P 
8.78
+10.16%
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
$9.7m
FY2016FY2025
Net income
−$244.1m
FY2016FY2025
Free cash flow
−$163.7m
FY2016FY2025
Shareholders' equity
$280.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.7m | $135.2m | $91.4m | $53.9m | $200.6m | $853,000 | $814,000 | $955,000 | $27.5m | $1.1m |
| Research and development | $134.9m | $222.5m | $220.6m | $135.6m | $82.3m | $74.9m | $50.8m | $101.2m | $134.5m | $119.5m |
| Operating income | −$184.6m | −$154.6m | −$191.0m | −$131.6m | $72.0m | −$112.7m | −$85.7m | −$158.9m | −$157.5m | −$159.5m |
| Net income | −$244.1m | −$122.3m | −$147.0m | −$116.9m | $67.0m | −$111.1m | −$77.7m | −$155.6m | −$153.2m | −$160.1m |
| Diluted earnings per share | -4.53 | -2.27 | -2.74 | -2.17 | 1.44 | -2.78 | -1.95 | -3.90 | -3.98 | -4.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $326.8m | $547.1m | $696.4m | $758.0m | $609.4m | $333.0m | $419.3m | $498.8m | $496.3m | $460.0m |
| Cash and short-term investments | $307.5m | $471.4m | $618.8m | $710.4m | $579.1m | $295.4m | $375.7m | $427.7m | $417.6m | $386.9m |
| Total liabilities | $46.3m | $60.2m | $135.0m | $136.0m | $143.3m | $149.0m | $146.3m | $175.8m | $89.1m | $94.6m |
| Debt | — | — | — | — | — | — | — | $51.5m | $52.2m | — |
| Shareholders' equity | $280.5m | $486.9m | $561.4m | $622.0m | $466.0m | $184.0m | $272.9m | $323.0m | $407.2m | $365.4m |
| Shares outstanding | 54m | 54m | 54m | 54m | 47m | 40m | 40m | 40m | 38m | 35m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$163.6m | −$150.1m | −$133.9m | −$108.8m | $92.6m | −$80.4m | −$53.0m | −$28.3m | −$131.2m | −$117.3m |
| Capital spending | −$138,000 | −$298,000 | −$2.8m | −$464,000 | −$575,000 | −$196,000 | −$555,000 | −$1.8m | −$3.6m | −$16.6m |
| Free cash flow | −$163.7m | −$150.3m | −$136.7m | −$109.3m | $92.0m | −$80.6m | −$53.5m | −$30.0m | −$134.8m | −$133.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0m | $51.1m | $21,000 | $2.4m | $4.4m | $2.8m | $2.1m | $970,000 |
| Operating income | −$21.1m | $25.8m | −$27.2m | −$40.2m | −$84.6m | −$65.6m | −$64.9m | −$66.5m |
| Net income | −$18.6m | $32.7m | −$21.6m | −$36.5m | −$125.8m | −$60.2m | −$58.0m | −$59.0m |
| Diluted earnings per share | -0.36 | 0.63 | -0.40 | -0.68 | -2.34 | -1.12 | -1.08 | -1.10 |
| Cash from operations | −$25.0m | $28.0m | −$23.0m | −$40.0m | −$46.0m | −$53.0m | −$47.0m | −$45.0m |
| Total assets | $302.6m | $349.9m | $326.8m | $352.6m | $399.1m | $495.3m | $547.1m | $595.3m |
| Cash and short-term investments | $288.2m | $329.5m | $307.5m | $330.8m | $371.4m | $417.9m | $471.4m | $519.3m |
| Debt | $3.0m | $2.9m | $2.9m | $2.9m | $2.9m | $2.6m | $2.6m | $2.6m |
| Shareholders' equity | $286.9m | $312.6m | $280.5m | $295.0m | $324.3m | $437.7m | $486.9m | $534.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -43.6% | 62.6% | 19.7% |
| Operating income | 11.9% | 10.4% | 8.7% |
| Net income | 27.8% | 17.0% | 11.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -234.1% | -228.1% | -142.9% | -256.7% |
| Net margin | -253.0% | -217.3% | -137.2% | -248.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.1 | -6.1 | -13.3 | -27.8 | 34.4 | -4.3 | -8.1 | -2.6 | -2.9 | -3.3 |
| Price to sales | 53.1 | 5.5 | 21.4 | 60.3 | 11.5 | — | — | 429.9 | 16.4 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -22% | -68% | -34% | 22% | 256% | -18% | 69% | -17% | -30% | -17% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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