V 
0.37
0.00%
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
$237.3m
FY2016FY2025
Net income
$16.3m
FY2016FY2025
Free cash flow
$7.6m
FY2016FY2025
Shareholders' equity
$87.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $237.3m | $28.7m | $7.4m | $107,000 | $892,000 | $4.0m | $9.9m | $4.2m | $5.8m | $9.3m |
| Research and development | $201.6m | $74.2m | $68.1m | $81.1m | $48.7m | $19.9m | $14.5m | $17.3m | $12.4m | $26.3m |
| Operating income | $18.1m | −$66.3m | −$83.3m | −$114.6m | −$72.8m | −$30.2m | −$15.8m | −$21.8m | −$9.1m | −$23.6m |
| Net income | $16.3m | −$66.9m | −$82.5m | −$107.8m | −$70.5m | −$32.2m | −$18.6m | −$18.0m | −$12.5m | −$25.4m |
| Diluted earnings per share | 0.07 | -0.29 | -0.47 | -0.61 | -0.41 | -0.19 | -0.10 | -0.25 | -0.35 | -0.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $186.1m | $166.4m | $91.8m | $153.8m | $221.2m | $152.6m | $37.0m | $35.2m | $40.1m | $72.7m |
| Cash and short-term investments | $63.8m | $51.7m | $39.7m | $93.7m | $166.5m | $126.9m | $13.5m | $11.5m | $38.6m | $69.0m |
| Total liabilities | $98.3m | $107.5m | $34.0m | $43.3m | $33.6m | $29.2m | $24.1m | $24.0m | $21.4m | $26.5m |
| Debt | $3.0m | $5.8m | $6.4m | $5.7m | $11.5m | $14.9m | $16.3m | $3.6m | $40.3m | $600,000 |
| Shareholders' equity | $87.8m | $58.9m | $57.8m | $110.6m | $187.5m | $123.4m | $13.0m | $11.2m | $18.7m | $46.2m |
| Shares outstanding | 230m | 228m | 177m | 177m | 171m | 171m | 189m | 71m | 35m | 35m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $7.7m | −$44.8m | −$70.5m | −$94.8m | −$59.8m | −$23.8m | −$13.1m | −$14.5m | −$10.0m | −$14.1m |
| Capital spending | −$145,000 | −$554,000 | −$1.9m | −$9.6m | −$5.2m | −$1.2m | −$850,000 | −$707,000 | −$117,000 | −$200,000 |
| Free cash flow | $7.6m | −$45.3m | −$72.3m | −$104.4m | −$65.0m | −$25.0m | −$13.9m | −$15.3m | −$10.2m | −$14.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.2m | $39.2m | $104.2m | $72.4m | $39.7m | $20.9m | $15.2m | $4.9m |
| Operating income | −$13.2m | $5.2m | $55.4m | −$7.8m | −$14.6m | −$14.9m | −$11.5m | −$14.5m |
| Net income | −$13.5m | $5.2m | $55.0m | −$8.1m | −$15.0m | −$15.6m | −$12.0m | −$14.1m |
| Diluted earnings per share | -0.06 | 0.02 | 0.24 | -0.04 | -0.07 | -0.07 | -0.05 | -0.06 |
| Cash from operations | $2.0m | −$2.0m | $30.0m | $2.0m | −$15.0m | −$9.0m | −$7.0m | −$4.0m |
| Total assets | $165.2m | $180.1m | $186.1m | $209.0m | $164.1m | $158.6m | $166.4m | $166.7m |
| Cash and short-term investments | $64.0m | $61.0m | $63.8m | $28.8m | $26.3m | $41.9m | $51.7m | $58.7m |
| Debt | $2.5m | $2.5m | $3.0m | $3.8m | $3.5m | $3.3m | $7.1m | $5.6m |
| Shareholders' equity | $82.4m | $94.1m | $87.8m | $26.8m | $32.9m | $45.6m | $58.9m | $68.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1204.0% | 125.8% | 25.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -18.1% | -90.0% | -125.4% | -132.1% |
| Net margin | -19.0% | -88.1% | -123.4% | -131.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.9 | -2.3 | -1.2 | -1.6 | -15.2 | -12.8 | -1.5 | -2.0 | -4.7 | -3.1 |
| Price to sales | 0.3 | 5.2 | 13.7 | — | — | 101.9 | 2.8 | 8.6 | 10.1 | 8.6 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -31% | -11% | -33% | -88% | 133% | 2538% | -84% | -56% | -26% | -37% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Nov 2012.
| FY2012 | |
|---|---|
| Paid in the year | 73.128 |
- 11-to-1 reverse split · 14 Feb 2018
- 6-to-1 reverse split · 9 Nov 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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