T 
21.89
+6.06%
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
−$74.2m
FY2016FY2025
Free cash flow
−$60.3m
FY2016FY2025
Shareholders' equity
$251.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | −$1.6m | −$617,000 | −$4.2m | −$1.4m | −$1.2m | −$850,000 | −$380,000 | −$45,000 | — |
| Research and development | $63.5m | $41.4m | $37.0m | $25.7m | $11.0m | $86.0m | $55.0m | $35.1m | $15.2m | $2.7m |
| Operating income | −$84.0m | −$58.0m | −$44.6m | −$32.8m | −$8.5m | −$120.2m | −$75.8m | −$46.2m | −$18.4m | −$4.6m |
| Net income | −$74.2m | −$58.0m | −$42.8m | −$32.2m | −$8.9m | −$119.7m | −$73.0m | −$46.4m | −$18.6m | −$4.7m |
| Diluted earnings per share | -4.05 | -3.92 | -11.51 | -8.82 | -2.45 | -37.29 | -27.68 | -23.38 | -9.35 | -2.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $261.0m | $152.9m | $39.4m | $47.2m | $32.9m | $271.2m | $200.5m | $133.5m | $7.0m | $5.4m |
| Cash and short-term investments | $253.8m | $141.2m | $28.8m | $36.0m | $28.1m | $259.7m | $187.0m | $126.3m | $6.0m | $5.4m |
| Total liabilities | $9.7m | $12.1m | $124.0m | $92.9m | $47.8m | $16.9m | $14.5m | $11.3m | $3.7m | $979,000 |
| Debt | $1.2m | $876,000 | $1.4m | $1.9m | $1.1m | — | — | — | — | — |
| Shareholders' equity | $251.3m | $140.8m | −$84.6m | −$45.7m | −$15.0m | $254.3m | $186.0m | $122.2m | $3.4m | $4.4m |
| Shares outstanding | 18m | 15m | 4m | 4m | 4m | 3m | 3m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$60.1m | −$59.1m | −$40.7m | −$97.2m | −$12.5m | −$98.8m | −$67.7m | −$37.6m | −$16.4m | −$3.3m |
| Capital spending | −$208,000 | −$156,000 | −$279,000 | −$267,000 | −$2.1m | −$1.2m | −$1.6m | −$1.8m | −$383,000 | — |
| Free cash flow | −$60.3m | −$59.2m | −$41.0m | −$97.5m | −$14.6m | −$100.0m | −$69.3m | −$39.5m | −$16.8m | −$3.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | −$340,000 | −$360,000 | −$508,000 | −$424,000 |
| Operating income | −$24.2m | −$27.3m | −$21.5m | −$21.9m | −$22.3m | −$18.3m | −$14.0m | −$19.6m |
| Net income | −$22.3m | −$25.2m | −$19.2m | −$19.0m | −$20.0m | −$15.9m | −$12.4m | −$17.7m |
| Diluted earnings per share | -1.18 | -1.33 | -1.05 | -1.04 | -1.09 | -0.87 | -0.84 | -1.20 |
| Cash from operations | −$21.0m | −$18.0m | −$14.0m | −$17.0m | −$14.0m | −$13.0m | −$16.0m | −$19.0m |
| Total assets | $237.0m | $246.6m | $261.0m | $277.0m | $295.3m | $314.8m | $152.9m | $168.7m |
| Cash and short-term investments | $227.1m | $236.9m | $253.8m | $268.4m | $287.4m | $306.2m | $141.2m | $159.1m |
| Debt | $1.6m | $1.4m | $1.2m | $1.1m | $1.8m | $2.3m | $2.8m | $1.9m |
| Shareholders' equity | $223.8m | $230.4m | $251.3m | $267.5m | $283.8m | $301.0m | $140.8m | $150.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 36.8% | -6.9% | — |
| Net income | 32.1% | -9.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.2 | -7.0 | -0.8 | -0.6 | -7.1 | -1.7 | -3.3 | -3.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | -28% | 165% | 77% | -69% | -74% | -24% | 11% | 19% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 12-to-1 reverse split · 21 Jun 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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