C 
0.82
+6.18%
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
$42.2m
FY2016FY2025
Net income
−$170.3m
FY2016FY2025
Free cash flow
−$138.5m
FY2016FY2025
Shareholders' equity
$61.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.2m | $267.0m | $257.2m | $211.0m | $326.6m | $475.8m | $356.1m | $1.6m | $1.6m | $190.1m |
| Research and development | $105.0m | $93.3m | $109.4m | $199.4m | $363.1m | $142.8m | $94.2m | $110.2m | $162.4m | $254.4m |
| Operating income | −$174.1m | $55.7m | −$197.7m | −$259.3m | −$264.1m | $156.3m | $107.8m | −$207.7m | −$228.7m | −$119.8m |
| Net income | −$170.3m | $28.5m | −$237.9m | −$291.8m | −$287.1m | $132.2m | $89.8m | −$209.3m | −$238.2m | −$127.3m |
| Diluted earnings per share | -1.41 | 0.25 | -2.13 | -3.74 | -3.74 | 1.51 | 1.15 | -3.07 | -4.08 | -2.87 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $258.3m | $448.5m | $629.6m | $480.8m | $679.3m | $841.6m | $408.9m | $99.5m | $162.6m | $178.5m |
| Cash and short-term investments | $172.1m | $126.0m | $117.7m | $191.7m | $417.2m | $541.2m | $177.7m | $72.4m | $126.9m | $124.9m |
| Total liabilities | $197.3m | $580.5m | $823.0m | $618.3m | $581.6m | $560.7m | $303.7m | $138.1m | $132.1m | $159.1m |
| Debt | $38.9m | $293.7m | $474.4m | $473.7m | $409.5m | $405.5m | $178.4m | $103.1m | $101.6m | $100.3m |
| Shareholders' equity | $61.0m | −$132.0m | −$193.4m | −$137.4m | $97.7m | $281.0m | $105.2m | −$38.6m | $30.5m | $19.4m |
| Shares outstanding | 120m | 115m | 111m | 78m | 77m | 88m | 78m | 68m | 58m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$138.5m | −$20.4m | −$174.9m | −$241.1m | −$37.4m | $154.1m | $28.4m | −$159.3m | −$200.3m | −$252.5m |
| Capital spending | — | — | −$286,000 | −$2.0m | −$1.3m | −$7.2m | −$12.9m | −$789,000 | −$4.6m | −$6.5m |
| Free cash flow | −$138.5m | −$20.4m | −$175.2m | −$243.2m | −$38.7m | $146.9m | $15.5m | −$160.1m | −$204.9m | −$259.1m |
| Dividends paid | — | — | — | −$3.7m | −$1.8m | −$20.3m | −$72.1m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.3m | $12.3m | $12.7m | $11.6m | $10.3m | $7.6m | $54.1m | $70.8m |
| Operating income | −$31.0m | −$34.7m | −$44.1m | −$42.2m | −$45.5m | −$45.2m | −$45.3m | −$6.4m |
| Net income | −$20.6m | −$37.9m | −$37.3m | −$35.1m | −$41.3m | −$56.6m | −$50.7m | −$10.8m |
| Diluted earnings per share | -0.13 | -0.25 | -0.31 | -0.29 | -0.34 | -0.47 | -0.44 | -0.09 |
| Cash from operations | −$119.0m | −$57.0m | −$19.0m | −$46.0m | −$46.0m | −$25.0m | $28.0m | −$62.0m |
| Total assets | $191.2m | $266.0m | $258.3m | $516.5m | $439.5m | $371.1m | $448.5m | $505.0m |
| Cash and short-term investments | $105.3m | $167.0m | $172.1m | $191.7m | $237.6m | $82.4m | $126.0m | $97.7m |
| Debt | $37.2m | $39.0m | $38.9m | $38.7m | $38.6m | $267.1m | $266.6m | $266.1m |
| Shareholders' equity | $60.8m | $78.6m | $61.0m | $87.8m | $119.8m | −$183.5m | −$132.0m | −$88.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -41.5% | -38.4% | 3.5% |
| Operating income | -12.4% | — | -2.3% |
| Net income | -16.4% | — | -2.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -38.3% | -74.0% | -43.3% | -62.6% |
| Net margin | -45.9% | -86.4% | -52.3% | -71.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.0 | 5.6 | -1.6 | -2.1 | -4.3 | 11.5 | 15.7 | -2.9 | -2.2 | -9.8 |
| Price to sales | 4.0 | 0.6 | 1.4 | 2.9 | 3.8 | 3.2 | 4.0 | 396.0 | 330.0 | 6.6 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -13% | -26% | -70% | -59% | 0% | -6% | 95% | -1% | -66% | 32% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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