L 
4.91
+12.36%
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
$236,855
FY2016FY2025
Net income
−$20.3m
FY2016FY2025
Free cash flow
−$15.1m
FY2016FY2025
Shareholders' equity
$74.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $236,855 | $95,605 | $40,502 | $27,234 | — | — | — | — | — | — |
| Research and development | $11.5m | $16.8m | $15.9m | $12.8m | $12.5m | $4.5m | $3.6m | $3.8m | $3.5m | $2.5m |
| Operating income | −$20.8m | −$23.1m | −$21.2m | −$17.1m | −$17.0m | −$6.6m | −$6.3m | −$5.6m | −$5.5m | −$4.1m |
| Net income | −$20.3m | −$22.5m | −$21.0m | −$17.2m | −$18.6m | −$6.7m | −$6.7m | −$5.8m | −$5.7m | −$4.4m |
| Diluted earnings per share | -0.15 | -0.18 | -0.18 | -0.15 | -0.17 | -0.07 | -0.08 | -0.07 | -0.08 | -0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $81.7m | $37.8m | $41.8m | $29.3m | $27.2m | $7.4m | $6.8m | $5.3m | $5.8m | $3.2m |
| Cash and short-term investments | $69.0m | $27.7m | $31.4m | $24.1m | $23.4m | $3.3m | $2.2m | $2.2m | $3.5m | $2.0m |
| Total liabilities | $7.0m | $4.4m | $5.3m | $1.7m | $2.0m | $1.6m | $1.9m | $344,202 | $833,055 | $127,886 |
| Debt | — | — | — | — | — | $410,000 | — | — | — | — |
| Shareholders' equity | $74.6m | $33.4m | $36.4m | $27.6m | $25.2m | $5.8m | $4.9m | $4.9m | $5.0m | $3.1m |
| Shares outstanding | 137m | 122m | 117m | 112m | 108m | 91m | 86m | 78m | 71m | 66m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$13.7m | −$15.6m | −$12.2m | −$10.5m | −$10.3m | −$4.9m | −$4.8m | −$4.4m | −$4.4m | −$3.2m |
| Capital spending | −$1.3m | −$2.7m | −$3.6m | −$1.6m | −$1.1m | −$217,984 | −$305,670 | −$1.4m | −$265,532 | −$193,259 |
| Free cash flow | −$15.1m | −$18.2m | −$15.8m | −$12.1m | −$11.4m | −$5.1m | −$5.1m | −$5.8m | −$4.7m | −$3.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32,751 | $29,167 | $159,167 | $29,166 | $25,605 | $22,917 | $22,917 | $22,916 |
| Operating income | −$7.3m | −$6.7m | −$5.1m | −$5.2m | −$5.6m | −$4.9m | −$5.7m | −$5.3m |
| Net income | −$6.6m | −$6.3m | −$4.8m | −$5.1m | −$5.7m | −$4.7m | −$5.5m | −$5.3m |
| Diluted earnings per share | -0.04 | -0.04 | -0.04 | -0.04 | -0.04 | -0.03 | -0.05 | -0.04 |
| Cash from operations | −$5.0m | −$4.0m | −$3.0m | −$3.0m | −$3.0m | −$3.0m | −$3.0m | −$3.0m |
| Total assets | $108.1m | $85.9m | $81.7m | $44.8m | $32.4m | $35.6m | $37.8m | $37.2m |
| Cash and short-term investments | $95.9m | $75.1m | $69.0m | $34.9m | $22.1m | $25.0m | $27.7m | $26.9m |
| Debt | $209,057 | $201,821 | $194,770 | $187,940 | $181,248 | $174,692 | $168,289 | $162,054 |
| Shareholders' equity | $104.2m | $81.3m | $74.6m | $41.2m | $28.8m | $31.5m | $33.4m | $33.5m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | FY2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -8576.5% | -23571.0% | -51943.2% | -63268.3% | — | — | — | — | — | -175727.3% | -116027.2% |
| Net margin | -8576.5% | -23571.0% | -51943.2% | -63268.3% | — | — | — | — | — | -176391.9% | -116038.5% |
| Return on equity | -27.2% | -67.4% | -57.7% | -62.5% | -73.9% | -116.3% | — | — | — | — | — |
| Return on assets | -24.9% | -59.6% | -50.3% | -58.9% | -68.4% | -91.2% | — | — | — | — | — |
| Free cash flow yield | -2.2% | -2.4% | -1.7% | -1.9% | -2.0% | -1.2% | — | — | — | — | — |
| Revenue growth | 147.7% | 136.1% | 48.7% | — | — | — | — | — | — | — | — |
| Earnings growth | -9.9% | 7.1% | 22.1% | -7.5% | 177.4% | -0.2% | — | — | — | — | — |
| Current ratio | 32.69x | 15.75x | 12.66x | 16.86x | 14.92x | 4.15x | — | — | — | — | — |
| Debt to equity | 0.00x | 0.01x | 0.00x | 0.01x | 0.01x | 0.03x | — | — | — | — | — |
| Equity ratio | 91.4% | 88.4% | 87.2% | 94.2% | 92.6% | 78.4% | — | — | — | — | — |
| Interest coverage | — | — | — | -187.98x | -1347.56x | -8505.12x | -28995.54x | -23091.82x | -22997.51x | — | — |
| R&D as a share of sales | 4850.9% | 17579.2% | 39266.4% | 47019.8% | — | — | — | — | — | 113984.8% | 53411.6% |
| Buybacks as a share of market value | -5.0% | -4.3% | -4.3% | -4.4% | -18.9% | -5.2% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 105.6% | — | — |
| Operating income | 6.6% | 25.8% | 15.7% |
| Net income | 5.6% | 24.8% | 15.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -13189.7% | -20543.8% | — | — |
| Net margin | -12888.4% | -20269.4% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.8 | -11.4 | -27.8 | -28.1 | -86.0 | -12.6 | -9.0 | -9.7 | -14.1 | -9.3 |
Market value over time
30 Dec 2016 to 4 Nov 2026, in USD
$41.0m$660.0m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 55% | -65% | -2% | -66% | 1832% | 21% | 9% | -40% | 96% | 2% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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