div Yield
0.00%
ROE
-81.7%
Debt/Equity
—
52W Range
$1 – $6
LITS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$0
2017-06-30
→
2025-06-30
EPS
$-2.39
2016-06-30
→
2025-06-30
Free Cash Flow
$-21M
2016-06-30
→
2025-06-30
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LITS
Peer Median
P/E (TTM)
-0.4
—
P/B
0.4
6.6
Price / FCF
-0.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LITS
Peer Median
ROA
-53.4%
-78.1%
ROE
-81.7%
-228.7%
ROIC
-103.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LITS
Peer Median
Current Ratio
13.5
1.2
Quick Ratio
13.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LITS
Peer Median
Revenue YoY
33.8%
—
Revenue CAGR 3Y
23.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LITS
Peer Median
Payout Ratio
0.00%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.00%
Payout Ratio
0.00%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Nov. 16, 2023 | $1.7500 |
LITS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
6 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 3 50.0%
- Sell 1 16.7%
- Strong Sell 2 33.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
2.3%
Next Report
Sep 24, 2026
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2024 | $-2.76 | $-1.46 | -1.3% |
| March 31, 2024 | $-1.37 | $-1.55 | 0.18% |
| Dec. 31, 2023 | $-1.66 | $-1.35 | -0.31% |
| Sept. 30, 2023 | $8.46 | $-2.16 | 10.6% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LITS | $16M | -1.0 | 33.8% | — | -81.7% | — |
| LTRN | — | -1.9 | — | — | — | — |
| GRML | — | — | — | — | -104.9% | — |
| ESLA | — | -4.5 | — | — | — | — |
| GRDX | $20M | -1.1 | — | -17634.4% | -68.6% | -1813.6% |
| DYAI | — | -4.1 | -11.6% | — | — | — |
| KYNB | $36M | 0.2 | -78.3% | 2848.6% | -143.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 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 | $4M | $17M | $52M | $86M | $69M | $34M | $32M | $17M | $7M | |
| SG&A Expense | $14M | $23M | $33M | $31M | $24M | $17M | $15M | $10M | $9M | |
| Operating Expenses | $17M | $51M | $86M | $116M | $95M | $53M | $51M | $30M | $21M | |
| Operating Income | $-17M | $15M | $-37M | $-75M | $-60M | $-26M | $-46M | $-29M | $2M | |
| Other Non-op | $-16.0K | $-41.0K | $-22.0K | $-6.0K | $486.0K | $0 | $0 | · | · | |
| Pretax Income | $-16M | $18M | $-32M | $-54M | $-41M | $-47M | $-17M | $-40M | $3M | |
| Income Tax | $0 | $0 | $0 | $0 | $8.0K | $1.0K | $1.0K | $1.0K | $1.0K | |
| Net Income | $-16M | $18M | $-32M | $-54M | $-41M | $-47M | $-17M | $-40M | $3M | |
| EPS (Basic) | $-2.39 | $2.67 | $-4.78 | $-8.75 | $-0.37 | $-0.52 | $-0.24 | $-0.97 | $0.07 | |
| EPS (Diluted) | $-2.39 | $2.67 | $-4.78 | $-9.99 | $-0.60 | $-0.52 | $-0.75 | $-0.97 | $0.07 | |
| Shares (Basic) | 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) | 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 | $-17M | $15M | · | $-75M | $-60M | $-24M | · | $-29M | $2M |
Balance Sheet 22
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $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 | $274.0K | $2M | $7M | $4M | $4M | $3M | $2M | $2M | $2M | |
| Current Assets | $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 | $0 | · | · | · | · | · | · | · | · | |
| Total Assets | $18M | $41M | $121M | $178M | $174M | $210M | $83M | $105M | $56M | |
| Accounts Payable | $176.0K | $3M | $6M | $8M | $6M | $2M | $5M | $4M | $585.0K | |
| Accrued Liabilities | $1M | $5M | $12M | $11M | $8M | $6M | $5M | $3M | $3M | |
