LWLG 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$236.9K2023-12-31 → 2025-12-31
EPS$-0.162020-12-31 → 2025-12-31
Free Cash Flow$-15M2016-12-31 → 2025-12-31
Net margin-9416.3%2023-12-31 → 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
LWLG
5Y avg
Peer Median
Verdict
P/E (TTM)
-35.65Y avg ≈-34.1
≈-34.1
·
·
P/S (TTM)
3511.5
·
3.5
Overvalued
P/B (MRQ)
8.45Y avg ≈26.4
≈26.4
4.3
Overvalued
Price / FCF (TTM)
-47.95Y avg ≈-64.6
≈-64.6
·
·
Price / Cash Flow (TTM)
-53.75Y avg ≈-73.2
≈-73.2
·
·
Price / Tangible Book (MRQ)
8.65Y avg ≈23.4
≈23.4
·
·
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
LWLG
5Y avg
Peer Median
Verdict
Operating Margin (TTM)
-9970.1%
·
9.2%
Weak
EBITDA Margin
-8765.5%
·
9.2%
Weak
Pretax Margin
-8576.5%
·
9.9%
Weak
Net Profit Margin (TTM)
-9416.3%
·
6.3%
Weak
ROA (TTM)
-33.5%5Y avg ≈-65.7%
≈-65.7%
1.7%
Weak
ROE (TTM)
-35.4%5Y avg ≈-62.9%
≈-62.9%
2.1%
Weak
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LWLG
5Y avg
Peer Median
Verdict
Current Ratio (MRQ)
62.85Y avg ≈19.3
≈19.3
3.2
Strong liquidity
Quick Ratio (MRQ)
61.55Y avg ≈18.8
≈18.8
1.6
Strong liquidity
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LWLG
5Y avg
Peer Median
Verdict
Revenue YoY
147.7%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
LWLG
5Y avg
Peer Median
Verdict
EPS (Diluted)
$-0.165Y avg ≈$-0.17
≈$-0.17
·
·
Revenue / Share
$0.00
·
·
·
Cash Flow / Share
$-0.115Y avg ≈$-0.10
≈$-0.10
·
·
Cash / Share
$0.475Y avg ≈$0.29
≈$0.29
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LWLG
5Y avg
Peer Median
Verdict
Asset Turnover
0.0
·
0.7
Weak
Receivables Turnover
2.0
·
5.8
Weak
Revenue / Employee
≈$7.0K
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise2.0%
Next ReportNov 12, 2026
Period
Report
EPS Actual
EPS Est
Surprise
Sept. 30, 2024
$-0.04
—
—
Dec. 31, 2023
$-0.04
—
—
Dec. 31, 2013
$-0.02
$-0.02
2.0%
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
2016
2015
2014
Revenue
$236.9K
$95.6K
$40.5K
·
·
·
·
·
·
·
·
$2.5K
Cost of Revenue
$6.8K
$7.4K
$2.5K
·
·
·
·
·
·
·
·
·
Gross Profit
·
$88.2K
$38.0K
·
·
·
·
·
·
·
·
·
R&D Expense
$11M
$17M
$16M
$13M
$12M
$5M
$4M
$4M
$4M
$2M
$3M
$3M
SG&A Expense
$10M
$6M
$5M
$4M
$5M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
Operating Expenses
$21M
$23M
$21M
$17M
$17M
