B 
6.67
+4.71%
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
$97.6m
FY2018FY2025
Net income
−$77.1m
FY2018FY2025
Free cash flow
−$16.0m
FY2018FY2025
Shareholders' equity
$196.0m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $97.6m | $82.1m | $65.9m | $73.4m | $62.6m | $46.3m | $27.6m | $1.5m |
| Research and development | $36.3m | $37.8m | $55.6m | $88.0m | $74.5m | $49.7m | $48.9m | $35.0m |
| Operating income | −$86.4m | −$74.4m | −$145.6m | −$193.0m | −$192.7m | −$161.8m | −$102.3m | −$53.1m |
| Net income | −$77.1m | −$72.5m | −$133.7m | −$168.7m | −$32.4m | −$162.7m | −$99.6m | −$50.8m |
| Diluted earnings per share | -0.30 | -0.34 | -0.65 | -0.84 | -0.16 | -26.48 | -17.54 | -9.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $296.5m | $256.1m | $304.3m | $417.6m | $572.0m | $147.2m | $165.1m | $248.1m |
| Cash and short-term investments | $150.5m | $88.8m | $134.6m | $237.8m | $422.8m | $60.2m | $90.0m | $214.6m |
| Total liabilities | $100.6m | $87.3m | $84.2m | $92.2m | $124.3m | $148.2m | $15.3m | $6.0m |
| Debt | $2.7m | — | — | — | — | — | — | — |
| Shareholders' equity | $196.0m | $168.8m | $220.1m | $325.4m | $447.7m | −$993,999 | $148.7m | $242.0m |
| Shares outstanding | 253m | 212m | 207m | 201m | 198m | 6m | 6m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$12.7m | −$41.7m | −$98.8m | −$169.1m | −$189.2m | −$81.7m | −$120.4m | −$69.6m |
| Capital spending | −$3.3m | −$2.7m | −$5.8m | −$18.3m | −$7.9m | −$2.4m | −$4.5m | −$1.1m |
| Free cash flow | −$16.0m | −$44.4m | −$104.6m | −$187.4m | −$197.1m | −$84.1m | −$124.9m | −$70.7m |
| Dividends paid | — | — | — | — | — | −$56.4m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.0m | $26.5m | $31.5m | $21.5m | $23.4m | $21.2m | $22.4m | $20.6m |
| Operating income | −$13.7m | −$13.5m | −$19.5m | −$32.4m | −$16.1m | −$18.5m | −$17.3m | −$17.2m |
| Net income | −$12.9m | −$12.7m | −$15.3m | −$34.0m | −$13.8m | −$14.0m | −$18.1m | −$16.9m |
| Diluted earnings per share | -0.05 | -0.05 | -0.06 | -0.13 | -0.05 | -0.06 | -0.09 | -0.08 |
| Cash from operations | −$24.0m | −$13.0m | $9.0m | −$2.0m | −$7.0m | −$11.0m | −$3.0m | −$7.0m |
| Capital spending | — | — | −$1.0m | −$1.0m | — | — | — | — |
| Free cash flow | — | — | $8.0m | −$3.0m | — | — | — | — |
| Total assets | $283.0m | $285.9m | $296.5m | $290.0m | $313.3m | $318.4m | $256.1m | $265.3m |
| Cash and short-term investments | $124.7m | $138.0m | $150.5m | $144.2m | $148.1m | $155.2m | $88.8m | $93.8m |
| Debt | $2.8m | $2.7m | $2.7m | $2.6m | $2.6m | $2.5m | $2.4m | $2.4m |
| Shareholders' equity | $189.4m | $191.2m | $196.0m | $203.8m | $232.8m | $239.7m | $168.8m | $181.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.0% | 16.1% | — |
| Operating income | -23.5% | -11.8% | — |
| Net income | -23.0% | -13.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -89.5% | -156.6% | -199.6% | — |
| Net margin | -83.2% | -141.7% | -151.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -12.5 | -9.1 | -1.7 | -2.9 | -40.9 | -0.8 |
| Price to sales | 9.8 | 8.1 | 3.4 | 6.7 | 21.2 | 2.6 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 11% | 197% | -54% | -68% | -53% | 51% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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