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At a glance
Figures in USD, from our data supplier.
Revenue
$107.5m
FY2016FY2025
Net income
$105.9m
FY2016FY2025
Free cash flow
$238.5m
FY2016FY2025
Shareholders' equity
$296.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $107.5m | $64.4m | $57.4m | $51.3m | $55.3m | $71.9m | $73.4m | $60.4m | $15.4m | $48.6m |
| Research and development | $37.4m | $38.0m | $46.3m | $70.1m | $201.5m | $261.0m | $219.2m | $201.3m | $173.9m | $141.7m |
| Operating income | −$13.2m | −$46.9m | −$56.0m | −$92.0m | −$237.6m | −$294.8m | −$251.9m | −$238.8m | −$263.2m | −$180.5m |
| Net income | $105.9m | −$56.4m | −$55.2m | $872.1m | −$199.4m | −$278.0m | −$236.5m | −$215.5m | −$285.4m | −$190.7m |
| Diluted earnings per share | 2.00 | -1.14 | -1.12 | 12.94 | -2.70 | -4.36 | -4.21 | -3.95 | -5.39 | -3.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $485.6m | $354.2m | $382.0m | $607.4m | $374.8m | $469.1m | $408.8m | $560.2m | $441.4m | $639.3m |
| Cash and short-term investments | $315.4m | $88.3m | $102.4m | $327.5m | $173.5m | $292.9m | $280.8m | $505.3m | $348.6m | $501.1m |
| Total liabilities | $188.8m | $178.6m | $169.0m | $165.6m | $713.4m | $772.8m | $632.7m | $611.8m | $326.2m | $289.0m |
| Debt | $10.9m | $30.3m | $27.8m | — | $616.3m | $619.2m | $455.0m | $454.4m | $223.7m | $222.7m |
| Shareholders' equity | $296.7m | $175.5m | $213.0m | $441.8m | −$338.6m | −$303.8m | −$223.8m | −$51.6m | $115.2m | $350.2m |
| Shares outstanding | 53m | 49m | 49m | 67m | 74m | 64m | 56m | 55m | 53m | 50m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $238.5m | −$11.5m | −$27.0m | −$187.0m | −$207.9m | −$250.4m | −$238.2m | −$112.9m | −$201.1m | −$99.0m |
| Capital spending | −$42,000 | −$332,000 | −$2.5m | −$572,000 | −$3.4m | −$6.6m | −$3.2m | −$7.2m | −$2.4m | −$2.1m |
| Free cash flow | $238.5m | −$11.9m | −$29.5m | −$187.6m | −$211.3m | −$257.0m | −$241.4m | −$120.1m | −$203.5m | −$101.1m |
| Dividends paid | — | — | — | −$802,000 | — | −$385.1m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.7m | $17.7m | $45.9m | $20.0m | $26.2m | $15.4m | $18.8m | $16.9m |
| Operating income | −$8.3m | −$5.8m | $17.6m | −$6.5m | −$2.7m | −$14.4m | −$9.2m | −$10.8m |
| Net income | −$5.9m | −$4.9m | $61.0m | $3.6m | $54.8m | −$13.6m | −$15.5m | −$12.7m |
| Diluted earnings per share | -0.11 | -0.10 | 1.15 | 0.07 | 1.03 | -0.26 | -0.31 | -0.26 |
| Cash from operations | −$8.0m | $73.0m | −$6.0m | −$6.0m | $208.0m | $43.0m | — | −$5.0m |
| Total assets | $469.8m | $472.3m | $485.6m | $415.5m | $426.0m | $343.6m | $354.2m | $356.1m |
| Cash and short-term investments | $387.7m | $394.7m | $315.4m | $329.7m | $338.8m | $130.9m | $88.3m | $91.4m |
| Debt | $27.8m | $10.8m | $10.9m | $10.9m | $10.9m | $10.8m | $10.7m | $4.2m |
| Shareholders' equity | $289.8m | $290.6m | $296.7m | $232.7m | $224.8m | $166.0m | $175.5m | $185.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.9% | 8.4% | 9.8% |
| Operating income | -47.6% | -46.2% | -23.0% |
| Net income | -50.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -35.0% | -74.2% | -181.6% | -286.7% |
| Net margin | 28.8% | 308.8% | 95.4% | -111.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.4 | -8.2 | -10.1 | 0.9 | -4.1 | -4.1 | -6.1 | -6.5 | -5.2 | -8.3 |
| Price to sales | 9.2 | 7.2 | 9.7 | 14.7 | 14.8 | 15.8 | 19.8 | 23.1 | 95.9 | 32.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 87% | -12% | 5% | -1% | -44% | -22% | 3% | -14% | -13% | 94% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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