$7M
$6M
$6M
$6M
$4M
$5M
$4M
Operating Income
$-21M
$-23M
$-21M
$-17M
$-17M
$-7M
$-6M
$-6M
$-6M
$-4M
$-5M
$-4M
Interest Expense
·
·
$673.6K
$209.7K
$2M
$116.4K
$407.8K
$172.2K
$226.1K
$271.9K
·
$16.9K
Interest Income
$842.4K
$926.9K
$657.5K
$91.7K
$13.8K
$776
$232
$250
$250
$255
$249
$249
Other Non-op
$645
$-5.1K
$-12.2K
$27.2K
·
·
·
·
·
·
·
·
Pretax Income
$-20M
$-23M
·
·
·
·
·
·
·
·
·
·
Net Income
$-20M
$-23M
$-21M
$-17M
$-19M
$-7M
$-7M
$-6M
$-6M
$-4M
$-5M
$-4M
EPS (Basic)
·
$-0.19
$-0.18
$-0.15
$-0.18
$-0.07
·
·
·
·
·
·
EPS (Diluted)
$-0.16
$-0.19
$-0.18
$-0.15
$-0.18
$-0.07
·
·
·
·
·
·
Shares (Basic)
·
120,599,885
115,467,300
111,814,926
105,223,959
91,859,025
·
·
·
·
·
·
Shares (Diluted)
128,628,727
120,599,885
115,467,300
111,814,926
105,223,959
91,859,025
·
·
·
·
·
·
EBITDA
$-21M
·
$-21M
$-17M
$-17M
$-7M
$-6M
$-6M
$-6M
$-4M
$-5M
·
Balance Sheet22
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$69M
$28M
$31M
$24M
$23M
$3M
$2M
$2M
$3M
$2M
$4M
$3M
Receivables
$190.8K
$45.6K
$30.4K
·
·
·
·
·
·
·
·
·
Inventory
·
·
·
·
·
·
·
·
·
$49.6K
·
·
Prepaid Expense
$601.1K
$401.7K
$1M
$611.3K
$232.3K
$567.2K
$372.5K
$538.0K
$584.9K
$136.9K
$264.5K
$128.2K
Current Assets
$70M
$28M
$33M
$25M
$24M
$4M
$3M
$3M
$4M
$2M
$4M
$3M
PP&E (Net)
$5M
$6M
$5M
$3M
$2M
$2M
$2M
$2M
$1M
$425.6K
$495.1K
$375.2K
PP&E (Gross)
$13M
$12M
$10M
$7M
$5M
$4M
$4M
$3M
$2M
$1M
$1M
$751.9K
Accum. Depreciation
$8M
$6M
$5M
$4M
$3M
$2M
$2M
$1M
$865.9K
$683.9K
$536.7K
$376.6K
Intangibles
$2M
$1M
$1M
$1M
$848.1K
$916.0K
$939.5K
$938.2K
$605.8K
$668.0K
$619.8K
$610.0K
Other Non-current Assets
·
·
·
$1M
$1M
$2M
$2M
$938.2K
·
·
·
·
Total Assets
$79M
$38M
$42M
$29M
$27M
$7M
$7M
$5M
$6M
$3M
$5M
$4M
Accounts Payable
$477.9K
$516.0K
$1M
$791.7K
$215.7K
$169.2K
$88.4K
$150.7K
$54.2K
$65.0K
$32.9K
$178.2K
Accrued Liabilities
·
·
·
·
$1M
$81.4K
$65.8K
$1.2K
$92.2K
$57.3K
$65.0K
$33.4K
Current Liabilities
$2M
$2M
$3M
$2M
$2M
$933.0K
$997.6K
$395.4K
$648.8K
$127.9K
·
·
Capital Leases
$2M
$3M
$3M
$168.1K
$358.3K
$536.4K
$703.5K
·
·
·
·
·
Total Liabilities
$5M
$4M
$5M
$2M
$2M
$2M
$2M
$544.5K
$833.1K
$127.9K
$103.0K
$221.8K
Common Stock
$146.1K
$123.3K
$118.1K
$112.9K
$110.6K
$97.8K
$87.4K
$79.2K
$74.1K
$68.1K
$65.2K
$58.4K
Paid-in Capital
$242M
$181M
$161M
$134M
·
·
·
·
·
·
·
·
