A 
7.58
+19.37%
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
$190,000
FY2016FY2025
Net income
−$74.1m
FY2016FY2025
Free cash flow
−$62.1m
FY2016FY2025
Shareholders' equity
$67.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $190,000 | $235,000 | $353,000 | $10.4m | — | $10.5m | $422,000 | — | — | — |
| Research and development | $60.2m | $54.4m | $42.3m | $42.8m | $23.3m | $17.3m | $14.0m | $20.4m | $30.1m | $44.2m |
| Operating income | −$77.6m | −$67.9m | −$54.9m | −$46.4m | −$34.0m | −$15.9m | −$23.0m | −$32.8m | −$47.1m | −$59.3m |
| Net income | −$74.1m | −$64.0m | −$50.4m | −$45.3m | −$33.8m | −$16.2m | −$23.6m | −$34.5m | −$48.2m | −$57.9m |
| Diluted earnings per share | -0.76 | -0.77 | -0.85 | -1.56 | -1.22 | -1.53 | -6.07 | -15.93 | -22.67 | -34.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $94.2m | $96.8m | $120.7m | $95.8m | $115.5m | $38.7m | $36.2m | $52.7m | $89.4m | $80.5m |
| Cash and short-term investments | $78.7m | $72.1m | $98.2m | $66.1m | $107.9m | $31.7m | $31.1m | $49.5m | $85.1m | $72.1m |
| Total liabilities | $26.9m | $27.0m | $30.2m | $24.5m | $6.4m | $7.2m | $15.2m | $19.1m | $25.1m | $17.7m |
| Debt | $12.0m | $13.3m | $15.1m | $11.5m | $1.4m | $2.2m | $11.7m | $16.0m | $19.7m | $9.5m |
| Shareholders' equity | $67.5m | $70.0m | $90.7m | $71.5m | $109.3m | $31.6m | $21.2m | $33.6m | $64.2m | $62.8m |
| Shares outstanding | 98m | 83m | 59m | 29m | 28m | 11m | 4m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$62.0m | −$69.1m | −$33.2m | −$41.9m | −$33.1m | −$15.3m | −$20.0m | −$31.1m | −$42.4m | −$52.9m |
| Capital spending | −$77,000 | −$65,000 | −$4.2m | −$1.6m | −$192,000 | −$202,000 | −$79,000 | −$594,000 | −$1.3m | −$600,000 |
| Free cash flow | −$62.1m | −$69.2m | −$37.4m | −$43.5m | −$33.3m | −$15.5m | −$20.1m | −$31.7m | −$43.7m | −$53.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $190,000 | — | — | — | — |
| Operating income | −$10.9m | −$11.4m | −$14.8m | −$26.7m | −$20.3m | −$15.8m | −$15.8m | −$18.1m |
| Net income | −$10.3m | −$10.8m | −$14.0m | −$25.7m | −$19.5m | −$14.9m | −$15.0m | −$17.3m |
| Diluted earnings per share | -0.11 | -0.11 | -0.14 | -0.26 | -0.20 | -0.15 | -0.18 | -0.21 |
| Cash from operations | −$9.0m | −$12.0m | −$12.0m | −$20.0m | −$13.0m | −$15.0m | −$13.0m | −$13.0m |
| Total assets | $69.8m | $79.7m | $94.2m | $106.7m | $101.5m | $97.2m | $96.8m | $91.6m |
| Cash and short-term investments | $57.4m | $66.5m | $78.7m | $90.2m | $80.3m | $76.3m | $72.1m | $66.0m |
| Debt | $1.5m | $1.5m | $1.5m | $1.4m | $1.3m | $1.3m | $1.3m | $1.2m |
| Shareholders' equity | $48.8m | $57.9m | $67.5m | $80.2m | $74.8m | $75.0m | $70.0m | $65.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -73.7% | -55.1% | — |
| Operating income | 18.7% | 37.3% | 5.0% |
| Net income | 17.8% | 35.5% | 4.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -34244.9% | -2211.3% | — | — |
| Net margin | -32503.8% | -2094.8% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.1 | -17.6 | -6.2 | -5.3 | -23.1 | -9.5 | -2.6 | -1.6 | -5.1 | -2.1 |
| Price to sales | — | — | — | 23.1 | — | 14.7 | 144.4 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 33% | 125% | -35% | -73% | 87% | 1% | -30% | -82% | 77% | -76% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 29 Oct 2026
- 14-to-1 reverse split · 1 Jul 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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