C 
0.15
+3.57%
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
$96,000
FY2018FY2025
Net income
−$88.2m
FY2018FY2025
Free cash flow
−$263.4m
FY2018FY2025
Shareholders' equity
$157.6m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $96,000 | — | $307,000 | $9.4m | $6.3m | $1.8m | $710,000 | $9,000 |
| Research and development | $70.9m | $69.9m | $190.4m | $351.6m | $287.2m | $132.0m | $63.6m | $32.3m |
| Operating income | −$118.7m | −$325.9m | −$300.4m | −$489.1m | −$411.4m | −$174.1m | −$87.3m | −$45.5m |
| Net income | −$88.2m | −$354.3m | −$280.5m | −$472.0m | −$732.7m | −$177.9m | −$84.8m | −$45.0m |
| Diluted earnings per share | -0.37 | -1.52 | -1.22 | -2.09 | -3.30 | -0.84 | -0.58 | -0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $205.3m | $593.0m | $794.2m | $1.07bn | $1.40bn | $346.6m | $96.5m | — |
| Cash and short-term investments | $144.0m | $539.2m | $729.0m | $994.8m | $1.34bn | $312.4m | $64.1m | — |
| Total liabilities | $47.8m | $221.3m | $74.6m | $119.8m | $69.3m | $87.3m | $22.2m | — |
| Debt | $20.0m | $24.3m | $42.5m | $53.5m | $10.7m | $11.0m | $5.3m | — |
| Shareholders' equity | $157.6m | $371.7m | $719.6m | $954.5m | $1.33bn | −$405.5m | −$219.4m | — |
| Shares outstanding | 241m | 233m | 231m | 226m | 222m | 212m | 147m | 147m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$257.4m | −$184.7m | −$265.9m | −$329.9m | −$259.0m | −$103.8m | −$76.3m | −$42.8m |
| Capital spending | −$6.0m | −$1.6m | −$3.1m | −$13.9m | −$13.7m | −$4.6m | −$10.5m | −$10.0m |
| Free cash flow | −$263.4m | −$186.2m | −$268.9m | −$343.8m | −$272.8m | −$108.5m | −$86.8m | −$52.9m |
| Dividends paid | −$132.8m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $49,000 | $34,000 | $13,000 | — | — | — | — | — |
| Operating income | −$43.6m | −$20.7m | −$28.5m | −$25.9m | −$46.0m | −$205.3m | −$34.1m | −$40.5m |
| Net income | −$40.2m | −$7.9m | −$17.8m | −$22.3m | −$61.8m | −$201.3m | −$37.5m | −$53.6m |
| Diluted earnings per share | -0.17 | -0.03 | -0.07 | -0.09 | -0.27 | -0.87 | -0.16 | -0.23 |
| Cash from operations | −$28.0m | −$11.0m | −$188.0m | −$28.0m | −$54.0m | −$28.0m | — | — |
| Capital spending | — | — | −$3.0m | — | −$1.0m | — | — | — |
| Free cash flow | — | — | −$191.0m | — | −$55.0m | — | — | — |
| Total assets | $205.3m | $364.7m | $376.4m | $565.0m | $593.0m | $659.1m | $681.9m | — |
| Cash and short-term investments | $144.0m | $306.1m | $318.1m | $509.9m | $539.2m | $603.8m | $633.4m | — |
| Debt | $6.2m | $6.7m | $5.9m | $6.2m | $6.3m | $6.2m | $5.6m | — |
| Shareholders' equity | $157.6m | $329.2m | $336.0m | $351.5m | $371.7m | $433.5m | $632.1m | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -78.3% | -44.6% | — |
| Operating income | -37.6% | -7.4% | — |
| Net income | -42.8% | -13.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -0.6 | -0.1 | -0.0 | -0.0 | -0.3 |
| Price to sales | — | — | 31.2 | 1.9 | 32.7 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 87% | 115% | -41% | -91% | -20% |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 15 Dec 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.006 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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