WATT 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.
Stock splits2
Ex-date
Split
Type
Aug. 11, 2025
1-for-30
Reverse
Aug. 16, 2023
1-for-20
Reverse
10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$6M2016-12-31 → 2025-12-31
EPS$-6.462021-12-31 → 2025-12-31
Free Cash Flow$-13M2016-12-31 → 2025-12-31
Net margin-76.4%2016-12-31 → 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
WATT
5Y avg
Peer Median
Verdict
P/E (TTM)
-1.85Y avg ≈-252.0
≈-252.0
·
·
P/S (TTM)
7.05Y avg ≈24732.9
≈24732.9
1.3
Overvalued
P/B (MRQ)
1.85Y avg ≈495.1
≈495.1
3.3
Fair value
EV / EBITDA
-1.9
·
·
·
Price / FCF (TTM)
-4.65Y avg ≈-736.0
≈-736.0
·
·
Price / Cash Flow (TTM)
-4.75Y avg ≈-743.4
≈-743.4
·
·
EV / Revenue
3.4
·
·
·
EV / FCF
-1.5
·
·
·
Price / Tangible Book
2.35Y avg ≈714.4
≈714.4
·
·
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
WATT
5Y avg
Peer Median
Verdict
Gross Margin (TTM)
26.6%
·
39.1%
Weak
Operating Margin (TTM)
-82.6%5Y avg ≈-3169.0%
≈-3169.0%
-25.8%
Weak
EBITDA Margin (TTM)
-81.4%5Y avg ≈-3142.9%
≈-3142.9%
-25.8%
Weak
Pretax Margin
-170.4%
·
-35.1%
Weak
Net Profit Margin (TTM)
-76.4%5Y avg ≈-3042.1%
≈-3042.1%
-35.3%
Weak
ROA (TTM)
-27.7%5Y avg ≈-100.1%
≈-100.1%
-24.4%
Weak
ROE (TTM)
-32.8%5Y avg ≈1055.1%
≈1055.1%
-27.7%
Weak
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
WATT
5Y avg
Peer Median
Verdict
Debt / Equity (MRQ)
0.0
·
0.1
Low debt
Current Ratio (MRQ)
8.85Y avg ≈5.3
≈5.3
2.0
Strong liquidity
Quick Ratio
3.75Y avg ≈5.0
≈5.0
1.0
Strong liquidity
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
WATT
5Y avg
Peer Median
Verdict
Revenue YoY
633.1%5Y avg ≈158.9%
≈158.9%
·
·
Revenue CAGR 3Y
87.7%5Y avg ≈33.8%
≈33.8%
·
·
Revenue CAGR 5Y
76.6%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
WATT
5Y avg
Peer Median
Verdict
EPS (Diluted)
$-6.465Y avg ≈$-19.04
≈$-19.04
·
·
Revenue / Share
$3.795Y avg ≈$1.00
≈$1.00
·
·
Cash Flow / Share
$-8.365Y avg ≈$-3.81
≈$-3.81
·
·
Cash / Share
$4.735Y avg ≈$1.67
≈$1.67
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
WATT
5Y avg
Peer Median
Verdict
Asset Turnover
0.55Y avg ≈0.1
≈0.1
0.6
In line
Inventory Turnover
3.65Y avg ≈7.6
≈7.6
2.5
Top tier
Receivables Turnover
3.75Y avg ≈4.9
≈4.9
4.0
In line
Revenue / Employee
≈$208.5K
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise10.9%
