Company Reports Q4 Revenue of $421M, CEO Highlights Significant Progress in 2025

Reports Q4 revenue $421M vs. $501M last year. Cash and short-term investments of $8.6M at the end of 2025 are believed to be sufficient to provide operating runway through approximately 2Q27. "2025 marked meaningful progress, with continued field validation, revenue growth, improved margins, and a stronger balance sheet," said CEO Joel Fruendt. "We believe field validation of efficacy becomes a powerful catalyst for expanded acceptance in the market, as reflected in the strong growth of our e-commerce channel, which is now more than 50% of our annual revenue. We are leaning further into the direct-to-consumer and e-commerce opportunities, strengthening our control of the customer experience, improving performance management, and enhancing our ability to capture more value as adoption expands." "With a CEO transition plan underway, the Board remains focused on continuity, alignment, and disciplined execution as we support management in scaling the business," said Jamie Bechtel, Interim Executive Chair. "With a growing body of validation and a sharpened go-to-market approach, we are focused on executing with discipline, expanding adoption, and building long-term stockholder value."