F 
22.13
+2.60%
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
$623.0m
FY2019FY2025
Net income
$13.5m
FY2019FY2025
Free cash flow
$98.8m
FY2019FY2025
Shareholders' equity
$835.2m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $623.0m | $492.1m | $403.1m | $289.4m | $201.1m | $131.8m | $94.9m |
| Research and development | $70.2m | $66.6m | $62.0m | $50.3m | $31.3m | $24.5m | $15.0m |
| Operating income | $20.0m | −$7.3m | −$21.5m | −$36.1m | −$23.9m | −$15.7m | −$17.1m |
| Net income | $13.5m | $2.9m | −$8.6m | −$39.3m | −$28.1m | −$11.1m | −$20.1m |
| Diluted earnings per share | 0.11 | 0.02 | -0.07 | -0.36 | -0.27 | -0.12 | -1.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $1.25bn | $1.12bn | $1.08bn | $674.3m | $639.7m | $271.4m | $141.0m |
| Cash and short-term investments | $355.0m | $611.1m | $654.6m | $349.2m | $385.4m | $104.1m | $86.0m |
| Total liabilities | $418.1m | $307.7m | $293.6m | $192.4m | $157.3m | $353.2m | $216.3m |
| Debt | $1.3m | — | — | — | $25.9m | $26.3m | $25.9m |
| Shareholders' equity | $835.2m | $814.8m | $786.1m | $481.9m | $482.3m | −$81.8m | −$75.3m |
| Shares outstanding | 128m | 124m | 129m | 108m | 105m | 89m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | $100.2m | $91.5m | $80.6m | $4.9m | $17.1m | −$14.2m | $4.1m |
| Capital spending | −$1.4m | −$924,000 | −$6.0m | −$7.1m | −$6.7m | −$2.1m | −$3.7m |
| Free cash flow | $98.8m | $90.5m | $74.6m | −$2.2m | $10.4m | −$16.4m | $325,000 |
| Dividends paid | — | — | — | −$2.6m | — | — | −$10.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $167.4m | $187.8m | $157.0m | $198.9m | $130.8m | $132.7m | $117.4m | $156.7m |
| Operating income | −$2.8m | $10.8m | −$965,000 | $32.3m | −$7.7m | −$1.1m | −$5.8m | $20.3m |
| Net income | −$8.1m | $12.5m | $33,000 | $29.6m | −$12.0m | −$4.2m | −$15.9m | $38.9m |
| Diluted earnings per share | -0.07 | 0.10 | 0.00 | 0.23 | -0.09 | -0.03 | -0.13 | 0.31 |
| Cash from operations | $21.0m | −$15.0m | $4.0m | $150.0m | $24.0m | −$78.0m | −$41.0m | $191.0m |
| Capital spending | −$3.0m | −$3.0m | — | — | −$2.0m | −$1.0m | — | — |
| Free cash flow | $18.0m | −$18.0m | — | — | $22.0m | −$79.0m | — | — |
| Total assets | $1.16bn | $1.16bn | $1.25bn | $1.26bn | $1.11bn | $1.06bn | $1.12bn | $1.24bn |
| Cash and short-term investments | $294.2m | $325.1m | $355.0m | $377.3m | $274.2m | $255.3m | $611.1m | $681.1m |
| Debt | — | $1.5m | $1.3m | $16.2m | $61.4m | $61.6m | $1.7m | $1.5m |
| Shareholders' equity | $816.6m | $852.2m | $835.2m | $829.1m | $792.4m | $784.3m | $814.8m | $843.2m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.0% | 0.5% | -4.4% | -12.5% | -11.9% | -11.9% |
| Net margin | 2.2% | 0.6% | -2.1% | -13.6% | -14.0% | -8.4% |
| Return on equity | 1.6% | 0.4% | -1.1% | -8.2% | -5.8% | 13.6% |
| Return on assets | 1.1% | 0.3% | -0.8% | -5.8% | -4.4% | -4.1% |
| Free cash flow yield | 4.1% | 3.8% | 3.4% | 0.6% | 1.2% | -0.7% |
| Revenue growth | 26.6% | 22.1% | 39.3% | 43.9% | 52.6% | 38.8% |
| Earnings growth | 365.4% | -133.9% | -78.2% | 40.1% | 152.9% | -44.8% |
| Current ratio | 1.50x | 2.63x | 2.98x | 2.54x | 3.76x | 1.68x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.25x | -1.21x |
| Equity ratio | 66.6% | 72.6% | 72.8% | 71.5% | 75.4% | -30.1% |
| Interest coverage | 7.08x | 4.46x | -4.80x | -29.85x | -11.83x | -6.22x |
| R&D as a share of sales | 11.3% | 13.5% | 15.4% | 17.4% | 15.6% | 18.6% |
| Buybacks as a share of market value | -2.6% | 3.4% | -19.2% | -2.7% | -18.1% | -457.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.6% | 36.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.1% | -2.5% | -4.0% | — |
| Net margin | 1.5% | -1.7% | -3.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 134.0 | — | -218.2 | -42.1 | -89.4 |
| Price to sales | 2.9 | 3.3 | 4.7 | 5.8 | 12.6 |
Market value over time
28 May 2021 to 2 Nov 2026, in USD
$721.1m$2.39bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 13% | -14% | 12% | -35% | -6% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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