MXCT (MXCT) financial statements
MXCT reported revenue of $33M in fiscal 2025, up 7.3% a year over 6 years.
Net income was -$45M and the operating margin -157.1%, against -57.4% in 2019.
Free cash flow was -$36M.
The diluted share count rose 89% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MXCT's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $22M | $26M | $34M | $44M | $41M | $39M | $33M |
| Cost of revenue | $2M | $3M | $4M | $5M | $5M | $7M | $6M |
| Gross profit | $19M | $23M | $30M | $39M | $37M | $32M | $27M |
| Research and development | $18M | $18M | $15M | $20M | $24M | $22M | $21M |
| Selling, general and admin | $13M | $16M | $32M | $44M | $57M | $56M | $47M |
| Operating income | -$12M | -$11M | -$18M | -$27M | -$48M | -$51M | -$52M |
| Interest expense | $51,900 | $21,700 | $5,400 | — | — | — | — |
| Pre-tax income | — | — | — | — | -$38M | -$41M | -$45M |
| Income tax | $0 | $0 | $0 | — | — | — | — |
| Net income | -$13M | -$12M | -$19M | -$24M | -$38M | -$41M | -$45M |
| EPS (diluted) | -$0.23 | -$0.17 | -$0.21 | -$0.23 | -$0.37 | -$0.39 | -$0.42 |
| Diluted shares | 56M | 69M | 91M | 102M | 103M | 105M | 106M |
| Gross margin | 88.4% | 89.4% | 89.2% | 88.5% | 88.5% | 81.6% | 81.2% |
| Operating margin | -57.4% | -42.3% | -53.7% | -61.8% | -117.0% | -132.5% | -157.1% |
| Net margin | -59.6% | -45.2% | -56.3% | -53.3% | -91.8% | -106.3% | -135.1% |
Balance sheet
Fiscal years, from MXCT's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $15M | $35M | $255M | $227M | $168M | $154M | $103M |
| Receivables | — | $5M | $7M | $11M | $6M | $5M | $4M |
| Inventory | — | $4M | $5M | $9M | $12M | $9M | $8M |
| Total current assets | — | $45M | $270M | $252M | $190M | $172M | $118M |
| Property, plant and equipment | — | $5M | $8M | $24M | $24M | $20M | $18M |
| Total assets | — | $52M | $284M | $287M | $268M | $239M | $203M |
| Total current liabilities | — | $12M | $16M | $15M | $18M | $16M | $14M |
| Total liabilities | — | $19M | $21M | $33M | $36M | $33M | $31M |
| Shareholders' equity | $14M | $33M | $263M | $254M | $232M | $206M | $171M |
| Net debt | -$15M | -$19M | -$48M | -$11M | -$47M | -$28M | -$20M |
Cash flow
Fiscal years, from MXCT's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9M | -$9M | -$11M | -$15M | -$22M | -$28M | -$34M |
| Capital spending | $1M | $2M | $4M | $18M | $4M | $2M | $2M |
| Free cash flow | -$10M | -$11M | -$15M | -$33M | -$25M | -$29M | -$36M |
| Stock-based compensation | $2M | $2M | $8M | $12M | $14M | $13M | $9M |
| Free cash flow margin | -46.6% | -41.5% | -42.8% | -75.1% | -61.5% | -75.8% | -109.5% |
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Open MXCT in InvestinglyQuestions
What was MXCT's revenue in 2025?
$33M in fiscal 2025, from its 10-K filing.
How much free cash flow does MXCT generate?
-$36M in fiscal 2025 (operating cash flow minus capital spending).
From MXCT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.