Next ReportNov 10, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 12, 2026
$-0.50
$-0.21
-133.4%
March 31, 2026
May 11, 2026
$-0.40
$-0.61
34.6%
Dec. 31, 2025
$-0.92
$-0.83
-11.4%
Sept. 30, 2025
$-0.00
$-0.05
98.0%
Dec. 31, 2024
$-13.50
$-22.64
40.4%
Sept. 30, 2024
$-15.00
$-22.64
33.8%
June 30, 2024
$-19.50
$-22.80
14.5%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement16
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
$6M
$768.0K
$474.0K
$851.3K
$756.8K
$327.4K
$200.1K
$514.8K
$1M
$1M
$2M
$0
Cost of Revenue
$4M
$756.0K
$279.0K
$1M
·
$126.5K
·
·
·
·
·
·
Gross Profit
$2M
$12.0K
$195.0K
·
·
·
·
·
·
·
·
·
R&D Expense
$4M
$8M
$11M
$12M
$21M
$17M
$23M
$33M
$33M
$33M
$19M
$13M
SG&A Expense
$4M
$6M
$7M
$8M
$9M
$9M
$10M
$12M
$12M
$11M
$8M
$5M
Operating Expenses
$12M
$18M
$22M
$28M
$42M
$32M
$39M
$51M
$51M
$47M
$30M
$20M
Operating Income
$-10M
$-18M
$-22M
$-27M
$-41M
$-32M
$-39M
$-51M
$-49M
$-46M
$-28M
$-20M
Other Non-op
$422.0K
$12.0K
$3M
$411.1K
$5.5K
$67.1K
$408.8K
$89.3K
$11.0K
$13.3K
$15.6K
$-25M
Pretax Income
$-10M
$-18M
·
·
·
·
·
·
·
·
·
·
Income Tax
·
·
$0
·
·
·
·
·
·
·
·
·
Net Income
$-10M
$-18M
$-19M
$-26M
$-41M
$-32M
$-38M
$-51M
$-49M
$-46M
$-28M
$-46M
EPS (Basic)
$-6.46
$-77.16
$-4.15
$-6.78
$-0.64
·
·
·
·
·
·
·
EPS (Diluted)
$-6.46
$-77.16
$-4.15
$-6.78
$-0.64
·
·
·
·
·
·
·
Shares (Basic)
1,485,101
238,453
4,663,594
3,874,295
64,926,524
·
·
·
·
·
·
·
Shares (Diluted)
1,485,101
238,453
4,663,594
3,874,295
64,926,524
·
·
·
·
·
·
·
EBITDA
$-10M
$-18M
$-22M
$-26M
$-41M
$-32M
$-38M
$-50M
$-48M
$-45M
$-27M
$-20M
Balance Sheet22
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$10M
$1M
$14M
$26M
$49M
$51M
$22M
$20M
$13M
$31M
$30M
$31M
Receivables
$3M
$78.0K
$102.0K
$143.4K
$283.6K
$75.8K
$63.1K
$44.5K
$0
$149.5K
$0
$0
Inventory
$2M
$498.0K
$430.0K
$105.8K
·
·
·
·
·
·
·
·
Prepaid Expense
$422.0K
$983.0K
$539.0K
$827.6K
$874.9K
$636.7K
$450.2K
$581.0K
$1M
$1M
$722.2K
$416.6K
Current Assets
$15M
$3M
$15M
$27M
$50M
$51M
$22M
$21M
$14M
$33M
$31M
$32M
PP&E (Net)
$298.0K
$356.0K
$429.0K
$429.0K
$510.2K
$402.7K
$626.5K
$1M
$1M
$2M
$2M
$2M
PP&E (Gross)
$3M
$5M
$4M
$4M
$4M
$4M
$5M
$6M
$5M
$4M
$3M
$2M
Accum. Depreciation
$3M
$4M
$4M
$4M
$4M
$4M
$4M
$4M
$3M
$2M
$1M
$356.5K
Other Non-current Assets
$252.0K
·
·
·
$12.0K
$1.6K
$2.4K
