7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 
      
    		                    
      revenue
    		30,512,000 15,236,000 10,457,000                  
      yoy
    		                    
      qoq
    		100.26% 45.70%                   
      cost of goods sold
    		64,437,000 46,189,000 34,996,000 30,753,000 25,764,000 14,121,000 28,229,000 30,350,000 21,262,000 11,246,000 26,940,000 30,792,000 50,025,000 36,866,000 35,585,000 21,126,000 12,904,000 12,364,000 100,000  
      gross profit
    		-33,925,000 -30,953,000 -24,539,000                  
      yoy
    		                    
      qoq
    		9.60% 26.14%                   
      gross margin %
    		-111.19% -203.16% -234.67%                  
      operating expenses
    		                    
      research and development expenses
    		6,925,000 7,201,000 6,837,000 5,880,000 7,428,000 4,250,000 5,200,000 5,009,000 3,228,000 5,026,000 5,445,000 3,580,000 4,462,000 5,464,000 4,963,000 5,375,000 5,118,000 3,647,000 5,053,000  
      selling, general and administrative expenses
    		19,786,000 25,488,000 20,995,000 16,716,000 17,796,000 11,293,000 14,242,000 13,481,000 13,076,000 13,138,000 13,955,000 12,578,000 14,651,000 19,115,000 14,279,000 14,046,000 8,825,000    
      income from write-down of property, plant and equipment
    		585,000 205,000 561,000 5,605,000 3,192,000 271,000 65,000 8,000 955,000 5,436,000 760,000 4,345,000 496,000 1,997,000       
      total operating expenses
    		27,296,000 32,894,000 28,393,000                  
      operating income
    		-61,221,000 -63,847,000 -52,932,000 -51,701,000 -53,326,000 -29,037,000 -41,135,000 -42,238,000 -37,837,000 -34,597,000 -38,265,000 -48,609,000 -63,569,000 -57,378,000 -51,702,000 -37,599,000 -26,286,000 -49,188,000 -21,651,000  
      yoy
    		14.81% 119.88% 28.68% 22.40% 40.94% -16.07% 7.50% -13.11% -40.48% -39.70% -25.99% 29.28% 141.84% 16.65% 138.80%      
      qoq
    		-4.11% 20.62% 2.38% -3.05% 83.65% -29.41% -2.61% 11.63% 9.36% -9.59% -21.28% -23.53% 10.79% 10.98% 37.51% 43.04% -46.56% 127.19%   
      operating margin %
    		-200.65% -419.05% -506.19%                  
      other income
    		-337,000 -606,000 -560,000 -3,393,000 -1,593,000 -3,270,000 136,000 -1,321,000 421,000 -878,000 -17,000 -5,000 41,000 -632,000 119,000      
      interest expense
    		-4,846,000 -2,129,000 -164,000 -803,000 -133,000 -3,515,000 -4,267,000 -4,061,000 -4,994,000 -4,886,000 -4,829,000 -4,527,000 -2,766,000 -284,000 -338,000 -76,750 -132,000 -154,000 -21,000  
      interest income - related party
    		840,000                    
      change in fair value of debt - related party
    		-3,570,000 31,615,000 -5,933,000 37,099,000 -3,036,000 -240,000               
      change in fair value of warrants
    		-240,825,000 -57,936,000 45,925,000 -99,716,000 -66,469,000 -7,941,000 2,900,000              
      change in fair value of derivatives - related parties
    		-327,841,000 -76,455,000 34,586,000 -145,161,000 -213,034,000 -47,727,000 534,000              
      gain on debt extinguishment
    		-3,589,000 -49,063,000    68,478,000               
      income before income taxes
    		-641,389,000 -222,931,000 15,141,000 -268,120,000 -342,882,000 -28,164,000 -46,683,000 -41,202,000 14,945,000 -131,628,000 -71,590,000 -56,607,000 -70,612,000 -56,710,000 -45,833,000      
      income tax benefit
    		4,000         2,000 10,000   23,000 42,000      
      net income attributable to shareholders
    		-641,393,000 -222,937,000 15,136,000 -268,124,000 -342,866,000 -28,172,000               
      remeasurement of preferred stock - related party
    		-691,094,000 -21,385,000 79,997,000                  
      down round deemed dividend
    		 -4,456,000                   
      net income attributable to common shareholders
    		-1,332,487,000 -248,778,000 95,133,000 -481,516,000 -384,133,000 -51,843,000               
      other comprehensive loss
    		                    
      change in fair value of debt - credit risk - related party
    		-17,784,000 -6,224,000                   
      foreign currency translation adjustment
    		-3,000 14,000 7,000                  
      comprehensive income attributable to common shareholders
    		-1,350,274,000 -254,988,000 95,140,000 -520,376,000 -388,772,000 -51,842,000 -46,708,000 -41,208,000 14,932,000 -131,630,000 -71,600,000 -56,613,000 -70,722,000 -56,687,000 -45,791,000 -30,593,000 -18,124,000 -54,043,000 -21,456,000  
      yoy
    		247.32% 391.86% -303.69% 1162.80% -2703.62% -60.62% -34.77% -27.21% -121.11% 132.20% 56.36% 85.05% 290.21% 4.89% 113.42%      
      qoq
    		429.54% -368.01% -118.28% 33.85% 649.92% 10.99% 13.35% -375.97% -111.34% 83.84% 26.47% -19.95% 24.76% 23.80% 49.68% 68.80% -66.46% 151.88%   
      net income margin %
    		-4425.39% -1673.59% 909.82%                  
      basic and diluted loss per share attributable to common shareholders
    		                    
