S 
1.93
-3.02%
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
$21.7m
FY2019FY2025
Net income
−$93.4m
FY2019FY2025
Free cash flow
−$83.6m
FY2019FY2025
Shareholders' equity
$415.7m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $21.7m | $20.1m | $17.4m | $11.8m | $2.7m | $2.1m | $2.3m |
| Research and development | $72.5m | $73.3m | $54.7m | $38.6m | $9.6m | $7.5m | $7.2m |
| Operating income | −$100.8m | −$105.3m | −$90.6m | −$59.1m | $18.5m | −$11.6m | −$9.2m |
| Net income | −$93.4m | −$96.5m | −$65.5m | −$9.6m | $18.1m | −$14.4m | −$9.2m |
| Diluted earnings per share | -0.51 | -0.54 | -0.37 | -0.05 | 0.16 | -0.21 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $457.8m | $448.3m | $532.8m | $594.4m | $617.7m | $14.2m | $20.8m |
| Cash and short-term investments | $251.2m | $118.2m | $176.0m | $323.1m | $589.3m | $5.0m | $10.6m |
| Total liabilities | $41.6m | $37.9m | $29.5m | $39.1m | $59.0m | $10.3m | $7.9m |
| Debt | $1.0m | $551,000 | $931,000 | $900,000 | $100,000 | $6.3m | $6.4m |
| Shareholders' equity | $415.7m | $410.3m | $503.3m | $555.4m | $558.7m | $3.9m | $12.9m |
| Shares outstanding | 185m | 180m | 178m | 176m | 115m | 70m | 168m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$73.4m | −$63.9m | −$58.3m | −$33.8m | −$25.4m | −$10.0m | −$8.6m |
| Capital spending | −$10.2m | −$16.4m | −$35.1m | −$58.8m | −$13.0m | −$1.1m | −$3.1m |
| Free cash flow | −$83.6m | −$80.3m | −$93.3m | −$92.6m | −$38.4m | −$11.1m | −$11.7m |
| Dividends paid | — | — | — | −$760,000 | −$135.6m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | −$1.0m | $3.1m | $3.6m | $4.6m | $7.5m | $6.0m | $4.5m | $4.7m |
| Operating income | −$30.3m | −$26.3m | −$26.5m | −$24.4m | −$25.9m | −$24.0m | −$25.0m | −$27.6m |
| Net income | −$23.8m | −$13.0m | −$27.1m | −$25.9m | −$25.3m | −$15.2m | −$30.6m | −$22.4m |
| Diluted earnings per share | -0.11 | -0.06 | -0.15 | -0.14 | -0.14 | -0.08 | -0.17 | -0.12 |
| Cash from operations | −$8.0m | −$18.0m | −$18.0m | −$14.0m | −$14.0m | −$26.0m | −$13.0m | −$9.0m |
| Capital spending | −$6.0m | −$1.0m | −$3.0m | — | −$2.0m | −$2.0m | −$4.0m | −$2.0m |
| Free cash flow | −$14.0m | −$19.0m | −$21.0m | — | −$16.0m | −$28.0m | −$17.0m | −$11.0m |
| Total assets | $527.1m | $554.7m | $457.8m | $416.1m | $398.0m | $419.4m | $448.3m | $470.9m |
| Cash and short-term investments | $242.4m | $255.4m | $250.8m | $251.2m | $230.9m | $240.9m | $118.2m | $132.0m |
| Debt | $913,000 | $1.0m | $1.0m | $836,000 | $812,000 | $866,000 | $1.1m | $1.0m |
| Shareholders' equity | $501.7m | $525.5m | $415.7m | $381.5m | $370.8m | $397.1m | $410.3m | $439.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.7% | 65.6% | — |
| Operating income | 19.5% | 54.1% | — |
| Net income | 113.8% | 45.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -492.2% | -500.7% | -459.9% | — |
| Net margin | -453.4% | -372.8% | -344.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -8.4 | -3.5 | -3.9 | -46.8 | 55.5 |
| Price to sales | 36.2 | 16.9 | 14.9 | 38.1 | 433.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 282% | -12% | -39% | -75% | -12% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 9 Dec 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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