M 
0.16
+0.57%
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
$107.9m
FY2016FY2025
Net income
−$33.5m
FY2016FY2025
Free cash flow
−$11.6m
FY2016FY2025
Shareholders' equity
−$12.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $107.9m | $90.0m | $70.2m | $37.1m | $22.2m | $18.5m | $11.8m | $28.3m | $40.5m | $29.9m |
| Gross profit | $64.4m | $55.1m | $43.9m | $19.2m | $10.6m | $8.0m | −$144,000 | $16.7m | $30.3m | $19.8m |
| Research and development | $10.3m | $10.6m | $6.4m | $7.6m | $5.6m | $4.5m | $9.0m | $1.8m | $1.8m | $332,000 |
| Operating income | −$23.2m | −$30.1m | −$31.9m | −$41.3m | −$27.1m | −$27.3m | −$43.2m | −$32.1m | −$12.4m | −$12.8m |
| Net income | −$33.5m | −$38.1m | −$43.1m | −$44.0m | −$29.0m | −$28.7m | −$43.1m | −$32.5m | −$12.3m | −$13.2m |
| Diluted earnings per share | -0.67 | -0.78 | -1.58 | -3.61 | -2.38 | -3.18 | -6.51 | -5.48 | -2.46 | -2.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $148.0m | $157.3m | $129.1m | $119.1m | $75.1m | $31.9m | $40.6m | $65.5m | $58.5m | $67.7m |
| Cash and short-term investments | $29.0m | $46.8m | $22.4m | $15.6m | $58.6m | $16.0m | $22.1m | $26.2m | $16.8m | $30.5m |
| Total liabilities | $160.0m | $142.5m | $121.9m | $109.8m | $28.2m | $26.0m | $20.9m | $13.4m | $15.0m | $15.0m |
| Debt | $95.1m | $60.1m | $41.3m | $39.8m | $15.6m | $15.9m | $11.0m | $526,000 | $884,000 | $538,000 |
| Shareholders' equity | −$12.1m | $14.8m | $7.2m | $9.3m | $46.9m | $5.8m | $19.7m | $52.1m | $43.5m | $52.7m |
| Shares outstanding | 50m | 49m | 27m | 12m | 12m | 9m | 7m | 6m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$10.4m | −$18.5m | −$21.5m | −$34.1m | −$22.5m | −$20.2m | −$22.3m | −$28.5m | −$10.5m | −$16.6m |
| Capital spending | −$1.2m | −$2.2m | −$5.0m | −$4.2m | −$896,000 | −$537,000 | −$73,000 | −$1.3m | −$4.9m | −$4.9m |
| Free cash flow | −$11.6m | −$20.7m | −$26.5m | −$38.3m | −$23.4m | −$20.8m | −$22.4m | −$29.9m | −$15.3m | −$21.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.2m | $54.7m | $54.7m | $27.4m | $26.6m | $24.3m | $48.1m | $23.3m |
| Gross profit | $17.9m | $29.3m | $29.3m | $17.9m | $17.6m | $15.5m | $29.8m | $14.3m |
| Operating income | −$5.1m | −$18.2m | −$11.6m | −$2.6m | −$1.9m | −$4.6m | −$10.7m | −$6.1m |
| Net income | −$11.5m | −$18.8m | −$18.8m | −$8.0m | −$7.4m | −$9.2m | −$18.0m | −$11.2m |
| Diluted earnings per share | -0.22 | -0.36 | -0.38 | -0.16 | -0.15 | -0.18 | -0.37 | -0.23 |
| Cash from operations | −$5.0m | — | — | $1.0m | −$1.0m | −$2.0m | −$8.0m | −$5.0m |
| Total assets | $132.1m | $148.0m | $148.0m | $154.3m | $140.6m | $174.8m | $157.3m | $157.4m |
| Cash and short-term investments | $19.2m | $29.0m | $29.0m | $32.0m | $32.8m | $65.7m | $46.8m | $49.3m |
| Debt | $98.2m | $97.8m | $78.1m | $77.9m | $77.1m | $76.9m | $52.7m | $52.8m |
| Shareholders' equity | −$30.4m | −$12.1m | −$12.1m | −$8.3m | −$883,000 | $6.0m | $14.8m | $17.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 42.8% | 42.3% | 20.0% |
| Operating income | -17.5% | -3.2% | 4.9% |
| Net income | -8.7% | 3.2% | 8.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 60.4% | 59.9% | 58.2% | 58.8% |
| Operating margin | -26.9% | -41.4% | -52.3% | -62.4% |
| Net margin | -36.2% | -52.0% | -62.6% | -70.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -0.9 | -0.5 | -0.4 | -0.2 | -0.5 |
| Price to sales | 0.3 | 0.2 | 0.3 | 0.3 | 0.6 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 46% | -37% | -27% | -19% | -25% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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