S 
10.61
+10.29%
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
$102.5m
FY2016FY2025
Net income
−$191.1m
FY2016FY2025
Free cash flow
−$178.9m
FY2016FY2025
Shareholders' equity
−$132.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $102.5m | $62.0m | $153.7m | $67.8m | $61.9m | $42.7m | $42.7m | $38.4m | $51.7m | $59.7m |
| Research and development | $166.4m | $252.0m | $180.4m | $137.2m | $104.4m | $77.0m | $65.6m | $54.3m | $54.6m | $43.5m |
| Operating income | −$153.0m | −$238.5m | −$89.3m | −$128.9m | −$98.5m | −$71.1m | −$55.5m | −$37.2m | −$19.3m | $1.4m |
| Net income | −$191.1m | −$227.5m | −$106.8m | −$119.2m | −$105.5m | −$32.1m | −$55.7m | −$35.3m | −$19.7m | $1.7m |
| Diluted earnings per share | -22.26 | -27.56 | -17.50 | -20.99 | -22.86 | -0.87 | -24.03 | -1.54 | -28.14 | 38.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $173.8m | $387.2m | $470.7m | $406.9m | $341.4m | $394.1m | $156.4m | $223.1m | $40.8m | $69.3m |
| Cash and short-term investments | $141.4m | $316.9m | $375.6m | $334.4m | $197.9m | $368.1m | $117.9m | $204.5m | $22.0m | $47.5m |
| Total liabilities | $306.3m | $342.6m | $321.1m | $189.9m | $88.8m | $62.1m | $58.6m | $91.6m | $149.8m | $160.2m |
| Debt | $7.8m | — | $4.1m | $16.3m | $25.1m | $24.5m | $9.9m | $14.7m | $16.3m | $1.2m |
| Shareholders' equity | −$132.5m | $44.6m | $149.6m | $217.0m | $252.6m | $332.0m | $97.8m | $131.5m | −$109.0m | −$90.9m |
| Shares outstanding | 9m | 8m | 6m | 6m | 5m | 37m | 2m | 23m | 1m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$177.2m | −$191.5m | −$111.6m | $3.5m | −$81.7m | −$67.8m | −$65.0m | $12.7m | −$37.1m | −$13.2m |
| Capital spending | −$1.7m | −$3.1m | −$4.3m | −$7.9m | −$15.3m | −$7.1m | −$3.5m | −$1.6m | −$3.3m | −$4.4m |
| Free cash flow | −$178.9m | −$194.6m | −$115.9m | −$4.3m | −$97.0m | −$74.9m | −$68.5m | $11.1m | −$40.4m | −$17.5m |
| Dividends paid | — | — | — | −$463,000 | — | −$314,000 | −$297,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.8m | $14.5m | $11.6m | $9.7m | $63.7m | $17.4m | $14.8m | $8.5m |
| Operating income | −$29.9m | −$29.7m | −$36.5m | −$46.5m | −$3.3m | −$47.5m | −$65.3m | −$67.9m |
| Net income | −$38.5m | −$38.5m | −$46.8m | −$56.9m | −$11.5m | −$76.0m | −$72.4m | −$48.8m |
| Diluted earnings per share | -2.33 | -2.32 | -5.45 | -6.62 | -1.34 | -8.85 | -8.78 | -5.91 |
| Cash from operations | −$38.0m | −$42.0m | −$26.0m | −$38.0m | −$44.0m | −$67.0m | −$71.0m | −$64.0m |
| Capital spending | — | — | — | — | — | −$1.0m | −$1.0m | — |
| Free cash flow | — | — | — | — | — | −$68.0m | −$72.0m | — |
| Total assets | $194.5m | $242.0m | $173.8m | $209.7m | $262.4m | $321.4m | $387.2m | $451.8m |
| Cash and short-term investments | $164.3m | $202.6m | $141.4m | $167.6m | $205.1m | $249.0m | $316.9m | $388.3m |
| Debt | $6.7m | $7.6m | $7.8m | $8.0m | $8.1m | $7.8m | $7.5m | $7.2m |
| Shareholders' equity | −$103.3m | −$66.9m | −$132.5m | −$87.3m | −$32.1m | −$25.8m | $44.6m | $111.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.1% | 9.4% | — |
| Operating income | 5.9% | 16.6% | — |
| Net income | 17.0% | 42.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.4 | -1.6 | -2.5 | -4.2 | -161.5 | -1.8 | -23.0 |
| Price to sales | 1.6 | 3.2 | 1.2 | 4.6 | 7.6 | 134.3 | 2.4 | 22.0 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | -26% | -53% | -46% | -53% | -30% | 242% | 18% | -40% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 3 Dec 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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