NAMSW 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$23M2022-12-31 → 2025-12-31
EPS$-1.722020-12-31 → 2025-12-31
Free Cash Flow$-148M2022-12-31 → 2025-12-31
Net margin-905.7%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
NAMSW
5Y avg
Peer Median
Verdict
P/E (TTM)
-7.45Y avg ≈-5.3
≈-5.3
·
·
P/S (TTM)
64.35Y avg ≈56.3
≈56.3
·
·
P/B (MRQ)
2.15Y avg ≈2.3
≈2.3
·
·
Price / FCF (TTM)
-9.85Y avg ≈-9.8
≈-9.8
·
·
Price / Cash Flow (TTM)
-9.85Y avg ≈-9.8
≈-9.8
·
·
Price / Tangible Book
2.15Y avg ≈2.3
≈2.3
·
·
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
NAMSW
5Y avg
Peer Median
Verdict
Operating Margin (TTM)
-1002.9%5Y avg ≈-896.1%
≈-896.1%
·
·
EBITDA Margin (TTM)
-1001.9%5Y avg ≈-895.6%
≈-895.6%
·
·
Pretax Margin (TTM)
-905.7%5Y avg ≈-897.2%
≈-897.2%
·
·
Net Profit Margin (TTM)
-905.7%5Y avg ≈-897.2%
≈-897.2%
·
·
ROA (TTM)
-24.9%5Y avg ≈-33.5%
≈-33.5%
·
·
ROE (TTM)
-28.3%5Y avg ≈-42.4%
≈-42.4%
·
·
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
NAMSW
5Y avg
Peer Median
Verdict
Current Ratio (MRQ)
7.95Y avg ≈8.9
≈8.9
·
·
Quick Ratio
7.45Y avg ≈8.6
≈8.6
·
·
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
NAMSW
5Y avg
Peer Median
Verdict
Revenue YoY
-50.6%5Y avg ≈28.8%
≈28.8%
·
·
Revenue CAGR 3Y
-39.7%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
NAMSW
5Y avg
Peer Median
Verdict
EPS (Diluted)
$-1.725Y avg ≈$-1.77
≈$-1.77
·
·
Revenue / Share
$0.195Y avg ≈$0.28
≈$0.28
·
·
Cash Flow / Share
$-1.255Y avg ≈$-1.55
≈$-1.55
·
·
Cash / Share
$4.285Y avg ≈$5.18
≈$5.18
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
NAMSW
5Y avg
Peer Median
Verdict
Asset Turnover
0.05Y avg ≈0.0
≈0.0
·
·
Revenue / Employee
≈$225.0K
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement15
Metric
Trend
2025
2024
2023
2022
Revenue
$23M
$46M
$14M
$103M
R&D Expense
$142M
$151M
$159M
$87M
SG&A Expense
$106M
$70M
$38M
$20M
Operating Expenses
$248M
$222M
$197M
$106M
Operating Income
$-226M
$-176M
$-183M
$-4M
Interest Expense
·
·
·
$287.0K
Interest Income
$28M
$17M
$11M
$11.0K
Pretax Income
$-204M
$-242M
$-177M
$-23M
Income Tax
·
$-1.0K
$27.0K
·
Net Income
$-204M
$-242M
$-177M
$-23M
EPS (Basic)
$-1.72
$-2.56
$-2.15
$-1.19
EPS (Diluted)
$-1.72
$-2.56
$-2.15
$-1.19
Shares (Basic)
118,424,231
94,358,067
82,161,956
18,966,235
Shares (Diluted)
118,424,231
94,358,067
82,161,956
18,966,235
EBITDA
$-225M
$-176M
$-183M
$-67M
Balance Sheet17
Metric
Trend
2025
2024
2023
2022
Cash & Equivalents
$490M
$772M
$340M
$439M
Short-term Investments
$146M
$62M
·
·
Prepaid Expense
$38M
$24M
$6M
$10M
Current Assets
$676M
$863M
$347M
$448M
PP&E (Net)
