E 
11.47
+4.27%
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
$65.3m
FY2016FY2025
Net income
−$81.9m
FY2016FY2025
Free cash flow
−$32.2m
FY2016FY2025
Shareholders' equity
$64.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.3m | $67.6m | $79.2m | $86.2m | $97.1m | $122.5m | $205.2m | $206.6m | $102.8m | $88.3m |
| Gross profit | $60.7m | $67.6m | $79.2m | $86.2m | $97.1m | $122.5m | $205.2m | $206.6m | $102.8m | $88.3m |
| Research and development | $106.7m | $131.5m | $163.5m | $164.5m | $174.1m | $136.8m | $142.2m | $94.9m | $57.5m | $40.5m |
| Operating income | −$85.3m | −$121.7m | −$137.2m | −$123.8m | −$109.6m | −$41.6m | $36.7m | $88.3m | $24.6m | $30.8m |
| Net income | −$81.9m | −$116.0m | −$133.8m | −$121.8m | −$79.0m | −$36.2m | $46.4m | $72.0m | $17.7m | $21.7m |
| Diluted earnings per share | -2.85 | -5.46 | -6.35 | -5.85 | -3.87 | -1.80 | 2.23 | 3.46 | 0.89 | 1.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $280.7m | $376.7m | $462.3m | $380.6m | $440.9m | $490.8m | $489.8m | $414.2m | $326.6m | $281.3m |
| Cash and short-term investments | $188.9m | $248.2m | $369.9m | $249.2m | $244.0m | $386.6m | $335.2m | $308.7m | $223.7m | $210.1m |
| Total liabilities | $216.0m | $247.8m | $245.5m | $59.3m | $41.4m | $35.2m | $27.3m | $20.5m | $25.0m | $11.3m |
| Debt | $143.2m | $170.6m | $1.4m | $1.4m | $1.5m | $1.5m | $1.8m | $1.9m | $1.2m | $700,000 |
| Shareholders' equity | $64.7m | $128.8m | $216.7m | $321.3m | $399.4m | $455.6m | $462.5m | $393.7m | $301.7m | $269.9m |
| Shares outstanding | 29m | 21m | 21m | 21m | 20m | 20m | 21m | 21m | 20m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$19.3m | −$78.8m | −$103.2m | −$84.8m | −$70.0m | $7.1m | $71.4m | $29.2m | $52.7m | $35.8m |
| Capital spending | −$12.9m | −$17.9m | −$9.1m | −$2.1m | −$750,000 | −$1.4m | −$5.4m | −$3.0m | −$2.5m | −$4.7m |
| Free cash flow | −$32.2m | −$96.7m | −$112.2m | −$86.9m | −$70.7m | $5.6m | $66.0m | $26.2m | $50.1m | $31.1m |
| Dividends paid | — | — | — | — | — | — | −$2.7m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.4m | $17.2m | $18.6m | $15.1m | $18.3m | $14.9m | $17.0m | $14.6m |
| Gross profit | $14.4m | $15.9m | $18.6m | $15.1m | $18.3m | $14.9m | $17.0m | $14.6m |
| Operating income | −$17.2m | −$11.9m | −$11.3m | −$18.3m | −$18.9m | −$24.5m | −$23.5m | −$29.9m |
| Net income | −$19.5m | −$13.1m | −$11.9m | −$18.7m | −$18.3m | −$22.6m | −$22.3m | −$28.8m |
| Diluted earnings per share | -0.67 | -0.45 | -0.42 | -0.65 | -0.64 | -0.79 | -1.05 | -1.36 |
| Cash from operations | −$9.0m | −$7.0m | −$11.0m | −$6.0m | $17.0m | −$13.0m | −$16.0m | −$10.0m |
| Capital spending | — | — | — | −$1.0m | — | −$2.0m | −$8.0m | −$8.0m |
| Free cash flow | — | — | — | −$7.0m | — | −$15.0m | −$24.0m | −$18.0m |
| Total assets | $296.9m | $314.7m | $329.5m | $280.7m | $301.0m | $323.0m | $348.6m | $376.7m |
| Cash and short-term investments | $189.5m | $163.8m | $185.8m | $188.9m | $204.1m | $193.4m | $216.7m | $248.2m |
| Debt | $3.9m | $35.2m | $35.3m | $33.9m | $30.1m | $32.9m | $33.7m | $36.0m |
| Shareholders' equity | $101.1m | $116.6m | $126.6m | $64.7m | $79.3m | $93.5m | $111.8m | $128.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.8% | -11.8% | -8.6% |
| Operating income | -11.7% | 15.4% | — |
| Net income | -12.4% | 17.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 96.6% | 98.5% | 99.1% | 99.6% |
| Operating margin | -155.7% | -156.9% | -119.6% | -24.5% |
| Net margin | -148.9% | -152.0% | -109.8% | -25.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.5 | -1.1 | -1.5 | -8.0 | -19.3 | -23.4 | 27.7 | 20.5 | 66.0 | 29.4 |
| Price to sales | 6.9 | 1.8 | 2.5 | 11.2 | 15.7 | 6.9 | 6.3 | 7.1 | 11.4 | 7.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 148% | -36% | -78% | -46% | 80% | -31% | -5% | 17% | 71% | -2% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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