P 
2.51
+9.13%
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.
Net income
−$57.4m
FY2016FY2025
Free cash flow
−$56.5m
FY2016FY2025
Shareholders' equity
$196.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$362,000 | −$332,000 | −$341,000 | −$247,000 | −$1.2m | −$196,000 | −$16,000 | −$115,000 | −$148,000 | −$123,000 |
| Research and development | $42.6m | $31.7m | $24.8m | $16.8m | $21.1m | $11.9m | $6.4m | $15.5m | $21.7m | $18.9m |
| Operating income | −$64.5m | −$49.2m | −$43.6m | −$67.1m | −$47.5m | −$34.4m | −$15.3m | −$26.1m | −$30.4m | −$28.7m |
| Net income | −$57.4m | −$44.6m | −$40.4m | −$66.0m | −$47.3m | −$34.0m | −$15.0m | −$25.4m | −$30.0m | −$28.5m |
| Diluted earnings per share | -1.25 | -1.69 | -3.56 | -5.85 | -4.21 | -3.03 | -2.70 | -9.81 | -68.10 | -69.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $209.5m | $181.5m | $79.0m | $113.3m | $172.6m | $203.2m | $7.0m | $23.5m | $44.0m | $43.5m |
| Cash and short-term investments | $155.6m | $170.3m | $65.6m | $84.4m | $91.2m | $168.6m | $6.2m | $21.9m | $42.1m | $41.3m |
| Total liabilities | $13.1m | $14.3m | $10.6m | $11.2m | $10.7m | $3.9m | $583,000 | $3.1m | $9.2m | $5.1m |
| Debt | $1.2m | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $196.4m | $167.1m | $68.3m | $102.1m | $161.9m | $199.2m | $6.4m | $20.4m | $34.7m | $38.4m |
| Shares outstanding | 46m | 26m | 11m | 11m | 11m | 11m | 6m | 3m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$56.4m | −$35.8m | −$37.6m | −$26.5m | −$34.5m | −$23.4m | −$15.6m | −$23.2m | −$22.4m | −$23.7m |
| Capital spending | −$94,000 | −$63,000 | −$45,000 | −$120,000 | −$596,000 | −$884,000 | −$16,000 | −$119,000 | −$35,000 | −$271,000 |
| Free cash flow | −$56.5m | −$35.9m | −$37.6m | −$26.6m | −$35.1m | −$24.3m | −$15.7m | −$23.4m | −$22.4m | −$24.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $332,000 | — |
| Gross profit | — | −$90,000 | −$93,000 | −$88,000 | −$98,000 | −$83,000 | $166,000 | −$84,000 |
| Operating income | −$23.3m | −$19.6m | −$19.1m | −$14.8m | −$16.6m | −$14.1m | −$14.3m | −$12.3m |
| Net income | −$21.7m | −$17.8m | −$17.3m | −$13.3m | −$15.0m | −$11.9m | −$12.8m | −$11.2m |
| Diluted earnings per share | -0.36 | -0.29 | -0.38 | -0.29 | -0.32 | -0.26 | -0.48 | -0.42 |
| Cash from operations | −$14.0m | −$21.0m | −$16.0m | −$12.0m | −$12.0m | −$14.0m | −$9.0m | −$8.0m |
| Total assets | $176.1m | $191.9m | $209.5m | $144.6m | $156.9m | $168.6m | $181.5m | $94.1m |
| Cash and short-term investments | $17.1m | $135.8m | $155.6m | $132.7m | $122.2m | $124.4m | $170.3m | $81.5m |
| Debt | $1.3m | $1.3m | $1.2m | $1.2m | $1.2m | $1.2m | $1.1m | $1.1m |
| Shareholders' equity | $161.3m | $181.2m | $196.4m | $132.3m | $144.4m | $158.5m | $167.1m | $81.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -1.3% | 13.4% | 12.0% |
| Net income | -4.5% | 11.1% | 10.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.3 | -3.1 | -0.5 | -0.5 | -1.6 | -8.0 | -6.1 | -9.3 | -1.1 | -1.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 0% | 167% | -34% | -57% | -73% | 120% | -85% | -2% | -10% | -41% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 10 Jan 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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