A 
14.22
+6.04%
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
$443.6m
FY2018FY2025
Net income
−$47.7m
FY2018FY2025
Free cash flow
$41.4m
FY2018FY2025
Shareholders' equity
$362.0m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $443.6m | $333.8m | $264.8m | $204.3m | $152.2m | $112.1m | $73.5m | $48.2m |
| Gross profit | $256.6m | $196.6m | $144.1m | $108.3m | $83.8m | $59.2m | $30.4m | $15.7m |
| Research and development | $118.4m | $96.2m | $84.7m | $69.3m | $48.8m | $40.2m | $32.7m | $27.6m |
| Operating income | −$53.6m | −$44.6m | −$63.7m | −$70.2m | −$45.5m | −$50.9m | −$42.5m | −$41.8m |
| Net income | −$47.7m | −$40.8m | −$62.9m | −$58.6m | −$46.8m | −$51.4m | −$41.9m | −$42.8m |
| Diluted earnings per share | -0.46 | -0.40 | -0.66 | -0.64 | -0.53 | -0.62 | -8.71 | -0.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $847.2m | $437.3m | $399.8m | $488.9m | $436.5m | $249.2m | $52.7m | — |
| Cash and short-term investments | $99.1m | $115.7m | $92.1m | $196.4m | $308.6m | $166.8m | $12.0m | — |
| Total liabilities | $485.2m | $80.2m | $74.9m | $154.8m | $91.9m | $69.4m | $38.1m | — |
| Debt | $352.8m | — | — | $84.6m | $24.6m | $24.9m | — | — |
| Shareholders' equity | $362.0m | $357.0m | $324.9m | $334.0m | $344.6m | $179.7m | $14.6m | — |
| Shares outstanding | 104m | 101m | 96m | 92m | 89m | 83m | 5m | 83m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $42.9m | $18.6m | −$17.5m | −$37.8m | −$29.0m | −$38.1m | −$39.1m | — |
| Capital spending | −$1.5m | −$1.2m | −$6.3m | −$1.1m | −$3.7m | −$2.1m | −$3.7m | — |
| Free cash flow | $41.4m | $17.4m | −$23.8m | −$38.8m | −$32.7m | −$40.3m | −$42.8m | — |
| Dividends paid | — | — | — | −$2.6m | −$5.0m | −$214.7m | −$5.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $129.8m | $126.1m | $120.8m | $113.0m | $112.1m | $97.8m | $89.7m | $85.9m |
| Gross profit | $73.8m | $72.2m | $69.1m | $64.1m | $65.6m | $57.8m | $53.2m | $50.6m |
| Operating income | −$7.7m | −$5.7m | −$9.5m | −$12.9m | −$15.9m | −$15.4m | −$8.6m | −$10.4m |
| Net income | −$8.9m | −$10.0m | −$11.4m | −$14.8m | −$13.6m | −$7.8m | −$7.6m | −$9.4m |
| Diluted earnings per share | -0.08 | -0.09 | -0.11 | -0.14 | -0.13 | -0.08 | -0.08 | -0.09 |
| Cash from operations | $22.0m | −$4.0m | $18.0m | $30.0m | $1.0m | −$5.0m | $6.0m | $10.0m |
| Capital spending | — | — | — | — | — | — | −$1.0m | −$2.0m |
| Free cash flow | — | — | — | — | — | — | $5.0m | $8.0m |
| Total assets | $831.1m | $829.3m | $847.2m | $835.2m | $840.4m | $837.2m | $437.3m | $422.2m |
| Cash and short-term investments | $81.0m | $77.6m | $99.1m | $90.9m | $87.1m | $95.3m | $115.7m | $101.0m |
| Debt | $339.4m | $338.9m | $352.8m | $363.9m | $388.4m | $397.8m | $1.3m | $1.3m |
| Shareholders' equity | $362.7m | $370.7m | $362.0m | $350.1m | $344.0m | $334.0m | $357.0m | $338.5m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 57.8% | 58.9% | 54.4% | 53.0% | 55.1% | 52.8% |
| Operating margin | -11.2% | -12.0% | -21.0% | -27.0% | -29.9% | -45.4% |
| Net margin | -10.7% | -12.2% | -23.8% | -28.7% | -30.8% | -45.8% |
| Return on equity | -13.2% | -11.4% | -19.4% | -17.5% | -13.6% | -28.6% |
| Return on assets | -5.6% | -9.3% | -15.7% | -12.0% | -10.7% | -20.6% |
| Free cash flow yield | 3.5% | 1.6% | -0.9% | -3.2% | -2.3% | -3.5% |
| Revenue growth | 32.9% | 26.1% | 29.6% | 34.2% | 35.7% | 52.5% |
| Earnings growth | 16.7% | -35.1% | 7.4% | 25.2% | -8.8% | 22.7% |
| Current ratio | 2.09x | 3.98x | 3.77x | 5.82x | 10.40x | 9.20x |
| Debt to equity | 0.97x | 0.00x | 0.00x | 0.26x | 0.07x | 0.14x |
| Equity ratio | 42.7% | 81.6% | 81.3% | 68.3% | 78.9% | 72.1% |
| Interest coverage | -5.22x | -86.91x | -7.51x | -14.34x | -38.33x | -104.02x |
| R&D as a share of sales | 26.7% | 28.8% | 32.0% | 33.9% | 32.1% | 35.9% |
| Buybacks as a share of market value | -2.8% | -5.4% | -4.5% | -3.3% | -6.8% | -1628.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.5% | 31.7% | — |
| Operating income | -8.6% | 1.1% | — |
| Net income | -6.7% | -1.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 58.3% | 56.6% | 56.2% | — |
| Operating margin | -12.6% | -18.6% | -21.7% | — |
| Net margin | -11.4% | -16.8% | -20.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -50.3 | -90.8 | -37.0 | -22.8 | -38.0 |
| Price to sales | 5.4 | 11.1 | 8.8 | 6.5 | 11.7 |
Market value over time
30 Apr 2021 to 30 Oct 2026, in USD
$3.96bn$1.32bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -41% | 59% | 78% | -29% | -56% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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