7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-03-31 
                    
      operating cash flow
    		                
      net loss
    		-532,646 30,326,996 -30,395,000 -180,315,000 -45,554,000 -74,438,000 -48,080,000  -58,328,000 -29,734,000 -35,610,000 -47,190,000 -49,630,000    
      adjustments to reconcile net loss to operating cash flow:
    		                
      depreciation and amortization
    		                
      equity-based compensation expense
    		4,798 -4,448,303 4,458,000 3,200,000 3,946,000 4,278,000 2,218,000 4,140,000 4,009,000 4,453,000 3,637,000 3,614,000 3,585,000    
      disposal of property, plant and equipment
    		0                
      impairment of intangible asset
    		   0 0 0 71,000          
      gain on insurance proceeds received for damage to property, plant and equipment
    		    0            
      change in fair value of warrant liabilities
    		   170,030,000 7,191,000   -6,460,000 -11,076,000        
      other changes in assets and liabilities:
    		                
      prepaid expenses and other assets
    		-11,549 228,400 -229,000 7,939,000 798,000 2,955,000 4,721,000 8,334,000 -15,810,000 -2,468,000 -99,000 7,542,000 -7,188,000    
      accounts and other receivables
    		-2,394 -7,757,690 7,766,000              
      long-lead material work in process
    		1,032      -3,956,000 -5,596,000         
      long-lead material liability
    		0   -737,000 619,000            
      accounts payable and accrued expenses
    		337,850 1,308,222 -1,292,000 7,761,000 -1,771,000 -1,616,000 1,343,000 9,416,000 8,503,000 497,000 -170,000 -3,812,000 5,010,000    
      nonrefundable customer deposit
    		                
      net change in right of use assets and lease liabilities
    		-53 51,897 -52,000              
      deferred revenue
    		469 21,700 -22,000 865,000 0 41,000 -861,000 -32,483,000 9,602,000 22,701,000 222,000 -275,000 337,000    
      accrued compensation
    		2,401 1,722,970 -1,724,000 -419,000 2,015,000 321,000 -3,133,000 -873,000 3,185,000 -39,000 -2,596,000 -14,000 3,406,000    
      net cash from operating activities
    		-199,799 22,729,893 -22,786,000 -26,417,000 -12,728,000 -36,032,000 -33,489,000 -73,212,000 -27,675,000 -39,230,000 -43,137,000 -43,881,000 -40,676,000 -63,643,460 -408,540  
      capital expenditures
    		0 0 -67,000 0 0 0  -51,000 -54,000 -1,269,000 -351,000 -588,000 -163,000 0 0  
      free cash flows
    		-199,799 22,729,893 -22,853,000 -26,417,000 -12,728,000 -36,032,000  -73,263,000 -27,729,000 -40,499,000 -43,488,000 -44,469,000 -40,839,000 -63,643,460 -408,540  
      investing cash flow
    		                
      proceeds from sale of short-term investments
    		                
      proceeds from sale of investments
    		                
      purchase of short-term investments
    		-243,937 9,896,949 -10,000,000 -20,000,000             
      purchase of investments
    		-36,799                
      purchase of property, plant and equipment
    		                
      insurance proceeds received for damage to property, plant and equipment
    		    0            
      net cash from investing activities
    		  9,933,000     -51,000 -54,000 -1,269,000 49,649,000 -588,000 -50,163,000    
      financing cash flow
    		                
      proceeds from the issuance of common stock, net of issuance fees
    		462,613 -99,657,243 99,757,000 100,806,000 31,201,000 31,027,000 41,614,000 1,969,000         
      proceeds from exercise of common share options
    		1,189 -2,957,292 2,962,000              
      net cash from financing activities
    		463,802 -102,614,535 102,719,000 311,389,000 38,422,000 34,781,000 45,214,000 1,994,000 9,762,000 2,754,000 1,617,000 1,178,000 27,524,000    
      net change in cash, cash equivalents and restricted cash
    		109,890 -89,969,861 89,866,000 289,928,000 -19,306,000   -71,269,000         
      cash, cash equivalents and restricted cash:
    		                
      beginning of period
    		0 -406,249,344 406,656,000 0 0 0 125,365,000 0 0 0 244,217,000 0 0    
      end of period
    		109,890 -496,219,205 496,522,000 289,928,000 -19,306,000 -1,056,000 137,090,000 -71,269,000 -17,967,000 -37,745,000 252,346,000 -43,291,000 -63,315,000    
      summary of noncash investing and financing activities:
    		                
