S 
1.07
+3.88%
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
$59.6m
FY2016FY2025
Net income
$8.6m
FY2016FY2025
Free cash flow
−$12.6m
FY2016FY2025
Shareholders' equity
$59.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.6m | $48.0m | $103.8m | $48.6m | $3.1m | $9.3m | $4.7m | $4.0m | $2.0m | $335,000 |
| Research and development | $38.5m | $96.8m | $51.4m | $47.6m | $64.5m | $67.0m | $65.8m | $33.9m | $32.9m | $26.3m |
| Operating income | −$24,000 | −$73.4m | $21.5m | −$43.8m | −$88.2m | −$79.1m | −$63.2m | −$42.8m | −$41.7m | −$33.2m |
| Net income | $8.6m | −$68.6m | $22.8m | −$46.4m | −$89.8m | −$77.5m | −$60.2m | −$41.7m | −$46.1m | −$25.5m |
| Diluted earnings per share | 0.14 | -1.27 | 0.43 | -0.95 | -2.79 | -2.83 | -3.16 | -2.35 | -3.44 | -3.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $68.9m | $110.5m | $182.4m | $124.8m | $171.1m | $153.5m | $106.1m | $129.0m | $93.5m | $13.8m |
| Cash and short-term investments | $40.3m | $52.9m | $76.3m | $109.1m | $146.4m | $126.9m | $82.0m | $115.4m | $87.3m | $10.3m |
| Total liabilities | $9.9m | $64.4m | $75.5m | $48.9m | $82.8m | $21.4m | $31.5m | $13.2m | $8.5m | $7.4m |
| Debt | $2.0m | — | — | — | $48.4m | — | — | — | — | — |
| Shareholders' equity | $59.0m | $46.1m | $106.9m | $75.9m | $88.3m | $132.0m | $74.6m | $115.9m | $85.0m | $10.2m |
| Shares outstanding | 59m | 54m | 53m | 49m | 32m | 27m | 19m | 18m | 13m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$12.6m | −$23.4m | −$33.0m | −$7.7m | −$64.3m | −$85.9m | −$50.0m | −$39.6m | −$39.1m | −$29.0m |
| Capital spending | — | — | — | — | −$64.3m | −$157,000 | −$314,000 | −$2.4m | −$27,000 | −$830,000 |
| Free cash flow | −$12.6m | −$23.4m | −$33.0m | −$7.7m | −$128.7m | −$86.0m | −$50.3m | −$42.1m | −$39.1m | −$29.8m |
| Dividends paid | — | — | — | −$54.5m | −$47.5m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $258,000 | $39.7m | $3.0m | $11.8m | $5.9m | $15.0m | $13.5m |
| Operating income | −$9.9m | −$7.5m | $31.4m | −$7.9m | −$2.4m | −$14.7m | −$21.7m | −$18.6m |
| Net income | −$9.6m | −$7.2m | $31.5m | −$7.4m | −$1.7m | −$13.9m | −$20.9m | −$17.1m |
| Diluted earnings per share | -0.16 | -0.12 | 0.53 | -0.12 | -0.03 | -0.23 | -0.39 | -0.32 |
| Cash from operations | −$5.0m | $15.0m | −$8.0m | $17.0m | −$17.0m | −$4.0m | −$23.0m | $12.0m |
| Total assets | $52.8m | $59.0m | $68.9m | $54.2m | $62.1m | $77.7m | $110.5m | $135.2m |
| Cash and short-term investments | $50.8m | $56.1m | $40.3m | $48.6m | $31.2m | $48.9m | $52.9m | $76.3m |
| Debt | $2.0m | $2.0m | $2.0m | $1.9m | $1.8m | $1.8m | $1.7m | $1.7m |
| Shareholders' equity | $44.2m | $52.9m | $59.0m | $26.5m | $32.8m | $33.8m | $46.1m | $65.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.1% | 44.9% | — |
| Operating income | -91.8% | -80.2% | -46.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -68.2% | -36.8% | -96.6% | — |
| Net margin | -55.8% | -32.2% | -92.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.1 | -0.8 | 3.4 | -1.8 | -2.1 | -2.5 | -1.1 | -0.9 | -1.2 |
| Price to sales | 2.3 | 1.2 | 0.8 | 1.7 | 60.9 | 20.7 | 14.0 | 10.0 | 28.9 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 130% | -28% | -14% | -66% | -31% | 76% | 79% | -47% | -0% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Sept 2015.
| FY2015 | |
|---|---|
| Paid in the year | 0.045 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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