Cost ChallengesEngineering and general administrative costs were higher than anticipated, totaling $41 million and $30 million, respectively, compared to estimates.
Revenue ShortfallThird quarter revenues fell short of expectations with $15 million compared to estimates of $19 million and $20 million, respectively.
Valuation ConcernsThe stock price has doubled from $48 to $95.7 p/s, indicating a valuation that has run ahead of fundamentals.