Retained Earnings
$-167M
$-147M
$-124M
$-107M
$-90M
$-71M
$-64M
$-58M
$-52M
$-46M
$-42M
$-37M
Stockholders' Equity
$75M
$33M
$36M
$28M
$25M
$6M
$5M
$5M
$5M
$3M
$5M
$4M
Liabilities + Equity
$79M
$38M
$42M
$29M
$27M
$7M
$7M
$5M
$6M
$3M
$5M
$4M
Shares Outstanding
146,050,506
123,301,653
118,137,309
112,882,793
110,555,459
97,775,789
87,409,600
79,176,330
74,068,259
68,077,288
65,237,879
58,381,854
Cash Flow10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
D&A
$2M
$2M
$1M
$1M
$878.5K
$784.4K
$698.7K
$465.8K
$325.9K
$195.6K
$179.9K
$151.2K
Stock-based Comp
·
·
·
$6M
$1M
$539.4K
$600.7K
$387.7K
$794.7K
$436.2K
$1M
$824.7K
Deferred Tax
$-4M
$-4M
$-7M
$-5M
$-4M
$-2M
$-2M
$-2M
$5M
$-1M
$-1M
$-211.0K
Amort. of Intangibles
$82.3K
$119.3K
$83.5K
$78.2K
$86.5K
$83.4K
$81.0K
$65.0K
$95.3K
$15.9K
$19.8K
$14.9K
Operating Cash Flow
$-14M
$-16M
$-12M
$-11M
$-10M
$-5M
$-5M
$-4M
$-4M
$-3M
$-3M
$-3M
CapEx
$1M
$2M
$3M
$1M
$1M
$158.1K
$223.5K
$1M
$183.8K
$129.2K
$279.9K
$213.2K
Investing Cash Flow
$-2M
$-3M
$-3M
$-2M
$-1M
$-218.0K
$-305.7K
$-1M
$-265.5K
$-173.8K
$-309.5K
$-294.5K
Financing Cash Flow
$57M
$14M
$23M
$13M
$32M
$6M
$5M
$5M
$6M
$2M
$4M
$4M
Net Change in Cash
·
·
·
·
·
·
$61.7K
$-1M
$2M
$-2M
$564.8K
$895.2K
Free Cash Flow
$-15M
·
$-16M
$-12M
$-11M
$-5M
$-5M
$-5M
$-5M
$-3M
$-4M
$-3M
Profitability6
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Operating Margin
-8765.5%
·
-52405.5%
·
·
·
·
·
·
·
·
·
Net Margin
-8576.5%
·
-51943.2%
·
·
·
·
·
·
·
·
-176391.9%
Pretax Margin
-8576.5%
·
·
·
·
·
·
·
·
·
·
·
EBITDA Margin
-8765.5%
·
-52405.5%
·
·
·
·
·
·
·
·
·
ROA
-34.7%
·
-59.2%
-61.0%
-107.7%
-94.6%
-109.6%
-104.0%
-127.2%
-106.2%
-103.2%
-117.2%
ROE
-39.3%
·
-58.6%
-61.2%
-92.7%
-130.6%
-139.2%
-118.7%
-142.4%
-109.3%
-106.9%
-122.8%
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
32.7
·
12.7
16.9
14.9
4.2
2.6
7.3
6.3
·
·
·
Quick Ratio
32.4
·
12.2
16.0
14.8
3.5
2.2
6.3
5.4
·
·
·
Interest Coverage
·
·
-31.5
-81.7
-8.3
-56.7
-15.5
-32.5
-24.4
-15.2
·
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
0.0
·
0.0
·
·
·
·
·
·
·
·
0.0
Receivables Turnover
2.0
·
2.7
·
·
·
·
·
·
·
·
·
Per Share5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
$0.51
·
$0.31
$0.24
$0.23
$0.06
$0.06
$0.06
$0.07
$0.04
$0.08
$0.07
Revenue / Share
$0.00
·
$0.00
·
