X 
120.59
+4.91%
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
$686.6m
FY2019FY2025
Net income
−$61.8m
FY2019FY2025
Free cash flow
−$24.1m
FY2019FY2025
Shareholders' equity
$275.6m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $686.6m | $545.5m | $463.4m | $380.9m | $218.3m | $141.4m | $80.2m |
| Gross profit | $268.8m | $215.6m | $178.3m | $146.0m | $57.1m | $33.3m | $14.7m |
| Research and development | $46.8m | $39.3m | $34.5m | $31.0m | $17.8m | $12.2m | $10.6m |
| Operating income | −$45.5m | −$56.1m | −$73.6m | −$74.6m | −$58.7m | −$30.0m | −$30.8m |
| Net income | −$61.8m | −$50.4m | −$67.5m | −$79.1m | −$61.4m | −$31.1m | −$31.0m |
| Diluted earnings per share | -1.22 | -1.02 | -1.40 | -1.67 | -1.36 | -0.70 | -5.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | $703.7m | $680.1m | $707.4m | $734.1m | $502.6m | $89.0m | $77.4m |
| Cash and short-term investments | $219.1m | $239.8m | $268.8m | $319.4m | $116.7m | $59.9m | $51.0m |
| Total liabilities | $427.0m | $364.5m | $377.0m | $362.3m | $77.1m | $200.2m | $150.5m |
| Debt | $329.6m | $283.6m | $281.8m | $279.9m | — | $15.8m | $11.5m |
| Shareholders' equity | $275.6m | $314.5m | $329.3m | $370.7m | $424.4m | −$111.2m | −$73.1m |
| Shares outstanding | 51m | 50m | 48m | 47m | 45m | 44m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | $6.1m | −$15.4m | −$29.9m | −$62.6m | −$68.6m | −$22.0m | −$27.1m |
| Capital spending | −$30.2m | −$18.1m | −$18.5m | −$13.7m | −$6.3m | −$4.2m | −$2.7m |
| Free cash flow | −$24.1m | −$33.5m | −$48.4m | −$76.2m | −$74.8m | −$26.2m | −$29.8m |
| Dividends paid | — | — | — | — | — | −$8.8m | −$8.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $229.3m | $205.1m | $192.4m | $180.7m | $162.5m | $151.0m | $148.5m | $141.7m |
| Gross profit | $87.2m | $78.5m | $75.2m | $72.0m | $65.2m | $56.3m | $59.0m | $55.8m |
| Operating income | −$5.5m | −$5.2m | −$8.8m | −$11.1m | −$10.3m | −$15.4m | −$11.5m | −$11.5m |
| Net income | −$5.3m | −$5.3m | −$8.6m | −$11.6m | −$26.4m | −$15.1m | −$9.9m | −$10.2m |
| Diluted earnings per share | -0.10 | -0.10 | -0.17 | -0.23 | -0.52 | -0.30 | -0.20 | -0.21 |
| Cash from operations | $2.0m | $15.0m | $4.0m | $5.0m | — | −$3.0m | $9.0m | −$3.0m |
| Capital spending | −$13.0m | −$10.0m | −$10.0m | −$7.0m | −$6.0m | −$5.0m | −$4.0m | −$4.0m |
| Free cash flow | −$11.0m | $5.0m | −$6.0m | −$2.0m | — | −$8.0m | $5.0m | −$7.0m |
| Total assets | $1.06bn | $740.3m | $703.7m | $698.9m | $687.0m | $690.1m | $680.1m | $678.2m |
| Cash and short-term investments | $516.7m | $224.0m | $219.1m | $224.5m | $225.8m | $231.4m | $239.8m | $234.0m |
| Debt | $331.2m | $330.5m | $329.6m | $329.5m | $330.6m | $289.4m | $290.1m | $289.8m |
| Shareholders' equity | $595.0m | $282.0m | $275.6m | $272.0m | $270.4m | $309.9m | $314.5m | $315.2m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.1% | 39.5% | 38.5% | 38.3% | 26.2% | 23.5% |
| Operating margin | -8.2% | -8.4% | -13.6% | -19.6% | -27.7% | -21.2% |
| Net margin | -9.0% | -9.2% | -14.6% | -20.8% | -28.1% | -22.0% |
| Return on equity | -22.4% | -16.0% | -20.5% | -21.3% | -14.5% | 27.9% |
| Return on assets | -8.8% | -7.4% | -9.5% | -10.8% | -12.2% | -34.9% |
| Free cash flow yield | 0.1% | -0.3% | -0.7% | -1.4% | -1.6% | -0.5% |
| Revenue growth | 25.9% | 17.7% | 21.7% | 74.5% | 54.4% | 76.3% |
| Earnings growth | 22.5% | -25.3% | -14.7% | 28.8% | 97.5% | 0.3% |
| Current ratio | 3.76x | 4.38x | 4.28x | 6.05x | 2.87x | 2.02x |
| Debt to equity | 1.20x | 0.92x | 0.88x | 0.77x | 0.01x | -0.15x |
| Equity ratio | 39.2% | 46.2% | 46.6% | 50.5% | 84.5% | -125.1% |
| Interest coverage | -11.46x | -9.61x | -13.18x | -16.88x | -71.04x | -27.54x |
| R&D as a share of sales | 6.8% | 7.2% | 7.4% | 8.1% | 8.1% | 8.6% |
| Buybacks as a share of market value | -2.4% | -3.1% | -1.3% | -5.5% | -1.5% | -639.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.9% | 37.2% | — |
| Operating income | -15.2% | 8.7% | — |
| Net income | -7.9% | 14.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.3% | 38.9% | 36.9% | — |
| Operating margin | -8.3% | -12.0% | -13.9% | — |
| Net margin | -9.1% | -12.5% | -14.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -48.9 | -42.0 | -25.6 | -11.7 | -22.7 |
| Price to sales | 4.4 | 3.9 | 3.8 | 2.5 | 6.4 |
Market value over time
30 Jun 2021 to 20 Oct 2026, in USD
$699.1m$4.97bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 61% | 20% | 56% | -30% | -47% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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