M 
14.44
+1.19%
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
$120.3m
FY2017FY2026
Net income
−$57.5m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
$568.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120.3m | $17.2m | $5.9m | $7.5m | $10.2m | $7.5m | $32.2m | $16.7m | $17.3m | $2.4m |
| Research and development | $97.5m | $34.8m | $25.4m | $27.2m | $32.8m | $53.0m | $56.2m | $59.8m | $65.9m | $58.9m |
| Operating income | −$51.3m | −$62.4m | −$69.3m | −$62.8m | −$81.0m | −$88.9m | −$72.6m | −$87.0m | −$77.3m | −$90.0m |
| Net income | −$57.5m | −$102.1m | −$88.0m | −$81.9m | −$91.3m | −$98.8m | −$77.9m | −$89.8m | −$35.3m | −$76.8m |
| Diluted earnings per share | -0.04 | -0.79 | -0.77 | -0.96 | -1.19 | -1.52 | -1.33 | -1.68 | -0.72 | -1.63 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $773.1m | $784.7m | $669.2m | $669.4m | $662.1m | $744.7m | $733.6m | $652.1m | $692.4m | $655.7m |
| Cash and short-term investments | — | $161.2m | $62.6m | $70.9m | $60.0m | $136.9m | $129.3m | $50.4m | $37.8m | $45.8m |
| Total liabilities | $204.7m | $187.2m | $188.8m | $167.6m | $165.1m | $163.3m | $184.3m | $171.1m | $146.4m | $138.9m |
| Debt | $108.6m | $124.6m | $117.0m | $112.8m | $99.8m | $97.0m | $93.0m | $81.3m | $118.8m | — |
| Shareholders' equity | $568.4m | $597.4m | $480.4m | $501.8m | $497.0m | $581.4m | $549.3m | $481.1m | $546.0m | $516.8m |
| Shares outstanding | 1,295m | 129m | 114m | 85m | 77m | 65m | 59m | 53m | 49m | 47m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | −$50.0m | −$48.5m | −$63.3m | −$65.8m | −$106.7m | −$56.4m | −$57.8m | −$75.0m | −$95.5m |
| Capital spending | −$898,000 | −$730,000 | −$331,000 | −$314,000 | −$232,000 | −$1.6m | −$2.2m | −$279,000 | −$201,000 | −$311,000 |
| Free cash flow | — | −$50.7m | −$48.8m | −$63.6m | −$66.0m | −$108.3m | −$58.6m | −$58.1m | −$75.2m | −$95.8m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.7m | $25.7m | $7.0m | $7.0m | $1.6m | $1.6m | $1.3m | $1.3m |
| Operating income | −$38.6m | −$38.6m | −$34.4m | −$34.4m | −$20.6m | −$20.6m | −$22.0m | −$22.0m |
| Net income | −$20.1m | −$20.1m | −$27.1m | −$27.1m | −$24.0m | −$24.0m | −$27.7m | −$27.7m |
| Diluted earnings per share | -0.16 | -0.16 | -0.21 | -0.21 | -0.21 | -0.21 | -0.24 | -0.24 |
| Cash from operations | −$15.0m | −$14.0m | −$16.0m | −$12.0m | −$10.0m | −$10.0m | −$10.0m | −$11.0m |
| Total assets | $782.3m | $782.3m | $784.7m | $784.7m | $653.3m | $653.3m | $669.2m | $669.2m |
| Cash and short-term investments | $129.6m | $130.0m | $161.2m | $161.6m | $38.0m | $38.0m | $62.6m | $63.0m |
| Debt | $129.3m | $69.1m | $124.6m | $56.8m | $121.4m | $19.9m | $117.0m | $16.5m |
| Shareholders' equity | $574.7m | $574.7m | $597.4m | $597.4m | $461.3m | $461.3m | $480.4m | $480.4m |
Financial ratios
Data as of 31 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | -42.6% | -465.5% | -982.2% | -835.3% | -792.8% | -1192.5% |
| Net margin | -47.8% | -593.9% | -1490.3% | -1091.7% | -894.6% | -1325.3% |
| Return on equity | -10.2% | -17.1% | -18.3% | -16.3% | -18.4% | -17.0% |
| Return on assets | -7.5% | -13.0% | -13.1% | -12.2% | -13.8% | -13.3% |
| Free cash flow yield | -2.2% | -2.5% | -2.8% | -4.9% | -5.6% | -10.7% |
| Revenue growth | 602.3% | 191.4% | -21.3% | -26.5% | 37.0% | -76.8% |
| Earnings growth | -43.5% | 16.1% | 7.4% | -10.4% | -7.6% | 26.8% |
| Current ratio | 2.43x | 1.99x | 1.18x | 1.95x | 1.36x | 1.57x |
| Debt to equity | 0.22x | 0.21x | 0.24x | 0.22x | 0.20x | 0.17x |
| Equity ratio | 73.5% | 76.1% | 71.8% | 75.0% | 75.1% | 78.1% |
| Interest coverage | -2.15x | -3.49x | -2.81x | -3.22x | -4.68x | -8.30x |
| R&D as a share of sales | 81.1% | 202.4% | 429.6% | 362.5% | 321.4% | 711.0% |
| Buybacks as a share of market value | -0.4% | -13.1% | -34.2% | -10.5% | -18.9% | -10.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 152.1% | 74.4% | 10.9% |
| Operating income | -6.6% | -10.4% | -4.5% |
| Net income | -11.1% | -10.3% | 30.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -82.7% | -163.0% | -246.7% | -294.7% |
| Net margin | -116.1% | -218.4% | -308.4% | -287.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -321.9 | -22.8 | -25.7 | -2.3 | -2.0 | -2.6 | -5.3 | -2.3 | -3.0 | -1.9 |
| Price to sales | 153.9 | 135.5 | 383.2 | 25.0 | 18.1 | 34.3 | 12.7 | 12.5 | 6.2 | 60.7 |
Market value over time
30 Nov 2016 to 30 Oct 2026, in USD
$339.6m$1.97bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 52% | 478% | -15% | -36% | -45% | 92% | 84% | -34% | 13% | 36% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-to-1 reverse split · 10 Jan 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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