$2.4K
$32.5K
$48.5K
$51.3K
$22.6K
Total Assets
$17M
$4M
$17M
$30M
$51M
$53M
$25M
$22M
$15M
$35M
$33M
$34M
Accounts Payable
$954.0K
$2M
$2M
$900.8K
$1M
$1M
$2M
$2M
$2M
$5M
$2M
$2M
Accrued Liabilities
$2M
$1M
$1M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$1M
$792.3K
Short-term Debt
$88.0K
$818.0K
·
·
·
·
·
·
·
·
·
·
Current Liabilities
$4M
$5M
$5M
$4M
$4M
$4M
$4M
$4M
$4M
$7M
$3M
$3M
Capital Leases
$589.0K
·
$557.0K
$1M
$40.4K
$576.8K
$1M
·
·
·
·
·
Total Liabilities
$4M
$5M
$5M
$5M
$4M
$4M
$6M
$4M
·
·
·
·
Total Debt
$88.0K
$818.0K
·
·
·
·
·
·
·
·
·
·
Common Stock
$1.0K
$1.0K
$1.0K
$789
$767
$614
$333
$265
$225
$202
$161
$127
Retained Earnings
$-410M
$-400M
$-382M
$-363M
$-336M
$-295M
$-263M
$-225M
$-174M
$-125M
$-79M
$-51M
Stockholders' Equity
$12M
$-1M
$11M
$25M
$47M
$49M
$19M
$18M
$12M
$29M
$29M
$31M
Liabilities + Equity
$17M
$4M
$17M
$30M
$51M
$53M
$25M
$22M
$15M
$35M
$33M
$34M
Shares Outstanding
2,200,240
452,533
5,471,121
3,947,267
76,667,205
61,292,412
33,203,806
26,526,303
22,584,588
20,367,929
16,298,208
12,781,502
Cash Flow12
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
D&A
$139.0K
$196.0K
$187.0K
$246.2K
$258.2K
$356.3K
$781.2K
$1M
$1M
$957.8K
$817.7K
$371.2K
Stock-based Comp
$281.0K
$799.0K
$2M
$3M
$12M
$8M
$11M
$17M
$16M
$10M
$6M
$3M
Other Non-cash
$-3M
$-170.0K
$-2M
$-526.5K
$517.5K
$-1M
$350.1K
$504.6K
$-2M
$2M
$786.8K
$27M
Operating Cash Flow
$-12M
$-18M
$-19M
$-24M
$-29M
$-25M
$-27M
$-33M
$-34M
$-33M
$-20M
$-16M
CapEx
$82.0K
$123.0K
$187.0K
$165.0K
$365.7K
$136.6K
$196.2K
$859.8K
$817.4K
$1M
$1M
$2M
Investing Cash Flow
$-82.0K
$-123.0K
$-187.0K
$-165.0K
$-365.7K
$-136.6K
$-196.2K
$-859.8K
$-814.6K
$-1M
$-1M
·
Stock Issued
·
$0
$95.0K
$27M
$744.8K
$54M
$23M
$39M
$15M
$35M
$0
$0
Stock Repurchased
·
·
·
·
·
·
·
·
·
·
$0
$0
Net Stock Activity
·
$0
$94.6K
$27M
$54M
$54M
$23M
$39M
$15M
$35M
$0
$0
Financing Cash Flow
$22M
$5M
$7M
$1M
$27M
$54M
$28M
$41M
$17M
$36M
$19M
·
Net Change in Cash
$9M
$-13M
$-12M
$-23M
$-2M
$29M
$2M
$7M
$-18M
$1M
$-2M
$30M
Free Cash Flow
$-13M
$-18M
$-19M
$-24M
$-29M
$-25M
$-27M
$-33M
$-35M
$-34M
$-21M
$-17M
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Gross Margin
36.0%
1.6%
·
·
·
·
·
·
·
·
·
·
Operating Margin
-177.9%
-2397.1%
-4660.6%
-3134.7%
-5474.8%
-9744.7%
-19390.1%
-9892.6%
-4279.7%
