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WATT • CIK 0001575793
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Revenue from Contract with Customer, Including Assessed Tax | $474.184 | $768 | $5,630 | $10,483 |
| Cost of Goods and Services Sold | $279.083 | $756 | $3,601 | $7,696 |
| Gross Profit | — | $12 | $2,029 | $2,787 |
| Operating Income (Loss) | $-22,099.745 | $-18,410 | $-10,015 | $-8,663 |
| Net Income (Loss) Attributable to Parent | $-19,366.763 | $-18,398 | $-9,593 | $-8,006 |
| Weighted Average Number of Shares Outstanding, Basic | 4,663,594 | 7,153,385 | 1,485,101 | -25,875,597 |
| Research and Development Expense | $10,810.57 | $8,275 | $4,126 | $3,983 |
| Selling and Marketing Expense | $3,852.393 | $3,066 | $2,359 | $2,235 |
| General and Administrative Expense | $7,272.464 | $5,704 | $4,495 | $5,155 |
| Severance Costs | $359.419 | $1,377 | $403 | $77 |
| Operating Expenses | — | $18,422 | $12,044 | $11,450 |
| Fair Value Adjustment of Warrants | $-2,515.425 | $-262 | $-257 | $-257 |
| Interest Income (Expense), Net | $809.227 | $809 | $166 | $667 |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $-1 | $-1 |
| Gain (Loss) on Extinguishment of Debt | — | $-219 | $-219 | $-219 |
| Nonoperating Income (Expense) | $2,732.982 | $12 | $422 | $657 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | $13,936.05 | $1,353 | $10,401 | $31,192 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $101.554 | $78 | $2,988 | $3,268 |
| Property, Plant and Equipment, Net | $428.904 | $356 | $298 | $495 |
| Inventory, Net | $429.638 | $498 | $1,509 | $2,503 |
| Other Assets, Noncurrent | — | — | $252 | $371 |
| Prepaid Expense and Other Assets, Current | $539.145 | $983 | $422 | $6,885 |
| Operating Lease, Right-of-Use Asset | $1,240.042 | $527 | $872 | $670 |
| Assets, Current | $15,006.387 | $2,912 | $15,320 | $43,848 |
| Assets | $16,675.333 | $3,795 | $16,742 | $45,384 |
| Operating Lease, Liability, Noncurrent | $556.879 | $557 | $589 | $300 |
| Liabilities | $5,177.656 | $4,872 | $4,244 | $5,291 |
| Accounts Payable, Current | $1,879.334 | $1,852 | $954 | $2,268 |
| Accrued Liabilities, Current | $1,253.937 | $1,135 | $2,095 | $1,813 |
| Operating Lease, Liability, Current | $707.251 | $668 | $491 | $539 |
| Short-term Debt | — | $818 | $88 | $307 |
| Contract with Customer, Liability, Current | $27.082 | $13 | $27 | $64 |
| Liabilities, Current | $4,620.777 | $4,872 | $3,655 | $4,991 |
| Common Stock, Value, Issued | $0.93 | $1 | $1 | $1 |
| Additional Paid in Capital, Common Stock | $393,538.809 | $399,362 | $422,530 | $454,692 |
| Retained Earnings (Accumulated Deficit) | $-382,042.062 | $-400,440 | $-410,033 | $-414,600 |
| Stockholders' Equity Attributable to Parent | $11,497.677 | $-1,077 | $12,498 | $40,093 |
| Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Preferred Stock, Shares Issued | 0 | 0 | 0 | 0 |
| Common Stock, Shares Authorized | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 |
| Common Stock, Shares, Issued | 5,471,121 | 13,575,907 | 2,200,240 | 5,527,071 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $-19,366.763 | $-18,398 | $-9,593 | $-8,006 |
| Net Cash Provided by (Used in) Operating Activities | $-19,248.51 | $-17,573 | $-12,420 | $-15,727 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $-12,351.243 | $-12,583 | $9,048 | $22,530 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $13,936.05 | $1,353 | $10,401 | $36,921 |
| Depreciation, Depletion and Amortization | $187.209 | $196 | $139 | $129 |
| Payments to Acquire Property, Plant, and Equipment | $187.078 | $123 | $82 | $318 |
| Share-based Payment Arrangement, Noncash Expense | $1,677.95 | $799 | $281 | $185 |
| Net Cash Provided by (Used in) Investing Activities | $-187.078 | $-123 | $-82 | $-318 |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $-1 | $-1 |
| Issuance of Stock and Warrants for Services or Claims | — | $95 | $95 | $95 |
| Gain (Loss) on Extinguishment of Debt | — | $-219 | $-219 | $-219 |
| Amortization of Debt Issuance Costs | — | $13 | $39 | $39 |
| Fair Value Adjustment of Warrants | $-2,515.425 | $-262 | $-257 | $-257 |
| Increase (Decrease) in Accounts Receivable | $-54.299 | $-24 | $2,910 | $2,605 |
| Proceeds from Short-term Debt | — | $801 | $801 | $801 |
| Increase (Decrease) in Inventories | $491.23 | $68 | $1,011 | $1,816 |
| Repayments of Short-term Debt | — | $269 | $873 | $873 |
| Increase (Decrease) in Prepaid Expense and Other Assets | $-288.406 | $42 | $-933 | $5,516 |
| Proceeds from Warrant Exercises | — | — | $364 | $364 |
| Increase (Decrease) in Other Noncurrent Assets | $-11.991 | — | $252 | $252 |
| Increase (Decrease) in Accounts Payable | $978.569 | $-27 | $-898 | $1,496 |
| Increase (Decrease) in Accrued Liabilities | $-536.477 | $-200 | $1,030 | $759 |
| Proceeds from Stock Plans | $72.93 | $6 | $6 | $6 |
| Net Cash Provided by (Used in) Financing Activities | $7,084.345 | $5,113 | $21,550 | $38,575 |
| IncreaseDecreaseInOperatingLeaseLiability | — | — | $-484 | $-420 |
| Increase (Decrease) in Contract with Customer, Liability | $-2.645 | $-14 | $14 | $54 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $140 | $277 | $11 |
| Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $2,071.336 | $5 | $896 | $896 |