Net sales increased by 15.8% to $58.6 million in 2025, up from $50.6 million in 2024, primarily due to higher OEM battery and accessory sales and licensing revenue. The company reported a net loss of $69.9 million in 2025, a substantial increase from the $40.6 million net loss in 2024, largely due to a $31.8 million debt extinguishment expense. OEM sales represented 63.0% of total revenues in 2025, up from 54.5% in 2024, reflecting a strategic shift towards integrated energy storage solutions at scale. Direct-to-consumer (DTC) revenue decreased by $1.9 million in 2025 due to macroeconomic factors like rising interest rates and inflation, with DTC sales expected to remain relatively flat through 2026. A significant debt restructuring occurred in October/November 2025, reducing total debt from $93.1 million to approximately $19.4 million through prepayments, principal forgiveness, and conversion into Series B Preferred Stock. The company continues to invest in proprietary dry electrode cell manufacturing technology and solid-state battery development, aiming for cost-effective, environmentally sustainable, and safer energy solutions. Management implemented a strategic cost realignment in March 2026, expected to generate $8.9 million in annualized savings through compensation adjustments, workforce reductions, reduced discretionary spending, and facility consolidation.