N 
43.21
+13.65%
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
$261.3m
FY2016FY2025
Net income
−$23.5m
FY2016FY2025
Free cash flow
$12.3m
FY2016FY2025
Shareholders' equity
$226.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $261.3m | $198.5m | $209.9m | $242.1m | $270.1m | $222.8m | $176.6m | $191.4m | $138.6m | $101.3m |
| Gross profit | $78.0m | $33.0m | $46.1m | $50.8m | $77.3m | $59.4m | $52.3m | $67.0m | $44.3m | $23.2m |
| Research and development | $48.0m | $45.1m | $46.2m | $53.8m | $54.8m | $41.2m | $28.1m | $21.1m | $15.1m | $15.2m |
| Operating income | −$26.6m | −$65.6m | −$46.8m | −$55.1m | −$30.2m | −$21.0m | −$9.9m | $17.1m | $9.8m | −$9.3m |
| Net income | −$23.5m | −$60.8m | −$41.7m | −$54.6m | −$29.7m | −$20.9m | −$12.9m | $13.9m | $1.8m | −$14.2m |
| Diluted earnings per share | -0.46 | -1.27 | -0.89 | -1.21 | -0.69 | -0.54 | -0.34 | 0.34 | 0.07 | -4.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $318.1m | $270.2m | $306.8m | $329.2m | $373.6m | $283.6m | $250.0m | $250.1m | $110.1m | $71.1m |
| Cash and short-term investments | $133.6m | $100.7m | $112.9m | $108.2m | $146.5m | $102.3m | $117.3m | $149.5m | $36.7m | $13.5m |
| Total liabilities | $91.4m | $53.8m | $52.4m | $58.4m | $71.5m | $63.7m | $33.4m | $32.3m | $48.9m | $41.4m |
| Debt | $22.8m | — | — | — | — | $400,000 | $100,000 | $100,000 | $17.5m | $19.7m |
| Shareholders' equity | $226.7m | $216.4m | $254.4m | $270.8m | $302.1m | $219.9m | $216.6m | $217.8m | $61.3m | $29.7m |
| Shares outstanding | 51m | 48m | 47m | 45m | 43m | 39m | 37m | 41m | 26m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $21.3m | −$2.4m | $10.1m | −$14.5m | −$7.4m | $13.0m | −$4.2m | $3.3m | $3.4m | $6.0m |
| Capital spending | −$9.0m | −$7.9m | −$5.3m | −$21.7m | −$21.6m | −$24.3m | −$13.6m | −$11.7m | −$5.5m | −$4.1m |
| Free cash flow | $12.3m | −$10.3m | $4.8m | −$36.3m | −$29.0m | −$11.3m | −$17.9m | −$8.4m | −$2.1m | $1.9m |
| Dividends paid | — | — | — | — | −$10.6m | −$3.7m | −$2.5m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $82.6m | $80.2m | $81.2m | $66.7m | $61.7m | $51.7m | $47.4m | $56.1m |
| Gross profit | $25.7m | $26.5m | $25.0m | $20.8m | $18.5m | $13.8m | $1.1m | $12.6m |
| Operating income | −$3.6m | −$424,000 | −$5.4m | −$7.3m | −$4.2m | −$9.6m | −$26.4m | −$11.8m |
| Net income | −$1.3m | $645,000 | −$4.9m | −$6.9m | −$3.6m | −$8.1m | −$25.0m | −$10.3m |
| Diluted earnings per share | -0.02 | 0.01 | -0.10 | -0.13 | -0.07 | -0.16 | -0.52 | -0.22 |
| Cash from operations | $30.0m | $9.0m | $17.0m | $5.0m | −$1.0m | — | −$3.0m | −$5.0m |
| Capital spending | −$6.0m | −$2.0m | −$1.0m | −$2.0m | −$2.0m | −$2.0m | −$2.0m | −$1.0m |
| Free cash flow | $24.0m | $7.0m | $16.0m | $3.0m | −$3.0m | — | −$5.0m | −$6.0m |
| Total assets | $517.6m | $515.7m | $318.1m | $298.7m | $295.3m | $290.0m | $270.2m | $291.3m |
| Cash and short-term investments | $295.8m | $332.6m | $133.6m | $115.8m | $113.7m | $116.7m | $100.7m | $106.7m |
| Debt | $2.8m | $22.9m | $22.8m | $22.3m | $22.4m | $22.5m | $2.3m | $2.6m |
| Shareholders' equity | $439.9m | $429.2m | $226.7m | $218.5m | $216.0m | $212.8m | $216.4m | $235.3m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 29.8% | 16.6% | 22.0% | 21.0% | 28.6% | 26.6% |
| Operating margin | -8.0% | -30.9% | -21.9% | -21.2% | -11.1% | -9.4% |
| Net margin | -9.0% | -30.6% | -19.9% | -22.5% | -11.0% | -9.4% |
| Return on equity | -10.3% | -28.1% | -16.4% | -20.2% | -9.8% | -9.5% |
| Return on assets | -7.4% | -22.5% | -13.6% | -16.6% | -7.9% | -7.4% |
| Free cash flow yield | 1.6% | 0.3% | 0.9% | 0.4% | 0.9% | 2.6% |
| Revenue growth | 31.6% | -5.4% | -13.3% | -10.4% | 21.3% | 26.1% |
| Earnings growth | -61.4% | 45.9% | -23.7% | 84.0% | 41.7% | 62.5% |
| Current ratio | 3.79x | 5.67x | 6.73x | 6.69x | 6.06x | 4.85x |
| Debt to equity | 0.10x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x |
| Equity ratio | 71.3% | 80.1% | 82.9% | 82.3% | 80.9% | 77.5% |
| Interest coverage | -10.93x | -584.24x | -34.24x | -96.81x | -183.32x | -46.16x |
| R&D as a share of sales | 18.4% | 22.7% | 22.0% | 22.2% | 20.3% | 18.5% |
| Buybacks as a share of market value | -6.3% | -2.5% | -3.8% | -4.1% | -11.3% | -3.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.4% | 3.2% | — |
| Operating income | -21.6% | 4.8% | — |
| Net income | -24.5% | 2.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.1% | 22.8% | 24.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -81.4 | -8.3 | -15.1 | -8.4 | -34.9 | -60.6 | -59.0 | 52.6 |
| Price to sales | 7.3 | 2.5 | 3.0 | 1.9 | 3.8 | 5.7 | 4.3 | 3.8 |
Market value over time
30 Apr 2018 to 23 Oct 2026, in USD
$74.8m$2.07bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 256% | -24% | 39% | -59% | -31% | 73% | 16% | -37% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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