P 
58.17
+9.16%
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
$350,000
FY2016FY2025
Net income
−$72.8m
FY2016FY2025
Free cash flow
−$54.4m
FY2016FY2025
Shareholders' equity
$80.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $350,000 | — | −$9,000 | $700,000 | $1.4m | $114,000 | — | — | $247,000 | $68,000 |
| Gross profit | −$1.3m | −$1.2m | −$1.2m | −$11.2m | −$550,000 | −$1.1m | −$666,000 | −$665,000 | −$665,000 | −$665,000 |
| Research and development | $44.7m | $32.3m | $27.8m | $20.8m | $28.6m | $26.4m | $25.0m | $17.3m | $9.6m | $6.0m |
| Operating income | −$76.9m | −$56.3m | −$43.6m | −$58.1m | −$63.0m | −$50.0m | −$48.0m | −$38.0m | −$25.8m | −$9.6m |
| Net income | −$72.8m | −$53.6m | −$42.2m | −$59.0m | −$63.2m | −$49.7m | −$46.0m | −$37.5m | −$25.6m | −$9.5m |
| Diluted earnings per share | -1.08 | -0.92 | -0.77 | -1.58 | -2.13 | -1.96 | -2.22 | -2.13 | -1.54 | -0.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $96.1m | $132.5m | $59.2m | $77.9m | $54.2m | $41.3m | $41.9m | $70.6m | $49.8m | $26.3m |
| Cash and short-term investments | $80.7m | $118.0m | $44.4m | $61.1m | $28.6m | $20.5m | $25.4m | $59.6m | $38.1m | $16.4m |
| Total liabilities | $15.5m | $17.6m | $14.8m | $80.1m | $18.6m | $18.4m | $11.2m | $4.3m | $3.8m | $1.0m |
| Debt | $1.6m | — | — | $65.9m | $440,000 | — | — | — | — | — |
| Shareholders' equity | $80.7m | $114.9m | $44.4m | −$2.2m | $35.7m | $22.9m | $30.7m | $66.3m | $46.0m | $25.3m |
| Shares outstanding | 67m | 58m | 55m | 37m | 30m | 25m | 21m | 18m | 17m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$54.1m | −$36.3m | −$33.0m | −$47.0m | −$54.1m | −$35.4m | −$34.2m | −$23.9m | −$11.1m | −$8.1m |
| Capital spending | −$315,000 | −$125,000 | −$121,000 | −$401,000 | −$437,000 | −$441,000 | −$608,000 | −$276,000 | −$2.6m | −$64,000 |
| Free cash flow | −$54.4m | −$36.5m | −$33.2m | −$47.4m | −$54.5m | −$35.8m | −$34.8m | −$24.2m | −$13.6m | −$8.1m |
| Dividends paid | — | — | — | — | −$810,000 | — | −$619,000 | — | — | — |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Gross margin | -360.0% | — | 13411.1% | -1606.3% | -38.8% | -960.5% | -269.2% |
| Operating margin | -20794.6% | — | 456777.8% | -8293.9% | -4443.9% | -43828.9% | -10351.0% |
| Net margin | -20794.6% | — | 469000.0% | -8421.9% | -4454.2% | -43628.9% | -10351.0% |
| Return on equity | -90.2% | -46.7% | -95.2% | 2622.5% | -177.0% | -217.2% | — |
| Return on assets | -75.7% | -40.5% | -71.4% | -75.7% | -116.4% | -120.4% | — |
| Free cash flow yield | -1.5% | -1.2% | -1.1% | -2.4% | -3.5% | -2.6% | — |
| Revenue growth | — | — | -101.3% | -50.6% | 1143.9% | — | 263.2% |
| Earnings growth | 35.8% | 26.9% | -28.4% | -6.7% | 27.0% | 8.2% | — |
| Current ratio | 10.53x | 11.88x | 6.76x | 10.39x | 4.30x | 2.95x | — |
| Debt to equity | 0.02x | 0.01x | 0.02x | -29.72x | 0.03x | 0.02x | — |
| Equity ratio | 83.9% | 86.7% | 75.0% | -2.9% | 65.8% | 55.4% | — |
| Interest coverage | — | — | -37.37x | -129.59x | -97.54x | — | — |
| R&D as a share of sales | 12777.4% | — | -308855.6% | 2977.0% | 2019.7% | 23196.5% | 3905.3% |
| Buybacks as a share of market value | -15.4% | -6.1% | -47.9% | -25.6% | -16.9% | -22.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.6% | 25.2% | — |
| Operating income | 9.8% | 9.0% | 32.9% |
| Net income | 7.3% | 7.9% | 38.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.7 | -19.0 | -16.0 | -1.8 | -7.0 | -12.2 | -6.0 | -5.4 | -15.3 | -9.1 |
| Price to sales | — | — | -74878.9 | 147.3 | 309.5 | — | — | — | — | — |
Market value over time
30 Nov 2016 to 30 Oct 2026, in USD
$81.6m$3.62bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -19% | 44% | 359% | -83% | -30% | 69% | 33% | -57% | 322% | 32% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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