·
·
·
·
·
·
·
·
Cash Flow / Share
$-0.11
·
$-0.11
$-0.09
·
·
·
·
·
·
·
·
Cash / Share
$0.47
·
$0.27
$0.21
$0.21
$0.03
$0.03
$0.03
$0.05
$0.03
$0.06
$0.05
EPS (TTM)
$-0.16
$-0.19
$-0.18
$-0.15
$-0.18
$-0.07
·
·
·
·
·
·
Growth Rates1
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue YoY
147.7%
136.1%
·
·
·
·
·
·
·
·
·
·
Valuation (TTM)10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$236.9K
$95.6K
$40.5K
·
·
·
·
·
·
·
·
$2.5K
Net Income TTM
$-20M
$-23M
$-21M
$-17M
$-19M
$-7M
$-7M
$-6M
$-6M
$-4M
$-5M
$-4M
Market Cap
$473M
·
$588M
$487M
$1.65B
$91M
$61M
$56M
$84M
$42M
$38M
$45M
P/E
-20.2
-11.1
-27.7
-28.7
-82.7
-13.3
·
·
·
·
·
·
P/S
1997.9
·
14525.8
·
·
·
·
·
·
·
·
17981.6
P/B
6.3
·
16.1
17.7
65.3
15.7
12.5
11.5
16.8
13.8
7.7
11.1
P / Tangible Book
6.5
8.1
16.7
18.3
67.5
18.7
·
·
·
·
·
·
P / Cash Flow
-34.4
·
-48.1
-46.5
-163.9
-18.7
-12.8
-12.8
-19.1
-13.4
-11.2
-14.3
P / FCF
-31.4
·
-37.9
-41.3
-147.7
-18.1
-12.3
-10.3
-18.4
-12.9
-10.3
-13.4
Earnings Yield
-4.9%
-9.0%
-3.6%
-3.5%
-1.2%
-7.5%
·
·
·
·
·
·
Income Statement17
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
$32.8K
$29.2K
$159.2K
$29.2K
$25.6K
$22.9K
$22.9K
$22.9K
$19.4K
$30.4K
·
·
·
·
·
·
Cost of Revenue
·
$1.3K
$1.3K
·
$3.5K
$2.0K
$984
$1.2K
·
$5.2K
·
·
·
·
·
·
Gross Profit
·
·
·
·
·
$20.9K
·
·
·
$25.2K
·
·
·
·
·
·
R&D Expense
$4M
$3M
$3M
$3M
$3M
$3M
$4M
$4M
$4M
$5M
$4M
$4M
$4M
$4M
$4M
$4M
SG&A Expense
$3M
$3M
$3M
$2M
$2M
$2M
$2M
$1M
$2M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
Operating Expenses
$7M
$7M
$6M
$5M
$5M
$5M
$6M
$5M
$6M
$6M
$5M
$5M
$5M
$5M
$5M
$5M
Operating Income
$-7M
$-7M
$-6M
$-5M
$-5M
$-5M
$-6M
$-5M
$-6M
$-6M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
Interest Expense
·
·
·
·
·
·
·
·
·
·
·
$25.3K
$220.7K
$361.7K
$28.7K
$73.2K
Interest Income
$652.1K
$461.3K
$293.0K
$193.3K
$168.3K
$187.8K
$199.4K
$222.4K
$251.7K
$253.3K
$253.6K
$247.0K
$103.7K
$53.3K
$34.1K
$29.1K
Other Non-op
$8.5K
$-76
$-72
$-119
$1.1K
$-262
$55
$-66
$-2.9K
$-2.2K
$-4.5K
·
·
$-7.7K
·
·
Income Tax
$0
$0
·
$0
$0
$0
·
$0
$0
$0
·
$0
$0
$0
·
·
Net Income
$-7M
$-6M
$-6M
$-5M
$-5M
$-5M
$-6M
$-5M
$-6M
$-6M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
EPS (Basic)
$-0.04
$-0.04
·
$-0.04
$-0.04
$-0.04
·
$-0.04
$-0.05
$-0.05
$-0.04
$-0.04
$-0.05
$-0.05
