Z 
30.81
+3.98%
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
$106.0m
FY2016FY2025
Net income
−$81.1m
FY2016FY2025
Free cash flow
−$34.5m
FY2016FY2025
Shareholders' equity
$268.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $106.0m | $76.3m | $76.0m | $412.5m | $26.7m | $39.0m | $29.5m | $53.0m | $51.8m | $11.0m |
| Research and development | $137.0m | $134.6m | $143.6m | $208.6m | $199.8m | $168.5m | $118.2m | $56.7m | $41.7m | $36.8m |
| Operating income | −$92.5m | −$137.1m | −$138.1m | $130.5m | −$215.6m | −$187.5m | −$151.3m | −$33.1m | −$9.8m | −$38.2m |
| Net income | −$81.1m | −$122.7m | −$118.7m | $124.3m | −$211.8m | −$180.6m | −$145.4m | −$36.6m | −$10.4m | −$33.8m |
| Diluted earnings per share | -1.08 | -1.62 | -1.68 | 1.87 | -4.06 | -3.53 | -3.34 | -1.14 | -0.41 | -1.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $346.5m | $463.1m | $580.9m | $648.7m | $389.1m | $538.4m | $368.2m | $244.4m | $132.0m | $94.0m |
| Cash and short-term investments | $228.8m | $225.8m | $374.3m | $492.2m | $252.6m | $426.4m | $298.9m | $200.2m | $87.8m | $40.3m |
| Total liabilities | $78.0m | $124.3m | $116.1m | $155.8m | $140.0m | $128.5m | $122.5m | $63.9m | $15.5m | $85.0m |
| Debt | $3.5m | $28,000 | $122,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | — | $4.4m |
| Shareholders' equity | $268.5m | $338.8m | $464.8m | $493.0m | $249.1m | $409.9m | $245.7m | −$145.3m | $116.4m | $9.0m |
| Shares outstanding | 75m | 76m | 71m | 67m | 52m | 51m | 44m | 32m | 25m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$33.0m | −$110.0m | −$118.3m | $144.1m | −$192.5m | −$151.4m | −$81.9m | $24.2m | $219,000 | −$35.2m |
| Capital spending | −$1.5m | −$3.1m | −$4.1m | −$13.1m | −$13.3m | −$6.3m | −$13.9m | −$3.4m | −$3.1m | −$5.5m |
| Free cash flow | −$34.5m | −$113.1m | −$122.4m | $131.0m | −$205.7m | −$157.7m | −$95.7m | $20.8m | −$2.9m | −$40.7m |
| Dividends paid | — | — | −$814.2m | — | — | −$1.1m | −$598,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6m | $2.4m | $2.5m | $27.6m | $48.7m | $27.1m | $31.0m | $16.0m |
| Operating income | −$45.3m | −$47.1m | −$44.2m | −$22.1m | −$674,000 | −$25.6m | −$22.2m | −$34.2m |
| Net income | −$45.0m | −$44.2m | −$41.2m | −$19.6m | $2.3m | −$22.6m | −$23.5m | −$29.9m |
| Diluted earnings per share | -0.62 | -0.61 | -0.55 | -0.26 | 0.03 | -0.30 | -0.31 | -0.39 |
| Cash from operations | −$31.0m | −$45.0m | −$9.0m | −$31.0m | $12.0m | −$3.0m | −$41.0m | −$5.0m |
| Capital spending | — | — | — | — | — | — | — | −$1.0m |
| Free cash flow | — | — | — | — | — | — | — | −$6.0m |
| Total assets | $396.96bn | $478.2m | $346.5m | $397.3m | $408.4m | $425.5m | $463.1m | $487.2m |
| Cash and short-term investments | $270.70bn | $364.7m | $228.8m | $251.9m | $281.4m | $265.3m | $225.8m | $297.2m |
| Debt | $3.30bn | $3.3m | $3.5m | $3.4m | $3.6m | $3.3m | $2.7m | $2.9m |
| Shareholders' equity | $80.37bn | $163.6m | $268.5m | $320.1m | $334.5m | $325.0m | $338.8m | $367.0m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -75.3% | -157.0% | -181.6% | 31.6% | -808.2% | -481.3% | — | — | — |
| Net margin | -76.6% | -160.8% | -156.1% | 30.1% | -794.0% | -463.5% | — | — | — |
| Return on equity | -30.2% | -36.2% | -25.5% | 25.2% | -85.0% | -44.0% | — | — | — |
| Return on assets | -23.4% | -26.5% | -20.4% | 19.2% | -54.4% | -33.5% | — | — | — |
| Free cash flow yield | -1.5% | -4.9% | -5.6% | 8.3% | -12.0% | -9.9% | — | — | — |
| Revenue growth | 38.9% | 0.4% | -81.6% | 1446.0% | -31.5% | 31.8% | — | — | — |
| Earnings growth | -33.9% | 3.4% | -195.4% | -158.7% | 17.3% | 24.1% | — | — | — |
| Current ratio | 5.52x | 3.40x | 7.41x | 5.70x | 4.01x | 5.31x | — | — | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | — | — | — |
| Equity ratio | 77.5% | 73.2% | 80.0% | 76.0% | 64.0% | 76.1% | — | — | — |
| Interest coverage | — | — | — | 36.30x | -16.77x | -10.64x | -13.58x | -199.56x | -7.74x |
| R&D as a share of sales | 129.3% | 176.4% | 188.9% | 50.6% | 748.7% | 432.7% | — | — | — |
| Buybacks as a share of market value | 0.7% | -7.1% | -6.4% | -27.5% | -2.1% | -17.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -36.4% | 22.2% | 27.1% |
| Operating income | — | -13.2% | 16.6% |
| Net income | — | -14.8% | 15.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -126.0% | -35.4% | -86.9% | -100.1% |
| Net margin | -111.8% | -29.5% | -80.2% | -93.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -24.4 | -9.1 | -6.2 | 4.2 | -4.0 | -13.4 | -13.6 | -12.8 | -18.5 |
| Price to sales | 18.7 | 14.6 | 9.7 | 1.3 | 32.1 | 62.0 | 67.1 | 8.9 | 3.7 |
Market value over time
28 Apr 2017 to 30 Oct 2026, in USD
$256.1m$2.09bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 107% | 37% | 37% | -59% | -69% | 16% | 300% | 53% | -43% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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