H 
10.74
+3.47%
Close of 9 Nov 2026, in HKD
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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
$158.2m
FY2018FY2025
Net income
$91.5m
FY2018FY2025
Free cash flow
$69.6m
FY2018FY2025
Shareholders' equity
$367.1m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $158.2m | $4.9m | $11.4m | $40.7m | $4.3m | $14.1m | $5.4m | $1.5m |
| Gross profit | $147.1m | $4.3m | $11.1m | $40.5m | $4.2m | $13.7m | $4.8m | $836,000 |
| Research and development | $38.1m | $2.7m | $5.7m | $135.1m | $107.1m | $55.2m | $49.5m | $31.6m |
| Operating income | $80.7m | −$470,885 | $2.8m | −$121.9m | −$143.0m | −$87.9m | −$67.4m | −$37.1m |
| Net income | $91.5m | $354,024 | $2.9m | −$137.3m | −$137.9m | −$296.5m | −$67.5m | −$34.6m |
| Diluted earnings per share | 0.10 | 0.00 | 0.00 | -0.19 | -0.19 | -1.30 | -0.14 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $500.3m | $215.0m | $29.1m | $232.1m | $282.4m | $388.7m | $69.5m | $83.5m |
| Cash and short-term investments | $401.9m | $167.2m | $17.9m | $171.7m | $216.3m | $356.9m | $33.8m | $60.7m |
| Total liabilities | $133.1m | $91.0m | $13.9m | $139.6m | $59.4m | $27.7m | $222.9m | $169.4m |
| Debt | $81.8m | $61.3m | $8.4m | $90.9m | $19.5m | $1.7m | $1.9m | $3.1m |
| Shareholders' equity | $367.1m | $124.4m | $15.3m | $92.8m | $223.2m | $361.2m | −$153.4m | −$85.9m |
| Shares outstanding | 930m | 806m | 736m | 726m | 735m | 228m | 498m | 768m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $81.3m | $3.9m | −$2.4m | −$100.0m | −$125.6m | −$35.4m | −$46.2m | −$33.3m |
| Capital spending | −$11.8m | −$29,948 | −$316,047 | −$18.4m | −$14.2m | −$603,000 | −$13.2m | −$4.9m |
| Free cash flow | $69.6m | $3.9m | −$2.8m | −$118.4m | −$139.8m | −$36.0m | −$59.4m | −$38.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $122.2m | $56.8m | $50.7m | $1.8m | $3.0m | $6.2m | $41.0m | $13.0m |
| Gross profit | $114.1m | $51.5m | $48.2m | $1.4m | $2.9m | $5.9m | $41.0m | $13.0m |
| Operating income | $67.0m | $12.4m | $34.1m | −$444,760 | −$26,125 | $2.3m | $4.0m | −$50.5m |
| Net income | $64.7m | $19.7m | $35.9m | $172,551 | $181,472 | $2.5m | $2.9m | −$64.2m |
| Diluted earnings per share | 0.08 | 0.02 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | -0.09 |
| Cash from operations | −$9.0m | $22.0m | $507.0m | — | $2.0m | −$10.0m | $1.0m | −$58.0m |
| Capital spending | −$3.0m | −$3.0m | −$2.0m | — | — | — | −$1.0m | −$6.0m |
| Free cash flow | −$12.0m | $19.0m | $505.0m | — | — | — | $0 | −$64.0m |
| Total assets | $533.3m | $500.3m | $380.5m | $27.4m | $28.0m | $29.1m | $223.5m | $232.1m |
| Cash and short-term investments | $359.6m | $401.9m | $320.7m | $21.3m | $23.3m | $17.9m | $179.3m | $171.7m |
| Debt | $69.2m | $81.8m | $64.7m | $7.8m | $8.4m | $8.4m | $83.0m | $90.9m |
| Shareholders' equity | $417.8m | $367.1m | $282.7m | $15.9m | $15.7m | $15.3m | $100.7m | $92.8m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 93.0% | 88.2% | 97.7% | 99.7% | 96.8% | 96.8% |
| Operating margin | 51.0% | -9.7% | 29.7% | -332.1% | -3195.3% | -2102.1% |
| Net margin | 57.8% | 7.3% | 25.5% | -337.6% | -3200.5% | -2102.1% |
| Return on equity | 24.9% | 2.2% | 19.0% | -147.9% | -61.8% | -82.1% |
| Return on assets | 18.3% | 1.3% | 10.0% | -59.1% | -48.8% | -76.3% |
| Free cash flow yield | 1.1% | 0.4% | -0.2% | -1.2% | -1.6% | -1.6% |
| Revenue growth | 315.2% | -57.4% | 120.1% | 843.8% | -69.5% | 160.3% |
| Earnings growth | 3192.6% | -87.8% | -116.6% | -0.4% | -53.5% | 339.3% |
| Current ratio | 5.17x | 2.82x | 3.28x | 2.79x | 5.87x | 14.45x |
| Debt to equity | 0.21x | 0.49x | 0.54x | 0.96x | 0.07x | 0.00x |
| Equity ratio | 73.4% | 57.9% | 52.5% | 40.0% | 79.0% | 92.9% |
| Interest coverage | 39.48x | -1.05x | 6.86x | -67.96x | -782.12x | -2995.34x |
| R&D as a share of sales | 24.1% | 55.1% | 50.4% | 332.4% | 2486.1% | 391.6% |
| Buybacks as a share of market value | -15.4% | -9.6% | -1.3% | 1.2% | -222.0% | 54.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 57.3% | 62.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 92.9% | 94.4% | 94.6% | — |
| Operating margin | 49.2% | -18.1% | -115.5% | — |
| Net margin | 56.3% | -19.8% | -204.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 15.8 | — | 62.7 | -1.9 | -5.2 | -1.1 |
| Price to sales | 9.2 | 39.9 | 16.0 | 6.4 | 167.7 | 22.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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