{
  "ticker": {
    "uuid": "a6ab708f-0025-43c2-a164-bafa4475e8c2",
    "symbol": "EVAX",
    "name": "Evaxion Biotech AS",
    "exchange": "NASDAQ",
    "exchange_name": "NASDAQ",
    "country": "US",
    "currency": "USD",
    "sector": "Healthcare",
    "industry": "Biotechnology",
    "page_url": "https://sharemaestro.com/factors/ticker/a6ab708f-0025-43c2-a164-bafa4475e8c2/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/a6ab708f-0025-43c2-a164-bafa4475e8c2/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "a6ab708f-0025-43c2-a164-bafa4475e8c2",
      "symbol": "EVAX",
      "name": "Evaxion Biotech AS",
      "exchange": "NASDAQ",
      "exchange_name": "NASDAQ",
      "country": "US",
      "currency": "USD",
      "sector": "Healthcare",
      "industry": "Biotechnology",
      "page_url": "https://sharemaestro.com/factors/ticker/a6ab708f-0025-43c2-a164-bafa4475e8c2/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/a6ab708f-0025-43c2-a164-bafa4475e8c2/"
    },
    "week_end_date": "2026-07-26",
    "universe": "USD_US",
    "score": {
      "os": 0.61,
      "value": 0.54,
      "quality": 0.53,
      "momentum": 0.54,
      "coverage": 0.818,
      "confidence": 0.784,
      "delta": 0
    },
    "headline_factors": {
      "price": 2.96,
      "market_cap": 24687036.4,
      "pe_ratio": null,
      "earnings_yield": null,
      "ebitda_to_ev": null,
      "shareholder_yield": -0.9382,
      "roe": -0.739,
      "piotroski_f_score": 4,
      "momentum_12_1": 0.136,
      "volatility_252d": 0.9138
    },
    "strategy_flags": {
      "market_leader": false,
      "cornerstone_value": false,
      "cornerstone_growth": false,
      "tiny_titan": false,
      "all_cap_buyback": false,
      "small_cap_core": false,
      "veiled_value": false,
      "earnings_consistent_5y": false
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": null,
        "ev_ebitda": null,
        "earnings_yield": null,
        "fcf_yield": -0.4825,
        "shareholder_yield": -0.9382
      },
      "quality": {
        "roe": -0.739,
        "roic": -4.6073,
        "gross_margin": 0.9969,
        "fcf_margin": -0.8786,
        "piotroski_f_score": 4
      },
      "growth": {
        "revenue_growth_1y": 1.2111,
        "eps_growth_1y": null,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": 0.0882,
        "momentum_12_1": 0.136,
        "relative_strength": -0.128
      },
      "scores": {
        "value_percentile": 0.54,
        "quality_percentile": 0.53,
        "momentum_percentile": 0.54,
        "growth_composite": 45,
        "yield_composite": 45,
        "overall_composite": 39,
        "os_score": 0.61,
        "factor_coverage": 0.818,
        "signal_confidence": 0.784
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 3.55,
      "os": 0.22,
      "value": 0.37,
      "quality": 0.35,
      "momentum": 0.36,
      "confidence": 0.818,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.7823,
      "roe": -0.739,
      "momentum_12_1": 0.3866
    },
    {
      "week_end_date": "2026-06-14",
      "price": 3.64,
      "os": 0.22,
      "value": 0.37,
      "quality": 0.35,
      "momentum": 0.36,
      "confidence": 0.818,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.7629,
      "roe": -0.739,
      "momentum_12_1": 0.4152
    },
    {
      "week_end_date": "2026-06-21",
      "price": 3.05,
      "os": 0.79,
      "value": 0.64,
      "quality": 0.62,
      "momentum": 0.65,
      "confidence": 0.818,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.9105,
      "roe": -0.739,
      "momentum_12_1": 0.7586
    },
    {
      "week_end_date": "2026-06-28",
      "price": 3.09,
      "os": 0.77,
      "value": 0.63,
      "quality": 0.61,
      "momentum": 0.62,
      "confidence": 0.818,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.8987,
      "roe": -0.739,
      "momentum_12_1": 0.6327
    },
    {
      "week_end_date": "2026-07-05",
      "price": 3.41,
      "os": 0.53,
      "value": 0.5,
      "quality": 0.49,
      "momentum": 0.5,
      "confidence": 0.811,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.8144,
      "roe": -0.739,
      "momentum_12_1": 0.4854
    },
    {
      "week_end_date": "2026-07-12",
      "price": 3.17,
      "os": 0.79,
      "value": 0.63,
      "quality": 0.62,
      "momentum": 0.64,
      "confidence": 0.802,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.876,
      "roe": -0.739,
      "momentum_12_1": 0.3684
    },
    {
      "week_end_date": "2026-07-19",
      "price": 3.08,
      "os": 0.61,
      "value": 0.55,
      "quality": 0.53,
      "momentum": 0.54,
      "confidence": 0.793,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.9031,
      "roe": -0.739,
      "momentum_12_1": 0.1597
    },
    {
      "week_end_date": "2026-07-26",
      "price": 2.96,
      "os": 0.61,
      "value": 0.54,
      "quality": 0.53,
      "momentum": 0.54,
      "confidence": 0.784,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.9382,
      "roe": -0.739,
      "momentum_12_1": 0.136
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 7528000,
          "cost_of_revenue": null,
          "gross_profit": 7528000,
          "ebit": -7739000,
          "ebitda": -7124000,
          "pretax_income": -8615000,
          "tax_provision": -908000,
          "net_income": -7707000,
          "net_income_to_common": -7707000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 23161000,
          "net_debt_issued": -751000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 7528000,
