K 
1.63
+10.14%
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
$16.2m
FY2016FY2025
Net income
−$61.9m
FY2016FY2025
Free cash flow
−$47.9m
FY2016FY2025
Shareholders' equity
$121.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.2m | $10.7m | $9.8m | $4.0m | $2.4m | $623,965 | $830,398 | $1.3m | $235,584 | $6,900 |
| Research and development | $10.8m | $4.7m | $6.2m | $4.2m | $1.7m | $289,772 | $502,225 | $508,144 | $801,055 | $424,730 |
| Operating income | −$42.0m | −$16.2m | −$22.2m | −$18.0m | −$11.8m | −$2.3m | −$2.0m | −$2.1m | −$2.4m | −$35,020 |
| Net income | −$61.9m | −$17.5m | −$23.7m | −$19.4m | −$11.9m | −$2.9m | −$2.0m | −$2.1m | −$2.4m | −$35,016 |
| Diluted earnings per share | -1.56 | -0.09 | -0.18 | -0.17 | -0.12 | -0.03 | -0.02 | -0.03 | -0.04 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $129.0m | $62.9m | $10.9m | $23.6m | $19.2m | $9.2m | $236,766 | $451,107 | $1.2m | $268,215 |
| Cash and short-term investments | $13.3m | $29.8m | $1.2m | $10.3m | $14.9m | $8.9m | $108,857 | $229,896 | $895,761 | $213,181 |
| Total liabilities | $7.4m | $5.5m | $13.0m | $13.1m | $2.9m | $3.1m | $1.0m | $576,244 | $480,310 | $237,494 |
| Debt | $366,937 | $533,800 | $6.1m | $9.1m | $417,600 | $2.5m | — | — | — | — |
| Shareholders' equity | $121.6m | $57.4m | −$2.2m | $10.5m | $16.4m | $6.1m | −$796,965 | −$125,137 | $739,706 | $30,721 |
| Shares outstanding | 40m | 187m | 134m | 111m | 96m | 82m | 81m | 78m | 64m | 77m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$44.9m | −$17.3m | −$12.0m | −$17.4m | −$6.8m | −$2.7m | −$1.2m | −$1.4m | −$1.0m | −$31,199 |
| Capital spending | −$3.0m | −$596,182 | −$1.0m | −$4.6m | −$2.5m | −$46,087 | −$46,087 | −$16,609 | −$51,828 | −$51,828 |
| Free cash flow | −$47.9m | −$17.9m | −$13.0m | −$22.0m | −$9.3m | −$2.8m | −$1.2m | −$1.4m | −$1.1m | −$83,027 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1m | $4.8m | $2.9m | $6.9m | $4.0m | $2.4m | $3.4m | $3.2m |
| Operating income | — | −$7.4m | −$15.8m | −$8.7m | −$8.7m | −$9.4m | −$4.4m | −$1.7m |
| Net income | −$22.0m | −$28.1m | −$44.3m | −$7.0m | $8.1m | −$18.8m | −$4.6m | −$2.0m |
| Diluted earnings per share | -0.47 | -0.61 | -1.11 | -0.18 | 0.20 | -0.47 | -0.02 | -0.01 |
| Cash from operations | −$8.0m | −$8.0m | −$13.0m | −$9.0m | −$11.0m | −$9.0m | −$4.0m | −$3.0m |
| Capital spending | — | — | −$2.0m | — | — | — | — | — |
| Free cash flow | — | — | −$15.0m | — | — | — | — | — |
| Total assets | $100.1m | $105.5m | $129.0m | $156.1m | $141.5m | $93.8m | $62.9m | $12.4m |
| Cash and short-term investments | $76.7m | $7.7m | $13.3m | $20.6m | $20.6m | $24.4m | $29.8m | $912,417 |
| Debt | $20.3m | $5.4m | $366,937 | $4.2m | $493,061 | $421,711 | $1.0m | $1.8m |
| Shareholders' equity | $72.6m | $94.6m | $121.6m | $148.0m | $136.4m | $89.7m | $57.4m | $5.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 59.4% | 91.7% | 133.9% |
| Operating income | 32.7% | 78.1% | 51.2% |
| Net income | 47.1% | 85.1% | 57.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -216.3% | -241.7% | -257.2% | -259.7% |
| Net margin | -295.2% | -300.9% | -313.7% | -313.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.9 | -302.4 | -8.6 | -55.1 | -177.5 | -338.5 | -490.8 | -784.6 |
| Price to sales | 7.3 | 493.5 | 20.7 | 267.9 | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | -82% | 593% | -75% | -59% | 121% | -18% | -39% | 49% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 8-to-1 reverse split · 23 Jun 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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