M 
2.34
+0.43%
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
$149.5m
FY2016FY2025
Net income
−$74.6m
FY2016FY2025
Free cash flow
−$83.0m
FY2016FY2025
Shareholders' equity
$55.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.5m | $148.3m | $57.2m | $151.9m | $75.6m | $97.8m | $62.0m | $60.1m | $155.5m | $86.6m |
| Research and development | $140.0m | $177.2m | $166.6m | $207.0m | $214.6m | $193.2m | $195.3m | $190.8m | $147.2m | $122.1m |
| Operating income | −$72.8m | −$110.6m | −$168.2m | −$121.4m | −$202.8m | −$131.1m | −$177.2m | −$171.2m | −$22.1m | −$60.0m |
| Net income | −$74.6m | −$67.0m | −$9.1m | −$120.0m | −$190.9m | −$117.8m | −$151.8m | −$171.5m | −$19.6m | −$58.5m |
| Diluted earnings per share | -1.18 | -1.07 | -0.15 | -1.95 | -3.12 | -2.16 | -3.10 | -3.76 | -0.53 | -1.67 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $256.8m | $261.7m | $298.4m | $289.5m | $335.2m | $378.7m | $312.5m | $332.1m | $373.9m | $311.3m |
| Cash and short-term investments | $189.9m | $201.7m | $229.8m | $154.3m | $243.6m | $272.5m | $215.8m | $232.9m | $305.1m | $277.0m |
| Total liabilities | $201.3m | $145.6m | $145.8m | $147.5m | $95.6m | $82.9m | $81.9m | $89.3m | $74.6m | $42.5m |
| Debt | $106.8m | $37.5m | $34.0m | $34.8m | $25.5m | $29.2m | $30.6m | $34.0m | $298,000 | $1.9m |
| Shareholders' equity | $55.6m | $116.1m | $152.6m | $142.0m | $239.6m | $295.9m | $230.6m | $242.9m | $299.2m | $268.8m |
| Shares outstanding | 63m | 63m | 62m | 61m | 61m | 54m | 49m | 46m | 37m | 35m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$81.0m | −$68.4m | −$78.2m | −$87.0m | −$143.8m | −$111.9m | −$134.3m | −$153.2m | $14.4m | −$43.7m |
| Capital spending | −$1.9m | −$3.7m | −$1.8m | −$3.6m | −$6.2m | −$5.9m | −$4.3m | −$25.0m | −$29.4m | −$11.4m |
| Free cash flow | −$83.0m | −$72.1m | −$80.0m | −$90.6m | −$150.0m | −$117.8m | −$138.6m | −$178.2m | −$15.0m | −$55.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.8m | $20.8m | $41.2m | $72.8m | $22.2m | $13.2m | $17.7m | $110.7m |
| Operating income | −$65.2m | −$33.4m | −$12.1m | $18.6m | −$36.8m | −$42.6m | −$52.8m | $54.2m |
| Net income | $19.5m | −$36.8m | −$14.2m | $16.8m | −$36.3m | −$41.0m | −$15.4m | $56.3m |
| Diluted earnings per share | 0.31 | -0.58 | -0.22 | 0.27 | -0.57 | -0.65 | -0.25 | 0.90 |
| Cash from operations | −$40.0m | −$35.0m | $43.0m | −$30.0m | −$46.0m | −$46.0m | −$38.0m | $60.0m |
| Total assets | $345.4m | $217.9m | $256.8m | $270.8m | $245.4m | $224.6m | $261.7m | $264.5m |
| Cash and short-term investments | $173.3m | $154.2m | $189.9m | $146.4m | $176.5m | $154.1m | $201.7m | $200.4m |
| Debt | $5.0m | $5.2m | $5.2m | $5.1m | $5.1m | $5.4m | $4.9m | $4.7m |
| Shareholders' equity | $42.9m | $21.2m | $55.6m | $67.0m | $46.6m | $79.1m | $116.1m | $120.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.5% | 8.9% | 4.0% |
| Operating income | -15.7% | -11.1% | 13.7% |
| Net income | -14.7% | -8.7% | 14.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -61.6% | -93.3% | -118.6% | -109.8% |
| Net margin | -47.5% | -53.4% | -85.1% | -87.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.8 | -1.9 | -9.3 | -0.5 | -0.7 | -1.5 | -0.5 | -0.5 | -5.1 | -1.7 |
| Price to sales | 0.4 | 0.9 | 1.5 | 0.4 | 1.8 | 1.8 | 1.2 | 1.4 | 0.6 | 1.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -51% | 54% | 59% | -66% | -32% | 130% | -13% | -35% | -4% | -32% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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