F 
1.94
+5.43%
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
$6.6m
FY2016FY2025
Net income
−$136.3m
FY2016FY2025
Free cash flow
−$112.0m
FY2016FY2025
Shareholders' equity
$207.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.6m | $13.6m | $63.5m | $96.3m | $55.8m | $31.4m | $10.7m | $4.7m | $4.1m | $4.4m |
| Research and development | $107.8m | $135.0m | $172.6m | $320.5m | $215.5m | $125.6m | $87.8m | $56.0m | $34.4m | $26.5m |
| Operating income | −$147.7m | −$210.3m | −$190.5m | −$308.4m | −$217.0m | −$128.1m | −$100.7m | −$67.1m | −$42.2m | −$32.0m |
| Net income | −$136.3m | −$186.3m | −$160.9m | −$255.1m | −$212.2m | −$173.4m | −$98.1m | −$66.6m | −$43.0m | −$33.5m |
| Diluted earnings per share | -1.15 | -1.58 | -1.63 | -2.62 | -2.21 | -1.98 | -1.30 | -1.03 | -0.98 | -0.90 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $318.9m | $440.7m | $506.2m | $705.6m | $921.5m | $622.5m | $302.3m | $213.0m | $105.3m | $95.0m |
| Cash and short-term investments | $203.7m | $279.1m | $315.2m | $436.2m | $615.9m | $482.9m | $221.4m | $201.0m | $100.9m | $92.1m |
| Total liabilities | $111.8m | $122.0m | $137.8m | $221.6m | $242.6m | $238.0m | $57.5m | $52.6m | $28.1m | $21.9m |
| Debt | — | — | — | — | — | — | — | $14.9m | $14.8m | $10.7m |
| Shareholders' equity | $207.2m | $318.7m | $368.4m | $483.9m | $678.8m | $384.4m | $244.8m | $160.5m | $77.2m | $73.2m |
| Shares outstanding | 119m | 118m | 99m | 97m | 96m | 87m | 76m | 65m | 44m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$106.1m | −$122.9m | −$132.3m | −$248.2m | −$162.9m | −$39.2m | −$83.2m | −$38.6m | −$36.9m | −$29.8m |
| Capital spending | −$6.0m | −$730,000 | −$6.2m | −$35.6m | −$50.7m | −$4.9m | −$7.4m | −$2.3m | −$1.7m | −$457,000 |
| Free cash flow | −$112.0m | −$123.6m | −$138.4m | −$283.8m | −$213.6m | −$44.2m | −$90.6m | −$41.0m | −$38.6m | −$30.3m |
| Dividends paid | — | — | — | — | — | — | −$2.5m | — | −$15.2m | −$186,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1m | $1.3m | $1.4m | $1.7m | $1.9m | $1.6m | $1.9m | $3.1m |
| Operating income | −$31.1m | −$33.0m | −$34.7m | −$34.7m | −$37.0m | −$41.3m | −$61.7m | −$52.4m |
| Net income | −$30.2m | −$31.2m | −$32.4m | −$32.3m | −$34.1m | −$37.6m | −$52.2m | −$47.7m |
| Diluted earnings per share | -0.25 | -0.26 | -0.27 | -0.27 | -0.29 | -0.32 | -0.44 | -0.40 |
| Cash from operations | −$23.0m | −$30.0m | −$23.0m | −$24.0m | −$24.0m | −$33.0m | −$27.0m | −$29.0m |
| Capital spending | — | — | −$1.0m | −$2.0m | −$1.0m | −$1.0m | — | — |
| Free cash flow | — | — | −$24.0m | −$26.0m | −$25.0m | −$34.0m | — | — |
| Total assets | $260.1m | $284.9m | $318.9m | $343.7m | $371.6m | $398.7m | $440.7m | $495.0m |
| Cash and short-term investments | $153.8m | $174.8m | $203.7m | $215.4m | $222.8m | $240.4m | $279.1m | $296.9m |
| Debt | $4.9m | $4.7m | $4.6m | $4.8m | $5.7m | $6.5m | $7.4m | $6.9m |
| Shareholders' equity | $153.4m | $179.7m | $207.2m | $234.1m | $261.4m | $288.4m | $318.7m | $362.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -59.0% | -26.7% | 10.6% |
| Operating income | -21.8% | 2.9% | 18.2% |
| Net income | -18.8% | -4.7% | 16.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1765.4% | -475.8% | -449.5% | -501.0% |
| Net margin | -1590.9% | -410.1% | -420.4% | -475.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | -1.0 | -2.3 | -1.5 | -10.2 | -17.7 | -5.8 | -4.8 | -2.4 | -1.1 |
| Price to sales | 17.6 | 14.3 | 5.8 | 3.9 | 38.7 | 97.4 | 53.4 | 67.4 | 25.1 | 8.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -38% | -49% | -33% | -79% | -36% | 363% | 63% | 176% | 64% | -16% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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