C 
1.98
-9.59%
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
$76.2m
FY2016FY2025
Net income
−$17.4m
FY2016FY2025
Free cash flow
−$75.8m
FY2016FY2025
Shareholders' equity
$99.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $76.2m | $138.1m | $101.2m | $53.2m | $69.6m | $68.4m | $57.5m | $59.5m | $71.6m | $15.0m |
| Gross profit | $76.2m | $138.1m | $101.2m | $53.2m | $69.6m | $68.4m | $57.5m | $59.5m | $71.6m | $15.0m |
| Research and development | $68.7m | $83.4m | $77.7m | $111.6m | $114.2m | $112.9m | $131.6m | $103.9m | $92.3m | $54.8m |
| Operating income | −$22.4m | $25.0m | −$6.5m | −$101.3m | −$83.8m | −$80.5m | −$110.9m | −$77.9m | −$46.3m | −$59.6m |
| Net income | −$17.4m | $31.9m | −$569,000 | −$97.3m | −$80.6m | −$64.8m | −$102.2m | −$84.6m | −$43.1m | −$58.9m |
| Diluted earnings per share | -0.10 | 0.40 | -0.01 | -1.47 | -1.24 | -1.40 | -2.24 | -1.87 | -1.12 | -1.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $151.6m | $120.5m | $201.8m | $260.9m | $339.4m | $358.7m | $341.3m | $457.1m | $397.6m | $199.1m |
| Cash and short-term investments | $137.1m | $100.6m | $174.5m | $193.7m | $305.2m | $316.1m | $296.1m | $436.1m | $374.1m | $181.9m |
| Total liabilities | $52.6m | $121.0m | $249.2m | $346.6m | $250.0m | $366.4m | $290.2m | $326.2m | $327.7m | $120.6m |
| Debt | $4.2m | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $99.0m | −$456,000 | −$47.4m | −$85.8m | $89.4m | −$7.8m | $51.1m | $130.9m | $69.9m | $78.5m |
| Shares outstanding | 170m | 80m | 67m | 66m | 65m | 46m | 46m | 45m | 39m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$75.6m | −$86.2m | −$56.0m | −$110.8m | −$119.0m | $5.3m | −$140.5m | −$75.5m | $170.4m | −$2.0m |
| Capital spending | −$220,000 | −$310,000 | −$840,000 | −$1.7m | −$1.6m | −$2.3m | −$3.5m | −$3.8m | −$1.6m | −$2.2m |
| Free cash flow | −$75.8m | −$86.5m | −$56.9m | −$112.5m | −$120.6m | $3.0m | −$144.0m | −$79.3m | $168.8m | −$4.2m |
| Dividends paid | −$3.0m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4m | $10.3m | $663,000 | $6.0m | $18.7m | $50.9m | $38.1m | $33.4m |
| Gross profit | $1.4m | $10.0m | $663,000 | $6.0m | $18.7m | $50.9m | $38.1m | $33.4m |
| Operating income | −$23.8m | −$19.7m | −$27.9m | −$15.8m | −$1.3m | $22.6m | $17.7m | $4.1m |
| Net income | −$20.7m | −$18.2m | −$26.5m | −$14.2m | −$154,000 | $23.5m | $18.9m | $5.7m |
| Diluted earnings per share | -0.09 | -0.08 | -0.16 | -0.08 | -0.00 | 0.14 | 0.24 | 0.07 |
| Cash from operations | −$18.0m | −$25.0m | −$23.0m | −$15.0m | −$15.0m | −$21.0m | −$19.0m | −$20.0m |
| Total assets | $381.2m | $359.4m | $151.6m | $158.3m | $175.1m | $98.5m | $120.5m | $139.0m |
| Cash and short-term investments | $330.3m | $346.7m | $137.1m | $143.6m | $158.1m | $79.9m | $100.6m | $117.6m |
| Debt | $1.5m | $2.9m | $4.2m | $5.6m | $5.4m | $5.3m | $5.1m | $5.0m |
| Shareholders' equity | $302.1m | $319.9m | $99.0m | $107.4m | $119.9m | $25.0m | −$456,000 | −$23.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.8% | 2.2% | 25.7% |
| Operating income | -39.6% | -22.6% | -3.9% |
| Net income | -43.7% | -23.2% | -6.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 1.2% | -28.5% | -53.2% | -83.2% |
| Net margin | 6.8% | -22.6% | -45.2% | -77.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -41.7 | 2.6 | -89.3 | -0.5 | -1.1 | -0.8 | -0.4 | -0.9 | -2.2 | -0.8 |
| Price to sales | 9.5 | 0.6 | 0.5 | 1.0 | 1.2 | 0.8 | 0.8 | 1.3 | 1.3 | 3.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 266% | 54% | -8% | -37% | -18% | 39% | -37% | -36% | 92% | -44% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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