$-0.05
$-0.04
EPS (Diluted)
$-0.04
$-0.04
$-0.04
$-0.04
$-0.04
$-0.04
$-0.05
$-0.04
$-0.05
$-0.05
$-0.04
$-0.04
$-0.05
$-0.05
$-0.05
$-0.04
Shares (Basic)
153,479,343
148,086,169
·
129,644,824
125,271,407
123,931,841
·
120,901,708
120,179,570
118,950,591
·
116,491,837
114,857,638
113,270,655
·
112,111,706
Shares (Diluted)
153,479,343
148,086,169
·
129,644,824
125,271,407
123,931,841
·
120,901,708
120,179,570
118,950,591
·
116,491,837
114,857,638
113,270,655
·
112,111,706
EBITDA
$-7M
$-7M
·
$-5M
$-5M
$-5M
·
$-5M
$-6M
$-6M
·
$-5M
$-5M
$-5M
·
·
Balance Sheet21
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
$47M
$75M
$69M
$35M
$22M
$25M
$28M
$27M
$29M
$32M
$31M
$31M
$33M
$26M
$24M
$25M
Short-term Investments
$49M
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Receivables
$16.1K
$215.8K
$190.8K
$35.8K
$10.8K
$18.8K
$45.6K
$26.8K
$8.1K
$56.8K
$30.4K
·
·
·
·
·
Prepaid Expense
$2M
$1M
$601.1K
$482.7K
$638.9K
$488.3K
$401.7K
$562.1K
$760.9K
$696.7K
$1M
$563.0K
$812.8K
$703.2K
$611.3K
$647.1K
Current Assets
$98M
$77M
$70M
$35M
$23M
$26M
$28M
$27M
$30M
$32M
$33M
$31M
$33M
$27M
$25M
$26M
PP&E (Net)
$6M
$5M
$5M
$5M
$6M
$6M
$6M
$6M
$6M
$5M
$5M
$4M
$3M
$3M
$3M
$3M
PP&E (Gross)
$15M
$13M
$13M
$13M
$13M
$13M
$12M
$11M
$11M
$10M
$10M
$8M
$8M
$7M
$7M
$6M
Accum. Depreciation
$9M
$8M
$8M
$7M
$7M
$6M
$6M
$6M
$5M
$5M
$5M
$5M
$5M
$4M
$4M
$4M
Intangibles
$2M
$2M
$2M
$2M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$837.0K
Total Assets
$108M
$86M
$79M
$45M
$32M
$36M
$38M
$37M
$40M
$42M
$42M
$39M
$41M
$31M
$29M
$30M
Accounts Payable
$445.4K
$779.7K
$477.9K
$388.5K
$320.5K
$528.7K
$516.0K
$449.8K
$918.0K
$1M
$1M
$429.5K
$422.0K
$364.5K
$791.7K
$582.8K
Current Liabilities
$2M
$2M
$2M
$1M
$1M
$2M
$2M
$1M
$1M
$2M
$3M
$872.5K
$917.6K
$830.5K
$2M
$1M
Capital Leases
$2M
$2M
$2M
$2M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$118.6K
$168.1K
$216.8K
Total Liabilities
$4M
$5M
$5M
$4M
$4M
$4M
$4M
$4M
$4M
$5M
$5M
$4M
$4M
$977.0K
$2M
$1M
Common Stock
$154.2K
$150.5K
$146.1K
$132.7K
$126.5K
$124.7K
$123.3K
$121.5K
$120.7K
$119.8K
$118.1K
$116.7K
$116.2K
$114.1K
$112.9K
$112.4K
Paid-in Capital
$284M
$255M
$242M
$207M
$186M
$187M
$181M
$179M
$176M
$171M
$165M
$159M
·
·
$134M
·
Retained Earnings
$-180M
$-174M
$-167M
$-166M
$-157M
$-155M
$-147M