-3156.5%
-1103.1%
1988.2%
Net Margin
-170.4%
-2395.6%
-4084.2%
-3086.4%
-5474.1%
-9724.2%
-19185.8%
-9875.3%
-4278.7%
-3155.6%
-1102.5%
4450.1%
Pretax Margin
-170.4%
·
·
·
·
·
·
·
·
·
·
·
EBITDA Margin
-175.4%
-2371.6%
-4621.1%
-3105.8%
-5440.7%
-9635.8%
-18999.8%
-9687.7%
-4166.2%
-3090.5%
-1070.4%
1952.0%
ROA
-93.4%
-179.8%
-83.4%
-64.8%
-79.3%
-81.6%
-163.8%
-271.8%
-194.9%
-134.9%
-82.9%
-252.0%
ROE
-90.2%
5722.5%
-146.0%
-97.5%
-113.5%
-93.5%
-190.6%
-224.6%
-245.0%
-158.5%
-91.0%
-351.1%
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
4.2
0.6
3.2
7.1
11.6
14.7
5.0
5.7
3.8
4.9
9.0
12.8
Quick Ratio
3.7
0.3
3.0
6.9
11.4
14.5
4.9
5.5
3.5
4.7
8.8
12.6
Debt / Equity
0.0
-0.8
·
·
·
·
·
·
·
·
·
·
Efficiency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
0.5
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
-0.1
Inventory Turnover
3.6
1.6
1.0
24.1
·
·
·
·
·
·
·
·
Receivables Turnover
3.7
8.5
3.9
4.0
4.2
4.7
3.7
23.1
·
19.4
·
·
Per Share5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
$5.68
$-0.08
$2.10
$0.31
$0.61
$0.80
$0.57
$0.69
$0.52
$1.40
$1.80
$2.45
Revenue / Share
$3.79
$0.11
$0.10
$0.01
·
·
·
·
·
·
·
·
Cash Flow / Share
$-8.36
$-2.46
$-4.13
$-0.30
·
·
·
·
·
·
·
·
Cash / Share
$4.73
$0.10
$2.55
$0.33
$0.64
$0.83
$0.65
$0.76
$0.57
$1.53
$1.83
$2.46
EPS (TTM)
$-6.46
$-77.16
$-4.15
$-6.78
$-0.64
·
·
·
·
·
·
·
Growth Rates3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue YoY
633.1%
62.0%
-44.3%
12.5%
131.2%
·
·
·
·
·
·
·
Revenue CAGR 3Y
87.7%
0.49%
13.1%
·
·
·
·
·
·
·
·
·
Revenue CAGR 5Y
76.6%
·
·
·
·
·
·
·
·
·
·
·
Valuation (TTM)14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$6M
$768.0K
$474.0K
$851.3K
$756.8K
$327.4K
$200.1K
$514.8K
$1M
$1M
$2M
$0
Net Income TTM
$-10M
$-18M
$-19M
$-26M
$-41M
$-32M
$-38M
$-51M
$-49M
$-46M
$-28M
$-46M
Market Cap
$9M
$411M
$300M
$39.60B
$57.50B
$66.20B
$35.26B
$92.15B
$263.56B
$205.92B
$77.35B
$84.05B
Enterprise Value
$-2M
$411M
·
·
·
·
·
·
·
·
·
·
P/E
-0.6
-0.4
-13.2
-74.0
-1171.9
·
·
·
·
·
·
·
P/S
1.6
535.6
633.7
46514.5
75979.0
202217.2
176186.2
178998.2
228388.3
141823.8
30940.5
·
P/B
0.7
-381.9
26.1
1606.7
1223.8
1349.5
1854.7
5016.3
22414.2
7212.3
2642.3
2683.6
P / Tangible Book
0.7
·
26.1
1606.8
1223.8
1349.5
·
·
·
·
·
·
P / Cash Flow
-0.7
-23.4
-15.6
-1675.3
-2002.1
