C 
3.15
+1.61%
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
$35.9m
FY2018FY2025
Net income
−$105.0m
FY2018FY2025
Free cash flow
−$99.3m
FY2018FY2025
Shareholders' equity
$256.6m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.9m | $35.6m | $20.8m | $31.1m | $45.8m | $33.2m | $21.4m | $19.4m |
| Research and development | $104.2m | $110.6m | $117.7m | $117.8m | $94.7m | $78.4m | $48.1m | $28.6m |
| Operating income | −$104.5m | −$119.6m | −$139.0m | −$129.5m | −$82.1m | −$64.9m | −$35.5m | −$16.4m |
| Net income | −$105.0m | −$105.3m | −$132.5m | −$128.2m | −$83.9m | −$66.3m | −$34.1m | −$15.7m |
| Diluted earnings per share | -0.90 | -1.49 | -2.59 | -2.62 | -1.73 | -1.63 | -1.98 | -0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $359.1m | $349.6m | $376.5m | $430.8m | $506.8m | $400.1m | $118.3m | $146.5m |
| Cash and short-term investments | $248.5m | $244.9m | $253.7m | $276.2m | $309.3m | $371.7m | $90.5m | $36.3m |
| Total liabilities | $102.5m | $133.6m | $130.3m | $141.6m | $117.2m | $119.3m | $230.2m | $226.2m |
| Debt | $6.4m | — | — | $11.5m | $10.8m | $10.1m | — | — |
| Shareholders' equity | $256.6m | $216.0m | $246.1m | $289.2m | $389.6m | $280.8m | −$112.0m | −$79.8m |
| Shares outstanding | 117m | 71m | 51m | 49m | 48m | 41m | 17m | 42m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$98.7m | −$65.2m | −$106.8m | −$105.9m | −$87.0m | −$67.2m | $55.6m | −$17.0m |
| Capital spending | −$607,000 | −$180,000 | −$1.7m | −$5.5m | −$1.3m | −$650,000 | −$1.3m | −$2.7m |
| Free cash flow | −$99.3m | −$65.3m | −$108.5m | −$111.4m | −$88.2m | −$67.9m | $54.3m | −$19.7m |
| Dividends paid | — | — | — | — | — | −$12.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.6m | $6.2m | $11.0m | $11.2m | $6.5m | $7.2m | $5.2m | $15.4m |
| Operating income | −$26.4m | −$27.8m | −$23.1m | −$34.4m | −$28.5m | −$29.2m | −$37.7m | −$28.2m |
| Net income | −$23.6m | −$25.1m | −$20.5m | −$32.2m | −$26.0m | −$26.3m | −$34.6m | −$24.7m |
| Diluted earnings per share | -0.18 | -0.19 | -0.18 | -0.28 | -0.22 | -0.23 | -0.49 | -0.35 |
| Cash from operations | −$1.0m | −$29.0m | −$22.0m | −$31.0m | −$12.0m | −$33.0m | −$17.0m | −$24.0m |
| Total assets | $359.4m | $328.9m | $359.1m | $265.5m | $296.5m | $319.5m | $349.6m | $376.1m |
| Cash and short-term investments | $253.7m | $235.7m | $248.5m | $191.9m | $214.6m | $215.1m | $244.9m | $255.6m |
| Debt | $6.7m | $6.5m | $6.4m | $6.2m | $6.1m | $5.9m | $5.8m | $5.6m |
| Shareholders' equity | $247.3m | $234.2m | $256.6m | $154.4m | $174.1m | $195.1m | $216.0m | $242.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.6% | 2.4% | — |
| Operating income | -6.9% | 10.0% | — |
| Net income | -6.4% | 9.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -313.3% | -399.3% | -316.1% | — |
| Net margin | -294.0% | -381.7% | -307.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -2.1 | -2.4 | -2.2 | -2.3 | -9.2 | -10.1 |
| Price to sales | 6.2 | 7.1 | 15.4 | 10.0 | 17.7 | 20.9 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -45% | -19% | -28% | -59% | -0% | 24% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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