C 
7.02
-6.77%
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
$2.8m
FY2016FY2025
Net income
−$130.3m
FY2016FY2025
Free cash flow
−$79.4m
FY2016FY2025
Shareholders' equity
−$126.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8m | $38.9m | $26.0m | $110.8m | $85.1m | $16.6m | $6.7m | $903,000 | $207,000 | $8.1m |
| Gross profit | $2.8m | $38.9m | $26.0m | $108.7m | $85.1m | $16.6m | $6.7m | $903,000 | $207,000 | $8.1m |
| Research and development | $58.0m | $45.1m | $71.3m | $72.4m | $68.7m | $54.5m | $42.7m | $47.7m | $45.2m | $29.7m |
| Operating income | −$86.7m | −$43.9m | −$86.4m | $17.6m | −$6.9m | −$67.3m | −$53.8m | −$63.8m | −$64.1m | −$35.0m |
| Net income | −$130.3m | −$77.4m | −$219.7m | $35.4m | −$25.7m | −$68.9m | −$55.4m | −$65.3m | −$65.3m | −$36.2m |
| Diluted earnings per share | -5.02 | -2.99 | -42.49 | 7.33 | -6.69 | -22.99 | -38.08 | -104.77 | -105.59 | -71.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $296.4m | $435.0m | $305.1m | $165.9m | $159.9m | $165.4m | $99.6m | $44.5m | $101.1m | $89.3m |
| Cash and short-term investments | $125.1m | $212.6m | $76.9m | $134.6m | $128.1m | $138.7m | $90.2m | $37.4m | $96.6m | $84.1m |
| Total liabilities | $422.7m | $441.8m | $745.2m | $72.1m | $137.4m | $183.4m | $91.2m | $49.9m | $49.3m | $34.3m |
| Debt | $4.2m | — | — | $26.3m | $25.6m | $24.8m | $18.9m | $21.4m | $21.0m | $12.0m |
| Shareholders' equity | −$126.2m | −$6.8m | −$440.2m | $93.8m | $22.5m | −$18.0m | $8.4m | −$5.4m | $51.8m | $55.0m |
| Shares outstanding | 26m | 26m | 5m | 5m | 4m | 3m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$73.9m | −$23.7m | −$51.2m | −$31.6m | −$60.4m | $34.9m | −$51.4m | −$59.2m | −$52.0m | −$19.7m |
| Capital spending | −$5.5m | −$9.1m | −$206,000 | −$1.2m | −$1.1m | −$815,000 | −$47,000 | −$884,000 | −$733,000 | −$586,000 |
| Free cash flow | −$79.4m | −$32.8m | −$51.4m | −$32.8m | −$61.5m | $34.1m | −$51.5m | −$60.0m | −$52.8m | −$20.3m |
| Dividends paid | — | — | — | — | — | −$184,000 | −$28,000 | — | −$25.5m | −$4.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $78,000 | $947,000 | $452,000 | $298,000 | $1.1m | −$759,000 | $387,000 |
| Gross profit | — | $78,000 | $947,000 | −$12.3m | $298,000 | $1.1m | −$759,000 | $387,000 |
| Operating income | −$29.2m | −$26.5m | −$21.9m | −$21.1m | −$21.8m | −$21.9m | −$26.7m | −$17.6m |
| Net income | $13.7m | −$39.2m | −$92.6m | −$35.9m | $15.9m | −$17.7m | −$10.3m | −$24.2m |
| Diluted earnings per share | 0.46 | -1.31 | -3.56 | -1.38 | 0.61 | -0.68 | -0.40 | -0.93 |
| Cash from operations | −$20.0m | −$22.0m | −$17.0m | −$15.0m | −$17.0m | −$23.0m | −$7.0m | $13.0m |
| Capital spending | — | — | — | −$1.0m | −$2.0m | −$1.0m | — | −$6.0m |
| Free cash flow | — | — | — | −$16.0m | −$19.0m | −$24.0m | — | $7.0m |
| Total assets | $318.6m | $288.4m | $296.4m | $372.7m | $388.9m | $409.1m | $435.0m | $455.3m |
| Cash and short-term investments | $147.6m | $118.6m | $125.1m | $143.4m | $160.3m | $180.4m | $212.6m | $219.2m |
| Debt | $57.0m | $4.2m | $4.2m | $3.9m | $3.8m | $3.7m | $2.9m | $2.8m |
| Shareholders' equity | −$125.2m | −$148.1m | −$126.2m | −$35.8m | −$2.5m | −$21.8m | −$6.8m | $752,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -70.7% | -30.0% | -7.4% |
| Operating income | — | 5.2% | 13.1% |
| Net income | — | 13.6% | 17.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | 98.9% | 99.3% | 99.3% |
| Operating margin | -313.1% | -111.7% | -97.7% | -170.7% |
| Net margin | -498.0% | -219.7% | -173.7% | -243.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -6.0 | -0.3 | 3.0 | -9.5 | -2.6 | -1.2 | -0.5 | -1.8 | -2.1 |
| Price to sales | 67.0 | 11.9 | 2.7 | 1.0 | 2.9 | 10.7 | 10.1 | 35.8 | — | 9.7 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -57% | 24% | -37% | -66% | 7% | 33% | -38% | -63% | 20% | 28% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 30-to-1 reverse split · 5 Apr 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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