T 
51.63
+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
$490.7m
FY2016FY2025
Net income
−$25.5m
FY2016FY2025
Free cash flow
−$20.4m
FY2016FY2025
Shareholders' equity
$114.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $490.7m | $233.2m | $145.2m | $109.5m | $131.8m | $198.3m | $175.3m | $164.2m | $154.9m | $133.6m |
| Gross profit | $480.4m | $225.4m | $133.8m | $105.0m | $128.0m | $192.2m | $170.1m | $158.7m | $151.3m | $129.0m |
| Research and development | $206.0m | $282.7m | $245.0m | $227.3m | $201.2m | $131.8m | $141.0m | $123.8m | $78.2m | $70.9m |
| Operating income | −$62.8m | −$323.8m | −$388.1m | −$326.2m | −$198.7m | −$169.7m | −$99.8m | −$80.0m | −$56.5m | −$58.2m |
| Net income | −$25.5m | −$321.5m | −$111.4m | −$278.5m | −$180.1m | −$169.4m | −$146.4m | −$102.7m | −$59.7m | −$47.9m |
| Diluted earnings per share | -0.28 | -3.87 | -1.46 | -4.34 | -2.92 | -3.31 | -3.36 | -2.49 | -1.49 | -1.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $605.2m | $594.1m | $788.9m | $672.6m | $776.6m | $607.4m | $604.8m | $709.2m | $520.3m | $525.3m |
| Cash and short-term investments | $322.8m | $370.7m | $566.9m | $450.2m | $552.9m | $361.6m | $398.5m | $471.5m | $300.6m | $255.9m |
| Total liabilities | $490.4m | $535.0m | $588.1m | $629.7m | $474.5m | $396.2m | $383.6m | $390.9m | $227.2m | $217.5m |
| Debt | $317.6m | $379.0m | $377.3m | $375.5m | $226.6m | $215.3m | $204.9m | $217.5m | $45.1m | $44.4m |
| Shareholders' equity | $114.8m | $59.1m | $200.8m | $42.9m | $302.1m | $211.2m | $221.2m | $318.3m | $293.1m | $307.8m |
| Shares outstanding | 90m | 83m | 76m | 64m | 62m | 51m | 44m | 41m | 40m | 39m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $37.8m | −$237.5m | −$280.0m | −$186.3m | −$14.8m | −$42.7m | −$58.2m | −$25.0m | $7.4m | −$1.6m |
| Capital spending | −$58.2m | −$101.2m | −$41.6m | −$28.4m | −$24.2m | −$119.8m | −$15.6m | −$19.7m | −$14.0m | −$11.9m |
| Free cash flow | −$20.4m | −$338.7m | −$321.6m | −$214.7m | −$38.9m | −$162.6m | −$73.8m | −$44.7m | −$6.6m | −$13.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $169.6m | $127.2m | $129.7m | $164.9m | $114.4m | $81.7m | $74.8m | $62.9m |
| Gross profit | $167.4m | $100.4m | $127.1m | $163.3m | $112.9m | $77.1m | $72.2m | $61.3m |
| Operating income | $4.0m | −$36.9m | −$32.4m | $24.9m | −$12.6m | −$42.7m | −$60.7m | −$56.1m |
| Net income | −$34.8m | −$37.1m | $2.7m | $25.7m | −$12.8m | −$41.2m | −$60.3m | −$54.8m |
| Diluted earnings per share | -0.37 | -0.40 | 0.03 | 0.28 | -0.14 | -0.46 | -0.73 | -0.66 |
| Cash from operations | $58.0m | −$40.0m | $60.0m | $14.0m | $4.0m | −$42.0m | −$35.0m | −$42.0m |
| Capital spending | −$22.0m | −$22.0m | −$18.0m | — | — | −$11.0m | −$9.0m | −$8.0m |
| Free cash flow | $36.0m | −$62.0m | $42.0m | — | — | −$53.0m | −$44.0m | −$50.0m |
| Total assets | $799.4m | $555.2m | $605.2m | $538.6m | $555.3m | $548.8m | $594.1m | $504.4m |
| Cash and short-term investments | $489.2m | $264.7m | $322.8m | $254.5m | $319.5m | $322.2m | $370.7m | $277.4m |
| Debt | $608.9m | $318.1m | $317.6m | $317.1m | $385.4m | $384.9m | $384.4m | $383.9m |
| Shareholders' equity | $24.5m | $98.7m | $114.8m | $73.6m | $32.7m | $32.8m | $59.1m | −$30.5m |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 97.9% | 96.7% | 92.1% | 96.0% | 97.1% | 96.9% |
| Operating margin | -7.9% | -132.7% | -251.2% | -292.5% | -149.6% | -85.6% |
| Net margin | -5.2% | -137.9% | -76.7% | -254.4% | -136.6% | -85.4% |
| Return on equity | -22.2% | -544.3% | -55.5% | -649.9% | -59.6% | -80.2% |
| Return on assets | -4.2% | -54.1% | -14.1% | -41.4% | -23.2% | -27.9% |
| Free cash flow yield | 2.1% | -3.3% | -6.2% | -4.9% | 0.3% | 3.0% |
| Revenue growth | 110.5% | 60.5% | 32.7% | -17.0% | -33.5% | 13.1% |
| Earnings growth | -92.1% | 188.6% | -60.0% | 54.6% | 6.3% | 15.7% |
| Current ratio | 2.74x | 2.08x | 3.47x | 3.42x | 4.70x | 4.43x |
| Debt to equity | 2.77x | 6.51x | 1.90x | 8.87x | 0.76x | 1.02x |
| Equity ratio | 19.0% | 9.9% | 25.5% | 6.4% | 38.9% | 34.8% |
| Interest coverage | -3.58x | -27.66x | -32.18x | -29.07x | -10.02x | -8.91x |
| R&D as a share of sales | 42.0% | 121.2% | 168.7% | 207.7% | 152.6% | 66.4% |
| Buybacks as a share of market value | -8.7% | -8.7% | -19.1% | -4.2% | -20.2% | -17.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 64.9% | 19.9% | 17.3% |
| Operating income | -42.2% | -18.0% | 2.2% |
| Net income | -54.9% | -31.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 97.5% | 96.5% | 96.6% | 96.8% |
| Operating margin | -53.4% | -112.5% | -112.3% | -89.1% |
| Net margin | -47.9% | -75.3% | -83.0% | -65.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -135.1 | -4.5 | -6.2 | -2.9 | -6.3 | -4.9 | -2.5 | -5.4 | -8.4 | -9.2 |
| Price to sales | 7.0 | 6.2 | 4.7 | 7.3 | 8.6 | 4.2 | 2.1 | 3.4 | 3.2 | 3.3 |
Market value over time
31 Oct 2016 to 26 Oct 2026, in USD
$697.5m$4.67bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 105% | 93% | -24% | -35% | 10% | 90% | -37% | 2% | 16% | 1% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 9-to-1 reverse split · 8 Nov 2011
- 100-to-1 reverse split · 24 Jun 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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