M 
55.91
+13.68%
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
$467.6m
FY2016FY2025
Net income
−$136.7m
FY2016FY2025
Free cash flow
$7.0m
FY2016FY2025
Shareholders' equity
$451.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $467.6m | $360.5m | $693.3m | $1.12bn | $892.4m | $478.6m | $317.2m | $385.0m | $420.3m | $387.8m |
| Gross profit | $265.8m | $192.4m | $385.7m | $637.8m | $472.2m | $189.3m | $144.6m | $176.6m | $178.6m | $230.0m |
| Research and development | $208.6m | $225.2m | $269.5m | $296.4m | $278.4m | $180.0m | $98.3m | $119.9m | $111.7m | $97.7m |
| Operating income | −$134.2m | −$227.8m | −$58.1m | $185.3m | $67.4m | −$83.0m | −$22.1m | −$18.7m | −$23.9m | $73.5m |
| Net income | −$136.7m | −$245.2m | −$73.1m | $125.0m | $42.0m | −$98.6m | −$19.9m | −$26.2m | −$9.2m | $61.3m |
| Diluted earnings per share | -1.57 | -2.90 | -0.90 | 1.52 | 0.51 | -1.33 | -0.28 | -0.38 | -0.14 | 0.90 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $796.4m | $866.9m | $1.08bn | $1.19bn | $1.05bn | $1.03bn | $721.1m | $738.8m | $824.9m | $422.7m |
| Cash and short-term investments | $74.2m | $119.6m | $188.3m | $206.9m | $130.7m | $149.0m | $93.1m | $73.1m | $71.9m | $130.8m |
| Total liabilities | $344.5m | $350.6m | $397.8m | $509.8m | $563.3m | $641.5m | $306.2m | $338.9m | $437.4m | $70.2m |
| Debt | $123.6m | $123.0m | $122.4m | $121.8m | $306.2m | $363.6m | $206.9m | $255.8m | $347.6m | — |
| Shareholders' equity | $451.9m | $516.3m | $686.3m | $676.4m | $489.2m | $391.1m | $414.9m | $399.9m | $387.4m | $352.4m |
| Shares outstanding | 87m | 84m | 82m | 82m | 82m | 74m | 72m | 70m | 67m | 68m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $19.6m | −$45.3m | $25.0m | $388.7m | $168.2m | $73.6m | $78.3m | $102.7m | $75.1m | $117.3m |
| Capital spending | −$12.6m | −$17.7m | −$13.5m | −$41.3m | −$46.8m | −$12.5m | −$6.9m | −$7.8m | −$7.5m | −$8.5m |
| Free cash flow | $7.0m | −$63.0m | $11.6m | $347.5m | $121.5m | $61.1m | $71.5m | $94.9m | $67.6m | $108.8m |
| Dividends paid | — | — | — | — | −$350.0m | −$3.5m | −$12.0m | — | −$416.8m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $168.8m | $137.2m | $136.4m | $126.5m | $108.8m | $95.9m | $92.2m | $81.1m |
| Gross profit | $97.7m | $78.9m | $78.6m | $71.6m | $60.9m | $53.2m | $50.7m | $43.5m |
| Operating income | −$4.8m | −$17.1m | −$16.2m | −$40.7m | −$29.0m | −$47.4m | −$39.1m | −$79.8m |
| Net income | $1.8m | −$45.1m | −$14.9m | −$45.5m | −$26.6m | −$49.7m | −$57.8m | −$75.8m |
| Diluted earnings per share | 0.02 | -0.51 | -0.17 | -0.52 | -0.30 | -0.57 | -0.68 | -0.90 |
| Cash from operations | $4.0m | −$8.0m | $10.0m | $10.0m | $10.0m | −$11.0m | −$27.0m | −$30.0m |
| Capital spending | −$2.0m | −$1.0m | −$3.0m | −$5.0m | −$1.0m | −$1.0m | −$2.0m | −$4.0m |
| Free cash flow | $2.0m | −$9.0m | $7.0m | $5.0m | $9.0m | −$12.0m | −$29.0m | −$34.0m |
| Total assets | $822.6m | $771.3m | $796.4m | $808.1m | $863.7m | $855.3m | $866.9m | $895.3m |
| Cash and short-term investments | $64.8m | $62.5m | $74.2m | $113.2m | $108.6m | $104.0m | $119.6m | $149.5m |
| Debt | $141.5m | $133.2m | $132.7m | $133.0m | $133.3m | $133.0m | $132.4m | $132.6m |
| Shareholders' equity | $484.8m | $454.2m | $451.9m | $464.7m | $488.3m | $493.2m | $516.3m | $556.9m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 56.8% | 53.4% | 55.6% | 56.9% | 52.9% | 39.5% |
| Operating margin | -21.9% | -63.2% | -5.5% | 16.4% | 6.8% | -21.3% |
| Net margin | -29.2% | -68.0% | -10.6% | 11.2% | 4.7% | -20.6% |
| Return on equity | -30.2% | -47.5% | -10.7% | 18.5% | 8.6% | -25.2% |
| Return on assets | -17.2% | -28.3% | -6.7% | 10.5% | 4.0% | -9.5% |
| Free cash flow yield | 0.5% | -0.5% | 0.7% | 7.7% | 3.9% | 1.7% |
| Revenue growth | 29.7% | -48.0% | -38.1% | 25.5% | 86.5% | 50.9% |
| Earnings growth | -44.3% | 235.2% | -158.5% | 197.9% | -142.6% | 395.5% |
| Current ratio | 1.34x | 1.77x | 2.20x | 1.65x | 1.95x | 1.55x |
| Debt to equity | 0.29x | 0.26x | 0.19x | 0.20x | 0.64x | 0.95x |
| Equity ratio | 56.7% | 59.6% | 63.3% | 57.0% | 46.5% | 37.9% |
| Interest coverage | -10.18x | -20.95x | -3.57x | 18.83x | 4.68x | -7.87x |
| R&D as a share of sales | 44.6% | 62.5% | 38.9% | 26.5% | 31.2% | 37.6% |
| Buybacks as a share of market value | -3.3% | -3.4% | 0.9% | -1.0% | -9.7% | -3.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.3% | -0.5% | 4.5% |
| Operating income | — | 10.1% | 50.0% |
| Net income | — | 6.8% | 12.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 55.3% | 56.1% | 53.4% | 52.0% |
| Operating margin | -43.7% | -8.9% | -6.2% | -4.2% |
| Net margin | -46.1% | -12.5% | -9.6% | -7.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.1 | -6.8 | -16.7 | 14.1 | 92.2 | -18.1 | -48.1 | -29.4 | -121.5 | 15.3 |
| Price to sales | 3.3 | 4.6 | 1.8 | 1.6 | 4.3 | 3.7 | 3.0 | 2.0 | 2.6 | 2.4 |
Market value over time
30 Nov 2016 to 30 Oct 2026, in USD
$1.39bn$6.59bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -11% | 38% | -33% | -52% | 102% | 64% | 24% | -34% | 16% | 58% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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