P 
9.68
-8.68%
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
$68.7m
FY2016FY2024
Net income
$7.2m
FY2016FY2024
Free cash flow
−$58.7m
FY2016FY2024
Shareholders' equity
$56.4m
FY2016FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $68.7m | $48.7m | $25.1m | $115.5m | $24.3m | $22.2m | $10.9m | $6.5m | $7.0m |
| Gross profit | $68.7m | $48.7m | $25.1m | $115.5m | $24.3m | $22.2m | $10.9m | $6.5m | $7.0m |
| Research and development | $59.6m | $53.4m | $46.1m | $115.2m | $98.1m | $82.4m | $45.1m | $20.3m | $9.1m |
| Operating income | −$26.2m | −$43.7m | −$62.3m | −$39.4m | −$109.8m | −$87.2m | −$47.9m | −$22.0m | −$8.8m |
| Net income | $7.2m | −$61.3m | −$111.6m | −$30.6m | −$109.0m | −$92.9m | −$46.0m | −$21.1m | −$8.3m |
| Diluted earnings per share | 1.04 | -13.77 | -30.18 | -15.07 | -62.29 | -54.63 | -41.04 | -21.10 | -0.32 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $136.4m | $159.8m | $238.2m | $211.5m | $150.2m | $235.2m | $138.6m | $72.7m | $98.4m |
| Cash and short-term investments | $86.3m | $116.7m | $189.6m | $143.7m | $89.8m | $180.9m | $103.2m | $62.8m | $93.4m |
| Total liabilities | $80.0m | $140.9m | $177.7m | $120.3m | $105.7m | $96.9m | $98.6m | $99.1m | $103.2m |
| Debt | $30.0m | $31.3m | $25.0m | $9.1m | $10.5m | $6.8m | $3.3m | $1.5m | — |
| Shareholders' equity | $56.4m | $18.9m | $60.4m | $91.2m | $44.4m | $138.3m | $40.0m | −$26.4m | −$4.7m |
| Shares outstanding | 7m | 4m | 4m | 2m | 2m | 2m | 1m | 1m | 26m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$58.4m | −$84.1m | −$45.8m | −$10.9m | −$87.4m | −$73.6m | −$51.7m | −$24.2m | $92.3m |
| Capital spending | −$250,000 | −$2.3m | −$3.3m | −$5.8m | −$5.0m | −$24.7m | −$15.7m | −$5.6m | −$2.1m |
| Free cash flow | −$58.7m | −$86.4m | −$49.1m | −$16.7m | −$92.4m | −$98.3m | −$67.4m | −$29.7m | $90.2m |
| Dividends paid | — | — | — | — | — | — | — | — | −$12.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $10.8m | $34.2m | $13,000 | $18,000 | $29,000 | $638,000 | $576,000 |
| Gross profit | — | $10.8m | $34.2m | $13,000 | $18,000 | $29,000 | $638,000 | $576,000 |
| Operating income | −$19.2m | −$9.1m | $12.5m | −$20.7m | −$21.9m | −$22.1m | −$24.8m | −$21.3m |
| Net income | −$32.7m | −$18.4m | $20.1m | −$21.8m | −$23.5m | −$20.6m | −$17.7m | −$16.4m |
| Diluted earnings per share | -1.26 | -0.71 | 1.05 | -1.14 | -1.23 | -1.07 | -2.58 | -2.39 |
| Cash from operations | −$13.0m | −$11.0m | −$11.0m | −$15.0m | −$20.0m | −$19.0m | −$18.0m | −$5.0m |
| Total assets | $125.9m | $143.9m | $154.4m | $93.5m | $108.9m | $124.4m | $136.4m | $153.3m |
| Cash and short-term investments | $87.5m | $101.2m | $115.6m | $44.9m | $62.2m | $77.2m | $86.3m | $101.2m |
| Debt | $24.0m | $1.6m | $23.9m | $23.8m | $23.8m | $23.7m | $23.6m | $23.6m |
| Shareholders' equity | $45.3m | $76.1m | $92.2m | $16.6m | $34.1m | $49.3m | $56.4m | $64.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.9% | 7.1% | — |
| Operating income | -5.8% | -13.8% | — |
| Net income | -25.7% | -15.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | 100.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | 3.7 | -0.8 | -1.2 | -14.7 | -4.0 | -7.6 |
| Price to sales | 2.3 | 0.4 | 1.0 | 5.3 | 3.9 | 18.0 | 31.9 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 9% | -62% | -69% | -86% | -9% | -37% | 70% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 30-to-1 reverse split · 14 Feb 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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