F 
1.99
+7.57%
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
$63.3m
FY2016FY2025
Net income
$6.8m
FY2016FY2025
Free cash flow
−$65.8m
FY2016FY2025
Shareholders' equity
$49.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.3m | $57.7m | $84.5m | $75.7m | $68.8m | $45.6m | $36.6m | $26.9m | $187.6m | $16.5m |
| Research and development | $11.9m | $56.9m | $106.1m | $134.9m | $128.9m | $64.1m | $81.3m | $87.4m | $52.5m | $35.1m |
| Operating income | −$70.2m | −$109.7m | −$141.7m | −$203.0m | −$188.5m | −$94.3m | −$110.8m | −$121.6m | −$93.3m | −$67.6m |
| Net income | $6.8m | −$46.0m | −$60.6m | −$86.6m | −$64.7m | −$46.5m | −$40.0m | −$84.1m | −$66.9m | −$55.1m |
| Diluted earnings per share | 0.19 | -2.27 | -7.77 | -14.33 | -11.60 | -8.74 | -10.05 | -29.28 | -24.35 | -20.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $185.5m | $144.2m | $167.5m | $294.3m | $396.5m | $333.4m | $226.4m | $141.0m | $245.9m | $170.7m |
| Cash and short-term investments | $79.4m | $57.3m | $80.9m | $178.3m | $305.7m | $233.4m | $136.9m | $83.1m | $131.0m | $91.7m |
| Total liabilities | $123.4m | $145.9m | $165.9m | $244.3m | $170.6m | $136.4m | $153.9m | $121.3m | $125.4m | $87.8m |
| Debt | $74.3m | $76.0m | $84.7m | $127.3m | $75.0m | $89.1m | $115.1m | $79.5m | $62.5m | $28.2m |
| Shareholders' equity | $49.9m | $22.7m | $22.5m | $41.7m | $108.7m | $100.3m | $26.2m | $1.9m | $52.6m | $38.5m |
| Shares outstanding | 36m | 20m | 8m | 6m | 6m | 5m | 4m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$65.8m | −$80.2m | −$128.2m | −$179.4m | −$116.5m | −$83.7m | −$95.0m | −$98.8m | −$85.4m | −$45.8m |
| Capital spending | — | −$15.0m | −$8.1m | −$3.1m | −$16.3m | −$7.2m | −$9.4m | −$9.4m | −$5.4m | −$10.5m |
| Free cash flow | −$65.8m | −$95.2m | −$136.3m | −$182.5m | −$132.9m | −$90.8m | −$104.4m | −$108.2m | −$90.9m | −$56.3m |
| Dividends paid | −$664,000 | −$4.7m | −$8.8m | −$8.8m | −$8.8m | −$6.8m | −$2.6m | −$2.3m | −$299,000 | −$299,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.7m | $16.0m | $16.1m | $17.6m | $16.4m | $13.1m | $15.1m | $14.6m |
| Operating income | −$10.0m | $145.1m | −$4.8m | $10.9m | −$36.5m | −$22.4m | −$27.3m | −$24.4m |
| Net income | −$468,000 | $110.4m | −$3.9m | $5.8m | $15.5m | −$10.6m | −$6.8m | −$12.9m |
| Diluted earnings per share | -0.01 | 2.98 | -0.11 | 0.16 | 0.43 | -0.30 | -0.33 | -0.64 |
| Cash from operations | −$59.0m | $203.0m | −$12.0m | −$6.0m | −$27.0m | −$19.0m | −$12.0m | −$20.0m |
| Total assets | $316.7m | $356.9m | $185.5m | $181.4m | $159.9m | $178.1m | $144.2m | $127.1m |
| Cash and short-term investments | $196.6m | $255.8m | $79.4m | $86.2m | $74.4m | $91.3m | $57.3m | $58.9m |
| Debt | $41.8m | $41.6m | $61.6m | $55.5m | $55.9m | $60.4m | $61.2m | $56.2m |
| Shareholders' equity | $164.1m | $162.2m | $49.9m | $55.9m | $43.9m | $22.3m | $22.7m | $21.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.8% | 6.8% | 53.6% |
| Operating income | -29.8% | -5.7% | 3.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -148.8% | -186.6% | -204.1% | -188.4% |
| Net margin | -32.4% | -66.3% | -75.2% | -89.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.2 | -0.9 | -0.4 | -0.4 | -2.0 | -3.4 | -2.4 | -0.3 | -1.6 | -1.2 |
| Price to sales | 2.1 | 0.7 | 0.3 | 0.5 | 1.9 | 3.5 | 2.6 | 0.9 | 0.6 | 4.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 88% | -27% | -53% | -79% | -22% | 45% | 211% | -78% | 52% | -19% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 10 Oct 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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