A 
2.46
+7.42%
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
$21.0m
FY2016FY2025
Net income
−$142.9m
FY2016FY2025
Free cash flow
−$184.1m
FY2016FY2025
Shareholders' equity
$30.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.0m | $100.6m | $97.1m | $133.6m | $207.1m | $21.1m | $21.2m | $27.7m | $3.7m | $416,000 |
| Research and development | $123.1m | $209.2m | $192.1m | $210.4m | $189.4m | $156.9m | $100.5m | $73.0m | $29.9m | $13.7m |
| Operating income | −$145.8m | −$145.0m | −$151.7m | −$137.8m | −$37.4m | −$195.2m | −$114.4m | −$57.3m | −$32.7m | −$15.1m |
| Net income | −$142.9m | −$119.0m | −$130.4m | −$133.3m | −$28.0m | −$183.0m | −$99.8m | −$52.2m | −$32.5m | −$15.1m |
| Diluted earnings per share | -1.39 | -1.21 | -1.56 | -1.61 | -0.34 | -2.32 | -1.47 | -0.76 | -0.63 | -2.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $293.2m | $468.3m | $621.8m | $787.6m | $814.7m | $488.3m | $421.9m | $308.4m | $236.1m | $54.1m |
| Cash and short-term investments | $256.0m | $413.4m | $548.9m | $712.9m | $735.3m | $413.3m | $353.1m | $290.4m | $32.5m | $50.8m |
| Total liabilities | $262.6m | $341.5m | $487.7m | $573.2m | $513.9m | $220.7m | $227.2m | $405.8m | $288.1m | $79.0m |
| Debt | $18.7m | $9.4m | — | — | — | — | — | — | — | — |
| Shareholders' equity | $30.6m | $126.8m | $134.2m | $214.4m | $300.7m | $267.5m | $194.7m | −$97.4m | −$52.0m | −$24.9m |
| Shares outstanding | 103m | 98m | 84m | 83m | 82m | 79m | 68m | 68m | 51m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$184.0m | −$229.9m | −$184.2m | −$20.3m | $298.6m | −$166.7m | −$99.3m | $127.5m | −$17.8m | −$13.0m |
| Capital spending | −$41,000 | −$1.3m | −$2.4m | −$4.1m | −$3.2m | −$5.0m | −$15.3m | −$1.9m | −$801,000 | −$2.3m |
| Free cash flow | −$184.1m | −$231.2m | −$186.5m | −$24.4m | $295.3m | −$171.8m | −$114.6m | $125.6m | −$18.6m | −$15.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3m | $1.0m | $6.2m | $3.3m | $7.9m | $3.7m | $54.2m | $15.3m |
| Operating income | −$24.4m | −$25.2m | −$39.6m | −$37.6m | −$34.1m | −$44.7m | −$7.2m | −$48.4m |
| Net income | −$23.0m | −$22.9m | −$37.3m | −$34.7m | −$30.5m | −$40.5m | −$2.1m | −$42.2m |
| Diluted earnings per share | -0.21 | -0.21 | -0.36 | -0.34 | -0.30 | -0.39 | -0.02 | -0.43 |
| Cash from operations | −$34.0m | −$49.0m | −$41.0m | −$32.0m | −$49.0m | −$60.0m | −$55.0m | −$50.0m |
| Total assets | $202.9m | $239.9m | $293.2m | $335.3m | $356.4m | $408.3m | $468.3m | $516.0m |
| Cash and short-term investments | $172.8m | $206.5m | $256.0m | $291.1m | $307.3m | $354.6m | $413.4m | $457.2m |
| Debt | $19.1m | $18.9m | $18.7m | $18.6m | $18.4m | $18.3m | $18.1m | $8.7m |
| Shareholders' equity | −$10.0m | $10.4m | $30.6m | $57.7m | $71.2m | $94.6m | $126.8m | $118.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -46.0% | -0.1% | — |
| Operating income | 1.9% | -5.7% | — |
| Net income | 2.3% | -4.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -1.1 | -0.8 | -1.7 | -1.9 | -19.6 | -2.1 | -3.8 |
| Price to sales | 7.6 | 0.9 | 2.2 | 1.9 | 2.6 | 18.4 | 17.9 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 56% | -67% | -5% | -62% | 47% | -19% | 8% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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