Latest reported quarter: Q2, ended Jun 2026
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $2.27M | $38.25M | $42.73M | $17.25M | $7.61M |
| Total Operating Revenue | $2.27M | $38.25M | $42.73M | $17.25M | $7.61M |
| Operating Expense | $76.07M | $69.54M | $258.11M | $73.71M | $63.96M |
| Selling and Admin Expenses | $24.78M | $22.10M | $75.33M | $20.90M | $18.09M |
| -General & Admin Expense | $24.78M | $22.10M | $75.33M | $20.90M | $18.09M |
| Research & Development | $51.29M | $47.44M | $182.78M | $52.81M | $45.87M |
| Operating Profit | -$73.80M | -$31.30M | -$215.38M | -$56.47M | -$56.35M |
| Net Non-Operating Interest Income (Expense) | $4.72M | $5.29M | – | – | $2.18M |
| Non-Operating Interest Income | $4.72M | $5.29M | – | – | $2.18M |
| Other Income (Expense) | -$275,000.00 | -$80,000.00 | $11.01M | $10.71M | $324,000.00 |
| Other Non-Operating Income (Expenses) | -$275,000.00 | -$80,000.00 | $527,000.00 | $234,000.00 | $324,000.00 |
| Pretax Profit | -$69.36M | -$26.09M | -$204.38M | -$53.18M | -$53.85M |
| Tax | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Profit | -$69.36M | -$26.09M | -$204.38M | -$53.18M | -$53.85M |
| Profit from Continuing Operations | -$69.36M | -$26.09M | -$204.38M | -$53.18M | -$53.85M |
| Net Income to Parent Company | -$69.36M | -$26.09M | -$204.38M | -$53.18M | -$53.85M |
| Net Income to Common Stockholders | -$69.36M | -$26.09M | -$204.38M | -$53.18M | -$53.85M |
| Basic EPS | -$0.34 | -$0.13 | -$1.21 | -$0.30 | -$0.32 |
| Diluted EPS | -$0.34 | -$0.13 | -$1.21 | -$0.30 | -$0.32 |
| Gain on Sale of Security | – | – | $10.48M | – | – |
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $558.32M | $583.54M | $638.50M | $638.50M | $241.38M |
| Total Current Assets | $507.51M | $561.27M | $614.81M | $614.81M | $215.49M |
| Cash and Cash Equivalents & Short-Term Investments | $490.60M | $544.59M | $602.07M | $602.07M | $196.22M |
| -Cash and Cash Equivalents | $368.01M | $544.59M | $602.07M | $602.07M | $196.22M |
| -Short Term Investments | $122.59M | – | – | – | – |
| Receivables | $888,000.00 | $0.00 | $1.28M | $1.28M | $10.00M |
| -Accounts Receivable | $888,000.00 | $0.00 | $1.28M | $1.28M | $10.00M |
| Prepaid Assets | $12.12M | $13.23M | $8.40M | $8.40M | $6.65M |
| Other Current Assets | $3.90M | $3.46M | $3.08M | $3.08M | $2.62M |
| Total Non-Current Assets | $50.81M | $22.27M | $23.69M | $23.69M | $25.89M |
| Net PPE | $46.33M | $18.07M | $19.86M | $19.86M | $22.07M |
| -Gross PPE | $97.15M | $68.42M | $69.39M | $69.39M | $70.83M |
| -Accumulated Depreciation | -$50.82M | -$50.35M | -$49.52M | -$49.52M | -$48.76M |
| Other Non-Current Assets | $4.48M | $4.20M | $3.82M | $3.82M | $3.82M |
| Total Liabilities | $104.80M | $71.81M | $120.14M | $120.14M | $116.83M |
| Total Current Liabilities | $50.82M | $49.83M | $95.07M | $95.07M | $85.90M |
| Payables | $20.36M | $19.06M | $15.70M | $15.70M | $14.49M |
| -Accounts Payable | $20.36M | $19.06M | $15.70M | $15.70M | $14.49M |
| Current Accrued Expenses | $7.87M | $7.52M | $8.48M | $8.48M | $5.35M |
| Short-Term Debt and Capital Lease Obligation | $3.51M | $8.33M | $8.36M | $8.36M | $8.39M |
| -Current Capital Lease Obligation | $3.51M | $8.33M | $8.36M | $8.36M | $8.39M |
