| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and cash equivalents | $45.1M+48.7% | $30.3M-40.0% | $50.5M+18.5% | $42.6M |
| Accounts receivable | $2.0M-44.0% | $3.6M+284.8% | $926K-28.7% | $1.3M |
| Contract assets and unbilled receivables (Note 10) | $1.2M-47.0% | $2.2M+57.0% | $1.4M | — |
| Prepaids and other current assets | $1.8M+247.2% | $515K-53.1% | $1.1M-24.4% | $1.5M |
| Short-term investments | $0-100.0% | $2K-86.7% | $15K-69.4% | $49K |
| Total current assets | $50.0M+36.7% | $36.6M-32.1% | $53.9M+10.1% | $49.0M |
| Property and equipment, net | $199K-21.0% | $252K | $0-100.0% | $6K |
| Total assets | $50.2M+36.3% | $36.9M-31.7% | $53.9M+10.1% | $49.0M |
| Accounts payable | $3.3M+4.6% | $3.1M+46.2% | $2.2M+101.4% | $1.1M |
| Accrued expenses and other liabilities | $4.5M-44.9% | $8.1M | — | — |
| Total current liabilities | $7.8M-31.1% | $11.3M+179.4% | $4.0M+46.8% | $2.8M |
| Warrant liabilities | $26.0M | $0 | — | — |
| Funding agreement, related party | $1.1M | $0 | — | — |
| Total liabilities | $34.9M+208.9% | $11.3M+179.4% | $4.0M+46.8% | $2.8M |
| Series A preferred stock, par value $0.0001; no shares and 14,146 shares were designated as of December 31, 2025 and 2024, respectively; no shares and 14,145.374 shares issued and outstanding at December 31, 2025 and 2024, respectively. | $0-100.0% | $18.8M | $0 | — |
| Preferred stock, par value $0.0001; 10,000,000 and 9,985,854 shares authorized as of December 31, 2025 and 2024, respectively; no shares issued and outstanding at December 31, 2025 and 2024. | $0 | $0 | $0 | $0 |
| Common stock, par value $0.0001; 125,000,000 authorized as of December 31, 2025 and 2024; 69,894,507 and 31,574,657 shares issued and outstanding at December 31, 2025 and 2024, respectively. | $7K+133.3% | $3K+50.0% | $2K+0.0% | $2K |
| Additional paid-in capital | $203.9M+39.9% | $145.7M+10.9% | $131.4M+11.6% | $117.7M |
| Accumulated deficit | -$188.6M-35.7% | -$139.0M-70.6% | -$81.5M-14.0% | -$71.5M |
| Total stockholders' equity | $15.3M+128.3% | $6.7M-86.5% | $49.9M+7.9% | $46.2M |
| Total liabilities, Series A preferred stock, and stockholders' equity | $50.2M+36.3% | $36.9M-31.7% | $53.9M+10.1% | $49.0M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.