M 
3.09
-3.74%
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
—
FY2016FY2025
Net income
−$76.2m
FY2016FY2025
Free cash flow
−$64.3m
FY2016FY2025
Shareholders' equity
$99.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $6.1m | $8.7m | $234.4m | $11.5m | $11.6m | $25.2m | $12.8m | $24.8m | $28.5m |
| Research and development | $49.7m | $60.1m | $60.3m | $62.8m | $68.9m | $69.3m | $53.8m | $47.2m | $46.3m | $43.5m |
| Operating income | −$71.9m | −$75.7m | −$75.6m | $144.2m | −$78.3m | −$72.1m | −$45.3m | −$46.3m | −$32.0m | −$24.1m |
| Net income | −$76.2m | −$66.8m | −$76.6m | $145.7m | −$78.9m | −$77.6m | −$44.9m | −$45.8m | −$31.4m | −$23.0m |
| Diluted earnings per share | -2.04 | -1.96 | -2.33 | 4.04 | -3.34 | -3.10 | -2.09 | -2.16 | -1.50 | -1.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $126.3m | $196.0m | $245.3m | $324.3m | $213.5m | $231.9m | $129.8m | $191.9m | $178.6m | $227.6m |
| Cash and short-term investments | $115.1m | $184.8m | $231.1m | $308.1m | $164.2m | $214.8m | $117.6m | $122.4m | $174.4m | $222.9m |
| Total liabilities | $26.9m | $20.9m | $27.1m | $33.5m | $80.8m | $99.3m | $62.8m | $78.5m | $34.2m | $59.7m |
| Debt | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.6m | — | — | — |
| Shareholders' equity | $99.3m | $175.1m | $218.2m | $290.8m | $132.7m | $132.6m | $66.9m | $113.4m | $144.3m | $167.9m |
| Shares outstanding | 37m | 34m | 33m | 36m | 24m | 25m | 22m | 21m | 21m | 21m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$63.4m | −$73.3m | −$73.0m | $146.6m | −$112.5m | −$35.8m | −$1.5m | −$52.5m | −$49.5m | −$43.7m |
| Capital spending | −$882,871 | −$894,000 | −$710,996 | −$1.8m | −$1.6m | −$2.1m | −$2.3m | −$1.1m | −$618,257 | −$1.4m |
| Free cash flow | −$64.3m | −$74.2m | −$73.7m | $144.9m | −$114.1m | −$37.9m | −$3.8m | −$53.6m | −$50.1m | −$45.1m |
| Dividends paid | — | — | — | −$309,129 | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | $842,066 |
| Operating income | −$17.0m | −$16.6m | −$19.6m | −$18.4m | −$21.4m | −$22.2m | −$18.3m | −$18.0m |
| Net income | −$17.0m | −$16.3m | −$19.6m | −$18.3m | −$25.2m | −$23.1m | −$13.9m | −$20.3m |
| Diluted earnings per share | -0.44 | -0.42 | -0.52 | -0.49 | -0.67 | -0.62 | -0.41 | -0.60 |
| Cash from operations | −$13.0m | −$17.0m | −$16.0m | −$15.0m | −$16.0m | −$21.0m | −$16.0m | −$16.0m |
| Total assets | $93.3m | $108.1m | $126.3m | $138.7m | $153.6m | $174.5m | $196.0m | $190.7m |
| Cash and short-term investments | $83.7m | $97.1m | $115.1m | $129.2m | $141.6m | $161.9m | $184.8m | $177.6m |
| Debt | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m |
| Shareholders' equity | $72.1m | $84.4m | $99.3m | $118.1m | $131.9m | $158.5m | $175.1m | $171.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | — | -0.1% | 38.6% |
| Net income | — | -0.4% | 82.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -2.1 | -2.4 | -1.8 | 1.6 | -3.6 |
| Price to sales | — | 26.3 | 15.8 | 1.0 | 24.6 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -19% | 23% | -33% | -48% | 1% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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