S 
19.75
+0.10%
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
$559,000
FY2016FY2025
Net income
−$88.6m
FY2016FY2025
Free cash flow
−$62.3m
FY2016FY2025
Shareholders' equity
$62.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $559,000 | $43.3m | $25.4m | $17.7m | $12.4m | $5.5m | $244,000 | — | $16,000 | $770,000 |
| Research and development | $67.8m | $67.9m | $44.0m | $35.5m | $30.8m | $20.2m | $13.3m | $9.7m | $7.9m | $8.7m |
| Operating income | −$89.8m | −$63.3m | −$49.6m | −$49.8m | −$45.8m | −$35.8m | −$22.9m | −$20.6m | −$14.4m | −$11.9m |
| Net income | −$88.6m | −$45.3m | −$43.3m | −$41.0m | −$39.4m | −$32.5m | −$19.6m | −$18.4m | −$1.6m | −$8.4m |
| Diluted earnings per share | -1.88 | -2.91 | -3.28 | -3.43 | -1.33 | -1.13 | -0.74 | -0.78 | -0.07 | -0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $131.4m | $161.9m | $119.4m | $107.5m | $96.2m | $86.0m | $46.1m | $38.9m | $55.0m | $55.8m |
| Cash and short-term investments | $85.1m | $117.7m | $68.8m | $71.1m | $73.5m | $37.4m | $33.5m | $26.5m | $43.1m | $39.0m |
| Total liabilities | $69.1m | $54.8m | $97.5m | $85.4m | $87.7m | $76.9m | $25.2m | $3.8m | $2.7m | $1.6m |
| Debt | $178,000 | $93,493 | $456,000 | $446,000 | $137,000 | $341,000 | $287,000 | — | — | — |
| Shareholders' equity | $62.3m | $107.1m | $22.0m | $22.1m | $8.5m | $9.1m | $20.9m | $35.1m | $52.4m | $54.2m |
| Shares outstanding | 47m | 16m | 13m | 12m | 30m | 29m | 26m | 24m | 23m | 23m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$62.3m | −$54.1m | −$39.4m | −$57.0m | $9.2m | −$10.8m | $1.7m | −$16.8m | −$9.6m | −$10.1m |
| Capital spending | −$55,000 | −$168,607 | −$45,000 | −$545,000 | −$1.8m | −$514,000 | −$9,000 | −$188,000 | −$173,000 | −$537,000 |
| Free cash flow | −$62.3m | −$54.2m | −$39.4m | −$57.6m | $7.4m | −$11.3m | $1.7m | −$16.9m | −$9.8m | −$10.6m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $421,292 | $34,000 | $159,000 | $307,198 | $183,706 | $24.3m | $1.1m | $598,000 |
| Operating income | −$15.0m | −$12.5m | −$26.2m | −$32.9m | −$36.8m | −$3.1m | −$22.5m | −$18.3m |
| Net income | −$14.9m | −$11.8m | −$21.0m | −$37.5m | −$36.9m | $14.2m | −$27.0m | −$15.6m |
| Diluted earnings per share | -0.32 | -0.25 | -0.44 | -0.79 | -0.78 | 0.91 | -1.74 | -1.00 |
| Cash from operations | −$15.0m | −$17.0m | −$10.0m | −$21.0m | −$12.0m | −$17.0m | −$19.0m | −$5.0m |
| Total assets | $115.1m | $131.4m | $146.8m | $165.2m | $185.3m | $161.9m | $169.4m | $188.6m |
| Cash and short-term investments | $70.1m | $85.1m | $102.2m | $114.2m | $136.5m | $117.7m | $129.0m | $149.6m |
| Debt | $186,000 | $178,000 | $85,000 | — | $60,000 | $93,493 | $139,000 | $184,000 |
| Shareholders' equity | $49.4m | $62.3m | $74.1m | $94.2m | −$112.7m | $107.1m | $94.5m | $112.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -68.4% | -36.7% | — |
| Operating income | 21.7% | 20.1% | 24.8% |
| Net income | 29.3% | 22.2% | 29.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -349.3% | -290.7% | -319.0% | — |
| Net margin | -305.6% | -251.3% | -277.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -3.2 | -2.4 | -3.4 | -2.8 | -11.4 | -12.3 |
| Price to sales | — | 2.5 | 5.7 | 6.5 | 36.1 | 73.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -2% | -40% | 20% | -41% | 29% | -6% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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