S 
9.80
+14.09%
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
$35.3m
FY2016FY2025
Net income
−$69.1m
FY2016FY2025
Free cash flow
−$60.2m
FY2016FY2025
Shareholders' equity
$61.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.3m | $22.5m | $22.4m | $16.4m | $13.7m | $4.9m | $21.3m | $18.9m | $6.4m | $332,000 |
| Research and development | $31.6m | $41.1m | $48.8m | $39.7m | $27.2m | $20.4m | $38.4m | $31.9m | $30.7m | $26.3m |
| Operating income | −$68.4m | −$74.7m | −$75.6m | $159.0m | −$57.2m | −$79.1m | −$130.7m | −$87.7m | −$56.1m | −$42.4m |
| Net income | −$69.1m | −$78.6m | −$60.4m | $142.1m | −$302.5m | −$175.2m | −$115.5m | −$94.0m | −$59.1m | −$43.9m |
| Diluted earnings per share | -1.66 | -2.36 | -2.28 | 4.13 | -13.54 | -14.81 | -11.34 | -10.62 | -8.62 | -9.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $126.3m | $100.4m | $138.2m | $177.7m | $198.9m | $35.9m | $132.8m | $160.0m | $45.9m | $22.3m |
| Cash and short-term investments | $94.0m | $74.6m | $109.5m | $144.0m | $129.9m | $18.0m | $95.9m | $136.8m | $36.5m | $20.3m |
| Total liabilities | $65.2m | $117.0m | $102.4m | $180.2m | $384.5m | $180.0m | $141.4m | $88.7m | $38.7m | $27.1m |
| Debt | $35.6m | $54.8m | $41.2m | $72.0m | $62.7m | $60.4m | $115.6m | $50.9m | $24.4m | $19.1m |
| Shareholders' equity | $61.0m | −$16.6m | $35.8m | −$2.6m | −$185.5m | −$144.1m | −$8.6m | $71.3m | $7.3m | −$4.9m |
| Shares outstanding | 42m | 33m | 27m | 34m | 22m | 12m | 10m | 9m | 7m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$59.1m | −$60.5m | −$70.2m | −$66.3m | −$56.1m | −$67.4m | −$136.0m | −$90.8m | −$55.7m | −$38.0m |
| Capital spending | −$1.1m | −$2.2m | −$350,000 | −$312,000 | −$210,000 | −$181,000 | −$1.0m | −$989,000 | −$345,000 | −$479,000 |
| Free cash flow | −$60.2m | −$62.7m | −$70.5m | −$66.6m | −$56.3m | −$67.6m | −$137.1m | −$91.8m | −$56.1m | −$38.5m |
| Dividends paid | — | — | — | −$2.6m | −$5.3m | −$550,000 | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.5m | $11.7m | $14.3m | $8.1m | $6.6m | $6.3m | $8.3m | $4.3m |
| Operating income | −$36.1m | −$31.9m | −$20.9m | −$19.6m | −$14.3m | −$13.5m | −$14.2m | −$22.9m |
| Net income | −$36.7m | −$32.3m | −$20.8m | −$19.5m | −$14.5m | −$14.3m | −$15.5m | −$24.0m |
| Diluted earnings per share | -0.63 | -0.56 | -0.50 | -0.47 | -0.35 | -0.34 | -0.46 | -0.72 |
| Cash from operations | −$30.0m | −$32.0m | −$17.0m | −$15.0m | −$9.0m | −$16.0m | −$14.0m | −$14.0m |
| Total assets | $176.8m | $102.9m | $126.3m | $139.9m | $150.3m | $87.2m | $100.4m | $96.3m |
| Cash and short-term investments | $142.7m | $64.6m | $94.0m | $111.3m | $126.4m | $64.2m | $74.6m | $74.5m |
| Debt | $56.8m | $36.9m | $36.1m | $35.7m | $35.7m | $35.4m | $55.3m | $54.2m |
| Shareholders' equity | $90.3m | $34.3m | $61.0m | $78.2m | $94.7m | $35.2m | −$16.6m | −$17.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.1% | 48.1% | 98.0% |
| Operating income | — | -2.9% | 9.0% |
| Net income | — | -17.0% | 8.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -247.8% | -61.8% | -170.2% | -334.2% |
| Net margin | -255.9% | -68.4% | -472.2% | -546.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -4.4 | -5.0 | 5.0 | -3.9 | -1.2 | -1.6 | -4.9 | -6.2 | -5.7 |
| Price to sales | 6.5 | 15.5 | 13.5 | 43.3 | 87.3 | 41.7 | 8.8 | 24.2 | 57.2 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -23% | -38% | -41% | -57% | 507% | -54% | -62% | -10% | -2% | -12% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 20 Oct 2025
- 12-for-1 split · 10 Nov 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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