C 
20.14
+7.53%
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
$27.5m
FY2016FY2025
Net income
−$26.6m
FY2016FY2025
Free cash flow
−$21.9m
FY2016FY2025
Shareholders' equity
$26.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.5m | $9.3m | $5.5m | $1.2m | $14.9m | $3.2m | $3.5m | $1.1m | — | — |
| Research and development | $37.7m | $36.3m | $40.8m | $38.6m | $41.3m | $33.5m | $27.5m | $28.5m | $18.9m | $5.7m |
| Operating income | −$26.5m | −$41.5m | −$52.1m | −$53.2m | −$43.7m | −$45.0m | −$36.8m | −$38.7m | −$23.2m | −$7.7m |
| Net income | −$26.6m | −$40.7m | −$50.7m | −$53.0m | −$44.2m | −$44.8m | −$36.7m | −$39.0m | −$23.2m | −$7.7m |
| Diluted earnings per share | -7.22 | -16.44 | -32.28 | -40.60 | -42.04 | -45.31 | -45.59 | -56.44 | -33.77 | -11.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $42.2m | $32.2m | $61.5m | $91.3m | $83.4m | $99.5m | $71.6m | $45.4m | $67.0m | $16.3m |
| Cash and short-term investments | $27.1m | $22.5m | $48.5m | $76.3m | $64.4m | $84.9m | $59.4m | $39.2m | $63.6m | $15.0m |
| Total liabilities | $15.8m | $14.7m | $24.4m | $25.6m | $17.9m | $20.6m | $17.0m | $11.4m | $5.3m | $1.1m |
| Debt | $4.2m | $8.9m | $14.7m | $19.3m | $12.0m | $7.1m | $5.8m | — | $2.5m | — |
| Shareholders' equity | $26.4m | $17.5m | $37.1m | $65.7m | $65.5m | $78.9m | $54.6m | $34.0m | $61.6m | $15.2m |
| Shares outstanding | 4m | 2m | 2m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$21.7m | −$36.3m | −$40.0m | −$41.8m | −$38.8m | −$32.5m | −$30.8m | −$26.4m | −$12.2m | −$6.0m |
| Capital spending | −$177,000 | −$66,000 | — | −$171,000 | −$913,039 | −$595,259 | −$46,353 | −$1.9m | −$1.2m | −$515,979 |
| Free cash flow | −$21.9m | −$36.4m | −$40.0m | −$42.0m | −$39.8m | −$33.1m | −$30.8m | −$28.3m | −$13.4m | −$6.5m |
| Dividends paid | — | — | — | −$199,873 | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.9m | $5.7m | $21.9m | $2.1m | $3.0m | $421,000 | $1.6m | $3.3m |
| Operating income | −$87.7m | −$5.4m | $2.0m | −$7.5m | −$8.6m | −$12.3m | −$9.6m | −$8.8m |
| Net income | −$153.1m | −$5.2m | $1.6m | −$7.4m | −$8.5m | −$12.3m | −$9.5m | −$8.7m |
| Diluted earnings per share | -24.14 | -0.82 | 0.43 | -2.02 | -2.30 | -3.33 | -3.84 | -3.50 |
| Cash from operations | −$29.0m | −$10.0m | −$1.0m | −$9.0m | −$3.0m | −$8.0m | −$9.0m | −$7.0m |
| Total assets | $30.7m | $30.9m | $42.2m | $31.6m | $40.7m | $22.3m | $32.2m | $44.8m |
| Cash and short-term investments | $17.4m | $16.4m | $27.1m | $18.7m | $27.5m | $13.1m | $22.5m | $32.4m |
| Debt | $1.6m | $1.6m | $1.9m | $3.5m | $4.5m | $6.9m | $7.9m | $8.2m |
| Shareholders' equity | $2.3m | $21.6m | $26.4m | $13.2m | $18.2m | $6.6m | $17.5m | $25.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 180.5% | 54.2% | — |
| Operating income | -20.7% | -10.1% | 30.0% |
| Net income | -20.5% | -9.9% | 30.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -185.1% | -398.7% | -425.7% | — |
| Net margin | -183.0% | -393.3% | -422.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.8 | -1.3 | -1.6 | -1.4 | -5.2 | -5.3 | -6.7 | -1.6 |
| Price to sales | 0.8 | 5.6 | 14.5 | 57.4 | 15.3 | 75.2 | 70.9 | 54.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | -68% | -63% | 9% | -77% | -13% | -19% | 240% | -59% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 30-to-1 reverse split · 24 Apr 2026
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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