A 
52.10
+3.93%
Close of 9 Nov 2026, in USD
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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
$455.7m
FY2016FY2025
Net income
−$38.2m
FY2016FY2025
Free cash flow
−$353.6m
FY2016FY2025
Shareholders' equity
$733.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $455.7m | $249.4m | $217.6m | $222.8m | $211.6m | $234.6m | $190.9m | $267.5m | $382.3m | $260.7m |
| Research and development | $85.5m | $55.0m | $36.0m | $36.2m | $41.2m | $43.4m | $43.4m | $49.9m | $35.4m | $31.8m |
| Operating income | −$54.6m | −$70.9m | −$48.0m | −$60.2m | −$56.8m | −$45.8m | −$46.9m | −$9.0m | $87.0m | $23.0m |
| Net income | −$38.2m | −$186.7m | −$56.0m | −$66.4m | −$54.2m | −$58.5m | −$66.0m | −$2.1m | $74.0m | $31.2m |
| Diluted earnings per share | -0.54 | -4.05 | -1.53 | -2.33 | -1.99 | -2.21 | -3.28 | -0.11 | 3.67 | 1.69 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.17bn | $547.0m | $389.2m | $408.3m | $454.5m | $480.8m | $466.8m | $466.8m | $453.0m | $322.3m |
| Cash and short-term investments | $216.0m | $67.4m | $45.4m | $24.7m | $34.7m | $43.4m | $60.0m | $55.6m | $83.0m | $52.0m |
| Total liabilities | $434.5m | $317.9m | $174.3m | $223.6m | $199.9m | $202.9m | $193.0m | $137.7m | $119.7m | $94.9m |
| Debt | $167.3m | $180.4m | $115.2m | $149.0m | $141.6m | $146.0m | $133.4m | $88.5m | $49.6m | $43.1m |
| Shareholders' equity | $733.9m | $229.1m | $214.9m | $184.7m | $254.6m | $277.9m | $273.8m | $329.1m | $333.3m | $227.4m |
| Shares outstanding | 70m | 46m | 37m | 28m | 27m | 26m | 20m | 20m | 20m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$174.4m | −$69.5m | −$7.9m | −$14.0m | −$11.6m | −$44.0m | −$1.8m | $14.0m | $84.3m | $57.1m |
| Capital spending | −$179.1m | −$43.4m | −$9.7m | −$4.2m | −$10.7m | −$19.6m | −$32.1m | −$77.2m | −$70.3m | −$50.0m |
| Free cash flow | −$353.6m | −$112.9m | −$17.6m | −$18.3m | −$22.3m | −$63.6m | −$33.9m | −$63.2m | $13.9m | $7.1m |
| Dividends paid | — | — | — | −$453,000 | −$961,000 | −$1.1m | −$883,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $191.9m | $151.1m | $134.3m | $118.6m | $103.0m | $99.9m | $100.3m | $65.2m |
| Operating income | −$24.7m | −$13.0m | −$11.5m | −$18.2m | −$8.6m | −$8.5m | −$6.5m | −$16.2m |
| Net income | −$22.8m | −$14.3m | −$2.0m | −$17.9m | −$9.1m | −$9.2m | −$119.7m | −$17.8m |
| Diluted earnings per share | -0.28 | -0.18 | -0.03 | -0.26 | -0.13 | -0.13 | -2.60 | -0.39 |
| Cash from operations | $11.0m | −$85.0m | −$29.0m | −$28.0m | −$65.0m | −$50.0m | −$24.0m | −$14.0m |
| Capital spending | −$276.0m | −$58.0m | −$104.0m | −$50.0m | −$25.0m | −$28.0m | −$28.0m | −$6.0m |
| Free cash flow | −$265.0m | −$143.0m | −$133.0m | −$78.0m | −$90.0m | −$78.0m | −$52.0m | −$20.0m |
| Total assets | $2.30bn | $1.57bn | $1.17bn | $978.5m | $796.9m | $644.7m | $547.0m | $410.0m |
| Cash and short-term investments | $499.7m | $449.4m | $216.0m | $137.0m | $64.7m | $51.1m | $67.4m | $34.1m |
| Debt | $192.3m | $173.7m | $167.3m | $195.0m | $190.1m | $181.7m | $181.8m | $117.6m |
| Shareholders' equity | $1.67bn | $1.11bn | $733.9m | $559.1m | $425.0m | $309.0m | $229.1m | $212.1m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -9.5% | -72.1% | -21.4% | -27.0% | -22.9% | -19.4% |
| Net margin | -8.4% | -74.9% | -25.8% | -29.8% | -25.6% | -24.9% |
| Return on equity | -5.2% | -81.5% | -26.1% | -36.0% | -21.3% | -21.0% |
| Return on assets | -3.3% | -34.1% | -14.4% | -16.3% | -11.9% | -12.2% |
| Free cash flow yield | 0.1% | -0.8% | 0.1% | -0.5% | -0.1% | -1.4% |
| Revenue growth | 82.8% | 14.6% | -2.3% | 5.3% | -9.8% | 22.9% |
| Earnings growth | -79.5% | 233.2% | -15.6% | 22.6% | -7.3% | -11.5% |
| Current ratio | 2.63x | 1.77x | 1.85x | 1.32x | 1.78x | 2.03x |
| Debt to equity | 0.23x | 0.79x | 0.54x | 0.81x | 0.56x | 0.48x |
| Equity ratio | 62.8% | 41.9% | 55.2% | 45.2% | 56.0% | 57.8% |
| Interest coverage | -12.36x | -26.36x | -4.94x | -9.51x | -8.64x | -8.09x |
| R&D as a share of sales | 18.8% | 22.0% | 16.5% | 16.3% | 19.5% | 18.5% |
| Buybacks as a share of market value | -52.7% | -26.0% | -28.4% | -4.7% | -2.8% | -31.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.9% | 14.2% | 9.1% |
| Operating income | -3.2% | 3.6% | — |
| Net income | -16.8% | -8.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.8% | -20.4% | -21.1% | -9.3% |
| Net margin | -31.9% | -30.3% | -28.9% | -14.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -64.1 | -9.1 | -12.6 | -0.8 | -2.6 | -3.9 | -3.6 | -142.3 | 10.3 | 13.9 |
| Price to sales | 5.4 | 6.8 | 3.2 | 0.2 | 0.7 | 1.0 | 1.3 | 1.1 | 2.0 | 1.7 |
Market value over time
30 Nov 2016 to 23 Oct 2026, in USD
$454.8m$5.51bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -14% | 48% | 980% | -60% | -36% | -25% | -27% | -63% | 69% | 50% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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