A 
47.97
+3.27%
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
$234.6m
FY2016FY2025
Net income
−$13.2m
FY2016FY2025
Free cash flow
$19.6m
FY2016FY2025
Shareholders' equity
$37.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $234.6m | $91.3m | $17.2m | $10.3m | $63.2m | $75.0m | $8.0m | $5.0m | $10.0m | $16.7m |
| Research and development | $136.0m | $163.8m | $139.6m | $88.8m | $98.5m | $80.0m | $99.3m | $56.3m | $30.9m | $22.6m |
| Operating income | $47.9m | −$114.9m | −$164.4m | −$115.1m | −$57.8m | −$23.9m | −$107.4m | −$66.7m | −$29.9m | −$3.8m |
| Net income | −$13.2m | −$145.2m | −$163.6m | −$128.7m | −$57.8m | −$19.9m | −$97.3m | −$61.7m | −$30.1m | −$4.3m |
| Diluted earnings per share | -0.42 | -4.77 | -6.15 | -4.53 | -2.10 | -0.71 | -3.58 | -2.30 | -1.30 | -1.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $364.4m | $483.8m | $452.4m | $610.4m | $643.1m | $416.6m | $435.2m | $509.0m | $329.4m | $62.2m |
| Cash and short-term investments | $311.6m | $385.4m | $390.9m | $441.2m | $548.1m | $393.7m | $374.2m | $427.1m | $248.4m | $51.2m |
| Total liabilities | $327.2m | $413.0m | $364.3m | $348.3m | $286.6m | $19.8m | $30.2m | $22.6m | $21.8m | $22.9m |
| Debt | $14.1m | $369.5m | $17.8m | $19.4m | $21.0m | $342,000 | $2.9m | $8.3m | $14.4m | $13.8m |
| Shareholders' equity | $37.2m | $70.9m | $88.1m | $262.1m | $356.4m | $396.7m | $405.0m | $486.4m | $307.6m | $39.3m |
| Shares outstanding | 31m | 30m | 27m | 28m | 28m | 28m | 27m | 27m | 23m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $19.7m | −$135.3m | −$120.8m | −$73.6m | −$45.9m | −$14.2m | −$69.5m | −$48.5m | −$19.4m | −$9.0m |
| Capital spending | −$87,000 | −$358,000 | −$807,000 | −$358,000 | −$1.4m | −$569,000 | −$805,000 | −$1.1m | −$290,000 | −$50,000 |
| Free cash flow | $19.6m | −$135.7m | −$121.6m | −$74.0m | −$47.3m | −$14.7m | −$70.3m | −$49.6m | −$19.7m | −$9.1m |
| Dividends paid | — | — | −$11.7m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.5m | $25.6m | $108.2m | $76.3m | $22.3m | $27.8m | $43.1m | $30.0m |
| Operating income | $67.0m | −$34.6m | $66.9m | $34.7m | −$22.6m | −$25.6m | −$9.7m | −$22.8m |
| Net income | $183.9m | −$52.9m | $49.6m | $15.1m | −$38.6m | −$39.3m | −$21.8m | −$32.9m |
| Diluted earnings per share | 5.11 | -1.47 | 1.58 | 0.48 | -1.23 | -1.25 | -0.72 | -1.08 |
| Cash from operations | −$26.0m | −$25.0m | $97.0m | −$27.0m | −$40.0m | −$10.0m | −$66.0m | −$10.0m |
| Total assets | $317.0m | $329.7m | $364.4m | $353.1m | $335.3m | $422.1m | $483.8m | $493.4m |
| Cash and short-term investments | $164.1m | $286.5m | $311.6m | $249.0m | $265.7m | $339.9m | $385.4m | $430.1m |
| Debt | $2.2m | $2.1m | $2.1m | $2.0m | $2.0m | $2.0m | $1.9m | $1.9m |
| Shareholders' equity | $10.6m | $12.7m | $37.2m | −$29.4m | −$44.7m | $34.0m | $70.9m | $84.4m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 28.5% | -104.2% | -915.5% | -1045.9% | -91.5% | -26.6% |
| Net margin | -5.6% | -159.1% | -953.7% | -1251.3% | -91.5% | -26.6% |
| Return on equity | -35.6% | -204.9% | -185.7% | -49.1% | -16.2% | -5.0% |
| Return on assets | -3.6% | -30.0% | -36.2% | -21.1% | -9.0% | -4.8% |
| Free cash flow yield | 1.3% | -9.2% | -9.3% | -5.3% | -3.4% | -1.0% |
| Revenue growth | 157.0% | 432.0% | 66.8% | -83.7% | -15.8% | 837.5% |
| Earnings growth | -90.9% | -11.2% | 27.1% | 122.7% | 190.0% | -79.5% |
| Current ratio | 9.07x | 9.51x | 10.87x | 17.16x | 34.40x | 20.01x |
| Debt to equity | 0.06x | 0.03x | 0.02x | 0.01x | 0.00x | 0.00x |
| Equity ratio | 10.2% | 14.6% | 19.5% | 42.9% | 55.4% | 95.2% |
| Interest coverage | 0.84x | -1.90x | -8.69x | -5.10x | -39.86x | -5.03x |
| R&D as a share of sales | 58.0% | 179.5% | 813.8% | 863.2% | 155.9% | 106.7% |
| Buybacks as a share of market value | -2.9% | -14.5% | 6.5% | -3.3% | 1.4% | -2.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 183.6% | 25.6% | 29.6% |
| Net income | -53.2% | -7.9% | 9.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -20.6% | -98.1% | -87.1% | -116.5% |
| Net margin | -48.6% | -127.6% | -107.5% | -132.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -114.8 | -2.8 | -2.3 | -4.6 | -11.0 | -20.1 | -3.0 | -5.2 | -14.5 |
| Price to sales | 6.5 | 4.4 | 22.1 | 57.1 | 10.1 | 5.3 | 36.8 | 64.1 | 43.6 |
Market value over time
31 Jan 2017 to 30 Oct 2026, in USD
$50.9m$1.74bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 210% | 15% | -25% | -26% | 54% | 48% | -4% | -36% | 440% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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