A 
1.22
+6.09%
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
—
FY2016FY2025
Net income
−$46.4m
FY2016FY2025
Free cash flow
−$39.0m
FY2016FY2025
Shareholders' equity
$94.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | −$685,000 | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | −$1,252 |
| Research and development | $37.6m | $41.8m | $43.7m | $37.9m | $33.0m | $25.2m | $22.3m | $13.3m | $10.7m | $7.3m |
| Operating income | −$51.4m | −$52.9m | −$47.5m | −$51.0m | −$42.0m | −$31.1m | −$28.8m | −$19.2m | −$15.5m | −$15.6m |
| Net income | −$46.4m | −$43.0m | −$47.5m | −$48.0m | −$37.9m | −$26.3m | −$26.3m | −$17.5m | −$13.5m | −$14.7m |
| Diluted earnings per share | -0.52 | -0.51 | -0.58 | -0.62 | -0.50 | -0.41 | -0.48 | -0.38 | -0.31 | -0.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $103.8m | $135.6m | $154.4m | $152.7m | $161.6m | $34.5m | $25.3m | $24.4m | $27.8m | $9.5m |
| Cash and short-term investments | $102.6m | $132.2m | $151.0m | $149.2m | $152.1m | $29.2m | $22.2m | $22.9m | $27.4m | $9.2m |
| Total liabilities | $8.9m | $15.3m | $12.5m | $10.2m | $10.8m | $7.3m | $5.0m | $3.9m | $3.6m | $3.2m |
| Shareholders' equity | $94.9m | $120.3m | $141.9m | $142.5m | $150.8m | $27.2m | $20.3m | $20.5m | $24.3m | $6.3m |
| Shares outstanding | 89m | 85m | 82m | 78m | 76m | 64m | 55m | 46m | 44m | 38m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$39.0m | −$30.8m | −$27.8m | −$24.2m | −$30.4m | −$21.3m | −$18.5m | −$12.6m | −$9.0m | −$9.2m |
| Capital spending | — | — | — | −$4 | −$4 | −$4 | — | — | — | −$3,015 |
| Free cash flow | −$39.0m | −$30.8m | −$27.8m | −$24.2m | −$30.4m | −$21.3m | −$18.5m | −$12.6m | −$9.0m | −$9.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −$6.5m | −$6.5m | −$6.8m | −$10.8m | −$14.5m | −$12.5m | −$13.6m | −$14.3m |
| Net income | −$3.2m | −$5.3m | −$5.7m | −$9.8m | −$13.2m | −$11.2m | −$12.1m | −$11.6m |
| Diluted earnings per share | -0.03 | -0.06 | -0.06 | -0.11 | -0.15 | -0.13 | -0.14 | -0.14 |
| Cash from operations | −$13.0m | — | −$7.0m | −$8.0m | −$12.0m | −$5.0m | −$12.0m | −$6.0m |
| Total assets | $120.1m | $128.8m | $133.0m | $103.8m | $102.4m | $117.1m | $124.0m | $135.6m |
| Cash and short-term investments | $118.3m | $127.4m | $131.7m | $102.6m | $101.2m | $115.8m | $120.8m | $132.2m |
| Shareholders' equity | $112.4m | $121.7m | $126.6m | $94.9m | $91.0m | $99.8m | $110.9m | $120.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 0.3% | 10.6% | 21.9% |
| Net income | -1.1% | 12.0% | 14.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.8 | -13.6 | -6.7 | -6.3 | -14.5 | -5.5 | -1.4 | -1.1 | -2.8 | -2.8 |
| Price to sales | — | — | — | — | — | — | -55.8 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -30% | 35% | 17% | -53% | 179% | 309% | 62% | -53% | -22% | 10% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-to-1 reverse split · 7 Oct 2015
- 6-for-1 split · 12 Jun 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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