HLSQ on NYSE
Tessera Defense & Homeland Security Inc.
American prepackaged software services company based in Ness Ziona. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerHLSQ on NYSE1
- IndustryServices-Prepackaged Software1
- HeadquartersDover, Delaware1
- Incorporated inDE2
- Business address850 New Burton Road, Suite 201, Dover, De 199042
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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Fixed cocktail therapy – in this approach a single product containing a fixed number of selected phages is developed to cover a wide range of bacterial strains, thus allowing treatment of broad patient populations with the same product. Fixed cocktails are developed using our platform, in which high throughput screening, directed evolution, and bioinformatic approaches are leveraged to produce an optimal phage cocktail.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development (R&D) expenses, net | $21.3M | $24.7M |
| General and administrative expenses | $9.6M | $11.8M |
| Gain from early lease termination | -$2.9M | |
| Goodwill impairment | $801.0K | |
| IPR&D impairment | $11.8M | $3.2M |
| Other long-lived assets impairment | $1.7M | $4.0M |
| Operating loss | $41.5M | $44.5M |
| Other expense (income) | $93.0K | -$2.1M |
| Interest expenses | $20.0K | $873.0K |
| Finance expense , net | $724.0K | $919.0K |
| Income from change in fair value of warrants | -$6.1M | -$26.5M |
| Loss before tax | $36.2M | $17.7M |
| Tax expenses | $7.0K | $13.0K |
| Net Loss | $36.2M | $17.7M |
| Basic loss per share of Common Stock (in Dollars per share) | $22.19 | $25.37 |
| Diluted loss per share of Common Stock (in Dollars per share) | $22.19 | $58.31 |
| Weighted average number of shares used in computing basic loss per share of Common Stock (in Shares) | 1.6M shares | 698.9K shares |
| Weighted average number of shares used in computing diluted loss per share of Common Stock (in Shares) | 1.6M shares | 757.7K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $4.4M | $16.9M | |
| Restricted cash | $595.0K | $958.0K | |
| Property and equipment, held for sale | $157.0K | ||
| Other current assets | $463.0K | $2.7M | |
| Total current assets | $5.6M | $20.5M | |
| Non-current restricted cash | $161.0K | ||
| Operating lease right-of-use assets | $5.5M | ||
| Property and equipment, net | $5.0M | ||
| In-process Research and development (IPR&D) asset | $208.0K | $12.1M | |
| Total non-current assets | $208.0K | $22.7M | |
| Total Assets | $5.8M | $43.2M | |
| Trade account payables | $3.1M | $1.9M | |
| Current portion of lease liabilities | $1.4M | $1.1M | |
| Other account payables | $1.8M | $5.3M | |
| Total current liabilities | $6.4M | $8.3M | |
| Operating lease liabilities, net of current portion | $8.5M | ||
| Other liabilities | $77.0K | ||
| Warrants | $706.0K | $2.3M | |
| Total non-current liabilities | $706.0K | $10.8M | |
| Preferred Stock, $0.0001 par value; Authorized - 1,000,000 shares as of December 31, 2025 and December 31, 2024. Issued and outstanding 147,512 as of December 31, 2025 and 147,735 shares as of December 31, 2024. | $18.6M | $18.6M | |
| Common stock, $0.0001 par value (Common Stock); Authorized - 750,000,000 shares as of December 31, 2025 and December 31, 2024. Issued and outstanding 1,593,703 and 1,023,010 as of December 31, 2025 and December 31, 2024, respectively. (*) | $7.0K | $6.0K | |
| Additional paid in capital | $197.0M | $186.2M | |
| Accumulated deficit | -$216.9M | -$180.7M | |
| Total Stockholders equity (capital deficiency) | -$1.3M | $24.1M | $3.1M |
| Total liabilities and stockholders equity | $5.8M | $43.2M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in Shares) | 147.5K shares | 147.7K shares | |
| Preferred stock, shares outstanding (in Shares) | 147.5K shares | 147.7K shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 750.0M shares | 750.0M shares | |
| Common stock, shares issued (in Shares) | 1.6M shares | 1.0M shares | |
| Common stock, shares outstanding (in Shares) | 1.6M shares | 1.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $4.4M | $16.9M | |
| Restricted cash | $595.0K | $958.0K | |
| Property and equipment, held for sale | $157.0K | ||
| Other current assets | $463.0K | $2.7M | |
| Total current assets | $5.6M | $20.5M | |
| Non-current restricted cash | $161.0K | ||
| Operating lease right-of-use assets | $5.5M | ||
| Property and equipment, net | $5.0M | ||
| In-process Research and development (IPR&D) asset | $208.0K | $12.1M | |
