A 
26.20
+2.54%
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
$376.1m
FY2017FY2025
Net income
−$16.1m
FY2017FY2025
Free cash flow
−$6.3m
FY2017FY2025
Shareholders' equity
$189.5m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $376.1m | $196.5m | $59.6m | $3.7m | — | — | — | — | — |
| Gross profit | $339.4m | $177.4m | $54.6m | $2.9m | −$763,000 | −$455,000 | −$195,000 | — | — |
| Research and development | $77.1m | $76.4m | $110.6m | $182.4m | $145.6m | $115.3m | $36.5m | $17.9m | $3.4m |
| Operating income | −$11.8m | −$112.2m | −$230.2m | −$295.8m | −$206.5m | −$136.6m | −$43.1m | −$19.7m | −$4.1m |
| Net income | −$16.1m | −$140.0m | −$262.1m | −$311.5m | −$205.9m | −$135.7m | −$42.0m | −$19.3m | −$5.0m |
| Diluted earnings per share | -0.12 | -1.16 | -2.83 | -5.11 | -4.10 | -3.16 | -1.10 | -0.53 | -4.98 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $433.0m | $348.9m | $341.4m | $449.3m | $408.2m | $298.3m | $107.0m | $51.1m | $3.8m |
| Cash and short-term investments | $221.0m | $228.0m | $271.9m | $409.6m | $388.6m | $284.4m | $101.3m | $50.9m | $3.4m |
| Total liabilities | $243.5m | $191.3m | $252.7m | $239.7m | $110.5m | $27.6m | $5.5m | $75.1m | $8.8m |
| Debt | $109.0m | $107.2m | $201.8m | $197.8m | $72.4m | — | — | — | $1.0m |
| Shareholders' equity | $189.5m | $157.5m | $88.7m | $209.6m | $297.7m | $270.6m | $101.5m | −$24.0m | −$5.0m |
| Shares outstanding | 136m | 121m | 93m | 61m | 50m | 43m | 38m | 36m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$5.6m | −$112.2m | −$247.1m | −$257.7m | −$174.6m | −$113.0m | −$42.8m | −$14.1m | −$3.8m |
| Capital spending | −$686,000 | −$143,000 | −$428,000 | −$23.3m | −$995,000 | −$321,000 | −$295,000 | −$295,000 | −$295,000 |
| Free cash flow | −$6.3m | −$112.3m | −$247.5m | −$281.0m | −$175.6m | −$113.4m | −$43.1m | −$14.4m | −$4.1m |
| Dividends paid | — | — | — | −$122.8m | −$72.3m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $129.9m | $105.4m | $129.5m | $99.2m | $81.5m | $65.8m | $71.4m | $44.8m |
| Gross profit | $118.9m | $95.6m | $117.8m | $90.5m | $74.0m | $57.0m | $64.5m | $39.3m |
| Operating income | $16.4m | −$9.1m | $18.4m | $8.5m | −$12.5m | −$21.8m | −$7.6m | −$34.9m |
| Net income | $15.0m | −$11.3m | $17.4m | $7.4m | −$15.9m | −$25.1m | −$10.8m | −$41.5m |
| Diluted earnings per share | 0.11 | -0.08 | 0.13 | 0.05 | -0.12 | -0.18 | -0.09 | -0.34 |
| Cash from operations | $12.0m | $2.0m | $26.0m | −$1.0m | — | −$30.0m | — | −$34.0m |
| Capital spending | — | — | — | — | — | — | −$5.0m | — |
| Total assets | $488.5m | $460.0m | $433.0m | $371.0m | $352.4m | $344.1m | $348.9m | $437.4m |
| Cash and short-term investments | $238.6m | $224.0m | $221.0m | $191.1m | $191.1m | $198.1m | $228.0m | $330.6m |
| Debt | $108.9m | $109.4m | $109.0m | $108.5m | $108.0m | $108.5m | $108.0m | $205.4m |
| Shareholders' equity | $220.6m | $189.6m | $189.5m | $158.1m | $139.0m | $142.7m | $157.5m | $156.6m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 90.2% | 90.3% | 91.6% | 79.5% | — | — | — |
| Operating margin | -0.8% | -57.1% | -384.7% | -8025.1% | — | — | — |
| Net margin | -4.3% | -71.3% | -439.8% | -8449.8% | — | — | — |
| Return on equity | -8.5% | -88.9% | -295.6% | -148.6% | -69.2% | -50.1% | — |
| Return on assets | -3.7% | -40.1% | -76.8% | -69.3% | -50.4% | -45.5% | — |
| Free cash flow yield | -0.1% | -2.9% | -8.3% | -11.9% | -10.7% | -8.1% | — |
| Revenue growth | 91.3% | 229.7% | 1517.1% | — | — | — | — |
| Earnings growth | -88.5% | -46.6% | -15.8% | 51.3% | 51.8% | 223.1% | — |
| Current ratio | 3.17x | 4.15x | 7.08x | 11.57x | 12.09x | 12.96x | — |
| Debt to equity | 0.58x | 0.69x | 2.28x | 0.95x | 0.24x | — | 0.00x |
| Equity ratio | 43.8% | 45.2% | 26.0% | 46.6% | 72.9% | 90.7% | — |
| Interest coverage | -0.24x | -4.13x | -7.72x | -18.90x | -454.91x | — | — |
| R&D as a share of sales | 20.5% | 38.9% | 185.5% | 4949.4% | — | — | — |
| Buybacks as a share of market value | -12.1% | -30.7% | -51.9% | -21.4% | -16.8% | -12.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 367.3% | — | — |
| Operating income | -65.8% | -38.7% | — |
| Net income | -62.7% | -34.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 90.3% | 90.3% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -244.0 | -12.0 | -1.1 | -2.9 | -5.1 | -8.9 |
| Price to sales | 10.5 | 8.6 | 5.0 | 244.8 | — | — |
Market value over time
31 Jan 2020 to 22 Oct 2026, in USD
$43.6m$4.38bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 107% | 423% | -83% | -15% | -40% | 33% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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