L 
0.80
-7.66%
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
$48.4m
FY2019FY2025
Net income
−$94.4m
FY2019FY2025
Free cash flow
−$41.9m
FY2019FY2025
Shareholders' equity
−$166.2m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $48.4m | $38.1m | $27.6m | $19.5m | $638,000 | $82,000 | — |
| Research and development | $25.6m | $22.3m | $16.1m | $14.1m | $3.4m | $1.1m | — |
| Operating income | −$62.2m | −$59.0m | −$98.3m | −$94.5m | −$49.5m | −$7.9m | −$3.4m |
| Net income | −$94.4m | −$119.9m | −$124.0m | −$111.1m | −$56.1m | −$8.4m | −$3.4m |
| Diluted earnings per share | -4.14 | -14.14 | -15.32 | -16.14 | -11.37 | -3.66 | -0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $410.5m | $428.0m | $381.8m | $278.7m | $143.9m | $9.1m | $5.9m |
| Cash and short-term investments | $4.2m | $937,000 | $10.3m | $13.7m | $96.7m | $45,000 | $2.1m |
| Total liabilities | $576.7m | $528.5m | $366.5m | $157.4m | $42.2m | $11.7m | $3.3m |
| Debt | $535.5m | $437.2m | $327.4m | $120.1m | $11.2m | $9.4m | $2.5m |
| Shareholders' equity | −$166.2m | −$100.5m | $15.3m | $121.3m | $101.7m | −$2.6m | $2.6m |
| Shares outstanding | 23m | 8m | 8m | 7m | 5m | 2m | 29m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$30.3m | −$27.1m | −$33.2m | −$48.8m | −$20.1m | −$3.8m | −$1.1m |
| Capital spending | −$11.6m | −$82.5m | −$162.3m | −$81.8m | −$29.7m | −$3.4m | −$3.7m |
| Free cash flow | −$41.9m | −$109.5m | −$195.4m | −$130.6m | −$49.8m | −$7.3m | −$4.9m |
| Dividends paid | — | — | — | — | −$27.3m | −$27.3m | −$27.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.8m | $13.3m | $12.5m | $12.2m | $12.1m | $11.6m | $10.1m | $10.2m |
| Operating income | −$15.3m | −$13.9m | −$4.5m | −$21.9m | −$17.0m | −$18.8m | −$17.8m | −$16.0m |
| Net income | −$19.8m | −$12.7m | −$8.7m | −$26.4m | −$21.6m | −$37.7m | −$36.3m | −$34.3m |
| Diluted earnings per share | -0.68 | -0.44 | -0.38 | -1.16 | -0.95 | -1.65 | -4.28 | -4.05 |
| Cash from operations | −$7.0m | −$6.0m | −$3.0m | −$8.0m | −$8.0m | −$9.0m | $1.0m | −$17.0m |
| Capital spending | −$1.0m | −$1.0m | — | −$1.0m | −$5.0m | −$4.0m | −$9.0m | −$12.0m |
| Free cash flow | −$8.0m | −$7.0m | — | −$9.0m | −$13.0m | −$13.0m | −$8.0m | −$29.0m |
| Total assets | $402.7m | $414.2m | $410.5m | $417.8m | $426.8m | $447.2m | $428.0m | $430.8m |
| Cash and short-term investments | $3.6m | $12.3m | $4.2m | $12.7m | $5.3m | $18.0m | $937,000 | $317,000 |
| Debt | $489.4m | $490.9m | $483.3m | $485.0m | $478.5m | $480.2m | $436.9m | $398.6m |
| Shareholders' equity | −$196.9m | −$178.0m | −$166.2m | −$158.1m | −$132.7m | −$113.0m | −$100.5m | −$65.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 35.4% | 258.2% | — |
| Operating income | -13.0% | 51.1% | — |
| Net income | -5.3% | 62.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -140.1% | -235.1% | -276.6% | — |
| Net margin | -247.7% | -336.5% | -382.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.1 | -0.1 | -1.1 | -7.4 |
| Price to sales | 1.0 | 0.5 | 0.6 | 6.4 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 23% | -24% | -88% | -75% | -34% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 13-to-1 reverse split · 15 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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