X 
3.33
+4.72%
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
$35.1m
FY2016FY2025
Net income
−$79.2m
FY2016FY2025
Free cash flow
−$88.6m
FY2016FY2025
Shareholders' equity
$186.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.1m | $2.6m | — | — | — | $3.0m | $3.0m | $3.5m | — | — |
| Research and development | $72.2m | $81.6m | $72.0m | $61.1m | $48.8m | $41.9m | $30.2m | $20.3m | $28.1m | $17.8m |
| Operating income | −$86.9m | −$34.1m | −$107.5m | −$90.1m | −$85.0m | −$59.9m | −$46.8m | −$33.1m | −$36.1m | −$24.3m |
| Net income | −$79.2m | −$37.5m | −$101.2m | −$93.9m | −$88.7m | −$62.1m | −$52.8m | −$33.3m | −$33.9m | −$23.0m |
| Diluted earnings per share | -0.72 | -5.54 | -15.27 | -27.95 | -91.72 | -92.39 | -96.21 | -19.38 | -5,464.03 | -1,740.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $290.5m | $146.4m | $147.3m | $155.6m | $117.2m | $122.9m | $160.7m | $36.0m | $81.3m | $7.6m |
| Cash and short-term investments | $253.0m | $102.1m | $114.2m | $121.7m | $81.8m | $79.0m | $126.2m | $30.8m | $76.8m | $3.0m |
| Total liabilities | $104.2m | $124.3m | $96.2m | $81.5m | $52.8m | $50.1m | $31.5m | $14.4m | $22.5m | $24.3m |
| Debt | $76.3m | $75.4m | $54.6m | $33.6m | $33.9m | $33.2m | $20.1m | $7.9m | $12.2m | $15.3m |
| Shareholders' equity | $186.3m | $22.1m | $51.1m | $74.1m | $64.4m | $72.8m | $129.2m | $21.6m | $58.7m | −$16.7m |
| Shares outstanding | 111m | 7m | 7m | 3m | 1m | 1m | 1m | 2m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$85.6m | −$130.9m | −$96.5m | −$77.1m | −$70.9m | −$58.8m | −$48.1m | −$25.4m | −$27.9m | −$21.6m |
| Capital spending | −$3.0m | −$7.3m | −$60,000 | −$103,000 | −$615,000 | −$1.4m | −$174,000 | −$34,000 | −$42,000 | −$73,000 |
| Free cash flow | −$88.6m | −$138.2m | −$96.6m | −$77.2m | −$71.5m | −$60.2m | −$48.2m | −$25.5m | −$27.9m | −$21.7m |
| Dividends paid | — | — | — | −$12 | −$13.9m | −$12.4m | −$20.0m | — | −$45.7m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.8m | $2.7m | $2.6m | $1.8m | $2.0m | $28.8m | $1.4m | $560,000 |
| Operating income | −$16.4m | −$20.3m | −$23.7m | −$27.6m | −$26.2m | $2.5m | −$37.3m | −$34.3m |
| Net income | −$16.2m | −$20.2m | −$23.9m | −$29.8m | −$25.7m | $282,000 | −$39.8m | −$36.7m |
| Diluted earnings per share | -0.13 | -0.16 | -0.22 | -0.27 | -0.23 | 0.00 | -5.89 | -5.42 |
| Cash from operations | −$20.0m | −$19.0m | −$15.0m | −$27.0m | −$29.0m | −$12.0m | −$32.0m | −$34.0m |
| Capital spending | −$19.0m | −$19.0m | −$3.0m | −$3.0m | — | −$3.0m | — | — |
| Free cash flow | −$39.0m | −$38.0m | −$18.0m | −$30.0m | — | −$15.0m | — | — |
| Total assets | $253.1m | $270.3m | $290.5m | $163.6m | $105.2m | $130.0m | $146.4m | $178.2m |
| Cash and short-term investments | $208.0m | $233.7m | $253.0m | $122.2m | $63.0m | $87.0m | $102.1m | $135.0m |
| Debt | $77.2m | $77.3m | $77.3m | $77.3m | $77.2m | $76.9m | $76.7m | $76.4m |
| Shareholders' equity | $155.5m | $168.4m | $186.3m | $61.6m | $4.0m | $22.9m | $22.1m | $59.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | 63.6% | — |
| Operating income | -1.2% | 7.7% | 19.3% |
| Net income | -5.5% | 5.0% | 19.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -321.3% | — | — | — |
| Net margin | -309.7% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | -4.0 | -0.8 | -0.3 | -0.2 | -0.3 | -0.6 | -3.6 | -0.0 |
| Price to sales | 12.6 | 58.3 | — | — | — | 7.2 | 9.8 | 34.3 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | -81% | 88% | 65% | -72% | -32% | -38% | -42% | 10% | -11% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 30-to-1 reverse split · 28 Apr 2025
- 6-to-1 reverse split · 14 Mar 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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