G 
10.65
+9.01%
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
$48.5m
FY2016FY2025
Net income
−$170.4m
FY2016FY2025
Free cash flow
−$171.3m
FY2016FY2025
Shareholders' equity
−$122.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.5m | $114.7m | — | — | — | — | — | — | — | — |
| Gross profit | $47.5m | $114.7m | −$4.4m | −$4.4m | −$5.2m | −$4.3m | −$3.1m | −$297,000 | — | — |
| Research and development | $174.1m | $138.5m | $135.3m | $170.9m | $170.3m | $158.0m | $143.4m | $55.3m | $891,000 | — |
| Operating income | −$161.4m | −$59.9m | −$183.8m | −$217.1m | −$215.3m | −$230.7m | −$186.1m | −$149.0m | −$6.7m | −$83,000 |
| Net income | −$170.4m | −$56.5m | −$179.8m | −$229.4m | −$234.0m | −$243.4m | −$180.8m | −$147.0m | −$6.8m | −$83,000 |
| Diluted earnings per share | -60.15 | -0.25 | -0.80 | -2.43 | -3.10 | -3.32 | -2.95 | -5.92 | -0.27 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $172.2m | $315.3m | $311.9m | $272.4m | $343.7m | $539.4m | $426.6m | $239.4m | $445,000 | $60,000 |
| Cash and short-term investments | $136.9m | $294.5m | $296.4m | $255.7m | $325.2m | $512.6m | $401.8m | $228.7m | $315,000 | $60,000 |
| Total liabilities | $295.0m | $285.8m | $249.1m | $260.4m | $222.2m | $218.7m | $74.1m | $359.5m | $7.3m | $183,000 |
| Debt | $202.9m | $202.9m | $212.5m | $225.7m | $185.2m | $183.7m | $39.5m | — | $6.0m | $40,000 |
| Shareholders' equity | −$122.8m | $29.5m | $62.8m | $12.1m | $121.5m | $320.7m | $352.5m | −$120.1m | −$6.9m | −$123,000 |
| Shares outstanding | 3m | 227m | 225m | 94m | 76m | 73m | 61m | 25m | 25m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$171.3m | −$3.5m | −$159.2m | −$187.0m | −$188.9m | −$176.4m | −$144.8m | −$51.0m | −$5.7m | $20,000 |
| Capital spending | −$79,000 | — | — | −$475,000 | −$1.6m | −$24.9m | −$6.6m | −$21.2m | −$3.5m | −$3.5m |
| Free cash flow | −$171.3m | −$3.5m | −$159.2m | −$187.5m | −$190.5m | −$201.2m | −$151.4m | −$72.3m | −$9.2m | −$3.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.2m | $17.0m | $13.8m | $13.3m | $11.5m | $9.9m | $9.4m | $9.5m |
| Gross profit | $9.2m | $16.7m | $13.8m | $13.3m | $11.5m | $9.9m | $9.4m | $9.5m |
| Operating income | $19.3m | −$44.3m | −$45.0m | −$49.1m | −$38.8m | −$36.8m | −$36.1m | −$33.9m |
| Net income | $16.9m | −$46.7m | −$47.2m | −$48.2m | −$38.3m | −$36.6m | −$33.0m | −$30.8m |
| Diluted earnings per share | 4.11 | -11.35 | -16.68 | -17.02 | -13.51 | -12.93 | -0.15 | -0.14 |
| Cash from operations | −$39.0m | −$38.0m | −$48.0m | −$36.0m | −$47.0m | −$39.0m | −$35.0m | −$32.0m |
| Capital spending | — | — | — | — | — | — | — | −$32.0m |
| Free cash flow | — | — | — | — | — | — | — | −$64.0m |
| Total assets | $76.9m | $128.9m | $172.2m | $208.8m | $240.9m | $280.6m | $315.3m | $350.9m |
| Cash and short-term investments | $57.0m | $99.2m | $136.9m | $180.2m | $212.9m | $257.9m | $294.5m | $327.0m |
| Debt | $36.1m | $199.7m | $199.4m | $199.2m | $198.9m | $198.6m | $198.5m | $199.0m |
| Shareholders' equity | −$94.0m | −$161.5m | −$122.8m | −$82.3m | −$46.1m | −$6.3m | $29.5m | $54.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -9.4% | -6.9% | — |
| Net income | -9.4% | -6.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 99.4% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -32.7 | -10.3 | -8.0 | -8.4 | -6.7 | -12.1 |
| Price to sales | 1.6 | 16.1 | — | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 327% | -11% | -56% | -24% | -4% | -31% | 41% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 80-to-1 reverse split · 11 Sept 2026
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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