2.78
+0.72%
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
$23.1m
FY2019FY2024
Net income
−$222.2m
FY2019FY2024
Free cash flow
−$184.8m
FY2019FY2024
Shareholders' equity
$246.7m
FY2019FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Revenue | $23.1m | $7.6m | $6.2m | — | — | — |
| Gross profit | −$2.0m | −$55.4m | −$17.0m | −$2.0m | −$3.4m | −$160,000 |
| Research and development | $124.5m | $88.4m | $58.0m | $37.9m | $14.4m | $12.2m |
| Operating income | −$200.9m | −$222.8m | −$127.1m | −$69.5m | −$23.5m | −$16.5m |
| Net income | −$222.2m | −$214.1m | −$51.6m | −$125.9m | −$39.6m | −$16.2m |
| Diluted earnings per share | -1.27 | -1.35 | -0.34 | -1.07 | -0.27 | -0.11 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Total assets | $527.2m | $564.3m | — | — | $65.0m | $16.6m |
| Cash and short-term investments | $272.9m | $306.8m | — | — | $29.1m | $10.2m |
| Total liabilities | $280.4m | $306.2m | — | — | $28.7m | $13.6m |
| Debt | $179.3m | $175.0m | — | — | — | $5.7m |
| Shareholders' equity | $246.7m | $258.1m | — | — | $36.2m | $3.0m |
| Shares outstanding | 175m | 159m | 153m | 117m | 145m | 145m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Cash from operations | −$108.6m | −$104.6m | — | — | −$20.1m | −$11.0m |
| Capital spending | −$76.2m | −$61.8m | — | — | −$26.9m | −$1.6m |
| Free cash flow | −$184.8m | −$166.4m | — | — | −$47.0m | −$12.6m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.0m | $7.5m | $5.1m | $9.7m | $4.3m | $3.8m | $5.3m | $7.4m |
| Gross profit | $1.4m | $1.9m | $261,000 | $1.1m | −$642,000 | −$655,000 | −$1.8m | −$12.4m |
| Operating income | −$47.0m | −$43.0m | −$42.6m | −$34.5m | −$45.6m | −$51.0m | −$70.0m | −$64.8m |
| Net income | −$53.7m | −$44.5m | −$23.5m | −$37.5m | −$22.5m | −$116.0m | −$46.0m | −$60.0m |
| Diluted earnings per share | -0.26 | -0.22 | -0.12 | -0.20 | -0.13 | -0.67 | -0.28 | -0.37 |
| Total assets | $913.7m | $469.1m | $499.0m | $527.2m | $448.0m | $489.0m | $509.0m | $564.3m |
| Cash and short-term investments | $558.8m | $203.4m | $248.2m | $272.9m | $200.9m | $249.9m | $262.4m | $306.8m |
| Debt | $518.3m | $179.6m | $179.4m | $169.8m | $180.1m | $178.4m | $168.0m | $173.4m |
| Shareholders' equity | $294.3m | $203.7m | $235.1m | $246.7m | $167.6m | $170.0m | $229.0m | $258.1m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -86.8% | -8.9% | -16360.8% | -274.7% | -1639166.7% | — |
| Operating margin | -428.4% | -941.1% | -62919.4% | -832.3% | -104739166.7% | — |
| Net margin | -492.6% | -963.2% | -58590.9% | -832.3% | -104895000.0% | — |
| Return on equity | -57.8% | -90.1% | -59.7% | -14.5% | -38.6% | -109.5% |
| Return on assets | -17.8% | -42.2% | -27.3% | -11.7% | -26.1% | -61.0% |
| Free cash flow yield | -12.6% | -6.0% | -8.8% | -10.2% | -1.9% | 1.6% |
| Revenue growth | 37.9% | 8673.4% | -95.8% | 5168233.3% | — | — |
| Earnings growth | -29.5% | 44.2% | 198.5% | -59.0% | 217.5% | 144.9% |
| Current ratio | 8.34x | 5.49x | 5.30x | 14.31x | 19.29x | 3.04x |
| Debt to equity | 1.95x | 0.73x | 0.68x | — | 0.03x | 0.09x |
| Equity ratio | 30.8% | 46.8% | 45.7% | 80.9% | 67.6% | 55.7% |
| Interest coverage | -6.31x | -31.99x | -58.53x | -9.87x | -672.12x | -219.91x |
| R&D as a share of sales | 346.7% | 539.6% | 20460.1% | 936.0% | 31541666.7% | — |
| Buybacks as a share of market value | -12.3% | -11.6% | -6.7% | -10.0% | 2.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 42.4% | 64.8% | — |
| Net income | 20.9% | 68.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -187.1% | — | — | — |
| Operating margin | -1379.3% | — | — | — |
| Net margin | -1420.4% | — | — | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Price to earnings | -8.6 | -9.3 | -21.7 | -8.8 |
| Price to sales | 82.5 | 260.5 | 181.0 | — |
Market value over time
29 Jan 2021 to 3 Nov 2026, in USD
$1.17bn$513.9m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -8% | -43% | 126% | -26% | 98% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 15 Jul 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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