N 
8.92
+3.60%
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
$4.6m
FY2019FY2025
Net income
−$189.3m
FY2019FY2025
Free cash flow
−$50.8m
FY2019FY2025
Shareholders' equity
−$86.2m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.6m | $5.7m | $3.9m | $3.9m | $763,000 | $569,000 | $164,000 |
| Research and development | $19.0m | $16.2m | $19.5m | $17.1m | $9.5m | $8.8m | $6.6m |
| Operating income | −$70.2m | −$60.1m | −$67.8m | −$65.5m | −$42.4m | −$29.5m | −$17.3m |
| Net income | −$189.3m | −$101.9m | −$71.7m | −$40.1m | −$144.7m | −$137.3m | −$98.8m |
| Diluted earnings per share | -1.42 | -0.84 | -0.65 | -0.38 | -1.52 | -6.57 | -6.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $248.1m | $161.7m | $162.2m | $123.8m | $136.8m | $44.9m | $39.3m |
| Cash and short-term investments | $152.1m | $80.1m | $85.8m | $55.4m | $100.1m | $8.7m | $14.5m |
| Total liabilities | $334.3m | $111.6m | $82.1m | $19.9m | $36.9m | $535.3m | $30.1m |
| Debt | $276.3m | $57.1m | $51.0m | $2.5m | $28.9m | $58.9m | — |
| Shareholders' equity | −$86.2m | $50.1m | $78.7m | $100.0m | $100.0m | −$490.4m | $9.2m |
| Shares outstanding | 133m | 122m | 110m | 106m | 95m | 21m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$50.7m | −$38.0m | −$35.4m | −$37.1m | −$47.9m | −$28.4m | −$15.5m |
| Capital spending | −$50,000 | −$350,000 | −$2.8m | −$3.6m | −$1.3m | −$7.2m | −$59,000 |
| Free cash flow | −$50.8m | −$38.4m | −$38.2m | −$40.7m | −$49.2m | −$35.6m | −$15.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1m | $995,000 | $945,000 | $887,000 | $1.2m | $1.5m | $1.9m | $1.6m |
| Operating income | −$20.2m | −$19.3m | −$64.4m | $3.7m | −$60.1m | −$55.8m | $2.7m | −$13.9m |
| Net income | −$33.8m | −$10.6m | −$68.0m | $483,000 | −$63.2m | −$58.6m | −$32.3m | −$13.6m |
| Diluted earnings per share | -0.24 | -0.07 | -0.51 | 0.00 | -0.48 | -0.44 | -0.27 | -0.11 |
| Cash from operations | −$17.0m | −$10.0m | −$16.0m | −$8.0m | −$13.0m | −$12.0m | −$11.0m | −$6.0m |
| Total assets | $389.1m | $235.6m | $248.1m | $263.1m | $256.7m | $268.6m | $161.7m | $171.7m |
| Cash and short-term investments | $228.8m | $143.0m | $152.1m | $167.6m | $176.1m | $188.4m | $80.1m | $86.8m |
| Debt | $2.4m | $269.7m | $276.3m | $232.9m | $249.1m | $215.9m | $57.1m | $55.5m |
| Shareholders' equity | $334.5m | −$90.0m | −$86.2m | −$22.1m | −$47.2m | $6.6m | $50.1m | $65.6m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -3862.1% | -1628.2% | -1756.9% | -1646.4% | -16614.9% | -22365.7% |
| Net margin | -4138.5% | -1797.1% | -1857.5% | -1021.8% | -18960.2% | -24136.4% |
| Return on equity | 219.5% | -203.3% | -91.1% | -40.1% | -144.7% | 28.0% |
| Return on assets | -76.3% | -63.0% | -44.2% | -32.4% | -105.7% | -305.9% |
| Free cash flow yield | -3.8% | -3.1% | -3.0% | -3.1% | -4.8% | -10.1% |
| Revenue growth | -19.3% | 46.8% | -1.6% | 414.5% | 34.1% | 247.0% |
| Earnings growth | 85.8% | 42.0% | 78.8% | -72.3% | 5.3% | 39.0% |
| Current ratio | 12.71x | 7.09x | 9.31x | 6.89x | 15.92x | 4.26x |
| Debt to equity | -3.20x | 1.14x | 0.65x | 0.03x | 0.29x | -0.12x |
| Equity ratio | -34.8% | 31.0% | 48.6% | 80.8% | 73.1% | -1092.1% |
| Interest coverage | -14.19x | -9.82x | -18.52x | -71.74x | -7.11x | -12.68x |
| R&D as a share of sales | 414.4% | 286.5% | 505.0% | 434.5% | 1240.5% | 1542.5% |
| Buybacks as a share of market value | -9.4% | -10.9% | -3.0% | -11.5% | -356.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.2% | 51.7% | — |
| Operating income | 2.3% | 19.0% | — |
| Net income | 67.7% | 6.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1272.5% | -1462.7% | -1733.4% | — |
| Net margin | -2842.5% | -2235.1% | -3537.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -11.7 | -18.6 | -6.8 | -7.8 | -5.8 | -1.5 |
| Price to sales | 483.5 | 333.5 | 126.3 | 79.4 | — | 369.5 |
Market value over time
30 Nov 2020 to 23 Oct 2026, in USD
$69.3m$1.43bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 3% | 293% | 55% | -67% | -19% | 3% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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