N 
6.27
+17.64%
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
—
FY2017FY2025
Net income
−$55.8m
FY2017FY2025
Free cash flow
−$49.6m
FY2017FY2025
Shareholders' equity
$34.9m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $22.4m | $6.3m | — | — |
| Gross profit | −$2.2m | −$2.9m | −$3.7m | −$4.5m | −$4.3m | $22.4m | −$27.9m | −$1.7m | −$582,000 |
| Research and development | $44.9m | $41.5m | $47.9m | $54.2m | $50.2m | $46.6m | $34.2m | $19.8m | $13.0m |
| Operating income | −$57.6m | −$59.7m | −$67.6m | −$75.9m | −$70.8m | −$41.2m | −$37.5m | −$23.2m | −$15.5m |
| Net income | −$55.8m | −$55.7m | −$62.7m | −$69.4m | −$69.4m | −$33.2m | −$33.7m | −$22.8m | −$15.5m |
| Diluted earnings per share | -15.93 | -23.85 | -26.97 | -30.00 | -30.12 | -14.45 | -14.72 | -2.27 | -2.91 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $50.2m | $80.9m | $128.0m | $184.2m | $242.4m | $306.6m | $356.2m | $147.6m | $19.5m |
| Cash and short-term investments | $41.8m | $68.6m | $108.3m | $159.9m | $219.6m | $283.4m | $334.6m | $135.2m | $8.4m |
| Total liabilities | $15.2m | $15.4m | $13.6m | $16.6m | $9.0m | $12.9m | $34.7m | $194.6m | $43.9m |
| Debt | $5.2m | $5.9m | $6.6m | $7.1m | — | $3.5m | $5.1m | $587,000 | $964,000 |
| Shareholders' equity | $34.9m | $65.5m | $114.4m | $167.5m | $233.4m | $293.7m | $321.5m | −$46.9m | −$24.4m |
| Shares outstanding | 4m | 2m | 2m | 2m | 2m | 2m | 2m | 10m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$49.6m | −$40.8m | −$53.0m | −$53.9m | −$57.2m | −$45.0m | −$35.6m | $8.0m | −$12.5m |
| Capital spending | — | −$474,000 | −$820,000 | −$2.1m | −$2.4m | −$7.1m | −$3.4m | −$3.1m | −$8.7m |
| Free cash flow | −$49.6m | −$41.3m | −$53.8m | −$56.0m | −$59.6m | −$52.1m | −$39.0m | $4.9m | −$21.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $3.3m | — |
| Gross profit | — | −$283,000 | −$365,000 | — | −$633,000 | −$654,000 | $1.6m | −$700,000 |
| Operating income | −$15.1m | −$10.1m | −$9.8m | −$8.9m | −$27.3m | −$11.6m | −$12.5m | −$12.5m |
| Net income | −$14.9m | −$9.8m | −$9.4m | −$8.6m | −$26.8m | −$11.0m | −$11.6m | −$11.5m |
| Diluted earnings per share | -2.80 | -1.84 | -2.69 | -2.46 | -7.65 | -3.13 | -4.97 | -4.94 |
| Cash from operations | −$9.0m | −$13.0m | −$7.0m | −$6.0m | −$22.0m | −$12.0m | −$6.0m | −$11.0m |
| Total assets | $22.6m | $38.0m | $50.2m | $39.6m | $47.7m | $67.1m | $80.9m | $90.3m |
| Cash and short-term investments | $20.1m | $29.7m | $41.8m | $29.1m | $35.3m | $55.9m | $68.6m | $75.3m |
| Debt | $684,000 | $1.0m | $1.0m | $334,000 | $639,000 | $929,000 | $796,000 | $284,000 |
| Shareholders' equity | $12.1m | $26.7m | $34.9m | $23.6m | $31.6m | $55.9m | $65.5m | $75.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -8.8% | 6.9% | — |
| Net income | -7.0% | 11.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.2 | -0.3 | -0.3 | -1.3 | -4.9 | -11.4 |
| Price to sales | — | — | — | — | — | 7.3 | 60.6 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 0% | -24% | -9% | -77% | -45% | -61% | 525% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 12-to-1 reverse split · 14 Jul 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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