I 
31.73
+2.39%
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
$297.6m
FY2016FY2025
Net income
−$26.4m
FY2016FY2025
Free cash flow
−$11.2m
FY2016FY2025
Shareholders' equity
$381.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $297.6m | $248.0m | $197.4m | $144.2m | $27.0m | $30.1m | $25.7m | $23.7m | $14.4m | $16.5m |
| Research and development | $204.5m | $177.4m | $129.4m | $84.3m | $74.3m | $74.8m | $100.0m | $83.6m | $61.2m | $46.0m |
| Operating income | −$33.7m | −$56.3m | −$47.2m | −$42.8m | −$129.2m | −$88.8m | −$118.3m | −$93.5m | −$67.5m | −$32.5m |
| Net income | −$26.4m | −$40.8m | −$43.8m | −$43.5m | −$133.5m | −$74.1m | −$103.9m | −$71.6m | −$49.6m | −$23.1m |
| Diluted earnings per share | -0.52 | -0.82 | -0.89 | -0.93 | -3.04 | -1.93 | -3.81 | -2.62 | -20.16 | -9.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.07bn | $1.01bn | $597.0m | $526.8m | $407.3m | $197.2m | $245.9m | $195.8m | $198.0m | $219.1m |
| Cash and short-term investments | $864.2m | $820.4m | $442.6m | $402.5m | $321.1m | $176.8m | $98.0m | $124.4m | $118.5m | $176.5m |
| Total liabilities | $686.2m | $648.8m | $228.2m | $187.9m | $175.8m | $141.8m | $226.4m | $139.2m | $60.5m | $44.1m |
| Debt | $395.1m | $392.6m | $49.4m | $41.4m | $38.9m | $49.3m | $28.0m | $18.9m | — | — |
| Shareholders' equity | $381.0m | $360.7m | $368.8m | $338.9m | $231.5m | $55.3m | $19.6m | $56.6m | $137.5m | $175.0m |
| Shares outstanding | 50m | 50m | 49m | 47m | 44m | 38m | 27m | 27m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$8.0m | $26.1m | $2.3m | −$49.2m | −$143.1m | −$60.6m | −$101.4m | −$16.6m | −$61.7m | −$36.9m |
| Capital spending | −$3.2m | −$5.2m | −$4.3m | −$2.2m | −$1.4m | −$3.1m | −$4.3m | −$3.5m | −$17.7m | −$6.2m |
| Free cash flow | −$11.2m | $20.9m | −$2.0m | −$51.4m | −$144.5m | −$63.6m | −$105.7m | −$20.2m | −$79.5m | −$43.1m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.7m | $77.4m | $103.7m | $98.0m | $93.9m | $84.1m | $80.2m | $75.4m |
| Operating income | $7.3m | −$14.6m | −$7.2m | −$14.9m | −$3.6m | −$23.0m | −$8.5m | −$16.0m |
| Net income | $13.0m | −$22.3m | $785,000 | −$10.3m | $5.0m | −$23.8m | $8.7m | −$11.6m |
| Diluted earnings per share | 0.25 | -0.44 | 0.02 | -0.20 | 0.10 | -0.48 | 0.17 | -0.23 |
| Cash from operations | −$13.0m | −$32.0m | −$4.0m | $25.0m | — | −$13.0m | $21.0m | $23.0m |
| Capital spending | −$1.0m | −$2.0m | — | — | — | −$3.0m | — | — |
| Free cash flow | −$14.0m | −$34.0m | — | — | — | −$16.0m | — | — |
| Total assets | $1.07bn | $1.07bn | $1.10bn | $1.08bn | $1.03bn | $1.01bn | $1.08bn | $1.02bn |
| Cash and short-term investments | $844.9m | $864.2m | $892.4m | $882.8m | $837.0m | $820.4m | $901.3m | $859.6m |
| Debt | $395.7m | $395.1m | $394.5m | $393.9m | $393.2m | $392.6m | $439.8m | $439.5m |
| Shareholders' equity | $393.7m | $381.0m | $396.6m | $388.5m | $378.5m | $360.7m | $377.8m | $359.1m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -0.7% | -16.9% | -22.3% | -29.7% | -477.8% | -295.0% |
| Net margin | -8.9% | -16.5% | -22.2% | -30.1% | -493.4% | -246.0% |
| Return on equity | -6.9% | -11.3% | -11.9% | -12.8% | -57.6% | -133.9% |
| Return on assets | -2.5% | -4.0% | -7.3% | -8.3% | -32.8% | -37.6% |
| Free cash flow yield | -0.3% | 2.0% | 0.4% | -3.3% | -10.6% | -4.9% |
| Revenue growth | 20.0% | 25.6% | 36.9% | 433.3% | -10.2% | 17.3% |
| Earnings growth | -35.3% | -6.7% | 0.7% | -67.4% | 80.1% | -28.7% |
| Current ratio | 4.04x | 4.38x | 3.80x | 4.70x | 4.29x | 2.78x |
| Debt to equity | 1.04x | 1.09x | 0.13x | 0.12x | 0.17x | 0.89x |
| Equity ratio | 35.7% | 35.7% | 61.8% | 64.3% | 56.8% | 28.1% |
| Interest coverage | -0.17x | -2.22x | -10.81x | -7.91x | -23.18x | -28.57x |
| R&D as a share of sales | 68.7% | 71.6% | 65.6% | 58.5% | 274.8% | 248.4% |
| Buybacks as a share of market value | -0.7% | -2.3% | -4.7% | -6.4% | -14.1% | -40.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.3% | 58.1% | 38.5% |
| Operating income | -7.6% | -17.6% | 9.5% |
| Net income | -15.3% | -18.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -16.5% | -20.3% | -42.1% | -69.8% |
| Net margin | -12.3% | -17.4% | -38.3% | -57.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -66.2 | -36.1 | -76.3 | -61.3 | -11.3 |
| Price to sales | 5.9 | 6.0 | 16.9 | 18.5 | 55.5 |
Market value over time
26 Feb 2021 to 30 Oct 2026, in USD
$1.84bn$1.55bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 27% | -54% | 6% | 74% | -23% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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