V 
2.87
+3.61%
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
$1.5m
FY2017FY2025
Net income
−$278.9m
FY2017FY2025
Free cash flow
−$438.2m
FY2017FY2025
Shareholders' equity
$274.0m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5m | $7.0m | $6.8m | $2.3m | $3.3m | $238,000 | $3.8m | $2.8m | $1.8m |
| Research and development | $80.5m | $152.7m | $295.1m | $314.2m | $149.4m | $154.4m | $132.9m | $116.7m | $93.1m |
| Operating income | −$283.1m | −$376.6m | −$531.5m | −$500.0m | −$319.5m | −$275.3m | −$213.3m | −$1.3m | −$140.0m |
| Net income | −$278.9m | −$346.7m | −$502.3m | −$500.2m | −$352.9m | −$644.9m | −$210.9m | $11.0m | $1.3m |
| Diluted earnings per share | -4.34 | -11.46 | -25.13 | -36.39 | -27.37 | -54.48 | -21.47 | 1.13 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $803.2m | $961.2m | $1.18bn | $1.14bn | $1.07bn | $804.0m | $605.5m | $704.8m | $693.6m |
| Cash and short-term investments | $307.0m | $563.2m | $874.0m | $909.0m | $629.4m | $665.9m | $480.4m | $462,162 | $696,382 |
| Total liabilities | $529.2m | $638.9m | $674.0m | $659.7m | $174.6m | $276.9m | $138.0m | $24.7m | $24.5m |
| Debt | $332.7m | $420.1m | $417.9m | $415.7m | — | $1.0m | $300,000 | — | — |
| Shareholders' equity | $274.0m | $322.3m | $505.5m | $480.2m | $894.3m | $527.1m | $467.6m | $680.0m | $669.1m |
| Shares outstanding | 64m | 30m | 20m | 14m | 13m | 12m | 10m | 10m | 194m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$240.1m | −$352.7m | −$448.2m | −$380.2m | −$230.8m | −$233.2m | −$203.6m | −$1.1m | −$652,695 |
| Capital spending | −$198.0m | −$121.9m | −$44.3m | −$16.5m | −$4.6m | −$17.2m | −$19.4m | −$10.6m | −$5.6m |
| Free cash flow | −$438.2m | −$474.6m | −$492.5m | −$396.7m | −$235.4m | −$250.4m | −$223.0m | −$11.7m | −$6.2m |
| Dividends paid | — | — | — | −$4.0m | −$23.4m | −$4.8m | −$48.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $134,000 | $227,000 | $312,000 | $365,000 | $406,000 | $461,000 | $429,000 | $402,000 |
| Operating income | −$64.9m | −$65.6m | −$60.9m | −$63.8m | −$69.9m | −$88.4m | −$82.0m | −$81.7m |
| Net income | −$55.9m | −$64.7m | −$62.7m | −$64.4m | −$67.3m | −$84.5m | −$76.4m | −$74.5m |
| Diluted earnings per share | -0.50 | -0.58 | -0.98 | -1.00 | -1.05 | -1.32 | -2.53 | -2.46 |
| Cash from operations | −$50.0m | −$53.0m | −$52.0m | −$56.0m | −$55.0m | −$75.0m | −$81.0m | −$79.0m |
| Capital spending | −$40.0m | −$39.0m | −$42.0m | −$51.0m | −$58.0m | −$46.0m | −$35.0m | −$38.0m |
| Free cash flow | −$90.0m | −$92.0m | −$94.0m | −$107.0m | −$113.0m | −$121.0m | −$116.0m | −$117.0m |
| Total assets | $816.3m | $750.2m | $803.2m | $853.5m | $898.8m | $903.9m | $961.2m | $1.02bn |
| Cash and short-term investments | $255.1m | $219.9m | $307.0m | $423.6m | $469.3m | $489.5m | $563.2m | $651.1m |
| Debt | $38.7m | $328.5m | $324.2m | $430.1m | $428.0m | $420.7m | $425.7m | $424.7m |
| Shareholders' equity | $396.1m | $223.7m | $274.0m | $225.9m | $263.4m | $272.2m | $322.3m | $366.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.6% | 45.3% | — |
| Operating income | -17.3% | 0.6% | — |
| Net income | -17.7% | -15.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.3 | -1.2 | -1.2 | -6.0 | -5.3 | -6.6 | 107.8 |
| Price to sales | 81.5 | 15.4 | 87.9 | 252.6 | — | — | 366.4 | 414.9 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | -47% | -88% | -31% | -73% | -44% | 130% | 8% | -0% | -1% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 17 Jun 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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