Q 
3.38
+16.55%
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
$138.7m
FY2016FY2025
Net income
−$107.2m
FY2016FY2025
Free cash flow
−$79.8m
FY2016FY2025
Shareholders' equity
$295.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $138.7m | $135.4m | $121.1m | $105.5m | $110.6m | $86.4m | $56.7m | $37.6m | $22.9m | $17.6m |
| Gross profit | $64.7m | $81.1m | $73.0m | $45.4m | $61.7m | $48.2m | $26.8m | $18.0m | $10.0m | $7.7m |
| Research and development | $35.9m | $31.1m | $26.1m | $26.8m | $28.0m | $20.2m | $16.2m | $15.3m | $16.3m | $17.0m |
| Operating income | −$109.8m | −$52.6m | −$46.0m | −$104.3m | −$58.6m | −$31.6m | −$41.6m | −$31.6m | −$26.1m | −$21.9m |
| Net income | −$107.2m | −$38.5m | −$28.4m | −$99.6m | −$57.7m | −$31.5m | −$40.8m | −$31.0m | −$27.0m | −$23.2m |
| Diluted earnings per share | -2.29 | -1.00 | -0.75 | -2.68 | -1.57 | -0.99 | -1.45 | -1.39 | -1.24 | -1.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $418.8m | $406.5m | $428.6m | $433.6m | $506.5m | $271.0m | $170.0m | $67.6m | $91.8m | $37.1m |
| Cash and short-term investments | $118.2m | $289.1m | $321.3m | $338.7m | $396.5m | $181.6m | $109.2m | $45.4m | $79.7m | $29.7m |
| Total liabilities | $123.0m | $76.5m | $78.6m | $75.7m | $65.6m | $64.9m | $41.3m | $26.1m | $25.9m | $23.6m |
| Debt | — | — | — | — | — | $7.7m | $7.7m | $7.6m | $9.4m | $13.0m |
| Shareholders' equity | $295.7m | $330.0m | $350.0m | $357.9m | $441.0m | $206.1m | $128.7m | $41.6m | $65.9m | $13.5m |
| Shares outstanding | 47m | 39m | 38m | 37m | 37m | 32m | 28m | 22m | 22m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$77.2m | −$35.2m | −$18.9m | −$48.3m | −$47.9m | −$23.4m | −$26.2m | −$28.7m | −$22.1m | −$17.7m |
| Capital spending | −$2.6m | −$3.4m | −$3.8m | −$11.7m | −$13.6m | −$3.9m | −$10.8m | −$1.5m | −$1.1m | −$526,000 |
| Free cash flow | −$79.8m | −$38.5m | −$22.7m | −$60.0m | −$61.5m | −$27.3m | −$37.0m | −$30.2m | −$23.2m | −$18.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.9m | $36.4m | $43.9m | $40.1m | $24.5m | $30.3m | $34.1m | $35.4m |
| Gross profit | $12.7m | $15.6m | $20.0m | $17.1m | $11.3m | $16.4m | $21.1m | $19.8m |
| Operating income | −$49.4m | −$21.5m | −$23.9m | −$37.3m | −$37.1m | −$26.4m | −$14.8m | −$11.7m |
| Net income | −$48.9m | −$17.5m | −$23.1m | −$33.5m | −$30.0m | −$20.5m | −$11.6m | −$8.4m |
| Diluted earnings per share | -1.04 | -0.37 | -0.49 | -0.72 | -0.64 | -0.44 | -0.30 | -0.22 |
| Cash from operations | $2.0m | −$18.0m | −$16.0m | −$41.0m | −$5.0m | −$13.0m | −$4.0m | −$5.0m |
| Capital spending | — | — | — | — | — | −$1.0m | — | — |
| Free cash flow | — | — | — | — | — | −$14.0m | — | — |
| Total assets | $319.6m | $366.7m | $418.8m | $444.1m | $375.6m | $396.5m | $406.5m | $411.0m |
| Cash and short-term investments | $93.5m | $99.3m | $118.2m | $134.8m | $261.2m | $266.9m | $289.1m | $293.5m |
| Debt | $7.8m | $7.9m | $7.9m | $8.4m | $5.2m | $4.9m | $4.8m | $4.6m |
| Shareholders' equity | $237.2m | $282.1m | $295.7m | $314.5m | $292.5m | $316.4m | $330.0m | $338.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.5% | 9.9% | 27.5% |
| Operating income | 1.7% | 28.3% | 22.4% |
| Net income | 2.5% | 27.7% | 21.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.2% | 52.8% | 53.6% | 52.4% |
| Operating margin | -59.3% | -62.4% | -57.7% | -63.8% |
| Net margin | -53.2% | -54.6% | -52.0% | -59.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -6.4 | -21.9 | -3.1 | -7.3 | -12.7 | -4.4 | -3.6 | -4.7 |
| Price to sales | 1.3 | 1.8 | 5.1 | 2.9 | 3.8 | 4.6 | 3.2 | 3.0 | 5.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | -34% | -63% | 118% | -32% | -9% | 96% | 25% | -3% | 11% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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