Q 
1.37
+3.01%
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
$2.4m
FY2019FY2025
Net income
−$101.3m
FY2019FY2025
Free cash flow
−$97.2m
FY2019FY2025
Shareholders' equity
$220.2m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.4m | $3.1m | $1.1m | $459,000 | — | — | — |
| Gross profit | $1.2m | $1.6m | $488,000 | −$2.6m | −$1.0m | −$894,000 | — |
| Research and development | $53.8m | $59.6m | $67.0m | $72.1m | $46.6m | $27.6m | $28.1m |
| Operating income | −$97.4m | −$108.6m | −$111.2m | −$114.4m | −$96.9m | −$36.7m | −$36.6m |
| Net income | −$101.3m | −$101.0m | −$96.0m | −$132.4m | −$95.0m | −$36.6m | −$35.8m |
| Diluted earnings per share | -0.51 | -0.69 | -0.68 | -0.95 | -0.69 | -0.27 | -7.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $245.6m | $247.9m | $298.3m | $391.5m | $503.2m | $40.6m | $37.4m |
| Cash and short-term investments | $162.9m | $209.6m | $257.7m | $351.3m | $471.3m | $36.9m | $32.9m |
| Total liabilities | $25.4m | $32.5m | $26.6m | $32.8m | $26.2m | $4.5m | $1.9m |
| Debt | $1.8m | — | — | — | — | — | — |
| Shareholders' equity | $220.2m | $215.4m | $271.6m | $358.7m | $477.0m | $36.1m | $35.5m |
| Shares outstanding | 198m | 146m | 142m | 140m | 137m | 136m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$94.7m | −$87.8m | −$94.0m | −$90.6m | −$66.8m | −$32.6m | −$30.7m |
| Capital spending | −$2.5m | −$4.6m | −$5.3m | −$10.7m | −$5.8m | −$461,000 | −$1.2m |
| Free cash flow | −$97.2m | −$92.4m | −$99.3m | −$101.3m | −$72.6m | −$33.0m | −$31.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $344,000 | $258,000 | $451,000 | $552,000 | $591,000 | $842,000 | $1.2m | $787,000 |
| Gross profit | $172,000 | $74,000 | $122,000 | $194,000 | $351,000 | $486,000 | $610,000 | $367,000 |
| Operating income | −$25.6m | −$24.1m | −$21.1m | −$24.4m | −$26.8m | −$25.1m | −$30.7m | −$28.1m |
| Net income | −$23.5m | −$21.7m | −$17.6m | −$35.7m | −$28.8m | −$19.2m | −$33.1m | −$25.3m |
| Diluted earnings per share | -0.11 | -0.10 | -0.09 | -0.18 | -0.15 | -0.10 | -0.23 | -0.17 |
| Cash from operations | −$18.0m | −$25.0m | −$16.0m | −$32.0m | −$20.0m | −$26.0m | −$22.0m | −$23.0m |
| Capital spending | — | — | — | — | — | −$1.0m | −$1.0m | — |
| Free cash flow | — | — | — | — | — | −$27.0m | −$23.0m | — |
| Total assets | $193.6m | $213.3m | $245.6m | $260.1m | $254.4m | $271.2m | $247.9m | $236.5m |
| Cash and short-term investments | $111.7m | $127.3m | $162.9m | $225.8m | $214.2m | $232.6m | $209.6m | $196.3m |
| Debt | $1.8m | $1.8m | $1.8m | $1.8m | $1.8m | $1.9m | $3.7m | $3.6m |
| Shareholders' equity | $180.2m | $200.7m | $220.2m | $235.2m | $221.0m | $246.9m | $215.4m | $210.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 74.4% | — | — |
| Operating income | -5.2% | 21.6% | — |
| Net income | -8.5% | 22.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 50.1% | 9.3% | — | — |
| Operating margin | -3748.4% | -6133.1% | — | — |
| Net margin | -3683.0% | -6122.9% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -2.1 | -3.9 | -3.0 | -1.9 | -11.4 | -37.8 |
| Price to sales | 89.3 | 129.2 | 263.0 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -5% | -32% | 1% | -70% | -37% | 2% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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