V 
1.74
+2.35%
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
$30.3m
FY2019FY2025
Net income
−$358.7m
FY2019FY2025
Free cash flow
$3.7m
FY2019FY2025
Shareholders' equity
−$207.8m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $30.3m | $56.6m | $46.7m | $38.0m | $31.3m | $23.6m | $21.0m |
| Research and development | $20.7m | $9.6m | $12.7m | $9.1m | $9.2m | $10.0m | $85.5m |
| Operating income | −$362.6m | −$83.4m | −$112.8m | −$50.6m | −$48.7m | −$35.3m | −$161.7m |
| Net income | −$358.7m | −$72.8m | −$114.3m | −$23.4m | −$88.4m | −$47.5m | −$178.6m |
| Diluted earnings per share | -51.01 | -10.47 | -29.63 | -6.09 | -20.32 | -11.79 | -44.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $365.0m | $93.0m | $101.3m | $86.5m | $77.9m | $81.5m | — |
| Cash and short-term investments | $11.0m | $3.3m | $3.9m | $2.2m | $4.3m | $4.8m | — |
| Total liabilities | $576.7m | $285.6m | $274.2m | $50.3m | $301.8m | $223.2m | — |
| Debt | $114.8m | $36.4m | $125.5m | — | — | $125,000 | — |
| Shareholders' equity | −$207.8m | −$192.6m | −$172.9m | $36.2m | −$223.9m | −$141.7m | — |
| Shares outstanding | 7m | 7m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | $3.8m | $19.3m | −$20.7m | −$21.3m | −$28.7m | −$31.5m | −$60.4m |
| Capital spending | −$133,000 | −$600,000 | −$330,000 | −$2.1m | −$7,000 | −$25,000 | −$584,000 |
| Free cash flow | $3.7m | $18.7m | −$21.0m | −$23.3m | −$28.7m | −$31.5m | −$61.0m |
| Dividends paid | — | — | −$10.0m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.6m | $8.6m | $4.8m | $10.6m | $9.9m | $5.0m | $14.9m | $14.4m |
| Operating income | −$29.4m | −$32.2m | −$42.6m | −$255.0m | −$41.3m | −$27.9m | −$6.2m | −$3.8m |
| Net income | −$114.7m | −$43.3m | −$33.1m | −$257.2m | −$86.1m | −$26.1m | −$6.5m | −$4.4m |
| Diluted earnings per share | -16.65 | -6.28 | -4.71 | -36.58 | -12.24 | -3.71 | -0.93 | -0.63 |
| Cash from operations | −$6.0m | −$1.0m | −$17.0m | $8.0m | $7.0m | $6.0m | $2.0m | $5.0m |
| Capital spending | −$2.0m | −$3.0m | — | — | — | — | — | — |
| Free cash flow | −$8.0m | −$4.0m | — | — | — | — | — | — |
| Total assets | $253.6m | $293.6m | $365.0m | $275.9m | $83.8m | $79.0m | $93.0m | $100.4m |
| Cash and short-term investments | $581,000 | $3.4m | — | $878,000 | $4.1m | $5.8m | $3.3m | — |
| Debt | $83.0m | $88.1m | $22.5m | $55.3m | $40.6m | $40.2m | $36.4m | $14.3m |
| Shareholders' equity | −$310.5m | −$249.2m | −$207.8m | −$176.9m | −$249.0m | −$211.5m | −$192.6m | −$211.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.3% | 5.1% | — |
| Operating income | 92.7% | 59.4% | — |
| Net income | 148.5% | 49.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -513.5% | -355.1% | -306.1% | — |
| Net margin | -496.9% | -331.7% | -311.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -0.2 | -1.4 | -1.4 | -13.5 | -6.0 |
| Price to sales | 2.8 | 1.8 | 3.5 | 8.3 | 17.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -9% | -44% | -55% | -48% | 2% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 35-to-1 reverse split · 15 Apr 2025
- 1-to-1 reverse split · 11 Nov 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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