$-145M
$-140M
$-134M
$-128M
$-123M
$-118M
$-112M
$-107M
$-102M
AOCI
$-48.9K
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Stockholders' Equity
$104M
$81M
$75M
$41M
$29M
$32M
$33M
$33M
$36M
$37M
$36M
$35M
$37M
$30M
$28M
$29M
Liabilities + Equity
$108M
$86M
$79M
$45M
$32M
$36M
$38M
$37M
$40M
$42M
$42M
$39M
$41M
$31M
$29M
$30M
Shares Outstanding
154,166,422
150,500,710
146,050,506
132,705,151
126,466,708
124,654,522
123,301,653
121,471,478
120,706,365
119,795,941
118,137,309
116,683,977
116,184,724
114,103,523
112,882,793
112,374,427
Cash Flow9
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
$490.9K
$496.4K
$468.8K
$491.5K
$488.1K
$455.0K
$442.1K
$435.9K
$418.2K
$386.5K
$321.6K
$266.5K
$255.8K
$275.3K
$286.9K
$261.7K
Amort. of Intangibles
$19.3K
$18.5K
$1.6K
$27.3K
$26.9K
$26.5K
$27.1K
$48.9K
$22.3K
$20.9K
$20.8K
$24.0K
$19.4K
$19.4K
$19.4K
$15.2K
Operating Cash Flow
$-6M
$-4M
$-3M
$-3M
$-4M
$-3M
$-3M
$-4M
$-4M
$-5M
$-2M
$-3M
$-3M
$-4M
$-3M
$-3M
CapEx
$1M
$450.5K
$378.6K
$59.3K
$40.4K
$853.5K
$332.0K
$349.6K
$810.4K
$775.4K
$1M
$835.3K
$732.5K
$246.1K
$135.7K
$798.9K
Investing Cash Flow
$-50M
$-621.4K
$-590.8K
$-224.2K
$-102.8K
$-899.4K
$-419.2K
$-625.4K
$-824.7K
$-828.5K
$-2M
$-873.1K
$-802.7K
$289.6K
$-402.3K
$-1M
Stock Issued
·
·
·
·
·
·
·
·
·
·
·
$1M
$9M
$5M
·
$4M
Net Stock Activity
·
·
·
·
·
·
·
·
·
·
·
·
·
$5M
·
·
Financing Cash Flow
$28M
$11M
$38M
$16M
$934.5K
$2M
$4M
$2M
$3M
$6M
$4M
$2M
$11M
$6M
$2M
$4M
Free Cash Flow
·
$-5M
·
·
·
$-4M
·
·
·
$-6M
·
·
·
$-4M
·
·
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
Gross Margin
·
·
·
·
·
91.1%
·
·
·
·
·
·
·
·
·
·
Operating Margin
-22195.2%
-23058.0%
·
-17757.5%
-19137.6%
-21405.0%
·
-23115.3%
-32237.5%
-19235.5%
·
·
·
·
·
·
Net Margin
-20194.2%
-21601.6%
·
-17488.0%
-19397.1%
-20495.8%
·
-23131.9%
-31101.4%
-18673.5%
·
·
·
·
·
·
EBITDA Margin
-22195.2%
-23058.0%
·
-17757.5%
-19137.6%
-21405.0%
·
-23115.3%
-32237.5%
-19235.5%
·
·
·
·
·
·
ROA
-9.4%
-10.4%
·
-12.4%
-13.8%
-12.1%
·
-13.9%
-15.0%
-15.7%
·
-14.9%
-15.7%
-18.6%
·
·
ROE
-9.9%
-11.2%
·
-13.7%
-15.4%
-13.7%
·
-15.4%
-16.6%
-17.0%
·
-16.1%
-16.9%
-19.3%
·
·
Liquidity & Solvency3
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
62.8
34.0
·
31.1
20.7
16.6
·
24.5
20.1
17.8
·
36.0
36.5
32.4
·
·
Quick Ratio
