S 
9.55
+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
$172.4m
FY2016FY2025
Net income
−$285.4m
FY2016FY2025
Free cash flow
−$323.2m
FY2016FY2025
Shareholders' equity
$64.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $172.4m | $23.7m | — | $126.6m | $139.7m | $1.5m | $1.5m | $1.5m | $2.1m | $1.2m |
| Research and development | $258.8m | $241.6m | $163.0m | $118.5m | $88.2m | $50.4m | $43.0m | $60.1m | $48.2m | $31.7m |
| Operating income | −$274.4m | −$339.7m | −$230.0m | −$151.8m | $26.2m | −$71.4m | −$57.5m | −$75.9m | −$62.0m | −$43.8m |
| Net income | −$285.4m | −$318.8m | −$209.4m | −$143.7m | $24.9m | −$73.1m | −$56.0m | −$74.0m | −$60.8m | −$44.5m |
| Diluted earnings per share | -3.30 | -3.72 | -2.89 | -2.27 | 0.47 | -1.59 | -1.77 | -2.76 | -2.54 | -2.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $529.7m | $724.8m | $612.9m | $497.2m | $449.7m | $300.6m | $63.5m | $83.9m | $137.2m | $109.0m |
| Cash and short-term investments | $413.7m | $582.9m | $577.6m | $484.4m | $446.8m | $293.1m | $59.8m | $80.9m | $133.2m | $105.3m |
| Total liabilities | $465.1m | $436.7m | $58.7m | $29.8m | $41.3m | $48.4m | $31.9m | $30.9m | $32.9m | $24.9m |
| Debt | $344.4m | $343.7m | $22,000 | — | $19.9m | $20.1m | — | — | — | — |
| Shareholders' equity | $64.6m | $288.1m | $554.2m | $467.4m | $408.4m | $252.2m | $31.6m | $53.0m | $104.3m | $84.1m |
| Shares outstanding | 87m | 86m | 73m | 63m | 53m | 46m | 32m | 27m | 24m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$323.0m | −$274.9m | −$160.6m | −$133.7m | $29.1m | −$71.3m | −$50.6m | −$68.5m | −$47.4m | −$35.2m |
| Capital spending | −$187,000 | — | — | −$225,000 | −$129,000 | −$129,000 | −$129,000 | −$187,000 | −$84,000 | −$261,000 |
| Free cash flow | −$323.2m | −$274.9m | −$160.6m | −$133.9m | $29.0m | −$71.4m | −$50.7m | −$68.7m | −$47.5m | −$35.4m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −$2.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $72.8m | $64.9m | $68.5m | $45.9m | $38.0m | $20.0m | $7.7m | $12.5m |
| Operating income | −$40.4m | −$34.4m | −$62.7m | −$57.7m | −$69.9m | −$92.9m | −$96.4m | −$89.6m |
| Net income | −$49.4m | −$42.7m | −$68.0m | −$60.7m | −$71.8m | −$84.8m | −$94.2m | −$84.1m |
| Diluted earnings per share | -0.55 | -0.48 | -0.79 | -0.70 | -0.83 | -0.98 | -1.10 | -0.98 |
| Cash from operations | −$30.0m | −$50.0m | −$69.0m | −$70.0m | −$87.0m | −$95.0m | −$57.0m | −$62.0m |
| Total assets | $703.7m | $472.7m | $529.7m | $551.8m | $596.1m | $640.7m | $724.8m | $425.8m |
| Cash and short-term investments | $547.9m | $352.1m | $394.1m | $454.2m | $468.7m | $516.3m | $582.9m | $389.6m |
| Debt | $588.6m | $344.5m | $344.4m | $23.3m | $350,000 | $384,000 | $344.2m | $852,000 |
| Shareholders' equity | $15.1m | $41.6m | $64.6m | $115.4m | $157.4m | $215.1m | $288.1m | $366.4m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -146.0% | -1325.3% | — | -119.9% | 18.8% | -4708.2% | -3792.9% | — |
| Net margin | -165.6% | -1346.1% | — | -113.6% | 17.8% | -4816.7% | -3688.5% | — |
| Return on equity | -441.6% | -110.6% | -37.8% | -30.8% | 6.1% | -29.0% | — | — |
| Return on assets | -53.9% | -44.0% | -34.2% | -28.9% | 5.5% | -24.3% | — | — |
| Free cash flow yield | -27.3% | — | — | -15.5% | 4.0% | -11.3% | -11.7% | -18.7% |
| Revenue growth | 627.8% | — | — | -9.4% | 9109.6% | 0.0% | 0.0% | -28.0% |
| Earnings growth | -10.5% | 52.3% | 45.6% | -676.7% | -134.1% | 30.6% | — | — |
| Current ratio | 4.40x | 5.82x | 10.00x | 16.85x | 21.68x | 15.84x | — | — |
| Debt to equity | 5.33x | 1.19x | 0.00x | 0.00x | 0.05x | 0.08x | — | — |
| Equity ratio | 12.2% | 39.8% | 90.4% | 94.0% | 90.8% | 83.9% | — | — |
| Interest coverage | -7.45x | -63.67x | -1005.54x | -48.38x | 13.81x | -30.30x | — | — |
| R&D as a share of sales | 150.1% | 1020.5% | — | 93.6% | 63.2% | 3324.7% | 2834.1% | — |
| Buybacks as a share of market value | -1.0% | -18.3% | -14.8% | -18.8% | -15.5% | -45.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.8% | 157.7% | 75.4% |
| Operating income | 21.8% | 30.9% | 29.6% |
| Net income | 25.7% | 31.3% | 28.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -313.2% | — | — | — |
| Net margin | -308.2% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.4 | -3.6 | -7.5 | -11.2 | 46.7 | -14.0 | -5.0 | -1.6 | -3.5 | -2.9 |
| Price to sales | 10.6 | 47.9 | — | 12.7 | 8.3 | — | 183.1 | 78.6 | 99.5 | 106.9 |
Market value over time
30 Nov 2016 to 30 Oct 2026, in USD
$174.2m$1.21bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 53% | -35% | -12% | 11% | -20% | 230% | 91% | -47% | 0% | -34% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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