A 
2.93
+1.74%
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
$407.3m
FY2016FY2025
Net income
−$61.6m
FY2016FY2025
Free cash flow
−$44.0m
FY2016FY2025
Shareholders' equity
$166.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $407.3m | $333.6m | $124.5m | $52.2m | $10.1m | $7.6m | $5.3m | $2.6m | $42.0m | $24.0m |
| Research and development | $68.5m | $52.3m | $35.5m | $35.2m | $91.1m | $65.1m | $71.7m | $69.4m | $75.5m | $94.2m |
| Operating income | −$32.2m | −$18.8m | −$56.6m | −$62.1m | −$153.7m | −$89.2m | −$88.9m | −$87.8m | −$65.1m | −$112.9m |
| Net income | −$61.6m | −$39.1m | −$66.1m | −$67.2m | −$158.2m | −$94.3m | −$94.9m | −$91.3m | −$64.3m | −$112.4m |
| Diluted earnings per share | -0.25 | -0.16 | -0.30 | -0.35 | -1.37 | -1.04 | -1.36 | -1.47 | -1.32 | -2.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $501.6m | $435.8m | $297.6m | $190.1m | $149.9m | $201.6m | $259.8m | $183.3m | $157.9m | $213.1m |
| Cash and short-term investments | $264.7m | $250.1m | $184.3m | $123.9m | $116.7m | $186.5m | $247.5m | $168.1m | $134.0m | $200.8m |
| Total liabilities | $334.7m | $262.5m | $130.8m | $91.7m | $67.3m | $75.5m | $73.1m | $67.5m | $18.6m | $20.0m |
| Debt | $202.8m | $150.9m | $49.8m | $26.7m | $32.3m | $50.8m | $50.0m | $49.2m | — | — |
| Shareholders' equity | $166.9m | $173.3m | $166.8m | $98.3m | $82.6m | $126.1m | $186.7m | $115.8m | $139.3m | $193.2m |
| Shares outstanding | 244m | 244m | 219m | 194m | 115m | 91m | 70m | 62m | 49m | 47m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$42.5m | −$44.8m | −$89.7m | −$70.0m | −$152.6m | −$81.4m | −$76.5m | −$70.3m | −$65.2m | −$92.5m |
| Capital spending | −$1.5m | −$1.0m | −$344,000 | −$55,000 | −$1.9m | −$324,000 | −$325,000 | −$311,000 | −$2.4m | −$4.9m |
| Free cash flow | −$44.0m | −$45.8m | −$90.1m | −$70.1m | −$154.4m | −$81.8m | −$76.8m | −$70.6m | −$67.5m | −$97.4m |
| Dividends paid | — | — | −$25.9m | — | −$106,000 | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $120.9m | $94.5m | $125.2m | $110.3m | $97.7m | $74.1m | $116.1m | $98.2m |
| Operating income | −$11.7m | −$30.7m | $5.1m | $4.7m | −$12.5m | −$34.0m | $8.1m | $2.2m |
| Net income | −$16.7m | −$37.6m | −$407,000 | −$969,000 | −$19.1m | −$41.1m | $4.6m | −$809,000 |
| Diluted earnings per share | -0.07 | -0.15 | -0.00 | -0.00 | -0.08 | -0.17 | 0.02 | -0.00 |
| Cash from operations | −$6.0m | −$32.0m | $20.0m | — | −$25.0m | −$38.0m | $9.0m | — |
| Total assets | $575.9m | $504.5m | $502.8m | $486.2m | $466.8m | $410.2m | $435.8m | $367.9m |
| Cash and short-term investments | $281.8m | $238.1m | $264.7m | $242.7m | $238.5m | $214.0m | $250.1m | $190.4m |
| Debt | $253.4m | $205.0m | $204.3m | $203.6m | $202.6m | $152.6m | $152.4m | $103.3m |
| Shareholders' equity | $149.0m | $148.6m | $166.9m | $154.3m | $139.5m | $145.7m | $173.3m | $158.3m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -7.9% | -5.6% | -45.5% | -119.1% | -1521.8% | -1178.3% |
| Net margin | -15.1% | -11.7% | -53.1% | -128.9% | -1566.5% | -1245.7% |
| Return on equity | -36.9% | -22.6% | -39.6% | -68.3% | -191.4% | -74.8% |
| Return on assets | -12.3% | -9.0% | -22.2% | -35.4% | -105.5% | -46.8% |
| Free cash flow yield | -5.6% | -5.9% | -13.4% | -11.9% | -43.1% | -29.4% |
| Revenue growth | 22.1% | 168.1% | 138.6% | 416.6% | 33.4% | 43.4% |
| Earnings growth | 57.4% | -40.8% | -1.7% | -57.5% | 67.7% | -0.7% |
| Current ratio | 4.31x | 4.58x | 4.88x | 2.34x | 2.53x | 6.87x |
| Debt to equity | 1.22x | 0.88x | 0.33x | 0.31x | 0.43x | 0.44x |
| Equity ratio | 33.3% | 39.8% | 56.1% | 51.7% | 55.1% | 62.6% |
| Interest coverage | -1.14x | -0.93x | -6.38x | -12.25x | -34.13x | -17.50x |
| R&D as a share of sales | 16.8% | 15.7% | 28.6% | 67.5% | 902.6% | 859.2% |
| Buybacks as a share of market value | 0.2% | -11.3% | -13.2% | -68.2% | -26.7% | -30.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 98.4% | 121.9% | 32.7% |
| Operating income | -19.6% | -18.4% | 0.9% |
| Net income | -2.9% | -8.2% | 7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6.9% | -18.5% | -44.1% | -77.1% |
| Net margin | -13.6% | -25.5% | -52.0% | -85.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.1 | -31.6 | -20.6 | -8.2 | -0.8 | -1.6 | -1.4 | -0.3 | -1.3 | -0.9 |
| Price to sales | 3.5 | 3.7 | 10.9 | 10.6 | 12.6 | 20.3 | 25.9 | 11.1 | 2.0 | 4.4 |
Market value over time
30 Dec 2016 to 2 Nov 2026, in USD
$638.1m$751.6m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 23% | -31% | 277% | 43% | -33% | -14% | 363% | -73% | -26% | -16% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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