P 
5.33
+1.52%
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
$175.1m
FY2018FY2025
Net income
−$221.2m
FY2018FY2025
Free cash flow
−$167.0m
FY2018FY2025
Shareholders' equity
−$438.2m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $175.1m | $55.3m | $682,000 | — | — | — | — | — |
| Gross profit | $152.5m | $47.3m | $515,000 | −$620,000 | −$521,000 | −$300,000 | −$8,000 | — |
| Research and development | $32.8m | $34.1m | $49.9m | $71.4m | $72.3m | $98.1m | $99.3m | $20,000 |
| Operating income | −$160.2m | −$277.5m | −$167.5m | −$172.6m | −$137.1m | −$125.6m | −$251.0m | −$1.2m |
| Net income | −$221.2m | −$334.3m | −$201.6m | −$197.7m | −$143.9m | −$129.1m | −$209.7m | −$1.3m |
| Diluted earnings per share | -3.00 | -4.71 | -3.93 | -4.79 | -3.81 | -3.79 | -6.46 | -0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $259.1m | $378.3m | $413.8m | $164.8m | $189.4m | $295.1m | $257.2m | $902,000 |
| Cash and short-term investments | $130.0m | $297.3m | $381.4m | $155.4m | $183.3m | $287.5m | $243.8m | $879,000 |
| Total liabilities | $697.3m | $631.9m | $486.6m | $239.6m | $117.3m | $100.8m | $29.2m | $2.2m |
| Debt | $209.7m | $554.4m | $444.8m | $204.8m | $89.7m | $47.0m | $22.8m | $2.0m |
| Shareholders' equity | −$438.2m | −$253.6m | −$72.8m | −$74.8m | $72.2m | $194.3m | $228.0m | −$1.3m |
| Shares outstanding | 74m | 71m | 51m | 41m | 38m | 34m | 32m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$166.8m | −$266.8m | −$137.6m | −$146.5m | −$148.5m | −$69.7m | −$36.5m | −$1.0m |
| Capital spending | −$229,000 | −$135,000 | −$1.6m | −$1.0m | −$328,000 | −$1.0m | −$25.3m | −$132,000 |
| Free cash flow | −$167.0m | −$266.9m | −$139.2m | −$147.6m | −$148.8m | −$70.7m | −$61.8m | −$1.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $74.3m | $58.3m | $57.6m | $49.5m | $39.5m | $28.5m | $29.7m | $16.4m |
| Gross profit | $59.2m | $46.3m | $49.9m | $43.3m | $34.5m | $24.8m | $25.8m | $14.0m |
| Operating income | −$4.0m | −$16.3m | −$5.9m | −$15.3m | −$60.1m | −$78.9m | −$59.4m | −$70.8m |
| Net income | −$17.6m | −$30.4m | −$21.1m | −$30.0m | −$75.8m | −$94.3m | −$74.5m | −$85.6m |
| Diluted earnings per share | -0.21 | -0.36 | -0.29 | -0.41 | -1.03 | -1.28 | -1.05 | -1.20 |
| Cash from operations | −$1.0m | −$15.0m | −$5.0m | −$14.0m | −$62.0m | −$84.0m | −$63.0m | −$63.0m |
| Total assets | $327.1m | $305.1m | $259.1m | $240.3m | $250.2m | $294.2m | $378.3m | $387.0m |
| Cash and short-term investments | $182.5m | $180.9m | $130.0m | $135.2m | $149.6m | $212.3m | $297.3m | $334.7m |
| Debt | $165.3m | $164.3m | $209.7m | $207.7m | $205.4m | $203.6m | $201.9m | $176.4m |
| Shareholders' equity | −$344.3m | −$337.0m | −$438.2m | −$422.5m | −$405.8m | −$338.4m | −$253.6m | −$187.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -2.4% | 5.0% | — |
| Net income | 3.8% | 11.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 86.7% | — | — | — |
| Operating margin | -190.0% | — | — | — |
| Net margin | -241.2% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -5.5 | -1.7 | -2.3 | -2.3 | -5.2 | -8.8 | -4.8 |
| Price to sales | 7.0 | 10.4 | — | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 104% | -9% | -15% | -46% | -48% | 58% | -5% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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