| Total non-current assets | $208.0K | $22.7M | |
| Total Assets | $5.8M | $43.2M | |
| Trade account payables | $3.1M | $1.9M | |
| Current portion of lease liabilities | $1.4M | $1.1M | |
| Other account payables | $1.8M | $5.3M | |
| Total current liabilities | $6.4M | $8.3M | |
| Operating lease liabilities, net of current portion | $8.5M | ||
| Other liabilities | $77.0K | ||
| Warrants | $706.0K | $2.3M | |
| Total non-current liabilities | $706.0K | $10.8M | |
| Preferred Stock, $0.0001 par value; Authorized - 1,000,000 shares as of December 31, 2025 and December 31, 2024. Issued and outstanding 147,512 as of December 31, 2025 and 147,735 shares as of December 31, 2024. | $18.6M | $18.6M | |
| Common stock, $0.0001 par value (Common Stock); Authorized - 750,000,000 shares as of December 31, 2025 and December 31, 2024. Issued and outstanding 1,593,703 and 1,023,010 as of December 31, 2025 and December 31, 2024, respectively. (*) | $7.0K | $6.0K | |
| Additional paid in capital | $197.0M | $186.2M | |
| Accumulated deficit | -$216.9M | -$180.7M | |
| Total Stockholders equity (capital deficiency) | -$1.3M | $24.1M | $3.1M |
| Total liabilities and stockholders equity | $5.8M | $43.2M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in Shares) | 147.5K shares | 147.7K shares | |
| Preferred stock, shares outstanding (in Shares) | 147.5K shares | 147.7K shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 750.0M shares | 750.0M shares | |
| Common stock, shares issued (in Shares) | 1.6M shares | 1.0M shares | |
| Common stock, shares outstanding (in Shares) | 1.6M shares | 1.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$36.2M | -$17.7M |
| Depreciation | $2.9M | $1.8M |
| Stock-based compensation | $2.1M | $1.8M |
| Gain from early lease termination | -$2.9M | |
| Finance expense (income), net | $256.0K | -$435.0K |
| Revaluation of contingent consideration | -$77.0K | -$78.0K |
| Income from change in fair value of warrants | -$6.1M | -$26.5M |
| Private Placement Warrants issuance cost | $732.0K | |
| Changes in contract liability | -$2.0M | |
| Loss from sale and disposal of fixed assets, net | $205.0K | $221.0K |
| Goodwill impairment | $801.0K | |
| IPR&D impairment | $11.8M | $3.2M |
| Other long-lived asset impairment | $1.7M | $4.0M |
| Other current assets | $2.2M | $842.0K |
| Trade account payables | $1.2M | -$3.2M |
| Other account payables | -$3.4M | -$984.0K |
| Net change in operating leases | -$74.0K | $316.0K |
| Net cash used in operating activities | -$26.4M | -$37.0M |
| Cash and restricted cash acquired from the APT acquisition | $663.0K | |
| Purchase of property and equipment | -$2.0K | -$30.0K |
| Proceeds from sale of property and equipment | $110.0K | $82.0K |
| Net cash provided by investing activities | $108.0K | $715.0K |
| Issuance of Common Stock under February 2025 SPA | $996.0K | |
| February 2025 SPA issuance costs | -$118.0K | |
| Issuance of Common Warrants under February 2025 SPA | $4.5M | |
| Issuance of Common Stock under Inducement Letter Agreements | $6.5M | |
| Pre-Funded Warrants exercise | $2.0K | $6.0K |
| Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs | $1.3M | $19.0K |
| Repayment of long-term debt | -$10.7M | |
| Issuance of Private Placement Warrants under March 2024 PIPE | $28.7M | |
| Issuance of Redeemable Convertible Preferred Shares under March 2024 PIPE | $21.3M | |
| March 2024 PIPE issuance costs | -$918.0K | |
| Net cash provided by financing activities | $13.2M | $38.4M |
| Increase (decrease) in cash and cash equivalents and restricted cash | -$13.1M | $2.1M |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | $73.0K | $1.0K |
| Cash paid for interest | $20.0K | $1.4M |
| Taxes paid in Israel | $7.0K | $13.0K |
| Lease liability and Operating lease right-of-use asset remeasurement | $2.5M | |
| Derecognition of right-of-use asset as a result of operating lease termination | $1.8M | |
| Derecognition of lease liability as a result of operating lease termination | $4.9M | |
| Property and equipment purchases included in accounts payable | $1.0K | |
| Issuance cost from March 2024 PIPE | $1.3M | |
| Issuance of Common Stock under the APT acquisition | $3.0M | |
| Issuance of Redeemable Convertible Preferred Shares under the APT acquisition | $12.6M | |
| Issuance of Merger Warrants under the APT acquisition | $200.0K | |
| Redeemable Convertible Preferred Shares conversion into shares of Common Stock | $28.0K | $13.8M |
No quarter-by-quarter statement was filed.
