E 
4.69
-4.09%
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
$25.4m
FY2019FY2025
Net income
−$143.8m
FY2019FY2025
Free cash flow
−$129.6m
FY2019FY2025
Shareholders' equity
$306.1m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $25.4m | $210.8m | $129.0m | $25.3m | — | — | — |
| Gross profit | $21.3m | $210.8m | $129.0m | −$1.9m | −$1.1m | −$326,000 | −$104,000 |
| Research and development | $142.3m | $125.3m | $99.9m | $66.6m | $35.9m | $21.1m | $8.2m |
| Operating income | −$156.0m | $47.0m | −$3.2m | −$97.2m | −$51.1m | −$26.7m | −$11.8m |
| Net income | −$143.8m | $65.6m | −$6.7m | −$87.5m | −$50.1m | −$26.5m | −$4.6m |
| Diluted earnings per share | -3.47 | 1.52 | -0.20 | -2.79 | -2.41 | -1.30 | -4.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $377.4m | $526.3m | $469.2m | $252.1m | $305.8m | $43.5m | $18.2m |
| Cash and short-term investments | $295.7m | $420.0m | $352.0m | $188.7m | $291.1m | $39.0m | $16.8m |
| Total liabilities | $71.2m | $97.6m | $226.8m | $39.5m | $7.1m | $85.0m | $33.8m |
| Debt | $4.1m | — | — | — | — | — | — |
| Shareholders' equity | $306.1m | $428.7m | $242.4m | $212.6m | $298.7m | −$41.5m | −$15.5m |
| Shares outstanding | 41m | 43m | 33m | 31m | 21m | 20m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$128.5m | −$41.6m | $139.8m | −$93.8m | −$50.9m | −$25.6m | −$10.8m |
| Capital spending | −$1.0m | −$3.2m | −$5.6m | −$2.9m | −$4.6m | −$2.3m | −$630,000 |
| Free cash flow | −$129.6m | −$44.7m | $134.2m | −$96.7m | −$55.4m | −$27.9m | −$11.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $898,000 | $875,000 | $1.3m | $1.6m | $1.9m | $20.6m | $37.4m | $19.6m |
| Gross profit | $898,000 | $70,000 | $413,000 | −$36.7m | $1.9m | $20.6m | $37.4m | $19.6m |
| Operating income | −$45.0m | −$42.3m | −$42.2m | −$47.1m | −$46.8m | −$21.8m | −$5.9m | −$21.7m |
| Net income | −$42.8m | −$39.7m | −$39.2m | −$44.1m | −$43.1m | −$17.3m | $1.1m | −$14.0m |
| Diluted earnings per share | -1.01 | -0.94 | -0.95 | -1.07 | -1.04 | -0.42 | 0.03 | -0.33 |
| Cash from operations | −$32.0m | −$41.0m | −$32.0m | −$28.0m | −$29.0m | −$38.0m | −$31.0m | −$24.0m |
| Capital spending | — | — | — | — | — | −$1.0m | — | — |
| Free cash flow | — | — | — | — | — | −$39.0m | — | — |
| Total assets | $298.9m | $335.5m | $377.4m | $412.9m | $448.8m | $486.5m | $526.3m | $554.6m |
| Cash and short-term investments | $223.0m | $254.9m | $295.7m | $326.8m | $354.0m | $382.5m | $420.0m | $449.3m |
| Debt | $4.4m | $4.3m | $4.1m | $4.3m | $5.5m | $6.5m | $7.6m | $7.7m |
| Shareholders' equity | $233.4m | $270.9m | $306.1m | $340.7m | $379.5m | $417.3m | $428.7m | $422.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | — | — |
| Operating income | 17.1% | 42.4% | — |
| Net income | 18.0% | 40.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 98.3% | 92.0% | — | — |
| Operating margin | -46.1% | -53.6% | — | — |
| Net margin | -33.1% | -44.1% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -1.3 | 4.8 | -32.2 | -2.1 | -3.0 |
| Price to sales | 7.2 | 1.5 | 1.7 | 7.2 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -36% | 19% | -28% | 45% | -43% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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