B 
2.45
+10.36%
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
$127.7m
FY2018FY2025
Net income
−$293.9m
FY2018FY2025
Free cash flow
−$46.3m
FY2018FY2025
Shareholders' equity
$611.9m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $127.7m | $158.2m | $155.2m | $155.0m | $145.6m | $91.3m | $73.6m | $49.4m |
| Gross profit | $28.5m | $45.2m | $40.6m | $43.0m | $34.1m | $21.7m | $17.5m | $11.7m |
| Research and development | $16.8m | $10.9m | $5.0m | $8.4m | $6.0m | $615,000 | $110,000 | — |
| Operating income | −$83.4m | −$270.2m | −$30.2m | −$110.5m | −$78.5m | −$4.6m | $6.4m | $3.9m |
| Net income | −$293.9m | −$295.5m | −$70.7m | −$111.4m | −$123.6m | −$2.5m | $6.2m | $3.9m |
| Diluted earnings per share | -0.67 | -1.18 | -0.45 | -0.95 | -1.10 | -0.02 | 0.06 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $894.5m | $343.8m | $199.9m | $195.3m | $383.3m | $218.4m | $15.9m | — |
| Cash and short-term investments | $87.1m | $50.1m | $32.6m | $12.6m | $68.9m | $9.7m | $1.6m | — |
| Total liabilities | $282.7m | $347.5m | $267.2m | $233.2m | $261.0m | $118.0m | $4.3m | — |
| Debt | $108.1m | $136.0m | $196.0m | $194.4m | $194.6m | $100,000 | — | — |
| Shareholders' equity | $611.9m | −$3.7m | −$67.3m | −$37.9m | $122.4m | $100.4m | $11.7m | — |
| Shares outstanding | 437m | 251m | 157m | 117m | 113m | 136m | 105m | 105m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$42.0m | −$38.1m | −$18.3m | −$48.9m | −$19.8m | $1.2m | $4.1m | $1.9m |
| Capital spending | −$4.4m | −$11.1m | −$3.8m | −$769,000 | −$645,000 | −$276,000 | −$18,000 | −$60,000 |
| Free cash flow | −$46.3m | −$49.2m | −$22.1m | −$49.7m | −$20.4m | $922,000 | $4.1m | $1.8m |
| Dividends paid | — | — | −$1.2m | — | — | −$9.8m | −$839,000 | −$2.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $36.7m | $34.4m | $27.3m | $33.1m | $32.5m | $34.8m | $43.8m | $41.5m |
| Gross profit | $12.1m | $11.7m | $5.5m | $7.4m | $8.1m | $7.4m | $16.4m | $10.8m |
| Operating income | −$27.4m | −$23.0m | −$24.3m | $7.1m | −$224.2m | −$56.8m | −$8.1m | −$8.6m |
| Net income | −$25.7m | −$56.8m | −$5.8m | $2.5m | −$228.6m | −$62.0m | −$146.5m | −$12.2m |
| Diluted earnings per share | -0.05 | -0.12 | -0.01 | 0.01 | -0.52 | -0.14 | -0.58 | -0.05 |
| Cash from operations | −$22.0m | −$18.0m | −$21.0m | −$9.0m | −$3.0m | −$6.0m | −$14.0m | −$1.0m |
| Capital spending | — | — | — | −$1.0m | −$1.0m | −$1.0m | −$3.0m | −$4.0m |
| Free cash flow | — | — | — | −$10.0m | −$4.0m | −$7.0m | −$17.0m | −$5.0m |
| Total assets | $841.3m | $861.7m | $894.5m | $919.8m | $599.4m | $396.3m | $343.8m | $354.1m |
| Cash and short-term investments | $36.3m | $100.7m | $87.1m | $586.7m | $390.8m | $107.6m | $50.1m | $65.6m |
| Debt | $17.5m | $17.6m | $108.1m | $105.9m | $104.1m | $102.5m | $137.3m | $196.8m |
| Shareholders' equity | $770.3m | $790.4m | $611.9m | $610.0m | $266.6m | $197.8m | −$3.7m | $98.4m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 22.3% | 28.6% | 26.2% | 27.7% | 23.4% | 23.7% | — |
| Operating margin | -216.0% | -170.7% | -19.5% | -36.1% | -53.9% | 6.1% | — |
| Net margin | -230.2% | -186.8% | -45.5% | -71.8% | -84.9% | -2.8% | — |
| Return on equity | -48.0% | 7957.6% | 104.9% | 294.1% | -101.0% | -2.5% | — |
| Return on assets | -32.9% | -86.0% | -35.3% | -57.0% | -32.2% | -1.2% | — |
| Free cash flow yield | -3.3% | -4.1% | -3.6% | -15.8% | -6.5% | 0.4% | — |
| Revenue growth | -19.3% | 2.0% | 0.1% | 6.5% | 59.4% | 24.0% | — |
| Earnings growth | -0.6% | 318.3% | -36.6% | -9.9% | 4747.1% | -140.8% | — |
| Current ratio | 1.78x | 0.46x | 0.93x | 1.52x | 2.94x | 2.85x | — |
| Debt to equity | 0.18x | -36.97x | -2.91x | -5.15x | 1.59x | 1.07x | — |
| Equity ratio | 68.4% | -1.1% | -33.7% | -19.4% | 31.9% | 46.0% | — |
| Interest coverage | -15.22x | -10.53x | -2.13x | -3.87x | -10.11x | — | 50.25x |
| R&D as a share of sales | 13.1% | 6.9% | 3.2% | 5.4% | 4.1% | 0.7% | — |
| Buybacks as a share of market value | -74.3% | -59.8% | -34.0% | -4.0% | 17.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.3% | 6.9% | — |
| Operating income | -9.0% | 78.8% | — |
| Net income | 38.2% | 158.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.8% | 26.4% | 25.6% | — |
| Operating margin | -123.7% | -82.9% | -69.3% | — |
| Net margin | -206.2% | -129.4% | -107.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -8.0 | -3.8 | -4.8 | -0.7 | -3.1 |
| Price to sales | 18.5 | 7.0 | 2.2 | 0.5 | 2.6 |
Market value over time
30 Apr 2021 to 30 Oct 2026, in USD
$1.02bn$1.25bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 80% | 76% | 124% | -84% | -18% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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