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Management also said it expects mobile and low-end consumer revenue to be essentially eliminated from its mix by year-end.
The stock has been extremely volatile. It closed at USD 0.7001 on October 12, 2026 after a 28.29% one day drop, and the pre-market price is about 64% below that close (calculated). As a penny stock, it carries high volatility, thinLiquidityand meaningful dilution risk, …
● Full-year revenue guidance was narrowed to $205 million to $215 million.
● July convertible notes raised $1.150 billion at an effective conversion price of $149.20.
● FourUtilityagreements were signed in about three months.
● The netDebtratio dropped to 0.91 times from 2.36 times.
● Cumulative secured note repurchases reached $138.8 million of par through July 31.
● Net income was $48,000 versus $65,000 a year earlier.
● The securedCreditagreement matures in November 2026 and the company is in default.
● The SpaceX deal totals $17 billion, with closing expected around November 30, 2027.
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