      accrued foreign income tax withholding to noncontrolling interests
    		0 -415,584 416,000              
      plant, property and equipment in accounts payable
    		  65,000              
      supplemental disclosures of cash flow information:
    		                
      foreign income taxes paid
    		0 -1,598,400 1,600,000              
      depreciation
    		 -268,471 269,000 379,000 394,000 402,000 490,000 567,000 641,000 557,000 615,000 640,000 666,000    
      amortization of intangibles
    		 -43,911 44,000 44,000 44,000 45,000 44,000 44,000 44,000 45,000 44,000 44,000 44,000    
      sale of short-term investments
    		 -19,980,000 20,000,000      0 0 50,000,000      
      net cash (used) provided by investing activities
    		   4,956,000             
      loss on disposal of plant property and equipment
    		                
      long-term contract work in process
    		  -1,609,000  -382,000            
      purchases of property, plant and equipment
    		  -67,000     -51,000 -54,000 -1,269,000 -351,000 -588,000 -163,000    
      provision for credit losses
    		   943,000             
      loss on disposal of property, plant and equipment
    		      73,000          
      net noncash change in right of use assets and lease liabilities
    		   206,000 -87,000 -97,000 -90,000 -2,130,000 -240,000 355,000 -345,000 -6,946,000 8,528,000    
      changes in assets and liabilities:
    		                
      accounts receivable
    		     -3,272,000 5,024,000 10,063,000 4,730,000 -3,928,000 -9,793,000 11,615,000 -7,813,000    
      lease liability
    		   -410,000 -403,000 -401,000 -398,000 -411,000 -570,000 -570,000 -150,000 -238,000 -454,000    
      deferred doe cost share
    		           0 0    
      insurance proceeds for property, plant and equipment
    		                
      proceeds from exercise of warrants
    		                
      foreign income tax withholding to nci interests
    		                
      proceeds from transaction
    		           0 0    
      payments of transaction costs
    		           0 0    
      proceeds from exercise of common unit options
    		           0 0    
      repurchase of common units
    		           0 0    
      issuance of treasury units
    		           0 0    
      assumption of transaction warrant liabilities
    		           0 0    
      debt converted to equity
    		           0 0    
      warrants converted into equity
    		           0     
      conversion of equity options to liability award
    		           0 0    
      cash paid for income taxes
    		                
      proceeds from exercise of warrants and common share options
    		    7,221,000 3,754,000 3,600,000 25,000 1,895,000 2,754,000 1,617,000 1,178,000     
      change in the fair value of warrant liabilities
    		      9,045,000    1,108,000      
      net increase in cash, cash equivalents and restricted cash
    		      11,725,000    8,129,000 -43,291,000     
      net income
    		              -15,958,891 8,734,669 
      adjustments to reconcile net income to operating cash flow:
    		                
      accrued interest on convertible note payable
    		                
      sale (purchase) of short-term investments
    		                
      repayment of debt
    		                
      proceeds from short-term borrowings
    		                
      repayment of short-term borrowings
    		                
      proceeds from sale of convertible preferred units
    		                
      equity issuance fees
    		                
      conversion of accounts payable to convertible preferred units
    		                
      cash paid for interest
    		                
      cfpp liability
    		                
      purchases of short-term investments
    		                
      net change in cash and cash equivalents
    		                
      cash and cash equivalents:
    		                
      cash, cash equivalents and restricted cash
    		                
      long-term contract work in process in accounts payable
    		          16,018,000      
      proceeds from debt issuance
    		                
      capital expenditures in accounts payable
    		                
      increase in lease liability
    		                
      increase in the fair value of warrant liabilities
    		                
      net increase in cash and cash equivalents
    		                
      ​
    		              2,022  
      cash flows from operating activities:
    		                
      adjustments to reconcile net income to net cash from operating activities:
    		                
      change in fair value of derivative warrant liabilities
    		              10,835,000  
      income from investments held in trust account
    		              -23,395  
      changes in operating assets and liabilities:
    		                
      prepaid expenses
    		              27,803  
      related party receivable
    		                
      accounts payable
    		              -195,091  
      accrued expenses
    		              4,906,034  
      cash flows from financing activities:
    		                
