S 
0.91
+9.27%
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
$21.0m
FY2016FY2025
Net income
−$73.0m
FY2016FY2025
Free cash flow
−$61.2m
FY2016FY2025
Shareholders' equity
$214.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.0m | $2.0m | — | — | — | — | — | $1.5m | $151,000 | $650,000 |
| Gross profit | $11.3m | $1.3m | −$5.5m | −$2.6m | −$1.7m | — | — | $1.1m | $9,000 | $439,000 |
| Research and development | $67.0m | $72.1m | $30.7m | $28.0m | $15.5m | $9.4m | $10.5m | — | — | — |
| Operating income | −$82.6m | −$109.2m | −$78.2m | −$79.6m | −$32.0m | −$13.9m | −$15.3m | −$8.9m | −$26.9m | −$22.6m |
| Net income | −$73.0m | −$100.2m | −$53.4m | −$51.0m | −$31.3m | −$13.9m | −$14.7m | −$9.6m | −$28.1m | −$20.8m |
| Diluted earnings per share | -0.22 | -0.31 | -0.17 | -0.16 | -0.50 | -1.36 | -9.49 | -6.97 | -20.50 | -15.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $272.6m | $329.8m | $406.8m | $440.4m | $193.4m | $24.6m | $36.4m | $14.3m | $15.3m | $55.2m |
| Cash and short-term investments | $199.6m | $262.5m | $332.4m | $390.1m | $160.5m | $14.7m | $25.4m | $7.1m | $5.0m | $13.8m |
| Total liabilities | $57.9m | $51.5m | $47.9m | $48.9m | $281.7m | $86.7m | $84.9m | $9.0m | $1.0m | $13.4m |
| Debt | $830,000 | — | — | — | $1.2m | $500,000 | — | — | — | — |
| Shareholders' equity | $214.8m | $278.3m | $358.9m | $391.5m | −$88.3m | −$62.1m | −$48.5m | $5.4m | $14.3m | $41.7m |
| Shares outstanding | 331m | 326m | 317m | 312m | 62m | 10m | 2m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$58.4m | −$66.1m | −$56.4m | −$46.5m | −$30.0m | −$11.0m | −$14.3m | −$6.1m | −$8.5m | −$8.6m |
| Capital spending | −$2.9m | −$12.2m | −$15.8m | −$14.7m | −$9.0m | −$982,000 | −$4.6m | −$5,000 | −$5,000 | −$27,000 |
| Free cash flow | −$61.2m | −$78.3m | −$72.2m | −$61.2m | −$39.0m | −$12.0m | −$18.9m | −$6.1m | −$8.5m | −$8.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1m | $6.7m | $4.6m | $7.1m | $3.5m | $5.8m | $2.0m | — |
| Gross profit | $1.1m | $1.2m | $514,000 | $3.6m | $2.6m | $4.6m | $2.0m | −$2.2m |
| Operating income | −$19.2m | −$17.9m | −$17.7m | −$18.6m | −$23.0m | −$23.3m | −$29.1m | −$34.2m |
| Net income | −$17.9m | −$12.1m | −$17.0m | −$20.9m | −$22.7m | −$12.4m | −$34.5m | −$30.2m |
| Diluted earnings per share | -0.05 | -0.04 | -0.05 | -0.06 | -0.07 | -0.04 | -0.11 | -0.09 |
| Cash from operations | −$13.0m | −$19.0m | −$9.0m | −$14.0m | −$10.0m | −$22.0m | −$12.0m | −$22.0m |
| Capital spending | — | — | — | — | — | — | — | −$1.0m |
| Free cash flow | — | — | — | — | — | — | — | −$23.0m |
| Total assets | $236.2m | $253.5m | $272.6m | $288.8m | $290.5m | $306.0m | $329.8m | $349.9m |
| Cash and short-term investments | $163.0m | $177.7m | $199.6m | $214.0m | $228.9m | $239.8m | $262.5m | $273.7m |
| Debt | $1.6m | $2.3m | $3.1m | $2.3m | $2.7m | $2.6m | $2.6m | $2.6m |
| Shareholders' equity | $187.1m | $203.2m | $214.8m | $228.2m | $249.2m | $269.9m | $278.3m | $309.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | — | 3.1% |
| Operating income | 1.3% | 42.8% | 8.2% |
| Net income | 12.7% | 39.4% | 6.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 54.7% | — | — | — |
| Operating margin | -832.7% | — | — | — |
| Net margin | -751.8% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -5.2 | -4.5 | -6.8 | -12.2 | -12.4 |
| Price to sales | 17.9 | 220.8 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 382% | -81% | -38% | -66% | -8% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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