Z 
20.96
+14.16%
Close of 9 Nov 2026, in HKD
Search any instrument
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
$460.8m
FY2016FY2025
Net income
−$175.8m
FY2016FY2025
Free cash flow
−$159.1m
FY2016FY2025
Shareholders' equity
$715.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $460.8m | $50.9m | $34.0m | $215.0m | $144.3m | $49.0m | $13.0m | $129,452 | — | — |
| Gross profit | $269.5m | $32.0m | $21.8m | $141.0m | $92.1m | $32.2m | $9.2m | $85,862 | — | — |
| Research and development | $221.2m | $29.9m | $33.9m | $286.4m | $573.3m | $222.7m | $142.2m | $120.3m | $39.3m | $4.1m |
| Operating income | −$229.8m | −$36.0m | −$46.7m | −$404.4m | −$700.1m | −$301.8m | −$203.2m | −$141.8m | −$51.4m | −$4.9m |
| Net income | −$175.8m | −$32.8m | −$42.7m | −$482.0m | −$692.4m | −$298.2m | −$183.4m | −$139.1m | −$50.4m | −$4.8m |
| Diluted earnings per share | -0.16 | -0.03 | -0.44 | -5.02 | -7.25 | -3.41 | -2.70 | -2.40 | -1.53 | -0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.17bn | $1.19bn | $1.04bn | $1.22bn | $1.61bn | $1.30bn | $355.2m | $302.0m | $249.6m | $88.9m |
| Cash and short-term investments | $789.5m | $779.7m | $806.5m | $1.01bn | $1.41bn | $1.19bn | $275.9m | $263.3m | $229.7m | $83.9m |
| Total liabilities | $456.8m | $344.9m | $240.2m | $174.5m | $230.0m | $128.3m | $60.5m | $50.9m | $14.5m | $140.5m |
| Debt | $224.3m | $153.5m | $15.2m | $20.4m | $15.5m | $18.6m | $21.8m | $3.6m | — | — |
| Shareholders' equity | $715.4m | $840.9m | $796.1m | $1.05bn | $1.38bn | $1.17bn | $294.7m | $251.1m | $235.2m | −$51.6m |
| Shares outstanding | 1,106m | 1,027m | 97m | 96m | 95m | 88m | 68m | 58m | 33m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$151.0m | −$27.4m | −$198.2m | −$367.6m | −$549.2m | −$216.1m | −$191.0m | −$97.5m | −$32.4m | −$4.1m |
| Capital spending | −$8.1m | −$7.8m | −$8.5m | −$25.0m | −$18.9m | −$10.7m | −$15.2m | −$10.1m | −$9.1m | −$284,253 |
| Free cash flow | −$159.1m | −$35.2m | −$206.7m | −$392.6m | −$568.2m | −$226.7m | −$206.3m | −$107.7m | −$41.5m | −$4.4m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 58.5% | 62.9% | 64.1% | 65.6% | 63.8% | 65.8% | — | — |
| Operating margin | -49.9% | -63.9% | -140.3% | -182.7% | -482.3% | -546.6% | — | — |
| Net margin | -38.1% | -64.4% | -125.5% | -224.1% | -479.8% | -609.0% | — | — |
| Return on equity | -24.6% | -30.6% | -42.0% | -46.1% | -50.2% | -25.5% | — | — |
| Return on assets | -15.0% | -21.7% | -32.3% | -39.5% | -43.0% | -23.0% | — | — |
| Free cash flow yield | -0.7% | -0.8% | -11.1% | -20.2% | -31.4% | -13.3% | — | — |
| Revenue growth | 15.5% | 49.6% | 24.0% | 49.0% | 194.8% | 277.0% | — | — |
| Earnings growth | -31.6% | -23.2% | -30.6% | -30.4% | 132.2% | 62.6% | — | — |
| Current ratio | 2.45x | 3.51x | 4.63x | 8.04x | 7.78x | 12.40x | — | — |
| Debt to equity | 0.29x | 0.17x | 0.01x | 0.01x | 0.00x | 0.00x | — | — |
| Equity ratio | 61.0% | 70.9% | 76.8% | 85.7% | 85.7% | 90.1% | — | — |
| Interest coverage | -44.05x | -113.07x | — | — | — | -1478.48x | -662.20x | -3531.42x |
| R&D as a share of sales | 48.0% | 58.8% | 99.7% | 133.2% | 397.3% | 454.9% | — | — |
| Buybacks as a share of market value | -7.7% | -958.1% | -1.1% | -0.6% | -9.0% | -28.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.9% | 56.6% | — |
| Operating income | -17.2% | -5.3% | 30.3% |
| Net income | -28.6% | -10.0% | 25.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 58.9% | 61.0% | 61.7% | — |
| Operating margin | -51.9% | -94.2% | -180.2% | — |
| Net margin | -40.8% | -96.4% | -180.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -10.9 | -83.9 | -6.2 | -0.6 | -0.9 | -3.9 |
| Price to sales | 4.2 | 54.1 | 7.8 | 1.4 | 4.3 | 23.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-for-1 split · 30 Mar 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.