O 
104.56
+1.65%
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.
Net income
−$105.4m
FY2016FY2025
Free cash flow
−$88.4m
FY2016FY2025
Shareholders' equity
$471.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$83,000 | −$27,000 | −$111,000 | −$114,000 | −$91,000 | −$93,000 | −$89,000 | −$22,000 | −$27,000 | −$24,000 |
| Research and development | $100.6m | $75.1m | $1.0m | $4.5m | $13.8m | $5.0m | $1.8m | $4.2m | $14.1m | $12.3m |
| Operating income | −$122.1m | −$88.1m | −$7.3m | −$9.8m | −$19.3m | −$9.8m | −$5.8m | −$8.1m | −$18.7m | −$16.6m |
| Net income | −$105.4m | −$83.7m | −$5.3m | −$9.9m | −$19.3m | −$9.7m | −$5.5m | −$7.9m | −$18.5m | −$16.4m |
| Diluted earnings per share | -1.94 | -4.99 | -0.37 | -8.27 | -16.09 | -12.24 | -41.28 | -122.99 | -339.27 | -391.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $488.6m | $396.0m | $37.9m | $43.1m | $54.9m | $50.4m | $8.5m | $6.8m | $12.4m | $24.6m |
| Cash and short-term investments | $337.0m | $375.6m | $37.4m | $42.4m | $53.4m | $49.1m | $8.4m | $6.6m | $11.8m | $21.2m |
| Total liabilities | $16.7m | $13.8m | $841,000 | $1.4m | $3.9m | $3.9m | $926,000 | $793,000 | $2.1m | $2.4m |
| Debt | $619,000 | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $471.9m | $382.2m | $37.0m | $41.7m | $51.0m | $46.5m | $7.6m | $6.0m | $10.3m | $22.2m |
| Shares outstanding | 54m | 17m | 14m | 1m | 1m | 1m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$88.2m | −$57.8m | −$5.0m | −$10.9m | −$18.8m | −$7.7m | −$4.8m | −$8.2m | −$17.5m | −$15.0m |
| Capital spending | −$209,000 | −$189,000 | — | −$2,000 | −$43,000 | −$19,000 | −$4,000 | −$3,999 | −$3,000 | −$12,000 |
| Free cash flow | −$88.4m | −$58.0m | −$5.0m | −$10.9m | −$18.8m | −$7.7m | −$4.8m | −$8.2m | −$17.5m | −$15.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | −$43,000 | −$43,000 | −$28,000 | — | −$19,000 | −$16,000 | −$16,000 | $20,000 |
| Operating income | −$50.1m | −$36.4m | −$34.4m | −$34.1m | −$28.4m | −$25.1m | −$38.3m | −$29.4m |
| Net income | −$41.2m | −$31.8m | −$29.6m | −$30.3m | −$24.6m | −$21.0m | −$33.4m | −$28.6m |
| Diluted earnings per share | -0.66 | -0.51 | -0.54 | -0.56 | -0.45 | -0.39 | -1.99 | -1.70 |
| Cash from operations | −$33.0m | −$23.0m | −$22.0m | −$21.0m | −$23.0m | −$20.0m | −$18.0m | −$34.0m |
| Total assets | $1.14bn | $504.5m | $488.6m | $509.3m | $357.4m | $377.1m | $396.0m | $414.1m |
| Cash and short-term investments | $873.6m | $388.8m | $337.0m | $349.2m | $328.4m | $349.1m | $375.6m | $410.9m |
| Debt | $669,000 | $680,000 | $619,000 | $419,000 | $660,000 | $283,000 | $213,000 | $146,000 |
| Shareholders' equity | $1.11bn | $486.7m | $471.9m | $486.8m | $343.6m | $364.7m | $382.2m | $342.4m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2012 | FY2011 | FY2010 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — | — | — | 95.0% | 18.2% | -10501.5% |
| Operating margin | — | — | — | — | — | — | — | — | — | — | -26.0% | -3399.9% | -12905.3% |
| Net margin | — | — | — | — | — | — | — | — | — | — | -26.2% | -3415.0% | -13139.6% |
| Return on equity | -22.3% | -21.9% | -14.4% | -23.8% | -37.9% | -20.9% | — | — | — | — | — | — | — |
| Return on assets | -21.6% | -21.1% | -14.1% | -23.0% | -35.2% | -19.3% | — | — | — | — | — | — | — |
| Free cash flow yield | -1.7% | -3.5% | — | -9.4% | -16.1% | -10.0% | -37.3% | — | — | — | — | — | — |
| Revenue growth | — | — | — | — | — | — | — | — | — | — | 1105.3% | 613.4% | — |
| Earnings growth | 25.9% | 1468.2% | -46.2% | -48.6% | 98.4% | 77.6% | — | — | — | — | — | — | — |
| Current ratio | 22.37x | 28.89x | 59.01x | 37.72x | 15.56x | 14.28x | — | — | — | — | — | — | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | — | — | — | — | — | — | — |
| Equity ratio | 96.6% | 96.5% | 97.8% | 96.7% | 92.9% | 92.3% | — | — | — | — | — | — | — |
| Interest coverage | — | -56.03x | — | — | — | -1082.00x | -806.00x | -1439.00x | -1071.80x | -1051.50x | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | — | — | — | 91.0% | 2298.6% | — |
| Buybacks as a share of market value | -224.1% | -16.5% | -1100.5% | 0.0% | -50.9% | -499.2% | — | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 131.5% | 65.7% | 26.7% |
| Net income | 119.8% | 61.0% | 24.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.6 | -3.9 | -55.1 | -3.4 | -1.6 | -3.9 | -1.7 | -0.6 | -0.6 | -1.0 |
Market value over time
30 Nov 2016 to 30 Oct 2026, in USD
$507.6m$6.09bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 32% | 0% | -26% | 3% | -45% | -26% | -6% | -62% | -46% | -44% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Aug 2024.
| FY2024 | |
|---|---|
| Paid in the year | 19.356 |
- 12-to-1 reverse split · 3 Sept 2024
- 18-to-1 reverse split · 4 Apr 2019
- 7-to-1 reverse split · 4 Sept 2015
- 6-to-1 reverse split · 5 Mar 2013
- 20-to-1 reverse split · 28 Jan 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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