G 
1.00
+0.68%
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
$183.9m
FY2016FY2025
Net income
−$85.8m
FY2016FY2025
Free cash flow
−$111.1m
FY2016FY2025
Shareholders' equity
$225.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $183.9m | $77.0m | $237,000 | $596,000 | $1.4m | $253,000 | $460,000 | $1.1m | $1.1m | $6.2m |
| Research and development | $73.7m | $103.7m | $125.0m | $95.5m | $85.7m | $51.5m | $52.1m | $13.4m | $11.0m | $18.0m |
| Operating income | −$53.1m | −$173.7m | −$193.9m | −$137.5m | −$112.9m | −$76.9m | −$72.5m | −$31.1m | −$29.3m | −$30.6m |
| Net income | −$85.8m | −$174.6m | −$184.1m | −$141.9m | −$116.1m | −$75.6m | −$63.6m | −$27.0m | −$27.9m | −$29.5m |
| Diluted earnings per share | -0.13 | -0.27 | -0.31 | -0.35 | -0.35 | -0.24 | -0.32 | -0.14 | -0.18 | -0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $570.5m | $593.8m | $394.1m | $190.6m | $226.0m | $270.7m | $165.5m | $185.3m | $110.3m | $130.2m |
| Cash and short-term investments | $359.8m | $406.6m | $333.7m | $172.7m | $183.7m | $196.3m | $139.3m | $163.6m | $95.0m | $115.1m |
| Total liabilities | $344.7m | $313.5m | $146.1m | $110.6m | $99.6m | $59.8m | $30.4m | $7.6m | $6.5m | $7.9m |
| Debt | $139.0m | $243.3m | $81.9m | $51.2m | $49.8m | $24.0m | — | — | — | — |
| Shareholders' equity | $225.9m | $280.3m | $247.9m | $80.0m | $126.4m | $210.9m | $135.2m | $177.7m | $103.8m | $122.4m |
| Shares outstanding | 667m | 646m | 595m | 408m | 331m | 319m | 198m | 186m | 159m | 159m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$111.0m | −$218.6m | −$167.7m | −$127.4m | −$95.6m | −$66.7m | −$43.8m | −$21.0m | −$20.6m | −$18.4m |
| Capital spending | −$49,000 | −$680,000 | −$830,000 | −$431,000 | −$207,000 | −$401,000 | −$413,000 | −$16,000 | −$16,000 | −$57,000 |
| Free cash flow | −$111.1m | −$219.3m | −$168.6m | −$127.8m | −$95.8m | −$67.1m | −$44.2m | −$21.0m | −$20.6m | −$18.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.5m | $51.8m | $48.0m | $47.2m | $49.0m | $39.6m | $47.5m | $28.3m |
| Operating income | −$12.5m | $84,000 | −$23.8m | −$14.0m | −$12.5m | −$16.8m | −$21.8m | −$28.2m |
| Net income | −$16.7m | −$3.6m | −$31.1m | −$18.4m | −$16.4m | −$19.8m | −$25.4m | −$26.4m |
| Diluted earnings per share | -0.02 | -0.01 | -0.05 | -0.03 | -0.02 | -0.03 | -0.04 | -0.04 |
| Cash from operations | −$15.0m | −$62.0m | −$22.0m | −$13.0m | −$27.0m | −$47.0m | −$43.0m | −$58.0m |
| Capital spending | — | — | — | — | — | −$47.0m | — | — |
| Free cash flow | — | — | — | — | — | −$94.0m | — | — |
| Total assets | $519.0m | $534.1m | $570.5m | $567.4m | $555.2m | $562.5m | $593.8m | $444.9m |
| Cash and short-term investments | $300.8m | $314.3m | $359.8m | $380.5m | $388.0m | $396.9m | $406.6m | $339.8m |
| Debt | $121.1m | $140.2m | $139.0m | $120.3m | $120.0m | $119.7m | $119.5m | $84.8m |
| Shareholders' equity | $218.6m | $229.1m | $225.9m | $248.7m | $259.5m | $268.2m | $280.3m | $292.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 575.7% | 273.5% | 17.6% |
| Operating income | -27.2% | -7.1% | 57.7% |
| Net income | -15.4% | 2.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -87.0% | -213.3% | -284.1% | -295.7% |
| Net margin | -99.8% | -224.1% | -295.5% | -300.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.3 | -13.1 | -6.8 | -7.0 | -3.5 | -6.7 | -4.3 | -6.9 | -3.8 | -4.1 |
| Price to sales | 4.8 | 29.7 | — | — | 289.8 | — | — | 174.8 | 99.9 | 19.8 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -64% | 64% | 13% | 52% | -19% | 15% | 40% | 46% | -12% | -53% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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