E 
24.90
+0.61%
Close of 9 Nov 2026, in TWD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 597.4m
FY2016FY2025
Net income
−TWD 73.1m
FY2016FY2025
Free cash flow
TWD 109.4m
FY2016FY2025
Shareholders' equity
TWD 690.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 597.4m | TWD 540.4m | TWD 271.6m | TWD 178.9m | TWD 197.3m | TWD 267.7m | TWD 360.0m | TWD 419.2m | TWD 374.5m | TWD 327.9m |
| Research and development | TWD 237.1m | TWD 274.3m | TWD 271.5m | TWD 209.4m | TWD 238.1m | TWD 221.6m | TWD 225.3m | TWD 184.8m | TWD 283.5m | TWD 164.7m |
| Operating income | −TWD 55.6m | −TWD 72.1m | −TWD 154.1m | −TWD 153.2m | −TWD 154.8m | −TWD 167.1m | −TWD 249.9m | −TWD 192.6m | −TWD 326.3m | −TWD 270.6m |
| Net income | −TWD 73.1m | −TWD 97.5m | −TWD 144.8m | −TWD 161.0m | −TWD 150.4m | −TWD 173.4m | −TWD 271.8m | −TWD 242.2m | −TWD 291.7m | −TWD 255.1m |
| Diluted earnings per share | -0.59 | -0.80 | -1.24 | -1.41 | -1.44 | -1.84 | -3.09 | -3.45 | -4.93 | -5.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 1.29bn | TWD 1.51bn | TWD 1.21bn | TWD 1.17bn | TWD 1.26bn | TWD 1.11bn | TWD 1.17bn | TWD 1.01bn | TWD 1.34bn | TWD 1.27bn |
| Cash and short-term investments | — | — | TWD 348.0m | TWD 339.5m | TWD 439.3m | TWD 230.6m | — | TWD 260.6m | TWD 501.7m | TWD 466.9m |
| Total liabilities | TWD 589.7m | TWD 766.2m | TWD 590.0m | TWD 402.6m | TWD 351.8m | TWD 344.2m | TWD 476.7m | TWD 290.9m | TWD 385.3m | TWD 377.4m |
| Debt | — | TWD 564.3m | TWD 386.3m | TWD 350.0m | TWD 325.5m | TWD 315.9m | TWD 425.9m | — | TWD 98.6m | TWD 82.9m |
| Shareholders' equity | TWD 690.7m | TWD 718.6m | TWD 612.8m | TWD 738.5m | TWD 873.7m | TWD 704.0m | TWD 677.4m | TWD 716.7m | TWD 953.3m | TWD 889.8m |
| Shares outstanding | 125m | 122m | 117m | 114m | 104m | 94m | 88m | 70m | 59m | 47m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 124.8m | −TWD 159.0m | −TWD 151.4m | −TWD 53.5m | −TWD 128.3m | −TWD 157.9m | −TWD 171.3m | −TWD 163.0m | −TWD 215.5m | −TWD 153.5m |
| Capital spending | −TWD 15.4m | −TWD 12.8m | −TWD 18.5m | −TWD 7.5m | −TWD 7.7m | −TWD 17.2m | −TWD 21.7m | −TWD 102.6m | −TWD 60.1m | −TWD 99.6m |
| Free cash flow | TWD 109.4m | −TWD 171.8m | −TWD 170.0m | −TWD 61.0m | −TWD 136.0m | −TWD 175.0m | −TWD 193.1m | −TWD 265.6m | −TWD 275.6m | −TWD 253.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 226.6m | TWD 236.7m | TWD 162.2m | TWD 174.4m | TWD 109.3m | TWD 151.5m | TWD 153.7m | TWD 190.5m |
| Operating income | TWD 899,000 | — | −TWD 26.9m | TWD 8.0m | −TWD 44.7m | TWD 5.5m | −TWD 9.9m | TWD 9.6m |
| Net income | −TWD 12.5m | TWD 20.4m | −TWD 29.6m | TWD 6.0m | −TWD 48.9m | −TWD 621,000 | −TWD 20.9m | −TWD 6.5m |
| Diluted earnings per share | -0.10 | 0.16 | -0.24 | 0.05 | -0.39 | -0.00 | -0.17 | -0.05 |
| Cash from operations | TWD 27.0m | TWD 79.0m | TWD 31.0m | TWD 42.0m | TWD 5.0m | TWD 44.0m | −TWD 71.0m | TWD 6.0m |
| Capital spending | −TWD 3.0m | — | −TWD 6.0m | −TWD 3.0m | −TWD 2.0m | −TWD 3.0m | — | −TWD 1.0m |
| Free cash flow | TWD 24.0m | — | TWD 25.0m | TWD 39.0m | TWD 3.0m | TWD 41.0m | — | TWD 5.0m |
| Total assets | TWD 1.29bn | TWD 1.34bn | TWD 1.29bn | TWD 1.22bn | TWD 1.21bn | TWD 1.45bn | TWD 1.51bn | TWD 1.42bn |
| Shareholders' equity | TWD 709.3m | TWD 719.5m | TWD 690.7m | TWD 669.4m | TWD 652.5m | TWD 736.8m | TWD 718.6m | TWD 730.2m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -8.8% | -12.4% | -55.5% | -84.4% | -77.8% | -62.3% |
| Net margin | -12.2% | -18.0% | -53.3% | -90.0% | -76.2% | -64.8% |
| Return on equity | -10.6% | -13.6% | -23.6% | -21.8% | -17.2% | -24.6% |
| Return on assets | -5.7% | -6.5% | -11.9% | -13.7% | -11.9% | -15.7% |
| Free cash flow yield | — | -4.3% | -4.1% | -1.4% | — | — |
| Revenue growth | 10.5% | 99.0% | 51.8% | -9.3% | -26.3% | -25.6% |
| Earnings growth | -25.0% | -32.7% | -10.1% | 7.1% | -13.3% | -36.2% |
| Current ratio | 2.52x | 1.93x | 3.98x | 6.43x | 14.10x | 6.30x |
| Debt to equity | — | — | 0.09x | 0.02x | 0.01x | 0.04x |
| Equity ratio | 53.4% | 47.7% | 50.5% | 62.9% | 69.1% | 63.6% |
| Interest coverage | -2.34x | -3.17x | -7.82x | -8.76x | -9.55x | -10.37x |
| R&D as a share of sales | 39.7% | 50.8% | 100.0% | 117.1% | 120.7% | 82.8% |
| Buybacks as a share of market value | — | -4.3% | -1.9% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 49.5% | 17.4% | 2.5% |
| Operating income | -28.7% | -19.7% | -9.5% |
| Net income | -23.1% | -15.9% | -6.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -11.2% | -27.4% | -36.9% | -48.6% |
| Net margin | -15.0% | -30.0% | -39.0% | -50.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -61.0 | -80.2 | -32.9 | -11.3 | -15.6 | -13.3 | -4.5 | -4.5 | -5.9 | -5.4 |
| Price to sales | 7.5 | 14.5 | 17.5 | 10.2 | 11.9 | 8.6 | 3.4 | 2.6 | 4.6 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1000-to-700 reverse split · 30 Sept 2022
- 1-to-0.761581 reverse split · 11 Feb 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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