22.74
+5.77%
Close of 9 Nov 2026, in USD
Search any instrument
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
$62.4m
FY2019FY2025
Net income
−$101.6m
FY2019FY2025
Free cash flow
−$139.9m
FY2019FY2025
Shareholders' equity
$346.2m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $62.4m | $42.1m | $36.5m | $24.9m | $37.0m | $7.7m | $24.6m |
| Research and development | $132.2m | $143.9m | $115.2m | $105.9m | $77.6m | $50.0m | $32.3m |
| Operating income | −$111.3m | −$145.6m | −$114.2m | −$111.1m | −$58.2m | −$52.2m | −$15.2m |
| Net income | −$101.6m | −$130.3m | −$101.7m | −$108.2m | −$58.2m | −$52.0m | −$14.1m |
| Diluted earnings per share | -0.87 | -1.20 | -1.06 | -1.23 | -0.67 | -0.59 | -0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $398.7m | $316.5m | $402.6m | $436.5m | $500.2m | $207.3m | $55.8m |
| Cash and short-term investments | $343.1m | $257.9m | $336.9m | $366.1m | $485.3m | $190.3m | $40.4m |
| Total liabilities | $52.5m | $117.0m | $149.5m | $187.0m | $155.4m | $168.7m | $47.9m |
| Debt | $2.7m | — | — | — | — | — | $655,000 |
| Shareholders' equity | $346.2m | $199.5m | $253.1m | $249.5m | $344.7m | $38.6m | $7.9m |
| Shares outstanding | 116m | 109m | 96m | 88m | 88m | 87m | 87m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$138.9m | −$131.5m | −$118.0m | −$109.1m | −$59.5m | $70.1m | −$24.8m |
| Capital spending | −$1.0m | −$754,000 | −$1.5m | −$7.7m | −$1.8m | −$1.1m | −$1.8m |
| Free cash flow | −$139.9m | −$132.3m | −$119.5m | −$116.8m | −$61.4m | $69.0m | −$26.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $53.8m | $3.2m | $5.4m | $4.1m | $11.6m |
| Operating income | −$59.8m | −$48.8m | −$41.9m | $14.1m | −$41.0m | −$42.5m | −$40.9m | −$32.9m |
| Net income | −$55.3m | −$45.5m | −$38.7m | $15.9m | −$38.9m | −$39.9m | −$37.7m | −$29.2m |
| Diluted earnings per share | -0.37 | -0.30 | -0.33 | 0.14 | -0.33 | -0.34 | -0.35 | -0.27 |
| Cash from operations | −$38.0m | −$44.0m | −$29.0m | −$30.0m | −$36.0m | −$41.0m | −$36.0m | −$33.0m |
| Total assets | $1.07bn | $435.8m | $398.7m | $210.1m | $237.9m | $274.3m | $316.5m | $352.4m |
| Cash and short-term investments | $1.01bn | $379.8m | $343.1m | $152.8m | $180.8m | $216.7m | $257.9m | $293.3m |
| Debt | $2.9m | $2.8m | $2.7m | $3.1m | $2.5m | $2.8m | $2.5m | $2.9m |
| Shareholders' equity | $1.02bn | $391.5m | $346.2m | $160.0m | $135.0m | $166.8m | $199.5m | $229.2m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -162.8% | -309.2% | -278.2% | -446.8% | -157.1% | -678.8% |
| Net margin | -162.9% | -309.7% | -278.5% | -435.1% | -157.2% | -678.8% |
| Return on equity | -29.3% | -65.3% | -40.2% | -43.4% | -16.9% | -134.6% |
| Return on assets | -25.5% | -41.2% | -25.3% | -24.8% | -11.6% | -25.1% |
| Free cash flow yield | -5.2% | -5.3% | -5.4% | -5.1% | -2.9% | 3.6% |
| Revenue growth | 48.3% | 15.2% | 46.9% | -32.9% | 383.8% | -68.9% |
| Earnings growth | -22.0% | 28.1% | -5.9% | 85.8% | 12.1% | 268.7% |
| Current ratio | 16.32x | 6.98x | 7.54x | 6.76x | 12.10x | 4.73x |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.02x |
| Equity ratio | 86.8% | 63.0% | 62.9% | 57.2% | 68.9% | 18.6% |
| Interest coverage | — | — | — | -37.66x | -50.87x | — |
| R&D as a share of sales | 211.9% | 342.1% | 315.4% | 426.0% | 209.6% | 653.0% |
| Buybacks as a share of market value | -6.9% | -13.4% | -8.9% | -0.5% | -0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 35.9% | 52.1% | — |
| Operating income | 0.1% | 16.3% | — |
| Net income | -2.1% | 14.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -245.9% | -290.7% | -281.4% | — |
| Net margin | -222.0% | -266.4% | -262.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -10.1 | -2.6 | -5.8 | -3.7 | -10.3 | -12.0 |
| Price to sales | 16.5 | 8.0 | 16.2 | 16.1 | 16.2 | 81.8 |
Market value over time
30 Sept 2020 to 30 Oct 2026, in USD
$906.2m$3.41bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 203% | -56% | 31% | -27% | -3% | 8% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 11 Aug 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.