K 
1.45
+13.28%
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
$3.8m
FY2021FY2025
Net income
−$585.5m
FY2021FY2025
Free cash flow
−$116.5m
FY2021FY2025
Shareholders' equity
−$59.9m
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|
| Revenue | $3.8m | $14.9m | $16.9m | — |
| Gross profit | −$21.0m | $14.9m | $16.9m | — |
| Research and development | $50.2m | $43.4m | $39.5m | — |
| Operating income | −$580.1m | −$65.4m | −$53.7m | −$10,000 |
| Net income | −$585.5m | −$69.5m | −$56.9m | −$10,000 |
| Diluted earnings per share | -3.33 | -0.79 | -0.91 | — |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|
| Total assets | $159.4m | $35.6m | $46.3m | $420,000 |
| Cash and short-term investments | $120.7m | $16.7m | $27.8m | — |
| Total liabilities | $219.3m | $286.4m | $233.4m | $400,000 |
| Debt | $41.8m | $36.0m | $38.2m | $180,000 |
| Shareholders' equity | −$59.9m | −$250.8m | −$187.1m | $10,000 |
| Shares outstanding | 176m | 88m | 63m | 56m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|
| Cash from operations | −$94.4m | −$51.0m | −$43.8m | — |
| Capital spending | −$22.0m | −$3.2m | −$3.3m | — |
| Free cash flow | −$116.5m | −$54.2m | −$47.1m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5m | $1.8m | $1.1m | $770,000 | $503,000 | $1.5m | $7.1m | $7.1m |
| Gross profit | — | −$6.5m | −$7.6m | −$130,000 | $503,000 | $1.5m | $7.1m | $7.1m |
| Operating income | −$43.7m | −$37.9m | −$38.7m | −$30.0m | −$25.3m | −$18.6m | −$15.9m | −$15.5m |
| Net income | $12.5m | $26.5m | −$73.7m | −$269.9m | −$113.7m | −$128.2m | −$16.7m | −$16.7m |
| Diluted earnings per share | 0.06 | 0.14 | -0.42 | -1.53 | -0.65 | -0.73 | -0.19 | -0.19 |
| Cash from operations | −$34.0m | −$29.0m | −$24.0m | −$68.0m | −$20.0m | −$16.0m | — | — |
| Capital spending | −$3.0m | −$5.0m | −$10.0m | −$11.0m | −$2.0m | −$2.0m | — | — |
| Free cash flow | −$37.0m | −$34.0m | −$34.0m | −$79.0m | −$22.0m | −$18.0m | — | — |
| Total assets | $194.4m | $130.8m | $159.4m | $177.8m | $54.7m | $37.2m | $35.6m | $35.6m |
| Cash and short-term investments | $151.1m | $90.8m | $120.7m | $146.2m | $20.2m | $17.7m | $16.7m | $16.7m |
| Debt | $44.3m | $43.8m | $32.9m | $35.5m | $76.2m | $34.1m | $36.0m | $18.4m |
| Shareholders' equity | $34.3m | −$22.7m | −$59.9m | $3.7m | −$486.9m | −$376.6m | −$78.6m | −$78.6m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Gross margin | -552.4% | 100.0% | 100.0% |
| Operating margin | -15312.8% | -432.0% | -304.1% |
| Net margin | -15420.7% | -465.1% | -336.0% |
| Return on equity | 978.0% | 27.7% | 30.4% |
| Return on assets | -367.3% | -195.3% | -123.0% |
| Free cash flow yield | -36.8% | -48.3% | -58.0% |
| Revenue growth | -74.6% | -11.9% | — |
| Earnings growth | 743.0% | 22.0% | — |
| Current ratio | 4.73x | 0.65x | 2.08x |
| Debt to equity | -0.55x | -0.14x | -0.20x |
| Equity ratio | -37.6% | -705.4% | -404.2% |
| Interest coverage | -141.95x | -13.03x | -9.53x |
| R&D as a share of sales | 1321.0% | 290.9% | 232.9% |
| Buybacks as a share of market value | -99.1% | -41.3% | -380.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -32.3% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -3.3 |
Market value over time
30 Jun 2023 to 2 Nov 2026, in USD
$1.77bn$216.4m
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 17% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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