35.50
-3.40%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue, before interest expense
$1.44bn
FY2016FY2025
Net income
$19.4m
FY2016FY2025
Total assets
$915.0m
FY2016FY2025
Shareholders' equity
$383.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | $1.44bn | $1.29bn | $1.11bn | $905.2m | $699.0m | $502.0m | $383.9m | $304.0m | $242.7m | $188.2m |
| Research and development | $37.8m | $31.3m | $21.4m | $25.1m | $16.9m | $9.9m | $7.0m | $5.8m | $9.8m | $9.5m |
| Operating income | $35.8m | −$7.5m | −$33.0m | −$39.9m | −$35.2m | −$4.3m | −$1.9m | $264,000 | −$2.6m | −$6.8m |
| Net income | $19.4m | −$9.6m | −$44.7m | −$44.7m | −$35.5m | −$5.8m | −$1.8m | −$927,000 | −$1.5m | −$6.9m |
| Diluted earnings per share | 0.45 | -0.23 | -1.07 | -1.09 | -0.88 | -0.15 | -0.05 | -0.03 | -0.05 | -0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $915.0m | $806.9m | $782.9m | $671.6m | $562.6m | $498.3m | $257.2m | $207.5m | $105.9m | $82.3m |
| Cash and short-term investments | $370.7m | $307.4m | $277.2m | $222.4m | $213.4m | $229.7m | $98.9m | $81.1m | $63.3m | $53.2m |
| Total liabilities | $531.1m | $483.6m | $479.2m | $366.3m | $230.4m | $158.3m | $120.4m | $78.3m | $57.4m | $37.6m |
| Debt | $111.8m | $128.9m | $128.9m | $69.5m | — | — | $26.1m | $12.9m | $9.3m | $4.8m |
| Shareholders' equity | $383.9m | $323.3m | $303.7m | $305.3m | $332.2m | $339.9m | $136.8m | $129.2m | $48.4m | $44.7m |
| Shares outstanding | 44m | 42m | 42m | 41m | 40m | 38m | 36m | 34m | 30m | 29m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | $392.9m | $384.0m | $376.9m | $366.9m | $353.6m | $342.0m | $337.3m | $327.5m |
| Operating income | $9.2m | $7.8m | $6.3m | $9.4m | $2.3m | −$1.5m | $348,000 | $1.7m |
| Net income | $6.8m | $4.9m | $5.6m | $5.9m | $9.4m | −$1.5m | $1.7m | $1.4m |
| Diluted earnings per share | 0.16 | 0.11 | 0.13 | 0.13 | 0.22 | -0.03 | 0.04 | 0.03 |
| Total assets | $930.8m | $921.6m | $915.0m | $880.2m | $847.8m | $837.2m | $806.9m | $816.1m |
| Cash and short-term investments | $398.5m | $383.7m | $370.7m | $348.5m | $319.6m | $321.8m | $307.4m | $293.1m |
| Debt | $106.9m | $109.3m | $111.8m | $114.5m | $114.5m | $128.9m | $128.9m | $128.9m |
| Shareholders' equity | $409.7m | $394.8m | $383.9m | $368.6m | $355.5m | $333.7m | $323.3m | $320.2m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 2.5% | 0.4% | -3.0% | -4.4% | -5.0% | -0.9% | — | — |
| Net margin | 1.4% | -0.7% | -4.0% | -4.9% | -5.1% | -1.2% | — | — |
| Return on equity | 5.1% | -3.0% | -14.7% | -14.6% | -10.7% | -1.7% | — | — |
| Return on assets | 2.1% | -1.2% | -5.7% | -6.7% | -6.3% | -1.2% | — | — |
| Revenue growth | 11.9% | 16.0% | 22.5% | 29.5% | 39.2% | 30.8% | — | — |
| Earnings growth | -301.7% | -78.4% | 0.0% | 25.7% | 508.4% | 222.8% | — | — |
| Current ratio | 1.07x | 1.71x | 1.63x | 1.62x | 1.75x | 2.24x | — | — |
| Debt to equity | 0.29x | 0.40x | 0.42x | 0.23x | — | — | 0.19x | 0.10x |
| Equity ratio | 42.0% | 40.1% | 38.8% | 45.5% | 59.0% | 68.2% | — | — |
| Interest coverage | 2.60x | 0.34x | -2.73x | -9.36x | -3521.00x | -3.15x | — | — |
| R&D as a share of sales | 2.6% | 2.4% | 1.9% | 2.8% | 2.4% | 2.0% | — | — |
| Buybacks as a share of market value | -3.4% | -1.1% | -1.9% | -1.3% | -6.8% | -4.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.7% | 23.4% | 25.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.0% | -0.9% | -1.4% | -1.6% |
| Net margin | 0.4% | -1.7% | -2.0% | -2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 83.8 | -210.9 | -18.5 | -28.3 | -97.4 | -503.1 | -488.2 | -600.6 | -382.0 | -42.7 |
| Price to sales | 1.1 | 1.6 | 0.7 | 1.4 | 5.0 | 5.8 | 2.3 | 1.8 | 2.4 | 1.6 |
Market value over time
30 Dec 2016 to 4 Nov 2026, in USD
$445.9m$1.48bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -23% | 139% | -34% | -61% | 6% | 220% | 54% | -23% | 93% | 72% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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