T 
4.49
-5.27%
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
$13.1m
FY2016FY2025
Net income
−$124.0m
FY2016FY2025
Free cash flow
−$103.2m
FY2016FY2025
Shareholders' equity
$245.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.1m | $10.1m | $7.8m | $9.0m | — | $2.9m | — | — | — | — |
| Research and development | $44.5m | $40.4m | $86.7m | $81.9m | $68.8m | $36.2m | $18.2m | $17.6m | $13.3m | $28.5m |
| Operating income | −$125.7m | −$136.7m | −$118.4m | −$112.1m | −$92.3m | −$50.5m | −$28.8m | −$26.3m | −$21.3m | −$39.0m |
| Net income | −$124.0m | −$130.0m | −$116.7m | −$115.0m | −$92.2m | −$50.4m | −$28.4m | −$26.1m | −$21.1m | −$38.8m |
| Diluted earnings per share | -14.57 | -57.45 | -1,166,580.00 | -1,150,040.00 | -461,060.00 | -503,880.00 | — | — | — | — |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $277.2m | $162.9m | $154.5m | $225.7m | $240.9m | $98.2m | $14.6m | $26.3m | $26.8m | $27.5m |
| Cash and short-term investments | $207.6m | $98.8m | $24.9m | $120.2m | $178.7m | $77.1m | $11.2m | $25.0m | $25.5m | $26.1m |
| Total liabilities | $32.0m | $23.3m | $48.9m | $18.5m | $22.2m | $10.5m | $5.1m | $2.7m | $2.1m | $2.1m |
| Debt | $125,000 | $7.5m | $8.9m | — | — | — | — | — | — | — |
| Shareholders' equity | $245.2m | $139.6m | $105.5m | $207.2m | $218.7m | $87.6m | $9.4m | $23.7m | $24.6m | $25.4m |
| Shares outstanding | 9m | 2m | 0m | 0m | 0m | 0m | — | — | — | — |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$99.8m | −$60.9m | −$102.0m | −$98.1m | −$75.6m | −$48.6m | −$26.7m | −$24.0m | −$19.1m | −$37.3m |
| Capital spending | −$3.4m | −$120,000 | −$7.9m | −$48.1m | −$35.3m | −$8.6m | −$17,000 | −$6,000 | −$5,000 | −$66,000 |
| Free cash flow | −$103.2m | −$61.0m | −$109.9m | −$146.2m | −$110.9m | −$57.1m | −$26.7m | −$24.0m | −$19.1m | −$37.4m |
| Dividends paid | — | — | — | −$6.7m | — | −$451,000 | −$2.5m | −$3.3m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.5m | $6.9m | $5.4m | $3.3m | $2.0m | $2.4m | $2.6m | $2.8m |
| Operating income | −$42.5m | −$41.5m | −$48.3m | −$33.1m | −$28.3m | −$16.1m | −$22.5m | −$15.6m |
| Net income | −$40.6m | −$40.2m | −$46.9m | −$32.0m | −$28.3m | −$16.8m | −$22.1m | −$14.2m |
| Diluted earnings per share | -2.44 | -2.42 | -5.51 | -3.76 | -3.32 | -1.98 | -9.77 | -6.28 |
| Cash from operations | −$42.0m | −$42.0m | −$39.0m | −$30.0m | −$14.0m | −$16.0m | −$14.0m | −$18.0m |
| Capital spending | — | −$1.0m | −$1.0m | −$1.0m | −$2.0m | — | — | — |
| Free cash flow | — | −$43.0m | −$40.0m | −$31.0m | −$16.0m | — | — | — |
| Total assets | $254.1m | $257.9m | $277.2m | $252.4m | $187.4m | $192.9m | $162.9m | $95.0m |
| Cash and short-term investments | $176.2m | $185.5m | $207.6m | $190.1m | $125.3m | $131.7m | $98.8m | $28.2m |
| Debt | $250,000 | $162,000 | $125,000 | $159,000 | $195,000 | $235,000 | $4.9m | $8.3m |
| Shareholders' equity | $222.3m | $227.1m | $245.2m | $231.1m | $168.0m | $180.4m | $139.6m | $74.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.2% | 35.1% | — |
| Operating income | 3.9% | 20.0% | 10.1% |
| Net income | 2.5% | 19.7% | 9.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1131.0% | -1232.3% | — | — |
| Net margin | -1095.0% | -1214.4% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Price to earnings | -1.1 | -0.3 | -0.0 | -0.0 |
| Price to sales | 10.1 | 3.3 | — | 0.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 14% | -74% | -45% | -98% | -30% | 39% | -92% | -82% | -31% | -76% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 5 Feb 2025
- 32-to-1 reverse split · 10 Jun 2024
- 6.25-to-1 reverse split · 10 May 2023
- 32-to-1 reverse split · 17 May 2022
- 10-to-1 reverse split · 1 Nov 2019
- 10-to-1 reverse split · 28 Nov 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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