V 
0.54
+11.19%
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
$92.2m
FY2016FY2025
Net income
−$111.7m
FY2016FY2025
Free cash flow
−$58.2m
FY2016FY2025
Shareholders' equity
$68.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92.2m | $92.6m | $100.0m | $149.7m | $57.7m | $57.7m | $49.6m | $27.0m | $14.4m | $8.9m |
| Research and development | $20.8m | $26.8m | $40.6m | $43.6m | $14.4m | $14.4m | $22.8m | $22.1m | $14.0m | $7.9m |
| Operating income | −$76.1m | −$88.2m | −$99.6m | −$38.0m | −$47.7m | −$47.7m | −$64.1m | −$62.0m | −$47.0m | −$23.1m |
| Net income | −$111.7m | −$37.4m | −$58.6m | −$25.6m | −$47.8m | −$47.9m | −$62.1m | −$61.1m | −$59.6m | −$27.0m |
| Diluted earnings per share | -1.24 | -0.84 | -1.34 | -0.60 | -1.37 | -1.66 | -2.53 | -3.17 | -3.88 | -2.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $182.3m | $198.1m | $378.9m | $424.8m | $504.8m | $177.7m | $108.5m | $119.5m | $88.6m | $22.3m |
| Cash and short-term investments | $27.4m | $16.9m | $46.6m | $184.4m | $254.7m | $114.8m | $44.1m | $51.1m | $69.1m | $12.1m |
| Total liabilities | $114.2m | $184.6m | $340.7m | $344.6m | $424.2m | $89.4m | $61.1m | $57.5m | $27.3m | $67.9m |
| Debt | $45.9m | $119.2m | $140.4m | $137.8m | $195.1m | — | — | — | — | $13.4m |
| Shareholders' equity | $68.1m | $13.5m | $38.1m | $80.2m | $80.6m | $88.2m | $47.4m | $62.0m | $61.3m | −$45.5m |
| Shares outstanding | 90m | 44m | 44m | 42m | 35m | 29m | 25m | 19m | 15m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$53.2m | −$24.7m | −$76.4m | $3.7m | $7.2m | $1.4m | −$30.1m | −$38.4m | −$31.9m | −$26.8m |
| Capital spending | −$5.0m | −$6.1m | −$5.1m | −$4.8m | −$1.0m | −$175,000 | −$770,000 | −$4.3m | −$4.5m | −$37,000 |
| Free cash flow | −$58.2m | −$30.8m | −$81.5m | −$1.0m | $6.2m | $1.3m | −$30.9m | −$42.7m | −$36.4m | −$26.8m |
| Dividends paid | — | — | — | −$9.8m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3m | $20.3m | $18.1m | $29.1m | $24.0m | $22.5m | $22.4m | $22.0m |
| Operating income | −$22.1m | −$19.9m | −$36.2m | −$24.3m | −$22.5m | −$21.6m | −$20.8m | −$22.1m |
| Net income | −$22.2m | −$19.5m | −$37.0m | −$26.9m | −$26.8m | −$19.9m | $31.8m | −$21.7m |
| Diluted earnings per share | -0.24 | -0.21 | -0.41 | -0.30 | -0.30 | -0.22 | 0.72 | -0.49 |
| Cash from operations | −$10.0m | −$11.0m | −$12.0m | −$15.0m | −$8.0m | −$17.0m | — | $3.0m |
| Capital spending | −$1.0m | — | −$1.0m | −$1.0m | — | −$1.0m | — | −$1.0m |
| Free cash flow | −$11.0m | — | −$13.0m | −$16.0m | — | −$18.0m | — | $2.0m |
| Total assets | $148.5m | $155.2m | $182.3m | $200.2m | $186.8m | $199.6m | $198.1m | $336.4m |
| Cash and short-term investments | $12.4m | $15.1m | — | $36.2m | $13.6m | $16.1m | $16.9m | $11.4m |
| Debt | $45.5m | $45.4m | — | $116.9m | $117.6m | $119.5m | $119.2m | $142.4m |
| Shareholders' equity | $37.9m | $49.0m | $68.1m | $16.0m | $1.2m | $14.8m | $13.5m | −$25.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.9% | 9.8% | 20.8% |
| Operating income | 26.1% | 9.8% | 28.3% |
| Net income | 63.5% | 18.5% | 33.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -88.9% | -69.5% | -72.2% | -90.3% |
| Net margin | -80.7% | -53.7% | -59.8% | -82.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | -2.3 | -0.8 | -3.2 | -6.0 | -6.3 | -0.4 | -0.4 | -2.2 |
| Price to sales | 2.6 | 0.9 | 0.5 | 0.6 | 5.0 | 5.2 | 0.5 | 1.0 | 9.0 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 125% | 13% | -52% | -68% | -28% | 959% | -41% | -82% | 83% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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