A 
3.80
+8.26%
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
$4.9m
FY2016FY2025
Net income
−$173.8m
FY2016FY2025
Free cash flow
−$26.3m
FY2016FY2025
Shareholders' equity
−$218.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.9m | $5.2m | $4.5m | $5.5m | $4.5m | $823,000 | $31,000 | — | $115,000 | $260,000 |
| Research and development | $23.7m | $34.4m | $33.8m | $35.0m | $20.0m | $14.4m | $9.8m | $4.9m | $2.9m | $5.7m |
| Operating income | −$31.2m | −$42.4m | −$66.4m | −$36.9m | −$23.8m | −$21.6m | −$18.6m | −$12.5m | −$16.2m | −$23.4m |
| Net income | −$173.8m | −$18.9m | −$69.0m | −$36.9m | −$23.2m | −$22.2m | −$19.5m | −$12.1m | −$12.8m | −$18.8m |
| Diluted earnings per share | -4.78 | -0.32 | -1.91 | -1.02 | -0.88 | -1.20 | -2.03 | -36.44 | -18.93 | -273.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $76.9m | $86.4m | $98.4m | $107.9m | $69.8m | $39.5m | $25.5m | $11.9m | $11.1m | $18.2m |
| Cash and short-term investments | $8.7m | $9.3m | $13.5m | $14.9m | $10.3m | $9.6m | $6.0m | $8.2m | $5.1m | $5.7m |
| Total liabilities | $295.5m | $134.5m | $130.4m | $71.8m | $44.4m | $20.7m | $10.9m | $3.4m | $3.4m | $8.5m |
| Debt | $261.5m | $94.4m | $82.3m | — | — | $720,000 | — | — | — | $800,000 |
| Shareholders' equity | −$218.6m | −$48.0m | −$32.1m | $36.1m | $25.4m | $18.9m | $14.6m | $8.5m | $7.7m | $9.7m |
| Shares outstanding | 36m | 59m | 36m | 36m | 26m | 18m | 10m | 0m | 1m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$25.8m | −$37.6m | −$47.4m | −$32.5m | −$23.6m | −$18.3m | −$15.6m | −$9.4m | −$9.2m | −$10.6m |
| Capital spending | −$542,000 | −$1.9m | −$8.1m | −$2.2m | −$1.3m | −$824,000 | −$131,000 | −$44,000 | −$58,000 | −$279,000 |
| Free cash flow | −$26.3m | −$39.4m | −$55.6m | −$34.7m | −$24.9m | −$19.1m | −$15.7m | −$9.4m | −$9.3m | −$10.9m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −$80,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5m | $789,000 | $1.1m | $1.2m | $2.2m | $491,000 | $1.2m | $3.0m |
| Operating income | −$10.3m | −$8.8m | −$13.8m | −$7.8m | −$6.8m | −$8.2m | $5.9m | −$9.8m |
| Net income | $74.1m | −$115.3m | −$124.3m | −$26.7m | −$16.3m | −$6.5m | $2.6m | −$5.5m |
| Diluted earnings per share | 1.20 | -1.86 | -3.42 | -0.73 | -0.45 | -0.18 | 0.04 | -0.09 |
| Cash from operations | −$8.0m | −$5.0m | −$6.0m | −$4.0m | −$7.0m | −$7.0m | −$7.0m | −$8.0m |
| Total assets | $90.0m | $69.8m | $76.9m | $89.5m | $80.8m | $87.3m | $86.4m | $98.2m |
| Cash and short-term investments | $24.0m | $4.8m | $8.7m | $14.8m | $4.3m | $11.7m | $9.3m | $17.1m |
| Debt | $82.2m | $347.5m | $261.5m | $150.8m | $116.8m | $107.2m | $98.8m | $112.4m |
| Shareholders' equity | −$231.2m | −$311.6m | −$218.6m | −$95.6m | −$69.5m | −$53.8m | −$48.0m | −$51.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.8% | 42.9% | 26.3% |
| Operating income | -5.5% | 7.7% | 11.8% |
| Net income | 67.6% | 50.9% | 79.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -730.9% | -880.1% | -875.3% | — |
| Net margin | -1912.2% | -1484.8% | -1353.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -5.8 | -1.7 | -1.2 | -6.2 | -2.5 | -1.6 | -0.1 | -0.8 | -0.1 |
| Price to sales | 46.5 | 21.1 | 25.8 | 8.1 | 32.2 | 66.7 | — | — | 83.4 | 6.8 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 177% | -17% | 57% | -73% | 93% | -29% | 52% | -81% | -53% | -88% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 14-to-1 reverse split · 10 May 2019
- 10-to-1 reverse split · 25 Apr 2017
- 50-to-1 reverse split · 7 Aug 2015
- 10-to-1 reverse split · 11 May 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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