E 
2.75
+7.00%
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
$40.5m
FY2016FY2025
Net income
−$160.1m
FY2016FY2025
Free cash flow
−$165.8m
FY2016FY2025
Shareholders' equity
$27.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.5m | $32.3m | $78.1m | $19.7m | $25.5m | $90.7m | $20.5m | $31.9m | $13.7m | $6.1m |
| Gross profit | $40.5m | −$166.9m | $72.1m | $19.7m | $25.5m | $90.7m | −$76.4m | −$58.7m | −$69.4m | −$50.9m |
| Research and development | $90.0m | $199.2m | $177.7m | $175.0m | $142.5m | $158.0m | $96.9m | $90.7m | $83.2m | $57.0m |
| Operating income | −$99.3m | −$251.2m | −$169.2m | −$225.9m | −$193.1m | −$134.8m | −$140.9m | −$113.7m | −$119.3m | −$97.2m |
| Net income | −$160.1m | −$237.1m | −$153.2m | −$204.4m | −$185.1m | −$109.4m | −$133.7m | −$110.0m | −$120.3m | −$97.2m |
| Diluted earnings per share | -1.80 | -2.87 | -1.88 | -2.97 | -2.71 | -1.76 | -2.61 | -2.29 | -2.82 | -2.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $186.5m | $341.6m | $499.2m | $514.3m | $677.5m | $572.6m | $508.9m | $420.4m | $373.3m | $229.2m |
| Cash and short-term investments | $146.6m | $269.9m | $323.1m | $344.3m | $499.8m | $402.1m | $457.1m | $369.0m | $329.1m | $185.3m |
| Total liabilities | $159.2m | $207.3m | $150.1m | $153.6m | $123.8m | $179.0m | $246.4m | $184.2m | $165.2m | $94.6m |
| Debt | $11.0m | $57.4m | — | — | — | — | — | $32.4m | $40.9m | $45.1m |
| Shareholders' equity | $27.3m | $134.3m | $349.1m | $360.7m | $553.6m | $393.6m | $262.4m | $236.2m | $208.1m | $134.6m |
| Shares outstanding | 89m | 83m | 82m | 69m | 68m | 62m | 51m | 48m | 43m | 36m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$165.2m | −$210.3m | −$132.2m | −$177.3m | −$163.8m | −$179.8m | −$40.7m | −$45.7m | −$9.4m | −$49.9m |
| Capital spending | −$607,000 | −$8.8m | −$4.7m | −$4.1m | −$8.0m | −$7.2m | −$6.2m | −$4.8m | −$2.1m | −$3.5m |
| Free cash flow | −$165.8m | −$219.1m | −$136.9m | −$181.5m | −$171.8m | −$187.0m | −$46.8m | −$50.5m | −$11.5m | −$53.4m |
| Dividends paid | — | — | — | — | — | — | — | −$4,000 | −$11,000 | −$782,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.9m | $2.8m | $24.7m | $7.5m | $3.6m | $4.7m | $30.6m | $61,000 |
| Gross profit | $11.9m | $2.3m | $24.7m | −$12.2m | −$12.6m | −$21.9m | −$18.0m | −$1.5m |
| Operating income | −$18.6m | −$25.0m | −$14.0m | −$24.5m | −$51.5m | −$76.2m | −$46.6m | −$65.7m |
| Net income | −$18.2m | −$25.0m | −$5.6m | −$25.1m | −$53.2m | −$76.1m | −$45.4m | −$62.1m |
| Diluted earnings per share | -0.15 | -0.21 | -0.06 | -0.28 | -0.60 | -0.86 | -0.55 | -0.75 |
| Cash from operations | −$29.0m | −$23.0m | −$36.0m | −$30.0m | −$50.0m | −$47.0m | −$50.0m | −$52.0m |
| Capital spending | — | — | — | — | — | — | — | −$2.0m |
| Free cash flow | — | — | — | — | — | — | — | −$54.0m |
| Total assets | $237.4m | $149.3m | $186.5m | $201.8m | $210.6m | $263.7m | $341.6m | $327.6m |
| Cash and short-term investments | $211.6m | $123.6m | $146.6m | $165.6m | $178.5m | $221.0m | $269.9m | $265.1m |
| Debt | $6.5m | $14.2m | $11.0m | $6.1m | $6.1m | $13.2m | $14.7m | $16.4m |
| Shareholders' equity | $105.3m | $4.4m | $27.3m | $13.5m | $19.2m | $62.4m | $134.3m | $175.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.1% | -14.9% | 37.9% |
| Operating income | -24.0% | -5.9% | 10.9% |
| Net income | -7.8% | 7.9% | 8.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -173.6% | -20.3% | 28.4% | -52.9% |
| Operating margin | -481.2% | -436.9% | -374.2% | -437.9% |
| Net margin | -545.3% | -442.2% | -365.7% | -438.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.1 | -0.3 | -3.5 | -1.9 | -6.3 | -25.7 | -7.3 | -6.4 | -7.0 | -3.8 |
| Price to sales | 4.5 | 2.1 | 6.8 | 19.9 | 45.7 | 31.0 | 47.5 | 22.0 | 61.4 | 61.7 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 171% | -88% | 20% | -70% | -64% | 162% | 39% | -8% | 40% | -2% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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