E 
0.36
+0.53%
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
$31.4m
FY2016FY2025
Net income
−$232.0m
FY2016FY2025
Free cash flow
−$243.4m
FY2016FY2025
Shareholders' equity
$306.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.4m | $43.3m | $46.0m | $41.4m | $36.9m | $34.4m | $20.4m | $3.0m | $7.5m | $1.6m |
| Gross profit | $29.3m | $39.6m | $41.4m | $33.1m | $28.8m | $28.6m | $17.7m | −$15.5m | $7.5m | $1.6m |
| Research and development | $221.0m | $132.9m | $64.7m | $49.6m | $28.5m | $17.4m | $15.4m | $16.2m | $14.9m | $14.4m |
| Operating income | −$243.4m | −$145.9m | −$75.1m | −$99.6m | −$53.2m | −$38.1m | −$50.6m | −$26.3m | −$18.6m | −$21.8m |
| Net income | −$232.0m | −$130.9m | −$70.8m | −$102.3m | −$58.4m | −$45.4m | −$56.8m | −$53.2m | −$18.5m | −$21.5m |
| Diluted earnings per share | -2.79 | -2.03 | -1.68 | -2.74 | -1.79 | -3.13 | -5.32 | -5.60 | -4.15 | -6.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $364.0m | $418.5m | $355.2m | $180.4m | $263.4m | $91.7m | $73.0m | $71.7m | $18.7m | $31.6m |
| Cash and short-term investments | $306.1m | $370.9m | $331.1m | $144.6m | $211.6m | $44.9m | $22.2m | $38.8m | $16.9m | $29.0m |
| Total liabilities | $57.9m | $82.0m | $88.9m | $84.0m | $79.0m | $73.2m | $64.6m | $60.0m | $5.3m | $10.7m |
| Debt | $2.0m | — | — | $39.8m | $36.7m | $38.2m | $47.2m | $17.6m | $34.6m | — |
| Shareholders' equity | $306.1m | $336.5m | $266.3m | $96.4m | $184.4m | $18.5m | $8.3m | $11.7m | $13.3m | $20.9m |
| Shares outstanding | 83m | 65m | 42m | 37m | 33m | 15m | 11m | 9m | 4m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$240.1m | −$126.2m | $1.9m | −$65.0m | −$50.1m | −$14.4m | −$56.7m | −$21.9m | −$20.5m | −$16.3m |
| Capital spending | −$3.3m | −$4.1m | −$3.5m | −$2.1m | −$156,000 | −$362,000 | −$213,000 | −$108,000 | −$147,000 | −$113,000 |
| Free cash flow | −$243.4m | −$130.3m | −$1.6m | −$67.2m | −$50.3m | −$14.8m | −$56.9m | −$22.0m | −$20.6m | −$16.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $507,000 | $696,000 | $620,000 | $966,000 | $5.3m | $24.5m | $11.6m | $10.5m |
| Gross profit | $507,000 | $168,000 | $245,000 | $245,000 | $5.2m | $23.6m | $10.8m | $9.8m |
| Operating income | −$97.4m | −$87.2m | −$70.3m | −$62.0m | −$62.2m | −$48.8m | −$45.2m | −$32.7m |
| Net income | −$94.5m | −$84.8m | −$67.6m | −$59.7m | −$59.4m | −$45.2m | −$41.4m | −$29.4m |
| Diluted earnings per share | -1.09 | -0.98 | -0.81 | -0.72 | -0.72 | -0.54 | -0.64 | -0.45 |
| Cash from operations | −$62.0m | −$80.0m | −$65.0m | −$59.0m | −$62.0m | −$53.0m | −$35.0m | −$39.0m |
| Capital spending | −$1.0m | — | — | — | −$1.0m | — | — | −$1.0m |
| Free cash flow | −$63.0m | — | — | — | −$63.0m | — | — | −$40.0m |
| Total assets | $228.2m | $288.2m | $364.0m | $251.7m | $301.1m | $362.6m | $418.5m | $300.9m |
| Cash and short-term investments | $180.5m | $222.5m | $306.1m | $204.0m | $255.7m | $318.2m | $370.9m | $253.8m |
| Debt | $2.6m | $2.1m | $2.0m | $2.0m | — | $1.8m | $1.2m | $1.3m |
| Shareholders' equity | $166.4m | $230.5m | $306.1m | $200.2m | $246.0m | $298.4m | $336.5m | $218.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.8% | -1.8% | 1.7% |
| Operating income | 34.7% | 44.9% | — |
| Net income | 31.4% | 38.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 92.3% | 88.4% | 86.0% | 81.6% |
| Operating margin | -521.5% | -348.0% | -280.7% | -261.9% |
| Net margin | -486.1% | -330.7% | -274.0% | -267.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.3 | -1.3 | -2.8 | -0.3 | -1.4 | -0.4 | -0.6 | -0.7 | -0.5 | -0.6 |
| Price to sales | 17.1 | 3.9 | 4.3 | 0.6 | 2.2 | 0.6 | 1.6 | 12.2 | 1.3 | 7.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 129% | -34% | 744% | -82% | 182% | -68% | -21% | 77% | -44% | -61% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 9 Dec 2020
- 1-to-1 reverse split · 11 Jun 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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