T 
70.84
+3.27%
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
$451.4m
FY2018FY2025
Net income
−$66.4m
FY2018FY2025
Free cash flow
−$22.3m
FY2018FY2025
Shareholders' equity
$343.4m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $451.4m | $183.0m | $17.4m | $25.8m | $57.0m | $33.4m | — | — |
| Gross profit | $420.7m | $170.1m | $15.9m | $24.9m | $55.0m | −$246,000 | −$74,000 | −$1,000 |
| Research and development | $64.3m | $53.4m | $50.3m | $42.6m | $41.7m | $18.8m | $3.2m | $901,000 |
| Operating income | −$71.0m | −$120.6m | −$143.2m | −$62.7m | −$12.2m | −$27.0m | −$4.6m | −$1.4m |
| Net income | −$66.4m | −$115.6m | −$135.9m | −$62.1m | −$13.8m | −$26.8m | −$4.7m | −$1.3m |
| Diluted earnings per share | -1.55 | -3.00 | -4.25 | -2.42 | -0.67 | -1.27 | -0.43 | -0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $562.2m | $377.0m | $265.5m | $227.9m | $178.9m | $172.0m | $58.3m | $2.4m |
| Cash and short-term investments | $417.3m | $291.4m | $227.4m | $217.0m | $171.8m | $168.1m | $58.0m | $2.4m |
| Total liabilities | $218.7m | $152.5m | $68.5m | $35.0m | $12.2m | $6.0m | $64.3m | $3.7m |
| Debt | $72.4m | $71.8m | $29.8m | $19.4m | — | — | — | — |
| Shareholders' equity | $343.4m | $224.5m | $197.0m | $192.9m | $166.7m | $166.0m | −$6.0m | −$1.4m |
| Shares outstanding | 43m | 39m | 32m | 26m | 21m | 21m | 11m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$12.5m | −$83.0m | −$117.5m | −$49.0m | $3.7m | −$21.1m | −$3.7m | −$1.2m |
| Capital spending | −$9.9m | −$1.6m | −$5.5m | −$506,000 | −$586,000 | −$456,000 | −$175,000 | −$7,000 |
| Free cash flow | −$22.3m | −$84.6m | −$123.0m | −$49.5m | $3.2m | −$21.6m | −$3.8m | −$1.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $173.9m | $162.1m | $151.7m | $118.7m | $102.7m | $78.3m | $66.4m | $48.1m |
| Gross profit | $161.8m | $152.7m | $140.7m | $94.1m | $96.4m | $73.1m | $61.5m | $44.9m |
| Operating income | −$19.9m | −$6.1m | −$8.0m | −$14.5m | −$22.2m | −$26.3m | −$24.4m | −$25.2m |
| Net income | −$18.6m | −$7.0m | −$8.4m | −$12.6m | −$20.3m | −$25.1m | −$23.1m | −$23.4m |
| Diluted earnings per share | -0.43 | -0.16 | -0.20 | -0.29 | -0.48 | -0.59 | -0.60 | -0.61 |
| Cash from operations | $66.0m | −$24.0m | $19.0m | $18.0m | −$29.0m | −$20.0m | −$22.0m | −$8.0m |
| Capital spending | −$4.0m | −$5.0m | −$6.0m | −$1.0m | −$1.0m | — | −$5.0m | — |
| Free cash flow | $62.0m | −$29.0m | $13.0m | $17.0m | −$30.0m | — | −$27.0m | — |
| Total assets | $611.1m | $581.1m | $562.2m | $534.6m | $495.0m | $500.8m | $377.0m | $376.3m |
| Cash and short-term investments | $449.7m | $388.7m | $417.3m | $401.8m | $381.1m | $407.9m | $291.4m | $317.0m |
| Debt | $72.8m | $72.6m | $72.4m | $72.4m | $72.4m | $72.4m | $72.5m | $72.3m |
| Shareholders' equity | $346.7m | $349.0m | $343.4m | $335.1m | $332.6m | $342.5m | $224.5m | $237.5m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 93.2% | 93.0% | 90.9% | 96.3% | 96.4% | 99.6% |
| Operating margin | -12.3% | -58.9% | -759.7% | -232.5% | -24.1% | -80.2% |
| Net margin | -14.7% | -63.2% | -778.9% | -240.5% | -24.2% | -80.2% |
| Return on equity | -19.3% | -51.5% | -69.0% | -32.2% | -8.3% | -16.2% |
| Return on assets | -11.8% | -30.7% | -51.2% | -27.2% | -7.7% | -15.6% |
| Free cash flow yield | -0.1% | -3.1% | -5.1% | -2.8% | 0.3% | -1.4% |
| Revenue growth | 146.7% | 948.6% | -32.4% | -54.7% | 70.6% | — |
| Earnings growth | -42.5% | -15.0% | 118.9% | 349.1% | -48.4% | 474.1% |
| Current ratio | 3.85x | 4.42x | 6.93x | 14.61x | 15.33x | 31.68x |
| Debt to equity | 0.21x | 0.32x | 0.15x | 0.10x | 0.01x | 0.00x |
| Equity ratio | 61.1% | 59.6% | 74.2% | 84.7% | 93.2% | 96.5% |
| Interest coverage | -6.20x | -14.46x | -41.10x | -29.08x | -4.78x | -142.61x |
| R&D as a share of sales | 14.3% | 29.2% | 288.4% | 165.1% | 73.1% | 56.3% |
| Buybacks as a share of market value | -11.0% | -20.7% | -24.4% | -24.5% | 2.1% | -93.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 159.5% | 68.3% | — |
| Operating income | 4.2% | 21.3% | — |
| Net income | 2.3% | 19.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 93.1% | 93.2% | 89.3% | — |
| Operating margin | -30.2% | -58.7% | -56.8% | — |
| Net margin | -28.7% | -56.1% | -54.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -52.7 | -18.5 | -4.8 | -6.1 | -33.6 | -32.5 |
| Price to sales | 7.8 | 11.7 | 37.1 | 14.6 | 8.1 | 26.1 |
Market value over time
30 Oct 2020 to 23 Oct 2026, in USD
$61.3m$2.96bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 47% | 175% | 36% | -41% | -45% | 115% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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