A 
3.72
+1.64%
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
$14.1m
FY2016FY2025
Net income
−$33.5m
FY2016FY2025
Free cash flow
−$39.6m
FY2016FY2025
Shareholders' equity
$76.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.1m | $6.2m | $18.1m | $39.0m | $11.0m | $6.9m | $6.0m | $5.9m | $10.7m | $1.5m |
| Research and development | $25.2m | $54.0m | $73.7m | $84.4m | $65.5m | $49.3m | $57.6m | $57.9m | $62.7m | $61.3m |
| Operating income | −$27.1m | −$76.3m | −$78.1m | −$65.5m | −$73.4m | −$60.5m | −$143.9m | −$89.8m | −$110.9m | −$491.6m |
| Net income | −$33.5m | −$69.9m | −$72.8m | −$69.5m | −$76.2m | −$63.7m | −$153.7m | −$57.1m | −$84.4m | −$384.1m |
| Diluted earnings per share | -0.17 | -0.37 | -0.43 | -0.45 | -0.75 | -0.68 | -2.27 | -1.02 | -1.53 | -7.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $94.6m | $131.7m | $144.4m | $195.4m | $204.5m | $137.1m | $105.5m | $227.9m | $237.2m | $275.9m |
| Cash and short-term investments | $91.5m | $122.6m | $126.0m | $146.9m | $155.3m | $123.3m | $90.8m | $124.6m | $126.4m | $130.5m |
| Total liabilities | $18.0m | $34.3m | $38.4m | $58.6m | $35.0m | $35.1m | $32.8m | $27.7m | $54.7m | $72.9m |
| Debt | $547,000 | $4.8m | $7.0m | — | — | — | — | — | $12.0m | $12.0m |
| Shareholders' equity | $76.6m | $97.4m | $106.0m | $136.9m | $169.4m | $102.0m | $72.7m | $200.2m | $182.5m | $203.0m |
| Shares outstanding | 192m | 190m | 168m | 154m | 101m | 93m | 68m | 56m | 55m | 54m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$39.6m | −$64.8m | −$85.9m | −$35.4m | −$67.5m | −$51.4m | −$71.0m | −$67.9m | −$48.6m | −$57.9m |
| Capital spending | — | −$182,000 | −$1.0m | −$512,000 | −$809,000 | −$229,000 | −$589,000 | −$1.1m | −$7.3m | −$4.0m |
| Free cash flow | −$39.6m | −$65.0m | −$86.9m | −$35.9m | −$68.3m | −$51.7m | −$71.6m | −$69.0m | −$55.9m | −$61.9m |
| Dividends paid | — | — | — | — | −$12.1m | −$12.1m | −$11.1m | −$10.1m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0m | $179.1m | $1.1m | $529,000 | $10.7m | $1.8m | $1.6m | $1.3m |
| Operating income | −$6.0m | $169.1m | −$7.6m | −$8.3m | $1.5m | −$34.7m | −$13.9m | −$21.4m |
| Net income | −$5.1m | $169.7m | −$3.8m | −$7.7m | $2.5m | −$24.5m | −$12.5m | −$19.7m |
| Diluted earnings per share | -0.03 | 0.86 | -0.02 | -0.04 | 0.01 | -0.13 | -0.07 | -0.10 |
| Cash from operations | −$6.0m | −$8.0m | −$4.0m | −$5.0m | −$15.0m | −$13.0m | −$10.0m | −$20.0m |
| Capital spending | — | −$8.0m | — | — | — | — | — | — |
| Free cash flow | — | −$16.0m | — | — | — | — | — | — |
| Total assets | $274.0m | $277.2m | $94.6m | $97.7m | $103.3m | $117.0m | $131.7m | $140.4m |
| Cash and short-term investments | $92.6m | $95.2m | $91.5m | $93.7m | $98.1m | $112.7m | $122.6m | $127.8m |
| Debt | $514,000 | $631,000 | $547,000 | $531,000 | $514,000 | $563,000 | $483,000 | $468,000 |
| Shareholders' equity | $258.7m | $260.2m | $76.6m | $77.4m | $83.0m | $79.2m | $97.4m | $106.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -28.8% | 15.3% | -5.5% |
| Operating income | -25.5% | -14.9% | -12.5% |
| Net income | -21.6% | -12.1% | -5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -510.4% | -319.0% | -399.5% | -914.3% |
| Net margin | -510.6% | -317.4% | -404.7% | -780.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -27.5 | -8.9 | -5.8 | -5.2 | -5.2 | -5.2 | -0.7 | -2.0 | -1.8 | -0.2 |
| Price to sales | 65.5 | 100.7 | 23.2 | 9.2 | 35.9 | 48.0 | 16.8 | 19.4 | 13.9 | 47.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 42% | 44% | -8% | -45% | 3% | 175% | -25% | -20% | 80% | -40% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 4 Nov 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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