7.38
-0.81%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$764.2m
FY2016FY2025
Net income
−$143.4m
FY2016FY2025
Free cash flow
$2.8m
FY2016FY2025
Shareholders' equity
$36.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $764.2m | $611.6m | $482.3m | $350.9m | $243.2m | $144.9m | $113.4m | $91.7m | $101.7m | $120.2m |
| Gross profit | $531.9m | $424.3m | $310.2m | $233.1m | $157.8m | $102.5m | $77.6m | $63.2m | $62.3m | $76.1m |
| Research and development | $76.3m | $80.7m | $70.1m | $44.0m | $32.0m | $18.7m | $13.8m | $10.0m | $4.9m | $9.2m |
| Operating income | −$82.1m | −$137.2m | −$170.3m | −$146.5m | −$137.1m | −$66.5m | −$47.3m | −$23.0m | −$9.0m | −$25.6m |
| Net income | −$143.4m | −$162.1m | −$186.6m | −$151.3m | −$143.0m | −$79.0m | −$57.0m | −$29.0m | −$2.3m | −$30.3m |
| Diluted earnings per share | -0.96 | -1.13 | -1.40 | -1.43 | -1.44 | -1.02 | -0.93 | -0.67 | -0.11 | -3.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $791.2m | $775.7m | $805.2m | $521.0m | $572.1m | $261.2m | $169.9m | $129.5m | $84.7m | $94.2m |
| Cash and short-term investments | $160.8m | $138.8m | $221.0m | $84.7m | $187.2m | $107.8m | $47.1m | $29.1m | $22.5m | $19.6m |
| Total liabilities | $755.2m | $766.3m | $703.5m | $555.6m | $492.6m | $131.3m | $126.3m | $111.9m | $111.3m | $136.1m |
| Debt | $565.9m | $576.2m | $512.8m | $364.5m | $326.8m | $42.2m | $53.9m | $45.6m | $41.1m | $46.2m |
| Shareholders' equity | $36.0m | $9.4m | $101.7m | −$34.7m | $79.4m | $129.9m | $43.6m | $17.6m | −$26.7m | −$41.9m |
| Shares outstanding | 150m | 143m | 134m | 106m | 99m | 77m | 61m | 43m | 21m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $45.2m | −$44.7m | −$78.5m | −$75.1m | −$73.4m | −$46.4m | −$33.1m | −$25.6m | −$8.7m | −$10.0m |
| Capital spending | −$42.5m | −$93.1m | −$87.0m | −$58.3m | −$68.5m | −$23.9m | −$13.0m | −$6.9m | −$7.6m | −$9.1m |
| Free cash flow | $2.8m | −$137.8m | −$165.5m | −$133.4m | −$142.0m | −$70.3m | −$46.2m | −$32.5m | −$16.3m | −$19.1m |
| Dividends paid | — | — | −$1.1m | −$3.0m | −$316.3m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $213.5m | $192.1m | $212.9m | $196.5m | $185.5m | $169.2m | $176.8m | $150.7m |
| Gross profit | $154.1m | $117.3m | $130.4m | $137.3m | $129.1m | $116.0m | $121.6m | $102.7m |
| Operating income | −$14.7m | −$22.1m | −$5.4m | −$15.6m | −$28.9m | −$44.1m | −$25.7m | −$33.1m |
| Net income | −$25.8m | −$33.9m | −$21.7m | −$28.6m | −$41.1m | −$51.9m | −$33.3m | −$39.6m |
| Diluted earnings per share | -0.17 | -0.22 | -0.14 | -0.19 | -0.27 | -0.35 | -0.23 | -0.28 |
| Cash from operations | $20.0m | $1.0m | $20.0m | $14.0m | $15.0m | −$5.0m | $10.0m | −$5.0m |
| Capital spending | −$19.0m | −$12.0m | −$11.0m | −$9.0m | −$12.0m | −$9.0m | −$3.0m | −$19.0m |
| Free cash flow | $1.0m | −$11.0m | $9.0m | $5.0m | $3.0m | −$14.0m | $7.0m | −$24.0m |
| Total assets | $791.0m | $799.5m | $791.2m | $787.2m | $790.3m | $785.5m | $775.7m | $745.9m |
| Cash and short-term investments | $118.7m | $139.9m | $160.8m | $155.7m | $157.1m | $153.2m | $138.8m | $81.0m |
| Debt | $582.4m | $580.1m | $572.2m | $566.1m | $560.4m | $554.7m | $582.6m | $534.7m |
| Shareholders' equity | −$12.1m | $18.3m | $36.0m | $11.5m | $47.4m | −$62.3m | $9.4m | $22.2m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 69.6% | 69.4% | 64.3% | 66.4% | 64.9% | 70.8% |
| Operating margin | -16.0% | -22.4% | -35.3% | -41.8% | -56.4% | -45.9% |
| Net margin | -18.8% | -26.5% | -38.7% | -43.1% | -58.8% | -54.5% |
| Return on equity | -397.9% | -1718.5% | -183.5% | 436.4% | -180.1% | -60.8% |
| Return on assets | -18.1% | -20.9% | -23.2% | -29.0% | -25.0% | -30.2% |
| Free cash flow yield | 5.1% | 3.0% | 0.6% | -1.4% | -0.4% | -2.6% |
| Revenue growth | 25.0% | 26.8% | 37.4% | 44.3% | 67.9% | 27.7% |
| Earnings growth | -11.6% | -13.1% | 23.4% | 5.8% | 81.1% | 38.6% |
| Current ratio | 2.06x | 2.73x | 2.86x | 1.84x | 3.28x | 3.16x |
| Debt to equity | 15.88x | 61.76x | 5.09x | -10.65x | 4.17x | 0.33x |
| Equity ratio | 4.6% | 1.2% | 12.6% | -6.7% | 13.9% | 49.7% |
| Interest coverage | -5.78x | -5.51x | -10.23x | -26.61x | -19.28x | -5.37x |
| R&D as a share of sales | 10.0% | 13.2% | 14.5% | 12.5% | 13.2% | 12.9% |
| Buybacks as a share of market value | -5.0% | -6.9% | -26.3% | -6.6% | -28.8% | -26.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.6% | 39.5% | 15.2% |
| Operating income | -17.5% | 4.3% | -7.1% |
| Net income | -1.8% | 12.7% | -2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 69.5% | 67.9% | 67.8% | 67.3% |
| Operating margin | -15.9% | -24.3% | -28.5% | -31.7% |
| Net margin | -22.2% | -29.1% | -33.3% | -36.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.0 | -4.8 | -6.4 | -5.1 | -4.7 | -8.3 | -4.5 | -2.0 | -14.5 | -0.5 |
| Price to sales | 2.4 | 1.3 | 2.5 | 2.2 | 2.8 | 4.5 | 2.3 | 0.6 | 0.3 | 0.1 |
Market value over time
30 Nov 2016 to 29 Oct 2026, in USD
$47.1m$1.77bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 125% | -39% | 38% | -7% | -18% | 95% | 208% | -11% | -33% | 6% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 12-to-1 reverse split · 25 Aug 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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