R 
113.94
+1.48%
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
$189.8m
FY2016FY2025
Net income
−$196.5m
FY2016FY2025
Free cash flow
−$116.6m
FY2016FY2025
Shareholders' equity
$270.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $189.8m | $130.1m | $77.4m | $23.6m | $3.2m | $35,000 | — | — | — | — |
| Gross profit | $170.3m | $116.8m | $68.1m | $21.5m | $2.6m | −$690,000 | −$834,000 | −$442,000 | −$223,000 | −$144,000 |
| Research and development | $167.3m | $238.0m | $135.0m | $108.6m | $104.1m | $90.5m | $109.5m | $50.3m | $22.9m | $19.6m |
| Operating income | −$190.8m | −$265.5m | −$184.4m | −$179.9m | −$170.1m | −$136.6m | −$146.0m | −$78.4m | −$32.4m | −$25.9m |
| Net income | −$196.5m | −$260.6m | −$184.7m | −$181.1m | −$68.0m | −$130.7m | −$134.6m | −$74.1m | −$33.7m | −$25.9m |
| Diluted earnings per share | -2.94 | -4.23 | -3.12 | -3.22 | -1.35 | -2.96 | -3.19 | -2.15 | -1.29 | -1.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $480.2m | $392.3m | $332.7m | $382.5m | $329.5m | $187.1m | $308.5m | $260.2m | $151.7m | $12.3m |
| Cash and short-term investments | $388.9m | $320.6m | $275.8m | $333.3m | $294.9m | $172.8m | $292.5m | $252.1m | $148.1m | $10.5m |
| Total liabilities | $210.2m | $227.7m | $163.0m | $118.2m | $45.4m | $20.5m | $27.5m | $14.0m | $6.9m | $5.0m |
| Debt | $650,000 | $109.8m | $106.1m | $75.8m | — | — | — | $400,000 | $200,000 | — |
| Shareholders' equity | $270.0m | $164.5m | $169.8m | $264.3m | $284.2m | $166.5m | $281.0m | $246.3m | $144.8m | $7.3m |
| Shares outstanding | 67m | 62m | 59m | 56m | 50m | 44m | 42m | 34m | 26m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$115.7m | −$113.9m | −$136.2m | −$173.4m | −$146.0m | −$122.0m | −$122.8m | −$62.1m | −$29.5m | −$23.2m |
| Capital spending | −$953,000 | — | −$47,000 | −$4.3m | −$5.4m | −$214,000 | −$3.4m | −$722,000 | −$133,000 | −$1.1m |
| Free cash flow | −$116.6m | −$113.9m | −$136.2m | −$177.7m | −$151.4m | −$122.2m | −$126.1m | −$62.8m | −$29.6m | −$24.3m |
| Dividends paid | −$5.4m | −$4.0m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $71.3m | $60.1m | $57.3m | $51.3m | $48.5m | $32.7m | $41.8m | $33.3m |
| Gross profit | $62.3m | $53.0m | $52.5m | $45.8m | $43.0m | $29.1m | $38.0m | $29.4m |
| Operating income | −$47.5m | −$54.1m | −$47.0m | −$52.4m | −$43.7m | −$47.6m | −$41.5m | −$42.8m |
| Net income | −$49.3m | −$55.6m | −$47.5m | −$52.9m | −$46.6m | −$49.5m | −$43.3m | −$43.6m |
| Diluted earnings per share | -0.72 | -0.81 | -0.71 | -0.79 | -0.70 | -0.74 | -0.70 | -0.71 |
| Cash from operations | −$53.0m | −$44.0m | −$25.0m | −$26.0m | −$23.0m | −$40.0m | −$18.0m | −$25.0m |
| Capital spending | — | — | — | — | — | — | — | −$40.0m |
| Free cash flow | — | — | — | — | — | — | — | −$65.0m |
| Total assets | $437.3m | $442.3m | $480.2m | $506.9m | $372.7m | $386.7m | $392.3m | $363.6m |
| Cash and short-term investments | $330.9m | $340.6m | $388.9m | $416.1m | $291.0m | $314.5m | $320.6m | $298.4m |
| Debt | $703,000 | $676,000 | $650,000 | $624,000 | $510,000 | $224,000 | — | — |
| Shareholders' equity | $217.3m | $237.6m | $270.0m | $295.7m | $133.6m | $163.1m | $164.5m | $152.7m |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 89.7% | 89.7% | 88.0% | 91.0% | 81.0% | -1971.4% | — |
| Operating margin | -92.5% | -184.2% | -219.8% | -744.2% | -5391.9% | -390214.3% | — |
| Net margin | -103.6% | -200.3% | -238.5% | -766.2% | -2156.2% | -373505.7% | — |
| Return on equity | -72.8% | -158.4% | -108.8% | -68.5% | -23.9% | -78.5% | — |
| Return on assets | -40.9% | -66.4% | -55.5% | -47.4% | -20.6% | -69.9% | — |
| Free cash flow yield | -1.9% | — | -2.5% | -3.3% | -3.1% | -3.0% | -3.1% |
| Revenue growth | 45.8% | 68.1% | 227.6% | 649.5% | 8911.4% | — | — |
| Earnings growth | -24.6% | 41.1% | 2.0% | 166.3% | -48.0% | -2.9% | — |
| Current ratio | 4.41x | 3.24x | 5.58x | 8.90x | 7.10x | 10.10x | — |
| Debt to equity | 0.00x | 0.01x | 0.00x | 0.01x | 0.00x | 0.00x | — |
| Equity ratio | 56.2% | 41.9% | 51.0% | 69.1% | 86.2% | 89.0% | — |
| Interest coverage | -8.52x | -11.63x | -12.25x | -33.82x | -1.69x | — | — |
| R&D as a share of sales | 88.2% | 182.9% | 174.3% | 459.6% | 3301.5% | 258428.6% | — |
| Buybacks as a share of market value | -8.6% | -4.0% | -5.2% | -12.0% | -13.7% | -4.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 100.2% | 458.2% | — |
| Operating income | 2.0% | 6.9% | 33.5% |
| Net income | 2.8% | 8.5% | 33.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 89.7% | 89.5% | 89.2% | — |
| Operating margin | -142.6% | -194.9% | -265.8% | — |
| Net margin | -142.9% | -195.5% | -240.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -36.4 | -13.2 | -14.7 | -9.1 | -7.4 | -10.1 | -7.2 | -12.5 | -22.6 |
| Price to sales | 37.7 | 26.5 | 35.1 | 69.4 | 159.1 | — | — | — | — |
Market value over time
31 Oct 2017 to 9 Oct 2026, in USD
$153.5m$6.23bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 108% | 16% | 69% | 149% | -63% | 26% | -7% | -16% | -0% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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