| Current Liabilities | $1M | $8M | $20M | $24M | $20M | $14M | $14M | $8M | $5M | |
| Capital Leases | · | $0 | $11M | $9M | $7M | $0 | · | · | · | |
| Total Liabilities | $1M | $8M | $96M | $125M | $125M | $133M | $35M | $54M | $5M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | · | · | $0 | |
| Retained Earnings | $-404M | $-388M | $-406M | $-374M | $-320M | $-278M | $-231M | $-214M | $-174M | |
| Treasury Stock | $0 | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $17M | $33M | $25M | $52M | $49M | $77M | $48M | $50M | $51M | |
| Liabilities + Equity | $18M | $41M | $121M | $178M | $174M | $210M | $83M | $105M | $56M | |
| Shares Outstanding | 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 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $368.0K | $383.0K | $386.0K | $326.0K | $285.0K | $109.0K | $80.0K | $53.0K | $85.0K | |
| Stock-based Comp | $-144.0K | $2M | $4M | $8M | $10M | $7M | $7M | $3M | $2M | |
| Amort. of Intangibles | · | · | · | · | $0 | $34M | $35M | $35.0K | $35.0K | |
| Other Non-cash | $-5M | $-71M | · | $-3M | $-1M | $73M | · | $15M | $-2M | |
| Operating Cash Flow | $-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 | $35M | $49M | $54M | $7M | $25M | $-106M | $24M | $-44M | $-10M | |
| Stock Issued | · | · | $0 | $52M | $3M | $73M | · | · | $4M | |
| Net Stock Activity | · | · | · | $52M | · | · | · | · | $4M | |
| Dividends Paid | $0 | $12M | $0 | · | · | · | · | · | · | |
| Financing Cash Flow | $0 | $-12M | $-40.0K | $49M | $3M | $75M | $1M | $70M | $4M | |
| Net Change in Cash | · | · | · | · | · | · | $-4M | $5M | $-2M | |
| Taxes Paid | · | · | · | $0 | $-8.0K | $-1.0K | $-1.0K | $-1.0K | $-1.0K | |
| Free Cash Flow | $-21M | · | · | $-49M | $-33M | $33M | · | · | $3M |
Profitability 7
| Metric | Trend | 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 | -53.4% | 21.9% | · | -30.9% | · | -31.5% | · | -50.0% | 5.2% | |
| ROE | -81.7% | 42.3% | · | -90.6% | · | -60.3% | · | -96.1% | 5.8% | |
| ROIC | -103.1% | 44.0% | · | -144.0% | · | -31.4% | · | -56.6% | 4.7% |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 13.5 | 4.9 | · | 6.8 | · | 9.0 | · | 13.2 | 11.4 | |
| Quick Ratio | 13.3 | 4.6 | · | 6.3 | · | 7.8 | · | 13.0 | 11.0 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.8 | · | 0.2 | · | 0.2 | · | 0.0 | 0.5 |
Growth Rates 2
| Metric | Trend | 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) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $0 | $65M | $49M | $41M | $35M | $28M | $5M | $2M | $23M | |
| Net Income TTM | $-16M | $18M | $-32M | $-54M | $-41M | $-47M | $-17M | $-40M | $3M | |
| Market Cap | $16M | $19M | · | $1.62B | · | $9.21B | · | $5.55B | $1.76B | |
| P/E | -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 | 1.0 | 0.6 | · | 31.0 | · | 117.8 | · | 110.0 | 34.6 | |
| P / Tangible Book | 1.0 | 0.6 | 1.8 | 31.0 | 129.8 | 119.5 | · | · | · | |
| P / Cash Flow | -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 | -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 14
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $65M | $6M | $33M | $9M | $10M | $12M | |
| Cost of Revenue | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| R&D Expense | $30.0K | $46.0K | $10.0K | $83.0K | $369.0K | $308.0K | $3M | $4M | $5M | $4M | $3M | $15M | $15M | $19M | $22M | $22M | |
| SG&A Expense | $3M | $3M | $3M | $3M | $2M | $3M | $5M | $4M | $5M | $8M | $7M | $7M | $8M | $7M | $9M | $8M | |