-2670.1
-1324.6
-2833.1
-7654.9
-6228.2
-3866.5
-5385.7
P / FCF
-0.7
-23.2
-15.5
-1663.7
-1976.9
-2655.5
-1314.9
-2760.1
-7477.4
-6021.1
-3676.6
-4879.3
EV / EBITDA
0.2
-22.6
·
·
·
·
·
·
·
·
·
·
EV / FCF
0.1
-23.2
·
·
·
·
·
·
·
·
·
·
EV / Revenue
-0.3
534.9
·
·
·
·
·
·
·
·
·
·
Earnings Yield
-161.9%
-254.7%
-7.6%
-1.4%
-0.09%
·
·
·
·
·
·
·
Income Statement14
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
$3M
$3M
$3M
$1M
$975.0K
$343.0K
$428.0K
$230.0K
$46.0K
$64.0K
$91.0K
$169.0K
$117.0K
$97.0K
$179.2K
$223.2K
Cost of Revenue
$3M
$2M
$2M
$814.0K
$637.0K
$250.0K
$219.0K
$306.0K
$122.0K
$109.0K
$9.0K
$48.0K
$83.0K
$139.0K
$382.9K
$420.1K
Gross Profit
$94.0K
$1M
$1M
$458.0K
$338.0K
$93.0K
$209.0K
$-76.0K
$-76.0K
$-45.0K
·
·
·
·
·
·
R&D Expense
$1M
$1M
$937.0K
$897.0K
$1M
$1M
$2M
$1M
$2M
$2M
$2M
$2M
$3M
$3M
$3M
$3M
SG&A Expense
$1M
$1M
$1M
$1M
$1M
$895.0K
$1M
$1M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
Operating Expenses
$3M
$3M
$3M
$3M
$3M
$4M
$4M
$4M
$5M
$7M
$4M
$5M
$6M
$6M
$7M
$6M
Operating Income
$-3M
$-2M
$-1M
$-2M
$-3M
$-4M
$-4M
$-4M
$-5M
$-7M
$-5M
$-5M
$-6M
$-6M
$-6M
$-6M
Other Non-op
$282.0K
$190.0K
$107.0K
$78.0K
$-8.0K
$245.0K
$-616.0K
$169.0K
$393.0K
$66.0K
$-9.0K
$967.0K
$2M
$-359.0K
$218.3K
$142.8K
Net Income
$-3M
$-2M
$-1M
$-2M
$-3M
$-3M
$-4M
$-3M
$-4M
$-7M
$-5M
$-4M
$-4M
$-7M
$-6M
$-6M
EPS (Basic)
$-0.53
$-0.43
$-4.95
$-1.31
$-2.35
$-3.55
$-60.42
$-14.98
$-0.65
$-1.11
$-0.78
$-0.86
$-0.88
$-1.63
$-5.06
$-1.54
EPS (Diluted)
$-0.53
$-0.43
$-4.95
$-1.31
$-2.35
$-3.55
$-60.42
$-14.98
$-0.65
$-1.11
$-0.78
$-0.86
$-0.88
$-1.63
$-5.06
$-1.54
Shares (Basic)
5,508,512
3,882,415
·
1,610,246
1,187,945
948,109
·
227,810
6,539,202
5,961,186
·
4,762,187
4,562,079
4,070,438
·
3,879,804
Shares (Diluted)
5,508,512
3,882,415
·
1,610,246
1,187,945
948,109
·
227,810
6,539,202
5,961,186
·
4,762,187
4,562,079
4,070,438
·
3,879,804
EBITDA
$-3M
$-2M
·
$-2M
$-3M
$-4M
·
$-4M
$-5M
$-7M
·
$-5M
$-6M
$-6M
·
$-6M
Balance Sheet22
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
$31M
$37M
$10M
$13M
$9M
$10M
$1M
$1M
$5M
$11M
$14M
$17M
$20M
$26M
$26M
$30M
Receivables
$3M
$3M
$3M
$1M
$663.0K
$312.0K
$78.0K
$152.0K
$64.0K
$27.0K
$102.0K
$120.2K
$168.1K
$100.9K
$143.4K
$243.3K
Inventory
$3M
$1M
$2M
$1M
$687.0K
$644.0K
$498.0K
$737.0K
$556.0K
$623.0K
