A 
21.79
+6.71%
Close of 9 Nov 2026, in USD
Search any instrument
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
$72.3m
FY2016FY2025
Net income
−$6.1m
FY2016FY2025
Free cash flow
−$41.2m
FY2016FY2025
Shareholders' equity
$206.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $72.3m | $28.5m | $7.2m | — | $6.3m | $79.1m | $16.0m | $14.8m | $9.0m | — |
| Research and development | $64.8m | $55.9m | $48.9m | $70.0m | $68.5m | $106.8m | $85.8m | $72.7m | $44.2m | $33.1m |
| Operating income | −$12.1m | −$45.4m | −$64.6m | −$94.1m | −$132.7m | −$64.8m | −$102.7m | −$92.7m | −$52.2m | −$45.3m |
| Net income | −$6.1m | −$40.2m | −$61.2m | −$92.1m | −$129.9m | −$62.2m | −$97.6m | −$90.8m | −$42.8m | −$44.3m |
| Diluted earnings per share | -0.55 | -6.10 | -11.17 | -22.64 | -28.50 | -15.66 | -27.83 | -35.35 | -21.16 | -25.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $257.6m | $119.2m | $136.8m | $101.8m | $191.1m | $283.3m | $347.9m | $268.0m | $169.3m | $98.1m |
| Cash and short-term investments | $248.1m | $112.1m | $130.2m | $91.6m | $146.6m | $216.4m | $274.0m | $218.1m | $119.9m | $53.0m |
| Total liabilities | $50.8m | $85.8m | $95.7m | $19.1m | $22.1m | $42.7m | $74.7m | $57.4m | $56.2m | $18.2m |
| Debt | $569,000 | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $206.8m | $33.4m | $41.1m | $82.7m | $168.9m | $240.6m | $273.2m | $210.7m | $113.1m | $79.9m |
| Shares outstanding | 11m | 7m | 5m | 4m | 5m | 4m | 4m | 3m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$41.1m | −$51.1m | $22.7m | −$84.5m | −$93.4m | −$63.0m | −$84.1m | −$65.0m | $1.9m | −$34.9m |
| Capital spending | −$66,000 | −$28,000 | −$255,000 | −$102,000 | −$3.1m | −$2.2m | −$1.6m | −$340,000 | −$864,564 | −$146,329 |
| Free cash flow | −$41.2m | −$51.1m | $22.5m | −$84.6m | −$96.5m | −$65.2m | −$85.6m | −$65.3m | $995,517 | −$35.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.4m | $8.2m | $42.5m | $10.8m | $9.6m | $9.4m | $7.4m | $6.8m |
| Operating income | −$6.3m | −$11.4m | $19.8m | −$10.9m | −$11.1m | −$9.9m | −$11.5m | −$11.0m |
| Net income | −$3.9m | −$9.1m | $22.1m | −$9.2m | −$10.2m | −$8.8m | −$10.3m | −$9.6m |
| Diluted earnings per share | -0.20 | -0.48 | 1.97 | -0.82 | -0.91 | -0.79 | -1.57 | -1.46 |
| Cash from operations | −$15.0m | −$22.0m | $14.0m | −$15.0m | −$16.0m | −$23.0m | — | −$15.0m |
| Total assets | $330.8m | $235.5m | $257.6m | $240.0m | $80.8m | $99.0m | $119.2m | $100.3m |
| Cash and short-term investments | $320.4m | $226.6m | $248.1m | $232.6m | $75.0m | $91.0m | $112.1m | $95.0m |
| Debt | $612,000 | $590,000 | $569,000 | $548,000 | $533,000 | $529,000 | $461,000 | $1.3m |
| Shareholders' equity | $305.6m | $198.6m | $206.8m | $182.7m | $18.1m | $27.1m | $33.4m | $26.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | -1.8% | — |
| Operating income | -49.5% | -28.5% | -8.6% |
| Net income | -59.5% | -37.1% | -14.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -57.1% | — | — | — |
| Net margin | -45.9% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -62.3 | -2.6 | -0.9 | -0.7 | -1.0 | -4.6 | -2.7 | -2.4 | -7.9 | -1.7 |
| Price to sales | 5.3 | 3.6 | 7.5 | — | 20.4 | 3.6 | 16.5 | 14.4 | 37.3 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 139% | 48% | -43% | -41% | -64% | -3% | 10% | -57% | 241% | 82% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 12-to-1 reverse split · 12 Feb 2024
- 5-to-1 reverse split · 14 Jul 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.