L 
47.87
+7.82%
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
$158.3m
FY2016FY2025
Net income
−$68.9m
FY2016FY2025
Free cash flow
−$40.0m
FY2016FY2025
Shareholders' equity
$44.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $158.3m | $14.0m | $17.5m | $15.9m | $12.9m | $739,628 | $8.1m | $2.7m | $7.3m | $13.2m |
| Gross profit | $145.1m | $8.1m | $14.6m | $13.1m | $9.8m | $501,916 | $7.3m | $2.6m | $6.9m | $12.3m |
| Research and development | $39.3m | $47.8m | $43.2m | $19.4m | $20.5m | $32.2m | $40.5m | $28.7m | $24.8m | $23.3m |
| Operating income | −$51.4m | −$125.6m | −$76.7m | −$39.8m | −$33.8m | −$59.1m | −$46.8m | −$34.5m | −$16.1m | −$15.9m |
| Net income | −$68.9m | −$130.4m | −$78.5m | −$41.0m | −$34.6m | −$59.8m | −$47.6m | −$53.1m | −$29.2m | −$15.9m |
| Diluted earnings per share | -0.69 | -1.54 | -1.20 | -0.65 | -0.68 | -1.55 | -2.34 | -3.42 | -3.40 | -3.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $327.9m | $230.3m | $118.3m | $129.2m | $93.7m | $99.5m | $68.8m | $49.4m | $14.8m | $8.5m |
| Cash and short-term investments | $190.7m | $176.5m | $83.7m | $93.3m | $57.5m | $65.3m | $55.8m | $39.5m | $3.4m | $1.4m |
| Total liabilities | $283.2m | $153.0m | $71.0m | $38.8m | $28.5m | $28.4m | $33.9m | $30.7m | $48.5m | $26.7m |
| Debt | $191.8m | $115.0m | $46.0m | $20.2m | $11.1m | $11.5m | $18.2m | $12.8m | $23.5m | $8.7m |
| Shareholders' equity | $44.7m | $77.3m | $47.3m | $90.4m | $65.3m | $71.1m | $34.9m | $18.7m | −$33.7m | −$18.2m |
| Shares outstanding | 100m | 85m | 66m | 63m | 51m | 39m | 20m | 16m | 9m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$35.7m | −$93.4m | −$41.6m | −$28.6m | −$34.0m | −$54.1m | −$48.3m | −$31.8m | −$24.3m | −$13.9m |
| Capital spending | −$4.3m | −$4.9m | −$1.3m | −$592,000 | −$107,000 | −$752,086 | −$1.9m | −$870,943 | −$2.5m | −$2.9m |
| Free cash flow | −$40.0m | −$98.4m | −$42.9m | −$29.2m | −$34.1m | −$54.9m | −$50.1m | −$32.7m | −$26.8m | −$16.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $171.7m | $132.9m | $92.0m | $54.3m | $8.8m | $3.1m | $2.9m | $4.4m |
| Gross profit | $160.1m | $120.7m | $85.0m | $51.2m | $7.5m | $1.6m | $1.6m | $2.9m |
| Operating income | $85.5m | $61.5m | $19.8m | $1.8m | −$37.5m | −$35.4m | −$36.1m | −$29.2m |
| Net income | $74.7m | $52.9m | $14.6m | −$3.5m | −$41.6m | −$38.4m | −$38.4m | −$23.2m |
| Diluted earnings per share | 0.74 | 0.52 | 0.15 | -0.04 | -0.42 | -0.38 | -0.45 | -0.27 |
| Cash from operations | $80.0m | −$35.0m | $44.0m | −$9.0m | −$39.0m | −$30.0m | −$20.0m | −$25.0m |
| Capital spending | −$11.0m | −$4.0m | −$2.0m | — | −$1.0m | — | −$4.0m | −$1.0m |
| Free cash flow | $69.0m | −$39.0m | $42.0m | — | −$40.0m | — | −$24.0m | −$26.0m |
| Total assets | $521.9m | $401.5m | $327.9m | $276.0m | $257.4m | $227.4m | $230.3m | $252.9m |
| Cash and short-term investments | $284.2m | $222.8m | $190.7m | $157.5m | $173.4m | $169.8m | $176.5m | $204.4m |
| Debt | $899,000 | $178.7m | $191.8m | $193.4m | $194.0m | $141.2m | $115.8m | $1.2m |
| Shareholders' equity | $195.1m | $108.6m | $44.7m | $22.1m | $15.2m | $49.7m | $77.3m | $110.5m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 91.6% | 58.0% | 83.5% | 82.1% | 76.5% | 67.9% |
| Operating margin | -28.3% | -842.4% | -413.0% | -242.7% | -263.1% | -7964.1% |
| Net margin | -43.5% | -931.7% | -448.9% | -257.4% | -269.0% | -8080.1% |
| Return on equity | -154.0% | -168.7% | -166.0% | -45.4% | -53.0% | -84.1% |
| Return on assets | -21.0% | -56.6% | -66.3% | -31.7% | -36.9% | -60.0% |
| Free cash flow yield | -0.8% | -2.6% | -1.5% | -1.1% | -1.7% | -3.5% |
| Revenue growth | 1031.2% | -20.0% | 9.7% | 24.0% | 1637.8% | -90.8% |
| Earnings growth | -47.1% | 66.1% | 91.4% | 18.6% | -42.1% | 25.6% |
| Current ratio | 1.40x | 4.43x | 4.85x | 11.34x | 8.36x | 5.63x |
| Debt to equity | 4.29x | 1.50x | 1.00x | 0.23x | 0.18x | 0.17x |
| Equity ratio | 13.6% | 33.6% | 40.0% | 70.0% | 69.6% | 71.4% |
| Interest coverage | -1.85x | -9.44x | -11.51x | -16.54x | -44.38x | -68.65x |
| R&D as a share of sales | 24.8% | 341.8% | 247.3% | 122.0% | 159.6% | 4356.6% |
| Buybacks as a share of market value | -18.1% | -29.0% | -4.7% | -22.8% | -32.1% | -89.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 115.0% | 192.5% | — |
| Operating income | 8.9% | -2.8% | — |
| Net income | 18.9% | 2.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 88.9% | 87.9% | 87.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.4 | -3.3 | -4.3 | -4.2 | -3.1 | -0.8 | -0.8 | -2.7 |
| Price to sales | 9.3 | 30.5 | 19.3 | 10.7 | 8.3 | 66.0 | 4.6 | 53.2 |
Market value over time
31 Jul 2018 to 22 Oct 2026, in USD
$11.0m$4.02bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 215% | 35% | 35% | 42% | 32% | 1% | -85% | 83% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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