P 
4.73
+5.82%
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
$9.7m
FY2016FY2025
Net income
−$250.6m
FY2016FY2025
Free cash flow
−$89.8m
FY2016FY2025
Shareholders' equity
$20.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.7m | $3.9m | $6.2m | $26.9m | $14.3m | $32.0m | $32.0m | $160.6m | $231.0m | $190.9m |
| Research and development | $40.1m | $53.1m | $48.6m | $47.2m | $47.9m | $39.4m | $39.4m | $404.6m | $143.2m | $112.1m |
| Operating income | −$246.8m | −$135.0m | −$99.8m | −$73.3m | −$91.9m | −$86.3m | −$86.3m | −$505.6m | −$137.9m | −$125.2m |
| Net income | −$250.6m | −$126.2m | −$95.9m | $28.3m | −$92.2m | −$170.5m | −$170.5m | −$509.3m | −$117.0m | −$186.6m |
| Diluted earnings per share | -0.80 | -0.43 | -0.39 | 0.14 | -0.46 | -0.96 | -1.10 | -3.87 | -0.97 | -1.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $156.6m | $145.3m | $151.0m | $216.0m | $359.9m | $314.6m | $455.8m | $716.2m | $846.9m | $949.1m |
| Cash and short-term investments | $97.9m | $97.9m | $62.9m | $56.0m | $108.7m | $100.1m | $75.1m | $222.8m | $79.7m | $237.2m |
| Total liabilities | $135.7m | $106.8m | $32.5m | $89.7m | $252.5m | $247.4m | $384.1m | $337.5m | $300.3m | $379.8m |
| Debt | $94.3m | — | — | $43.2m | $179.9m | $171.9m | $219.9m | $212.2m | $8.3m | $8.8m |
| Shareholders' equity | $20.9m | $38.5m | $118.5m | $126.3m | $107.3m | $67.2m | $71.7m | $362.9m | $533.6m | $560.2m |
| Shares outstanding | 313m | 293m | 249m | 208m | 199m | 178m | 155m | 132m | 121m | 119m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$87.8m | −$68.2m | −$66.9m | −$65.0m | −$55.8m | −$77.0m | −$77.0m | −$124.2m | −$104.1m | −$56.0m |
| Capital spending | −$2.0m | −$8.6m | −$1.5m | −$4.9m | −$7.2m | −$7.5m | −$7.5m | −$41.6m | −$46.7m | −$31.6m |
| Free cash flow | −$89.8m | −$76.8m | −$68.5m | −$70.0m | −$63.0m | −$84.5m | −$84.5m | −$165.8m | −$150.8m | −$87.6m |
| Dividends paid | — | — | — | — | — | — | — | — | −$7.7m | −$42.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $55.0m | $23.3m | $4.6m | $2.9m | $856,000 | $1.3m | $1.2m | $953,000 |
| Operating income | $22.6m | −$5.7m | −$21.6m | −$34.5m | −$31.8m | −$22.6m | −$28.5m | −$21.3m |
| Net income | $20.1m | −$7.9m | −$23.5m | −$146.3m | −$26.6m | −$54.2m | −$19.7m | −$24.0m |
| Diluted earnings per share | 0.05 | -0.02 | -0.08 | -0.47 | -0.09 | -0.17 | -0.07 | -0.08 |
| Cash from operations | −$17.0m | −$43.0m | −$23.0m | −$29.0m | −$18.0m | −$16.0m | −$8.0m | −$22.0m |
| Capital spending | — | — | — | — | — | — | −$1.0m | — |
| Free cash flow | — | — | — | — | — | — | −$9.0m | — |
| Total assets | $170.3m | $138.6m | $156.6m | $171.3m | $101.9m | $128.8m | $145.3m | $83.5m |
| Cash and short-term investments | $38.2m | $56.2m | $97.9m | $121.1m | $59.8m | $80.2m | $97.9m | $28.6m |
| Debt | $94.9m | $94.6m | $94.3m | $94.0m | $930,000 | $928,000 | $956,000 | $988,000 |
| Shareholders' equity | $43.6m | $20.2m | $20.9m | $41.9m | −$36.8m | −$14.1m | $38.5m | $55.4m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -2548.2% | -3261.7% | -1540.5% | -272.0% | -640.7% | -267.3% |
| Net margin | -2588.2% | -3216.2% | -1540.6% | 105.2% | -646.0% | -533.0% |
| Return on equity | -1198.6% | -327.8% | -80.9% | 22.4% | -85.9% | -253.8% |
| Return on assets | -160.0% | -86.9% | -63.5% | 13.1% | -25.6% | -54.2% |
| Free cash flow yield | -4.0% | -2.9% | -3.8% | -4.2% | -3.5% | -5.6% |
| Revenue growth | 146.7% | -36.9% | -76.9% | 88.6% | -55.4% | 0.0% |
| Earnings growth | 98.6% | 31.6% | -438.7% | -130.7% | -46.0% | 0.0% |
| Current ratio | 3.09x | 4.76x | 2.99x | 1.50x | 4.52x | 3.54x |
| Debt to equity | 4.51x | 0.02x | 0.01x | 0.35x | 1.72x | 2.60x |
| Equity ratio | 13.4% | 26.5% | 78.5% | 58.5% | 29.8% | 21.4% |
| Interest coverage | -63.81x | -21337.00x | -204.90x | -10.80x | -4.87x | -4.65x |
| R&D as a share of sales | 413.7% | 1352.1% | 780.9% | 175.3% | 336.0% | 123.2% |
| Buybacks as a share of market value | -6.9% | -17.7% | -19.6% | -4.5% | -11.8% | -14.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -28.9% | -21.3% | -25.1% |
| Operating income | 49.9% | 23.4% | 5.3% |
| Net income | — | 8.0% | 11.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2805.5% | -1187.1% | -788.3% | -196.9% |
| Net margin | -2769.3% | -950.9% | -760.4% | -201.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.2 | -2.6 | -3.5 | 11.2 | -8.0 | -10.7 | -5.0 | -1.1 | -7.5 | -9.7 |
| Price to sales | 135.1 | 83.6 | 53.6 | 11.8 | 51.8 | 56.8 | 26.6 | 3.4 | 3.8 | 9.5 |
Market value over time
30 Nov 2016 to 30 Oct 2026, in USD
$3.44bn$2.87bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 487% | -39% | -21% | -62% | -60% | 74% | 28% | -41% | -56% | -7% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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