K 
14.96
+1.42%
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
$6.4m
FY2017FY2025
Net income
−$117.3m
FY2017FY2025
Free cash flow
−$79.1m
FY2017FY2025
Shareholders' equity
$51.4m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4m | $2.3m | — | — | $14.1m | $37.0m | $28.9m | — | — |
| Research and development | $65.6m | $63.6m | $57.3m | $42.2m | $23.8m | $36.7m | $18.3m | $11.6m | $11.8m |
| Operating income | −$87.3m | −$91.9m | −$84.5m | −$59.0m | −$35.5m | −$27.6m | −$20.7m | −$18.9m | −$16.3m |
| Net income | −$117.3m | −$83.6m | −$81.2m | −$58.0m | −$22.0m | −$26.5m | −$18.7m | −$19.2m | −$20.2m |
| Diluted earnings per share | -12.48 | -9.37 | -10.13 | -10.74 | -31.74 | -39.21 | -30.39 | -1.09 | -1.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $113.5m | $226.2m | $221.7m | $73.7m | $185.4m | $264.7m | $223.2m | $44.5m | $19.8m |
| Cash and short-term investments | $75.2m | $126.1m | $166.2m | $55.9m | $130.7m | $220.3m | $217.4m | $42.2m | $17.9m |
| Total liabilities | $62.1m | $65.8m | $51.8m | $172.8m | $54.5m | $72.2m | $55.9m | $89.1m | $49.4m |
| Debt | $43.5m | $44.8m | $33.2m | $167.0m | $45.6m | $46.0m | $1 | $84.9m | $46.7m |
| Shareholders' equity | $51.4m | $160.4m | $169.9m | −$99.0m | $130.8m | $192.5m | $167.4m | −$48.3m | −$29.6m |
| Shares outstanding | 9m | 9m | 8m | 5m | 1m | 1m | 1m | 18m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$78.6m | −$60.1m | −$67.3m | −$53.6m | −$32.1m | −$45.2m | $34.2m | −$17.0m | −$14.6m |
| Capital spending | −$518,000 | −$17.9m | −$7.8m | −$5.2m | −$4.4m | −$6.7m | −$1.1m | −$436,000 | −$1.9m |
| Free cash flow | −$79.1m | −$78.0m | −$75.1m | −$58.9m | −$36.5m | −$51.9m | $33.2m | −$17.5m | −$16.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $1.3m | $1.1m | $1.5m | $2.5m | $2.3m | — |
| Operating income | −$20.1m | −$20.4m | −$15.9m | −$19.2m | −$27.2m | −$25.0m | −$23.0m | −$23.3m |
| Net income | −$18.9m | −$19.6m | −$50.0m | −$18.1m | −$25.8m | −$23.4m | −$21.2m | −$21.0m |
| Diluted earnings per share | -1.07 | -1.11 | -5.33 | -1.92 | -2.74 | -2.49 | -2.38 | -2.35 |
| Cash from operations | −$16.0m | −$16.0m | −$17.0m | −$17.0m | −$19.0m | −$24.0m | −$7.0m | −$16.0m |
| Capital spending | — | — | — | — | — | — | −$1.0m | −$4.0m |
| Free cash flow | — | — | — | — | — | — | −$8.0m | −$20.0m |
| Total assets | $163.4m | $183.6m | $113.5m | $161.6m | $180.4m | $202.2m | $226.2m | $243.5m |
| Cash and short-term investments | $115.0m | $114.0m | $75.2m | $93.5m | $96.4m | $115.0m | $126.1m | $137.0m |
| Debt | $2.9m | $2.8m | $2.7m | $3.1m | $2.4m | $2.3m | $1.3m | — |
| Shareholders' equity | $103.2m | $119.6m | $51.4m | $99.0m | $115.1m | $139.0m | $160.4m | $179.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | -29.6% | — |
| Operating income | 14.0% | 26.0% | — |
| Net income | 26.4% | 34.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | -0.8 | -1.0 | -0.7 | -0.3 | -0.4 | -0.3 |
| Price to sales | 11.8 | 30.9 | — | — | 0.5 | 0.3 | 0.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | -15% | -18% | 181% | -63% | -22% | 83% | 26% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 50-to-1 reverse split · 6 Nov 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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