31.32
+3.09%
Close of 9 Nov 2026, in HKD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
$959.5m
FY2016FY2025
Net income
−$532.8m
FY2016FY2025
Free cash flow
$241.7m
FY2016FY2025
Shareholders' equity
$3.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $959.5m | $75.8m | $71.5m | $79.8m | $511.1m | $390.8m | $273.4m | $231.0m | $152.6m | $114.7m |
| Research and development | $71.2m | $6.9m | $6.7m | $49.7m | $358.4m | $263.4m | $186.0m | $74.1m | $18.1m | $9.5m |
| Operating income | $255.2m | $1.2m | $3.3m | −$55.9m | −$494.0m | −$204.5m | −$131.3m | $5.1m | $39.6m | $24.9m |
| Net income | −$532.8m | $377.6m | −$12.2m | −$28.9m | −$347.9m | −$204.9m | −$96.9m | $21.2m | $26.1m | $26.2m |
| Diluted earnings per share | -0.24 | 0.17 | -0.01 | -0.01 | -0.17 | -0.10 | -0.05 | 0.01 | 0.02 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $4.85bn | $5.28bn | $3.39bn | $2.55bn | $2.23bn | $1.45bn | $889.4m | $917.0m | $504.3m | $226.0m |
| Cash and short-term investments | $843.0m | $621.2m | $1.93bn | $1.46bn | $1.41bn | $771.2m | $426.5m | $564.6m | $126.9m | $136.5m |
| Total liabilities | $876.3m | $954.9m | $1.34bn | $1.18bn | $846.2m | $631.8m | $517.1m | $423.7m | $275.9m | $42.0m |
| Debt | $258.8m | $723.7m | $417.0m | $349.8m | $156.4m | $52.4m | $22.4m | $10.5m | — | — |
| Shareholders' equity | $3.96bn | $4.32bn | $1.39bn | $1.01bn | $1.05bn | $901.7m | $382.8m | $478.7m | $217.8m | $177.6m |
| Shares outstanding | 2,228m | 2,178m | 2,112m | 2,103m | 2,085m | 1,953m | 1,878m | 1,857m | 1,726m | 1,724m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $325.5m | $9.6m | −$286.9m | −$120.3m | −$136.8m | −$151.1m | −$30.0m | $307.7m | $21.4m | $33.3m |
| Capital spending | −$83.8m | −$18.9m | −$157.7m | −$216.1m | −$133.0m | −$121.9m | −$110.4m | −$70.8m | −$29.2m | −$8.6m |
| Free cash flow | $241.7m | −$9.2m | −$444.6m | −$336.4m | −$269.8m | −$273.0m | −$140.3m | $236.8m | −$7.8m | $24.7m |
| Dividends paid | — | — | — | — | — | — | — | — | −$2.6m | −$2.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $403.2m | $440.8m | $518.8m | $39.4m | $36.4m | $57.1m | $391.3m | $316.1m |
| Operating income | $49.4m | $76.2m | $179.1m | $42,201 | $1.1m | −$24.6m | −$222.6m | −$260.7m |
| Net income | −$129.0m | −$507.4m | −$25.5m | $400.0m | −$22.3m | −$241,733 | −$93.6m | −$91.3m |
| Diluted earnings per share | -0.06 | -0.23 | -0.01 | 0.18 | -0.01 | -0.00 | -0.04 | -0.04 |
| Cash from operations | — | $92.0m | $232.0m | $9.0m | $10.0m | −$99.0m | −$187.0m | −$58.0m |
| Capital spending | — | −$51.0m | −$32.0m | −$18.0m | −$17.0m | −$172.0m | −$80.0m | −$142.0m |
| Free cash flow | — | $41.0m | $200.0m | −$9.0m | −$7.0m | −$271.0m | −$267.0m | −$200.0m |
| Total assets | $4.79bn | $4.85bn | $5.43bn | $5.28bn | $3.33bn | $431.9m | $3.38bn | $324.7m |
| Cash and short-term investments | $831.2m | $843.0m | $938.4m | $621.2m | $1.87bn | $245.8m | $2.14bn | $186.6m |
| Debt | $203.2m | $532.3m | $218.6m | $170.6m | $350.5m | $53.2m | $380.9m | $44.6m |
| Shareholders' equity | $3.88bn | $3.96bn | $4.42bn | $4.32bn | $1.21bn | $177.4m | $1.35bn | $128.8m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 26.6% | 1.6% | 4.7% | -70.0% | -96.7% | -52.3% |
| Net margin | -55.5% | 498.2% | -17.0% | -36.3% | -68.1% | -52.4% |
| Return on equity | -13.5% | 68.5% | -6.9% | -22.4% | -33.3% | -22.7% |
| Return on assets | -11.0% | 56.1% | -2.8% | -8.9% | -15.6% | -14.2% |
| Free cash flow yield | 0.6% | 0.3% | -0.2% | 0.1% | -0.0% | -0.0% |
| Revenue growth | 61.4% | 6.1% | -10.4% | 22.4% | 30.8% | 43.0% |
| Earnings growth | -118.0% | -3202.2% | -57.9% | -34.8% | 69.7% | 111.5% |
| Current ratio | 1.47x | 2.72x | 4.76x | 3.23x | 3.97x | 3.03x |
| Debt to equity | 0.12x | 0.03x | 0.25x | 0.30x | 0.12x | 0.05x |
| Equity ratio | 81.6% | 81.9% | 41.1% | 39.7% | 46.8% | 62.3% |
| Interest coverage | 14.74x | 1.16x | 0.95x | -33.01x | -207.74x | -144.25x |
| R&D as a share of sales | 7.4% | 9.0% | 9.4% | 62.3% | 70.1% | 67.4% |
| Buybacks as a share of market value | -2.3% | -3.1% | -0.4% | -0.9% | -6.8% | -4.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 129.1% | 19.7% | 27.2% |
| Operating income | — | — | 37.1% |
| Net income | 164.1% | 21.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 24.8% | 17.2% | -23.7% | -18.5% |
| Net margin | -15.0% | -16.5% | -35.9% | -25.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -6.6 | 7.3 | -439.5 | -230.5 | -26.4 | -13.7 |
| Price to sales | 3.7 | 36.1 | 74.9 | 83.6 | 18.0 | 7.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jun 2017.
| FY2017 | |
|---|---|
| Paid in the year | 0.012 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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