R
4.86
+7.05%
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
−$38.9m
FY2019FY2025
Free cash flow
−$19.3m
FY2019FY2025
Shareholders' equity
$275.7m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross profit | $103.0m | $98.9m | $53.8m | $21.3m | $4.5m | $1.7m | −$1.8m |
| Research and development | $38.5m | $34.4m | $29.1m | $26.0m | $24.5m | $21.9m | $29.6m |
| Operating income | −$48.2m | −$36.9m | −$50.1m | −$63.3m | −$52.8m | −$35.4m | −$46.1m |
| Net income | −$38.9m | −$27.5m | −$48.6m | −$66.8m | −$48.7m | $27.6m | $126.2m |
| Diluted earnings per share | -0.95 | -0.68 | -1.35 | -2.38 | -1.78 | 1.45 | 6.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $311.8m | $318.6m | $182.6m | $150.2m | $192.7m | $100.7m | $110.4m |
| Cash and short-term investments | $228.1m | $237.2m | $127.2m | $105.8m | $159.3m | $69.0m | $80.7m |
| Total liabilities | $36.1m | $37.3m | $22.2m | $60.3m | $54.5m | $398.2m | $415.0m |
| Debt | $93,000 | $134,000 | $155,000 | $40.4m | $39.8m | $24.5m | $200,000 |
| Shareholders' equity | $275.7m | $281.2m | $160.4m | $89.9m | $138.2m | −$297.5m | −$304.6m |
| Shares outstanding | 41m | 40m | 36m | 28m | 27m | 19m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$15.5m | −$16.9m | −$41.6m | −$58.9m | −$44.7m | −$35.2m | −$40.6m |
| Capital spending | −$3.8m | −$5.4m | −$4.8m | −$2.4m | −$1.9m | −$2.5m | −$4.1m |
| Free cash flow | −$19.3m | −$22.4m | −$46.4m | −$61.2m | −$46.6m | −$37.7m | −$44.7m |
| Dividends paid | — | — | — | −$643,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | $25.9m | $23.5m | $25.3m | $24.2m | $25.2m | $28.3m | $28.8m | $25.2m |
| Operating income | −$13.8m | −$17.8m | −$11.3m | −$12.2m | −$14.0m | −$10.7m | −$8.6m | −$9.2m |
| Net income | −$12.1m | −$15.9m | −$9.2m | −$9.8m | −$11.8m | −$8.2m | −$5.9m | −$6.3m |
| Diluted earnings per share | -0.29 | -0.38 | -0.22 | -0.24 | -0.29 | -0.20 | -0.15 | -0.16 |
| Cash from operations | −$9.0m | −$10.0m | −$1.0m | −$1.0m | −$4.0m | −$8.0m | −$4.0m | — |
| Capital spending | −$1.0m | — | −$1.0m | — | −$1.0m | — | — | −$1.0m |
| Free cash flow | −$10.0m | — | −$2.0m | — | −$5.0m | — | — | — |
| Total assets | $352.7m | $304.0m | $311.8m | $308.5m | $309.0m | $313.0m | $318.6m | $310.5m |
| Cash and short-term investments | $208.8m | $217.9m | $228.1m | $227.5m | $227.5m | $229.3m | $237.2m | $237.1m |
| Debt | $1.7m | $1.5m | $1.2m | $1.3m | $1.1m | $1.1m | $974,000 | $734,000 |
| Shareholders' equity | $263.3m | $267.3m | $275.7m | $276.0m | $278.0m | $279.3m | $281.2m | $277.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 40.0% | 55.7% | — |
| Operating income | -8.7% | 6.4% | — |
| Net income | -16.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 73.6% | 67.2% | 63.0% | — |
| Operating margin | -31.0% | -48.1% | -63.7% | — |
| Net margin | -24.2% | -44.1% | -45.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -11.0 | -19.5 | -11.5 | -2.0 | -2.4 |
| Price to sales | 3.2 | 3.8 | 6.3 | 2.8 | 5.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -14% | -5% | 269% | 11% | -40% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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