E 
2.87
+9.96%
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
—
FY2016FY2025
Net income
−$45.6m
FY2016FY2025
Free cash flow
−$62.3m
FY2016FY2025
Shareholders' equity
$81.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $120,000 | $120,000 | — | — | — | — |
| Research and development | $66.3m | $52.0m | $30.3m | $27.1m | $23.7m | $6.1m | $8.1m | $6.8m | $2.0m | $25.0m |
| Operating income | −$83.3m | −$70.6m | −$43.0m | −$88.4m | −$36.9m | −$16.2m | −$14.2m | −$14.1m | −$13.1m | −$38.1m |
| Net income | −$45.6m | −$36.2m | −$40.3m | −$88.0m | −$34.5m | −$22.8m | −$16.0m | −$14.1m | −$13.1m | −$38.0m |
| Diluted earnings per share | -0.60 | -0.61 | -1.67 | -6.39 | -2.41 | -1.50 | -1.23 | -1.49 | -34.01 | -271.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $169.0m | $177.4m | $125.9m | $92.8m | $170.5m | $197.2m | $10.9m | $17.0m | $20.9m | $29.8m |
| Cash and short-term investments | $133.3m | $140.2m | $51.1m | $56.4m | $84.8m | $114.2m | $8.8m | $13.0m | $17.2m | $27.4m |
| Total liabilities | $87.9m | $59.3m | $42.5m | $8.6m | $6.6m | $6.6m | $1.5m | $2.5m | $1.4m | $2.9m |
| Debt | $358,000 | — | — | — | — | — | — | — | — | $100,000 |
| Shareholders' equity | $81.1m | $118.1m | $83.4m | $84.2m | $164.0m | $190.6m | $9.5m | $14.5m | $19.5m | $26.9m |
| Shares outstanding | 75m | 60m | 24m | 14m | 14m | 15m | 13m | 9m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$62.3m | −$47.3m | −$39.5m | −$28.4m | −$28.9m | −$15.2m | −$13.9m | −$11.9m | −$14.9m | −$36.5m |
| Capital spending | — | — | — | — | — | — | — | — | — | −$17,000 |
| Free cash flow | −$62.3m | −$47.3m | −$39.5m | −$28.4m | −$28.9m | −$15.2m | −$13.9m | −$11.9m | −$14.9m | −$36.5m |
| Dividends paid | — | — | — | — | — | −$25,000 | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $384,000 | — |
| Operating income | −$22.9m | −$21.2m | −$21.5m | −$19.1m | −$24.7m | −$18.0m | −$24.7m | −$20.5m |
| Net income | −$31.6m | −$39.0m | −$10.4m | −$17.5m | −$11.2m | −$6.5m | −$44.6m | $77.0m |
| Diluted earnings per share | -0.28 | -0.34 | -0.14 | -0.23 | -0.15 | -0.09 | -0.75 | 1.29 |
| Cash from operations | −$22.0m | −$22.0m | −$14.0m | −$14.0m | −$17.0m | −$16.0m | −$18.0m | −$11.0m |
| Total assets | $126.1m | $146.7m | $169.0m | $129.9m | $144.9m | $161.3m | $177.4m | $114.6m |
| Cash and short-term investments | $88.8m | $111.1m | $133.3m | $93.4m | $107.6m | $124.9m | $140.2m | $78.2m |
| Debt | $381,000 | $369,000 | $358,000 | $346,000 | $336,000 | $325,000 | $314,000 | $186,000 |
| Shareholders' equity | $72.0m | $100.5m | $81.1m | $35.4m | $106.0m | $114.6m | $118.1m | $76.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -2.0% | 38.8% | 6.3% |
| Net income | -19.7% | 14.9% | 0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | -3.4 | -0.5 | -0.2 | -0.9 | -5.1 | -2.1 | -4.7 | -0.5 | -0.1 |
| Price to sales | — | — | — | — | 264.2 | — | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -25% | 177% | -37% | -47% | -74% | 210% | -77% | -30% | -57% | -41% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 18-to-1 reverse split · 5 Oct 2020
- 9-to-1 reverse split · 11 May 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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