T 
22.30
+5.44%
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
−$119.9m
FY2019FY2025
Free cash flow
−$95.3m
FY2019FY2025
Shareholders' equity
$259.2m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross profit | −$546,000 | −$519,000 | −$353,000 | −$296,000 | −$140,000 | −$47,000 | −$8,000 |
| Research and development | $102.9m | $80.1m | $62.5m | $43.0m | $20.6m | $7.2m | $1.8m |
| Operating income | −$132.8m | −$104.2m | −$79.9m | −$58.9m | −$26.3m | −$9.3m | −$3.1m |
| Net income | −$119.9m | −$86.5m | −$69.1m | −$51.7m | −$26.1m | −$9.3m | −$4.1m |
| Diluted earnings per share | -2.01 | -1.47 | -1.61 | -1.23 | -0.63 | -0.41 | -0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $282.6m | $363.6m | $225.9m | $266.2m | $306.7m | $16.0m | $528,000 |
| Cash and short-term investments | $256.0m | $341.4m | $203.5m | $251.2m | $302.2m | $15.2m | $108,000 |
| Total liabilities | $23.4m | $20.4m | $21.6m | $8.4m | $5.0m | $29.6m | $5.3m |
| Shareholders' equity | $259.2m | $343.2m | $204.3m | $257.8m | $301.7m | −$13.6m | −$4.7m |
| Shares outstanding | 60m | 59m | 43m | 42m | 41m | 22m | 43m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$95.1m | −$69.8m | −$50.1m | −$50.3m | −$23.7m | −$7.8m | −$2.6m |
| Capital spending | −$141,000 | −$664,000 | −$770,000 | −$559,000 | −$661,000 | −$312,000 | −$20,000 |
| Free cash flow | −$95.3m | −$70.4m | −$50.9m | −$50.8m | −$24.4m | −$8.1m | −$2.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $496,000 | — |
| Gross profit | — | −$138,000 | −$132,000 | — | −$140,000 | −$143,000 | $248,000 | −$127,000 |
| Operating income | −$49.0m | −$42.0m | −$36.5m | −$32.9m | −$31.5m | −$31.9m | −$29.7m | −$28.6m |
| Net income | −$45.6m | −$39.3m | −$33.8m | −$29.9m | −$28.1m | −$28.1m | −$25.6m | −$24.0m |
| Diluted earnings per share | -0.69 | -0.60 | -0.57 | -0.50 | -0.47 | -0.47 | -0.43 | -0.41 |
| Cash from operations | −$31.0m | −$32.0m | −$23.0m | −$22.0m | −$23.0m | −$25.0m | −$19.0m | −$17.0m |
| Total assets | $383.4m | $412.0m | $282.6m | $301.9m | $321.5m | $343.5m | $363.6m | $380.6m |
| Cash and short-term investments | $353.9m | $383.5m | $256.0m | $274.9m | $296.3m | $318.9m | $341.4m | $360.1m |
| Debt | $504,000 | $488,000 | $472,000 | $456,000 | $441,000 | $426,000 | $412,000 | $398,000 |
| Shareholders' equity | $353.7m | $387.6m | $259.2m | $280.5m | $302.1m | $323.5m | $343.2m | $362.3m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Return on equity | -46.3% | -25.2% | -33.8% | -20.1% | -8.7% | 68.3% | — |
| Return on assets | -42.4% | -23.8% | -30.6% | -19.4% | -8.5% | -58.2% | — |
| Free cash flow yield | -7.4% | -5.5% | -5.3% | -5.5% | -2.6% | -1.5% | — |
| Earnings growth | 38.7% | 25.1% | 33.7% | 97.9% | 180.7% | 129.5% | — |
| Current ratio | 14.67x | 23.81x | 13.80x | 45.13x | 84.09x | 8.22x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -0.01x | — |
| Equity ratio | 91.7% | 94.4% | 90.4% | 96.9% | 98.4% | -85.2% | — |
| Interest coverage | — | — | — | -199.08x | -187.77x | -9297.00x | -3122.00x |
| Buybacks as a share of market value | -1.2% | -37.0% | -1.8% | -2.2% | -83.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 31.1% | 70.1% | — |
| Net income | 32.4% | 66.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -13.1 | -9.5 | -8.6 | -6.2 | -22.2 |
Market value over time
30 Sept 2021 to 29 Oct 2026, in USD
$158.3m$1.42bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 58% | 2% | 102% | -43% | -53% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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