X 
38.59
+7.94%
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
$125.6m
FY2016FY2025
Net income
−$91.9m
FY2016FY2025
Free cash flow
−$138.3m
FY2016FY2025
Shareholders' equity
$635.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $125.6m | $110.5m | $168.3m | $164.6m | $275.1m | $122.7m | $156.7m | $40.6m | $35.7m | $87.5m |
| Research and development | $239.4m | $227.7m | $253.6m | $199.6m | $192.5m | $169.8m | $118.6m | $97.5m | $71.8m | $51.9m |
| Operating income | −$85.0m | −$230.2m | −$138.6m | −$82.5m | $43.8m | −$76.8m | $13.8m | −$79.4m | −$53.6m | $22.5m |
| Net income | −$91.9m | −$232.6m | −$126.1m | −$55.2m | $82.6m | −$63.5m | $26.9m | −$70.4m | −$48.9m | $23.6m |
| Diluted earnings per share | -1.24 | -3.18 | -2.07 | -0.92 | 1.37 | -1.10 | 0.47 | -1.25 | -1.04 | 0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $875.5m | $951.9m | $952.7m | $846.3m | $838.2m | $703.2m | $670.3m | $576.7m | $390.1m | $428.6m |
| Cash and short-term investments | $547.7m | $497.8m | $593.7m | $623.1m | $334.1m | $603.0m | $527.1m | $294.4m | $224.1m | $130.1m |
| Total liabilities | $239.9m | $277.9m | $283.6m | $118.8m | $104.7m | $130.8m | $77.0m | $55.1m | $108.1m | $114.6m |
| Debt | $123.0m | $163.6m | $189.5m | — | — | — | — | — | — | — |
| Shareholders' equity | $635.6m | $677.6m | $669.1m | $727.5m | $733.5m | $572.4m | $593.2m | $521.7m | $282.0m | $314.0m |
| Shares outstanding | 74m | 73m | 61m | 60m | 60m | 58m | 57m | 56m | 47m | 43m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$135.1m | −$202.2m | $85.1m | $24.5m | −$16.9m | −$5.0m | $64.4m | −$79.8m | −$33.7m | $94.6m |
| Capital spending | −$3.1m | −$6.1m | −$21.3m | −$43.4m | −$16.0m | −$13.8m | −$11.0m | −$9.1m | −$7.3m | −$3.0m |
| Free cash flow | −$138.3m | −$208.3m | $63.9m | −$18.9m | −$32.8m | −$18.8m | $53.3m | −$88.9m | −$41.0m | $91.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $51.2m | $4.5m | $28.2m | $21.0m | $43.6m | $32.7m | $70.0m | $17.8m |
| Operating income | −$37.1m | −$77.9m | −$53.6m | −$4.9m | −$33.2m | −$47.1m | $4.0m | −$55.2m |
| Net income | −$21.7m | −$128.9m | −$6.7m | −$6.0m | −$30.8m | −$48.4m | −$53.5m | −$46.3m |
| Diluted earnings per share | -0.29 | -1.70 | -0.09 | -0.08 | -0.42 | -0.65 | -0.73 | -0.63 |
| Cash from operations | −$55.0m | −$67.0m | −$51.0m | −$30.0m | −$36.0m | −$16.0m | −$55.0m | −$26.0m |
| Capital spending | — | — | −$1.0m | — | — | −$1.0m | −$2.0m | −$2.0m |
| Free cash flow | — | — | −$52.0m | — | — | −$17.0m | −$57.0m | −$28.0m |
| Total assets | $725.0m | $736.8m | $875.5m | $868.8m | $879.4m | $904.7m | $951.9m | $983.6m |
| Cash and short-term investments | $456.5m | $444.9m | $547.7m | $471.0m | $443.9m | $469.6m | $497.8m | $543.0m |
| Debt | $81.5m | $112.6m | $123.0m | $49.3m | $3.4m | $3.6m | $166.6m | $20.1m |
| Shareholders' equity | $503.2m | $515.6m | $635.6m | $625.3m | $620.4m | $639.9m | $677.6m | $723.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.6% | 0.5% | 16.3% |
| Operating income | 1.0% | 2.1% | 16.6% |
| Net income | 18.5% | 7.7% | 18.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -133.5% | -94.3% | -58.9% | -52.0% |
| Net margin | -137.5% | -88.9% | -50.3% | -43.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.4 | -7.2 | -10.3 | -28.3 | 29.3 | -39.5 | 72.7 | -28.9 | -21.0 | 47.5 |
| Price to sales | 9.1 | 15.2 | 7.7 | 9.5 | 8.8 | 20.5 | 12.5 | 50.1 | 28.8 | 12.8 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -34% | 12% | -18% | -34% | -14% | 16% | 20% | 47% | -16% | 97% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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