Latest reported quarter: Q1, ended Mar 2026
| Line item | 2026 Q1 | 2025 ANNUAL | 2025 Q1 | 2024 ANNUAL |
|---|---|---|---|---|
| Total Operating Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income to Parent Company | -$19.63M | -$100.61M | -$24.99M | -$83.11M |
| Net Income to Common Stockholders | -$19.63M | -$100.61M | -$24.99M | -$83.11M |
| Basic EPS | -$0.32 | -$1.63 | -$0.41 | -$1.35 |
| Diluted EPS | -$0.32 | -$1.63 | -$0.41 | -$1.35 |
| Profit from Continuing Operations | -$19.63M | -$100.61M | -$24.99M | -$83.11M |
| Net Profit | -$19.63M | -$100.61M | -$24.99M | -$83.11M |
| Operating Expense | $20.28M | $105.67M | $26.60M | $91.26M |
| Selling and Admin Expenses | $4.55M | $19.55M | $5.48M | $18.07M |
| -General & Admin Expense | $4.55M | $19.55M | $5.48M | $18.07M |
| Research & Development | $15.73M | $86.11M | $21.13M | $73.19M |
| Operating Profit | -$20.28M | -$105.67M | -$26.60M | -$91.26M |
| Net Non-Operating Interest Income (Expense) | $647,000.00 | $5.06M | $1.62M | $8.15M |
| Non-Operating Interest Income | $647,000.00 | $5.06M | $1.62M | $8.15M |
| Pretax Profit | -$19.63M | -$100.61M | -$24.99M | -$83.11M |
| Tax | $0.00 | $0.00 | $0.00 | $0.00 |
| Line item | 2026 Q1 | 2025 ANNUAL | 2024 ANNUAL |
|---|---|---|---|
| Gains/Losses Not Affecting Retained Earnings | -$5,000.00 | $23,000.00 | -$27,000.00 |
| Retained Earnings | -$315.57M | -$295.94M | -$195.33M |
| -Common Stock | $2,000.00 | $1,000.00 | $1,000.00 |
| Capital Stock | $2,000.00 | $1,000.00 | $1,000.00 |
| Stockholders' Equity | -$276.20M | -$266.04M | -$174.43M |
| Total Equity | -$276.20M | -$266.04M | -$174.43M |
| Other Non-Current Liabilities | $3,000.00 | $3,000.00 | $206,000.00 |
| Convertible preferred securities | $330.03M | $338.03M | $338.03M |
| Other Non-Current Assets | $1.00M | $1.00M | $1.00M |
| -Gross PPE | $5.09M | $15.57M | $17.89M |
| Net PPE | $5.09M | $6.06M | $9.86M |
| Total Non-Current Assets | $6.10M | $7.06M | $10.87M |
| Other Current Assets | $5.28M | $1.03M | $4.58M |
| -Short Term Investments | $32.32M | $40.08M | $118.51M |
| -Cash and Cash Equivalents | $26.44M | $40.41M | $49.76M |
| Cash and Cash Equivalents & Short-Term Investments | $58.76M | $80.49M | $168.27M |
| Total Current Assets | $64.04M | $81.52M | $172.85M |
| Total Liabilities | $346.33M | $354.62M | $358.14M |
| Total Current Liabilities | $15.23M | $15.36M | $16.09M |
| -Long Term Capital Lease Obligation | $1.07M | $1.22M | $3.82M |
| Long Term Debt and Capital Lease Obligation | $1.07M | $1.22M | $3.82M |
| Total Non-Current Liabilities | $331.11M | $339.26M | $342.06M |
| Other Current Liabilities | $1.58M | $1.42M | $979,000.00 |
| -Current Capital Lease Obligation | $2.53M | $3.06M | $2.99M |
| Short-Term Debt and Capital Lease Obligation | $2.53M | $3.06M | $2.99M |
| Current Accrued Expenses | $8.75M | $7.05M | $4.74M |
| -Accounts Payable | $738,000.00 | $12,000.00 | $1.82M |
| Payables | $738,000.00 | $12,000.00 | $1.82M |
| Total Assets | $70.14M | $88.58M | $183.71M |
| Additional Paid-In Capital | $39.37M | $29.87M | $20.92M |
| -Accumulated Depreciation | – | -$9.51M | -$8.03M |
| Line item | 2026 Q1 | 2025 ANNUAL | 2025 Q1 | 2024 ANNUAL |
|---|---|---|---|---|
| Free Cash Flow | -$22.01M | -$90.47M | -$24.42M | -$75.78M |
| Net cash flow from continuing operations | -$22.01M | -$90.39M | -$24.37M | -$75.00M |
| Beginning Cash Balance | $41.41M | $50.77M | $50.77M | $17.13M |
| Depreciation & Depletion & Amortization | $340,000.00 | $1.48M | $378,000.00 | $1.53M |
| Other Non-Cash Items | -$51,000.00 | -$141,000.00 | -$31,000.00 | -$17,000.00 |
| Change in Working Capital | -$3.86M | $2.56M | -$965,000.00 | $1.75M |
| -Change in Prepaid Assets | -$4.25M | $3.55M | $2.23M | -$2.73M |
| -Change in Payables and Accrued Expense | $395,000.00 | -$793,000.00 | -$3.00M | $4.29M |
| -Change in Other Current Liabilities | $0.00 | -$200,000.00 | -$200,000.00 | $200,000.00 |
| Net cash flow from investing | $8.00M | $81.02M | $13.50M | -$53.87M |
| Proceeds from Stock Option Exercised | $47,000.00 | $20,000.00 | $6,000.00 | $2.55M |
| Net PPE Purchase and Sale | $0.00 | -$73,000.00 | -$56,000.00 | -$779,000.00 |
| Net Investment Purchase and Sale | $8.00M | $81.09M | $13.56M | -$53.10M |
| Financing Cash Flow | $47,000.00 | $20,000.00 | $6,000.00 | $162.52M |
| Net Cash Flow from Continuing Financing Activities | $47,000.00 | $20,000.00 | $6,000.00 | $162.52M |
| Ending Cash Balance | $27.44M | $41.41M | $39.91M | $50.77M |
| Net Change in Cash | -$13.97M | -$9.36M | -$10.86M | $33.64M |
| Net Cash Flow from Continuing Investing Activities | $8.00M | $81.02M | $13.50M | -$53.87M |
| Operating Cash Flow | -$22.01M | -$90.39M | -$24.37M | -$75.00M |
| Net Income from Continuing Operations | -$19.63M | -$100.61M | -$24.99M | -$83.11M |
| Net Preferred Stock Issuance | – | $0.00 | – | $160.50M |
| Gain/Loss from Continuing Operations | – | -$3,000.00 | – | -$8,000.00 |
| Net Other Financing Charges | – | – | – | -$532,000.00 |
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