V 
8.70
+3.45%
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
$30.9m
FY2016FY2025
Net income
−$209.5m
FY2016FY2025
Free cash flow
−$147.1m
FY2016FY2025
Shareholders' equity
$57.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.9m | $10.0m | — | $2.6m | $2.1m | $88.5m | $17.5m | $26.7m | — | — |
| Research and development | $114.6m | $81.3m | $61.4m | $50.6m | $39.3m | $41.4m | $45.8m | $43.6m | $46.4m | $19.8m |
| Operating income | −$170.1m | −$125.9m | −$92.1m | −$72.9m | −$61.4m | −$51.7m | −$133.0m | −$94.8m | −$67.8m | −$37.0m |
| Net income | −$209.5m | −$130.6m | −$87.4m | −$73.8m | −$71.2m | −$67.7m | −$149.2m | −$72.4m | −$67.8m | −$36.4m |
| Diluted earnings per share | -2.51 | -3.44 | -3.26 | -4.33 | -4.68 | -4.78 | -23.45 | -9.52 | -19.34 | -11.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $246.4m | $101.5m | $149.7m | $95.0m | $108.7m | $154.3m | $145.0m | $277.2m | $89.8m | $83.6m |
| Cash and short-term investments | $205.0m | $88.8m | $137.1m | $87.9m | $100.3m | $141.2m | $75.5m | $249.7m | $86.7m | $80.9m |
| Total liabilities | $189.2m | $130.4m | $92.3m | $47.7m | $21.1m | $39.1m | $137.9m | $152.9m | $32.1m | $11.3m |
| Debt | $81.9m | $40.7m | $40.1m | $24.8m | $200,000 | $19.1m | $103.6m | $120.5m | $14.8m | — |
| Shareholders' equity | $57.2m | −$28.9m | $57.4m | $47.4m | $87.6m | $115.3m | $7.2m | $124.3m | $57.7m | $72.3m |
| Shares outstanding | 83m | 38m | 27m | 17m | 15m | 14m | 6m | 8m | 4m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$137.5m | −$104.8m | −$86.5m | −$63.7m | −$53.5m | −$33.5m | −$138.5m | −$74.5m | −$57.3m | −$29.5m |
| Capital spending | −$9.6m | −$28,000 | −$7,000 | — | −$196,000 | −$33,000 | −$7,000 | −$23.5m | −$1.5m | −$39,000 |
| Free cash flow | −$147.1m | −$104.8m | −$86.5m | −$63.7m | −$53.7m | −$33.5m | −$138.5m | −$98.0m | −$58.8m | −$29.5m |
| Dividends paid | — | — | — | — | — | — | −$15,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.1m | $18.7m | $17.5m | $11.2m | $2.1m | — | −$10.0m | — |
| Operating income | −$32.7m | −$44.9m | −$41.5m | −$40.7m | −$43.8m | −$44.2m | −$63.2m | −$37.0m |
| Net income | −$34.7m | −$36.6m | −$32.9m | −$98.5m | −$25.9m | −$52.1m | −$64.6m | −$24.0m |
| Diluted earnings per share | -0.35 | -0.37 | -0.39 | -1.18 | -0.31 | -0.62 | -1.70 | -0.63 |
| Cash from operations | −$43.0m | −$52.0m | −$29.0m | −$36.0m | −$32.0m | −$38.0m | −$25.0m | −$23.0m |
| Capital spending | — | — | −$1.0m | — | — | — | — | — |
| Free cash flow | — | — | −$30.0m | — | — | — | — | — |
| Total assets | $206.5m | $227.8m | $246.4m | $176.9m | $196.3m | $131.7m | $101.5m | $126.4m |
| Cash and short-term investments | $136.4m | $181.7m | $213.8m | $137.7m | $164.3m | $117.6m | $88.8m | $113.2m |
| Debt | $82.7m | $83.2m | $87.2m | $89.5m | $84.7m | $76.5m | $41.7m | $41.4m |
| Shareholders' equity | $50.0m | $81.8m | $57.2m | −$15.5m | $36.1m | −$32.4m | −$28.9m | $32.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 128.4% | -19.0% | — |
| Operating income | 32.6% | 26.9% | 11.3% |
| Net income | 41.6% | 25.3% | 13.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -723.5% | — | — | — |
| Net margin | -831.3% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.1 | -1.5 | -0.8 | -0.4 | -1.8 | -1.8 | -0.1 | -0.7 | -0.3 | -0.2 |
| Price to sales | 20.8 | 19.6 | — | 10.7 | 61.7 | 1.4 | 1.0 | 2.0 | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 82% | 57% | 76% | -83% | 0% | 236% | -61% | 11% | 162% | -34% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 12-to-1 reverse split · 1 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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