61.5
33.5
·
30.6
20.1
16.3
·
24.0
19.6
17.4
·
35.4
35.6
31.5
·
·
Interest Coverage
·
·
·
·
·
·
·
·
·
·
·
-212.9
-24.2
-14.3
·
-64.7
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
·
·
·
·
·
·
Receivables Turnover
2.4
0.2
·
0.9
2.7
0.6
·
1.7
4.8
1.1
·
·
·
·
·
·
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
$0.68
$0.54
·
$0.31
$0.23
$0.25
·
$0.28
$0.30
$0.31
·
$0.30
$0.32
$0.26
·
·
Revenue / Share
$0.00
$0.00
·
$0.00
$0.00
$0.00
·
$0.00
$0.00
$0.00
·
·
·
·
·
·
Cash Flow / Share
·
$-0.03
·
·
·
$-0.03
·
·
·
$-0.04
·
·
·
$-0.03
·
·
Cash / Share
$0.31
$0.50
·
$0.26
$0.17
$0.20
·
$0.22
$0.24
$0.26
·
$0.26
$0.28
$0.23
·
·
EPS (TTM)
$-0.16
$-0.16
·
$-0.17
$-0.17
$-0.18
·
$-0.18
$-0.18
$-0.18
·
$-0.19
$-0.19
$-0.17
·
$-0.18
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
$250.3K
$243.1K
·
$100.6K
$94.4K
$88.1K
·
·
·
·
·
·
·
·
·
·
Net Income TTM
$-24M
$-22M
·
$-20M
$-20M
$-22M
·
$-22M
$-22M
$-21M
·
$-21M
$-21M
$-19M
·
$-20M
Market Cap
$1.46B
$1.06B
·
$492M
$157M
$127M
·
$335M
$361M
$561M
·
$522M
$810M
$597M
·
·
P/E
-59.1
-43.9
·
-21.8
-7.3
-5.7
·
-15.3
-16.6
-26.0
·
-23.5
-36.7
-30.8
·
-40.8
P/S
5827.8
4352.1
·
4893.8
1662.0
1443.1
·
·
·
·
·
·
·
·
·
·
P/B
14.0
13.0
·
12.0
5.4
4.0
·
10.0
10.1
15.1
·
14.7
22.0
20.0
·
·
P / Tangible Book
14.3
13.3
·
12.4
5.7
4.2
·
10.4
10.5
15.6
·
15.2
22.7
20.8
·
29.5
P / Cash Flow
·
-260.5
·
·
·
-36.4
·
·
·
-117.5
·
·
·
-159.2
·
·
Earnings Yield
-1.7%
-2.3%
·
-4.6%
-13.7%
-17.6%
·
-6.5%
-6.0%
-3.9%
·
-4.2%
-2.7%
-3.2%
·
-2.5%
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
$236.9K
$95.6K
$40.5K
·
·
Operating Margin %
-8765.5%
·
-52405.5%
·
·
Net Income
$-20M
$-23M
$-21M
$-17M
$-19M
Diluted EPS
$-0.16
$-0.19
$-0.18
$-0.15
$-0.18
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
32.7
·
12.7
16.9
14.9
Quick Ratio
32.4
·
12.2
16.0
14.8
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-15M
·
$-16M
$-12M
$-11M
Institutional owners (13F)
191 filers
· $631.5M total
· As of Sept. 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.
Holders191
Value held$631.5M
New positions77
Exited positions37
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
77 (+34 vs prior Q)
37 (+16 vs prior Q)
54 (+5 vs prior Q)
30 (+8 vs prior Q)
+20.0M
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.