$383.0K
$242.0K
$46.0K
$144.0K
Intangibles
·
·
·
$83M
Total Assets
$769M
$865M
$347M
$532M
Accounts Payable
$9M
$5M
$17M
$19M
Current Liabilities
$86M
$107M
$50M
$35M
Capital Leases
$66.0K
$202.0K
·
$60.0K
Total Liabilities
$86M
$107M
$59M
$48M
Common Stock
$14M
$13M
$10M
$10M
Retained Earnings
$-762M
$-559M
$-317M
$-140M
AOCI
$5M
$4M
$4M
$4M
Stockholders' Equity
$683M
$758M
$288M
$430M
Liabilities + Equity
$769M
$865M
$347M
$478M
Shares Outstanding
114,399,326
108,064,340
82,469,768
81,559,780
Cash Flow8
Metric
Trend
2025
2024
2023
2022
D&A
$220.0K
$113.0K
$49.0K
$9.0K
Stock-based Comp
$59M
$34M
$25M
$4M
Other Non-cash
$-4M
$49M
$11M
$86M
Operating Cash Flow
$-148M
$-159M
$-141M
$11M
CapEx
$246.0K
$672.0K
$24.0K
$221.0K
Investing Cash Flow
$-175M
$-63M
$-24.0K
$-221.0K
Financing Cash Flow
$30M
$660M
$9M
$392M
Free Cash Flow
$-148M
$-159M
$-141M
$8M
Profitability7
Metric
Trend
2025
2024
2023
2022
Operating Margin
-1002.9%
-386.9%
-1298.6%
·
Net Margin
-905.7%
-530.2%
-1255.8%
·
Pretax Margin
-905.7%
-530.2%
-1255.6%
·
EBITDA Margin
-1001.9%
-386.7%
-1298.2%
·
ROA
-24.9%
-39.9%
-42.9%
-26.4%
ROE
-27.9%
-42.5%
-57.1%
-42.1%
ROIC
·
-23.3%
-63.4%
·
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
Current Ratio
7.9
8.1
7.0
12.6
Quick Ratio
7.4
7.8
6.8
12.4
Interest Coverage
·
·
·
-249.3
Efficiency1
Metric
Trend
2025
2024
2023
2022
Asset Turnover
0.0
0.1
0.0
·
Per Share5
Metric
Trend
2025
2024
2023
2022
Book Value / Share
$5.97
$7.01
$3.50
·
Revenue / Share
$0.19
$0.48
$0.17
·
Cash Flow / Share
$-1.25
$-1.68
$-1.72
·
Cash / Share
$4.28
$7.14
$4.13
·
EPS (TTM)
$-1.72
$-2.56
$-2.15
$-1.19
Growth Rates2
Metric
Trend
2025
2024
2023
2022
Revenue YoY
-50.6%
223.4%
-86.3%
·
Revenue CAGR 3Y
-39.7%
·
·
·
Valuation (TTM)10
Metric
Trend
2025
2024
2023
2022
Revenue TTM
$23M
$46M
$14M
$103M
Net Income TTM
$-204M
$-242M
$-177M
$-23M
Market Cap
$2.63B
$1.54B
$258M
·
P/E
-13.4
-5.6
-1.5
-0.7
P/S
116.9
33.8
18.3
·
P/B
3.9
2.0
0.9
·
P / Tangible Book
3.9
2.0
0.9
·
P / Cash Flow
-17.8
-9.7
-1.8
·
P / FCF
-17.8
-9.7
-1.8
·
Earnings Yield
-7.5%
-18.0%
-68.7%
-137.1%
Income Statement14
Metric
Trend
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Revenue
$32.0K
$348.0K
$19M
$3M
$13M
$29M
$2M
$1M
$3M
$2M
$9M
R&D Expense
$39M
$31M
$28M
$45M
$35M
$36M
$38M
$42M
$43M
$34M
$40M
SG&A Expense
$27M
$25M
$27M
$27M
$21M
$18M
$16M
$14M
$9M
$10M
$8M
Operating Expenses
$66M
$55M
$55M
$72M
$56M
$54M
$55M
$57M
$52M
$44M
$48M
Operating Income
$-66M
$-55M
$-36M
$-69M
$-43M
$-25M
$-53M
$-55M
$-50M
$-42M
$-40M
Interest Income
$6M
$7M
$7M
$7M
$4M
$4M
$5M
$3M
$3M