$430.0K
$199.6K
$176.8K
$71.6K
$105.8K
$164.4K
Prepaid Expense
$7M
$3M
$422.0K
$1M
$953.0K
$844.0K
$983.0K
$511.0K
$452.0K
$316.0K
$539.0K
$896.3K
$1M
$649.5K
$827.6K
$1M
Current Assets
$44M
$44M
$15M
$17M
$11M
$12M
$3M
$3M
$6M
$12M
$15M
$18M
$22M
$27M
$27M
$32M
PP&E (Net)
$495.0K
$302.0K
$298.0K
$287.0K
$306.0K
$332.0K
$356.0K
$404.0K
$389.0K
$382.0K
$429.0K
$388.5K
$389.7K
$383.2K
$429.0K
$436.4K
PP&E (Gross)
$4M
$3M
$3M
$3M
$3M
$5M
$5M
·
·
·
$4M
·
·
·
$4M
·
Accum. Depreciation
$3M
$3M
$3M
$3M
$3M
$4M
$4M
·
·
·
$4M
·
·
·
$4M
·
Other Non-current Assets
$371.0K
$304.0K
$252.0K
·
·
·
·
·
·
·
·
·
·
·
·
$12.0K
Total Assets
$45M
$46M
$17M
$18M
$12M
$13M
$4M
$4M
$7M
$13M
$17M
$20M
$24M
$29M
$30M
$34M
Accounts Payable
$2M
$907.0K
$954.0K
$1M
$772.0K
$1M
$2M
$2M
$2M
$2M
$2M
$768.9K
$1M
$1M
$900.8K
$893.8K
Accrued Liabilities
$2M
$831.0K
$2M
$2M
$1M
$534.0K
$1M
$956.0K
$991.0K
$1M
$1M
$2M
$1M
$1M
$2M
$2M
Short-term Debt
$307.0K
$35.0K
$88.0K
$139.0K
$350.0K
$523.0K
$818.0K
·
·
·
·
·
·
·
·
·
Current Liabilities
$5M
$2M
$4M
$3M
$3M
$3M
$5M
$4M
$4M
$6M
$5M
$4M
$5M
$7M
$4M
$4M
Capital Leases
$300.0K
$446.0K
$589.0K
$715.0K
$839.0K
$960.0K
·
·
$186.0K
$369.0K
$557.0K
$739.8K
$915.9K
$1M
$1M
$1M
Total Liabilities
$5M
$3M
$4M
$4M
$4M
$4M
$5M
$4M
$4M
$6M
$5M
$5M
$6M
$8M
$5M
$5M
Total Debt
$307.0K
$35.0K
·
$139.0K
$350.0K
$523.0K
·
·
·
·
·
·
·
·
·
·
Common Stock
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$925
$921
$911
$789
$778
Retained Earnings
$-415M
$-412M
$-410M
$-409M
$-407M
$-404M
$-400M
$-396M
$-393M
$-389M
$-382M
$-377M
$-373M
$-369M
$-363M
$-357M
Stockholders' Equity
$40M
$43M
$12M
$14M
$9M
$9M
$-1M
$434.0K
$3M
$7M
$11M
$15M
$18M
$21M
$25M
$29M
Liabilities + Equity
$45M
$46M
$17M
$18M
$12M
$13M
$4M
$4M
$7M
$13M
$17M
$20M
$24M
$29M
$30M
$34M
Shares Outstanding
5,527,071
5,501,099
2,200,240
1,824,844
39,260,571
32,393,616
452,533
7,774,275
6,554,296
6,085,766
5,471,121
5,046,994
92,040,276
91,032,030
3,947,267
77,722,402
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
$42.0K
$34.0K
$28.0K
$25.0K
$41.0K
$45.0K
$48.0K
$50.0K
$50.0K
$48.0K
$49.0K
$47.7K
$44.2K
$46.0K
$45.2K
$73.7K
Stock-based Comp
$62.0K
$50.0K
$33.0K
$40.0K
$97.0K
$111.0K
$123.0K
$129.0K
$143.0K
$404.0K
$283.0K
$369.0K
$504.0K
$522.0K
$759.9K
$698.2K
Other Non-cash
·
$-4M
·
·
·
