M 
4.19
+7.44%
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
$349.0m
FY2016FY2025
Net income
$5.9m
FY2016FY2025
Free cash flow
$13.7m
FY2016FY2025
Shareholders' equity
−$51.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $349.0m | $285.5m | $199.0m | $99.8m | $75.4m | $65.1m | $63.0m | $27.9m | $11.7m | $174.8m |
| Gross profit | $287.8m | $208.9m | $136.2m | $42.3m | $36.6m | $40.5m | $35.1m | $7.4m | −$5.5m | $124.7m |
| Research and development | $66.3m | $45.9m | $31.3m | $19.7m | $12.3m | $6.2m | $6.9m | $8.7m | $14.1m | $14.9m |
| Operating income | $38.8m | $72.6m | $8.7m | −$65.1m | −$64.3m | −$48.0m | −$42.0m | −$77.8m | −$104.3m | $67.3m |
| Net income | $5.9m | $27.6m | −$11.9m | −$87.4m | −$80.9m | −$57.2m | −$51.9m | −$87.0m | −$117.3m | $125.7m |
| Diluted earnings per share | 0.02 | 0.09 | -0.04 | -0.33 | -0.32 | -0.24 | -0.25 | -0.46 | -1.01 | 1.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $792.2m | $393.8m | $475.2m | $295.3m | $321.2m | $108.6m | $93.7m | $107.7m | $84.6m | $107.1m |
| Cash and short-term investments | $171.3m | $197.3m | $295.1m | $170.8m | $204.1m | $67.0m | $49.9m | $71.2m | $43.9m | $22.9m |
| Total liabilities | $843.2m | $472.7m | $721.4m | $545.8m | $530.5m | $289.0m | $284.3m | $282.8m | $299.3m | $290.7m |
| Debt | $609.3m | $289.6m | $518.6m | $377.6m | $381.7m | $122.2m | $118.9m | $102.5m | $156.8m | $148.5m |
| Shareholders' equity | −$51.0m | −$78.8m | −$246.2m | −$250.5m | −$209.3m | −$180.4m | −$190.5m | −$175.1m | −$214.7m | −$183.6m |
| Shares outstanding | 314m | 291m | 324m | 263m | 251m | 235m | 207m | 187m | 116m | 97m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $18.3m | $42.5m | $34.1m | −$80.7m | −$61.7m | −$28.1m | −$88.5m | −$37.7m | −$64.8m | −$78.1m |
| Capital spending | −$4.6m | −$9.7m | −$42.4m | −$7.6m | −$11.5m | −$4.8m | −$2.6m | −$354,000 | −$1.1m | −$1.1m |
| Free cash flow | $13.7m | $32.8m | −$8.3m | −$88.3m | −$73.2m | −$32.9m | −$91.0m | −$38.1m | −$65.9m | −$79.2m |
| Dividends paid | — | — | — | — | −$498,000 | −$14.9m | −$656,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $109.4m | $90.2m | $112.0m | $82.1m | $76.5m | $78.4m | $76.8m | $70.1m |
| Gross profit | $79.8m | $68.3m | $87.8m | $61.9m | $56.0m | $60.8m | $57.2m | $52.1m |
| Operating income | −$350,000 | −$3.0m | −$7.7m | $15.1m | $7.1m | $22.3m | $15.9m | $17.9m |
| Net income | −$19.0m | −$16.6m | −$15.9m | $8.0m | $668,000 | $13.2m | $7.4m | $11.6m |
| Diluted earnings per share | -0.06 | -0.05 | -0.05 | 0.03 | 0.00 | 0.04 | 0.03 | 0.04 |
| Cash from operations | −$18.0m | −$5.0m | −$7.0m | $23.0m | $8.0m | −$6.0m | $22.0m | $9.0m |
| Capital spending | −$5.0m | −$1.0m | −$1.0m | −$1.0m | −$1.0m | — | −$2.0m | −$1.0m |
| Free cash flow | −$23.0m | −$6.0m | −$8.0m | $22.0m | $7.0m | — | $20.0m | $8.0m |
| Total assets | $732.3m | $744.4m | $792.2m | $494.6m | $411.7m | $410.1m | $393.8m | $464.2m |
| Cash and short-term investments | $111.1m | $133.9m | $171.3m | $260.0m | $179.0m | $181.5m | $197.3m | $251.6m |
| Debt | $321.2m | $331.6m | $367.6m | $122.4m | $36.2m | $36.1m | $49.2m | $227.9m |
| Shareholders' equity | −$67.2m | −$59.2m | −$51.0m | −$44.6m | −$55.0m | −$58.6m | −$78.8m | −$209.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 51.8% | 39.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 78.3% | 72.4% | 70.1% | — |
| Operating margin | 17.6% | 5.9% | -5.3% | — |
| Net margin | 5.3% | -7.1% | -19.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 191.9 | 42.8 | -62.4 | -10.0 | -8.6 | -8.1 | -3.3 | -1.4 | -1.4 | 1.6 |
| Price to sales | 3.2 | 4.1 | 3.7 | 8.8 | 9.2 | 7.1 | 2.7 | 4.5 | 14.5 | 1.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 1% | 52% | -20% | 12% | 18% | 170% | 21% | -50% | -42% | 5% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 3 Mar 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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