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Leadership
Who has led Tessera Defense & Homeland Security Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
- Chief executive officerJonathan Eitan Solomon Nov 7, 2019 to now13
- ChairGbolahan Amusa Dec 14, 2018 to Dec 14, 201814
- Chief financial officerAvraham Gabay Dec 11, 2023 to Dec 11, 202315
- Chief financial officerMarina Wolfson Aug 24, 2022 to Dec 11, 202316
- Chief financial officerGeorge Kaufman Dec 14, 2018 to Dec 14, 201817
Board members and other officers (33)
- Principal Financial OfficerMarina Wolfson Jan 15, 2020 to Mar 31, 202218
- Chief Business OfficerAssaf Oron Nov 7, 2019 to now19
- VP of Platform Research&Devel.Inbar Gahali-Sass Nov 7, 2019 to Nov 7, 201920
- Chief Development OfficerMerav Bassan Nov 7, 2019 to now21
- Vice President of DevelopmentMyriam Golembo Nov 7, 2019 to Nov 7, 201922
- Chief Medical OfficerSailaja Puttagunta Nov 7, 2019 to Apr 1, 202123
- Board memberReuven Yeganeh Jan 16, 2026 to now24
- Board memberLiat Cohavi Bidas Mar 3, 2026 to now25
- Board memberJames E. Flynn Mar 19, 2024 to now26
- Board memberMgmt Hif L.p. Deerfield Mar 19, 2024 to now26
- Board memberGregory Louis Merril Mar 21, 2024 to now27
- Board memberJesse Goodman Mar 21, 2024 to now28
- Board memberJonathan S. Leff Mar 21, 2024 to now29
- Board memberSusan Blum Apr 15, 2024 to now30
- Board memberJason M. Marks May 19, 2023 to Aug 23, 202331
- Board memberMichael E. Dambach May 19, 2023 to Aug 23, 202332
- Board memberGbolahan Amusa Mar 27, 2020 to Mar 31, 202233
- Board memberAlan Charles Moses Oct 5, 2020 to now34
- Board memberPaul J. Sekhri Oct 5, 2020 to Jul 30, 202135
- Board memberErez Chimovits Nov 7, 2019 to Mar 27, 202036
- Board memberJonathan Eitan Solomon Nov 7, 2019 to now13
- Board memberRobbie Woodman Nov 7, 2019 to Nov 7, 201937
- Board memberRussell Greig Nov 7, 2019 to now38
- Board memberYaron Breski Nov 7, 2019 to Mar 27, 202039
- Board memberUri Ben-Or Nov 8, 2019 to Nov 8, 201940
- Board memberLynne Marie Sullivan Nov 12, 2019 to Mar 3, 202341
- Board memberIsrael Biofund Gp Limited Partnership Orbimed Dec 9, 2019 to Dec 20, 201942
- Board memberEric Kusseluk Dec 14, 2018 to Dec 14, 201843
- Board memberGeorge Kaufman Dec 14, 2018 to Dec 14, 201817
- Board memberMatthew Rossen Dec 14, 2018 to Dec 14, 201844
- Board memberRichard Giroux Dec 14, 2018 to Dec 14, 201845
- Board memberYehuda Michael Rice Dec 14, 2018 to Dec 14, 201846
- Board memberElliot Gnedy Dec 21, 2018 to Dec 21, 201847
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
- Nov 7, 2019New chief executive Jonathan Eitan Solomon becomes CEO13
Filings
374 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 100 major events, 98 insider forms, 53 large holders, 5 private raises, 96 other. The latest 20:
- Oct 13, 20268-K CURRENT REPORT EDGAR
