M 
9.49
+5.44%
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
$81.4m
FY2016FY2025
Net income
−$114.2m
FY2016FY2025
Free cash flow
−$50.2m
FY2016FY2025
Shareholders' equity
−$5.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.4m | $33.3m | $14.0m | $15.9m | $37.7m | $15.6m | $13.3m | — | — | — |
| Research and development | $129.6m | $119.5m | $103.8m | $85.7m | $66.7m | $33.9m | $24.9m | $33.6m | $22.4m | $14.0m |
| Operating income | −$103.8m | −$164.2m | −$73.5m | −$124.7m | −$79.5m | −$62.6m | −$58.3m | −$78.1m | −$31.7m | −$20.1m |
| Net income | −$114.2m | −$147.8m | −$84.0m | −$129.6m | −$79.6m | −$58.0m | −$54.7m | −$82.9m | −$31.0m | −$19.5m |
| Diluted earnings per share | -1.41 | -2.12 | -1.32 | -2.94 | -1.80 | -1.56 | -1.49 | -2.88 | -1.61 | -2.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $244.4m | $269.8m | $326.7m | $318.2m | $320.2m | $363.7m | $323.9m | $96.9m | $25.9m | $22.6m |
| Cash and short-term investments | $65.9m | $103.7m | $129.6m | $115.5m | $137.7m | $209.5m | $227.2m | $68.1m | $8.5m | $17.5m |
| Total liabilities | $250.2m | $201.9m | $188.6m | $200.5m | $134.8m | $125.1m | $133.1m | $15.8m | $73.2m | $39.7m |
| Debt | $77.2m | $73.2m | $72.1m | $71.0m | — | — | — | — | $1.5m | — |
| Shareholders' equity | −$5.8m | $67.8m | $138.2m | $117.7m | $185.4m | $238.6m | $190.8m | $81.1m | −$47.4m | −$17.1m |
| Shares outstanding | 81m | 70m | 64m | 44m | 44m | 37m | 37m | 29m | 19m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$46.4m | −$104.5m | −$105.4m | −$73.1m | −$10.5m | −$64.0m | $20.0m | −$58.9m | −$18.1m | −$14.4m |
| Capital spending | −$3.8m | −$5.0m | −$20.2m | −$45.0m | −$55.2m | −$37.0m | −$9.0m | −$11.3m | −$10.5m | −$2.6m |
| Free cash flow | −$50.2m | −$109.5m | −$125.5m | −$118.1m | −$65.7m | −$101.0m | $11.1m | −$70.1m | −$28.6m | −$17.0m |
| Dividends paid | — | — | — | −$70.0m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $321.4m | $293,000 | $75.4m | $410,000 | $3.7m | $1.9m | $21.4m | $10.9m |
| Operating income | $244.4m | −$43.7m | $26.5m | −$47.6m | −$44.8m | −$41.6m | −$37.0m | −$40.0m |
| Net income | $160.7m | −$46.3m | $15.1m | −$50.5m | −$38.8m | −$40.0m | −$39.4m | −$39.3m |
| Diluted earnings per share | 1.71 | -0.49 | 0.19 | -0.62 | -0.48 | -0.49 | -0.56 | -0.56 |
| Cash from operations | −$38.0m | $17.0m | $46.0m | −$12.0m | −$43.0m | −$36.0m | −$23.0m | −$25.0m |
| Capital spending | −$2.0m | −$2.0m | −$6.0m | — | −$1.0m | −$1.0m | −$1.0m | — |
| Free cash flow | −$40.0m | $15.0m | $40.0m | — | −$44.0m | −$37.0m | −$24.0m | — |
| Total assets | $396.4m | $244.7m | $244.4m | $189.5m | $198.7m | $224.0m | $269.8m | $299.5m |
| Cash and short-term investments | $143.2m | $71.5m | $65.9m | $14.8m | $32.2m | $66.5m | $103.7m | $122.9m |
| Debt | $2.3m | $76.8m | $77.2m | $76.5m | $76.4m | $76.8m | $77.3m | $77.1m |
| Shareholders' equity | $215.6m | −$58.1m | −$5.8m | −$40.6m | $3.0m | $33.1m | $67.8m | $95.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 72.3% | 39.2% | — |
| Operating income | -5.9% | 10.7% | — |
| Net income | -4.1% | 14.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.7 | -2.9 | -5.3 | -2.2 | -13.2 | -9.7 | -13.4 | -3.4 |
| Price to sales | 7.9 | 12.8 | 31.9 | 18.1 | 27.8 | 36.2 | 55.2 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 36% | 19% | -16% | -73% | 21% | -17% | 116% | -35% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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