| Operating Expenses | $22M | $30M | $4M | $3M | $3M | $3M | $8M | $19M | $10M | $12M | $10M | $22M | $24M | $27M | $31M | $29M | |
| Operating Income | $-22M | $-30M | $-4M | $-3M | $-3M | $-3M | $-8M | $-19M | $-10M | $-12M | $55M | $-16M | $9M | $-18M | $-22M | $-18M | |
| Interest Income | $54.0K | $60.0K | · | · | $202.0K | $279.0K | · | · | · | · | · | · | · | · | · | · | |
| Other Non-op | $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 | $0 | |
| Net Income | $-24M | $-31M | $-4M | $-3M | $-3M | $-3M | $-8M | $-18M | $-9M | $-11M | $56M | $-15M | $10M | $-17M | $-9M | $-12M | |
| EPS (Basic) | $-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 | $-0.10 | |
| EPS (Diluted) | $-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 | $-0.14 | |
| Shares (Basic) | 35,711,000 | 37,372,000 | 29,475,000 | -13,326,000 | 6,663,000 | 6,663,000 | 6,663,000 | -13,326,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,653,000 | 126,725,000 | |
| Shares (Diluted) | 35,711,000 | 37,372,000 | 29,475,000 | -13,326,000 | 6,663,000 | 6,663,000 | 6,663,000 | -13,326,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,663,000 | 6,653,000 | 128,160,000 | |
| EBITDA | $-22M | $-30M | $-4M | · | $-3M | $-3M | $-8M | · | $-10M | $-12M | $55M | $-16M | $9M | $-18M | $-22M | $-18M |
Balance Sheet 21
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8M | $9M | $10M | $18M | $20M | $24M | $7M | $4M | $2M | $5M | $3M | $9M | $11M | $15M | $11M | $13M | |
| Short-term Investments | · | · | · | $0 | $0 | $0 | $20M | $35M | $54M | $54M | $79M | $103M | $113M | $124M | $158M | $173M | |
| Receivables | · | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | · | · | · | · | |
| Prepaid Expense | $1M | $2M | $3M | $274.0K | $307.0K | $646.0K | $840.0K | $2M | $3M | $7M | $6M | $4M | $4M | $3M | $6M | $5M | |
| Current Assets | $11M | $11M | $13M | $18M | $21M | $24M | $28M | $41M | $59M | $66M | $88M | $120M | $133M | $149M | $183M | $201M | |
| PP&E (Net) | · | · | · | $0 | $0 | $0 | $5.0K | $392.0K | $1M | $1M | $1M | $1M | $1M | $2M | $1M | $1M | |
| PP&E (Gross) | · | · | · | · | · | · | $7.0K | $2M | $2M | $2M | $2M | · | · | · | · | · | |
| Accum. Depreciation | · | · | · | · | · | · | $2.0K | $2M | $1M | $1M | $1M | · | · | · | · | · | |
| Other Non-current Assets | $678.0K | $705.0K | $732.0K | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Assets | $58M | $83M | $113M | $18M | $21M | $24M | $28M | $41M | $71M | $79M | $101M | $134M | $148M | $164M | $194M | $209M | |
| Accounts Payable | $253.0K | $327.0K | $503.0K | $176.0K | $177.0K | $596.0K | $976.0K | $3M | $3M | $1M | $3M | $4M | $4M | $8M | $8M | $6M | |
| Accrued Liabilities | $699.0K | $760.0K | $565.0K | $1M | $1M | $2M | $2M | $5M | $5M | $6M | $4M | $16M | $14M | $9M | $10M | $10M | |
| Current Liabilities | $952.0K | $1M | $1M | $1M | $1M | $2M | $3M | $8M | $10M | $8M | $9M | $24M | $23M | $23M | $24M | $23M | |
| Capital Leases | · | · | · | · | · | · | · | · | $11M | $11M | $11M | $12M | $12M | $12M | $9M | $7M | |
| Total Liabilities | $952.0K | $1M | $1M | $1M | $1M | $2M | $3M | $8M | $20M | $19M | $20M | $100M | $99M | $126M | $127M | $136M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Retained Earnings | $-462M | $-439M | $-408M | $-404M | $-401M | $-399M | $-396M | $-388M | $-370M | $-361M | $-350M | $-396M | $-381M | $-391M | $-358M | $-349M | |
| Treasury Stock | $2M | $203.0K | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $57M | $82M | $112M | $17M | $20M | $22M | $25M | $33M | $51M | $59M | $81M | $34M | $48M | $37M | $68M | $73M | |
