X 
9.00
+4.41%
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
$43.8m
FY2019FY2025
Net income
−$35.0m
FY2019FY2025
Free cash flow
−$5.5m
FY2019FY2025
Shareholders' equity
$35.3m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $43.8m | $6.3m | — | — | — | — | — |
| Gross profit | $42.2m | $6.3m | −$1.9m | −$1.8m | −$1.5m | −$1.1m | −$240,000 |
| Research and development | $56.0m | $41.2m | $52.1m | $59.2m | $51.2m | $43.9m | $14.3m |
| Operating income | −$42.0m | −$60.6m | −$79.1m | −$89.1m | −$75.0m | −$54.6m | −$19.0m |
| Net income | −$35.0m | −$58.2m | −$76.4m | −$87.3m | −$74.3m | −$55.2m | −$17.3m |
| Diluted earnings per share | -0.42 | -12.61 | -2.77 | -3.18 | -51.86 | -1,169.89 | -0.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $154.7m | $71.1m | $60.9m | $139.2m | $221.6m | $36.3m | $62.7m |
| Cash and short-term investments | $137.5m | $55.3m | $44.7m | $120.4m | $198.1m | $19.2m | $48.8m |
| Total liabilities | $119.4m | $53.5m | $24.1m | $33.5m | $36.2m | $41.6m | $24.2m |
| Debt | $7.0m | $8.1m | $12.5m | $19.9m | $20.7m | $21.9m | $18.6m |
| Shareholders' equity | $35.3m | $17.6m | $36.8m | $105.6m | $185.4m | −$5.3m | $38.5m |
| Shares outstanding | 84m | 5m | 28m | 27m | 1m | 0m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −$5.0m | −$18.4m | −$68.6m | −$75.7m | −$80.8m | −$36.1m | −$17.8m |
| Capital spending | −$518,000 | −$36,000 | −$486,000 | −$1.9m | −$1.1m | −$2.2m | −$715,000 |
| Free cash flow | −$5.5m | −$18.4m | −$69.1m | −$77.6m | −$81.9m | −$38.3m | −$18.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.7m | $12.6m | $13.7m | $19.1m | $8.1m | $2.9m | $1.7m | $2.3m |
| Gross profit | $18.7m | $12.3m | $13.7m | $19.1m | −$7.2m | $2.9m | $1.7m | $2.3m |
| Operating income | −$3.5m | −$14.1m | −$11.8m | −$1.9m | −$14.4m | −$13.9m | −$13.6m | −$14.8m |
| Net income | −$6.4m | −$9.5m | $10.4m | −$16.3m | −$15.8m | −$13.3m | −$13.1m | −$14.0m |
| Diluted earnings per share | -0.33 | -0.49 | 0.12 | -0.19 | -0.19 | -0.16 | -2.83 | -3.03 |
| Cash from operations | −$18.0m | −$22.0m | −$1.0m | −$17.0m | −$14.0m | $28.0m | −$14.0m | −$13.0m |
| Total assets | $154.3m | $163.5m | $154.7m | $133.7m | $133.8m | $103.7m | $71.1m | $74.7m |
| Cash and short-term investments | $136.0m | $150.3m | $137.5m | $103.8m | $121.6m | $89.1m | $55.3m | $61.3m |
| Debt | $1.4m | $1.4m | $1.3m | $1.3m | $1.3m | $1.2m | $1.2m | $1.2m |
| Shareholders' equity | $72.3m | $72.5m | $35.3m | −$8.1m | $7.1m | $10.7m | $17.6m | $21.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -22.2% | -5.1% | — |
| Net income | -26.2% | -8.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 96.9% | — | — | — |
| Operating margin | -204.7% | — | — | — |
| Net margin | -186.1% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -21.4 | -1.1 | -2.8 | -11.8 | -4.3 |
| Price to sales | 17.1 | 9.7 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -25% | 44% | -71% | -82% | -27% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 14-to-1 reverse split · 16 Mar 2026
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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