$5M
$943.0K
Pretax Income
$-75M
$-72M
$-17M
$-40M
$-92M
$-17M
$-39M
$-94M
$-47M
$-38M
$-42M
Income Tax
·
·
·
·
$0
$-1.0K
·
·
·
·
·
Net Income
$-75M
$-72M
$-17M
$-40M
$-92M
$-17M
$-39M
$-94M
$-47M
$-38M
$-42M
EPS (Basic)
$-0.62
$-0.61
$-0.15
$-0.34
$-0.91
$-0.18
$-0.41
$-1.06
$-0.57
$-0.47
$-0.51
EPS (Diluted)
$-0.62
$-0.61
$-0.15
$-0.34
$-0.91
$-0.18
$-0.41
$-1.06
$-0.57
$-0.47
$-0.51
Shares (Basic)
·
119,000,266
118,556,492
116,124,941
·
94,754,140
94,711,604
88,380,230
82,466,584
82,064,519
81,634,428
Shares (Diluted)
·
119,000,266
118,556,492
116,124,941
·
94,754,140
94,711,604
88,380,230
82,466,584
82,064,519
81,634,428
EBITDA
·
$-55M
$-36M
$-69M
·
$-25M
$-53M
$-55M
·
·
·
Balance Sheet16
Metric
Trend
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Cash & Equivalents
$490M
$538M
$564M
$748M
$772M
$423M
$431M
$481M
·
·
·
Short-term Investments
$146M
$165M
$175M
$60M
$62M
·
·
·
·
·
·
Prepaid Expense
$38M
$28M
$31M
$9M
$24M
$15M
$15M
$7M
·
·
·
Current Assets
$676M
$732M
$770M
$817M
$863M
$438M
$445M
$488M
·
·
·
PP&E (Net)
$383.0K
$323.0K
$312.0K
$238.0K
$242.0K
$231.0K
$234.0K
$101.0K
·
·
·
Total Assets
$769M
$786M
$815M
$818M
$865M
$439M
$447M
$488M
·
·
·
Accounts Payable
$9M
$4M
$6M
$6M
$5M
$7M
$5M
$9M
·
·
·
Current Liabilities
$86M
$58M
$37M
$41M
$107M
$41M
$45M
$60M
·
·
·
Capital Leases
$66.0K
$85.0K
$103.0K
$137.0K
$202.0K
$266.0K
$328.0K
·
·
·
·
Total Liabilities
$86M
$58M
$37M
$41M
$107M
$60M
$59M
$77M
·
·
·
Common Stock
$14M
$14M
$14M
$14M
$13M
$11M
$11M
$11M
·
·
·
Retained Earnings
$-762M
$-687M
$-615M
$-598M
$-559M
$-466M
$-450M
$-411M
·
·
·
AOCI
$5M
$5M
$4M
$4M
$4M
$4M
$4M
$4M
·
·
·
Stockholders' Equity
$683M
$728M
$778M
$777M
$758M
$379M
$387M
$412M
·
·
·
Liabilities + Equity
$769M
$786M
$815M
$818M
$865M
$439M
$447M
$488M
·
·
·
Shares Outstanding
114,399,326
113,172,684
112,509,914
112,169,291
108,064,340
92,165,605
90,015,357
89,720,836
·
·
·
Cash Flow8
Metric
Trend
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
D&A
$59.0K
$64.0K
$45.0K
$52.0K
$51.0K
$28.0K
$19.0K
$15.0K
$14.0K
$13.0K
$9.0K
Stock-based Comp
$14M
$15M
$15M
$15M
$9M
$8M
$8M
$8M
$5M
$6M
$8M
Other Non-cash
·
·
·
$-12M
·
·
·
$31M
·
·
·
Operating Cash Flow
$-41M
$-33M
$-38M
$-36M
$-37M
$-13M
$-54M
$-55M
$-47M
$-29M
$-32M
CapEx
$100.0K
$42.0K
$88.0K
$16.0K
$3.0K
$75.0K
$209.0K
$385.0K
$9.0K
$5.0K
$7.0K
Investing Cash Flow
$-21M
$3M
$-159M
$3M
$-62M
$-75.0K
$-209.0K
$-385.0K
$-9.0K
$-5.0K
$-7.0K
Financing Cash Flow
$14M
$6M
$3M
$7M
$457M
$58.0K
$5M
$198M
$186.0K
$6M
$2M
Free Cash Flow
·
·
·
$-36M
·
·
·
$-55M
·
·
·
Profitability7
Metric
Trend
