N 
26.00
+2.73%
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
—
FY2016FY2025
Net income
−$90.4m
FY2016FY2025
Free cash flow
−$78.4m
FY2016FY2025
Shareholders' equity
$264.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $925,000 | — | — | — | — | — | $25.0m | — | — |
| Gross profit | −$3.2m | −$2.3m | −$3.3m | −$3.2m | −$42.3m | −$1.8m | −$340,000 | $25.0m | — | — |
| Research and development | $75.0m | $60.9m | $44.4m | $47.5m | $42.3m | $24.3m | $6.3m | $32.8m | $36.3m | $28.4m |
| Operating income | −$103.2m | −$82.6m | −$55.6m | −$56.5m | −$50.5m | −$41.6m | −$24.4m | −$23.5m | −$51.1m | −$37.6m |
| Net income | −$90.4m | −$75.1m | −$36.3m | −$55.2m | −$50.5m | −$33.3m | −$69.4m | −$31.6m | −$50.2m | −$37.0m |
| Diluted earnings per share | -5.83 | -5.06 | -2.83 | -1.29 | -1.19 | -0.79 | -1.97 | -1.34 | -2.14 | -1.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $288.6m | $335.7m | $222.6m | $109.3m | $101.5m | $210.5m | $147.0m | $77.6m | $110.3m | $154.4m |
| Cash and short-term investments | $269.0m | $312.4m | $197.2m | $82.0m | $70.5m | $192.6m | $143.1m | $76.9m | $108.1m | $103.1m |
| Total liabilities | $23.7m | $25.4m | $36.5m | $10.6m | $193.4m | $19.3m | $5.3m | $4.9m | $11.4m | $9.7m |
| Debt | $3.1m | $80,000 | $107,000 | $373,000 | $122,000 | $157,000 | $208,000 | $6,000 | $33,000 | $47,000 |
| Shareholders' equity | $264.9m | $310.4m | $186.0m | $98.6m | −$91.9m | $191.2m | $141.7m | $72.7m | $98.9m | $144.7m |
| Shares outstanding | 15m | 15m | 13m | 43m | 42m | 42m | 35m | 24m | 23m | 23m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$77.2m | −$70.6m | −$51.4m | −$52.8m | −$46.4m | −$24.6m | −$15.4m | −$31.6m | −$44.7m | −$30.2m |
| Capital spending | −$1.2m | −$808,000 | −$321,000 | −$2.2m | −$18.4m | −$2.2m | −$879,000 | −$49,000 | −$494,000 | −$713,000 |
| Free cash flow | −$78.4m | −$71.4m | −$51.7m | −$55.1m | −$64.8m | −$26.8m | −$16.3m | −$31.6m | −$45.2m | −$30.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | −$925,000 | — |
| Gross profit | — | −$854,000 | −$787,000 | −$17.2m | −$19.4m | −$17.8m | −$15.3m | −$16.3m |
| Operating income | −$36.7m | −$33.3m | −$27.5m | −$23.8m | −$26.1m | −$25.9m | −$21.5m | −$22.2m |
| Net income | −$34.5m | −$30.9m | −$24.7m | −$21.0m | −$22.0m | −$22.6m | −$19.5m | −$20.2m |
| Diluted earnings per share | -1.53 | -1.37 | -1.60 | -1.35 | -1.42 | -1.46 | -1.31 | -1.36 |
| Cash from operations | −$23.0m | −$26.0m | −$16.0m | −$19.0m | −$19.0m | −$20.0m | −$17.0m | −$15.0m |
| Total assets | $244.4m | $263.1m | $289.2m | $287.8m | $297.3m | $315.3m | $335.7m | $164.1m |
| Cash and short-term investments | $225.4m | $243.2m | $269.0m | $265.4m | $274.5m | $292.6m | $312.4m | $139.0m |
| Debt | $3.0m | $3.0m | $3.1m | $3.7m | $4.3m | $4.2m | $3.0m | $3.7m |
| Shareholders' equity | $217.1m | $237.8m | $264.9m | $265.5m | $273.3m | $291.8m | $310.4m | $137.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 22.2% | 20.0% | 17.1% |
| Net income | 17.9% | 22.1% | 15.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.5 | -4.5 | -2.2 | -2.5 | -26.0 | -114.8 | -40.1 | -10.3 | -5.4 | -10.3 |
| Price to sales | — | 367.1 | — | — | — | — | — | 13.1 | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -12% | 349% | 70% | -91% | -56% | 6% | 385% | 24% | -27% | 29% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-to-1 reverse split · 19 Dec 2023
- 5-to-1 reverse split · 25 Sept 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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