L 
1.82
+2.25%
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
$49.8m
FY2016FY2025
Net income
−$50.3m
FY2016FY2025
Free cash flow
−$67.9m
FY2016FY2025
Shareholders' equity
$107.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49.8m | $31.1m | $1.2m | $139,000 | $298,000 | $24.0m | $322.1m | $63.2m | $90.3m | $83.3m |
| Research and development | $61.1m | $84.5m | $58.9m | $52.8m | $55.0m | $153.6m | $91.9m | $100.2m | $156.8m | $178.2m |
| Operating income | −$48.9m | −$197.1m | −$174.6m | −$100.8m | −$87.1m | −$46.8m | $141.4m | −$103.3m | −$136.7m | −$137.2m |
| Net income | −$50.3m | −$200.4m | −$177.1m | −$101.9m | −$87.8m | −$58.6m | $130.1m | −$120.5m | −$129.1m | −$141.4m |
| Diluted earnings per share | -0.14 | -0.55 | -0.72 | -0.54 | -0.59 | -0.48 | 1.22 | -1.14 | -1.22 | -1.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $185.0m | $298.4m | $229.4m | $194.3m | $136.9m | $203.8m | $417.7m | $284.1m | $436.5m | $475.6m |
| Cash and short-term investments | $96.2m | $238.0m | $170.0m | $138.4m | $86.7m | $152.3m | $271.7m | $160.1m | $310.8m | $346.5m |
| Total liabilities | $77.4m | $152.5m | $136.3m | $77.2m | $23.3m | $47.4m | $300.6m | $310.5m | $384.4m | $318.2m |
| Debt | $54.0m | $100.3m | $99.5m | $48.6m | — | $11.6m | $245.2m | $245.0m | $245.7m | $101.4m |
| Shareholders' equity | $107.5m | $145.9m | $93.1m | $117.1m | $113.6m | $156.4m | $117.1m | −$1.47bn | $52.1m | $157.4m |
| Shares outstanding | 363m | 361m | 245m | 189m | 149m | 122m | 106m | 106m | 106m | 104m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$67.9m | −$178.8m | −$161.9m | −$88.9m | −$87.0m | −$143.0m | $113.8m | −$148.6m | −$185.4m | −$175.6m |
| Capital spending | — | −$1.0m | −$470,000 | −$1.3m | −$1.2m | −$87,000 | −$70,000 | −$95,000 | −$228,000 | −$231,000 |
| Free cash flow | −$67.9m | −$179.8m | −$162.4m | −$90.2m | −$88.2m | −$143.1m | $113.7m | −$148.7m | −$185.6m | −$175.9m |
| Dividends paid | — | — | −$99.9m | — | −$11.7m | −$216.6m | — | — | — | −$2.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $692,000 | $21.1m | $5.5m | $14.2m | $28.9m | $1.3m | $26.6m | $1.8m |
| Operating income | −$29.2m | −$996,000 | −$14.8m | −$12.2m | $3.7m | −$25.7m | −$32.7m | −$63.7m |
| Net income | −$31.8m | −$1.0m | −$15.5m | −$12.8m | $3.3m | −$25.3m | −$33.8m | −$64.8m |
| Diluted earnings per share | -0.07 | -0.00 | -0.04 | -0.04 | 0.01 | -0.07 | -0.09 | -0.18 |
| Cash from operations | −$23.0m | −$14.0m | −$17.0m | −$23.0m | $16.0m | −$43.0m | −$21.0m | −$53.0m |
| Total assets | $250.1m | $268.8m | $185.0m | $205.9m | $225.6m | $297.7m | $298.4m | $321.1m |
| Cash and short-term investments | $190.6m | $170.7m | $96.2m | $116.0m | $139.0m | $194.8m | $238.0m | $258.4m |
| Debt | $53.1m | $51.3m | $55.6m | $58.1m | $57.0m | $101.7m | $101.5m | $101.2m |
| Shareholders' equity | $174.5m | $202.9m | $107.5m | $120.2m | $129.4m | $123.0m | $145.9m | $178.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 610.3% | 15.7% | -9.1% |
| Operating income | -21.4% | 0.9% | — |
| Net income | -21.0% | -3.0% | 26.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -304.2% | -634.0% | -615.1% | -111.8% |
| Net margin | -310.0% | -644.3% | -634.8% | -118.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.3 | -0.6 | -0.6 | -0.9 | -1.7 | -1.9 | 0.9 | -0.5 | -0.6 | -0.8 |
| Price to sales | 8.4 | 3.6 | 80.7 | — | — | 4.5 | 0.4 | 0.9 | 0.9 | 1.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 319% | -14% | -37% | -48% | 10% | -20% | 114% | -31% | -38% | 24% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 7-to-1 reverse split · 21 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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