A 
3.95
-2.95%
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
$2.2m
FY2018FY2025
Net income
−$24.2m
FY2018FY2025
Free cash flow
−$82.9m
FY2018FY2025
Shareholders' equity
$53.5m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2m | $3.9m | $15.5m | $13.9m | $4.4m | −$10.5m | — | — |
| Gross profit | $1.3m | $3.9m | $15.5m | $13.9m | $4.4m | −$10.5m | −$2.3m | −$1.3m |
| Research and development | $69.5m | $70.3m | $73.0m | $85.1m | $104.2m | $79.9m | $44.0m | $10.5m |
| Operating income | −$88.0m | −$89.2m | −$88.1m | −$97.6m | −$128.3m | −$97.8m | −$54.0m | −$13.7m |
| Net income | −$24.2m | −$131.2m | −$87.7m | −$96.0m | −$128.3m | −$108.5m | −$52.3m | −$13.9m |
| Diluted earnings per share | -2.33 | -20.89 | -6.92 | -2.24 | -3.03 | -3.45 | -2.38 | -0.66 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $88.5m | $70.1m | $151.5m | $146.7m | $235.4m | $265.3m | $146.5m | $107.7m |
| Cash and short-term investments | $77.8m | $56.9m | $135.7m | $125.8m | $190.7m | $243.5m | $117.7m | $90.9m |
| Total liabilities | $35.0m | $99.1m | $59.4m | $42.8m | $50.6m | $45.3m | $211.4m | $121.5m |
| Debt | $5.3m | $8.4m | $11.1m | $12.6m | $14.5m | $13.0m | $14.3m | $13.9m |
| Shareholders' equity | $53.5m | −$29.0m | $92.1m | $103.9m | $184.7m | $220.0m | −$64.9m | −$13.7m |
| Shares outstanding | 10m | 6m | 13m | 43m | 42m | 31m | 22m | 21m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$82.5m | −$80.7m | −$79.0m | −$79.4m | −$115.7m | −$74.3m | −$46.8m | −$6.0m |
| Capital spending | −$437,000 | −$130,000 | −$19,000 | −$943,000 | −$892,000 | −$2.1m | −$2.8m | −$2.5m |
| Free cash flow | −$82.9m | −$80.9m | −$79.0m | −$80.3m | −$116.6m | −$76.3m | −$49.6m | −$8.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.8m | $2.8m | $169,000 | $741,000 | $965,000 | $311,000 | $629,000 | $1.3m |
| Gross profit | $27.8m | $2.8m | −$88,000 | $741,000 | $706,000 | $311,000 | $629,000 | $1.3m |
| Operating income | −$1.9m | −$26.9m | −$21.8m | −$28.4m | −$18.6m | −$19.2m | −$20.6m | −$20.1m |
| Net income | −$1.5m | −$23.0m | −$19.9m | −$31.5m | −$15.9m | $43.1m | −$82.2m | −$19.3m |
| Diluted earnings per share | -0.14 | -2.21 | -1.91 | -3.04 | -1.53 | 4.15 | -13.08 | -3.07 |
| Cash from operations | −$24.0m | −$23.0m | −$21.0m | −$24.0m | −$15.0m | −$20.0m | −$18.0m | −$20.0m |
| Total assets | $66.3m | $64.6m | $89.6m | $109.8m | $134.7m | $150.7m | $70.1m | $88.4m |
| Cash and short-term investments | $30.4m | $55.1m | $78.0m | $99.1m | $122.9m | $137.9m | $56.9m | $74.9m |
| Debt | $3.2m | $3.7m | $3.7m | $3.6m | $3.5m | $3.5m | $3.5m | $3.4m |
| Shareholders' equity | $31.9m | $31.8m | $53.5m | $71.8m | $101.9m | $116.4m | −$29.0m | $50.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -46.0% | — | — |
| Operating income | -3.4% | -2.1% | — |
| Net income | -36.8% | -25.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 84.8% | 97.4% | 96.8% | — |
| Operating margin | -2889.2% | -1020.2% | -2004.9% | — |
| Net margin | -2534.7% | -953.5% | -1960.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -4.0 | -1.9 | -2.4 | -10.6 | -42.4 | -86.7 |
| Price to sales | 44.3 | 63.4 | 13.6 | 73.4 | — | -892.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -69% | 124% | -42% | -80% | -56% | 80% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 25-to-1 reverse split · 19 Aug 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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