E 
51.55
+4.29%
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.
Net income
−$103.7m
FY2018FY2025
Free cash flow
−$70.5m
FY2018FY2025
Shareholders' equity
$459.6m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | −$263,000 | −$317,000 | −$297,000 | −$622,000 | −$99,000 | −$97,000 | −$33,000 | — |
| Research and development | $85.9m | $80.8m | $64.6m | $31.0m | $20.5m | $8.2m | $19.0m | $8.2m |
| Operating income | −$119.7m | −$104.6m | −$83.5m | −$38.8m | −$24.8m | −$9.3m | −$24.1m | −$10.7m |
| Net income | −$103.7m | −$89.0m | −$71.6m | −$37.7m | −$24.7m | −$19.0m | −$23.5m | −$11.3m |
| Diluted earnings per share | -1.83 | -1.79 | -1.74 | -5.73 | -3.76 | -4.32 | -5.43 | -2.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $476.2m | $325.8m | $271.9m | $83.3m | $113.3m | $90.8m | $33.3m | $7.7m |
| Cash and short-term investments | $462.6m | $313.4m | $253.1m | $75.5m | $110.0m | $88.2m | $28.9m | $7.4m |
| Total liabilities | $16.7m | $15.9m | $26.0m | $160.1m | $6.5m | $6.4m | $4.4m | $1.8m |
| Debt | $399,000 | — | — | — | — | — | — | — |
| Shareholders' equity | $459.6m | $309.8m | $245.9m | −$76.8m | $106.9m | $84.4m | −$48.8m | −$26.3m |
| Shares outstanding | 57m | 50m | 41m | 7m | 7m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$70.3m | −$73.2m | −$61.3m | −$32.1m | −$19.1m | −$8.5m | −$21.9m | −$8.8m |
| Capital spending | −$158,000 | −$44,000 | −$149,000 | −$612,000 | −$191,000 | −$461,000 | −$140,000 | — |
| Free cash flow | −$70.5m | −$73.2m | −$61.4m | −$32.7m | −$19.3m | −$9.0m | −$22.0m | −$8.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $316,000 | — |
| Gross profit | — | −$14,000 | −$46,000 | — | −$81,000 | −$74,000 | $158,000 | −$80,000 |
| Operating income | −$37.2m | −$27.8m | −$34.3m | −$25.1m | −$28.6m | −$31.7m | −$26.9m | −$27.1m |
| Net income | −$32.5m | −$23.6m | −$29.7m | −$20.1m | −$25.3m | −$28.5m | −$23.2m | −$23.2m |
| Diluted earnings per share | -0.49 | -0.36 | -0.52 | -0.36 | -0.45 | -0.50 | -0.46 | -0.46 |
| Cash from operations | −$18.0m | −$19.0m | −$15.0m | −$13.0m | −$17.0m | −$24.0m | −$17.0m | −$12.0m |
| Total assets | $910.2m | $464.9m | $476.2m | $490.9m | $503.9m | $302.6m | $325.8m | $305.4m |
| Cash and short-term investments | $895.2m | $452.4m | $462.6m | $477.6m | $490.5m | $289.6m | $313.4m | $291.8m |
| Debt | $597,000 | $302,000 | $399,000 | $387,000 | $376,000 | $365,000 | — | $85,000 |
| Shareholders' equity | $895.1m | $453.4m | $459.6m | $476.1m | $488.5m | $288.3m | $309.8m | $288.4m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Return on equity | -22.6% | -28.7% | -29.1% | 49.0% | -23.2% | -22.5% |
| Return on assets | -21.8% | -27.3% | -26.3% | -45.2% | -21.8% | -20.9% |
| Free cash flow yield | -2.8% | -3.3% | -3.4% | -10.8% | -6.5% | -4.2% |
| Earnings growth | 16.5% | 24.4% | 90.1% | 52.2% | 30.4% | -19.2% |
| Current ratio | 28.66x | 19.99x | 10.28x | 8.00x | 19.24x | 14.47x |
| Debt to equity | 0.00x | — | 0.00x | -0.00x | 0.00x | 0.00x |
| Equity ratio | 96.5% | 95.1% | 90.5% | -92.2% | 94.3% | 92.9% |
| Interest coverage | — | — | — | -30.95x | -266.02x | — |
| Buybacks as a share of market value | -13.7% | -21.2% | -525.8% | 0.0% | -49.8% | -1.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 45.6% | 66.6% | — |
| Net income | 40.2% | 40.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -8.4 | -12.6 | -8.0 | -2.9 | -2.4 | -12.7 |
Market value over time
31 Mar 2020 to 30 Oct 2026, in USD
$64.1m$2.93bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -26% | 78% | -18% | 60% | -83% | 52% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-to-1 reverse split · 24 Feb 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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