          "cost_of_revenue": null,
          "gross_profit": 7528000,
          "ebit": -7739000,
          "ebitda": -7124000,
          "pretax_income": -8615000,
          "tax_provision": -908000,
          "net_income": -7707000,
          "net_income_to_common": -7707000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 23161000,
          "net_debt_issued": -751000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 7528000,
          "cost_of_revenue": null,
          "gross_profit": 7528000,
          "ebit": -7739000,
          "ebitda": -7124000,
          "pretax_income": -8615000,
          "tax_provision": -908000,
          "net_income": -7707000,
          "net_income_to_common": -7707000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 23161000,
          "net_debt_issued": -751000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 7528000,
          "cost_of_revenue": null,
          "gross_profit": 7528000,
          "ebit": -7739000,
          "ebitda": -7124000,
          "pretax_income": -8615000,
          "tax_provision": -908000,
          "net_income": -7707000,
          "net_income_to_common": -7707000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 23161000,
          "net_debt_issued": -751000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 7528000,
          "cost_of_revenue": null,
          "gross_profit": 7528000,
          "ebit": -7739000,
          "ebitda": -7124000,
          "pretax_income": -8615000,
          "tax_provision": -908000,
          "net_income": -7707000,
          "net_income_to_common": -7707000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 23161000,
          "net_debt_issued": -751000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 7528000,
          "cost_of_revenue": null,
          "gross_profit": 7528000,
          "ebit": -7739000,
          "ebitda": -7124000,
          "pretax_income": -8615000,
          "tax_provision": -908000,
          "net_income": -7707000,
          "net_income_to_common": -7707000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 23161000,
          "net_debt_issued": -751000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 7528000,
          "cost_of_revenue": null,
          "gross_profit": 7528000,
          "ebit": -7739000,
          "ebitda": -7124000,
          "pretax_income": -8615000,
          "tax_provision": -908000,
          "net_income": -7707000,
          "net_income_to_common": -7707000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 549990,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 23161000,
          "net_debt_issued": -751000
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 3344000,
          "cost_of_revenue": null,
          "gross_profit": 3344000,
          "ebit": -10393000,
          "ebitda": -9786000,
          "pretax_income": -11355000,
          "tax_provision": -788000,
          "net_income": -10567000,
          "net_income_to_common": -10567000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5052000,
          "total_current_assets": 8765000,
          "total_assets": 12485000,
          "short_term_debt": 473000,
          "long_term_debt": 8008000,
          "total_debt": 10101000,
          "total_liabilities": 14137000,
          "total_equity": -1652000,
          "shares_outstanding": 1072889,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -12940000,
          "capital_expenditure": 4.69,
          "free_cash_flow": -12939995.31,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 14206000,
          "net_debt_issued": -1136000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -3819000,
          "ebitda": -3513000,
          "pretax_income": -3845000,
          "tax_provision": -216000,
          "net_income": -3629000,
          "net_income_to_common": -3629000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 18440000,
          "total_current_assets": 18440000,
          "total_assets": 23642000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": null,
          "total_liabilities": 10435000,
          "total_equity": 13207000,
          "shares_outstanding": 8340215,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": null,
          "capital_expenditure": 0,
          "free_cash_flow": null,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -3819000,
          "ebitda": -3513000,
          "pretax_income": -3845000,
          "tax_provision": -216000,
          "net_income": -3629000,
          "net_income_to_common": -3629000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 18440000,
          "total_current_assets": 18440000,
          "total_assets": 23642000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": null,
          "total_liabilities": 10435000,
          "total_equity": 13207000,
          "shares_outstanding": 8340215,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": null,
          "capital_expenditure": 0,
          "free_cash_flow": null,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -3819000,
          "ebitda": -3513000,
          "pretax_income": -3845000,
          "tax_provision": -216000,
          "net_income": -3629000,
          "net_income_to_common": -3629000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 18440000,
          "total_current_assets": 18440000,
          "total_assets": 23642000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": null,
          "total_liabilities": 10435000,
