N 
9.58
+11.27%
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
$45.9m
FY2019FY2025
Net income
−$117.0m
FY2019FY2025
Free cash flow
−$44.4m
FY2019FY2025
Shareholders' equity
$443.7m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $45.9m | $83.3m | $79.5m | $37.9m | $23.7m | $11.8m | $1.7m |
| Research and development | $49.8m | $76.0m | $68.8m | $50.3m | $27.5m | $13.0m | $11.1m |
| Operating income | −$87.3m | −$88.7m | −$118.1m | −$123.6m | −$68.5m | −$18.8m | −$17.1m |
| Net income | −$117.0m | −$84.6m | −$145.4m | $73.9m | −$152.7m | −$19.0m | −$17.3m |
| Diluted earnings per share | -0.53 | -0.45 | -0.81 | 0.48 | -1.57 | -1.28 | -1.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $500.5m | $390.0m | $485.5m | $425.3m | $295.6m | $48.5m | $9.0m |
| Cash and short-term investments | $236.9m | $86.7m | $151.9m | $110.3m | $268.3m | $38.9m | $6.0m |
| Total liabilities | $56.8m | $42.0m | $104.9m | $40.5m | $230.1m | $120.9m | $6.3m |
| Debt | $2.2m | — | — | — | $6.9m | $6.0m | $4.8m |
| Shareholders' equity | $443.7m | $348.0m | $380.6m | $381.1m | $65.5m | −$72.4m | $2.7m |
| Shares outstanding | 222m | 187m | 179m | 152m | 97m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$42.9m | −$58.8m | −$41.4m | −$44.5m | −$41.7m | −$20.6m | −$17.6m |
| Capital spending | −$1.5m | −$6.8m | −$4.8m | −$4.6m | −$2.1m | −$223,000 | −$66,000 |
| Free cash flow | −$44.4m | −$65.6m | −$46.2m | −$49.1m | −$43.8m | −$20.8m | −$17.7m |
| Dividends paid | — | — | — | −$1.7m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.5m | $8.6m | $7.3m | $10.1m | $14.5m | $14.0m | $18.0m | $21.7m |
| Operating income | −$27.2m | −$27.3m | −$24.8m | −$19.4m | −$21.7m | −$25.3m | −$44.3m | −$29.0m |
| Net income | −$228.2m | −$33.8m | −$31.8m | −$19.2m | −$49.1m | −$16.8m | −$39.9m | −$18.7m |
| Diluted earnings per share | -0.97 | -0.14 | -0.14 | -0.09 | -0.22 | -0.08 | -0.21 | -0.10 |
| Cash from operations | −$31.0m | −$16.0m | −$8.0m | −$10.0m | −$11.0m | −$13.0m | −$10.0m | −$13.0m |
| Total assets | $832.4m | $481.4m | $500.5m | $430.2m | $449.4m | $370.8m | $390.0m | $419.4m |
| Cash and short-term investments | $557.4m | $221.0m | $236.9m | $150.6m | $161.2m | $75.1m | $86.7m | $98.6m |
| Debt | $2.2m | $2.3m | $2.2m | $2.1m | $2.1m | $1.8m | $1.8m | $1.9m |
| Shareholders' equity | $801.4m | $420.0m | $443.7m | $371.0m | $388.9m | $341.8m | $348.0m | $380.8m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -252.7% | -106.5% | -184.3% | 132.0% | -643.1% | -158.7% |
| Net margin | -254.7% | -101.6% | -183.0% | 194.8% | -643.3% | -160.7% |
| Return on equity | -26.4% | -24.3% | -38.2% | 19.4% | -233.0% | 26.3% |
| Return on assets | -23.4% | -21.7% | -30.0% | 17.4% | -51.7% | -39.3% |
| Free cash flow yield | -2.2% | -3.3% | -2.4% | -3.1% | -4.8% | -16.2% |
| Revenue growth | -44.9% | 4.8% | 109.4% | 59.9% | 100.3% | 602.4% |
| Earnings growth | 38.2% | -41.8% | -296.8% | -148.4% | 701.7% | 9.8% |
| Current ratio | 4.99x | 5.69x | 4.25x | 6.98x | 27.16x | 7.37x |
| Debt to equity | 0.00x | 0.01x | 0.00x | 0.00x | 0.11x | -0.08x |
| Equity ratio | 88.6% | 89.2% | 78.4% | 89.6% | 22.2% | -149.3% |
| Interest coverage | -134.46x | -591.31x | — | 36.10x | -547.09x | -78.35x |
| R&D as a share of sales | 108.5% | 91.2% | 86.6% | 132.6% | 115.8% | 110.1% |
| Buybacks as a share of market value | -18.8% | -4.7% | -17.3% | -56.5% | -556.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.6% | 31.1% | — |
| Operating income | -11.0% | 35.9% | — |
| Net income | — | 43.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -136.2% | -169.4% | -179.0% | — |
| Net margin | -156.0% | -110.7% | -157.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -13.6 | -7.9 | -9.9 | 7.2 | -10.8 |
| Price to sales | 34.6 | 8.0 | 18.2 | 14.1 | 69.8 |
Market value over time
29 Jan 2021 to 30 Oct 2026, in USD
$213.0m$2.00bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 123% | -60% | 137% | -75% | 9% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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