$-1M
·
·
·
$1M
·
·
·
$720.3K
·
·
Operating Cash Flow
$-5M
$-6M
$-2M
$-2M
$-3M
$-5M
$-3M
$-4M
$-6M
$-5M
$-3M
$-4M
$-6M
$-5M
$-5M
$-5M
CapEx
$235.0K
$38.0K
$39.0K
$6.0K
$16.0K
$21.0K
$0
$65.0K
$57.0K
$1.0K
$90.0K
$46.0K
·
·
$37.8K
$14.7K
Investing Cash Flow
$-235.0K
$-38.0K
$-39.0K
$-6.0K
$-16.0K
$-21.0K
$0
$-65.0K
$-57.0K
$-1.0K
$-90.0K
$-46.0K
·
·
$-37.8K
$-14.7K
Financing Cash Flow
$103.0K
$32M
$-50.0K
$7M
$1M
$13M
$3M
$709.0K
$-33.0K
$2M
$780.0K
$886.4K
$2.0K
$5M
$767.9K
$85.0K
Net Change in Cash
$-5M
$26M
$-2M
$4M
$-1M
$9M
$-98.0K
$-3M
$-6M
$-3M
$-3M
$-3M
$-6M
$53.0K
$-4M
$-5M
Free Cash Flow
·
$-6M
·
·
·
$-5M
·
·
·
$-5M
·
·
·
·
·
·
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
3.0%
35.5%
·
36.0%
34.7%
27.1%
·
·
·
·
·
·
·
·
·
·
Operating Margin
-103.4%
-59.9%
·
-172.2%
-285.1%
-1052.8%
·
-1557.0%
-10110.9%
-10414.1%
·
-3012.0%
-5231.8%
-6510.5%
·
-2736.4%
Net Margin
-94.2%
-53.7%
·
-166.1%
-285.9%
-981.3%
·
-1483.5%
-9256.5%
-10310.9%
·
-2438.9%
-3410.8%
-6881.2%
·
-2672.4%
EBITDA Margin
-103.4%
-58.8%
·
-172.2%
-285.1%
-1039.6%
·
-1557.0%
-10110.9%
-10339.1%
·
-3012.0%
-5231.8%
-6463.1%
·
-2736.4%
ROA
-10.1%
-5.6%
·
-19.4%
-28.6%
-25.4%
·
-29.0%
-27.7%
-31.1%
·
-15.2%
-12.6%
-18.1%
·
-18.4%
ROE
-11.9%
-6.3%
·
-29.8%
-47.3%
-40.4%
·
-44.1%
-40.7%
-46.2%
·
-18.6%
-15.3%
-21.4%
·
-21.6%
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
8.8
18.5
·
4.9
4.0
4.1
·
0.8
1.5
2.1
·
4.7
4.6
4.0
·
8.5
Quick Ratio
6.9
16.7
·
4.2
3.4
3.6
·
0.5
1.2
1.9
·
4.4
4.3
3.9
·
8.1
Debt / Equity
0.0
0.0
·
0.0
0.0
0.1
·
·
·
·
·
·
·
·
·
·
Efficiency3
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
0.1
0.1
·
0.1
0.1
0.0
·
0.0
0.0
0.0
·
0.0
0.0
0.0
·
0.0
Inventory Turnover
1.9
2.1
·
0.8
1.0
0.4
·
0.7
0.3
0.3
·
0.3
0.7
2.0
·
5.1
Receivables Turnover
1.6
1.8
·
1.8
2.7
2.0
·
1.7
0.4
1.0
·
0.9
0.6
0.6
·
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
$7.25
$7.77
·
$7.52
$0.22
$0.29
·
$0.06
$0.46
$1.18
·
$2.98
$0.19
$0.23
·
$0.38
Revenue / Share
$0.56
$0.79
·
$0.79
$0.03
$0.01
·
$0.03
$0.01
$0.01
·
$0.04
$0.00
$0.00
·
$0.00
Cash Flow / Share
·
$-1.44
·
·
·
$-0.16
·
·
·
$-0.85
·
·
·
$-0.07
·
·
Cash / Share
$5.64
$6.65
·
$7.07
$0.22
$0.31
·
$0.19
$0.74
$1.75
·
$3.28
$0.22
$0.29
·
$0.39
EPS (TTM)
$-7.22
$-9.04
·
$-67.63
$-81.30
$-79.60
·
$-17.52
$-3.40
$-3.63
