A 
2.12
+1.92%
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
$41,000
FY2016FY2025
Net income
−$88.1m
FY2016FY2025
Free cash flow
−$67.5m
FY2016FY2025
Shareholders' equity
$224.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41,000 | $20,000 | $426,000 | −$68,000 | $4.4m | $8.2m | $5.8m | $10.3m | $41,503 | $5.2m |
| Research and development | $66.4m | $82.2m | $65.8m | $70.5m | $74.5m | $49.8m | $17.8m | $18.5m | $18.4m | $4.8m |
| Operating income | −$94.5m | −$103.2m | −$95.9m | −$87.7m | −$96.9m | −$54.8m | −$21.5m | −$45.0m | −$51.9m | −$11.3m |
| Net income | −$88.1m | −$95.1m | −$88.4m | −$84.7m | −$97.1m | −$49.0m | −$20.5m | −$39.2m | −$46.4m | $193.9m |
| Diluted earnings per share | -0.88 | -1.33 | -1.51 | -1.69 | -2.33 | -1.26 | -1.36 | -4.13 | -69.14 | 846.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $279.9m | $139.3m | $210.6m | $206.9m | $218.9m | $245.1m | $54.1m | $54.8m | $63.0m | $224.7m |
| Cash and short-term investments | $273.5m | $131.9m | $197.8m | $184.9m | $190.3m | $215.9m | $37.2m | $33.7m | $8.8m | $220.8m |
| Total liabilities | $55.0m | $15.8m | $16.5m | $21.6m | $19.7m | $19.2m | $8.5m | $6.4m | $14.4m | $205.3m |
| Debt | $34.5m | — | — | — | — | — | — | $600,000 | $600,000 | $1.0m |
| Shareholders' equity | $224.9m | $123.5m | $194.1m | $185.3m | $199.1m | $225.9m | $45.5m | $48.3m | $48.7m | $19.5m |
| Shares outstanding | 101m | 71m | 58m | 50m | 42m | 39m | 15m | 9m | 1m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$67.5m | −$79.8m | −$75.8m | −$62.6m | −$78.2m | −$34.4m | −$9.6m | −$9.4m | −$20.2m | $201.5m |
| Capital spending | −$11,000 | — | −$47,000 | −$126,000 | −$12.3m | −$342,421 | −$28,999 | −$1.0m | −$166,327 | −$30,687 |
| Free cash flow | −$67.5m | −$79.8m | −$75.9m | −$62.7m | −$90.5m | −$34.8m | −$9.6m | −$10.4m | −$20.4m | $201.5m |
| Dividends paid | — | — | — | — | — | −$135.5m | −$3.79bn | −$22,898 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $26,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Operating income | −$26.2m | −$24.2m | −$28.9m | −$20.9m | −$22.9m | −$21.8m | −$24.9m | −$24.8m |
| Net income | −$22.8m | −$22.6m | −$27.4m | −$19.0m | −$22.1m | −$19.6m | −$23.2m | −$22.8m |
| Diluted earnings per share | -0.12 | -0.12 | -0.27 | -0.19 | -0.22 | -0.19 | -0.33 | -0.32 |
| Cash from operations | −$24.0m | −$20.0m | −$19.0m | −$11.0m | −$19.0m | −$16.0m | −$18.0m | −$27.0m |
| Total assets | $527.2m | $335.6m | $279.9m | $218.4m | $190.3m | $157.3m | $139.3m | $147.9m |
| Cash and short-term investments | $326.3m | $331.5m | $273.5m | $210.8m | $183.1m | $149.8m | $131.9m | $139.4m |
| Debt | — | $34.8m | $34.5m | $14.7m | $14.6m | $245,000 | $279,000 | $313,000 |
| Shareholders' equity | $474.2m | $284.0m | $224.9m | $185.6m | $161.4m | $142.2m | $123.5m | $133.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | -65.3% | -42.6% |
| Operating income | 2.5% | 11.5% | 39.4% |
| Net income | 1.3% | 12.4% | 38.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -324034.4% | -91009.5% | -4095.9% | -1478.3% |
| Net margin | -300249.2% | -85038.7% | -3860.8% | -928.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.1 | -2.5 | -3.5 | -2.1 | -0.8 | -1.2 | -0.1 | -0.0 | -0.0 |
| Price to sales | — | — | — | -2568.6 | 18.4 | 7.0 | 0.4 | 0.1 | 13.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 37% | -3% | 75% | 7% | 15% | 1113% | 43% | -85% | -65% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Feb 2017.
| FY2016 | |
|---|---|
| Paid in the year | 873.00 |
- 30-to-1 reverse split · 14 Sept 2018
- 10-to-1 reverse split · 5 May 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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