I 
2.50
+0.40%
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
$4.1m
FY2016FY2025
Net income
−$50.2m
FY2016FY2025
Free cash flow
−$25.4m
FY2016FY2025
Shareholders' equity
−$31.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.1m | $1.9m | $1.5m | $958,000 | $2.2m | $1.2m | — | — | — | — |
| Research and development | $15.9m | $9.8m | $9.3m | $7.3m | $5.0m | $9.8m | $6.8m | $6.5m | $7.2m | $5.7m |
| Operating income | −$50.1m | −$61.0m | −$25.1m | −$18.5m | −$53.7m | −$29.7m | −$22.2m | −$15.2m | −$18.8m | −$11.1m |
| Net income | −$50.2m | −$60.7m | −$27.8m | −$72.9m | −$64.1m | −$29.9m | −$22.3m | −$15.8m | −$19.4m | −$11.2m |
| Diluted earnings per share | -1.65 | -3.49 | -3.47 | -12.15 | -16.02 | -8.89 | -7.44 | -7.88 | -9.69 | -7.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $25.8m | $35.1m | $74.9m | $100.1m | $159.6m | $55.4m | $39.9m | $9.5m | $10.2m | $14.4m |
| Cash and short-term investments | $11.6m | $8.6m | $9.4m | $20.4m | $33.9m | $7.8m | $22.5m | $8.5m | $8.4m | $12.4m |
| Total liabilities | $57.2m | $47.4m | $54.4m | $60.5m | $94.3m | $21.9m | $9.0m | $6.1m | $5.8m | $4.6m |
| Debt | $1.8m | $935,000 | — | $100,000 | $1.5m | $4.3m | $3.2m | $1.7m | $2.5m | $500,000 |
| Shareholders' equity | −$31.5m | −$12.3m | $20.5m | $39.6m | $65.2m | $33.5m | $30.8m | $3.4m | $4.4m | $9.9m |
| Shares outstanding | 30m | 17m | 8m | 6m | 4m | 3m | 3m | 2m | 2m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$22.2m | −$20.7m | −$23.3m | −$45.6m | −$35.9m | −$26.0m | −$19.7m | −$11.6m | −$13.4m | −$7.5m |
| Capital spending | −$3.2m | −$516,000 | −$281,000 | −$4.3m | −$2.2m | −$1.2m | −$918,000 | −$31,000 | −$91,000 | −$106,000 |
| Free cash flow | −$25.4m | −$21.2m | −$23.6m | −$49.9m | −$38.2m | −$27.2m | −$20.6m | −$11.7m | −$13.5m | −$7.6m |
| Dividends paid | — | — | — | — | — | — | — | −$96,000 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $239,000 | $32,000 | $1.1m | $260,000 | $518,000 | $2.1m | $1.5m | $115,000 |
| Operating income | −$11.4m | −$4.3m | −$9.9m | −$11.0m | −$9.8m | −$6.8m | −$33.6m | −$13.5m |
| Net income | −$11.3m | −$4.3m | −$23.0m | −$10.9m | −$9.7m | −$6.7m | −$33.5m | −$13.5m |
| Diluted earnings per share | -0.31 | -0.12 | -0.75 | -0.36 | -0.32 | -0.22 | -1.93 | -0.78 |
| Cash from operations | −$9.0m | −$7.0m | −$5.0m | −$4.0m | −$6.0m | −$5.0m | −$5.0m | −$5.0m |
| Capital spending | — | — | −$1.0m | −$1.0m | — | — | — | — |
| Free cash flow | — | — | −$6.0m | −$5.0m | — | — | — | — |
| Total assets | $29.4m | $40.4m | $25.8m | $43.9m | $50.5m | $60.4m | $35.1m | $70.2m |
| Cash and short-term investments | $17.8m | $28.2m | $11.6m | $18.7m | $24.3m | $31.0m | $8.6m | $3.4m |
| Debt | $1.7m | $1.8m | $1.8m | $1.6m | $1.5m | $1.4m | $1.3m | $1.3m |
| Shareholders' equity | −$21.3m | −$10.7m | −$31.5m | −$9.2m | $1.1m | $10.2m | −$12.3m | $9.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 61.8% | 27.2% | — |
| Operating income | 39.3% | 11.0% | 19.1% |
| Net income | -11.7% | 10.9% | 19.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1872.5% | -1843.7% | -2017.2% | — |
| Net margin | -1868.0% | -2519.6% | -2587.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.5 | -0.7 | -0.7 | -0.5 | -2.7 | -5.4 | -3.6 | -1.3 | -3.6 | -6.8 |
| Price to sales | 56.4 | 22.0 | 13.3 | 40.2 | 79.0 | 132.4 | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 136% | -23% | -49% | -87% | -11% | 110% | 123% | -76% | -18% | -18% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 25 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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