A 
133.96
+1.20%
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
$638.5m
FY2016FY2025
Net income
−$183.2m
FY2016FY2025
Free cash flow
−$93.9m
FY2016FY2025
Shareholders' equity
$88.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $638.5m | $385.7m | $270.6m | $50.0m | $8.8m | — | — | — | — | — |
| Gross profit | $591.0m | $352.4m | $244.5m | $44.8m | −$1.2m | −$77,718 | −$37,330 | −$48,935 | −$42,557 | −$20,484 |
| Research and development | $183.3m | $187.1m | $97.9m | $57.9m | $58.1m | $70.2m | $53.6m | $23.5m | $20.0m | $21.2m |
| Operating income | −$177.1m | −$280.6m | −$231.8m | −$179.8m | −$124.7m | −$99.1m | −$67.2m | −$32.8m | −$27.6m | −$27.5m |
| Net income | −$183.2m | −$287.2m | −$239.2m | −$187.1m | −$134.9m | −$102.9m | −$68.3m | −$31.0m | −$28.9m | −$27.2m |
| Diluted earnings per share | -3.62 | -5.92 | -5.05 | -4.31 | -3.57 | -2.75 | -1.97 | -1.04 | -1.19 | -1.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $689.8m | $568.5m | $588.2m | $331.5m | $87.8m | $186.1m | $220.5m | $15.4m | $35.6m | $38.2m |
| Cash and short-term investments | $322.9m | $315.4m | $386.2m | $200.8m | $86.5m | $183.9m | $220.0m | $14.0m | $34.0m | $36.6m |
| Total liabilities | $601.5m | $511.5m | $397.3m | $221.9m | $72.2m | $72.3m | $41.8m | $14.4m | $18.8m | $16.6m |
| Debt | $190.7m | $185.0m | $178.0m | $94.3m | $49.1m | $48.3m | $19.9m | $6.9m | $9.9m | $9.7m |
| Shareholders' equity | $88.3m | $57.0m | $191.0m | $109.6m | $15.6m | $113.8m | $178.7m | $937,921 | $16.7m | $21.6m |
| Shares outstanding | 51m | 49m | 47m | 43m | 38m | 37m | 35m | 30m | 24m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$93.4m | −$128.4m | −$145.1m | −$116.5m | −$108.2m | −$78.5m | −$46.4m | −$30.1m | −$26.5m | −$21.3m |
| Capital spending | −$480,000 | −$270,000 | −$582,000 | −$702,000 | −$308,000 | −$45,891 | −$16,121 | −$32,696 | −$9,898 | −$104,561 |
| Free cash flow | −$93.9m | −$128.7m | −$145.7m | −$117.2m | −$108.5m | −$78.5m | −$46.4m | −$30.1m | −$26.5m | −$21.4m |
| Dividends paid | — | — | — | −$44.0m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $218.4m | $191.2m | $196.0m | $171.0m | $150.0m | $121.5m | $118.8m | $104.8m |
| Gross profit | $204.8m | $176.5m | $183.7m | $159.1m | $136.6m | $111.7m | $108.3m | $96.3m |
| Operating income | −$49.6m | −$63.4m | −$29.4m | −$46.1m | −$44.8m | −$57.0m | −$72.6m | −$62.6m |
| Net income | −$51.3m | −$64.5m | −$28.6m | −$47.2m | −$48.0m | −$59.4m | −$74.9m | −$64.6m |
| Diluted earnings per share | -1.00 | -1.25 | -0.56 | -0.93 | -0.95 | -1.17 | -1.54 | -1.33 |
| Cash from operations | −$32.0m | −$20.0m | −$18.0m | $1.0m | −$32.0m | −$43.0m | −$26.0m | −$18.0m |
| Total assets | $761.4m | $713.6m | $689.8m | $669.3m | $639.8m | $596.7m | $568.5m | $561.5m |
| Cash and short-term investments | $319.9m | $305.1m | $322.9m | $325.3m | $303.0m | $300.9m | $315.4m | $327.3m |
| Debt | $70.6m | $191.7m | $190.7m | $190.9m | $189.9m | $183.6m | $184.0m | $182.9m |
| Shareholders' equity | $83.3m | $54.6m | $88.3m | $73.7m | $73.1m | $53.2m | $57.0m | $92.9m |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 92.6% | 91.4% | 90.4% | 89.6% | -13.1% | — |
| Operating margin | -27.7% | -72.7% | -85.7% | -359.3% | -1413.9% | — |
| Net margin | -28.7% | -74.5% | -88.4% | -374.0% | -1530.0% | — |
| Return on equity | -207.5% | -503.8% | -125.3% | -170.8% | -863.3% | -90.4% |
| Return on assets | -26.6% | -50.5% | -40.7% | -56.5% | -153.7% | -55.3% |
| Free cash flow yield | -1.1% | -1.5% | -1.8% | -1.5% | -1.6% | -1.2% |
| Revenue growth | 65.5% | 42.5% | 440.8% | 467.3% | — | — |
| Earnings growth | -36.2% | 20.1% | 27.8% | 38.7% | 31.1% | 50.6% |
| Current ratio | 1.55x | 2.11x | 3.63x | 2.54x | 3.75x | 7.85x |
| Debt to equity | 2.16x | 3.23x | 0.94x | 0.86x | 3.18x | 0.44x |
| Equity ratio | 12.8% | 10.0% | 32.5% | 33.1% | 17.8% | 61.1% |
| Interest coverage | -27.02x | -42.71x | -35.93x | -24.51x | -21.89x | -39.12x |
| R&D as a share of sales | 28.7% | 48.5% | 36.2% | 115.8% | 658.3% | — |
| Buybacks as a share of market value | -4.3% | -2.6% | -8.9% | -15.0% | -1.1% | -7.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 133.7% | — | — |
| Operating income | -0.5% | 12.3% | 34.4% |
| Net income | -0.7% | 12.2% | 31.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 92.1% | 91.7% | — | — |
| Operating margin | -44.7% | -64.6% | — | — |
| Net margin | -45.9% | -66.7% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -50.5 | -14.3 | -15.8 | -17.9 | -10.6 | -15.8 | -28.1 | -1.5 | -1.6 | -1.6 |
| Price to sales | 14.5 | 10.7 | 13.9 | 67.0 | 161.8 | — | — | — | — | — |
Market value over time
30 Nov 2016 to 6 Oct 2026, in USD
$124.5m$8.98bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 62% | 23% | -3% | 111% | -18% | -18% | 4354% | -26% | -28% | -45% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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