T 
1.41
+47.21%
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
—
FY2016FY2025
Net income
−$18.2m
FY2016FY2025
Free cash flow
−$23.5m
FY2016FY2025
Shareholders' equity
$20.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $7.1m | $21.0m | $41.9m | $23.0m | $135.1m | $19.9m | $13.5m | $900,000 | $100,000 |
| Research and development | $18.0m | $32.8m | $108.4m | $91.8m | $82.6m | $107.7m | $113.7m | $75.2m | $48.1m | $48.4m |
| Operating income | −$26.7m | −$55.8m | −$121.5m | −$87.5m | −$89.1m | $5.4m | −$111.7m | −$77.4m | −$59.5m | −$58.4m |
| Net income | −$18.2m | −$70.9m | −$118.5m | −$85.5m | −$88.4m | $8.4m | −$106.4m | −$74.0m | −$58.1m | −$57.3m |
| Diluted earnings per share | -1.94 | -46.51 | -12.67 | -85.47 | -88.44 | 8.41 | -89.77 | -74.22 | -67.03 | -75.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $32.1m | $43.8m | $27.0m | $45.1m | $247.1m | $271.2m | $233.0m | $190.8m | $97.0m | $63.8m |
| Cash and short-term investments | $30.8m | $37.9m | $22.9m | $43.7m | $167.0m | $180.9m | $155.0m | $161.4m | $92.6m | $58.3m |
| Total liabilities | $11.1m | $48.4m | $89.1m | $90.1m | $19.5m | $22.2m | $46.2m | $57.2m | $10.2m | $13.1m |
| Debt | $201,000 | $44.4m | $368,000 | $2.4m | $3.7m | $5.3m | — | — | — | — |
| Shareholders' equity | $20.9m | −$4.6m | −$62.1m | −$45.1m | $227.5m | $249.0m | $186.7m | $133.6m | $86.8m | $50.7m |
| Shares outstanding | 9m | 2m | 9m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$23.5m | −$60.9m | −$92.1m | −$17.9m | −$60.1m | −$5.5m | −$109.2m | −$22.3m | −$54.8m | −$47.4m |
| Capital spending | — | −$1.0m | −$2.4m | −$50,000 | −$39,000 | −$349,000 | −$20,000 | −$70,000 | −$60,000 | −$720,000 |
| Free cash flow | −$23.5m | −$62.0m | −$94.5m | −$17.9m | −$60.1m | −$5.8m | −$109.3m | −$22.4m | −$54.9m | −$48.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $2.6m | $1.5m | $2.6m |
| Operating income | −$6.6m | −$7.1m | −$7.6m | −$5.9m | −$8.9m | −$2.0m | −$10.8m | −$5.7m |
| Net income | −$6.5m | −$6.8m | −$7.3m | −$5.5m | $4.2m | −$4.9m | −$12.7m | −$5.5m |
| Diluted earnings per share | -0.69 | -0.73 | -0.78 | -0.59 | 0.44 | -0.52 | -8.34 | -3.62 |
| Cash from operations | −$9.0m | −$5.0m | −$5.0m | −$4.0m | −$8.0m | −$7.0m | −$4.0m | −$13.0m |
| Total assets | $17.5m | $25.8m | $32.1m | $39.0m | $43.8m | $27.8m | $43.8m | $51.3m |
| Cash and short-term investments | $15.8m | $25.0m | $30.8m | $36.5m | $41.0m | $22.3m | $37.9m | $43.5m |
| Debt | $123,000 | $120,000 | $116,000 | $113,000 | $109,000 | $106,000 | $30.3m | $3.4m |
| Shareholders' equity | $8.4m | $14.5m | $20.9m | $27.9m | $32.9m | −$15.1m | −$4.6m | $707,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -32.6% | — | 0.6% |
| Net income | -40.3% | — | -3.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -0.0 | -0.2 | -0.2 | -0.3 | 1.9 | -0.2 | -0.2 | -0.2 | -0.1 |
| Price to sales | — | 0.4 | 1.2 | 0.5 | 1.0 | 0.1 | 1.0 | 1.0 | 12.1 | 43.6 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 156% | -58% | -89% | -8% | 50% | -11% | 29% | 4% | 126% | -45% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-to-1 reverse split · 16 Apr 2025
- 12-to-1 reverse split · 31 Dec 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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