      payment of offering costs
    		                
      net change in cash
    		              -408,540  
      cash - beginning of the period
    		              985,114  
      cash - ending of the period
    		              576,574  
      basic and diluted net income per ordinary share:
    		                
      numerator:
    		                
      allocation of net income
    		              -12,767,113  
      denominator:
    		                
      basic and diluted weighted-average ordinary shares outstanding
    		              23,000,000  
      basic and diluted net income per ordinary share
    		              -0.56  
      change in fair value of derivative liabilities
    		                
      gain on marketable securities (net), dividends and interest, held in trust account
    		                
      formation and operating cost paid through the issuance of ordinary shares to sponsor
    		                
      advances from related party
    		                
      offering costs paid
    		                
      net decrease in cash
    		                
      cash - beginning of period
    		                
      cash - end of period
    		                
      supplemental disclosure of noncash investing and financing activities:
    		                
      initial classification of class a ordinary shares subject to possible redemption
    		                
      accretion of class a ordinary shares to redemption value
    		                
      deferred offering costs included in accrued expenses
    		                
      deferred offering costs paid through promissory note — related party
    		                
      deferred offering costs paid through the issuance of ordinary shares to sponsor
    		                
      balance sheet
    		                
      ordinary shares subject to possible redemption
    		                
      shareholders’ equity
    		                
      preference shares - 0.0001 par value
    		                
      class a ordinary shares - 0.0001 par value
    		                
      class b ordinary shares - 0.0001 par value
    		                
      additional paid-in-capital
    		                
      accumulated deficit
    		                
      total shareholders’ equity
    		                
      offering costs allocated to derivative warrant liabilities
    		                
      payment of formation costs through issuance of class b ordinary shares
    		                
      cash flows from investing activities
    		                
      cash deposited in trust account
    		                
      proceeds from sale of units, net of underwriting discounts paid and reimbursements
    		                
      proceeds from sale of private placement warrants
    		                
      repayment of promissory note-related party
    		                
      supplemental disclosure of noncash financing activities:
    		                
      warrant liabilities in connection with initial public offering
    		                
      deferred underwriting fee payable
    		                
      accrued offering costs
    		                
      offering costs paid by sponsor in exchange for founder shares
    		                
      offering costs paid directly through note payable
    		                
      change in value of class a ordinary shares subject to possible redemption
    		                
      redeemable class a ordinary shares
    		                
      numerator: earnings allocable to redeemable class a ordinary shares
    		                
      less: income and franchise tax
    		                
      net earnings allocable to redeemable class a ordinary shares
    		                
      denominator: weighted-average share outstanding, redeemable class a ordinary shares
    		                
      basic and diluted weighted-average shares outstanding, redeemable class a
    		                
      basic and diluted net earnings per share, redeemable class a
    		                
      non-redeemable class b ordinary shares
    		                
      numerator: net income minus redeemable net earnings
    		                
      less: net earnings allocable to redeemable class a ordinary shares
    		                
      net income attributable to non-redeemable class b ordinary shares
    		                
      denominator: weighted-average non-redeemable class b ordinary shares
    		                
      basic and diluted weighted-average shares outstanding, non-redeemable class b
    		                
      basic and diluted net income per share, non-redeemable class b
    		                
      redemable class a ordinary shares
    		                
      interest income
    		               5,729 
      net earnings
    		               5,729 
      denominator: weighted-average redeemable class a ordinary shares
    		                
      redeemable class a common stock, basic and diluted
    		               23,000,000 
      earnings/basic and diluted redeemable class a ordinary share
    		                
      redeemable net earnings
    		               5,729 
      non-redeemable net income
    		               8,740,398 
      non-redeemable class b ordinary shares, basic and diluted
    		               5,750,000 
      income/basic and diluted non-redeemable class b ordinary share
    		               1.52 
      redemable class a common stock
    		                
      numerator: earnings allocable to redeemable class a common stock
    		                
      income and franchise tax
    		                
      denominator: weighted-average redeemable lass a common stock
    		                
      earnings/basic and diluted redeemable class a common stock
    		                
      non-redeemable class b common stock
    		                
      denominator: weighted-average non-redeemable class b common stock
    		                
      non-redeemable class b common stock, basic and diluted
    		                
      loss/basic and diluted non-redeemable class b common stock
    		                
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.