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Operating Margin
·
-15845.7%
-186.1%
-2314.5%
·
-85.9%
-2306.9%
-3960.2%
·
·
·
Net Margin
·
-20691.1%
-90.7%
-1327.3%
·
-57.2%
-1711.6%
-6692.9%
·
·
·
Pretax Margin
·
-20691.1%
-90.7%
-1327.3%
·
-57.2%
-1711.6%
-6692.9%
·
·
·
EBITDA Margin
·
-15845.7%
-186.1%
-2312.7%
·
-85.9%
-2306.9%
-3959.1%
·
·
·
ROA
·
-11.8%
-2.8%
-6.0%
·
-7.6%
-17.5%
-38.4%
·
·
·
ROE
·
-13.0%
-3.0%
-6.7%
·
-8.8%
-20.1%
-45.5%
·
·
·
ROIC
·
·
·
·
·
-6.6%
·
·
·
·
·
Liquidity & Solvency2
Metric
Trend
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Current Ratio
·
12.6
21.1
20.0
·
10.6
9.8
8.2
·
·
·
Quick Ratio
·
12.1
20.2
19.8
·
10.2
9.5
8.1
·
·
·
Efficiency1
Metric
Trend
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Asset Turnover
·
0.0
0.0
0.0
·
0.1
0.0
0.0
·
·
·
Per Share5
Metric
Trend
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Book Value / Share
·
$6.43
$6.92
$6.93
·
$4.11
$4.30
$4.59
·
·
·
Revenue / Share
·
$0.00
$0.16
$0.03
·
$0.31
$0.02
$0.02
·
·
·
Cash Flow / Share
·
·
·
$-0.31
·
·
·
$-0.62
·
·
·
Cash / Share
·
$4.76
$5.01
$6.67
·
$4.59
$4.78
$5.36
·
·
·
EPS (TTM)
·
$-2.01
$-1.58
$-1.84
·
$-2.25
$-2.64
$-2.70
·
·
·
Valuation (TTM)9
Metric
Trend
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Revenue TTM
·
$35M
$64M
$47M
·
$34M
$7M
$7M
·
·
·
Net Income TTM
·
$-221M
$-166M
$-187M
·
$-199M
$-229M
$-229M
·
·
·
Market Cap
·
$1.94B
$900M
$1.01B
·
$645M
$785M
$991M
·
·
·
P/E
·
-8.5
-5.1
-4.9
·
-3.1
-3.3
-4.1
·
·
·
P/S
·
54.9
14.1
21.4
·
19.2
105.7
144.3
·
·
·
P/B
·
2.7
1.2
1.3
·
1.7
2.0
2.4
·
·
·
P / Tangible Book
·
2.7
1.2
1.3
·
1.7
2.0
2.4
·
·
·
P / Cash Flow
·
·
·
-27.7
·
·
·
-18.1
·
·
·
Earnings Yield
·
-11.8%
-19.8%
-20.5%
·
-32.1%
-30.3%
-24.5%
·
·
·
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
$23M
$46M
$14M
$103M
·
Operating Margin %
-1002.9%
-386.9%
-1298.6%
·
·
Net Income
$-204M
$-242M
$-177M
$-23M
$-29M
Diluted EPS
$-1.72
$-2.56
$-2.15
$-1.19
$-1.21
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
7.9
8.1
7.0
12.6
·
Quick Ratio
7.4
7.8
6.8
12.4
·
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-148M
$-159M
$-141M
$8M
·
Institutional owners (13F)
11 filers
· $29.6M 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.
Holders11
Value held$29.6M
New positions0
Exited positions0
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
0 (-1 vs prior Q)
0 (0 vs prior Q)
2 (+2 vs prior Q)
0 (-1 vs prior Q)
+13K
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.
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
5 insiders
· 4 officers · 3 directors