M 
75.00
+1.08%
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 169.6m
FY2016FY2025
Net income
−TWD 64.9m
FY2016FY2025
Free cash flow
−TWD 59.9m
FY2016FY2025
Shareholders' equity
TWD 214.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 169.6m | TWD 221.7m | TWD 202.5m | TWD 202.9m | TWD 159.8m | TWD 135.1m | TWD 77.4m | TWD 38.1m | TWD 5.7m | TWD 2.2m |
| Research and development | TWD 96.9m | TWD 103.3m | TWD 95.7m | TWD 96.8m | TWD 69.0m | TWD 42.4m | TWD 47.2m | TWD 34.3m | TWD 27.3m | TWD 19.8m |
| Operating income | −TWD 65.5m | −TWD 139.0m | −TWD 172.3m | −TWD 171.0m | −TWD 133.3m | −TWD 134.0m | −TWD 118.6m | −TWD 66.3m | −TWD 55.3m | −TWD 42.8m |
| Net income | −TWD 64.9m | −TWD 138.2m | −TWD 168.0m | −TWD 171.3m | −TWD 139.6m | −TWD 134.5m | −TWD 116.5m | −TWD 64.0m | −TWD 55.0m | −TWD 42.6m |
| Diluted earnings per share | -1.93 | -4.07 | -5.41 | -6.44 | -4.14 | -3.99 | -3.46 | -5.26 | -6.36 | -5.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 432.7m | TWD 289.9m | TWD 279.8m | TWD 293.2m | TWD 178.4m | TWD 154.9m | — | TWD 41.9m | TWD 10.6m | TWD 42.3m |
| Cash and short-term investments | — | TWD 210.3m | TWD 160.8m | TWD 155.8m | TWD 69.3m | TWD 80.8m | — | TWD 13.5m | TWD 3.1m | TWD 34.9m |
| Total liabilities | TWD 218.4m | TWD 217.6m | TWD 238.1m | TWD 239.1m | TWD 161.1m | TWD 101.8m | — | TWD 27.7m | TWD 7.6m | TWD 5.4m |
| Debt | — | TWD 24.0m | TWD 48.8m | TWD 70.2m | TWD 55.4m | TWD 32.6m | TWD 7.8m | — | — | — |
| Shareholders' equity | TWD 214.3m | TWD 72.2m | TWD 41.7m | TWD 54.2m | TWD 17.3m | TWD 53.1m | — | TWD 14.3m | TWD 3.0m | TWD 36.9m |
| Shares outstanding | 34m | 34m | 31m | 27m | 34m | 34m | 34m | 12m | 9m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 57.6m | −TWD 96.8m | −TWD 114.9m | −TWD 114.1m | −TWD 125.1m | −TWD 114.9m | −TWD 95.8m | −TWD 56.7m | −TWD 52.2m | −TWD 41.3m |
| Capital spending | −TWD 2.3m | −TWD 293,000 | −TWD 14.8m | −TWD 9.3m | −TWD 14.0m | −TWD 4.8m | −TWD 8.3m | −TWD 5.9m | −TWD 744,000 | −TWD 613,000 |
| Free cash flow | −TWD 59.9m | −TWD 97.1m | −TWD 129.7m | −TWD 123.4m | −TWD 139.2m | −TWD 119.8m | −TWD 104.1m | −TWD 62.6m | −TWD 52.9m | −TWD 41.9m |
Latest quarters
By quarter end
| Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 40.1m | TWD 40.1m | TWD 45.0m | TWD 45.0m | TWD 65.9m | TWD 65.9m | TWD 51.0m | TWD 51.0m |
| Operating income | −TWD 19.4m | −TWD 19.4m | −TWD 32.8m | −TWD 32.8m | −TWD 36.7m | −TWD 36.7m | −TWD 45.9m | −TWD 45.9m |
| Net income | −TWD 19.4m | −TWD 19.4m | −TWD 32.5m | −TWD 32.5m | −TWD 36.6m | −TWD 36.6m | −TWD 44.0m | −TWD 44.0m |
| Diluted earnings per share | -0.57 | -0.57 | -0.96 | -0.96 | -1.08 | -1.08 | -1.42 | -1.42 |
| Cash from operations | −TWD 25.0m | −TWD 25.0m | −TWD 20.0m | −TWD 20.0m | −TWD 27.0m | −TWD 27.0m | −TWD 18.0m | −TWD 18.0m |
| Total assets | TWD 210.3m | TWD 210.3m | TWD 289.9m | TWD 289.9m | TWD 277.6m | TWD 277.6m | TWD 279.8m | TWD 279.8m |
| Cash and short-term investments | TWD 145.9m | TWD 129.6m | TWD 210.3m | TWD 182.6m | TWD 149.5m | TWD 149.5m | TWD 160.8m | TWD 138.8m |
| Debt | TWD 9.2m | TWD 9.2m | TWD 24.0m | TWD 15.6m | TWD 42.2m | TWD 19.4m | TWD 18.9m | TWD 18.9m |
| Shareholders' equity | TWD 37.5m | TWD 37.5m | TWD 72.2m | TWD 72.2m | TWD 31.6m | TWD 31.6m | TWD 41.7m | TWD 41.7m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -37.8% | -61.5% | -82.1% | -83.5% | -86.7% | -99.3% |
| Net margin | -38.3% | -62.3% | -83.0% | -84.5% | -87.4% | -99.5% |
| Return on equity | -30.3% | -191.4% | -402.7% | -316.4% | -808.0% | -253.2% |
| Return on assets | -15.0% | -47.7% | -60.0% | -58.4% | -78.2% | -86.8% |
| Free cash flow yield | -2.1% | -3.7% | -4.2% | -5.1% | — | — |
| Revenue growth | -23.5% | 9.5% | -0.2% | 27.0% | 18.2% | 74.6% |
| Earnings growth | -53.1% | -17.7% | -2.0% | 22.8% | 3.8% | 15.4% |
| Current ratio | 2.62x | 1.38x | 1.19x | 1.18x | 1.46x | 1.74x |
| Debt to equity | 0.00x | 0.33x | 0.73x | 0.76x | 2.46x | 0.26x |
| Equity ratio | 49.5% | 24.9% | 14.9% | 18.5% | 9.7% | 34.3% |
| Interest coverage | -80.50x | -75.91x | -92.77x | -95.64x | -135.43x | -353.85x |
| R&D as a share of sales | 57.2% | 46.6% | 47.3% | 47.7% | 43.2% | 31.4% |
| Buybacks as a share of market value | 0.9% | -9.4% | -16.8% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.8% | 4.6% | — |
| Operating income | -27.4% | -13.3% | — |
| Net income | -27.7% | -13.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -41.5 | -10.7 | -8.3 | -7.6 | -14.1 | -12.4 | -21.2 |
| Price to sales | 15.9 | 6.7 | 6.9 | 6.4 | 12.3 | 12.4 | 32.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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