U 
26.31
+6.30%
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
$109.8m
FY2016FY2025
Net income
−$153.5m
FY2016FY2025
Free cash flow
−$162.7m
FY2016FY2025
Shareholders' equity
−$105.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $109.8m | $90.4m | $82.7m | $64.4m | $48.0m | $11.8m | $18,000 | $1.1m | $8.2m | $17.5m |
| Research and development | $67.1m | $57.1m | $45.6m | $52.9m | $47.6m | $47.3m | $49.3m | $36.9m | $18.7m | $10.3m |
| Operating income | −$125.5m | −$96.8m | −$62.1m | −$79.0m | −$92.3m | −$126.7m | −$109.5m | −$77.2m | −$19.9m | $798,000 |
| Net income | −$153.5m | −$126.9m | −$102.2m | −$109.8m | −$110.8m | −$128.5m | −$105.1m | −$75.7m | −$20.0m | −$1.9m |
| Diluted earnings per share | -3.12 | -2.70 | -2.83 | -4.75 | -4.94 | -5.80 | -4.97 | -4.67 | -1.47 | -0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $200.5m | $285.7m | $178.3m | $135.6m | $119.7m | $122.0m | $202.4m | $103.6m | $75.5m | $23.1m |
| Cash and short-term investments | $120.5m | $236.7m | $137.0m | $100.0m | $89.1m | $102.0m | $147.1m | $101.3m | $73.0m | $21.4m |
| Total liabilities | $305.9m | $294.5m | $243.5m | $225.0m | $111.3m | $25.6m | $22.1m | $13.5m | $7.0m | $6.7m |
| Debt | $127.0m | $124.1m | $98.6m | $97.5m | — | — | — | — | — | $3.6m |
| Shareholders' equity | −$105.5m | −$8.8m | −$65.2m | −$89.4m | $8.4m | $96.4m | $180.3m | $90.1m | $68.5m | $16.3m |
| Shares outstanding | 49m | 47m | 36m | 23m | 22m | 22m | 21m | 16m | 14m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$162.4m | −$96.8m | −$76.4m | −$87.6m | −$84.9m | −$105.9m | −$71.0m | −$37.3m | −$9.6m | $4.2m |
| Capital spending | −$289,000 | −$295,000 | −$194,000 | −$254,000 | −$752,000 | −$1.2m | −$325,000 | −$560,000 | −$271,000 | −$695,000 |
| Free cash flow | −$162.7m | −$97.1m | −$76.6m | −$87.8m | −$85.6m | −$107.1m | −$71.3m | −$37.9m | −$9.8m | $3.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $72.5m | $51.0m | $37.8m | $27.5m | $24.2m | $20.3m | $24.6m | $25.2m |
| Operating income | $111,000 | −$20.6m | −$19.1m | −$26.4m | −$46.5m | −$39.4m | −$26.6m | −$17.5m |
| Net income | −$14.4m | −$23.6m | −$26.4m | −$33.3m | −$49.9m | −$43.8m | −$37.5m | −$23.7m |
| Diluted earnings per share | -0.28 | -0.47 | -0.54 | -0.68 | -1.01 | -0.89 | -0.80 | -0.50 |
| Cash from operations | −$33.0m | −$45.0m | −$38.0m | −$42.0m | −$39.0m | −$42.0m | −$13.0m | −$27.0m |
| Total assets | $252.6m | $253.7m | $200.5m | $185.0m | $208.7m | $247.6m | $285.7m | $301.9m |
| Cash and short-term investments | $108.0m | $141.6m | $120.5m | $127.0m | $157.0m | $195.9m | $236.7m | $249.6m |
| Debt | $190.8m | $191.4m | $122.2m | $123.7m | $124.1m | $123.5m | $124.8m | $122.5m |
| Shareholders' equity | −$132.4m | −$124.3m | −$105.5m | −$115.4m | −$93.4m | −$46.5m | −$8.8m | $25.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.5% | 56.2% | — |
| Operating income | 16.7% | -0.2% | 26.0% |
| Net income | 11.8% | 3.6% | 28.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -111.1% | -104.7% | -143.1% | — |
| Net margin | -140.1% | -141.8% | -179.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -2.2 | -2.9 | -1.0 | -1.1 | -1.7 | -3.7 | -5.1 | -14.0 |
| Price to sales | 10.5 | 3.1 | 3.6 | 1.8 | 2.5 | 18.7 | — | 342.3 | 34.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 264% | -29% | 90% | -16% | -50% | -46% | -23% | 19% | 171% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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