P 
2.06
+23.35%
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
$8.4m
FY2018FY2025
Net income
−$182.6m
FY2018FY2025
Free cash flow
−$183.6m
FY2018FY2025
Shareholders' equity
$45.9m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.4m | — | — | — | — | — | — | — |
| Gross profit | −$134.6m | −$34.7m | −$18.9m | −$26.6m | −$10.6m | −$8.6m | −$6.0m | −$1.2m |
| Research and development | $5.9m | $3.4m | $6.6m | $1.1m | $1.4m | $648,000 | $526,127 | $786,233 |
| Operating income | −$123.0m | −$232.4m | −$113.9m | −$81.3m | −$70.8m | −$48.9m | −$18.3m | −$4.1m |
| Net income | −$182.6m | −$289.1m | −$101.7m | −$84.7m | −$77.5m | −$53.0m | −$20.0m | −$4.1m |
| Diluted earnings per share | -1.01 | -1.76 | -0.62 | -0.53 | -0.66 | -5.24 | -0.26 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $922.7m | $798.4m | $1.04bn | $861.3m | $664.7m | $408.0m | $33.3m | $25.7m |
| Cash and short-term investments | $170.3m | $15.7m | $121.6m | $162.5m | $200.8m | $64.5m | $150,050 | $100,814 |
| Total liabilities | $876.8m | $617.9m | $619.1m | $350.5m | $283.1m | $296.2m | $30.9m | $19.5m |
| Debt | $366.8m | $346.6m | $516.6m | $233.5m | $232.5m | — | $200,000 | $14.6m |
| Shareholders' equity | $45.9m | $180.4m | $420.2m | $510.9m | $381.5m | $111.7m | $2.4m | $6.2m |
| Shares outstanding | 180m | 164m | 164m | 160m | 118m | 10m | 76m | 118m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$142.7m | −$144.8m | −$94.9m | −$65.5m | −$54.5m | −$18.0m | −$6.3m | −$5.4m |
| Capital spending | −$40.8m | −$55.6m | −$153.9m | −$287.2m | −$137.4m | −$29.8m | −$6.0m | −$11.1m |
| Free cash flow | −$183.6m | −$200.4m | −$248.8m | −$352.7m | −$191.9m | −$47.8m | −$12.3m | −$16.5m |
| Dividends paid | −$11.3m | — | — | — | −$287,000 | — | −$199,981 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5m | $4.1m | $2.7m | $2.4m | $1.6m | $1.6m | — | — |
| Gross profit | −$31.0m | −$28.1m | −$49.4m | −$27.9m | −$35.6m | −$21.7m | −$21.9m | −$17.0m |
| Operating income | −$41.3m | −$41.8m | −$44.1m | −$38.9m | −$45.6m | $23.9m | −$50.2m | −$76.1m |
| Net income | −$142.2m | −$33.4m | −$18.8m | −$28.4m | −$144.2m | $8.8m | −$64.7m | −$90.6m |
| Diluted earnings per share | -0.77 | -0.18 | -0.10 | -0.16 | -0.80 | 0.05 | -0.39 | -0.55 |
| Cash from operations | −$50.0m | −$42.0m | −$28.0m | −$38.0m | −$36.0m | −$38.0m | −$31.0m | −$33.0m |
| Capital spending | −$31.0m | −$3.0m | −$13.0m | −$3.0m | −$8.0m | −$15.0m | −$21.0m | −$9.0m |
| Free cash flow | −$81.0m | −$45.0m | −$41.0m | −$41.0m | −$44.0m | −$53.0m | −$52.0m | −$42.0m |
| Total assets | $1.00bn | $886.0m | $922.7m | $989.1m | $1.04bn | $787.3m | $798.4m | $788.8m |
| Cash and short-term investments | $227.5m | $121.6m | $170.3m | $237.9m | $284.1m | $22.5m | $15.7m | $83.7m |
| Debt | $434.1m | $364.3m | $366.8m | $379.1m | $379.3m | $363.4m | $346.6m | $341.3m |
| Shareholders' equity | $15.5m | $7.4m | $45.9m | $68.2m | $98.9m | $238.2m | $180.4m | $241.4m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -1611.3% | — | — | — | — | — |
| Operating margin | -1402.1% | — | — | — | — | — |
| Net margin | -2185.1% | — | — | — | — | — |
| Return on equity | -397.9% | -160.2% | -24.2% | -16.6% | -20.3% | -47.4% |
| Return on assets | -19.8% | -36.2% | -9.8% | -9.8% | -11.7% | -13.0% |
| Free cash flow yield | -16.8% | -16.2% | 10.7% | 41.3% | 20.9% | 34.9% |
| Earnings growth | -36.9% | 184.3% | 20.0% | 9.3% | 46.3% | 165.0% |
| Current ratio | 2.26x | 0.59x | 2.92x | 6.17x | 8.98x | 1.96x |
| Debt to equity | 7.99x | 1.94x | 1.23x | 0.46x | 0.62x | 2.35x |
| Equity ratio | 5.0% | 22.6% | 40.4% | 59.3% | 57.4% | 27.4% |
| Interest coverage | -1.82x | -4.09x | -2.22x | -36.65x | -10.65x | -6.15x |
| R&D as a share of sales | 70.9% | — | — | — | — | — |
| Buybacks as a share of market value | -10.0% | 0.0% | -2.7% | -35.1% | -1069.8% | 86.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 14.8% | 20.3% | — |
| Net income | 29.2% | 28.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -8.5 | -5.8 | -6.5 | -7.2 | -8.2 | -1.1 |
| Price to sales | 185.5 | — | — | — | — | — |
Market value over time
10 Jun 2020 to 30 Oct 2026, in USD
$270.0m$619.0m
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -17% | 202% | 3% | -31% | -4% | 49% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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