A 
9.52
+9.17%
Close of 9 Nov 2026, in USD
Search any instrument
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
$73.0m
FY2020FY2025
Net income
−$44.0m
FY2020FY2025
Free cash flow
−$35.5m
FY2020FY2025
Shareholders' equity
$103.8m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $73.0m | $24.2m | $8.8m | $4.4m | $2.8m | $4.7m |
| Research and development | $9.4m | $7.3m | $3.7m | $2.0m | $1.4m | $1.3m |
| Operating income | −$46.6m | −$44.4m | −$38.7m | −$18.0m | −$9.9m | −$7.4m |
| Net income | −$44.0m | −$44.7m | −$36.8m | −$17.3m | −$9.9m | −$7.4m |
| Diluted earnings per share | -0.33 | -0.38 | -0.42 | -0.21 | -0.15 | -0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | $156.9m | $121.1m | $107.7m | $83.2m | $18.5m | $6.7m |
| Cash and short-term investments | $90.5m | $55.2m | $45.8m | $69.7m | $11.5m | $2,000 |
| Total liabilities | $53.1m | $51.7m | $47.9m | $10.1m | $4.7m | $5.5m |
| Debt | — | — | — | — | — | $740,000 |
| Shareholders' equity | $103.8m | $69.5m | $59.8m | $73.0m | $13.9m | $1.2m |
| Shares outstanding | 132m | 117m | 89m | 84m | 66m | 45m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −$31.1m | −$33.4m | −$25.6m | −$13.9m | −$8.0m | −$5.0m |
| Capital spending | −$4.4m | −$3.2m | −$17.6m | −$1.5m | −$609,000 | −$527,000 |
| Free cash flow | −$35.5m | −$36.6m | −$43.1m | −$15.4m | −$8.6m | −$5.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $34.0m | $28.5m | $25.2m | $21.4m | $15.1m | $11.3m | $10.6m | $7.9m |
| Operating income | −$4.3m | −$6.7m | −$2.9m | −$4.7m | −$6.8m | −$9.7m | −$9.9m | −$11.3m |
| Net income | −$5.1m | −$5.0m | −$24.4m | −$3.9m | −$6.4m | −$9.4m | −$11.4m | −$10.8m |
| Diluted earnings per share | -0.04 | -0.04 | -0.18 | -0.03 | -0.05 | -0.07 | -0.10 | -0.09 |
| Cash from operations | −$2.0m | −$37.0m | −$3.0m | −$9.0m | −$4.0m | −$14.0m | −$6.0m | −$9.0m |
| Capital spending | −$1.0m | — | −$2.0m | — | — | — | −$3.0m | −$1.0m |
| Free cash flow | −$3.0m | — | −$5.0m | — | — | — | −$9.0m | −$10.0m |
| Total assets | $149.2m | $130.8m | $156.9m | $156.5m | $123.0m | $118.5m | $121.1m | $104.2m |
| Cash and short-term investments | $74.5m | $62.4m | $90.5m | $73.2m | $54.2m | $48.4m | $55.2m | $35.0m |
| Debt | $1.2m | $1.2m | $4.7m | $3.2m | $3.4m | $3.6m | $3.3m | $2.1m |
| Shareholders' equity | $125.6m | $109.4m | $103.8m | $103.2m | $76.7m | $70.4m | $69.5m | $56.0m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -60.3% | -184.8% | -418.3% | -393.1% | -357.0% | -158.4% |
| Net margin | -60.3% | -184.8% | -418.3% | -393.1% | -357.0% | -158.5% |
| Return on equity | -42.4% | -64.3% | -61.5% | -23.7% | -71.4% | -634.6% |
| Return on assets | -28.1% | -36.9% | -34.1% | -20.8% | -53.4% | -111.4% |
| Free cash flow yield | -2.5% | -3.2% | -1.1% | -1.8% | -1.4% | -1.2% |
| Revenue growth | 202.1% | 174.9% | 99.4% | 59.1% | -40.8% | — |
| Earnings growth | -1.4% | 21.5% | 112.2% | 75.1% | 33.4% | — |
| Current ratio | 7.08x | 4.00x | 3.75x | 10.87x | 3.40x | 0.30x |
| Debt to equity | 0.04x | 0.05x | 0.02x | 0.01x | 0.09x | 0.64x |
| Equity ratio | 66.2% | 57.4% | 55.5% | 87.8% | 74.8% | 17.6% |
| Interest coverage | — | — | — | -24.45x | -618.50x | -1482.60x |
| R&D as a share of sales | 12.9% | 30.4% | 41.8% | 46.0% | 52.3% | 28.4% |
| Buybacks as a share of market value | -12.9% | -32.1% | -5.4% | -27.7% | -46.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 154.9% | 73.3% | — |
| Operating income | 37.3% | 44.3% | — |
| Net income | 36.4% | 42.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -93.7% | -133.9% | -140.2% | — |
| Net margin | -91.3% | -129.4% | -135.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -23.7 | -7.3 | -12.7 | -38.4 |
| Price to sales | 14.3 | 13.6 | 53.3 | 151.1 |
Market value over time
30 Sept 2022 to 23 Oct 2026, in USD
$636.5m$1.17bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Return | 451% | -55% | -58% | -13% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.