P 
0.80
-1.25%
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
—
FY2017FY2025
Net income
−$149.3m
FY2017FY2025
Free cash flow
−$128.7m
FY2017FY2025
Shareholders' equity
$181.2m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $1.6m | $9.7m | $7.6m | $41.8m | $57.1m | — | — |
| Gross profit | −$1.7m | −$2.1m | $1.6m | $9.7m | $7.6m | $41.8m | $57.1m | −$666,000 | — |
| Research and development | $109.2m | $169.3m | $127.8m | $96.9m | $77.5m | $66.2m | $47.4m | $24.4m | $14.5m |
| Operating income | −$150.1m | −$228.4m | −$184.1m | −$127.2m | −$20.0m | −$41.6m | −$1.2m | −$30.9m | −$18.3m |
| Net income | −$149.3m | −$210.3m | −$161.3m | −$123.3m | −$17.9m | −$39.7m | −$631,000 | −$30.3m | −$20.6m |
| Diluted earnings per share | -2.43 | -3.47 | -2.69 | -2.53 | -0.50 | -1.12 | -0.03 | -29.30 | -0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $225.2m | $396.9m | $512.2m | $350.6m | $221.2m | $295.5m | $119.1m | $66.5m | $6.6m |
| Cash and short-term investments | $190.9m | $355.7m | $494.2m | $331.2m | $200.6m | $276.9m | $102.8m | $60.9m | $4.3m |
| Total liabilities | $44.0m | $92.9m | $38.6m | $37.3m | $22.2m | $12.5m | $119.5m | $67.4m | $3.2m |
| Debt | $29.1m | $60.2m | $11.4m | $15.8m | $7.2m | $283,000 | $444,000 | $525,000 | — |
| Shareholders' equity | $181.2m | $304.1m | $473.6m | $313.3m | $199.1m | $283.1m | −$435,000 | −$882,000 | $3.3m |
| Shares outstanding | 61m | 61m | 60m | 49m | 36m | 36m | 22m | 1m | 62m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$128.3m | −$155.5m | −$116.4m | −$94.6m | −$75.4m | −$37.3m | −$2.8m | −$28.3m | −$16.9m |
| Capital spending | −$374,000 | −$3.8m | −$921,000 | −$1.8m | −$2.0m | −$1.5m | −$964,000 | −$2.3m | −$1.4m |
| Free cash flow | −$128.7m | −$159.4m | −$117.3m | −$96.4m | −$77.4m | −$38.8m | −$3.7m | −$30.7m | −$18.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $2.3m | — |
| Gross profit | — | −$264,000 | −$365,000 | — | −$447,000 | −$448,000 | $1.1m | −$532,000 |
| Operating income | −$23.9m | −$21.8m | −$23.6m | −$28.3m | −$45.6m | −$58.9m | −$53.3m | −$62.0m |
| Net income | −$22.4m | −$20.0m | −$23.6m | −$26.3m | −$43.3m | −$56.2m | −$49.7m | −$57.8m |
| Diluted earnings per share | -0.36 | -0.32 | -0.38 | -0.43 | -0.71 | -0.92 | -0.82 | -0.95 |
| Cash from operations | −$12.0m | −$19.0m | −$17.0m | −$21.0m | −$40.0m | −$48.0m | −$47.0m | −$32.0m |
| Total assets | $189.9m | $202.6m | $225.2m | $276.6m | $299.8m | $344.8m | $396.9m | $445.7m |
| Cash and short-term investments | $158.1m | $170.9m | $190.9m | $241.8m | $262.9m | $305.6m | $355.7m | $404.5m |
| Debt | $2.3m | $1.7m | $1.4m | $31.6m | $31.6m | $31.1m | $30.8m | $30.5m |
| Shareholders' equity | $146.9m | $165.2m | $181.2m | $200.3m | $220.1m | $257.2m | $304.1m | $345.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 5.7% | 29.2% | — |
| Net income | 6.6% | 30.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.6 | -1.1 | -1.2 | -4.3 | -3.2 |
| Price to sales | — | — | 108.5 | 15.4 | 10.2 | 3.0 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -45% | -15% | -13% | 21% | -39% | 19% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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