A 
9.49
-8.31%
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
$67.2m
FY2016FY2025
Net income
−$65.8m
FY2016FY2025
Free cash flow
−$74.5m
FY2016FY2025
Shareholders' equity
$214.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.2m | $138.4m | $157.7m | $205.8m | $12.4m | $9.5m | $20.8m | $15.8m | $13.0m | $20.4m |
| Research and development | $112.2m | $195.2m | $192.1m | $147.8m | $173.8m | $57.8m | $33.6m | $17.0m | $15.9m | $18.4m |
| Operating income | −$75.0m | −$95.7m | −$78.2m | $12.2m | −$201.8m | −$71.8m | −$25.5m | −$21.8m | −$10.8m | −$25.2m |
| Net income | −$65.8m | −$80.9m | −$29.7m | $9.3m | −$203.7m | −$72.1m | −$26.0m | −$21.8m | −$10.9m | −$24.6m |
| Diluted earnings per share | -2.40 | -3.00 | -1.12 | 0.35 | -7.73 | -2.75 | -1.79 | -2.16 | -1.09 | -6.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $271.1m | $344.1m | $429.4m | $450.4m | $392.8m | $476.5m | $82.1m | $44.2m | $52.0m | $51.6m |
| Cash and short-term investments | $230.9m | $237.0m | $292.0m | $391.9m | $370.5m | $462.9m | $71.4m | $36.7m | $48.6m | $50.2m |
| Total liabilities | $57.2m | $103.1m | $150.9m | $180.1m | $164.6m | $79.9m | $56.4m | $30.6m | $18.2m | $4.3m |
| Debt | $4.2m | — | — | $60.7m | $63.1m | $15.1m | $15.0m | $9.9m | — | $100,000 |
| Shareholders' equity | $214.0m | $241.0m | $278.5m | $270.3m | $228.2m | $396.6m | $25.8m | $13.6m | $33.8m | $47.2m |
| Shares outstanding | 27m | 27m | 27m | 27m | 26m | 26m | 15m | 10m | 10m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$74.3m | −$59.7m | −$18.1m | $32.0m | −$135.0m | −$42.9m | −$6.4m | −$20.8m | −$460,000 | −$19.2m |
| Capital spending | −$230,000 | −$648,000 | −$2.9m | −$7.7m | −$3.4m | −$1.7m | −$818,000 | −$1.5m | −$251,000 | −$74,000 |
| Free cash flow | −$74.5m | −$60.4m | −$21.0m | $24.3m | −$138.4m | −$44.6m | −$7.3m | −$22.2m | −$711,000 | −$19.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0m | $610,000 | $3.1m | $17.2m | $24.5m | $29.4m | $21.0m | $38.8m |
| Operating income | −$25.5m | −$29.8m | −$31.3m | −$16.5m | −$11.6m | −$16.8m | −$33.4m | −$10.7m |
| Net income | −$23.8m | −$27.0m | −$29.1m | −$13.4m | −$9.2m | −$14.1m | −$30.0m | −$6.9m |
| Diluted earnings per share | -0.84 | -0.95 | -1.06 | -0.49 | -0.34 | -0.51 | -1.11 | -0.26 |
| Cash from operations | −$19.0m | −$19.0m | −$16.0m | −$17.0m | −$5.0m | −$35.0m | — | −$23.0m |
| Total assets | $224.3m | $245.4m | $271.1m | $282.3m | $309.3m | $331.8m | $344.1m | $370.7m |
| Cash and short-term investments | $191.5m | $211.4m | $230.9m | $180.4m | $196.5m | $216.9m | $237.0m | $237.2m |
| Debt | $4.0m | $4.3m | $4.2m | $4.1m | $4.0m | $18.7m | $3.6m | $3.4m |
| Shareholders' equity | $171.8m | $191.4m | $214.0m | $224.6m | $231.1m | $233.8m | $241.0m | $261.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -31.1% | 47.8% | 27.0% |
| Operating income | — | 0.9% | 14.3% |
| Net income | — | -1.8% | 13.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -83.0% | -41.6% | -86.3% | -91.9% |
| Net margin | -71.4% | -29.4% | -74.9% | -81.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | -2.8 | -14.1 | 24.5 | -2.4 | -7.9 | -0.8 | -0.3 | -0.9 | -0.1 |
| Price to sales | 2.5 | 1.6 | 2.6 | 1.1 | 39.3 | 59.5 | 0.9 | 0.4 | 0.8 | 0.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -13% | -54% | 93% | -65% | -8% | 1748% | 132% | -43% | 2% | -29% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 7-to-1 reverse split · 16 Nov 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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