- Oct 8, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Oct 8, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Oct 7, 20268-K CURRENT REPORT EDGAR
- Oct 6, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
- Oct 6, 2026SCHEDULE 13D/A EDGAR
- Oct 5, 2026SCHEDULE 13G EDGAR
- Oct 5, 20268-K CURRENT REPORT EDGAR
- Sep 29, 20268-K CURRENT REPORT EDGAR
- Sep 25, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
- Sep 25, 20268-K CURRENT REPORT EDGAR
- Sep 22, 20268-K CURRENT REPORT EDGAR
- Sep 17, 2026SCHEDULE 13D EDGAR
- Sep 15, 20268-K CURRENT REPORT EDGAR
- Sep 9, 20268-K CURRENT REPORT EDGAR
- Sep 1, 20268-K CURRENT REPORT EDGAR
- Sep 1, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
- Aug 28, 20268-K CURRENT REPORT EDGAR
- Aug 25, 20268-K CURRENT REPORT EDGAR
- Aug 20, 2026SCHEDULE 13G/A EDGAR
The 374 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
72 open-market trades by officers, directors and large owners since October 2021: 4 buys and 68 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 17, 2026 | Yeganeh ReuvenDirector | Sale | 530,000 | $5.00 | $2.6M | Form 4 |
| Mar 16, 2026 | Yeganeh ReuvenDirector | Sale | 450,000 | $5.00 | $2.2M | Form 4 |
| Mar 13, 2026 | Yeganeh ReuvenDirector | Sale | 370,000 | $5.00 | $1.9M | Form 4 |
| Mar 12, 2026 | Yeganeh ReuvenDirector | Sale | 300,000 | $5.00 | $1.5M | Form 4 |
| May 15, 2024 | GORDON CARL L10% owner | Sale | 24,344 | $0.38 | $9.3K | Form 4 |
| Nov 29, 2023 | Oron AssafChief Business Officer | Sale | 10,914 | $0.37 | $4.1K | Form 4 |
| May 22, 2023 | Oron AssafChief Business Officer | Buy | 3,192 | $0.27 | $862 | Form 4 |
| May 19, 2023 | Oron AssafChief Business Officer | Buy | 6,521 | $0.28 | $1.8K | Form 4 |
| May 18, 2023 | Oron AssafChief Business Officer | Buy | 1,201 | $0.27 | $324 | Form 4 |
| Feb 27, 2023 | OrbiMed Israel GP Ltd.10% owner | Buy | 348,000 | $0.25 | $87.0K | Form 4 |
| Nov 4, 2022 | Ugwumba Chidozie | Sale | 1,501 | $0.38 | $570 | Form 4 |
| Nov 3, 2022 | Ugwumba Chidozie | Sale | 2,000 | $0.37 | $740 | Form 4 |
| Nov 2, 2022 | Ugwumba Chidozie | Sale | 2,416 | $0.36 | $870 | Form 4 |
| Nov 1, 2022 | Ugwumba Chidozie | Sale | 1,300 | $0.36 | $468 | Form 4 |
| Oct 31, 2022 | Ugwumba Chidozie | Sale | 3,300 | $0.37 | $1.2K | Form 4 |
| Oct 28, 2022 | Ugwumba Chidozie | Sale | 1,526 | $0.36 | $549 | Form 4 |
| Oct 27, 2022 | Ugwumba Chidozie | Sale | 1,505 | $0.36 | $542 | Form 4 |
| Oct 26, 2022 | Ugwumba Chidozie | Sale | 12,500 | $0.35 | $4.4K | Form 4 |
| Oct 25, 2022 | Ugwumba Chidozie | Sale | 3,072 | $0.37 | $1.1K | Form 4 |
| Oct 24, 2022 | Ugwumba Chidozie | Sale | 5,900 | $0.35 | $2.1K | Form 4 |
All 72 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Mayers Ventures LLCSCHEDULE 13D/A, 2 filings Sep 17, 2026 to Oct 6, 202651
- Mandragola Ltd.SCHEDULE 13G, 1 filing Oct 5, 202652
- Cystic Fibrosis FoundationSCHEDULE 13G/A, 6 filings Mar 8, 2023 to Aug 20, 202653
