K 
30.12
+4.58%
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
$95.1m
FY2020FY2026
Net income
−$131.6m
FY2020FY2026
Free cash flow
−$116.6m
FY2020FY2026
Shareholders' equity
$259.7m
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $95.1m | $59.8m | $27.8m | $7.6m | — | — |
| Gross profit | $48.9m | $24.2m | $362,000 | −$10.7m | — | — |
| Research and development | $19.5m | $15.7m | $15.5m | $15.8m | $18.8m | $22.8m |
| Operating income | −$134.7m | −$109.1m | −$87.9m | −$78.6m | −$32.7m | −$29.3m |
| Net income | −$131.6m | −$113.8m | −$94.1m | −$84.2m | −$34.1m | −$29.5m |
| Diluted earnings per share | -2.25 | -2.22 | -1.90 | -1.44 | -0.69 | -0.59 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | $358.5m | $295.7m | $45.9m | $38.7m | $30.5m | $7.9m |
| Cash and short-term investments | $196.4m | $237.6m | $8.2m | $14.8m | $24.3m | $5.8m |
| Total liabilities | $98.8m | $90.3m | $255.3m | $156.2m | $28.8m | $4.0m |
| Debt | $46.8m | $44.3m | $45.2m | $39.1m | $22.8m | $452,000 |
| Shareholders' equity | $259.7m | $205.4m | −$209.4m | −$117.6m | $1.8m | $3.9m |
| Shares outstanding | 59m | 51m | 50m | 59m | 50m | 50m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −$81.7m | −$77.6m | −$72.2m | −$69.6m | −$29.9m | −$30.3m |
| Capital spending | −$34.9m | −$23.6m | −$12.5m | −$15.5m | −$336,000 | −$232,000 |
| Free cash flow | −$116.6m | −$101.2m | −$84.7m | −$85.1m | −$30.2m | −$30.5m |
| Dividends paid | −$323,000 | −$1.7m | −$799,000 | −$671,000 | −$187,000 | −$183,000 |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.0m | $28.6m | $24.6m | $22.6m | $19.4m | $17.2m | $15.1m | $14.7m |
| Gross profit | $17.5m | $15.7m | $12.9m | $11.4m | $8.9m | $7.6m | $6.5m | $5.8m |
| Operating income | −$37.7m | −$39.3m | −$34.8m | −$32.6m | −$28.9m | −$49.2m | −$20.6m | −$19.2m |
| Net income | −$44.1m | −$38.8m | −$34.2m | −$32.8m | −$25.8m | −$52.1m | −$21.5m | −$20.4m |
| Diluted earnings per share | -0.75 | -0.66 | -0.58 | -0.64 | -0.50 | -1.01 | -0.42 | -0.41 |
| Cash from operations | −$32.0m | −$18.0m | −$18.0m | −$18.0m | −$26.0m | −$23.0m | −$17.0m | −$18.0m |
| Capital spending | −$8.0m | −$9.0m | −$9.0m | −$7.0m | −$8.0m | −$8.0m | −$4.0m | −$4.0m |
| Free cash flow | −$40.0m | −$27.0m | −$27.0m | −$25.0m | −$34.0m | −$31.0m | −$21.0m | −$22.0m |
| Total assets | $347.4m | $358.5m | $379.3m | $246.7m | $266.3m | $295.7m | $108.0m | $121.5m |
| Cash and short-term investments | $198.9m | $196.4m | $291.3m | $175.4m | $201.2m | $237.6m | $54.4m | $76.9m |
| Debt | $72.5m | $42.7m | $42.3m | $41.9m | $41.5m | $41.3m | $43.7m | $43.3m |
| Shareholders' equity | $222.4m | $259.7m | $288.0m | $164.1m | $184.2m | $205.4m | −$274.1m | −$253.0m |
Financial ratios
Data as of 2 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 51.4% | 40.5% | 1.3% | -139.6% | — | — |
| Operating margin | -153.1% | -177.1% | -315.9% | -1030.1% | — | — |
| Net margin | -138.4% | -190.3% | -338.4% | -1104.0% | — | — |
| Return on equity | -50.7% | -55.4% | 45.0% | 71.6% | -1931.0% | -764.0% |
| Return on assets | -36.7% | -38.5% | -204.8% | -217.9% | -111.7% | -374.3% |
| Free cash flow yield | -2.7% | -3.5% | -4.1% | -3.7% | -2.0% | -2.0% |
| Revenue growth | 59.0% | 115.1% | 264.5% | — | — | — |
| Earnings growth | 15.6% | 20.9% | 11.7% | 147.0% | 15.7% | — |
| Current ratio | 4.41x | 6.72x | 0.45x | 0.50x | 3.96x | 1.54x |
| Debt to equity | 0.16x | 0.20x | -0.20x | -0.33x | 12.06x | 0.12x |
| Equity ratio | 72.4% | 69.5% | -455.7% | -304.2% | 5.8% | 49.0% |
| Interest coverage | -19.30x | -13.70x | -14.10x | -13.96x | -28.04x | — |
| R&D as a share of sales | 20.5% | 26.2% | 55.7% | 206.5% | — | — |
| Buybacks as a share of market value | -14.0% | -3.7% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 131.9% | — | — |
| Operating income | 19.7% | 35.7% | — |
| Net income | 16.0% | 34.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.2% | 33.0% | — | — |
| Operating margin | -157.4% | -215.5% | — | — |
| Net margin | -158.4% | -222.6% | — | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | |
|---|---|---|
| Price to earnings | -13.6 | -12.0 |
| Price to sales | 18.8 | 22.8 |
Market value over time
31 Mar 2025 to 30 Oct 2026, in USD
$1.23bn$1.74bn
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 24% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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