          "total_equity": 13207000,
          "shares_outstanding": 8340215,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": null,
          "capital_expenditure": 0,
          "free_cash_flow": null,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -3819000,
          "ebitda": -3513000,
          "pretax_income": -3845000,
          "tax_provision": -216000,
          "net_income": -3629000,
          "net_income_to_common": -3629000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 18440000,
          "total_current_assets": null,
          "total_assets": 23642000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": null,
          "total_liabilities": 10435000,
          "total_equity": -133724000,
          "shares_outstanding": 8340215,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": null,
          "capital_expenditure": 0,
          "free_cash_flow": null,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -3819000,
          "ebitda": -3513000,
          "pretax_income": -3845000,
          "tax_provision": -216000,
          "net_income": -3629000,
          "net_income_to_common": -3629000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 18440000,
          "total_current_assets": null,
          "total_assets": 23642000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": null,
          "total_liabilities": 10435000,
          "total_equity": -133724000,
          "shares_outstanding": 8340215,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": null,
          "capital_expenditure": 0,
          "free_cash_flow": null,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -3819000,
          "ebitda": -3513000,
          "pretax_income": -3845000,
          "tax_provision": -216000,
          "net_income": -3629000,
          "net_income_to_common": -3629000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 18440000,
          "total_current_assets": null,
          "total_assets": 23642000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": null,
          "total_liabilities": 10435000,
          "total_equity": -133724000,
          "shares_outstanding": 8340215,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": null,
          "capital_expenditure": 0,
          "free_cash_flow": null,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": null,
          "gross_profit": null,
          "ebit": -3819000,
          "ebitda": -3513000,
          "pretax_income": -3845000,
          "tax_provision": -216000,
          "net_income": -3629000,
          "net_income_to_common": -3629000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 18440000,
          "total_current_assets": null,
          "total_assets": 23642000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": null,
          "total_liabilities": 10435000,
          "total_equity": -133724000,
          "shares_outstanding": 8340215,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": null,
          "capital_expenditure": 0,
          "free_cash_flow": null,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 22040,
          "cost_of_revenue": null,
          "gross_profit": -7529000,
          "ebit": -8814262,
          "ebitda": -8285000,
          "pretax_income": -6173000,
          "tax_provision": -256000,
          "net_income": -5918000,
          "net_income_to_common": -5918000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 22040,
          "cost_of_revenue": null,
          "gross_profit": -7529000,
          "ebit": -8814262,
          "ebitda": -8285000,
          "pretax_income": -6173000,
          "tax_provision": -256000,
          "net_income": -5918000,
          "net_income_to_common": -5918000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 22040,
          "cost_of_revenue": null,
          "gross_profit": -7529000,
          "ebit": -8814262,
          "ebitda": -8285000,
          "pretax_income": -6173000,
          "tax_provision": -256000,
          "net_income": -5918000,
          "net_income_to_common": -5918000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 22040,
          "cost_of_revenue": null,
          "gross_profit": -7529000,
          "ebit": -8814262,
          "ebitda": -8285000,
          "pretax_income": -6173000,
          "tax_provision": -256000,
          "net_income": -5918000,
          "net_income_to_common": -5918000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 22040,
          "cost_of_revenue": null,
          "gross_profit": -7529000,
          "ebit": -8814262,
          "ebitda": -8285000,
          "pretax_income": -6173000,
          "tax_provision": -256000,
          "net_income": -5918000,
          "net_income_to_common": -5918000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 23233616,
          "total_current_assets": 24900589,
          "total_assets": 28407531,
          "short_term_debt": 550000,
          "long_term_debt": 5347000,
          "total_debt": 7503875,
          "total_liabilities": 11368812,
          "total_equity": 17038718,
          "shares_outstanding": 6408127,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -6645276,
          "capital_expenditure": 11034,
          "free_cash_flow": -6634242,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Risk-Adjusted Momentum",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    }
  ],
  "coverage": {
    "factor_history_points": 8,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-07-26",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}