I 
91.74
+8.54%
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
$1.3m
FY2016FY2025
Net income
−$140.1m
FY2016FY2025
Free cash flow
−$129.8m
FY2016FY2025
Shareholders' equity
$8.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3m | $200,000 | $1.8m | $2.2m | $7.1m | $12.8m | $9.1m | $7.5m | $8.0m | $6.7m |
| Research and development | $113.0m | $203.7m | $190.6m | $110.2m | $71.4m | $73.5m | $47.9m | $33.5m | $25.5m | $17.0m |
| Operating income | −$135.4m | $1.69bn | −$219.8m | −$129.1m | −$76.6m | −$67.4m | −$43.7m | −$29.5m | −$19.7m | −$12.1m |
| Net income | −$140.1m | $1.69bn | −$241.4m | −$145.2m | −$81.8m | −$75.6m | −$51.4m | −$31.2m | −$19.4m | −$8.3m |
| Diluted earnings per share | -9.04 | 116.58 | -4.47 | -3.36 | -2.12 | -2.01 | -1.79 | -1.12 | -1.07 | -0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $146.5m | $180.8m | $307.9m | $290.9m | $150.4m | $143.7m | $26.5m | $10.0m | $17.2m | $21.3m |
| Cash and short-term investments | $124.2m | $152.6m | $277.9m | $273.9m | $131.3m | $128.7m | $11.5m | $2.1m | $13.5m | $20.0m |
| Total liabilities | $138.5m | $47.2m | $264.4m | $232.8m | $98.1m | $68.3m | $120.1m | $67.6m | $39.7m | $20.0m |
| Debt | $102.9m | — | $207.0m | $202.1m | $70.5m | $29.2m | $33.9m | $9.5m | $14.7m | $4.3m |
| Shareholders' equity | $8.0m | $133.6m | $43.5m | $58.1m | $52.4m | $75.5m | −$93.6m | −$57.6m | −$28.8m | −$9.2m |
| Shares outstanding | 15m | 14m | 54m | 43m | 39m | 38m | 29m | 28m | 18m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$129.8m | −$194.4m | −$193.3m | −$115.3m | −$80.3m | −$48.0m | −$32.1m | −$23.1m | −$18.8m | −$18.1m |
| Capital spending | −$31,000 | −$2.6m | −$4.6m | −$686,000 | −$864,000 | −$1.4m | −$1.8m | −$1.4m | −$1.3m | −$215,000 |
| Free cash flow | −$129.8m | −$197.0m | −$197.9m | −$116.0m | −$81.2m | −$49.3m | −$33.9m | −$24.5m | −$20.1m | −$18.3m |
| Dividends paid | — | — | — | — | — | — | — | −$828,000 | −$1.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $1.3m | — | $100,000 | — |
| Operating income | −$32.1m | −$30.9m | −$31.0m | −$33.9m | −$27.6m | −$43.0m | −$49.9m | −$46.8m |
| Net income | −$36.6m | −$33.4m | −$32.8m | −$35.3m | −$28.7m | −$43.3m | −$47.9m | −$43.9m |
| Diluted earnings per share | -2.34 | -2.13 | -2.12 | -2.28 | -1.85 | -2.80 | -3.31 | -3.03 |
| Cash from operations | −$29.0m | −$38.0m | −$30.0m | −$33.0m | −$29.0m | −$35.0m | −$43.0m | −$30.0m |
| Total assets | $154.2m | $184.0m | $146.5m | $177.5m | $212.1m | $242.6m | $180.8m | $222.6m |
| Cash and short-term investments | $133.3m | $161.7m | $124.2m | $153.1m | $186.6m | $216.5m | $152.6m | $196.3m |
| Debt | $2.5m | $177.4m | $102.9m | $102.2m | $101.4m | $100.6m | $1.6m | $1.8m |
| Shareholders' equity | −$53.0m | −$21.0m | $8.0m | $36.8m | $68.6m | $94.4m | $133.6m | $178.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.0% | -36.7% | — |
| Operating income | 1.6% | 15.0% | — |
| Net income | -1.2% | 13.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -8.7 | 0.1 |
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | 506% | 13% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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