S 
5.05
+4.55%
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
—
FY2016FY2025
Net income
−$118.8m
FY2016FY2025
Free cash flow
−$101.1m
FY2016FY2025
Shareholders' equity
$203.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $1,000 | $257,000 | — | — | — | $400,000 |
| Gross profit | −$245,000 | −$78.0m | −$44.3m | −$27.9m | −$29.0m | −$34.8m | −$38.8m | −$526,000 | −$363,000 | $400,000 |
| Research and development | $81.4m | $78.0m | $44.3m | $27.9m | $29.0m | $35.0m | $38.8m | $37.2m | $18.5m | $8.2m |
| Operating income | −$123.5m | −$103.2m | −$60.0m | −$38.8m | −$40.7m | −$48.1m | −$79.0m | −$70.0m | −$32.3m | −$10.8m |
| Net income | −$118.8m | −$95.9m | −$54.7m | −$38.1m | −$43.0m | −$49.6m | −$78.2m | −$61.5m | −$29.8m | −$10.9m |
| Diluted earnings per share | -0.53 | -0.48 | -0.30 | -0.25 | -0.28 | -0.82 | -1.78 | -1.71 | -1.04 | -3.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $253.4m | $212.9m | $177.6m | $139.8m | $176.6m | $97.7m | $136.2m | $152.3m | $159.6m | $28.9m |
| Cash and short-term investments | $235.7m | $196.3m | $162.3m | $125.9m | $161.2m | $82.2m | $121.8m | $110.8m | $94.3m | $13.4m |
| Total liabilities | $50.3m | $41.4m | $37.2m | $32.0m | $32.1m | $33.4m | $34.5m | $152.3m | $40.3m | $64.8m |
| Debt | $29.9m | $26.6m | $26.3m | $26.1m | $25.7m | $25.1m | $25.1m | $24.6m | $15.3m | $4.5m |
| Shareholders' equity | $203.1m | $171.4m | $140.4m | $107.8m | $144.5m | $64.4m | $101.7m | $108.2m | $119.3m | −$35.9m |
| Shares outstanding | 222m | 198m | 180m | 153m | 153m | 60m | 44m | 36m | 29m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$101.0m | −$89.1m | −$51.1m | −$34.6m | −$40.1m | −$39.8m | −$45.1m | −$39.3m | −$28.2m | −$8.4m |
| Capital spending | −$22,000 | −$25,000 | −$296,000 | −$9,000 | −$57,000 | −$3.3m | −$148,000 | −$141,000 | −$495,000 | −$8,000 |
| Free cash flow | −$101.1m | −$89.1m | −$51.4m | −$34.6m | −$40.1m | −$43.1m | −$45.3m | −$39.4m | −$28.7m | −$8.4m |
| Dividends paid | — | — | — | — | — | −$2.1m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $272,000 | — |
| Gross profit | — | −$66,000 | −$40,000 | −$20.6m | −$385,000 | −$905,000 | −$70,000 | −$20.3m |
| Operating income | −$41.0m | −$39.0m | −$33.4m | −$30.3m | −$31.4m | −$28.4m | −$31.2m | −$26.4m |
| Net income | −$40.2m | −$37.3m | −$32.2m | −$29.6m | −$30.4m | −$26.6m | −$29.0m | −$24.2m |
| Diluted earnings per share | -0.16 | -0.15 | -0.14 | -0.13 | -0.14 | -0.12 | -0.15 | -0.12 |
| Cash from operations | −$29.0m | −$33.0m | −$25.0m | −$22.0m | −$26.0m | −$27.0m | −$23.0m | −$22.0m |
| Total assets | $192.1m | $221.6m | $253.4m | $140.9m | $163.8m | $189.3m | $212.9m | $238.8m |
| Cash and short-term investments | $173.0m | $202.8m | $235.7m | $124.4m | $146.4m | $172.5m | $196.3m | $219.4m |
| Debt | — | $30.1m | $29.9m | $29.8m | $29.7m | $29.6m | $26.7m | $26.7m |
| Shareholders' equity | $143.7m | $176.0m | $203.1m | $94.4m | $120.5m | $147.8m | $171.4m | $199.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 47.1% | 20.7% | 12.1% |
| Net income | 46.0% | 19.1% | 11.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.3 | -6.3 | -15.4 | -6.2 | -4.4 | -1.4 | -2.5 | -0.5 | -1.5 |
| Price to sales | — | — | — | — | — | 269.8 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 101% | -36% | 219% | 24% | -12% | -14% | 145% | -62% | 87% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 70-to-1 reverse split · 28 Apr 2017
- 25-to-1 reverse split · 26 Apr 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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