M 
1.30
+3.17%
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
$33.0m
FY2016FY2025
Net income
−$44.6m
FY2016FY2025
Free cash flow
−$36.2m
FY2016FY2025
Shareholders' equity
$171.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.0m | $38.6m | $41.3m | $44.3m | $33.9m | $26.2m | $21.6m | $16.7m | $14.0m | $12.3m |
| Gross profit | $26.8m | $31.5m | $36.5m | $39.2m | $30.2m | $23.4m | $19.1m | $14.8m | $12.5m | $11.0m |
| Research and development | $20.8m | $22.2m | $23.8m | $19.5m | $15.4m | $17.7m | $17.6m | $11.2m | $11.3m | $4.7m |
| Operating income | −$45.3m | −$51.2m | −$48.3m | −$27.4m | −$18.2m | −$11.1m | −$12.4m | −$8.4m | −$9.3m | −$2.7m |
| Net income | −$44.6m | −$41.1m | −$37.9m | −$23.6m | −$19.1m | −$11.8m | −$12.9m | −$8.9m | −$9.9m | −$3.3m |
| Diluted earnings per share | -0.42 | -0.39 | -0.37 | -0.23 | -0.19 | -0.15 | -0.22 | -0.17 | -0.19 | -0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $202.5m | $239.5m | $268.3m | $286.7m | $284.1m | $51.8m | $30.0m | $24.3m | $31.4m | $16.1m |
| Cash and short-term investments | $103.0m | $154.5m | $168.3m | $227.3m | $255.0m | $34.8m | $16.7m | $14.4m | $25.3m | $11.7m |
| Total liabilities | $31.0m | $33.2m | $36.1m | $32.7m | $21.2m | $18.6m | $16.4m | $12.0m | $11.8m | $11.0m |
| Debt | $17.9m | $18.0m | $18.7m | $16.1m | $5.7m | $7.0m | $7.2m | $5.1m | $5.0m | $5.0m |
| Shareholders' equity | $171.5m | $206.3m | $232.2m | $254.0m | $262.9m | $33.2m | $13.6m | $12.3m | $19.6m | $5.1m |
| Shares outstanding | 106m | 105m | 104m | 102m | 101m | 77m | 57m | 51m | 51m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$34.4m | −$27.6m | −$21.7m | −$14.8m | −$10.7m | −$8.8m | −$8.8m | −$10.5m | −$9.7m | −$2.3m |
| Capital spending | −$1.8m | −$1.7m | −$3.7m | −$18.5m | −$3.8m | −$2.1m | −$1.3m | −$709,700 | −$609,700 | −$218,800 |
| Free cash flow | −$36.2m | −$29.3m | −$25.4m | −$33.3m | −$14.5m | −$10.9m | −$10.1m | −$11.2m | −$10.3m | −$2.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.3m | $9.7m | $7.3m | $6.8m | $8.5m | $10.4m | $8.7m | $8.2m |
| Gross profit | $5.6m | $7.1m | $5.7m | $6.3m | $7.0m | $8.9m | $6.4m | $6.2m |
| Operating income | −$10.2m | −$6.2m | −$7.7m | −$10.6m | −$14.2m | −$12.3m | −$12.9m | −$14.1m |
| Net income | −$8.9m | −$4.8m | −$9.6m | −$12.4m | −$12.4m | −$10.3m | −$10.6m | −$11.6m |
| Diluted earnings per share | -0.08 | -0.04 | -0.09 | -0.12 | -0.12 | -0.10 | -0.10 | -0.11 |
| Cash from operations | −$4.0m | −$8.0m | −$2.0m | −$7.0m | −$9.0m | −$14.0m | −$7.0m | −$4.0m |
| Total assets | $184.7m | $194.5m | $202.5m | $213.5m | $219.8m | $230.0m | $239.5m | $248.6m |
| Cash and short-term investments | $105.7m | $14.6m | $103.0m | $105.7m | $126.6m | $138.3m | $154.5m | $153.8m |
| Debt | $1.5m | $1.4m | $1.5m | $1.3m | $1.3m | $1.3m | $864,000 | $907,000 |
| Shareholders' equity | $158.8m | $167.9m | $171.5m | $180.3m | $190.7m | $199.4m | $206.3m | $213.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.3% | 4.8% | 13.5% |
| Operating income | 18.3% | 32.6% | 50.5% |
| Net income | 23.7% | 30.4% | 40.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 81.4% | 85.3% | 86.4% | 87.0% |
| Operating margin | -134.7% | -109.5% | -92.7% | -80.7% |
| Net margin | -119.6% | -93.6% | -82.0% | -73.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -3.7 | -10.6 | -12.8 | -23.7 | -53.8 |
| Price to sales | 5.0 | 11.3 | 11.8 | 12.6 | 30.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -64% | -16% | -3% | -49% | -41% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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