16.23
+4.84%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$197.6m
FY2016FY2025
Net income
$34.4m
FY2016FY2025
Free cash flow
−$37.8m
FY2016FY2025
Shareholders' equity
$546.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197.6m | $174.5m | $166.2m | $110.4m | $136.5m | $104.8m | $117.0m | $128.8m | $67.7m | $60.4m |
| Research and development | — | — | — | — | — | — | — | $3.7m | $3.8m | $3.9m |
| Operating income | $14.2m | −$50.6m | −$162.1m | −$95.4m | −$64.3m | −$146.3m | −$63.9m | −$46.0m | −$26.3m | $15.3m |
| Net income | $34.4m | −$43.7m | $55.3m | −$81.1m | −$56.7m | −$152.3m | −$59.7m | −$44.9m | −$10.6m | $21.1m |
| Diluted earnings per share | 0.63 | -0.84 | 1.16 | -1.67 | -1.22 | -3.45 | -1.49 | -1.33 | -0.32 | 0.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $820.2m | $664.6m | $659.5m | $528.7m | $534.7m | $508.8m | $642.3m | $616.9m | $592.1m | $498.3m |
| Cash and short-term investments | $72.1m | $14.9m | $24.8m | $40.9m | $58.6m | $20.8m | $48.3m | $18.9m | $35.1m | $46.0m |
| Total liabilities | $274.0m | $169.6m | $157.1m | $172.4m | $144.7m | $143.4m | $142.9m | $131.0m | $70.9m | $55.3m |
| Debt | $126.2m | $40.0m | $40.0m | $64.0m | $48.9m | $48.2m | $49.5m | $55.6m | $600,000 | — |
| Shareholders' equity | $546.2m | $495.0m | $502.4m | $322.8m | $375.2m | $365.3m | $499.5m | $485.9m | $521.3m | $443.0m |
| Shares outstanding | 55m | 52m | 48m | 48m | 46m | 44m | 40m | 34m | 34m | 30m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $6.9m | $29.5m | −$39.6m | −$58.6m | −$20.2m | −$27.9m | −$39.5m | $487,000 | −$15.4m | $25.2m |
| Capital spending | −$44.6m | −$43.1m | −$26.1m | −$24.2m | −$34.9m | −$13.4m | −$29.7m | −$81.3m | −$8.6m | −$7.2m |
| Free cash flow | −$37.8m | −$13.6m | −$65.7m | −$82.8m | −$55.1m | −$41.2m | −$69.2m | −$80.8m | −$24.0m | $18.0m |
| Dividends paid | −$2.2m | — | −$295,000 | −$286,000 | −$9.8m | −$340,000 | — | −$3.4m | −$3.1m | −$3.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $59.2m | $74.0m | $64.6m | $50.5m | $46.7m | $35.7m | $33.5m | $52.3m |
| Operating income | $7.7m | $12.4m | $14.1m | $1.7m | $3.7m | −$7.6m | −$8.5m | −$97,000 |
| Net income | $9.6m | $33.4m | $38.1m | −$462,000 | $3.0m | −$6.3m | −$8.2m | −$2.1m |
| Diluted earnings per share | 0.13 | 0.45 | 0.70 | -0.01 | 0.06 | -0.11 | -0.16 | -0.04 |
| Cash from operations | $58.0m | $12.0m | $3.0m | $5.0m | — | −$1.0m | −$1.0m | $23.0m |
| Capital spending | −$39.0m | −$14.0m | −$9.0m | −$10.0m | −$9.0m | −$14.0m | −$12.0m | −$19.0m |
| Free cash flow | $19.0m | −$2.0m | −$6.0m | −$5.0m | — | −$15.0m | −$13.0m | $4.0m |
| Total assets | $992.1m | $972.6m | $820.2m | $747.6m | $735.6m | $730.6m | $664.6m | $667.8m |
| Cash and short-term investments | $91.7m | $70.1m | $72.1m | $71.9m | $67.4m | $78.2m | $14.9m | $30.2m |
| Debt | $133.4m | $124.2m | $127.1m | $126.8m | $126.5m | $126.3m | $40.8m | $40.9m |
| Shareholders' equity | $706.6m | $652.0m | $546.2m | $488.6m | $484.5m | $479.8m | $495.0m | $502.1m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 7.2% | -7.2% | -62.7% | -88.9% | -42.5% | -139.6% | — | — | — | — | — | — |
| Net margin | 17.4% | -25.0% | 33.3% | -73.4% | -41.5% | -145.4% | — | — | — | — | — | — |
| Return on equity | 6.3% | -8.8% | 11.0% | -25.1% | -15.1% | -41.7% | — | — | — | — | — | — |
| Return on assets | 4.2% | -6.6% | 8.4% | -15.3% | -10.6% | -29.9% | — | — | — | — | — | — |
| Free cash flow yield | 6.3% | 9.4% | -1.9% | -4.8% | 2.1% | -2.2% | — | — | — | — | — | — |
| Revenue growth | 13.2% | 5.0% | 50.5% | -19.1% | 30.3% | -10.5% | — | — | — | — | — | — |
| Earnings growth | -178.8% | -179.0% | -168.2% | 43.0% | -62.8% | 155.0% | — | — | — | — | — | — |
| Current ratio | 1.69x | 0.86x | 1.76x | 0.97x | 1.62x | 1.17x | — | — | — | — | — | — |
| Debt to equity | 0.23x | 0.08x | 0.08x | 0.20x | 0.15x | 0.07x | — | — | — | — | — | — |
| Equity ratio | 66.6% | 74.5% | 76.2% | 61.1% | 70.2% | 71.8% | — | — | — | — | — | — |
| Interest coverage | 1.96x | -2.75x | -790.18x | -12.61x | -9.35x | -19.68x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 2.8% | 5.7% | 6.4% | 1.6% | 4.0% | 1.8% |
| Buybacks as a share of market value | -5.4% | -8.6% | 1.2% | -4.4% | -5.0% | -10.3% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.4% | 13.5% | 10.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9.8% | -45.3% | -56.7% | -50.5% |
| Net margin | -2.5% | -5.4% | -27.4% | -26.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.4 | -9.3 | 6.2 | -3.5 | -7.3 | -2.9 | -8.5 | -13.7 | -72.3 | 41.4 |
| Price to sales | 5.1 | 2.3 | 2.1 | 2.6 | 3.0 | 4.2 | 4.3 | 4.8 | 11.3 | 14.4 |
Market value over time
30 Dec 2016 to 4 Nov 2026, in USD
$876.0m$1.11bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 140% | -1% | 54% | -41% | -14% | -7% | -39% | -17% | -23% | 155% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Mar 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2012 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.10 | 0.10 | 0.10 | 0.05 | 0.20 |
- 10-to-1 reverse split · 28 Jul 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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