- Nantahala Capital Management, LLCSCHEDULE 13G/A, 4 filings Nov 13, 2024 to Aug 14, 202654
- Centaurus Investments LtdSCHEDULE 13G/A, 5 filings Sep 29, 2023 to Aug 13, 202655
- James E. FlynnSCHEDULE 13D/A, 8 filings Mar 22, 2024 to Jun 16, 202656
- Alyeska Investment Group, L.P.SCHEDULE 13G/A, 2 filings May 15, 2025 to Feb 17, 202657
- Orin HirschmanSCHEDULE 13G/A, 2 filings May 8, 2025 to Jan 29, 202658
- Reuven YeganehSCHEDULE 13D, 1 filing Jan 26, 202659
- Morgan StanleySCHEDULE 13G/A, 2 filings Aug 5, 2025 to Aug 7, 202560
- OrbiMed Israel BioFund GP Limited PartnershipSCHEDULE 13D/A, 6 filings Mar 17, 2023 to Jun 23, 202561
- AMR Action Fund, L.P.SC 13G/A, 2 filings Mar 25, 2024 to Nov 13, 202462
- John Howard Burbank Iii.SC 13G/A, 2 filings Jun 23, 2023 to Nov 4, 202463
- MMCAP International Inc. SPCSC 13G/A, 3 filings Feb 4, 2022 to Feb 13, 202464
- Chidozie UgwumbaSC 13G/A, 3 filings Feb 14, 2022 to Feb 13, 202365
- Takeda Pharmaceutical CompanySC 13G/A, 2 filings Oct 18, 2021 to Aug 5, 202266
- Thomas Layton WaltonSC 13G, 1 filing Feb 14, 202267
Money raised
Private offerings the company reported to the SEC on Form D.
- Jan 13, 2026Raised $3.3 million in a private offering of equity Form D: 1 investor so far Form D
- Mar 15, 2024Raised $61.5 million in a private offering of equity Form D: 34 investors so far Form D
- Feb 27, 2023Raised $1.5 million in a private offering of equity Form D: $7.5 million offered in all Form D
- Dec 21, 2021Raised $3 million in a private offering of equity Form D: $5 million offered in all Form D
- Oct 14, 2021Raised $3 million in a private offering of equity Form D: 1 investor so far Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARGbolahan Amusa, Chair
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- 19SEC EDGARAssaf Oron, Chief Business Officer
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- 24SEC EDGARReuven Yeganeh, Board member
- 25SEC EDGARLiat Cohavi Bidas, Board member
- 26SEC EDGARJames E. Flynn, Board member
- 27SEC EDGARGregory Louis Merril, Board member
- 28SEC EDGARJesse Goodman, Board member
- 29SEC EDGARJonathan S. Leff, Board member
- 30SEC EDGARSusan Blum, Board member
- 31SEC EDGARJason M. Marks, Board member
- 32SEC EDGARMichael E. Dambach, Board member
- 33SEC EDGARGbolahan Amusa, Board member
- 34SEC EDGARAlan Charles Moses, Board member
- 35SEC EDGARPaul J. Sekhri, Board member
- 36SEC EDGARErez Chimovits, Board member
- 37SEC EDGARRobbie Woodman, Board member
- 38SEC EDGARRussell Greig, Board member
- 39SEC EDGARYaron Breski, Board member
- 40SEC EDGARUri Ben-Or, Board member
- 41SEC EDGARLynne Marie Sullivan, Board member
- 42
- 43SEC EDGAREric Kusseluk, Board member
- 44SEC EDGARMatthew Rossen, Board member
- 45SEC EDGARRichard Giroux, Board member
- 46SEC EDGARYehuda Michael Rice, Board member
- 47SEC EDGARElliot Gnedy, Board member
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