C 
11.35
+7.69%
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.
Net income
−$15.3m
FY2016FY2025
Free cash flow
−$33.0m
FY2016FY2025
Shareholders' equity
$61.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$105,000 | −$85,000 | −$151,000 | −$367,000 | −$460,000 | −$632,000 | −$743,000 | −$847,000 | −$842,000 | −$594,000 |
| Research and development | $33.7m | $19.4m | $16.5m | $24.5m | $29.1m | $31.8m | $38.0m | $38.6m | $46.3m | $29.4m |
| Operating income | −$43.0m | −$27.5m | −$23.4m | −$32.6m | −$43.2m | −$43.8m | −$48.9m | −$49.2m | −$56.5m | −$37.0m |
| Net income | −$15.3m | −$62.3m | −$27.0m | −$41.3m | −$43.2m | −$4.8m | −$43.7m | −$46.9m | −$55.7m | −$36.4m |
| Diluted earnings per share | -0.19 | -0.91 | -0.55 | -0.89 | -0.93 | -0.16 | -1.49 | -1.60 | -2.69 | -1.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $71.1m | $68.9m | $45.6m | $68.2m | $109.5m | $85.5m | $83.6m | $118.2m | $94.8m | $140.2m |
| Cash and short-term investments | $56.8m | $52.0m | $27.1m | $42.3m | $69.5m | $44.3m | $78.0m | $114.6m | $90.1m | $134.9m |
| Total liabilities | $9.9m | $36.3m | $6.9m | $12.1m | $12.3m | $13.4m | $12.5m | $7.9m | $9.9m | $7.3m |
| Shareholders' equity | $61.2m | $32.6m | $38.7m | $56.1m | $97.2m | $72.1m | $71.1m | $110.3m | $84.8m | $132.8m |
| Shares outstanding | 80m | 68m | 49m | 47m | 47m | 30m | 29m | 29m | 21m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$32.8m | −$25.4m | −$23.9m | −$27.0m | −$36.7m | −$34.8m | −$37.3m | −$41.0m | −$46.2m | −$27.9m |
| Capital spending | −$174,000 | — | −$34,000 | −$269,000 | −$5,000 | −$76,000 | −$25,000 | −$355,000 | −$266,000 | −$2.2m |
| Free cash flow | −$33.0m | −$25.4m | −$24.0m | −$27.3m | −$36.7m | −$34.9m | −$37.3m | −$41.3m | −$46.5m | −$30.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $88,000 | — |
| Gross profit | — | −$29,000 | −$26,000 | — | −$29,000 | −$22,000 | $44,000 | −$20,000 |
| Operating income | −$19.3m | −$14.9m | −$12.2m | −$10.6m | −$10.3m | −$9.9m | −$8.1m | −$7.3m |
| Net income | −$18.0m | −$13.7m | −$12.3m | −$10.2m | −$8.0m | $15.2m | −$12.1m | −$40.2m |
| Diluted earnings per share | -0.19 | -0.15 | -0.15 | -0.13 | -0.10 | 0.19 | -0.18 | -0.59 |
| Cash from operations | −$15.0m | −$10.0m | −$9.0m | −$9.0m | −$5.0m | −$8.0m | −$8.0m | −$6.0m |
| Total assets | $239.3m | $253.2m | $71.1m | $80.5m | $89.5m | $59.4m | $68.9m | $58.8m |
| Cash and short-term investments | $215.2m | $236.7m | $56.8m | $65.7m | $74.4m | $44.2m | $52.0m | $41.7m |
| Debt | $454,000 | $428,000 | $403,000 | $379,000 | $355,000 | $319,000 | $185,000 | $354,000 |
| Shareholders' equity | $225.3m | $240.7m | $61.2m | $71.8m | $80.2m | $49.3m | $32.6m | $12.4m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Return on equity | -25.0% | -191.3% | -69.9% | -73.6% | -44.5% | -6.7% | — |
| Return on assets | -21.5% | -90.4% | -59.3% | -60.5% | -39.5% | -5.6% | — |
| Free cash flow yield | -3.9% | — | -4.6% | -5.4% | -7.5% | -11.1% | -12.0% |
| Earnings growth | -75.5% | 130.5% | -34.6% | -4.5% | 796.6% | -89.0% | — |
| Current ratio | 6.21x | 1.54x | 4.07x | 4.06x | 7.36x | 3.73x | — |
| Debt to equity | 0.01x | 0.01x | 0.04x | 0.02x | 0.01x | 0.01x | — |
| Equity ratio | 86.1% | 47.3% | 84.9% | 82.2% | 88.8% | 84.4% | — |
| Interest coverage | -6.10x | -34.15x | -17.06x | -63.16x | -2881.73x | -81.04x | — |
| Buybacks as a share of market value | -16.7% | -39.4% | -5.3% | -0.0% | -57.4% | -0.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 9.7% | -0.4% | 12.1% |
| Net income | -28.2% | 25.9% | -6.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -40.2 | -5.9 | -2.0 | -0.6 | -1.6 | -13.9 | -2.3 | -1.4 | -2.5 | -2.5 |
Market value over time
30 Dec 2016 to 4 Nov 2026, in USD
$286.0m$976.3m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 63% | 345% | 105% | -69% | -35% | -6% | -0% | -58% | 34% | 7% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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