A 
8.18
+3.94%
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
$120.8m
FY2016FY2025
Net income
$32.7m
FY2016FY2025
Free cash flow
−$50.9m
FY2016FY2025
Shareholders' equity
−$38.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120.8m | $128.9m | $8.6m | $63.6m | $20.3m | $3.6m | — | — | — | — |
| Research and development | $37.4m | $151.5m | $224.8m | $272.5m | $282.0m | $244.7m | $216.1m | $167.5m | $81.2m | $56.5m |
| Operating income | $35.9m | −$82.9m | −$276.0m | −$280.5m | −$340.5m | −$309.1m | −$295.7m | −$237.1m | −$121.5m | −$81.2m |
| Net income | $32.7m | −$85.4m | −$276.1m | −$228.3m | −$340.1m | −$306.6m | −$291.0m | −$230.7m | −$119.5m | −$79.0m |
| Diluted earnings per share | 2.57 | -7.99 | -63.84 | -55.32 | -87.30 | -89.87 | -126.15 | -125.99 | -97.46 | -68.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $20.2m | $109.1m | $165.5m | $376.4m | $468.1m | $588.1m | $342.9m | $391.8m | $217.8m | $263.9m |
| Cash and short-term investments | $8.5m | $42.5m | $51.7m | $242.8m | $371.1m | $500.7m | $259.1m | $309.6m | $166.1m | $255.7m |
| Total liabilities | $58.7m | $206.4m | $264.7m | $249.8m | $188.5m | $125.8m | $52.2m | $53.0m | $39.9m | $10.2m |
| Debt | $52.8m | $43.8m | $57.9m | $71.7m | $28.3m | $15.0m | $15.7m | $738,000 | $500,000 | — |
| Shareholders' equity | −$38.5m | −$97.3m | −$99.2m | $126.6m | $279.6m | $462.3m | $290.8m | $338.9m | $177.9m | $253.7m |
| Shares outstanding | 13m | 11m | 4m | 4m | 4m | 3m | 2m | 2m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$50.9m | −$68.7m | −$193.0m | −$270.4m | −$220.5m | −$180.8m | −$235.6m | −$179.8m | −$87.5m | −$60.0m |
| Capital spending | — | −$246,000 | −$1.2m | −$4.2m | −$10.6m | −$4.5m | −$5.7m | −$35.9m | −$20.2m | −$3.0m |
| Free cash flow | −$50.9m | −$69.0m | −$194.2m | −$274.6m | −$231.1m | −$185.3m | −$241.4m | −$215.7m | −$107.7m | −$63.0m |
| Dividends paid | — | — | — | −$623,000 | −$1.2m | −$1.5m | −$6.7m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $630,000 | $516,000 | $1.6m | $3.5m | $17.6m | $98.1m | $32.8m | $40.2m |
| Operating income | −$4.7m | −$3.4m | −$2.6m | −$3.6m | $3.2m | $38.8m | −$12.3m | −$21.2m |
| Net income | −$4.8m | −$4.1m | −$3.4m | −$4.3m | $2.4m | $38.0m | −$12.7m | −$21.9m |
| Diluted earnings per share | -0.32 | -0.28 | -0.27 | -0.34 | 0.19 | 2.99 | -1.19 | -2.05 |
| Cash from operations | −$3.0m | −$3.0m | −$5.0m | −$9.0m | −$7.0m | −$28.0m | −$24.0m | −$3.0m |
| Total assets | $21.0m | $20.0m | $20.2m | $30.2m | $36.9m | $62.0m | $109.1m | $142.7m |
| Cash and short-term investments | $9.9m | $8.4m | $8.5m | $13.7m | $22.3m | $13.8m | $42.5m | $67.2m |
| Debt | $1.1m | $1.0m | $10.8m | $11.6m | $2.2m | $13.9m | $13.9m | $14.7m |
| Shareholders' equity | −$37.0m | −$37.3m | −$38.5m | −$36.6m | −$35.0m | −$55.1m | −$97.3m | −$90.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.9% | 102.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -18.8% | -187.5% | -362.4% | — |
| Net margin | -21.1% | -173.1% | -348.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.0 | -0.4 | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -0.2 | -0.1 | -0.1 |
| Price to sales | 0.8 | 0.3 | 1.7 | 0.3 | 1.7 | 10.8 | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 195% | -30% | -17% | -51% | -30% | 48% | -55% | 118% | -6% | -32% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 25-to-1 reverse split · 20 Jun 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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