P 
1.15
+0.88%
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
$893,000
FY2019FY2025
Net income
−$69.0m
FY2019FY2025
Free cash flow
−$135.3m
FY2019FY2025
Shareholders' equity
−$1.01bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $893,000 | $76,000 | — | — | — | — | — |
| Gross profit | $893,000 | $76,000 | −$3.2m | −$3.0m | −$2.0m | — | — |
| Research and development | $114.1m | $127.7m | $106.7m | $82.1m | $46.3m | $21.0m | $75.2m |
| Operating income | −$165.0m | −$183.7m | −$151.5m | −$153.0m | −$55.1m | −$27.0m | −$79.4m |
| Net income | −$69.0m | −$61.2m | −$35.5m | −$108.0m | −$55.1m | −$26.7m | −$79.6m |
| Diluted earnings per share | -0.49 | -0.48 | -0.59 | -1.76 | -1.73 | -0.23 | -1.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $335.6m | $441.1m | $420.6m | $518.0m | $40.3m | $16.7m | $19.6m |
| Cash and short-term investments | $270.0m | $358.3m | $362.9m | $490.3m | $20.6m | $4.6m | $15.2m |
| Total liabilities | $34.8m | $39.4m | $29.2m | $13.1m | $13.4m | $6.8m | $3.7m |
| Debt | $1.1m | $103,000 | $156,000 | $100,000 | $100,000 | $100,000 | $102,000 |
| Shareholders' equity | −$1.01bn | −$995.0m | −$1.10bn | −$1.10bn | $26.9m | $9.9m | $15.9m |
| Shares outstanding | 140m | 128m | 60m | 62m | 32m | 115m | 79m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$120.1m | −$126.4m | −$90.1m | −$77.1m | −$50.3m | −$25.2m | −$76,806 |
| Capital spending | −$15.2m | −$29.5m | −$34.2m | −$1.8m | −$5.2m | −$5.5m | −$1,305 |
| Free cash flow | −$135.3m | −$155.9m | −$124.3m | −$78.9m | −$55.5m | −$30.6m | −$78,111 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $150,000 | $226,000 | $225,000 | $217,000 | $221,000 | $230,000 | $76,000 | — |
| Gross profit | $150,000 | −$1.2m | −$1.2m | $217,000 | $221,000 | $230,000 | $76,000 | −$1.2m |
| Operating income | −$48.4m | −$44.9m | −$45.4m | −$38.5m | −$39.7m | −$41.4m | −$51.6m | −$49.0m |
| Net income | −$28.4m | −$22.6m | −$19.2m | −$16.5m | −$16.6m | −$16.7m | −$21.3m | −$17.9m |
| Diluted earnings per share | -0.15 | -0.12 | -0.14 | -0.12 | -0.12 | -0.12 | -0.17 | -0.14 |
| Cash from operations | −$40.0m | −$41.0m | −$32.0m | −$26.0m | −$31.0m | −$29.0m | −$24.0m | −$29.0m |
| Capital spending | −$3.0m | −$3.0m | −$5.0m | −$5.0m | −$3.0m | −$1.0m | −$25.0m | −$2.0m |
| Free cash flow | −$43.0m | −$44.0m | −$37.0m | −$31.0m | −$34.0m | −$30.0m | −$49.0m | −$31.0m |
| Total assets | $249.0m | $292.8m | $335.6m | $351.6m | $372.1m | $406.1m | $441.1m | $474.8m |
| Cash and short-term investments | $181.6m | $224.9m | $270.0m | $271.7m | $294.7m | $328.5m | $358.3m | $406.8m |
| Debt | $1.1m | $1.1m | $1.1m | $991,000 | $903,000 | $857,000 | $765,000 | $1.1m |
| Shareholders' equity | $222.8m | −$1.02bn | −$1.01bn | −$1.01bn | −$1.00bn | −$998.6m | −$995.0m | −$979.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 2.5% | 43.6% | — |
| Net income | -13.9% | 20.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | — | — | — |
| Operating margin | -35983.8% | — | — | — |
| Net margin | -13433.6% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -4.6 | -3.5 | -3.0 | -3.9 | -5.7 |
| Price to sales | 352.3 | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 61% | -16% | -78% | -16% | -2% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 12 Jul 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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