M 
18.40
-1.02%
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
$624.9m
FY2019FY2025
Net income
−$13.9m
FY2019FY2025
Free cash flow
$160.8m
FY2019FY2025
Shareholders' equity
$762.0m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $624.9m | $507.0m | $676.2m | $748.2m | $517.2m | $290.3m | $143.3m |
| Research and development | — | — | $55.6m | $52.4m | $33.6m | $13.2m | $7.8m |
| Operating income | −$29.2m | −$24.5m | −$283.0m | −$209.8m | −$162.0m | −$47.1m | −$58.9m |
| Net income | −$13.9m | $27.3m | −$223.0m | −$184.8m | −$163.9m | −$47.7m | −$58.2m |
| Diluted earnings per share | -0.12 | 0.22 | -1.71 | -1.36 | -1.21 | -0.39 | -2.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $1.53bn | $1.46bn | $1.59bn | $1.77bn | $1.83bn | $457.7m | $223.2m |
| Cash and short-term investments | $1.08bn | $1.10bn | $1.25bn | $1.62bn | $1.71bn | $370.3m | $155.6m |
| Total liabilities | $763.1m | $378.2m | $346.3m | $297.4m | $257.0m | $169.5m | $85.8m |
| Debt | $10.7m | — | — | — | — | $2.5m | $600,000 |
| Shareholders' equity | $762.0m | $1.09bn | $1.24bn | $1.47bn | $1.57bn | $288.2m | $137.3m |
| Shares outstanding | 116m | 126m | 131m | 136m | 135m | 121m | 28m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | $162.6m | $58.2m | $21.1m | −$13.0m | $57.0m | $50.3m | −$15.4m |
| Capital spending | −$1.8m | −$2.4m | −$12.7m | −$3.9m | −$2.7m | −$2.4m | −$4.9m |
| Free cash flow | $160.8m | $55.8m | $8.5m | −$16.9m | $54.2m | $47.9m | −$20.3m |
| Dividends paid | — | — | — | — | — | — | −$144.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $176.0m | $165.8m | $172.1m | $163.3m | $150.4m | $139.1m | $135.8m | $128.0m |
| Operating income | $3.6m | $3.6m | −$8.3m | −$10.4m | −$9.2m | −$18.5m | −$37.4m | −$42.2m |
| Net income | $7.6m | $7.8m | −$1.4m | −$3.6m | −$647,000 | −$8.3m | −$27.1m | −$28.6m |
| Diluted earnings per share | 0.07 | 0.07 | -0.01 | -0.03 | -0.01 | -0.07 | -0.22 | -0.23 |
| Cash from operations | $63.0m | −$3.0m | $53.0m | $86.0m | $12.0m | $9.0m | $24.0m | $7.0m |
| Capital spending | — | −$1.0m | −$19.0m | −$8.0m | −$7.0m | −$7.0m | −$4.0m | −$4.0m |
| Free cash flow | — | −$4.0m | $34.0m | $78.0m | $5.0m | $2.0m | $20.0m | $3.0m |
| Total assets | $1.4m | $1.48bn | $1.53bn | $1.49bn | $1.21bn | $1.35bn | $1.46bn | $1.44bn |
| Cash and short-term investments | $700,896 | $992.5m | $1.08bn | $830.5m | $821.6m | $988.4m | $1.10bn | $1.10bn |
| Debt | $2,603 | $10.3m | $10.7m | $10.8m | $11.5m | $12.1m | $12.3m | $12.5m |
| Shareholders' equity | $715,557 | $742.3m | $762.0m | $839.2m | $843.4m | $987.3m | $1.09bn | $1.10bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -2.1% | 5.5% | -34.1% | -24.7% | -31.8% | -16.2% | — |
| Net margin | -2.2% | 5.4% | -33.0% | -24.7% | -31.7% | -16.4% | — |
| Return on equity | -1.8% | 2.5% | -17.9% | -12.5% | -10.4% | -16.6% | — |
| Return on assets | -0.9% | 1.9% | -14.0% | -10.4% | -9.0% | -10.4% | — |
| Free cash flow yield | 7.9% | 2.7% | 1.4% | -0.4% | 2.4% | 2.4% | — |
| Revenue growth | 23.3% | -25.0% | -9.6% | 44.7% | 78.2% | 102.6% | — |
| Earnings growth | -151.0% | -112.2% | 20.7% | 12.7% | 243.7% | -18.0% | — |
| Current ratio | 1.65x | 3.37x | 4.13x | 6.17x | 7.56x | 3.05x | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.01x | — |
| Equity ratio | 50.0% | 74.2% | 78.2% | 83.2% | 86.0% | 63.0% | — |
| Interest coverage | — | — | — | -7.42x | -64.21x | -90.38x | -84.33x |
| R&D as a share of sales | — | — | 8.2% | 7.0% | 6.5% | 4.6% | 5.4% |
| Buybacks as a share of market value | 8.1% | 3.7% | 4.1% | -0.8% | -11.7% | -331.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.8% | 16.6% | — |
| Operating income | -48.2% | -9.1% | — |
| Net income | -57.8% | -21.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.7% | -21.4% | -22.5% | — |
| Net margin | 1.2% | -15.4% | -18.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -157.7 | 69.8 | -9.4 | -10.3 | -32.5 |
| Price to sales | 3.5 | 3.8 | 3.1 | 2.6 | 10.3 |
Market value over time
30 Jun 2021 to 30 Oct 2026, in USD
$6.60bn$1.93bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 34% | -9% | 14% | -63% | -46% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-to-1 reverse split · 1 Jul 2026
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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