SENS (SENS) financial statements
SENS reported revenue of $35M in fiscal 2025, up 67.9% a year over 9 years.
Net income was -$69M and the operating margin -193.8%, against -12781.0% in 2016.
Free cash flow was -$60M.
The diluted share count rose 835% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SENS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $332,000 | $529,000 | $2M | $5M | $1M | $1M | $16M | $22M | $22M | $35M |
| Cost of revenue | $660,000 | $10M | $27M | $41M | $22M | $14M | $14M | $19M | $22M | $19M |
| Gross profit | -$328,000 | -$3M | -$8M | -$19M | -$17M | -$800,000 | $3M | $3M | $533,000 | $16M |
| Research and development | $26M | $31M | $32M | $38M | $20M | $27M | $40M | $49M | $41M | $32M |
| Selling, general and admin | $16M | $22M | $48M | $73M | $41M | $29M | $32M | $30M | $34M | $53M |
| Operating income | -$42M | -$56M | -$88M | -$131M | -$79M | -$57M | -$69M | -$76M | -$75M | -$68M |
| Interest expense | $2M | $3M | $8M | $12M | $16M | $17M | $19M | $11M | $8M | $5M |
| Pre-tax income | — | — | — | — | — | — | — | — | -$79M | -$69M |
| Income tax | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$44M | -$59M | -$94M | -$116M | -$175M | -$302M | $142M | -$60M | -$79M | -$69M |
| EPS (diluted) | -$9.80 | -$10.20 | -$12.00 | -$12.20 | -$15.40 | -$14.40 | -$2.20 | -$2.20 | -$2.50 | -$1.66 |
| Diluted shares | 4M | 6M | 8M | 9M | 11M | 21M | 31M | 28M | 31M | 42M |
| Gross margin | -98.8% | -639.9% | -399.5% | -395.0% | -1271.9% | -57.4% | 16.6% | 13.8% | 2.4% | 44.7% |
| Operating margin | -12781.0% | -10645.2% | -4295.1% | -2653.6% | -5784.4% | -4102.0% | -418.7% | -337.7% | -333.0% | -193.8% |
| Net margin | -13231.9% | -11172.2% | -4610.1% | -2345.7% | -12804.7% | -21698.3% | 867.0% | -269.8% | -349.8% | -196.0% |
Balance sheet
Fiscal years, from SENS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $20M | $36M | $137M | $96M | $18M | $182M | $156M | $110M | $75M | $94M |
| Receivables | — | — | — | — | — | — | — | — | $6M | $12M |
| Inventory | $477,000 | $3M | $10M | $17M | $5M | $6M | $7M | $9M | $4M | $7M |
| Total current assets | $21M | $45M | $158M | $128M | $30M | $144M | $161M | $130M | $91M | $118M |
| Property, plant and equipment | $735,000 | $853,000 | $2M | $2M | $2M | $1M | $1M | $1M | — | — |
| Total assets | $22M | $46M | $160M | $133M | $36M | $199M | $178M | $138M | $100M | $126M |
| Total current liabilities | $12M | $23M | $29M | $127M | $17M | $18M | $31M | $17M | $39M | $24M |
| Total liabilities | $27M | $39M | $89M | $141M | $177M | $384M | $143M | $65M | $79M | $65M |
| Shareholders' equity | -$5M | $7M | $71M | -$9M | -$144M | -$186M | -$3M | $36M | -$17M | $61M |
| Net debt | -$13M | -$16M | -$137M | -$96M | -$18M | -$33M | -$36M | -$76M | -$75M | -$40M |
Cash flow
Fiscal years, from SENS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$38M | -$56M | -$91M | -$136M | -$67M | -$56M | -$66M | -$70M | -$60M | -$59M |
| Capital spending | $479,000 | $345,000 | $989,000 | $1M | $181,000 | $210,000 | $312,000 | $350,000 | $2M | $1M |
| Free cash flow | -$38M | -$56M | -$92M | -$137M | -$68M | -$56M | -$67M | -$71M | -$63M | -$60M |
| Stock-based compensation | $2M | $4M | $6M | $8M | $7M | $9M | $9M | $9M | $9M | $10M |
| Net borrowing | — | — | $53M | $127M | $56M | — | — | — | — | — |
| Free cash flow margin | -11594.9% | -10601.9% | -4500.2% | -2784.2% | -4941.7% | -4037.9% | -406.5% | -314.9% | -279.0% | -170.9% |
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Open SENS in InvestinglyQuestions
What was SENS's revenue in 2025?
$35M in fiscal 2025, from its 10-K filing.
How much free cash flow does SENS generate?
-$60M in fiscal 2025 (operating cash flow minus capital spending).
From SENS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.