B 
6.43
-1.68%
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
$7.7m
FY2018FY2025
Net income
−$33.4m
FY2018FY2025
Free cash flow
−$39.9m
FY2018FY2025
Shareholders' equity
$26.5m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7m | $7.7m | $7.9m | $5.7m | $1.3m | $231,000 | $215,000 | — |
| Research and development | $28.5m | $57.5m | $61.5m | $73.1m | $75.7m | $40.4m | $26.0m | $9.4m |
| Operating income | −$34.6m | −$73.0m | −$76.2m | −$90.3m | −$92.8m | −$49.2m | −$31.0m | −$11.6m |
| Net income | −$33.4m | −$63.1m | −$69.2m | −$88.1m | −$98.6m | −$60.7m | −$30.5m | −$11.6m |
| Diluted earnings per share | -17.85 | -32.97 | -36.48 | -46.92 | -52.91 | -38.14 | -43.58 | -6.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $56.7m | $99.6m | $159.8m | $227.8m | $307.7m | $46.5m | $48.4m | $16.0m |
| Cash and short-term investments | $27.5m | $47.3m | $102.2m | $168.9m | $186.2m | $22.8m | $34.8m | $13.6m |
| Total liabilities | $30.2m | $42.4m | $47.0m | $56.3m | $57.6m | $151.5m | $94.3m | $31.9m |
| Debt | $23.0m | $25.2m | $20.2m | $22.6m | $24.4m | $10.9m | $10.2m | $40,000 |
| Shareholders' equity | $26.5m | $57.2m | $112.7m | $171.5m | $250.1m | −$104.9m | −$45.8m | −$15.9m |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 1m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$39.9m | −$61.3m | −$69.5m | −$76.5m | −$57.1m | −$47.3m | −$26.3m | −$9.9m |
| Capital spending | −$72,000 | −$41,000 | −$206,000 | −$2.0m | −$2.3m | −$3.3m | −$508,000 | −$290,000 |
| Free cash flow | −$39.9m | −$61.3m | −$69.7m | −$78.5m | −$59.4m | −$50.6m | −$26.9m | −$10.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5,000 | $26,000 | $2.5m | $2.2m | $1.8m | $1.2m | $24.1m | $1.1m |
| Operating income | −$8.4m | −$7.6m | −$5.6m | −$7.7m | −$9.2m | −$12.1m | −$15.7m | −$16.4m |
| Net income | −$7.7m | −$7.2m | −$6.6m | −$7.1m | −$8.6m | −$11.0m | −$15.9m | −$15.2m |
| Diluted earnings per share | -4.57 | -4.29 | -3.55 | -3.82 | -4.58 | -5.90 | -8.32 | -7.93 |
| Cash from operations | −$6.0m | −$8.0m | −$7.0m | −$9.0m | −$9.0m | −$13.0m | −$14.0m | −$13.0m |
| Capital spending | — | −$8.0m | — | — | — | — | — | — |
| Free cash flow | — | −$16.0m | — | — | — | — | — | — |
| Total assets | $40.3m | $48.0m | $56.7m | $65.1m | $75.5m | $85.9m | $99.6m | $109.3m |
| Cash and short-term investments | $17.6m | $22.9m | $27.5m | $31.9m | $34.8m | $38.8m | $47.3m | $53.8m |
| Debt | $3.1m | $3.0m | $2.8m | $2.7m | $2.6m | $2.4m | $2.3m | $2.8m |
| Shareholders' equity | $12.6m | $19.8m | $26.5m | $32.1m | $38.8m | $46.8m | $57.2m | $72.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.3% | 101.6% | — |
| Operating income | -27.4% | -6.8% | — |
| Net income | -27.6% | -11.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -699.9% | -945.8% | -1365.3% | — |
| Net margin | -627.2% | -875.4% | -1355.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -0.3 | -0.3 | -0.4 | -0.3 | -1.2 |
| Price to sales | 1.3 | 2.7 | 3.4 | 5.4 | 91.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -49% | -20% | -24% | -72% | -67% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 9 Jun 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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