L 
4.90
-2.39%
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
$55.8m
FY2020FY2025
Net income
−$49.0m
FY2020FY2025
Free cash flow
−$66.1m
FY2020FY2025
Shareholders' equity
−$3.9m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $55.8m | $49.6m | $62.6m | $37.3m | $25.5m | $18.4m |
| Research and development | $53.2m | $77.0m | $68.1m | $53.2m | $44.2m | $34.5m |
| Operating income | −$79.2m | −$108.9m | −$106.4m | −$75.6m | −$51.0m | −$39.7m |
| Net income | −$49.0m | −$137.7m | −$134.1m | −$76.4m | −$46.7m | −$37.7m |
| Diluted earnings per share | -21.10 | -69.63 | -68.19 | -3.50 | -249.01 | -16.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | $100.2m | $174.7m | $241.6m | $176.9m | $150.9m | $119.0m |
| Cash and short-term investments | $13.2m | $55.9m | $121.4m | $83.0m | $343,399 | $60.5m |
| Total liabilities | $104.1m | $161.2m | $127.2m | $605.6m | $11.6m | $430.2m |
| Debt | $27.5m | $81.9m | $19.9m | $7.4m | $5.3m | $10.6m |
| Shareholders' equity | −$3.9m | $13.4m | $114.5m | −$428.7m | $139.3m | −$311.2m |
| Shares outstanding | 2m | 2m | 2m | 22m | 0m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −$64.9m | −$89.1m | −$97.3m | −$84.7m | −$42.6m | −$39.3m |
| Capital spending | −$1.3m | −$5.3m | −$8.6m | −$10.7m | −$5.8m | −$7.1m |
| Free cash flow | −$66.1m | −$94.4m | −$105.8m | −$95.4m | −$48.3m | −$46.4m |
| Dividends paid | — | — | −$722.2m | — | −$150.5m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0m | $12.0m | $28.0m | $9.3m | $9.1m | $9.5m | $12.0m | $9.9m |
| Operating income | −$9.9m | −$9.8m | −$205,000 | −$15.7m | −$32.2m | −$31.1m | −$27.0m | −$33.0m |
| Net income | $184.3m | −$14.7m | −$84,000 | $2.9m | −$32.5m | −$19.2m | −$27.0m | −$57.4m |
| Diluted earnings per share | 79.43 | -6.33 | -0.04 | 1.23 | -14.01 | -8.29 | -13.65 | -29.04 |
| Cash from operations | −$1.0m | −$9.0m | −$6.0m | −$15.0m | −$21.0m | −$21.0m | −$19.0m | −$26.0m |
| Capital spending | — | — | — | — | — | — | −$1.0m | — |
| Free cash flow | — | — | — | — | — | — | −$20.0m | — |
| Total assets | $322.7m | $105.2m | $100.2m | $99.3m | $116.3m | $125.8m | $174.7m | $216.2m |
| Cash and short-term investments | $45.0m | $19.9m | $13.2m | $19.6m | $37.4m | $21.2m | — | $86.9m |
| Debt | $13.1m | $11.4m | $11.1m | $13.5m | $19.6m | $34.6m | $51.1m | $61.7m |
| Shareholders' equity | $260.6m | $48.1m | −$3.9m | −$5.0m | −$25.2m | −$1.2m | $13.4m | $13.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.4% | 25.4% | — |
| Operating income | 1.5% | 14.8% | — |
| Net income | -13.8% | 5.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -178.4% | -180.2% | -184.9% | — |
| Net margin | -177.1% | -193.3% | -193.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -0.2 | -0.7 | -2.6 | -100.1 | -1.4 |
| Price to sales | 0.2 | 1.9 | 5.5 | 204.7 | 2.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -84% | -83% | -48% | 3% | -2% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 19 Aug 2025
- 1-to-1 reverse split · 10 Feb 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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