7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 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:
    		                  
      product sales
    		102,939,000 71,256,000 36,637,000 5,624,000               
      other revenue
    		199,000 5,000,000                 
      total revenue
    		103,138,000 76,256,000                 
      yoy
    		                  
      qoq
    		35.25%                  
      operating expenses:
    		                  
      cost of sales
    		4,756,000 3,407,000 2,039,000 543,000               
      gross profit
    		98,382,000 72,849,000                 
      yoy
    		                  
      qoq
    		35.05%                  
      gross margin %
    		95.39% 95.53%                 
      research and development
    		12,950,000 14,054,000 7,870,000 10,552,000 19,388,000 4,122,000 2,958,000 -2,474,000 12,610,000 6,838,000 9,838,000 14,982,000 17,625,000 22,709,000 22,560,000 20,563,000 13,574,000  
      selling, general and administrative
    		72,127,000 69,112,000 45,085,000 35,196,000 49,035,000 14,972,000 13,353,000 12,439,000 9,589,000 8,323,000 5,290,000 5,526,000 7,440,000 5,757,000 10,883,000    
      total operating expenses
    		89,833,000 86,573,000 54,994,000 46,291,000 68,423,000 19,094,000 16,311,000 9,965,000 22,199,000 15,161,000 15,128,000 20,508,000 25,065,000 28,466,000 33,443,000 28,548,000 22,856,000  
      operating income/
    		13,305,000                  
      other income/
    		                  
      research and development tax credit
    		  556,000 1,612,000 847,000 1,034,000 -309,000 -1,934,000 2,313,000 796,000 2,127,000 5,409,000 1,302,000 4,975,000 4,749,000    
      loss on extinguishment of debt
    		 -407,000   -3,653,000              
      interest income
    		4,302,000 3,891,000 3,994,000 4,750,000 3,140,000 3,292,000 3,390,000 3,402,000 2,677,000 1,862,000 779,000 165,000 15,000 3,000 4,000 3,000 4,000  
      interest expense
    		-6,822,000 -10,195,000 -10,317,000 -9,882,000 -1,757,000 -623,000 -401,000 -740,000 -293,000 -230,000 -116,000 -91,000 -84,000 -85,000 -86,000 -85,000 -84,000  
      foreign exchange gain/
    		1,097,000 470,000 320,250 1,475,000 25,000   740,000 932,000          
      total other (expense)/income
    		-1,423,000 -6,241,000 -7,217,000 -2,045,000 -1,398,000     669,000 -455,000        
      income/(loss) before income taxes
    		11,882,000                  
      income tax benefit/
    		39,000 239,000                 
      net income/
    		11,921,000                  
      income/(loss) per ordinary share - basic
    		20                  
      income/(loss) per ordinary share - diluted
    		20                  
      income/(loss) per ads - basic
    		140                  
      income/(loss) per ads - diluted
    		130                  
      weighted-average ordinary shares outstanding - basic
    		685,155,000                  
      weighted-average ordinary shares outstanding - diluted
    		727,223,000                  
      weighted-average ads outstanding - basic
    		85,644,000                  
      weighted-average ads outstanding - diluted
    		90,903,000                  
      operating income
    		 -10,317,000 -18,339,000 -40,667,000 -68,423,000 -19,094,000 -16,311,000 -9,965,000 -22,199,000   -20,508,000 -25,065,000   -28,548,000 -22,856,000  
      yoy
    		 -45.97% 12.43% 308.10% 208.23%   -51.41% -11.43%   -28.16% 9.66%      
      qoq
    		 -43.74% -54.90% -40.57% 258.35% 17.06% 63.68% -55.11%    -18.18%    24.90%   
      operating margin %
    		0% -13.53%                 
      income before income taxes
    		 -16,558,000 -25,556,000 -42,712,000 -69,821,000 -14,185,000 -14,643,000 -8,497,000 -16,570,000   -17,687,000 -24,755,000   -22,043,000 -21,210,000  
      net income
    		 -16,319,000 -33,827,000 -42,962,000 -70,835,000 -14,132,000 -14,687,000 -8,807,000 -16,743,000   -17,766,000 -24,837,000   -22,068,000 -21,290,000  
      yoy
    		 15.48% 130.32% 387.82% 323.07%   -50.43% -32.59%   -19.49% 16.66%      
      qoq
    		 -51.76% -21.26% -39.35% 401.24% -3.78% 66.77% -47.40%    -28.47%    3.65%   
      net income margin %
    		0% -21.40%                 
      loss per ordinary share - basic and diluted
    		 -20 -55 -70 -110 -15 -20 -10 -30   -40 -50   -50 -50  
      weighted-average shares outstanding - basic and diluted
    		 679,405,000 652,310,582,000 651,944,000 648,217,000 634,142,660,000 638,238,749,000 634,469,423,000 621,451,000   484,777,837,000    470,786,767,000 469,465,085,000  
      income tax expense
    		  -8,271,000 -250,000 -1,014,000 53,000 -44,000 -310,000 -173,000 -56,250 -64,000 -79,000 -82,000 -58,000 -127,000 -25,000 -80,000  
      foreign exchange (loss)/gain
    		     165,000 -1,012,000   3,013,000 -3,245,000 -2,662,000 -923,000 29,250 -86,000    
      total other income/(expense)
    		     2,191,250 1,668,000            
      total other income
    		       1,468,000 5,629,000   2,821,000 310,000 4,954,000 4,621,000 6,505,000 1,646,000  
      revenue
    		              40,000,000    
      gross profit
    		                  
