T 
15.31
+6.84%
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
−$42.8m
FY2016FY2025
Free cash flow
−$42.1m
FY2016FY2025
Shareholders' equity
$183.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$132,000 | −$147,000 | −$123,000 | −$43,000 | −$50,000 | −$47,000 | −$39,000 | −$23,000 | — | −$4,000 |
| Research and development | $33.5m | $39.4m | $23.7m | $19.8m | $23.0m | $22.3m | $19.3m | $14.1m | $6.1m | $6.9m |
| Operating income | −$49.3m | −$51.5m | −$33.9m | −$29.9m | −$32.8m | −$32.5m | −$26.6m | −$18.4m | −$8.2m | −$8.6m |
| Net income | −$42.8m | −$47.9m | −$29.1m | −$29.2m | −$33.9m | −$32.8m | −$26.1m | −$20.5m | −$12.9m | −$11.1m |
| Diluted earnings per share | -0.29 | -0.45 | -0.29 | -0.30 | -1.57 | -1.77 | -1.46 | -1.16 | -1.02 | -0.69 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $193.4m | $110.9m | $89.4m | $123.0m | $38.5m | $47.1m | $60.0m | $20.5m | $22.2m | $8.4m |
| Cash and short-term investments | $188.3m | $107.6m | $83.0m | $120.5m | $36.8m | $45.0m | $57.3m | $17.2m | $22.0m | $8.3m |
| Total liabilities | $10.2m | $11.3m | $6.9m | $15.6m | $21.4m | $19.8m | $5.5m | $3.2m | $7.5m | $25.8m |
| Debt | — | $31,000 | $153,000 | $9.2m | $14.6m | $14.2m | — | $1.1m | $5.3m | $24.5m |
| Shareholders' equity | $183.2m | $99.6m | $82.5m | $107.5m | $17.1m | $27.3m | $54.5m | $17.3m | $14.8m | −$17.4m |
| Shares outstanding | 146m | 106m | 99m | 98m | 22m | 19m | 18m | 18m | 13m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$42.1m | −$38.3m | −$31.7m | −$28.2m | −$28.9m | −$29.0m | −$23.1m | −$18.3m | −$8.0m | −$11.2m |
| Capital spending | −$12,000 | −$35,000 | −$137,000 | −$159,000 | −$159,000 | −$32,000 | −$9,000 | −$158,000 | −$13,000 | −$13,000 |
| Free cash flow | −$42.1m | −$38.3m | −$31.8m | −$28.3m | −$29.1m | −$29.0m | −$23.1m | −$18.4m | −$8.0m | −$11.2m |
| Dividends paid | — | — | — | — | — | — | −$2.2m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $146,000 | — |
| Gross profit | — | −$34,000 | −$31,000 | — | −$38,000 | −$37,000 | −$38,000 | −$36,000 |
| Operating income | −$20.5m | −$14.9m | −$10.2m | −$13.9m | −$13.7m | −$11.5m | −$12.2m | −$14.1m |
| Net income | −$17.8m | −$13.2m | −$8.3m | −$11.8m | −$12.3m | −$10.3m | −$11.4m | −$13.2m |
| Diluted earnings per share | -0.11 | -0.08 | -0.06 | -0.08 | -0.08 | -0.07 | -0.11 | -0.12 |
| Cash from operations | −$17.0m | −$16.0m | −$7.0m | −$10.0m | −$10.0m | −$13.0m | −$9.0m | −$9.0m |
| Capital spending | — | — | −$13.0m | — | — | −$13.0m | — | — |
| Free cash flow | — | — | −$20.0m | — | — | −$26.0m | — | — |
| Total assets | $330.5m | $179.6m | $193.4m | $199.4m | $208.3m | $107.0m | $110.9m | $68.9m |
| Cash and short-term investments | $318.9m | $171.8m | $188.3m | $194.9m | $203.9m | $103.3m | $107.6m | $65.5m |
| Debt | $329,000 | $318,000 | $307,000 | $296,000 | $286,000 | $276,000 | $285,000 | $297,000 |
| Shareholders' equity | $321.5m | $172.1m | $183.2m | $189.8m | $198.5m | $99.5m | $99.6m | $59.0m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Return on equity | -23.3% | -48.1% | -35.2% | -27.1% | -198.8% | -120.1% | — |
| Return on assets | -22.1% | -43.2% | -32.5% | -23.7% | -88.2% | -69.5% | — |
| Free cash flow yield | -2.1% | -2.6% | -2.3% | -2.1% | -9.8% | -11.5% | — |
| Earnings growth | -10.8% | 64.8% | -0.3% | -14.1% | 3.6% | 25.8% | — |
| Current ratio | 19.66x | 10.41x | 15.03x | 9.15x | 2.98x | 8.33x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.09x | 0.86x | 0.52x | — |
| Equity ratio | 94.7% | 89.9% | 92.3% | 87.4% | 44.4% | 57.9% | — |
| Interest coverage | — | -11984.25x | -73.42x | -38.34x | -27.25x | -71.25x | -43.25x |
| Buybacks as a share of market value | -37.3% | -6.6% | -1.4% | -354.1% | -16.5% | -4.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 18.2% | 8.7% | — |
| Net income | 13.6% | 5.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -42.6 | -9.1 | -4.6 | -6.5 | -0.5 | -1.4 | -2.6 |
Market value over time
31 May 2019 to 2 Nov 2026, in USD
$109.9m$2.13bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | 194% | 219% | -37% | 202% | -77% | -23% | -51% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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