R 
5.08
+3.25%
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
$100.6m
FY2019FY2025
Net income
−$81.8m
FY2019FY2025
Free cash flow
−$74.5m
FY2019FY2025
Shareholders' equity
$274.8m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $100.6m | $95.5m | $81.0m | $39.4m | $9.5m | $4.6m | $3.4m |
| Research and development | $18.7m | $18.9m | $15.7m | $6.3m | $1.6m | $583,707 | $581,689 |
| Operating income | −$77.1m | −$130.9m | −$135.5m | −$35.6m | −$10.6m | −$1.3m | −$332,895 |
| Net income | −$81.8m | −$338.4m | −$116.4m | −$11.4m | −$13.4m | −$1.3m | −$361,921 |
| Diluted earnings per share | -0.32 | -1.65 | -0.58 | -0.06 | -0.08 | -0.01 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $336.8m | $195.3m | $295.7m | $367.0m | $55.8m | $2.7m | $2.5m |
| Cash and short-term investments | $237.9m | $114.0m | $219.5m | $338.3m | $46.8m | $1.4m | $1.9m |
| Total liabilities | $62.0m | $258.4m | $44.1m | $27.3m | $25.4m | $3.0m | $1.9m |
| Debt | — | — | — | — | — | $400,000 | $40,155 |
| Shareholders' equity | $274.8m | −$63.1m | $251.6m | $339.6m | $30.4m | −$340,935 | $559,810 |
| Shares outstanding | 255m | 205m | 202m | 203m | 174m | 174m | 280m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$70.4m | −$87.0m | −$92.9m | −$32.3m | −$5.3m | $51,191 | $1.1m |
| Capital spending | −$4.1m | −$7.2m | −$14.6m | −$9.0m | −$1.8m | −$68,806 | −$54,337 |
| Free cash flow | −$74.5m | −$94.2m | −$107.5m | −$41.3m | −$7.2m | −$17,615 | $1.1m |
| Dividends paid | — | — | — | −$54.1m | — | −$25,000 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.4m | $25.5m | $27.1m | $24.8m | $25.1m | $23.7m | $30.2m | $25.1m |
| Operating income | −$70.8m | −$30.2m | $14.0m | −$28.1m | −$26.6m | −$36.4m | −$24.2m | −$32.8m |
| Net income | −$79.1m | −$30.3m | −$32.7m | −$16.3m | −$30.2m | −$2.7m | −$33.8m | −$31.5m |
| Diluted earnings per share | -0.29 | -0.11 | -0.13 | -0.06 | -0.12 | -0.01 | -0.16 | -0.15 |
| Cash from operations | — | −$16.0m | −$29.0m | −$10.0m | −$15.0m | −$14.0m | $74.0m | −$19.0m |
| Capital spending | — | −$1.0m | −$3.0m | −$1.0m | — | — | −$7.0m | — |
| Free cash flow | — | −$17.0m | −$32.0m | −$11.0m | — | — | $67.0m | — |
| Total assets | $1.91bn | $311.2m | $336.8m | $367.2m | $379.9m | $391.1m | $195.3m | $217.2m |
| Cash and short-term investments | $203.3m | $219.0m | $237.9m | $269.8m | $283.8m | $301.3m | $114.0m | $132.0m |
| Debt | $501.8m | $1.2m | $1.3m | $1.3m | $1.2m | $1.1m | $1.0m | $1.0m |
| Shareholders' equity | $1.36bn | $249.9m | $274.8m | $302.2m | $314.2m | $339.6m | −$63.1m | $166.1m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -81.3% | -135.6% | -168.4% | -87.6% | -112.1% | -26.4% | — |
| Net margin | -81.3% | -354.4% | -143.8% | -29.0% | -141.7% | -27.6% | — |
| Return on equity | -29.8% | 536.1% | -46.3% | -3.4% | -44.2% | 368.6% | — |
| Return on assets | -24.3% | -173.2% | -39.4% | -3.1% | -24.0% | -46.9% | — |
| Free cash flow yield | -4.6% | -6.8% | -6.8% | -2.0% | -0.3% | 0.0% | — |
| Revenue growth | 5.4% | 17.9% | 105.6% | 316.0% | 107.7% | 35.6% | — |
| Earnings growth | -75.8% | 190.6% | 920.9% | -15.0% | 967.4% | 247.2% | — |
| Current ratio | 5.84x | 0.63x | 7.09x | 22.09x | 6.80x | 0.84x | — |
| Debt to equity | 0.00x | -0.02x | 0.00x | 0.00x | 0.01x | -1.23x | — |
| Equity ratio | 81.6% | -32.3% | 85.1% | 92.5% | 54.4% | -12.7% | — |
| Interest coverage | — | — | — | -30.90x | -3.63x | -10.35x | -2.31x |
| R&D as a share of sales | 18.6% | 19.8% | 19.4% | 16.1% | 17.1% | 12.8% | — |
| Buybacks as a share of market value | -24.0% | -1.7% | 0.4% | -16.8% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 38.0% | 86.7% | — |
| Operating income | 29.4% | 127.6% | — |
| Net income | 92.9% | 130.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -106.1% | -119.8% | -118.3% | — |
| Net margin | -214.3% | -173.2% | -170.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -19.7 | -7.9 | -7.8 | -105.8 | -140.1 |
| Price to sales | 16.0 | 28.0 | 11.2 | 31.5 | 287.3 |
Market value over time
30 Apr 2021 to 27 Oct 2026, in USD
$78.2m$1.62bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -9% | 47% | -31% | -39% | 23% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 19 Sept 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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