E 
Search any instrument
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
$1.6m
FY2019FY2025
Net income
−$63.4m
FY2019FY2025
Free cash flow
−$53.7m
FY2019FY2025
Shareholders' equity
$8.6m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.6m | $6.3m | $7.5m | $894,000 | $686,000 | — | — |
| Research and development | $8.3m | $11.8m | $42.6m | $72.0m | $30.3m | $12.9m | $6.7m |
| Operating income | −$58.0m | −$89.8m | −$85.9m | −$105.5m | −$60.6m | −$30.3m | −$9.9m |
| Net income | −$63.4m | −$86.2m | −$77.6m | −$78.0m | −$477.1m | −$30.4m | −$11.5m |
| Diluted earnings per share | -3.18 | -0.49 | -0.45 | -0.51 | -3.51 | -0.23 | -1.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $51.2m | $71.8m | $143.2m | $173.6m | $250.2m | $9.0m | $21.1m |
| Cash and short-term investments | $22.0m | $31.6m | $108.1m | $139.8m | $238.9m | $4.9m | $18.3m |
| Total liabilities | $42.6m | $42.9m | $39.9m | $36.6m | $45.0m | $10.7m | $5.6m |
| Debt | $19.1m | — | — | $1.9m | $3.8m | $5.7m | $800,000 |
| Shareholders' equity | $8.6m | $28.9m | $103.4m | $137.0m | $205.2m | −$1.6m | $15.6m |
| Shares outstanding | 20m | 177m | 174m | 153m | 136m | 135m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$50.3m | −$72.2m | −$54.9m | −$81.6m | −$51.8m | −$16.6m | −$6.7m |
| Capital spending | −$3.4m | −$7.3m | −$5.8m | −$14.2m | −$2.8m | −$502,000 | −$851,000 |
| Free cash flow | −$53.7m | −$79.5m | −$60.7m | −$95.8m | −$54.6m | −$17.1m | −$7.5m |
| Dividends paid | — | — | — | −$657,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $73,000 | $128,000 | −$1.6m | $214,000 | $2.4m | $599,000 | $2.9m | $359,000 |
| Operating income | −$15.1m | −$18.4m | −$18.7m | −$9.8m | −$11.6m | −$18.1m | −$23.5m | −$23.7m |
| Net income | −$15.6m | −$15.9m | −$24.0m | −$10.4m | −$11.1m | −$18.0m | −$23.5m | −$22.5m |
| Diluted earnings per share | -0.46 | -0.47 | -1.20 | -0.52 | -0.55 | -0.90 | -0.13 | -0.13 |
| Cash from operations | −$8.0m | −$13.0m | −$13.0m | −$5.0m | −$12.0m | −$18.0m | −$20.0m | −$17.0m |
| Capital spending | — | — | −$2.0m | — | — | — | −$3.0m | −$2.0m |
| Free cash flow | — | — | −$15.0m | — | — | — | −$23.0m | −$19.0m |
| Total assets | $32.5m | $48.6m | $51.2m | $36.1m | $39.6m | $53.6m | $71.8m | $96.7m |
| Cash and short-term investments | $10.8m | $21.5m | $22.0m | $3.5m | $797,000 | $12.8m | $31.6m | $55.1m |
| Debt | $1.9m | $10.9m | $19.1m | $8.7m | $872,000 | $1.3m | $1.7m | $1.6m |
| Shareholders' equity | −$2.7m | $9.4m | $8.6m | −$1.8m | $3.3m | $12.1m | $28.9m | $49.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.0% | — | — |
| Operating income | -18.1% | 13.9% | — |
| Net income | -6.6% | 15.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1875.9% | -2079.3% | — | — |
| Net margin | -1899.7% | -1871.1% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -0.2 | -1.5 | -4.8 | -8.9 | -6.1 |
| Price to sales | 8.1 | 20.6 | 49.1 | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 6% | -73% | -53% | -78% | 13% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 26 Aug 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.