A 
2.99
-1.97%
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
—
FY2016FY2025
Net income
−$116.8m
FY2016FY2025
Free cash flow
−$97.0m
FY2016FY2025
Shareholders' equity
$159.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $25.0m | $9.7m | $17.9m | $995,000 | $8.2m | $558.5m | $547.0m |
| Research and development | $99.1m | $99.3m | $106.0m | $71.2m | $48.9m | $34.3m | $23.7m | $14.7m | $16.8m | $5.9m |
| Operating income | −$122.1m | −$127.6m | −$152.0m | −$72.6m | −$62.0m | −$39.2m | −$31.4m | −$15.0m | −$18.9m | −$1,000 |
| Net income | −$116.8m | −$117.1m | −$142.7m | −$69.8m | −$62.0m | −$36.7m | −$28.1m | −$9.3m | −$33.8m | −$1,000 |
| Diluted earnings per share | -16.95 | -21.33 | -53.04 | -26.81 | -29.25 | -29.91 | -24.26 | -0.35 | -0.84 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $192.4m | $220.2m | $207.3m | $330.7m | $338.9m | $153.8m | $81.6m | $109.9m | $55.2m | $540.8m |
| Cash and short-term investments | $158.5m | $176.3m | $159.7m | $257.7m | $277.5m | $94.6m | $62.4m | $108.0m | $53.3m | $67.7m |
| Total liabilities | $33.1m | $33.6m | $37.1m | $38.4m | $35.8m | $44.0m | $142.0m | $5.7m | $5.5m | $236.3m |
| Debt | $14.7m | $17.2m | $20.9m | $21.0m | $20.9m | $21.6m | $114.1m | $3.1m | $353.7m | $118.8m |
| Shareholders' equity | $159.2m | $186.6m | $170.2m | $292.3m | $303.1m | $109.8m | −$60.4m | $104.2m | $49.7m | $304.4m |
| Shares outstanding | 7m | 5m | 3m | 3m | 2m | 1m | 1m | 26m | 40m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$95.2m | −$92.4m | −$93.7m | −$44.8m | −$51.1m | −$41.6m | −$27.9m | −$18.2m | −$11.6m | $8.3m |
| Capital spending | −$1.7m | −$1.1m | −$4.5m | −$16.8m | −$13.0m | −$990,000 | −$1.1m | −$876,000 | −$44,000 | −$617,000 |
| Free cash flow | −$97.0m | −$93.5m | −$98.2m | −$61.5m | −$64.1m | −$42.5m | −$29.0m | −$19.1m | −$11.6m | $7.7m |
| Dividends paid | — | — | — | — | — | — | — | — | −$7.1m | −$7.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $6.5m | — |
| Operating income | −$22.3m | −$21.6m | −$31.9m | −$28.0m | −$32.4m | −$29.9m | −$30.7m | −$33.2m |
| Net income | −$21.4m | −$20.2m | −$30.5m | −$26.9m | −$31.2m | −$28.2m | −$28.7m | −$30.5m |
| Diluted earnings per share | -1.99 | -1.88 | -4.43 | -3.90 | -4.53 | -4.09 | -5.23 | -5.55 |
| Cash from operations | −$19.0m | −$21.0m | −$20.0m | −$22.0m | −$26.0m | −$25.0m | −$24.0m | −$22.0m |
| Capital spending | — | — | — | — | — | −$1.0m | — | — |
| Free cash flow | — | — | — | — | — | −$26.0m | — | — |
| Total assets | $148.2m | $169.4m | $192.4m | $140.5m | $163.0m | $191.3m | $220.2m | $246.0m |
| Cash and short-term investments | $118.2m | $137.6m | $158.5m | $103.1m | $125.0m | $150.4m | $176.3m | $202.1m |
| Debt | $2.8m | $2.9m | $3.2m | $3.3m | $3.0m | $3.0m | $3.1m | $3.3m |
| Shareholders' equity | $120.1m | $140.1m | $159.2m | $109.1m | $133.4m | $161.4m | $186.6m | $211.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 19.0% | 25.5% | — |
| Net income | 18.7% | 26.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.7 | -0.6 | -2.4 | -2.6 | -2.1 | -1.2 | -477.1 |
| Price to sales | — | — | — | 6.8 | 16.8 | 4.3 | 33.8 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | -47% | -44% | -59% | -8% | 8% | 143% | -86% | -47% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.075 | 0.26 | 0.25 | 0.24 | 0.18 | 0.21 | 0.20 | 0.20 |
- 16-to-1 reverse split · 30 Dec 2025
- 7-to-1 reverse split · 16 Sept 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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