C 
1.15
-2.54%
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
$3.6m
FY2016FY2025
Net income
−$127.1m
FY2016FY2025
Free cash flow
−$51.2m
FY2016FY2025
Shareholders' equity
$21.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6m | $4.3m | $1.8m | $157,000 | $26.0m | $23.9m | $7.3m | $236,000 | $508,000 | $399,000 |
| Research and development | $44.2m | $50.4m | $42.4m | $11.6m | $11.3m | $11.1m | $12.2m | $9.8m | $11.6m | $5.6m |
| Operating income | −$67.5m | −$77.0m | −$319.3m | −$22.4m | −$29.3m | −$44.0m | −$39.7m | −$28.1m | −$25.8m | −$12.1m |
| Net income | −$127.1m | −$251.4m | −$267.6m | −$16.9m | −$29.2m | −$44.8m | −$39.6m | −$27.9m | −$26.0m | −$12.1m |
| Diluted earnings per share | -2.39 | -9.47 | -15.52 | -1.46 | -1.91 | -3.09 | -3.01 | -2.14 | -2.34 | -1.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $305.0m | $350.1m | $544.4m | $22.4m | $37.2m | $63.3m | $88.1m | $118.8m | $72.2m | $16.6m |
| Cash and short-term investments | $9.9m | $14.4m | $32.7m | $3.4m | $13.8m | $29.0m | $58.6m | $93.8m | $56.7m | $5.0m |
| Total liabilities | $283.2m | $252.2m | $206.1m | $15.2m | $23.1m | $26.5m | $25.6m | $25.4m | $14.7m | $3.5m |
| Debt | $3.3m | $200.2m | $166.9m | $100,000 | $17.9m | $19.8m | $18.6m | $18.5m | $10.1m | — |
| Shareholders' equity | $21.8m | $97.8m | $338.3m | $7.2m | $14.1m | $36.9m | $62.5m | $93.4m | $57.5m | $13.1m |
| Shares outstanding | 53m | 27m | 17m | 12m | 15m | 15m | 13m | 13m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$50.6m | −$58.0m | −$46.2m | −$19.4m | −$18.8m | −$43.7m | −$32.0m | −$20.3m | −$12.8m | −$9.2m |
| Capital spending | −$578,000 | −$808,000 | −$4.3m | −$1.5m | −$497,000 | −$1.8m | −$3.0m | −$1.8m | −$779,000 | −$10.4m |
| Free cash flow | −$51.2m | −$58.9m | −$50.5m | −$20.9m | −$19.3m | −$45.5m | −$34.9m | −$22.1m | −$13.6m | −$19.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $994,000 | $1.7m | $1.1m | $615,000 | $933,000 | $1.0m | $1.2m | $1.4m |
| Operating income | −$12.9m | −$12.1m | −$22.5m | −$15.4m | −$18.0m | −$41.0m | −$17.7m | −$192.6m |
| Net income | −$22.1m | −$21.2m | −$31.3m | −$23.5m | −$25.4m | −$46.9m | −$23.1m | −$180.0m |
| Diluted earnings per share | -0.29 | -0.28 | -0.59 | -0.44 | -0.48 | -0.88 | -0.87 | -6.78 |
| Cash from operations | −$9.0m | −$11.0m | −$13.0m | −$11.0m | −$13.0m | −$11.0m | −$13.0m | −$13.0m |
| Total assets | $313.4m | $324.2m | $305.0m | $330.2m | $346.2m | $335.0m | $350.1m | $367.9m |
| Cash and short-term investments | $20.4m | $30.3m | $9.9m | $23.9m | $36.5m | $23.6m | $14.4m | $28.8m |
| Debt | $3.7m | $3.0m | $3.3m | $3.5m | $4.3m | $5.1m | $5.1m | $4.9m |
| Shareholders' equity | $14.8m | $35.5m | $21.8m | $50.4m | $72.1m | $70.3m | $92.2m | $108.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 185.1% | -31.3% | 11.1% |
| Operating income | 44.5% | 8.9% | 27.8% |
| Net income | 96.0% | 23.2% | 36.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1828.0% | -4922.3% | -936.8% | -966.3% |
| Net margin | -4790.2% | -6713.8% | -1234.3% | -1222.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.7 | -0.3 | -1.3 | -5.1 | -55.8 | -68.3 | -116.6 | -242.2 | -470.9 |
| Price to sales | 25.4 | 17.3 | 186.4 | — | 62.8 | 128.4 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | -54% | -80% | 98% | -93% | -49% | -35% | -36% | -54% | 113% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 1 Jun 2023
- 10-to-1 reverse split · 25 Apr 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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