      yoy
    		                  
      qoq
    		                  
      gross margin %
    		0% 0%                 
      operating expenses
    		                  
      operating (loss)/profit
    		         -15,175,250 -15,128,000        
      other (expense)/income
    		                  
      fair value movement on warrants
    		             2,000 40,000 2,711,000 -507,000  
      (loss)/profit before income taxes
    		         -14,506,250 -15,583,000        
      net (loss)/profit
    		         -14,562,500 -15,647,000        
      (loss)/profit per ordinary share - basic
    		         -30 -30        
      (loss)/profit per ordinary share - diluted
    		         -30 -30        
      weighted-average shares outstanding - basic
    		          544,134,136,000    475,334,354,000    
      weighted-average shares outstanding - diluted
    		          544,134,136,000    515,819,439,000    
      balance at january 1, 2022
    		            489,177,550,000      
      issuance of common shares under at-the-market sales agreement
    		            80,696,000      
      restricted share units vested
    		                  
      issuance of ordinary shares to treasury
    		            4,800,000,000      
      common shares withheld for taxes on vested stock awards
    		                  
      equity settled share-based compensation reclassified as cash-settled
    		                  
      share-based compensation
    		                  
      balance at march 31, 2022
    		            494,058,246,000      
      operating profit/
    		             -11,211,750 6,557,000    
      profit/(loss) before income taxes
    		             -8,018,750 11,178,000    
      net profit/
    		             -8,076,750 11,051,000    
      other comprehensive profit/
    		                  
      foreign currency translation adjustments
    		                  
      total comprehensive profit/(loss) attributable to shareholders of the company
    		             -8,076,750 11,051,000    
      profit/(loss) per ordinary share - basic
    		             -17.5 20    
      profit/(loss) per ordinary share - diluted
    		             -17.5 20    
      general and administrative
    		               7,985,000 9,282,000  
      other income /
    		                  
      benefit from research and development tax credit
    		               3,836,000 2,070,000  
      foreign exchange gain
    		               40,000 163,000  
      other comprehensive loss:
    		                  
      total comprehensive loss attributable to shareholders of the company
    		               -22,068,000 -21,290,000  
      other comprehensive (loss) / income:
    		                  
    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.