H 
3.14
+5.02%
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
$3.5m
FY2018FY2025
Net income
−$57.2m
FY2018FY2025
Free cash flow
−$70.3m
FY2018FY2025
Shareholders' equity
$192.0m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5m | $1.5m | $672,000 | $2.1m | $200,000 | — | — | — |
| Research and development | $37.0m | $1.5m | $82.2m | $110.4m | $58.3m | $11.9m | $8.4m | $15.7m |
| Operating income | −$65.1m | −$64.3m | −$137.4m | −$159.0m | −$96.1m | $329.6m | −$10.9m | −$19.9m |
| Net income | −$57.2m | −$52.0m | −$123.5m | −$153.4m | −$96.0m | $324.1m | −$14.1m | −$591 |
| Diluted earnings per share | -0.32 | -0.30 | -0.68 | -0.85 | -0.55 | 0.00 | -2.42 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $203.6m | $263.0m | $328.4m | $446.7m | $578.4m | $655.1m | $14.1m | $400,143 |
| Cash and short-term investments | $92.4m | $120.1m | $163.2m | $313.2m | $377.2m | $591.6m | $6.3m | $1.1m |
| Total liabilities | $11.6m | $18.7m | $22.1m | $23.2m | $24.5m | $14.9m | $32.2m | $375,734 |
| Debt | — | — | — | — | — | $1.0m | — | — |
| Shareholders' equity | $192.0m | $244.4m | $306.3m | $423.6m | $553.9m | $640.2m | −$18.1m | $24,409 |
| Shares outstanding | 176m | 175m | 183m | 180m | 173m | 104,324m | 6m | 28m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$46.5m | −$56.7m | −$117.0m | −$116.9m | −$80.5m | −$22.9m | −$11.1m | −$18.1m |
| Capital spending | −$23.7m | −$16.5m | −$7.4m | −$17.3m | −$2.4m | −$311,000 | −$349,000 | −$610,000 |
| Free cash flow | −$70.3m | −$73.3m | −$124.4m | −$134.2m | −$82.9m | −$23.3m | −$11.4m | −$18.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.9m | $2.8m | $712,000 | $759,000 | $1.5m | $489,000 | $1.5m | $2.6m |
| Operating income | −$15.3m | −$13.6m | −$15.4m | −$15.4m | −$16.0m | −$18.3m | −$17.1m | −$15.1m |
| Net income | −$13.9m | −$11.7m | −$13.2m | −$13.3m | −$13.4m | −$17.3m | −$14.4m | −$11.2m |
| Diluted earnings per share | -0.08 | -0.07 | -0.07 | -0.08 | -0.08 | -0.10 | -0.08 | -0.06 |
| Cash from operations | −$7.0m | −$12.0m | −$11.0m | −$10.0m | −$9.0m | −$14.0m | −$13.0m | −$9.0m |
| Capital spending | — | −$1.0m | −$1.0m | −$10.0m | −$4.0m | −$7.0m | −$5.0m | −$2.0m |
| Free cash flow | — | −$13.0m | −$12.0m | −$20.0m | −$13.0m | −$21.0m | −$18.0m | −$11.0m |
| Total assets | $179.6m | $190.8m | $203.6m | $216.2m | $229.2m | $241.0m | $263.0m | $272.3m |
| Cash and short-term investments | $64.2m | $72.5m | $92.4m | $105.0m | $108.6m | $121.1m | $120.1m | $151.0m |
| Debt | $2.5m | $2.8m | $2.7m | $2.6m | $2.6m | $2.5m | $2.4m | $1.5m |
| Shareholders' equity | $169.5m | $181.7m | $192.0m | $203.9m | $215.9m | $228.0m | $244.4m | $257.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.2% | — | — |
| Operating income | -25.8% | — | — |
| Net income | -28.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2595.4% | -5485.1% | — | — |
| Net margin | -2191.7% | -4974.3% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | |
|---|---|---|---|---|---|---|
| Price to earnings | -5.7 | -8.8 | -1.2 | -1.5 | -6.2 | -2.3 |
| Price to sales | 93.4 | 302.5 | 221.4 | 109.8 | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | -31% | 278% | -50% | -57% | -65% | 72% | 3% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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