W 
3.22
+2.88%
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
$26.0m
FY2016FY2024
Net income
−$63.7m
FY2016FY2024
Free cash flow
−$61.2m
FY2016FY2024
Shareholders' equity
$52.5m
FY2016FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.0m | $24.4m | $15.2m | $1.1m | $14.6m | $20.2m | — | — |
| Gross profit | −$28.1m | −$27.4m | −$18.8m | −$18.6m | −$428,000 | — | — | — |
| Research and development | $51.0m | $48.9m | $32.7m | $19.7m | $15.0m | $17.9m | $12.2m | $11.4m |
| Operating income | −$67.5m | −$71.9m | −$62.7m | −$111.2m | −$2.7m | −$11.2m | −$21.4m | −$16.6m |
| Net income | −$63.7m | −$65.8m | −$60.5m | −$110.1m | −$3.5m | −$10.4m | −$22.3m | −$20.9m |
| Diluted earnings per share | -2.35 | -2.44 | -2.25 | -5.27 | -0.24 | -4.60 | -12.41 | -11.61 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $70.3m | $132.4m | $184.2m | $157.9m | $18.8m | $64.1m | $21.0m | $2.4m |
| Cash and short-term investments | $47.2m | $108.8m | $172.6m | $149.0m | $4.5m | $62.6m | $20.3m | $1.7m |
| Total liabilities | $17.8m | $27.2m | $25.9m | $21.5m | $31.3m | $5.5m | $3.6m | $14.9m |
| Debt | — | — | — | $6.0m | — | — | — | $12.4m |
| Shareholders' equity | $52.5m | $105.2m | $158.4m | $136.4m | −$12.4m | $58.7m | $17.4m | −$12.5m |
| Shares outstanding | 27m | 27m | 27m | 21m | 14m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$59.5m | −$59.7m | −$49.6m | −$22.4m | −$12.7m | −$5.8m | −$18.9m | −$15.7m |
| Capital spending | −$1.7m | −$4.0m | −$444,000 | −$46,000 | — | −$40,000 | −$10,000 | −$110,000 |
| Free cash flow | −$61.2m | −$63.6m | −$50.1m | −$22.5m | −$12.7m | −$5.8m | −$18.9m | −$15.8m |
| Dividends paid | — | — | — | −$4.4m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $7.1m | $7.2m | $7.2m |
| Gross profit | — | — | −$1,000 | −$5,000 | −$16,000 | $6.4m | −$7.9m | −$3.6m |
| Operating income | −$18.1m | −$23.5m | −$24.9m | −$19.5m | −$54.7m | −$15.2m | −$18.9m | −$13.4m |
| Net income | −$16.6m | −$22.2m | −$23.3m | −$17.7m | −$52.6m | $73.0m | −$18.3m | −$12.5m |
| Diluted earnings per share | -0.20 | -0.27 | -0.34 | -0.26 | -0.76 | 1.05 | -0.67 | -0.46 |
| Cash from operations | −$14.0m | −$22.0m | −$17.0m | −$15.0m | −$52.0m | −$11.0m | −$15.0m | −$15.0m |
| Total assets | $194.0m | $127.2m | $150.8m | $167.0m | $180.8m | $234.0m | $70.3m | $85.7m |
| Cash and short-term investments | $190.0m | $123.0m | $145.7m | $162.6m | $177.2m | $231.1m | $47.2m | $62.6m |
| Debt | — | — | — | — | — | — | $268,000 | $322,000 |
| Shareholders' equity | $182.9m | $116.2m | $136.3m | $157.2m | $172.1m | $221.7m | $52.5m | $68.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.3% | -13.3% | — |
| Operating income | 22.2% | 111.5% | 20.7% |
| Net income | -30.2% | 42.7% | 1.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -65.5% | -93.3% | -98.2% | — |
| Operating margin | -549.0% | -435.3% | -486.9% | — |
| Net margin | -254.4% | -289.6% | -366.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.1 | -1.3 | -0.8 | -2.5 | -2.0 | -26.6 | -0.5 | -0.4 |
| Price to sales | 23.4 | 3.3 | 2.2 | 9.9 | 196.3 | 6.3 | 8.7 | 0.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 6% | 4% | -58% | -53% | 66% | 246% | 9% | -60% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 27 Aug 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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