Q 
6.86
+8.37%
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
$682,000
FY2017FY2025
Net income
−$18.7m
FY2017FY2025
Free cash flow
−$37.0m
FY2017FY2025
Shareholders' equity
$1.60bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $682,000 | $373,000 | $358,000 | $135,648 | $31,240 | — | — | — | — |
| Research and development | $20.5m | $11.3m | $8.9m | $4.6m | $2.6m | $1.5m | $891,126 | $250,639 | $250,640 |
| Operating income | −$51.1m | −$66.0m | −$25.4m | −$36.6m | −$17.1m | −$16.9m | −$2.5m | −$5.8m | −$175,000 |
| Net income | −$18.7m | −$68.5m | −$27.0m | −$38.6m | −$27.9m | −$24.7m | −$8.4m | −$10.5m | −$175,000 |
| Diluted earnings per share | -0.09 | -0.73 | -0.35 | -0.69 | -0.96 | -1.44 | -1.08 | -1.78 | -0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.62bn | $153.6m | $74.4m | $78.5m | $17.3m | $15.3m | $148,245 | $1.9m | — |
| Cash and short-term investments | $1.12bn | $78.9m | $2.1m | $5.3m | $16.7m | $15.2m | $101,100 | $1.8m | — |
| Total liabilities | $20.7m | $46.3m | $5.7m | $13.4m | $1.1m | $693,207 | $3.0m | $3.3m | $1,500 |
| Debt | — | — | $1.9m | $8.2m | — | $220,000 | $1.6m | $3.2m | — |
| Shareholders' equity | $1.60bn | $107.3m | $68.7m | $65.1m | $16.2m | $14.6m | −$2.8m | −$1.4m | −$1,500 |
| Shares outstanding | 216m | 94m | 77m | 56m | 29m | 17m | 8m | 6m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$30.3m | −$16.2m | −$18.3m | −$17.6m | −$6.8m | −$11.5m | −$2.2m | −$2.4m | −$2.4m |
| Capital spending | −$6.7m | −$6.0m | −$2.1m | −$869,687 | −$19,391 | −$11,973 | −$21,339 | −$7,014 | −$7,014 |
| Free cash flow | −$37.0m | −$22.2m | −$20.4m | −$18.4m | −$6.8m | −$11.6m | −$2.3m | −$2.4m | −$2.4m |
| Dividends paid | — | −$215,000 | −$865,000 | −$102,390 | −$117,454 | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6m | $3.7m | $198,000 | $384,000 | $61,000 | $39,000 | $62,000 | $101,000 |
| Operating income | −$23.0m | −$20.5m | −$22.2m | −$10.4m | −$10.2m | −$8.3m | −$8.9m | −$5.4m |
| Net income | −$11.8m | −$4.0m | −$1.6m | $2.4m | −$36.5m | $17.0m | −$51.2m | −$5.7m |
| Diluted earnings per share | -0.05 | -0.02 | -0.01 | 0.01 | -0.17 | 0.08 | -0.55 | -0.06 |
| Cash from operations | −$13.0m | −$9.0m | −$11.0m | −$8.0m | −$6.0m | −$4.0m | −$3.0m | −$4.0m |
| Capital spending | −$2.0m | −$1.0m | −$1.0m | −$2.0m | −$1.0m | −$1.0m | −$2.0m | — |
| Free cash flow | −$15.0m | −$10.0m | −$12.0m | −$10.0m | −$7.0m | −$5.0m | −$5.0m | — |
| Total assets | $1.64bn | $1.62bn | $1.62bn | $898.2m | $426.1m | $242.5m | $153.6m | $76.8m |
| Cash and short-term investments | $954.2m | $986.1m | $1.12bn | $555.6m | $348.8m | $166.4m | $78.9m | $3.1m |
| Debt | — | — | — | $641,000 | $635,000 | — | — | $6.8m |
| Shareholders' equity | $1.59bn | $1.60bn | $1.60bn | $877.9m | $396.0m | $220.8m | $107.3m | $65.9m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -2728.6% | -17706.7% | -7100.6% | -19641.8% | -54833.8% | — | — | 7.6% | — |
| Net margin | -2738.1% | -18375.9% | -7548.0% | -28451.4% | -89304.9% | — | — | 6.6% | — |
| Return on equity | -1.2% | -63.9% | -39.3% | -59.3% | -172.2% | -169.7% | — | — | — |
| Return on assets | -1.2% | -44.6% | -36.3% | -49.2% | -161.4% | -162.0% | — | — | — |
| Free cash flow yield | -1.7% | -1.6% | -3.2% | -4.5% | -3.5% | -10.2% | — | — | — |
| Revenue growth | 82.8% | 4.2% | 163.9% | 334.2% | — | — | — | -3.3% | -9.9% |
| Earnings growth | -72.8% | 153.7% | -30.0% | 38.3% | 12.8% | 195.1% | — | — | — |
| Current ratio | 102.38x | 17.36x | 0.55x | 1.19x | 15.91x | 21.98x | — | — | — |
| Debt to equity | — | 0.02x | 0.03x | 0.15x | 0.00x | 0.01x | -0.57x | — | — |
| Equity ratio | 98.7% | 69.9% | 92.4% | 82.9% | 93.7% | 95.5% | — | — | — |
| Interest coverage | -286.29x | -26.46x | -15.87x | -12.93x | -1.56x | -3.12x | — | — | — |
| R&D as a share of sales | 3001.9% | 3034.3% | 2483.5% | 3363.0% | 8277.2% | — | — | — | 7.2% |
| Buybacks as a share of market value | -130.1% | -21.2% | -38.4% | -91.9% | -69.7% | -121.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 71.3% | — | -15.0% |
| Operating income | 11.8% | 24.8% | 85.2% |
| Net income | -21.5% | -5.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -11101.7% | -11566.4% | — | — |
| Net margin | -8266.9% | -9868.7% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -118.7 | -12.8 | -0.9 | -0.7 | -1.2 | -3.3 | -0.9 | -0.2 | -0.0 |
| Price to sales | — | — | 66.0 | 208.1 | — | — | — | — | — |
Market value over time
28 Oct 2016 to 30 Oct 2026, in USD
$42,072$1.48bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 21% | 2688% | -43% | -53% | -80% | 467% | 174% | 13710% | 1500% | 0% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 200-to-1 reverse split · 3 Jul 2018
- 100-to-1 reverse split · 29 Aug 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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