·
$-8.43
$-9.11
$-8.32
·
$-1.85
Valuation (TTM)11
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
$10M
$8M
·
$3M
$2M
$1M
·
$431.0K
$370.0K
$441.0K
·
$562.2K
$616.4K
$732.4K
·
$897.5K
Net Income TTM
$-8M
$-8M
·
$-12M
$-14M
$-15M
·
$-19M
$-20M
$-19M
·
$-21M
$-23M
$-26M
·
$-30M
Market Cap
$133M
$86M
·
$14M
$322M
$265M
·
$138M
$214M
$371M
·
$242M
$13.25B
$29.49B
·
$48.03B
Enterprise Value
$102M
$50M
·
$1M
$313M
$256M
·
·
·
·
·
·
·
·
·
·
P/E
-3.3
-1.7
·
-0.1
-0.1
-0.1
·
-1.0
-9.6
-16.8
·
-5.7
-15.8
-38.9
·
-334.1
P/S
12.7
10.3
·
4.7
162.7
253.4
·
319.8
579.3
840.4
·
430.9
21502.3
40273.1
·
53515.8
P/B
3.3
2.0
·
1.0
36.6
27.9
·
317.6
71.3
51.8
·
16.1
740.5
1379.0
·
1641.7
P / Tangible Book
3.3
2.0
·
1.0
36.6
27.9
·
317.6
71.3
51.8
·
16.1
740.5
1379.0
·
1641.7
P / Cash Flow
·
-15.5
·
·
·
-56.8
·
·
·
-73.1
·
·
·
-5498.2
·
·
EV / Revenue
9.7
5.9
·
0.4
158.5
244.3
·
·
·
·
·
·
·
·
·
·
Earnings Yield
-30.0%
-57.6%
·
-876.0%
-992.7%
-971.9%
·
-98.8%
-10.4%
-6.0%
·
-17.6%
-6.3%
-2.6%
·
-0.30%
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
$6M
$768.0K
$474.0K
$851.3K
$756.8K
Gross Margin %
36.0%
1.6%
·
·
·
Operating Margin %
-177.9%
-2397.1%
-4660.6%
-3134.7%
-5474.8%
Net Income
$-10M
$-18M
$-19M
$-26M
$-41M
Diluted EPS
$-6.46
$-77.16
$-4.15
$-6.78
$-0.64
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
0.0
-0.8
·
·
·
Current Ratio
4.2
0.6
3.2
7.1
11.6
Quick Ratio
3.7
0.3
3.0
6.9
11.4
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-13M
$-18M
$-19M
$-24M
$-29M
Institutional owners (13F)
54 filers
· $49.5M 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.
Holders54
Value held$49.5M
New positions31
Exited positions10
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
31 (+14 vs prior Q)
10 (+8 vs prior Q)
14 (+8 vs prior Q)
5 (+2 vs prior Q)
+1.1M
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.
Filer
Filed
Stake
Status
Purpose
Filing
Malcolm P. Fairbairn, Emily Fairbairn, Valley High Limited Partnership, Valley High Capital LLC, Grant Fairbairn Irrevocable Trust September 30, 2011, Nina Fairbairn Irrevocable Trust September 30, 2011, Ascend Legend Master Fund, Ltd., Ascend Capital, LLC, Ascend Capital Limited Partnership
×3 filings
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
27 insiders
· 10 officers · 17 directors