A 
51.15
-0.87%
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
$726.9m
FY2016FY2025
Net income
$1.2m
FY2016FY2025
Free cash flow
$59.6m
FY2016FY2025
Shareholders' equity
−$47.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $726.9m | $617.0m | $545.4m | $468.0m | $369.3m | $304.6m | $260.4m | $226.7m | $176.7m | $132.9m |
| Gross profit | $527.3m | $466.8m | $402.0m | $334.7m | $265.2m | $215.8m | $166.5m | $141.8m | $112.1m | $82.8m |
| Research and development | $172.2m | $155.0m | $153.1m | $139.2m | $97.5m | $70.2m | $58.0m | $44.7m | $34.8m | $23.0m |
| Operating income | $21.5m | −$67.6m | −$90.4m | −$148.6m | −$87.5m | −$37.9m | −$50.5m | −$49.0m | −$31.8m | −$13.2m |
| Net income | $1.2m | −$92.3m | −$111.4m | −$150.9m | −$88.6m | −$33.5m | −$50.7m | −$49.5m | −$31.0m | −$12.5m |
| Diluted earnings per share | 0.02 | -1.25 | -1.52 | -2.08 | -1.24 | -0.48 | -0.75 | -0.78 | -0.51 | -0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $691.4m | $621.0m | $627.5m | $594.2m | $504.5m | $512.5m | $371.5m | $233.2m | $161.1m | $102.7m |
| Cash and short-term investments | $187.2m | $159.9m | $159.0m | $196.0m | $156.0m | $222.3m | $159.8m | $94.9m | $73.8m | $31.1m |
| Total liabilities | $738.4m | $653.7m | $575.2m | $448.5m | $270.6m | $215.9m | $166.2m | $160.0m | $115.5m | $110.8m |
| Debt | $254.0m | $250.4m | $206.6m | $118.1m | — | — | $3.8m | — | — | $20.0m |
| Shareholders' equity | −$47.0m | −$32.6m | $52.3m | $145.7m | $233.9m | $296.6m | $205.2m | $73.2m | $45.5m | −$8.1m |
| Shares outstanding | 74m | 74m | 73m | 73m | 71m | 70m | 67m | 64m | 60m | 55m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $62.9m | $6.9m | −$110.4m | −$106.6m | −$53.9m | −$7.6m | −$8.9m | −$31.3m | −$9.1m | −$7.8m |
| Capital spending | −$3.3m | −$3.8m | −$9.6m | −$9.1m | −$6.1m | −$1.3m | −$32.4m | −$7.0m | −$433,000 | −$984,000 |
| Free cash flow | $59.6m | $3.1m | −$120.1m | −$115.6m | −$60.0m | −$8.9m | −$41.3m | −$38.3m | −$9.6m | −$8.7m |
| Dividends paid | — | — | — | — | — | — | — | — | −$7.6m | −$7.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $203.3m | $202.2m | $202.9m | $187.0m | $170.6m | $166.4m | $166.7m | $154.1m |
| Gross profit | $144.7m | $147.8m | $147.0m | $141.7m | $126.7m | $127.5m | $131.0m | $117.0m |
| Operating income | −$5.4m | $3.2m | −$687,000 | $14.5m | $6.6m | −$834,000 | $5.0m | $5.4m |
| Net income | −$11.8m | −$1.5m | −$5.1m | $7.8m | −$312,000 | −$1.2m | −$13.6m | −$2.1m |
| Diluted earnings per share | -0.16 | -0.02 | -0.07 | 0.11 | -0.00 | -0.02 | -0.18 | -0.03 |
| Cash from operations | $12.0m | $48.0m | $1.0m | $18.0m | −$1.0m | $44.0m | $13.0m | −$8.0m |
| Capital spending | −$2.0m | — | — | — | −$1.0m | — | — | — |
| Free cash flow | $10.0m | — | — | — | −$2.0m | — | — | — |
| Total assets | $585.7m | $623.4m | $691.4m | $611.7m | $590.7m | $592.9m | $621.0m | $549.9m |
| Cash and short-term investments | $167.9m | $206.0m | $187.2m | $191.6m | $184.8m | $199.7m | $159.9m | $140.0m |
| Debt | $250.2m | $251.6m | $254.0m | $258.8m | $258.7m | $260.8m | $262.8m | $265.3m |
| Shareholders' equity | −$105.2m | −$59.0m | −$47.0m | −$48.5m | −$53.7m | −$31.7m | −$32.6m | −$49.8m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 72.5% | 75.7% | 73.7% | 71.5% | 71.8% | 70.9% |
| Operating margin | 3.8% | -11.0% | -16.6% | -31.7% | -23.7% | -10.5% |
| Net margin | 0.2% | -15.0% | -20.4% | -32.2% | -24.0% | -11.0% |
| Return on equity | -2.6% | 282.7% | -212.9% | -103.6% | -37.9% | -11.3% |
| Return on assets | 0.2% | -14.9% | -17.8% | -25.4% | -17.6% | -6.5% |
| Free cash flow yield | 1.8% | 0.3% | -2.8% | -2.7% | -1.4% | -0.2% |
| Revenue growth | 17.8% | 13.1% | 16.5% | 26.7% | 21.2% | 17.0% |
| Earnings growth | -101.3% | -17.2% | -26.2% | 70.3% | 164.8% | -34.0% |
| Current ratio | 1.15x | 1.23x | 1.12x | 1.56x | 1.57x | 2.34x |
| Debt to equity | -5.41x | -8.05x | 4.17x | 0.87x | 0.03x | 0.02x |
| Equity ratio | -6.8% | -5.3% | 8.3% | 24.5% | 46.4% | 57.9% |
| Interest coverage | 1.31x | -2.87x | -5.06x | -88.80x | -235.19x | -67.19x |
| R&D as a share of sales | 23.7% | 25.1% | 28.1% | 29.7% | 26.4% | 23.1% |
| Buybacks as a share of market value | 0.1% | -0.9% | -0.8% | -1.9% | -1.4% | -4.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.8% | 19.0% | 20.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 74.0% | 73.4% | 73.0% | 70.5% |
| Operating margin | -3.4% | -12.1% | -13.5% | -14.2% |
| Net margin | -6.8% | -15.0% | -15.7% | -15.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | -26.4 | -24.8 | -15.7 | -52.5 | -340.7 | -50.7 | -34.5 | -61.4 |
| Price to sales | 3.6 | 4.0 | 5.1 | 5.1 | 12.6 | 37.5 | 9.9 | 7.5 | 10.8 |
Market value over time
31 May 2017 to 30 Oct 2026, in USD
$600.1m$3.58bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 5% | -10% | 13% | -49% | -57% | 280% | 64% | -7% | 82% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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