R 
2.53
+6.30%
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.
Net income
−$223.1m
FY2016FY2025
Free cash flow
−$190.5m
FY2016FY2025
Shareholders' equity
$277.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$11.0m | −$9.4m | −$7.1m | −$6.3m | −$5.4m | −$1.1m | −$426,000 | −$330,000 | −$204,000 | −$169,000 |
| Research and development | $142.0m | $171.2m | $186.3m | $165.6m | $125.5m | $106.4m | $58.6m | $53.3m | $14.2m | $32.0m |
| Operating income | −$228.5m | −$273.2m | −$259.7m | −$224.3m | −$166.2m | −$134.9m | −$74.7m | −$71.5m | −$26.9m | −$41.9m |
| Net income | −$223.1m | −$258.7m | −$245.6m | −$221.9m | −$169.1m | −$146.7m | −$83.2m | −$74.5m | −$29.5m | −$42.9m |
| Diluted earnings per share | -2.01 | -2.65 | -2.92 | -3.04 | -2.62 | -2.66 | -1.52 | -1.65 | -4.35 | -6.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $330.4m | $527.7m | $566.3m | $551.8m | $497.0m | $590.8m | $372.1m | $251.3m | $101.8m | $129.6m |
| Cash and short-term investments | $188.9m | $372.3m | $373.2m | $356.4m | $388.7m | $482.7m | $304.1m | $205.7m | $100.0m | $126.5m |
| Total liabilities | $53.2m | $64.5m | $73.8m | $62.1m | $42.3m | $87.3m | $64.8m | $57.3m | $54.0m | $56.5m |
| Debt | $21.3m | $21.2m | $21.1m | $21.0m | $20.8m | $60.6m | $45.0m | $41.4m | — | $49.0m |
| Shareholders' equity | $277.2m | $463.2m | $492.6m | $489.7m | $454.7m | $503.5m | $307.3m | $194.0m | $47.8m | $73.2m |
| Shares outstanding | 111m | 98m | 84m | 73m | 64m | 55m | 55m | 45m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$190.0m | −$209.7m | −$194.9m | −$178.1m | −$121.2m | −$74.6m | −$64.7m | −$53.8m | −$26.1m | −$37.3m |
| Capital spending | −$440,000 | −$5.9m | −$16.5m | −$8.6m | −$7.7m | −$29.1m | −$23.3m | −$1.5m | −$70,000 | −$487,000 |
| Free cash flow | −$190.5m | −$215.6m | −$211.4m | −$186.8m | −$128.9m | −$103.7m | −$87.9m | −$55.2m | −$26.2m | −$37.8m |
| Dividends paid | — | — | — | −$172,000 | — | −$5.6m | — | — | — | −$155,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $9.2m | — |
| Gross profit | — | −$2.1m | — | — | −$2.5m | −$3.0m | $4.6m | −$2.4m |
| Operating income | −$46.9m | −$48.5m | −$44.0m | −$52.2m | −$71.1m | −$64.4m | −$62.7m | −$69.4m |
| Net income | $123.2m | −$47.6m | −$42.5m | −$50.3m | −$68.9m | −$61.3m | −$60.3m | −$66.7m |
| Diluted earnings per share | 1.08 | -0.42 | -0.38 | -0.45 | -0.62 | -0.55 | -0.62 | -0.68 |
| Cash from operations | −$39.0m | −$45.0m | −$34.0m | −$50.0m | −$48.0m | −$55.0m | −$46.0m | −$52.0m |
| Capital spending | — | — | — | — | — | — | — | −$1.0m |
| Free cash flow | — | — | — | — | — | — | — | −$53.0m |
| Total assets | $423.1m | $285.4m | $330.4m | $368.0m | $421.0m | $471.1m | $527.7m | $393.7m |
| Cash and short-term investments | $283.7m | $144.4m | $188.9m | $222.8m | $271.5m | $318.2m | $372.3m | $235.7m |
| Debt | $3.0m | $2.9m | $2.9m | $2.9m | $2.9m | $2.9m | $2.9m | $2.8m |
| Shareholders' equity | $368.8m | $238.0m | $277.2m | $313.7m | $354.2m | $412.1m | $463.2m | $329.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 0.6% | 11.1% | 27.3% |
| Net income | 0.2% | 8.8% | 12.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | -1.8 | -3.8 | -2.4 | -3.1 | -7.7 | -5.6 | -3.3 | -0.9 | -0.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -26% | -59% | 36% | -7% | -60% | 154% | 85% | 21% | 132% | -41% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-to-1 reverse split · 5 Jan 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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