P 
3.54
+17.22%
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
$5.2m
FY2019FY2025
Net income
$10.0m
FY2019FY2025
Free cash flow
−$28.4m
FY2019FY2025
Shareholders' equity
$74.7m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.2m | $7.8m | $6.1m | $14.6m | $5.1m | $8.8m | $10.2m |
| Gross profit | $2.6m | $4.3m | $1.1m | $3.0m | $1.2m | $3.2m | $4.4m |
| Research and development | $12.9m | $10.4m | $39.0m | $34.1m | $17.5m | $14.1m | $12.9m |
| Operating income | −$32.4m | −$26.9m | −$121.0m | −$177.0m | −$81.5m | −$21.0m | −$18.3m |
| Net income | $10.0m | −$72.6m | −$115.6m | −$157.1m | −$81.5m | −$20.9m | −$18.0m |
| Diluted earnings per share | 0.24 | -2.68 | -4.47 | -6.20 | -3.55 | -1.21 | -15.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $95.7m | $56.3m | $60.4m | $167.6m | $235.8m | $38.1m | $13.7m |
| Cash and short-term investments | $47.1m | $40.1m | $39.1m | $114.5m | $217.1m | $33.7m | $9.2m |
| Total liabilities | $21.0m | $65.8m | $19.5m | $23.2m | $21.9m | $5.1m | $2.2m |
| Debt | $927,000 | — | — | $3,000 | $7,000 | $2.4m | — |
| Shareholders' equity | $74.7m | −$9.5m | $40.9m | $144.4m | $214.0m | $32.9m | $11.5m |
| Shares outstanding | 42m | 27m | 26m | 25m | 23m | 17m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$27.6m | −$22.6m | −$76.6m | −$65.4m | −$42.1m | −$16.9m | −$16.0m |
| Capital spending | −$713,000 | −$265,000 | −$782,000 | −$1.5m | −$4.7m | −$950,000 | −$639,000 |
| Free cash flow | −$28.4m | −$22.9m | −$77.4m | −$66.9m | −$46.8m | −$17.8m | −$16.7m |
| Dividends paid | — | — | — | −$7.5m | −$2.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8m | $3.5m | $1.7m | $860,000 | $1.0m | $1.7m | $761,000 | $871,000 |
| Gross profit | $1.7m | $1.1m | $259,000 | $399,000 | $541,000 | $1.4m | $207,000 | $392,000 |
| Operating income | −$13.4m | −$11.9m | −$9.3m | −$8.1m | −$8.1m | −$6.9m | −$6.5m | −$7.3m |
| Net income | −$12.3m | −$12.6m | −$1.5m | −$3.7m | −$7.5m | $22.8m | −$53.0m | −$7.1m |
| Diluted earnings per share | -0.27 | -0.27 | -0.04 | -0.09 | -0.18 | 0.54 | -1.96 | -0.26 |
| Cash from operations | −$10.0m | −$10.0m | −$8.0m | −$6.0m | −$5.0m | −$7.0m | −$5.0m | −$4.0m |
| Total assets | $94.4m | $92.6m | $95.7m | $72.9m | $78.3m | $63.3m | $56.3m | $38.7m |
| Cash and short-term investments | $43.7m | $43.7m | $47.1m | $57.1m | $62.7m | $46.6m | $40.1m | $21.3m |
| Debt | $1.2m | $1.1m | $1.1m | $976,000 | $953,000 | $989,000 | $1.1m | $1.2m |
| Shareholders' equity | $70.8m | $69.9m | $74.7m | $51.8m | $53.8m | $28.3m | −$9.5m | $23.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -28.9% | -9.9% | — |
| Operating income | -43.2% | 9.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.6% | 32.3% | 32.2% | — |
| Operating margin | -455.2% | -1058.8% | -965.2% | — |
| Net margin | -480.2% | -993.6% | -918.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 18.0 | -4.6 | -0.2 | -0.5 | -16.9 |
| Price to sales | 34.4 | 42.6 | 3.0 | 5.8 | 270.8 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 19% | 431% | -82% | -93% | -4% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 6-to-1 reverse split · 6 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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