L 
2.87
+4.36%
Close of 9 Nov 2026, in CAD
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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
—
FY2015FY2024
Net income
−$43.0m
FY2015FY2024
Free cash flow
−$191.0m
FY2015FY2024
Shareholders' equity
$635.0m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | $4.3m | $1.1m | — |
| Gross profit | — | — | — | — | — | — | — | −$1.8m | −$1.5m | — |
| Research and development | — | $1.2m | $34.9m | $28.1m | $17.3m | $8.5m | $10.0m | $4.8m | $4.0m | $2.5m |
| Operating income | −$29.0m | −$28.0m | −$60.9m | −$44.5m | −$32.1m | −$20.4m | −$24.3m | −$25.3m | −$15.1m | −$6.6m |
| Net income | −$43.0m | −$5.1m | −$67.8m | −$47.0m | −$36.2m | $51.7m | −$28.3m | −$33.3m | −$27.7m | −$7.6m |
| Diluted earnings per share | -0.21 | -0.03 | -0.42 | -0.29 | -0.39 | 0.56 | -0.32 | -0.44 | -0.47 | -0.28 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.04bn | $437.0m | $27.8m | $10.9m | $326.7m | $293.8m | $103.9m | $113.5m | $45.3m | $68.5m |
| Cash and short-term investments | $594.0m | $195.5m | $636,000 | $933,000 | $148.1m | $83.6m | $41.6m | $55.4m | $8.1m | $5.6m |
| Total liabilities | $410.0m | $52.0m | $62.3m | $52.5m | $136.0m | $134.2m | $21.7m | $4.7m | $2.9m | $7.6m |
| Debt | $19.0m | $120,000 | $45.9m | $42.1m | $127.4m | $117.6m | $18.2m | $900,000 | $1.1m | $4.0m |
| Shareholders' equity | $635.0m | $385.0m | −$34.4m | −$41.7m | $190.7m | $159.6m | $82.3m | $108.8m | $42.4m | $60.9m |
| Shares outstanding | 201m | 160m | 160m | 160m | 92m | 92m | 89m | 76m | 58m | 27m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$13.0m | −$40.0m | −$52.0m | −$42.9m | −$30.9m | −$17.6m | −$18.5m | −$12.9m | −$11.3m | −$6.7m |
| Capital spending | −$178.0m | −$189.0m | −$5.6m | −$1.9m | −$61.8m | −$29.9m | −$2.0m | −$1.7m | −$1.6m | −$4.4m |
| Free cash flow | −$191.0m | −$229.0m | −$57.6m | −$44.9m | −$92.7m | −$47.5m | −$20.5m | −$14.6m | −$12.9m | −$11.1m |
Latest quarters
By quarter end
| Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −$8.0m | −$6.7m | −$10.0m | −$5.9m | −$6.4m | −$5.8m | −$27.6m | −$5.6m |
| Net income | −$12.0m | −$11.0m | −$21.0m | −$8.5m | −$6.6m | −$6.3m | −$3.9m | −$1.7m |
| Diluted earnings per share | -0.06 | -0.05 | -0.10 | -0.04 | -0.03 | -0.04 | -0.02 | -0.01 |
| Total assets | $1.34bn | $1.02bn | $1.04bn | $693.0m | $692.0m | $437.0m | $439.5m | $351.8m |
| Cash and short-term investments | $509.0m | $447.0m | $594.0m | $341.2m | $375.8m | $147.2m | $195.5m | $308.5m |
| Debt | $199.0m | $13.0m | $14.0m | $3.1m | $3.4m | $3.0m | $3.1m | $1.4m |
| Shareholders' equity | $616.0m | $626.0m | $635.0m | $659.0m | $665.0m | $406.0m | $407.5m | $252.1m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | -40.4% | -42.3% | -98.7% | -98.7% |
| Operating margin | — | — | — | — | — | — | — | -368.8% | -501.7% | -3568.9% | -1762.3% |
| Net margin | — | — | — | — | — | — | — | -583.7% | -775.1% | -3568.9% | -3568.9% |
| Return on equity | -11.8% | -6.7% | -1.3% | 197.0% | -8.8% | -13.2% | — | — | — | — | — |
| Return on assets | -4.8% | -4.1% | -1.2% | -243.5% | -5.8% | -7.7% | — | — | — | — | — |
| Free cash flow yield | 86.0% | 30.9% | 36.0% | -12.8% | -12.3% | -6.6% | — | — | — | — | — |
| Revenue growth | — | — | — | — | — | — | — | 12.9% | 591.9% | 0.0% | — |
| Earnings growth | 192.1% | 735.8% | -92.5% | 44.2% | 86.5% | -148.8% | — | — | — | — | — |
| Current ratio | 5.16x | 10.33x | 8.37x | 0.04x | 64.51x | 17.63x | — | — | — | — | — |
| Debt to equity | 0.49x | 0.01x | 0.01x | -7.21x | 0.51x | 0.68x | — | — | — | — | — |
| Equity ratio | 41.1% | 60.8% | 88.1% | -123.6% | 65.6% | 58.4% | — | — | — | — | — |
| Interest coverage | — | — | -95.51x | -16947.09x | -18861.81x | -27725.96x | 19.89x | -1.72x | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | 11.9% | 9.9% | 67.9% | 67.9% |
| Buybacks as a share of market value | -56.5% | -24.1% | -21.0% | -2.4% | -13.4% | -25.1% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -13.3% | 7.2% | 16.0% |
| Net income | -2.9% | — | 41.9% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | |
|---|---|---|
| Price to earnings | -20.1 | -267.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2.484-for-1 split · 4 Oct 2023
- 5-to-1 reverse split · 8 Nov 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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