C 
9.85
+9.44%
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
−$105.0m
FY2016FY2025
Free cash flow
−$72.7m
FY2016FY2025
Shareholders' equity
$305.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $22.3m | $25.2m | $2.6m | $244,898 | $310,250 | $1.0m | $1.7m | $1.4m | $3.2m |
| Research and development | $84.5m | $50.0m | $36.4m | $21.8m | $13.6m | $8.5m | $5.1m | $12.1m | $10.8m | $16.0m |
| Operating income | −$108.1m | −$42.6m | −$24.1m | −$29.7m | −$20.9m | −$13.7m | −$7.7m | −$15.3m | −$12.9m | −$18.5m |
| Net income | −$105.0m | −$40.5m | −$22.3m | −$29.0m | −$20.0m | −$13.7m | −$7.6m | −$15.2m | $2.4m | −$18.8m |
| Diluted earnings per share | -2.15 | -1.15 | -0.83 | -1.15 | -0.83 | -0.67 | -1.76 | -4.89 | 0.83 | -8.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $355.9m | $170.5m | $58.7m | $50.1m | $41.3m | $34.6m | $11.1m | $9.2m | $16.3m | $18.7m |
| Cash and short-term investments | $318.1m | $151.5m | $39.5m | $41.4m | $34.9m | $32.7m | $9.9m | $7.3m | $14.1m | $16.2m |
| Total liabilities | $50.2m | $25.0m | $36.1m | $38.3m | $10.0m | $6.4m | $4.3m | $4.6m | $5.0m | $22.8m |
| Debt | $3.6m | $3.4m | $3.4m | $3.4m | $3.4m | $3.7m | $3.4m | $3.4m | $3.4m | $17.0m |
| Shareholders' equity | $305.8m | $145.5m | $22.6m | $11.8m | $31.4m | $28.2m | $6.8m | $4.6m | $11.2m | −$4.0m |
| Shares outstanding | 49m | 35m | 27m | 25m | 24m | 20m | 4m | 3m | 3m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$69.8m | −$40.0m | −$25.6m | $4.9m | −$16.8m | −$10.1m | −$6.8m | −$13.9m | −$14.2m | −$15.8m |
| Capital spending | −$2.9m | −$1.5m | −$2.0m | −$3.4m | −$1.2m | −$547,601 | −$547,601 | −$316,486 | −$32,185 | −$193,739 |
| Free cash flow | −$72.7m | −$41.5m | −$27.6m | $1.6m | −$18.0m | −$10.6m | −$7.4m | −$14.2m | −$14.3m | −$16.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $11.1m | $2.3m |
| Operating income | −$42.9m | −$36.8m | −$29.2m | −$26.3m | −$27.7m | −$25.0m | −$7.7m | −$13.0m |
| Net income | −$40.73bn | −$33.9m | −$30.2m | −$24.6m | −$25.9m | −$24.4m | −$7.1m | −$12.6m |
| Diluted earnings per share | -703.20 | -0.59 | -0.62 | -0.50 | -0.53 | -0.50 | -0.20 | -0.36 |
| Cash from operations | — | −$29.0m | −$23.0m | −$19.0m | −$20.0m | −$6.0m | −$14.0m | −$11.0m |
| Capital spending | — | −$10.0m | −$5.0m | −$4.0m | −$1.0m | −$1.0m | — | — |
| Free cash flow | — | −$39.0m | −$28.0m | −$23.0m | −$21.0m | −$7.0m | — | — |
| Total assets | $368.7m | $326.3m | $355.9m | $126.4m | $133.6m | $153.8m | $170.5m | $93.0m |
| Cash and short-term investments | $237.9m | $278.6m | $318.1m | $98.6m | $122.8m | $144.8m | $151.5m | $85.0m |
| Debt | $1.5m | $7.2m | $3.6m | $3.5m | $4.2m | $842,101 | $834,799 | $813,634 |
| Shareholders' equity | $246.2m | $278.7m | $305.8m | $83.9m | $105.0m | $127.6m | $145.5m | $68.3m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -181.7% | -88.5% | -1137.4% | -8175.9% | -4412.6% | -769.5% | — | — | — |
| Net margin | — | -181.7% | -88.5% | -1137.4% | -8175.9% | -4401.9% | -760.4% | — | — | — |
| Return on equity | -34.4% | -27.8% | -98.6% | -246.2% | -63.8% | -48.4% | — | — | — | — |
| Return on assets | -29.5% | -23.7% | -37.9% | -57.9% | -48.4% | -39.4% | — | — | — | — |
| Free cash flow yield | -16.6% | -13.3% | -10.7% | 4.0% | -7.8% | -5.7% | — | — | — | — |
| Revenue growth | — | -11.5% | 886.8% | 941.8% | -21.1% | -69.1% | -39.9% | — | — | — |
| Earnings growth | 159.6% | 81.6% | -23.2% | 44.9% | 46.6% | 78.7% | — | — | — | — |
| Current ratio | 9.01x | 7.77x | 1.63x | 1.82x | 8.82x | 11.33x | — | — | — | — |
| Debt to equity | 0.01x | 0.01x | 0.03x | 0.34x | 0.12x | 0.01x | — | — | — | — |
| Equity ratio | 85.9% | 85.3% | 38.5% | 23.5% | 75.9% | 81.5% | — | — | — | — |
| Interest coverage | -33.49x | — | — | -17.09x | -19.29x | — | — | -32.25x | -49.26x | -50.73x |
| R&D as a share of sales | — | 224.4% | 144.8% | 855.1% | 5541.5% | 2725.9% | 511.6% | — | — | — |
| Buybacks as a share of market value | -38.7% | -31.5% | -6.4% | -4.2% | -18.5% | -369.7% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 53.8% | 51.2% | 24.0% |
| Net income | 53.5% | 50.4% | 23.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.7 | -2.5 | -1.2 | -0.4 | -0.4 | -0.6 | -0.1 | -0.1 | 2.3 | -0.1 |
| Price to sales | — | 4.5 | 1.1 | 4.6 | 34.6 | 27.0 | 0.7 | 0.9 | 4.1 | 0.8 |
Market value over time
30 Dec 2016 to 3 Nov 2026, in USD
$53.2m$477.3m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 109% | 196% | 109% | 7% | -19% | 281% | -80% | -66% | 59% | -15% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 5 Jun 2019
- 50-to-1 reverse split · 21 Nov 2013
- 10-to-1 reverse split · 9 Feb 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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