E 
15.61
+8.33%
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
−$124.5m
FY2019FY2025
Free cash flow
−$95.6m
FY2019FY2025
Shareholders' equity
$325.2m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross profit | −$3.1m | −$3.8m | −$3.7m | −$2.6m | −$829,000 | −$540,000 | −$310,000 |
| Research and development | $92.9m | $115.4m | $103.8m | $112.5m | $73.9m | $101.3m | $9.6m |
| Operating income | −$131.4m | −$179.6m | −$141.5m | −$247.4m | −$124.9m | −$109.3m | −$13.3m |
| Net income | −$124.5m | −$161.7m | −$125.0m | −$242.8m | −$122.8m | −$101.7m | −$12.0m |
| Diluted earnings per share | -0.44 | -0.69 | -1.04 | -2.38 | -1.29 | -1.39 | -0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $396.2m | $502.5m | $395.3m | $514.9m | $501.4m | $124.8m | $55.5m |
| Cash and short-term investments | $276.1m | $298.3m | $312.4m | $435.6m | $459.2m | $118.7m | $50.4m |
| Total liabilities | $71.0m | $79.0m | $78.6m | $103.1m | $44.9m | $238.8m | $69.1m |
| Shareholders' equity | $325.2m | $423.5m | $316.7m | $411.9m | $456.5m | −$114.0m | −$13.6m |
| Shares outstanding | 284m | 234m | 121m | 102m | 95m | 73m | 95m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$95.5m | −$109.4m | −$101.2m | −$103.3m | −$79.6m | −$32.7m | −$10.4m |
| Capital spending | −$128,000 | −$22.6m | −$1.8m | −$16.6m | −$18.9m | −$38.7m | −$597,000 |
| Free cash flow | −$95.6m | −$132.0m | −$103.0m | −$119.8m | −$98.5m | −$71.4m | −$11.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $4.2m | — |
| Gross profit | — | −$723,000 | −$743,000 | — | −$787,000 | −$822,000 | −$832,000 | −$842,000 |
| Operating income | −$47.6m | −$37.9m | −$32.6m | −$34.5m | −$38.1m | −$35.6m | −$35.7m | −$37.2m |
| Net income | −$44.1m | −$183.4m | −$29.1m | −$30.6m | −$33.9m | −$31.0m | −$32.2m | −$31.2m |
| Diluted earnings per share | -0.14 | -0.59 | -0.10 | -0.11 | -0.12 | -0.11 | -0.14 | -0.13 |
| Cash from operations | −$27.0m | −$27.0m | −$21.0m | −$21.0m | −$20.0m | −$31.0m | −$24.0m | −$22.0m |
| Total assets | $435.1m | $461.2m | $396.2m | $420.4m | $445.4m | $471.2m | $502.5m | $528.9m |
| Cash and short-term investments | $268.7m | $243.8m | $276.1m | $288.4m | $300.7m | $304.6m | $298.3m | $318.9m |
| Debt | $5.4m | $5.3m | $5.1m | $4.9m | $4.7m | $4.8m | $9.2m | $4.5m |
| Shareholders' equity | $361.9m | $393.5m | $325.2m | $347.9m | $372.3m | $399.5m | $423.5m | $450.0m |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Return on equity | -38.3% | -38.2% | -39.5% | -59.0% | -26.9% | 89.2% |
| Return on assets | -31.4% | -32.2% | -31.6% | -47.2% | -24.5% | -81.4% |
| Free cash flow yield | -2.5% | -2.8% | -6.2% | -6.3% | -4.8% | 0.6% |
| Earnings growth | -23.0% | 29.3% | -48.5% | 97.8% | 20.8% | 744.4% |
| Current ratio | 10.04x | 9.84x | 12.26x | 9.13x | 15.92x | 8.77x |
| Debt to equity | 0.02x | 0.02x | 0.01x | 0.01x | 0.00x | -0.01x |
| Equity ratio | 82.1% | 84.3% | 80.1% | 80.0% | 91.0% | -91.3% |
| Interest coverage | — | — | — | -1.21x | -2.20x | -111.63x |
| Buybacks as a share of market value | -21.3% | -93.9% | -18.2% | -7.3% | -29.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -19.0% | 3.8% | — |
| Net income | -20.0% | 4.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -4.4 | -1.9 | -1.1 | -0.9 | -6.2 |
Market value over time
30 Jul 2021 to 16 Oct 2026, in USD
$504.0m$4.17bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 45% | 26% | -56% | -68% | -21% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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