A 
12.30
+11.82%
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
$18.1m
FY2018FY2025
Net income
−$145.4m
FY2018FY2025
Free cash flow
−$119.7m
FY2018FY2025
Shareholders' equity
$13.2m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.1m | $9.1m | $4.3m | $4.2m | $9.3m | $4.8m | $1.4m | $135,000 |
| Research and development | $85.4m | $102.7m | $102.5m | $109.6m | $74.8m | $20.5m | $15.4m | $8.4m |
| Operating income | −$127.6m | −$158.4m | −$147.8m | −$152.0m | −$104.2m | −$25.7m | −$20.1m | −$11.4m |
| Net income | −$145.4m | −$152.3m | −$149.3m | −$147.3m | −$101.5m | −$25.6m | −$19.6m | −$11.2m |
| Diluted earnings per share | -2.55 | -2.82 | -3.05 | -3.37 | -2.37 | -0.60 | -0.46 | -0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $179.7m | $147.5m | $257.4m | $356.6m | $479.2m | $32.6m | $106,895 | $31.2m |
| Cash and short-term investments | $121.9m | $112.0m | $221.0m | $323.8m | $445.0m | $24.6m | $46.6m | $27.5m |
| Total liabilities | $166.5m | $48.1m | $28.9m | $26.7m | $22.8m | $5.7m | $81,808 | $1.1m |
| Debt | $98.2m | — | — | — | — | — | — | — |
| Shareholders' equity | $13.2m | $99.4m | $228.4m | $329.9m | $456.4m | $26.9m | $25,087 | $30.1m |
| Shares outstanding | 57m | 54m | 49m | 44m | 43m | 42m | 42m | 42m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$115.1m | −$106.9m | −$118.8m | −$109.9m | −$82.1m | −$21.2m | −$16.4m | −$11.2m |
| Capital spending | −$4.6m | −$5.1m | −$6.1m | −$7.4m | −$8.3m | −$855,000 | −$421,000 | −$1.6m |
| Free cash flow | −$119.7m | −$112.0m | −$124.9m | −$117.3m | −$90.5m | −$22.1m | −$16.8m | −$12.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.1m | $6.3m | $5.6m | $3.6m | $5.5m | $3.4m | $2.7m | $2.3m |
| Operating income | $18.0m | −$35.1m | −$29.1m | −$33.2m | −$34.9m | −$30.4m | −$34.2m | −$37.9m |
| Net income | −$79.6m | −$35.0m | −$25.3m | $107.5m | −$192.7m | −$34.9m | −$36.1m | −$37.4m |
| Diluted earnings per share | -1.23 | -0.54 | -0.44 | 1.89 | -3.38 | -0.61 | -0.67 | -0.69 |
| Cash from operations | −$31.0m | −$25.0m | −$22.0m | −$32.0m | −$29.0m | −$30.0m | −$20.0m | −$25.0m |
| Capital spending | — | −$2.0m | −$1.0m | −$1.0m | −$1.0m | — | −$2.0m | — |
| Free cash flow | — | −$27.0m | −$23.0m | −$33.0m | −$30.0m | — | −$22.0m | — |
| Total assets | $227.8m | $147.3m | $179.7m | $92.8m | $91.1m | $114.5m | $147.5m | $169.1m |
| Cash and short-term investments | $177.9m | $99.5m | $121.9m | $48.9m | $49.8m | $81.0m | $112.0m | $134.8m |
| Debt | $98.9m | $98.2m | $98.2m | $1.5m | $1.8m | $2.6m | $3.0m | $3.4m |
| Shareholders' equity | $27.5m | −$12.4m | $13.2m | $33.2m | −$118.2m | $68.8m | $99.4m | $129.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 62.8% | 30.1% | — |
| Operating income | -5.7% | 37.7% | — |
| Net income | -0.4% | 41.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1053.5% | -1643.0% | -1438.3% | — |
| Net margin | -1096.7% | -1667.2% | -1449.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -5.2 | -1.7 | -1.2 | -2.0 | -16.0 | -120.2 |
| Price to sales | 41.9 | 28.3 | 43.1 | 70.9 | 174.9 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 246% | 2% | -47% | -82% | -47% | 51% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 19 Mar 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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