S 
49.34
+5.99%
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
—
FY2018FY2025
Net income
−$39.0m
FY2018FY2025
Free cash flow
−$33.3m
FY2018FY2025
Shareholders' equity
$42.5m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $4.9m | $10.1m | $2.0m | — | — | — | — |
| Gross profit | −$21,000 | $4.9m | $10.1m | −$429,000 | −$381,000 | −$102,000 | −$12,000 | −$1,000 |
| Research and development | $19.5m | $46.4m | $49.4m | $35.2m | $30.7m | $23.9m | $10.8m | $8.4m |
| Operating income | −$36.5m | −$56.2m | −$52.0m | −$47.3m | −$41.9m | −$29.4m | −$13.1m | −$10.0m |
| Net income | −$39.0m | −$53.0m | −$47.9m | −$46.2m | −$42.3m | −$29.5m | −$13.2m | −$9.9m |
| Diluted earnings per share | -50.83 | -94.19 | -89.84 | -75.38 | -69.35 | -48.89 | -22.37 | -4.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $53.0m | $45.2m | $103.9m | $85.6m | $126.5m | $162.9m | $4.7m | $4.8m |
| Cash and short-term investments | $48.9m | $38.8m | $96.3m | $79.1m | $89.0m | $157.2m | $3.9m | $4.1m |
| Total liabilities | $10.5m | $16.4m | $27.4m | $17.2m | $15.1m | $13.5m | $35.3m | $22.6m |
| Debt | $736,000 | $2.8m | $4.6m | $6.3m | $6.5m | $6.4m | $4.4m | — |
| Shareholders' equity | $42.5m | $28.8m | $76.5m | $68.5m | $111.4m | $149.4m | −$30.6m | −$17.8m |
| Shares outstanding | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$33.3m | −$56.0m | −$33.3m | −$41.7m | −$35.9m | −$27.5m | −$12.6m | −$8.6m |
| Capital spending | — | — | −$7,000 | −$8,000 | −$93,000 | −$74,000 | −$4,000 | −$4,000 |
| Free cash flow | −$33.3m | −$56.0m | −$33.3m | −$41.7m | −$36.0m | −$27.6m | −$12.6m | −$8.6m |
| Dividends paid | — | — | −$169,000 | — | −$423,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $697,000 | $697,000 | $602,000 |
| Gross profit | — | — | −$5,000 | — | — | $697,000 | — | $602,000 |
| Operating income | −$16.5m | −$12.0m | −$14.6m | −$8.2m | −$2.7m | −$14.5m | −$24.1m | −$9.4m |
| Net income | −$16.2m | −$12.3m | −$14.6m | −$8.2m | −$2.1m | −$14.0m | −$23.6m | −$8.7m |
| Diluted earnings per share | -6.68 | -5.05 | -19.11 | -10.71 | -2.70 | -18.32 | -41.84 | -15.40 |
| Cash from operations | −$22.0m | −$8.0m | −$6.0m | −$5.0m | −$8.0m | −$12.0m | −$20.0m | −$9.0m |
| Total assets | $102.9m | $56.2m | $53.0m | $15.3m | $21.8m | $31.6m | $45.2m | $65.1m |
| Cash and short-term investments | $96.3m | $54.1m | $48.9m | $10.7m | $16.4m | $25.6m | — | $60.1m |
| Debt | $7.4m | $6.8m | $317,000 | $848,000 | $1.2m | $1.6m | $124,000 | $2.4m |
| Shareholders' equity | $83.7m | $34.6m | $42.5m | $5.4m | $13.2m | $15.3m | $28.8m | $51.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -8.3% | 4.4% | — |
| Net income | -5.5% | 5.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -6.4 | -7.3 | -3.3 | -14.4 | -111.7 |
| Price to sales | — | 69.2 | 34.8 | 76.8 | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -86% | 57% | 54% | -76% | -79% | 22% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 75-to-1 reverse split · 7 Aug 2025
- 75-to-1 reverse split · 5 Aug 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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