A 
3.54
-1.94%
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
$44.5m
FY2016FY2025
Net income
−$83.8m
FY2016FY2025
Free cash flow
−$53.0m
FY2016FY2025
Shareholders' equity
−$33.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.5m | $57.6m | $50.6m | $47.7m | $50.8m | $45.8m | $52.6m | $67.4m | $66.9m | $51.8m |
| Research and development | $17.2m | $20.3m | $13.1m | $17.5m | $17.0m | $19.9m | $20.6m | $23.1m | $22.1m | $15.4m |
| Operating income | −$71.1m | −$30.8m | −$15.1m | −$42.1m | −$48.1m | −$42.9m | −$56.9m | −$53.7m | −$1.2m | −$3.5m |
| Net income | −$83.8m | −$44.1m | −$7.9m | −$54.4m | −$70.5m | −$55.8m | −$66.2m | −$61.4m | −$8.9m | −$9.6m |
| Diluted earnings per share | -0.69 | -0.48 | -0.11 | -1.00 | -1.75 | -1.65 | -2.51 | -2.46 | -0.45 | -0.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $160.4m | $101.4m | $57.4m | $57.1m | $62.0m | $62.9m | $78.5m | $86.9m | $43.1m | $39.4m |
| Cash and short-term investments | $121.2m | $71.5m | $23.9m | $27.3m | $28.0m | $31.8m | $49.3m | $60.6m | $17.4m | $9.2m |
| Total liabilities | $194.1m | $161.6m | $163.9m | $175.6m | $144.1m | $111.4m | $84.6m | $76.8m | $69.6m | $57.0m |
| Debt | $39.1m | $116.5m | $106.8m | $52.1m | $53.6m | $36.9m | $60.3m | $47.2m | $87.6m | $78.3m |
| Shareholders' equity | −$33.7m | −$60.2m | −$106.5m | −$118.6m | −$82.1m | −$48.5m | −$6.1m | $10.1m | −$26.5m | −$17.6m |
| Shares outstanding | 122m | 91m | 69m | 54m | 40m | 34m | 26m | 25m | 20m | 25m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$52.4m | −$35.8m | −$6.4m | −$9.8m | −$33.0m | −$45.5m | −$60.2m | −$13.0m | $5.8m | −$8.2m |
| Capital spending | −$562,000 | −$159,000 | −$995,000 | −$2.5m | −$913,000 | −$517,000 | −$663,000 | −$1.8m | −$2.1m | −$976,000 |
| Free cash flow | −$53.0m | −$35.9m | −$7.4m | −$12.3m | −$33.9m | −$46.0m | −$60.9m | −$14.8m | $3.8m | −$9.2m |
| Dividends paid | — | — | — | −$3,000 | — | −$99,000 | −$2.8m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.8m | $14.4m | $13.0m | $12.8m | $10.0m | $8.7m | $11.9m | $13.5m |
| Operating income | −$8.2m | −$4.2m | −$28.8m | −$11.5m | −$11.4m | −$19.4m | −$13.6m | −$8.3m |
| Net income | −$22.9m | −$8.1m | −$31.9m | −$15.4m | −$13.5m | −$22.9m | −$17.1m | −$11.5m |
| Diluted earnings per share | -0.18 | -0.06 | -0.26 | -0.13 | -0.11 | -0.19 | -0.19 | -0.13 |
| Cash from operations | −$9.0m | −$14.0m | −$8.0m | −$12.0m | −$7.0m | −$23.0m | −$6.0m | −$11.0m |
| Total assets | $132.1m | $141.1m | $160.4m | $163.6m | $93.7m | $102.2m | $101.4m | $110.0m |
| Cash and short-term investments | $98.5m | $110.7m | $121.2m | $129.1m | $60.5m | $68.7m | $71.5m | $77.9m |
| Debt | $820,000 | $40.4m | $39.1m | $38.4m | $35.6m | $34.3m | $33.0m | $31.8m |
| Shareholders' equity | −$56.6m | −$34.1m | −$33.7m | −$4.1m | −$72.6m | −$60.9m | −$60.2m | −$45.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.2% | -0.6% | 32.3% |
| Operating income | 19.1% | 10.6% | 19.3% |
| Net income | 15.5% | 8.5% | 20.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -99.7% | -79.3% | -84.1% | -70.1% |
| Net margin | -125.3% | -94.9% | -106.6% | -88.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.9 | -4.6 | -11.1 | -0.6 | -1.4 | -2.0 | -1.5 | -1.6 |
| Price to sales | 11.1 | 3.5 | 1.7 | 0.7 | 1.9 | 2.5 | 1.8 | 1.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 68% | 76% | 121% | -86% | -5% | 21% | -21% | -57% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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