O 
6.85
+3.79%
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
$51.8m
FY2016FY2025
Net income
−$265.9m
FY2016FY2025
Free cash flow
−$216.9m
FY2016FY2025
Shareholders' equity
$654.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.8m | $63.7m | $58.4m | $51.5m | $43.5m | $17.4m | $4.2m | $2.0m | $1.9m | $1.9m |
| Research and development | $197.1m | $127.6m | $61.1m | $53.5m | $50.1m | $28.7m | $41.1m | $36.9m | $30.9m | $27.1m |
| Operating income | −$270.0m | −$171.8m | −$82.4m | −$78.7m | −$78.0m | −$62.8m | −$81.5m | −$59.1m | −$61.9m | −$43.3m |
| Net income | −$265.9m | −$193.5m | −$80.7m | −$71.0m | −$6.6m | −$155.6m | −$86.4m | −$57.7m | −$63.4m | −$44.7m |
| Diluted earnings per share | -1.19 | -1.15 | -0.74 | -0.86 | -0.08 | -2.20 | -1.78 | -1.40 | -2.14 | -1.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $808.1m | $457.9m | $252.1m | $149.3m | $204.9m | $261.9m | $78.7m | $73.0m | $55.4m | $74.9m |
| Cash and short-term investments | $737.1m | $392.1m | $195.8m | $102.3m | $164.2m | $228.1m | $54.4m | $54.1m | $41.5m | $68.1m |
| Total liabilities | $153.7m | $142.6m | $160.9m | $113.9m | $116.9m | $185.8m | $82.4m | $37.2m | $29.3m | $22.9m |
| Debt | $71.3m | $68.5m | $74.9m | $54.0m | $51.4m | $49.5m | $49.3m | $24.8m | $18.0m | $15.6m |
| Shareholders' equity | $654.3m | $315.3m | $91.1m | $35.4m | $88.0m | $76.1m | −$3.6m | $35.9m | $26.1m | $52.0m |
| Shares outstanding | 223m | 168m | 109m | 83m | 82m | 71m | 48m | 41m | 30m | 25m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$204.9m | −$134.7m | −$70.2m | −$59.6m | −$65.5m | −$53.6m | −$77.6m | −$49.2m | −$50.5m | −$34.0m |
| Capital spending | −$12.0m | −$1.3m | −$6.1m | −$3.7m | −$1.2m | −$841,000 | −$2.2m | −$1.9m | −$8.3m | −$1.9m |
| Free cash flow | −$216.9m | −$136.0m | −$76.3m | −$63.3m | −$66.7m | −$54.4m | −$79.8m | −$51.1m | −$58.7m | −$35.9m |
| Dividends paid | — | — | −$52.6m | — | −$710,000 | −$747,000 | −$37.3m | −$297,000 | −$4.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.5m | $10.8m | $13.3m | $14.5m | $13.5m | $10.7m | $17.1m | $15.4m |
| Operating income | −$82.1m | −$93.3m | −$69.8m | −$68.7m | −$67.6m | −$63.9m | −$50.6m | −$46.0m |
| Net income | −$78.8m | −$88.6m | −$64.7m | −$69.4m | −$67.8m | −$64.1m | −$48.4m | −$36.5m |
| Diluted earnings per share | -0.35 | -0.39 | -0.29 | -0.31 | -0.30 | -0.29 | -0.29 | -0.22 |
| Cash from operations | −$67.0m | −$65.0m | −$54.0m | −$50.0m | −$55.0m | −$44.0m | −$39.0m | −$36.0m |
| Capital spending | −$3.0m | −$4.0m | −$2.0m | −$5.0m | −$1.0m | −$1.0m | — | — |
| Free cash flow | −$70.0m | −$69.0m | −$56.0m | −$55.0m | −$56.0m | −$45.0m | — | — |
| Total assets | $671.3m | $732.5m | $808.1m | $410.9m | $451.3m | $405.9m | $457.9m | $490.4m |
| Cash and short-term investments | $598.6m | $666.7m | $737.1m | $344.8m | $391.1m | $349.7m | $392.1m | $427.2m |
| Debt | $75.9m | $75.2m | $74.2m | $73.4m | $72.5m | $71.4m | $70.4m | $69.5m |
| Shareholders' equity | $520.0m | $581.6m | $654.3m | $258.2m | $305.9m | $265.9m | $315.3m | $352.0m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -490.3% | -282.4% | -118.7% | -124.3% | 0.3% | -855.4% |
| Net margin | -513.2% | -303.7% | -138.1% | -138.0% | -15.1% | -894.3% |
| Return on equity | -40.6% | -61.4% | -88.6% | -200.8% | -7.4% | -204.5% |
| Return on assets | -32.9% | -42.3% | -32.0% | -47.6% | -3.2% | -59.4% |
| Free cash flow yield | -11.8% | -10.9% | -8.1% | -9.2% | -10.7% | -10.2% |
| Revenue growth | -18.7% | 9.0% | 13.5% | 18.3% | 150.1% | 311.7% |
| Earnings growth | 37.4% | 139.7% | 13.7% | 984.1% | -95.8% | 80.2% |
| Current ratio | 15.39x | 10.66x | 6.66x | 4.13x | 7.26x | 9.23x |
| Debt to equity | 0.11x | 0.22x | 0.84x | 1.57x | 0.60x | 0.67x |
| Equity ratio | 81.0% | 68.9% | 36.2% | 23.7% | 43.0% | 29.1% |
| Interest coverage | -21.47x | -13.25x | -6.12x | -9.12x | 0.02x | -22.00x |
| R&D as a share of sales | 380.3% | 200.3% | 104.5% | 103.8% | 115.1% | 164.9% |
| Buybacks as a share of market value | -32.7% | -54.4% | -31.4% | -0.5% | -16.7% | -45.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | 24.4% | 40.3% |
| Operating income | 50.9% | 33.9% | 21.6% |
| Net income | 55.3% | 11.3% | 20.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -382.4% | -267.4% | -259.7% | -344.7% |
| Net margin | -397.6% | -271.1% | -270.0% | -357.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.2 | -7.4 | -6.0 | -3.3 | -87.6 | -6.0 | -1.4 | -1.8 | -1.3 | -3.0 |
| Price to sales | 52.2 | 22.5 | 8.3 | 4.5 | 13.2 | 53.6 | 28.9 | 52.4 | 43.8 | 70.4 |
Market value over time
30 Nov 2016 to 29 Oct 2026, in USD
$232.3m$1.64bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 54% | 109% | 54% | -62% | -49% | 429% | -10% | -0% | -48% | 68% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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