F 
2.04
+9.09%
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
$30.9m
FY2018FY2025
Net income
−$74.3m
FY2018FY2025
Free cash flow
−$86.1m
FY2018FY2025
Shareholders' equity
−$108.5m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.9m | $22.6m | $34.2m | $19.2m | $1.3m | $430,000 | — | — |
| Research and development | $85.5m | $94.5m | $109.7m | $105.6m | $80.3m | $57.7m | $44.4m | $21.2m |
| Operating income | −$82.1m | −$102.7m | −$107.9m | −$117.1m | −$100.7m | −$68.5m | −$51.1m | −$26.1m |
| Net income | −$74.3m | −$86.6m | −$98.4m | −$108.9m | −$101.3m | −$68.8m | −$51.1m | −$26.3m |
| Diluted earnings per share | -1.18 | -1.38 | -2.33 | -2.60 | -2.74 | -3.50 | -2.31 | -1.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $198.1m | $284.0m | $285.9m | $404.9m | $519.8m | $255.6m | $22.3m | $43.1m |
| Cash and short-term investments | $158.9m | $243.7m | $234.1m | $345.8m | $154.3m | $185.8m | $15.0m | $40.0m |
| Total liabilities | $306.6m | $329.5m | $363.1m | $404.8m | $422.9m | $109.4m | $110.4m | $82.3m |
| Debt | $923,000 | — | — | — | — | $19.7m | $15.2m | $7.1m |
| Shareholders' equity | −$108.5m | −$45.5m | −$77.2m | $112,000 | $96.9m | $146.2m | −$88.0m | −$39.3m |
| Shares outstanding | 63m | 63m | 42m | 42m | 37m | 20m | 22m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$86.1m | −$100.4m | −$118.1m | $193.6m | −$50.3m | −$31.3m | −$46.3m | −$22.6m |
| Capital spending | −$50,000 | −$906,000 | −$1.2m | −$1.2m | −$3.3m | −$16.2m | −$968,000 | −$1.5m |
| Free cash flow | −$86.1m | −$101.3m | −$119.3m | $192.4m | −$53.6m | −$47.5m | −$47.3m | −$24.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.1m | $3.3m | $9.2m | $8.2m | $7.6m | $6.0m | $2.9m | $7.8m |
| Operating income | −$8.8m | −$21.6m | −$19.6m | −$18.5m | −$21.1m | −$22.9m | −$24.0m | −$23.9m |
| Net income | −$7.2m | −$19.9m | −$21.7m | −$15.8m | −$17.9m | −$18.8m | −$19.5m | −$19.1m |
| Diluted earnings per share | -0.10 | -0.28 | -0.34 | -0.25 | -0.28 | -0.30 | -0.31 | -0.31 |
| Cash from operations | −$18.0m | −$25.0m | −$22.0m | −$18.0m | −$21.0m | −$23.0m | −$24.0m | −$21.0m |
| Total assets | $203.4m | $222.2m | $198.1m | $205.0m | $226.2m | $258.7m | $284.0m | $308.4m |
| Cash and short-term investments | $167.6m | $184.9m | $158.9m | $180.3m | $198.7m | $220.6m | $243.7m | $267.4m |
| Debt | $2.8m | $1.9m | $923,000 | $6.8m | $6.2m | $9.1m | $9.1m | $8.8m |
| Shareholders' equity | −$81.0m | −$76.4m | −$108.5m | −$89.7m | −$76.7m | −$61.7m | −$45.5m | −$28.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.1% | 135.1% | — |
| Operating income | -11.2% | 3.7% | — |
| Net income | -12.0% | 1.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -345.3% | -383.4% | -533.0% | — |
| Net margin | -300.7% | -344.5% | -495.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -4.6 | -3.4 | -2.8 | -2.5 | -8.3 | -5.8 |
| Price to sales | 11.0 | 13.1 | 8.0 | 13.9 | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 2% | -15% | -5% | -69% | -18% | 31% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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