| Liabilities + Equity | $58M | $83M | $113M | $18M | $21M | $24M | $28M | $41M | $71M | $79M | $101M | $134M | $148M | $164M | $194M | $209M | |
| Shares Outstanding | 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 | 132,905,000 |
Cash Flow 13
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $0 | $0 | $0 | $0 | $0 | $0 | $368.0K | $125.0K | $86.0K | $85.0K | $87.0K | $97.0K | $92.0K | $99.0K | $89.0K | $75.0K | |
| Stock-based Comp | $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 | $2M | |
| Other Non-cash | · | · | $-1M | · | · | · | $-4M | · | · | · | $-75M | · | · | $184.0K | · | · | |
| Operating Cash Flow | $-2M | $-2M | $-5M | $-2M | $-3M | $-4M | $-11M | $-18M | $-3M | $-11M | $-18M | $-12M | $-14M | $-15M | $-17M | $-9M | |
| CapEx | · | · | · | $0 | $0 | · | · | $0 | $0 | $7.0K | $0 | · | · | $63.0K | $114.0K | $51.0K | |
| Investing Cash Flow | $2M | $569.0K | $-100M | $0 | $0 | $20M | $15M | $20M | $122.0K | $25M | $5M | $10M | $11M | $14M | $15M | $-43M | |
| Stock Issued | $0 | $217.0K | $4M | · | $0 | $0 | $0 | · | · | · | · | $0 | · | · | $0 | · | |
| Stock Repurchased | $2M | · | · | · | $0 | · | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | · | $4M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | · | · | · | $0 | $0 | · | · | $0 | $0 | · | · | $0 | · | · | · | · | |
| Financing Cash Flow | $-2M | $5.0K | $97M | $0 | $0 | $0 | $0 | $-208.0K | $0 | $-12M | $0 | $0 | $0 | $-40.0K | $360.0K | $49M | |
| Taxes Paid | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | · | $-18M | · | · | $-15M | · | · |
Profitability 5
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | · | · | · | · | · | 84.7% | -278.1% | 27.3% | -208.7% | -222.4% | -149.0% | |
| Net Margin | · | · | · | · | · | · | · | · | · | · | 86.3% | -261.9% | 31.3% | -190.4% | -90.0% | · | |
| EBITDA Margin | · | · | · | · | · | · | · | · | · | · | 84.8% | -278.1% | 27.3% | -207.6% | -222.4% | -149.0% | |
| 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 2
| Metric | Trend | 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 | Q2 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 | 8.9 | |
| 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 | 8.2 |
Efficiency 2
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.5 | 0.0 | 0.2 | 0.1 | 0.1 | 0.1 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | 13.1 | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $0 | $0 | $0 | · | $0 | $0 | $65M | · | $71M | $104M | $113M | $57M | $63M | $38M | $37M | $40M | |
| Net Income TTM | $-61M | $-40M | $-17M | · | $-22M | $-31M | $28M | · | $21M | $40M | $35M | $-31M | $-27M | $-55M | $-64M | $-63M | |
| Market Cap | $41M | · | $86M | · | $15M | $16M | $19M | · | $27M | $39M | $47M | $31M | $640M | $1.04B | $1.60B | $7.10B | |
| P/E | -0.6 | -0.8 | -1.1 | · | -0.7 | -0.5 | 0.7 | · | 1.3 | 1.0 | 1.4 | -1.0 | -2.0 | -1.9 | -6.5 | -78.5 | |
| P/S | · | · | · | · | · | · | 0.3 | · | 0.4 | 0.4 | 0.4 | 0.5 | 10.2 | 27.3 | 42.7 | 176.1 | |
| 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 | 96.8 | |
| 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 | 96.8 | |
| P / Cash Flow | · | · | -19.1 | · | · | · | -1.7 | · | · | · | -2.5 | · | · | -70.3 | · | · | |
| P / FCF | · | · | · | · | · | · | · | · | · | · | -2.5 | · | · | -70.0 | · | · | |