      basic
    		-4.91 -1.05 0.42 -2.25 -1.77 -0.25 -0.23 -0.16 0.11 -1.12 -0.82 -0.68 -1.12 -1.01 -0.85 -0.57 -0.34 -1.04 -0.42  
      diluted
    		-4.91 -1.05 -0.2 -2.25 -1.77 -0.25 -0.23 -0.16 -0.05 -1.12 -0.82 -0.68 -1.12 -1.01 -0.85 -0.57 -0.34 -1.04 -0.42  
      weighted-average shares of common stock
    		                    
      basic
    		271,618,045 237,741,328 225,474,247 212,039,775 216,898,374 211,137,189 201,306,905 126,967,756 138,005,222 117,320,802 86,797,669 62,439,857 63,065,884 56,021,185 53,961,553 52,664,349 53,636,894 51,792,365 51,126,863  
      diluted
    		271,618,045 237,741,328 436,368,282 212,039,775 216,898,374 211,137,189 201,306,905 126,967,756 156,325,284 117,320,802 86,797,669 62,439,857 63,065,884 56,021,185 53,961,553 52,664,349 53,636,894 51,792,365 51,126,863  
      interest expense - related party
    		 -4,510,000 -5,781,000 -3,763,500 -5,291,000 -4,912,000 -4,851,000 -8,240,500 -4,449,000 -14,758,000 -13,755,000 -1,949,500 -2,960,000 -2,664,000 -2,174,000      
      income tax expense
    		 6,000 5,000   8,000 25,000 6,000 13,000   6,000 110,000        
      other comprehensive income
    		                    
      basic and diluted income per share attributable to common shareholders
    		                    
      basic
    		-4.91 -1.05 0.42 -2.25 -1.77 -0.25 -0.23 -0.16 0.11 -1.12 -0.82 -0.68 -1.12 -1.01 -0.85 -0.57 -0.34 -1.04 -0.42  
      diluted
    		-4.91 -1.05 -0.2 -2.25 -1.77 -0.25 -0.23 -0.16 -0.05 -1.12 -0.82 -0.68 -1.12 -1.01 -0.85 -0.57 -0.34 -1.04 -0.42  
      total revenue
    		   2,088,250 854,000 898,000 6,601,000 6,610,000 684,000 249,000 8,835,000 2,666,000 6,065,000 5,895,000 3,298,000 3,104,000 718,000 612,000 164,000  
      costs and expenses
    		                    
      total costs and expenses
    		   32,962,750 54,180,000 29,935,000 47,736,000 48,848,000 38,521,000 34,846,000 47,100,000 51,275,000 69,634,000 63,273,000 55,000,000 40,703,000 27,004,000 49,800,000 21,815,000  
      income tax (benefit) expense
    		   4,250 -16,000                
      accretion of preferred stock
    		   -16,234,500 -41,267,000                
      change in fair value of debt - credit risk
    		   -1,160,500 -4,642,000                
      foreign currency translation adjustment, net of tax
    		   -250 3,000 1,000 -5,000 4,000 -6,000 2,000 1,000 2,000 -1,000 5,000       
      accretion of series a-1 preferred stock
    		     -23,671,000               
      loss on debt extinguishment
    		         -1,876,000 -1,634,000          
      comprehensive loss
    		      -46,713,000   -131,628,000 -71,599,000 -56,611,000 -70,723,000 -56,682,000       
      grant expense
    		           1,000   173,000 28,250 157,000  8,000  
      gain on change in fair value of derivatives - related party
    		       -6,479,750 61,804,000 -74,633,000  3,023,500 -416,000        
      comprehensive income
    		       -47,075,250 14,926,000            
      grant income
    		             -169,000    -52,000   
      gain on change in fair value of derivatives - related parties
    		          -13,090,000          
      loss on pre-existing agreement
    		                 22,516,000   
      remeasurement of equity method investment
    		                 -7,480,000   
      income from equity in unconsolidated joint venture
    		                  440,000  
      gain on debt (extinguishment)/forgiveness
    		            -942,000        
      change in fair value, embedded derivative - related party
    		             3,978,000 7,695,000      
      change in fair value, warrants liability - related party
    		             270,000 567,000      
      sale of state tax attributes
    		                 2,194,000   
      gain on pre-existing agreement
    		               7,592,000     
      interest expense, related party
    		               -902,750 -3,611,000    
      change in fair value, embedded derivative
    		               7,580,000 9,927,000    
      change in fair value, warrants liability
    		               266,500 705,000 585,000 -224,000  
      gain on debt forgiveness
    		                1,273,000    
      basic and diluted loss per share attributable to common shareholders1
    		                    
      basic
    		-4.91 -1.05 0.42 -2.25 -1.77 -0.25 -0.23 -0.16 0.11 -1.12 -0.82 -0.68 -1.12 -1.01 -0.85 -0.57 -0.34 -1.04 -0.42  
      diluted
    		-4.91 -1.05 -0.2 -2.25 -1.77 -0.25 -0.23 -0.16 -0.05 -1.12 -0.82 -0.68 -1.12 -1.01 -0.85 -0.57 -0.34 -1.04 -0.42  
      weighted-average shares of common stock2
    		                    
      basic
    		271,618,045 237,741,328 225,474,247 212,039,775 216,898,374 211,137,189 201,306,905 126,967,756 138,005,222 117,320,802 86,797,669 62,439,857 63,065,884 56,021,185 53,961,553 52,664,349 53,636,894 51,792,365 51,126,863  
      diluted
    		271,618,045 237,741,328 436,368,282 212,039,775 216,898,374 211,137,189 201,306,905 126,967,756 156,325,284 117,320,802 86,797,669 62,439,857 63,065,884 56,021,185 53,961,553 52,664,349 53,636,894 51,792,365 51,126,863  
      general and administrative expenses
    		                 11,325,000 16,654,000  
      interest expense related party
    		                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.