N 
37.83
+1.52%
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
$55.2m
FY2016FY2025
Net income
−$164.1m
FY2016FY2025
Free cash flow
−$208.7m
FY2016FY2025
Shareholders' equity
$89.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $55.2m | $98.4m | $90.1m | $92.1m | $101.9m | $152.9m | $114.6m | $1.19bn | $307.7m | $165.4m |
| Research and development | $117.3m | $120.9m | $114.2m | $218.3m | $400.3m | $408.7m | $434.6m | $399.5m | $268.5m | $203.8m |
| Operating income | −$138.0m | −$105.6m | −$250.9m | −$336.1m | −$476.0m | −$406.8m | −$440.0m | $687.9m | −$55.1m | −$112.9m |
| Net income | −$164.1m | −$119.0m | −$276.1m | −$368.2m | −$523.8m | −$444.4m | −$440.7m | $681.3m | −$96.7m | −$153.5m |
| Diluted earnings per share | -8.08 | -8.35 | -21.68 | -29.34 | -42.48 | -37.10 | -37.53 | 58.98 | -9.16 | -15.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $280.4m | $303.9m | $398.0m | $710.6m | $1.12bn | $1.54bn | $1.98bn | $2.15bn | $508.9m | $568.9m |
| Cash and short-term investments | $245.8m | $255.2m | $303.6m | $505.0m | $734.0m | $1.06bn | $1.32bn | $1.34bn | $296.1m | $389.1m |
| Total liabilities | $190.6m | $243.1m | $267.0m | $344.0m | $437.7m | $461.5m | $572.0m | $432.6m | $421.0m | $480.7m |
| Debt | $20.5m | $91.8m | $112.6m | — | — | — | $248.7m | $247.0m | $245.2m | $243.5m |
| Shareholders' equity | $89.8m | $60.7m | $131.0m | $366.6m | $679.5m | $1.08bn | $1.41bn | $1.72bn | $87.8m | $88.1m |
| Shares outstanding | 20m | 14m | 13m | 13m | 12m | 12m | 12m | 12m | 11m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$208.5m | −$175.7m | −$192.6m | −$304.0m | −$412.7m | −$313.3m | −$328.7m | $718.2m | −$80.4m | −$117.0m |
| Capital spending | −$171,000 | −$1.5m | −$865,000 | −$5.7m | −$15.0m | −$7.3m | −$26.3m | −$14.2m | −$9.7m | −$6.4m |
| Free cash flow | −$208.7m | −$177.2m | −$193.5m | −$309.7m | −$427.6m | −$320.5m | −$355.0m | $704.0m | −$90.1m | −$123.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.1m | $10.9m | $21.8m | $11.8m | $11.2m | $10.5m | $29.2m | $24.1m |
| Operating income | −$42.3m | −$36.9m | −$26.3m | −$32.3m | −$34.0m | −$41.4m | $17.2m | −$34.5m |
| Net income | −$40.6m | −$44.9m | −$36.1m | −$35.5m | −$41.6m | −$50.9m | $7.3m | −$37.1m |
| Diluted earnings per share | -1.23 | -1.36 | -1.78 | -1.75 | -2.05 | -2.51 | 0.51 | -2.60 |
| Cash from operations | −$75.0m | −$44.0m | −$64.0m | −$48.0m | −$45.0m | −$49.0m | −$46.0m | −$43.0m |
| Total assets | $1.10bn | $763.3m | $280.4m | $301.3m | $207.5m | $256.2m | $303.9m | $308.0m |
| Cash and short-term investments | $684.3m | $568.6m | $245.8m | $270.2m | $175.9m | $218.6m | $255.2m | $244.5m |
| Debt | $22.7m | $22.5m | $20.5m | $22.2m | $22.0m | $21.8m | $19.9m | $21.5m |
| Shareholders' equity | $903.1m | $576.2m | $89.8m | $85.1m | −$24.2m | $13.7m | $60.7m | $48.9m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -249.9% | -92.5% | -278.4% | -365.1% | -467.1% | -266.0% |
| Net margin | -297.1% | -120.9% | -306.3% | -400.0% | -514.0% | -290.6% |
| Return on equity | -182.6% | -195.9% | -210.8% | -100.4% | -77.1% | -41.3% |
| Return on assets | -58.5% | -39.2% | -69.4% | -51.8% | -46.9% | -28.9% |
| Free cash flow yield | -27.8% | -33.1% | -40.7% | -64.3% | -87.3% | -69.1% |
| Revenue growth | -43.9% | 9.2% | -2.1% | -9.7% | -33.4% | 33.4% |
| Earnings growth | 37.9% | -56.9% | -25.0% | -29.7% | 17.9% | 0.9% |
| Current ratio | 4.97x | 4.26x | 6.45x | 8.00x | 9.34x | 9.83x |
| Debt to equity | 0.23x | 0.33x | 0.15x | 0.05x | 0.03x | 0.01x |
| Equity ratio | 32.0% | 20.0% | 32.9% | 51.6% | 60.8% | 70.0% |
| Interest coverage | -5.27x | -3.24x | -9.90x | -11.62x | -10.06x | -10.96x |
| R&D as a share of sales | 212.4% | 122.8% | 126.7% | 237.2% | 392.8% | 267.3% |
| Buybacks as a share of market value | -42.5% | -11.8% | -1.5% | -1.8% | -2.9% | -2.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.7% | -18.4% | -13.3% |
| Operating income | -25.7% | -19.4% | 16.7% |
| Net income | -23.6% | -18.1% | 7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -158.5% | -247.3% | -290.1% | -63.9% |
| Net margin | -184.2% | -276.1% | -320.9% | -76.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.2 | -1.7 | -0.4 | -0.6 | -0.9 | -1.4 | -1.7 | 1.6 | -11.2 | -1.4 |
| Price to sales | 15.5 | 2.0 | 1.2 | 2.3 | 4.8 | 3.9 | 6.5 | 0.9 | 3.5 | 1.3 |
Market value over time
30 Dec 2016 to 2 Nov 2026, in USD
$1.68bn$1.22bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 217% | 93% | -61% | -57% | -21% | -13% | -35% | -3% | 353% | -21% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 9 Jun 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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