T 
135.34
+12.05%
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
$376.6m
FY2016FY2025
Net income
−$77.7m
FY2016FY2025
Free cash flow
−$75.6m
FY2016FY2025
Shareholders' equity
$473.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $376.6m | $313.0m | $245.1m | $203.6m | $132.3m | $90.1m | $54.4m | $25.4m | $10.8m | $2.3m |
| Gross profit | $191.0m | $133.3m | $89.7m | $84.2m | $51.7m | $28.7m | $7.0m | −$6.8m | −$13.3m | −$7.2m |
| Research and development | $80.3m | $90.9m | $106.9m | $120.3m | $69.1m | $43.0m | $35.7m | $20.3m | $19.2m | $18.2m |
| Operating income | −$136.3m | −$220.8m | −$217.2m | −$249.0m | −$152.7m | −$140.1m | −$108.8m | −$70.7m | −$58.5m | −$43.6m |
| Net income | −$77.7m | −$208.7m | −$204.6m | −$217.9m | −$152.1m | −$139.9m | −$107.7m | −$71.2m | −$59.3m | −$44.1m |
| Diluted earnings per share | -1.27 | -3.53 | -3.56 | -3.86 | -3.05 | -3.04 | -3.27 | -2.61 | -3.16 | -22.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $641.9m | $614.3m | $776.4m | $961.4m | $702.1m | $398.9m | $187.0m | $115.8m | $85.7m | $76.5m |
| Cash and short-term investments | $232.4m | $276.4m | $336.4m | $505.0m | $477.9m | $290.0m | $138.1m | $80.8m | $62.2m | $55.9m |
| Total liabilities | $168.9m | $141.6m | $153.0m | $172.0m | $121.3m | $62.6m | $34.9m | $317.2m | $219.0m | $153.1m |
| Debt | — | — | — | — | $1.6m | $4.7m | $7.7m | $300.8m | $209.4m | $145.6m |
| Shareholders' equity | $473.0m | $472.7m | $623.4m | $789.4m | $580.8m | $336.3m | $152.1m | −$201.4m | −$133.4m | −$76.6m |
| Shares outstanding | 61m | 59m | 57m | 56m | 50m | 46m | 33m | 27m | 19m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$47.6m | −$64.1m | −$142.5m | −$124.4m | −$112.2m | −$142.3m | −$87.9m | −$66.2m | −$51.3m | −$38.6m |
| Capital spending | −$28.0m | −$5.1m | −$27.8m | −$101.9m | −$27.1m | −$9.9m | −$14.8m | −$3.7m | −$6.6m | −$6.2m |
| Free cash flow | −$75.6m | −$69.2m | −$170.3m | −$226.2m | −$139.3m | −$152.1m | −$102.7m | −$69.9m | −$57.9m | −$44.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $118.4m | $110.7m | $103.7m | $99.0m | $96.1m | $92.8m | $88.7m | $84.7m |
| Gross profit | $62.5m | $57.1m | $54.0m | $50.8m | $51.3m | $46.0m | $42.8m | $38.2m |
| Operating income | −$36.3m | −$38.7m | −$32.9m | −$29.9m | −$30.1m | −$41.6m | −$34.6m | −$36.0m |
| Net income | −$35.1m | −$44.0m | −$30.5m | −$27.1m | $20.4m | −$39.3m | −$31.6m | −$34.7m |
| Diluted earnings per share | -0.56 | -0.71 | -0.50 | -0.44 | 0.33 | -0.64 | -0.53 | -0.59 |
| Cash from operations | $1.0m | −$17.0m | −$24.0m | −$11.0m | −$1.0m | −$12.0m | −$21.0m | −$15.0m |
| Capital spending | −$9.0m | −$7.0m | −$9.0m | −$12.0m | −$9.0m | −$4.0m | −$2.0m | −$2.0m |
| Free cash flow | −$8.0m | −$24.0m | −$33.0m | −$23.0m | −$10.0m | −$16.0m | −$23.0m | −$17.0m |
| Total assets | $672.4m | $676.2m | $638.1m | $641.9m | $643.6m | $595.6m | $608.6m | $614.3m |
| Cash and short-term investments | $166.8m | $171.7m | $197.9m | $232.4m | $250.8m | $257.1m | $270.8m | $276.4m |
| Debt | $8.6m | $10.4m | $12.2m | $13.8m | $15.5m | $80.3m | $82.6m | $85.0m |
| Shareholders' equity | $445.7m | $455.1m | $456.1m | $473.0m | $478.2m | $440.1m | $455.9m | $472.7m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 50.7% | 42.6% | 36.6% | 41.4% | 39.1% | 31.8% | — |
| Operating margin | -20.4% | -66.5% | -83.0% | -122.3% | -116.1% | -154.0% | — |
| Net margin | -20.6% | -66.7% | -83.5% | -107.0% | -114.9% | -155.3% | — |
| Return on equity | -16.4% | -44.2% | -32.8% | -27.6% | -26.2% | -41.6% | — |
| Return on assets | -12.1% | -34.0% | -26.4% | -22.7% | -21.7% | -35.1% | — |
| Free cash flow yield | -0.2% | -0.7% | -1.4% | -0.3% | -1.2% | -2.1% | — |
| Revenue growth | 20.3% | 27.7% | 20.4% | 53.8% | 46.9% | 65.7% | — |
| Earnings growth | -62.8% | 2.0% | -6.1% | 43.2% | 8.7% | 30.0% | — |
| Current ratio | 3.64x | 4.88x | 5.79x | 6.58x | 8.67x | 9.29x | — |
| Debt to equity | 0.03x | 0.03x | 0.02x | 0.02x | 0.02x | 0.03x | — |
| Equity ratio | 73.7% | 76.9% | 80.3% | 82.1% | 82.7% | 84.3% | — |
| Interest coverage | — | -7177.14x | -40692.20x | -3112.76x | -418.69x | -176.32x | -81.98x |
| R&D as a share of sales | 21.3% | 29.0% | 43.6% | 59.1% | 52.2% | 47.7% | — |
| Buybacks as a share of market value | -3.2% | -2.9% | -1.9% | -13.1% | -8.5% | -39.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.8% | 33.3% | — |
| Operating income | -18.2% | -0.6% | — |
| Net income | -29.1% | -11.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.0% | 43.8% | 42.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -24.9 | -13.2 | -10.4 | -6.2 | -25.4 | -46.5 | -6.4 | -8.8 |
| Price to sales | 5.1 | 8.8 | 8.7 | 6.6 | 29.3 | 72.8 | 13.0 | 26.1 |
Market value over time
31 Oct 2018 to 23 Oct 2026, in USD
$42.0m$8.73bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | -28% | 16% | 61% | -71% | -46% | 540% | 37% | 24% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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