| Current Deferred Liabilities | $8.70M | $9.40M | $44.44M | $44.44M | $46.53M |
| Total Non-Current Liabilities | $53.99M | $21.98M | $25.08M | $25.08M | $30.93M |
| Long Term Debt and Capital Lease Obligation | $40.08M | $7.39M | $9.41M | $9.41M | $11.38M |
| -Long Term Capital Lease Obligation | $40.08M | $7.39M | $9.41M | $9.41M | $11.38M |
| Non-Current Deferred Liabilities | $13.90M | $14.60M | $7.80M | $7.80M | $11.68M |
| Convertible preferred securities | $0.00 | $0.00 | $7.87M | $7.87M | $7.87M |
| Total Equity | $453.52M | $511.73M | $518.36M | $518.36M | $124.55M |
| Stockholders' Equity | $453.52M | $511.73M | $518.36M | $518.36M | $124.55M |
| Capital Stock | $1.63B | $1.63B | $1.62B | $1.62B | $1.22B |
| -Common Stock | $1.63B | $1.63B | $1.62B | $1.62B | $1.22B |
| Additional Paid-In Capital | $248.16M | $237.43M | $228.37M | $228.37M | $174.08M |
| Retained Earnings | -$1.42B | -$1.35B | -$1.33B | -$1.33B | -$1.27B |
| Gains/Losses Not Affecting Retained Earnings | -$172,000.00 | -$254,000.00 | -$250,000.00 | -$250,000.00 | -$190,000.00 |
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$53.58M | -$59.55M | -$187.49M | -$33.78M | -$44.67M |
| Net cash flow from continuing operations | -$53.58M | -$59.55M | -$187.49M | -$33.78M | -$44.67M |
| Net Income from Continuing Operations | -$69.36M | -$26.09M | -$204.38M | -$53.18M | -$53.85M |
| Depreciation & Depletion & Amortization | $2.37M | $2.31M | $8.85M | $2.26M | $2.23M |
| Change in Working Capital | $2.74M | -$44.83M | -$16.94M | $9.79M | $484,000.00 |
| -Change in Receivables | -$888,000.00 | $1.28M | $146,000.00 | $8.72M | -$8.38M |
| -Change in Prepaid Assets | $1.10M | -$4.83M | $1.15M | -$1.74M | $47,000.00 |
| -Change in Payables and Accrued Expense | $6.77M | -$10.23M | $4.92M | $11.23M | $3.52M |
| -Change in Other Current Assets | -$722,000.00 | -$751,000.00 | $4.31M | -$452,000.00 | $4.85M |
| -Change in Other Current Liabilities | -$2.14M | -$2.05M | -$7.64M | -$2.01M | -$1.94M |
| -Change In Other Working Capital | -$1.39M | -$28.25M | -$19.83M | -$5.97M | $2.39M |
| Net cash flow from investing | -$123.45M | -$438,000.00 | -$718,000.00 | $1,000.00 | -$248,000.00 |
| Net Cash Flow from Continuing Investing Activities | -$123.45M | -$438,000.00 | -$718,000.00 | $1,000.00 | -$248,000.00 |
| Net PPE Purchase and Sale | -$884,000.00 | -$438,000.00 | -$718,000.00 | $1,000.00 | -$248,000.00 |
| Financing Cash Flow | $330,000.00 | $2.53M | $488.24M | $439.70M | $32.69M |
| Net Cash Flow from Continuing Financing Activities | $330,000.00 | $2.53M | $488.24M | $439.70M | $32.69M |
| Net Common Stock Issuance | $0.00 | $0.00 | $472.49M | $429.91M | $30.21M |
| Proceeds from Stock Option Exercised | $330,000.00 | $2.53M | $15.75M | $9.78M | $2.48M |
| Ending Cash Balance | $371.82M | $548.41M | $605.87M | $605.87M | $200.01M |
| Net Change in Cash | -$176.71M | -$57.46M | $300.02M | $405.92M | -$12.22M |
| Beginning Cash Balance | $548.41M | $605.87M | $305.84M | $200.01M | $212.27M |
| Effect of Exchange Rate Changes | $123,000.00 | -$4,000.00 | $12,000.00 | -$60,000.00 | -$29,000.00 |
| Free Cash Flow | -$54.47M | -$59.99M | -$188.21M | -$33.78M | -$44.91M |
No comments yet — be the first to weigh in on WVE.