| Earnings Yield | -171.6% | -131.1% | -87.2% | · | -153.4% | -188.2% | 148.4% | · | 77.8% | 103.8% | 74.0% | -99.6% | -50.0% | -52.8% | -15.5% | -1.3% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | |
|---|---|---|---|---|---|
| Revenue | $0 | $65M | $49M | $41M | $35M |
| Operating Margin % | — | 22.3% | — | -185.5% | -173.7% |
| Net Income | $-16M | $18M | $-32M | $-54M | $-41M |
| Diluted EPS | $-2.39 | $2.67 | $-4.78 | $-9.99 | $-0.60 |
Balance Sheet
| 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | |
|---|---|---|---|---|---|
| Current Ratio | 13.5 | 4.9 | — | 6.8 | — |
| Quick Ratio | 13.3 | 4.6 | — | 6.3 | — |
Cash Flow
| 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-21M | — | — | $-49M | $-33M |
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Institutional owners (13F) 43 filers · $6.7M 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.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 8 (0 vs prior Q) | 4 (-8 vs prior Q) | 5 (+2 vs prior Q) | 11 (+3 vs prior Q) | +981K |
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 | $1,174,533 | 889,798 | 17.64% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,150,556 | 1,247,350 | 17.28% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $942,184 | 1,021,892 | 14.15% | Shares |
| NewGen Equity Long/Short Fund | $627,000 | 300,000 | 9.41% | Shares |
| CITADEL ADVISORS LLC | $562,387 | 609,700 | 8.44% | Call option |
| TWO SIGMA INVESTMENTS, LP | $513,787 | 557,011 | 7.71% | Shares |
| CITADEL ADVISORS LLC | $329,785 | 357,529 | 4.95% | Shares |
| TWO SIGMA ADVISERS, LP | $269,676 | 204,300 | 4.05% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $262,281 | 283,921 | 3.94% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $180,151 | 195,392 | 2.71% | Shares |
| STATE STREET CORP | $106,095 | 115,021 | 1.59% | Shares |
| MARSHALL WACE, LLP | $83,304 | 90,548 | 1.25% | Shares |
| JANE STREET GROUP, LLC | $82,961 | 89,940 | 1.25% | Shares |
| NORTHERN TRUST CORP | $69,638 | 75,497 | 1.05% | Shares |
| XTX Topco Ltd | $62,875 | 68,165 | 0.94% | Shares |
| ADAR1 Capital Management, LLC | $62,070 | 67,292 | 0.93% | Shares |
| JANE STREET GROUP, LLC | $28,687 | 31,100 | 0.43% | Call option |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $28,000 | 29,999 | 0.42% | Shares |
| Clear Street Group Inc. | $23,060 | 25,000 | 0.35% | Call option |
| CITADEL ADVISORS LLC | $21,123 | 22,900 | 0.32% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $19,688 | 21,400 | 0.30% | Call option |
| Vanguard Global Advisers, LLC | $16,538 | 17,937 | 0.25% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,593 | 15,821 | 0.22% | Shares |
| TWO SIGMA SECURITIES, LLC | $12,901 | 13,986 | 0.19% | Shares |
| BlackRock, Inc. | $6,780 | 7,350 | 0.10% | Shares |
| MORGAN STANLEY | $3,256 | 3,530 | 0.05% | Shares |
| GROUP ONE TRADING LLC | $2,396 | 2,598 | 0.04% | Shares |
| NFSG Corp | $1,844 | 1,999 | 0.03% | 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 |
| GSA CAPITAL PARTNERS LLP | $57 | 61,850 | 0.00% | Shares |
| UBS Group AG | $38 | 41 | 0.00% | Shares |
| JPMORGAN CHASE & CO | $37 | 41 | 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 |
Company insiders 30 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 | — | 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 |
| Thomas M. Zech | — | Aug. 5, 2016 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
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.
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.