R 
8.15
+13.04%
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
$335.4m
FY2019FY2025
Net income
−$226.6m
FY2019FY2025
Free cash flow
−$190.8m
FY2019FY2025
Shareholders' equity
$1.06bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $335.4m | $304.1m | $243.8m | $160.5m | $137.6m | $57.4m | $19.0m |
| Gross profit | $17.3m | $44.5m | $58.0m | $28.7m | $29.4m | $12.1m | $4.0m |
| Research and development | $19.8m | $6.1m | $5.0m | $4.9m | $4.5m | $2.4m | $890,000 |
| Operating income | −$211.9m | −$42.2m | −$17.1m | −$146.4m | −$43.6m | −$39,657 | −$3.2m |
| Net income | −$226.6m | −$114.3m | −$27.3m | −$130.6m | −$61.5m | −$39,657 | −$3.4m |
| Diluted earnings per share | -1.33 | -1.71 | -0.42 | -2.03 | -0.98 | -0.00 | -0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $1.45bn | $292.6m | $271.3m | $257.7m | $261.8m | $156.8m | $10.1m |
| Cash and short-term investments | $95.2m | $49.1m | $30.3m | $28.3m | $20.5m | $22.1m | $9.3m |
| Total liabilities | $389.1m | $344.5m | $218.4m | $187.8m | $154.5m | $117.6m | $14.3m |
| Debt | $89.2m | $127.2m | $89.8m | $79.2m | $78.6m | $79.5m | $3.3m |
| Shareholders' equity | $1.06bn | −$51.9m | $52.6m | $69.7m | $107.2m | $39.2m | −$4.2m |
| Shares outstanding | 170m | 67m | 65m | 64m | 63m | 60m | 60m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$177.3m | −$17.3m | $1.2m | −$31.7m | −$37.4m | −$12.5m | $5.7m |
| Capital spending | −$13.5m | −$6.4m | −$8.3m | −$4.2m | −$2.9m | −$1.2m | −$191,000 |
| Free cash flow | −$190.8m | −$23.7m | −$7.1m | −$35.8m | −$40.2m | −$13.7m | $5.5m |
| Dividends paid | — | — | — | −$381,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $117.1m | $97.0m | $108.8m | $103.4m | $61.8m | $61.4m | $69.6m | $68.6m |
| Gross profit | $32.5m | $25.8m | $10.5m | $16.8m | −$19.1m | $9.0m | $4.6m | $12.0m |
| Operating income | −$38.3m | −$73.4m | −$78.5m | −$41.9m | −$91.9m | −$10.5m | −$15.3m | −$7.4m |
| Net income | −$41.0m | −$76.5m | −$85.5m | −$41.2m | −$97.0m | −$2.9m | −$67.2m | −$21.0m |
| Diluted earnings per share | -0.19 | -0.35 | -0.50 | -0.24 | -0.57 | -0.02 | -1.01 | -0.31 |
| Cash from operations | −$23.0m | −$7.0m | −$24.0m | −$20.0m | −$87.0m | −$45.0m | $7.0m | −$17.0m |
| Capital spending | −$8.0m | −$4.0m | −$5.0m | −$7.0m | −$2.0m | −$1.0m | −$4.0m | −$2.0m |
| Free cash flow | −$31.0m | −$11.0m | −$29.0m | −$27.0m | −$89.0m | −$46.0m | $3.0m | −$19.0m |
| Total assets | $1.94bn | $1.51bn | $1.45bn | $1.45bn | $1.51bn | $314.1m | $292.6m | $289.9m |
| Cash and short-term investments | $557.7m | $145.2m | $95.2m | $54.3m | $78.6m | $54.2m | $49.1m | $43.1m |
| Debt | $53.2m | $96.4m | $93.3m | $199.1m | $204.1m | $111.1m | $131.5m | $128.4m |
| Shareholders' equity | $1.63bn | $1.09bn | $1.06bn | $928.0m | $1.06bn | $66.7m | −$51.9m | $12.3m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.2% | 14.6% | 23.8% | 17.9% | 21.3% | 21.1% |
| Operating margin | -63.2% | -10.9% | -6.4% | -29.0% | -31.7% | -0.1% |
| Net margin | -67.6% | -37.6% | -11.2% | -81.4% | -44.7% | -0.1% |
| Return on equity | -21.4% | 220.2% | -51.8% | -187.5% | -57.4% | -0.1% |
| Return on assets | -15.6% | -39.1% | -10.1% | -50.7% | -23.5% | -0.0% |
| Free cash flow yield | -11.5% | -2.0% | 1.7% | -5.1% | -6.6% | -2.3% |
| Revenue growth | 10.3% | 24.7% | 51.9% | 16.7% | 139.6% | 202.1% |
| Earnings growth | 98.2% | 319.3% | -79.1% | 112.3% | 155073.1% | -98.8% |
| Current ratio | 1.62x | 0.84x | 0.98x | 1.02x | 1.08x | 1.17x |
| Debt to equity | 0.09x | -2.52x | 1.76x | 1.17x | 0.73x | 2.03x |
| Equity ratio | 73.1% | -17.7% | 19.4% | 27.0% | 41.0% | 25.0% |
| Interest coverage | -5.34x | -2.45x | -1.45x | -5.67x | -6.75x | -0.03x |
| R&D as a share of sales | 5.9% | 2.0% | 2.0% | 3.1% | 3.3% | 4.2% |
| Buybacks as a share of market value | -154.9% | -2.4% | -1.4% | -2.5% | -5.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.8% | 42.3% | — |
| Operating income | 13.1% | 456.6% | — |
| Net income | 20.1% | 464.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.7% | 14.2% | 15.3% | — |
| Operating margin | -39.7% | -40.0% | -37.2% | — |
| Net margin | -53.3% | -47.8% | -45.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -5.7 | -9.6 | -6.8 | -1.0 | -6.9 |
| Price to sales | 3.9 | 3.6 | 0.8 | 0.8 | 3.1 |
Market value over time
29 Jan 2021 to 14 Oct 2026, in USD
$388.5m$1.90bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -44% | 323% | 48% | -71% | -34% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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