S 
0.18
-10.70%
Close of 5 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$154.3m
FY2016FY2025
Net income
−$97.3m
FY2016FY2025
Free cash flow
−$253.9m
FY2016FY2025
Shareholders' equity
$423.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $154.3m | $231.4m | $92.4m | $260.0m | $290.8m | $50.3m | $48.7m | $75.5m | $92.8m | $57.0m |
| Research and development | — | — | — | — | — | — | $4.6m | $16.0m | $11.6m | — |
| Operating income | −$98.6m | −$21.6m | −$4.8m | −$214.5m | −$43.1m | −$1.9m | −$5.5m | −$66.0m | −$36.6m | −$32.9m |
| Net income | −$97.3m | −$13.6m | −$3.7m | −$229.4m | −$49.3m | $4.4m | $1.5m | −$66.5m | −$36.6m | −$33.4m |
| Diluted earnings per share | -6.02 | -3.74 | -1.82 | -67.85 | -88.74 | 4.50 | 11.27 | -101.17 | -283.22 | -52.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $465.1m | $482.4m | $483.9m | $454.7m | $695.3m | $69.8m | $96.1m | $96.1m | $137.5m | $58.5m |
| Cash and short-term investments | $5.4m | $237.7m | $279.5m | $259.5m | $338.0m | $3.7m | $33.0m | $33.0m | $94.9m | $19.0m |
| Total liabilities | $41.9m | $46.7m | $61.5m | $46.0m | $61.7m | $9.5m | $95.2m | $95.2m | $78.5m | $44.5m |
| Debt | $2,000 | — | $377,000 | $921,000 | $2.8m | $3.6m | $43.5m | $3.0m | $6.6m | — |
| Shareholders' equity | $423.1m | $441.9m | $426.0m | $408.8m | $633.6m | $60.2m | $917,000 | $917,000 | $59.0m | $14.0m |
| Shares outstanding | 16m | 4m | 2m | 3m | 1m | 1m | 0m | 1m | 0m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$253.9m | −$63.6m | $9.7m | −$72.9m | −$218.6m | −$43.6m | −$14.9m | −$36.6m | −$5.7m | −$26.7m |
| Capital spending | −$38,000 | — | — | −$16.0m | −$33.0m | −$501,000 | −$68,000 | −$2.1m | −$2.2m | −$3.1m |
| Free cash flow | −$253.9m | −$63.6m | $9.7m | −$88.9m | −$251.6m | −$44.1m | −$15.0m | −$38.7m | −$7.9m | −$29.8m |
Latest quarters
By quarter end
| Sept 2026 | Mar 2026 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.8m | $64.7m | $89.6m | $44.8m | $170.9m | $85.5m | $60.5m | $30.3m |
| Operating income | −$14.3m | −$83.6m | −$15.0m | −$7.5m | −$6.5m | −$3.3m | −$15.1m | −$7.5m |
| Net income | −$34.5m | −$83.1m | −$14.2m | −$7.1m | −$2.7m | −$1.4m | −$10.9m | −$5.5m |
| Diluted earnings per share | -20.82 | -50.11 | -0.88 | -0.44 | -0.74 | -0.37 | -2.99 | -1.50 |
| Cash from operations | $223.0m | −$13.0m | −$240.0m | −$120.18bn | −$5.0m | −$5.0m | −$26.70bn | −$26.70bn |
| Capital spending | — | −$13.0m | −$240.0m | — | — | — | — | — |
| Free cash flow | — | −$26.0m | −$480.0m | — | — | — | — | — |
| Total assets | $440.7m | $465.1m | $492.1m | $492.1m | $482.4m | $482.4m | $525.0m | $525.0m |
| Cash and short-term investments | $233.1m | $5.4m | $4.4m | $4.4m | $237.7m | $237.7m | $246.9m | $246.9m |
| Debt | $2,000 | $2,000 | — | — | — | — | $95,000 | $95,000 |
| Shareholders' equity | $395.6m | $423.1m | $434.1m | $434.1m | $441.9m | $441.9m | $436.0m | $436.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.0% | 25.1% | 9.3% |
| Operating income | -22.8% | 120.5% | 14.1% |
| Net income | -24.9% | — | 12.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -31.2% | -46.0% | -35.6% | -39.0% |
| Net margin | -28.8% | -46.6% | -36.0% | -39.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.2 | -0.8 | -17.2 | -0.3 | -3.2 | 69.0 | 25.8 | -5.0 | -10.0 |
| Price to sales | 0.1 | 0.1 | 0.7 | 0.2 | 0.5 | 6.0 | 0.8 | 4.4 | 3.9 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | -52% | -88% | 12% | -92% | 16% | 73% | -72% | -80% | -11% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 8 Sept 2025
- 15-to-1 reverse split · 19 Nov 2024
- 50-to-1 reverse split · 6 Jul 2022
- 10-to-1 reverse split · 3 Dec 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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