G
108.00
+7.46%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 36.4m
FY2016FY2025
Net income
−TWD 114.1m
FY2016FY2025
Free cash flow
−TWD 138.2m
FY2016FY2025
Shareholders' equity
TWD 2.53bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 36.4m | TWD 32.0m | TWD 18.9m | TWD 1.1m | TWD 1.1m | TWD 833,000 | TWD 248,000 | TWD 62,000 | TWD 1.1m | TWD 93,000 |
| Research and development | TWD 119.5m | TWD 63.3m | TWD 52.6m | TWD 194.3m | TWD 83.1m | TWD 76.3m | TWD 82.5m | TWD 72.1m | TWD 83.1m | TWD 42.0m |
| Operating income | −TWD 208.9m | −TWD 156.1m | −TWD 133.3m | −TWD 260.7m | −TWD 120.8m | −TWD 117.4m | −TWD 128.8m | −TWD 123.8m | −TWD 138.1m | −TWD 106.9m |
| Net income | −TWD 114.1m | −TWD 82.5m | −TWD 92.0m | −TWD 254.2m | −TWD 121.6m | −TWD 93.1m | −TWD 109.8m | −TWD 110.7m | −TWD 123.8m | −TWD 101.9m |
| Diluted earnings per share | -0.93 | -0.65 | -0.81 | -2.25 | -1.09 | -0.88 | -1.02 | -1.05 | -1.21 | -1.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 2.80bn | TWD 3.38bn | TWD 1.52bn | TWD 1.62bn | TWD 1.17bn | TWD 1.20bn | TWD 774.7m | TWD 933.6m | TWD 653.9m | TWD 790.2m |
| Cash and short-term investments | — | — | — | — | — | TWD 1.05bn | TWD 646.1m | TWD 752.9m | TWD 532.5m | TWD 667.2m |
| Total liabilities | TWD 279.2m | TWD 281.8m | TWD 203.5m | TWD 248.7m | TWD 184.4m | TWD 111.0m | TWD 109.1m | TWD 162.6m | TWD 105.8m | TWD 107.8m |
| Debt | — | TWD 126.7m | TWD 77.2m | TWD 141.7m | TWD 115.1m | TWD 36.1m | TWD 23.6m | TWD 98.7m | TWD 37.3m | TWD 24.7m |
| Shareholders' equity | TWD 2.53bn | TWD 3.11bn | TWD 1.32bn | TWD 1.39bn | TWD 970.7m | TWD 1.09bn | TWD 665.6m | TWD 770.9m | TWD 548.0m | TWD 682.4m |
| Shares outstanding | 123m | 126m | 113m | 113m | 111m | 106m | 107m | 105m | 102m | 99m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 135.8m | −TWD 87.4m | −TWD 110.8m | −TWD 232.2m | −TWD 95.5m | −TWD 87.3m | −TWD 99.1m | −TWD 108.1m | −TWD 108.7m | −TWD 92.8m |
| Capital spending | −TWD 2.5m | −TWD 206.1m | −TWD 1.1m | −TWD 6.2m | −TWD 54,000 | −TWD 30.1m | −TWD 8.3m | −TWD 59.5m | −TWD 303,000 | −TWD 13.9m |
| Free cash flow | −TWD 138.2m | −TWD 293.5m | −TWD 111.9m | −TWD 238.4m | −TWD 95.6m | −TWD 117.4m | −TWD 107.5m | −TWD 167.6m | −TWD 109.0m | −TWD 106.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 12.7m | TWD 9.5m | TWD 7.9m | TWD 12.2m | TWD 8.7m | TWD 7.6m | TWD 8.9m | TWD 9.2m |
| Operating income | −TWD 64.4m | −TWD 52.9m | −TWD 68.4m | −TWD 57.0m | −TWD 44.6m | −TWD 38.9m | −TWD 53.7m | −TWD 37.5m |
| Net income | −TWD 42.3m | −TWD 39.6m | −TWD 47.5m | −TWD 35.0m | −TWD 19.8m | −TWD 11.7m | −TWD 21.8m | −TWD 9.8m |
| Diluted earnings per share | -0.35 | -0.33 | -0.39 | -0.29 | -0.16 | -0.09 | -0.17 | -0.08 |
| Cash from operations | −TWD 59.0m | −TWD 41.0m | −TWD 55.0m | −TWD 38.0m | −TWD 16.0m | −TWD 24.0m | −TWD 24.0m | −TWD 25.0m |
| Capital spending | −TWD 1.0m | — | — | — | — | — | −TWD 6.0m | — |
| Free cash flow | −TWD 60.0m | — | — | — | — | — | −TWD 30.0m | — |
| Total assets | TWD 2.64bn | TWD 2.68bn | TWD 2.80bn | TWD 2.77bn | TWD 2.70bn | TWD 3.21bn | TWD 3.38bn | TWD 3.45bn |
| Shareholders' equity | TWD 2.33bn | TWD 2.40bn | TWD 2.53bn | TWD 2.52bn | TWD 2.47bn | TWD 2.96bn | TWD 3.11bn | TWD 3.19bn |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating margin | -317.5% | -273.3% | -496.9% | -25279.8% | -10571.0% |
| Net margin | -313.1% | -257.6% | -486.6% | -22238.8% | -10637.0% |
| Return on equity | -4.5% | -2.7% | -7.0% | -18.3% | -12.5% |
| Return on assets | -4.1% | -2.4% | -6.1% | -15.7% | -10.4% |
| Revenue growth | 13.8% | 69.4% | 1554.9% | 0.0% | — |
| Earnings growth | 38.3% | -10.3% | -63.8% | 109.1% | — |
| Current ratio | 10.36x | 13.36x | 8.86x | 6.99x | 5.95x |
| Equity ratio | 90.5% | 91.9% | 86.8% | 85.8% | 82.8% |
| Interest coverage | -22.42x | -20.35x | -13.07x | -90.72x | -102.39x |
| R&D as a share of sales | 327.8% | 197.5% | 278.3% | 17000.9% | 7266.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 217.1% | 112.9% | — |
| Operating income | -7.1% | 12.2% | 15.3% |
| Net income | -23.4% | 4.2% | 9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -533.1% | -857.3% | -1101.7% | — |
| Net margin | -287.2% | -613.1% | -836.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -92.5 | -173.3 | -221.0 | -138.6 | -253.6 | -270.9 | -75.4 | -61.1 | -51.3 |
| Price to sales | 289.7 | 446.6 | — | — | — | — | — | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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