M 
1.24
+6.90%
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
$1.2m
FY2016FY2025
Net income
−$95.0m
FY2016FY2025
Free cash flow
−$59.4m
FY2016FY2025
Shareholders' equity
$55.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2m | $4.7m | $7.3m | $664,000 | $2.5m | $3.1m | $8.9m | $17.6m | $10.9m | $14.8m |
| Research and development | $31.7m | $49.0m | $56.7m | $30.4m | $24.1m | $9.8m | $18.7m | $24.7m | $15.1m | $12.1m |
| Operating income | −$76.5m | −$92.0m | −$88.9m | −$53.9m | −$43.9m | −$13.6m | −$26.5m | −$27.2m | −$24.2m | −$16.5m |
| Net income | −$95.0m | −$96.9m | −$82.8m | −$53.1m | −$43.2m | −$13.6m | −$24.8m | −$27.3m | −$24.2m | −$16.5m |
| Diluted earnings per share | -4.66 | -6.62 | -6.52 | -4.73 | -3.95 | -1.38 | -3.07 | -4.32 | -4.63 | -4.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $103.1m | $121.2m | $129.6m | $115.0m | $130.2m | $21.0m | $11.8m | $23.0m | $29.7m | $20.1m |
| Cash and short-term investments | $74.8m | $74.7m | $73.8m | $82.7m | $115.4m | $16.9m | $5.8m | $13.8m | $17.0m | $15.1m |
| Total liabilities | $47.6m | $72.4m | $33.8m | $25.3m | $17.5m | $12.0m | $15.8m | $18.9m | $24.8m | $12.6m |
| Debt | $19.3m | $33.0m | — | — | $400,000 | $1.7m | — | $100,000 | — | — |
| Shareholders' equity | $55.5m | $48.8m | $95.8m | $89.7m | $112.8m | $9.0m | −$4.0m | $4.1m | $4.9m | $7.5m |
| Shares outstanding | 20m | 15m | 13m | 11m | 11m | 10m | 8m | 6m | 5m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$58.7m | −$68.5m | −$67.1m | −$38.0m | −$29.4m | −$16.1m | −$24.0m | −$22.6m | −$15.5m | −$14.8m |
| Capital spending | −$679,000 | −$374,000 | −$1.9m | −$4.4m | −$2.5m | −$402,000 | −$745,000 | −$1.1m | −$3.1m | −$895,000 |
| Free cash flow | −$59.4m | −$68.9m | −$69.0m | −$42.4m | −$31.9m | −$16.5m | −$24.8m | −$23.7m | −$18.6m | −$15.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5m | $935,000 | $223,000 | $241,000 | $155,000 | $589,000 | $1.6m | $190,000 |
| Operating income | −$31.3m | −$22.4m | −$36.9m | −$11.8m | −$14.7m | −$15.8m | −$17.2m | −$15.7m |
| Net income | −$36.9m | −$25.3m | −$37.8m | −$14.2m | −$14.2m | −$28.8m | −$31.2m | −$15.5m |
| Diluted earnings per share | -1.66 | -1.13 | -1.85 | -0.70 | -0.70 | -1.41 | -2.13 | -1.06 |
| Cash from operations | −$35.0m | −$15.0m | −$15.0m | −$16.0m | −$12.0m | −$14.0m | −$15.0m | −$14.0m |
| Total assets | $88.6m | $110.2m | $103.1m | $150.8m | $140.6m | $116.7m | $121.2m | $88.3m |
| Cash and short-term investments | $27.2m | $46.1m | $74.8m | $99.5m | $91.4m | $69.0m | $74.7m | $43.2m |
| Debt | $29.7m | $37.1m | $22.7m | $32.1m | $35.7m | $33.1m | $35.7m | $2.1m |
| Shareholders' equity | $20.6m | $39.5m | $55.5m | $90.7m | $77.1m | $53.2m | $48.8m | $65.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.1% | -17.1% | -18.4% |
| Operating income | 12.4% | 41.2% | 18.1% |
| Net income | 21.4% | 47.4% | 20.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2853.7% | -2251.0% | -1899.0% | -591.5% |
| Net margin | -3250.3% | -2370.9% | -1981.1% | -609.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -1.8 | -3.6 | -4.4 | -11.3 | -34.7 | -1.0 | -0.6 | -1.5 | -1.2 |
| Price to sales | 124.4 | 36.4 | 41.5 | 353.9 | 195.5 | 153.3 | 2.7 | 0.9 | 3.3 | 1.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 0% | -67% | 18% | -58% | -2% | 1723% | 11% | -65% | 48% | -61% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 3 Aug 2026
- 8-to-1 reverse split · 21 Feb 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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