K 
17.80
+5.95%
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 157.1m
FY2018FY2025
Net income
−TWD 213.3m
FY2018FY2025
Free cash flow
−TWD 254.2m
FY2018FY2025
Shareholders' equity
TWD 583.8m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 157.1m | TWD 110.3m | TWD 71.2m | TWD 46.6m | TWD 19.6m | TWD 19.4m | TWD 8.2m | TWD 6.5m |
| Gross profit | −TWD 21.0m | −TWD 65.2m | −TWD 77.7m | −TWD 72.6m | −TWD 64.5m | −TWD 52.6m | −TWD 45.2m | −TWD 17.1m |
| Research and development | TWD 64.2m | TWD 59.1m | TWD 41.9m | TWD 24.0m | TWD 12.2m | TWD 7.8m | TWD 3.4m | TWD 1.6m |
| Operating income | −TWD 198.2m | −TWD 171.9m | −TWD 155.6m | −TWD 138.5m | −TWD 119.8m | −TWD 84.5m | −TWD 64.3m | −TWD 33.5m |
| Net income | −TWD 213.3m | −TWD 184.7m | −TWD 161.8m | −TWD 118.6m | −TWD 118.6m | −TWD 83.7m | −TWD 65.1m | −TWD 33.4m |
| Diluted earnings per share | -2.64 | -2.48 | -2.17 | -2.05 | -2.41 | -2.41 | -2.61 | -1.67 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 710.3m | TWD 810.4m | TWD 588.0m | TWD 563.5m | TWD 741.9m | TWD 329.6m | TWD 159.2m | TWD 162.8m |
| Cash and short-term investments | — | TWD 416.7m | TWD 133.2m | TWD 106.3m | TWD 284.7m | TWD 9.9m | TWD 11.4m | TWD 19.9m |
| Total liabilities | TWD 88.8m | TWD 72.8m | TWD 87.5m | TWD 80.6m | TWD 144.3m | TWD 71.5m | TWD 45.5m | TWD 23.3m |
| Debt | — | TWD 28.6m | TWD 42.2m | TWD 55.3m | TWD 76.3m | TWD 40.5m | TWD 36.5m | TWD 13.9m |
| Shareholders' equity | TWD 583.8m | TWD 739.3m | TWD 501.3m | TWD 483.0m | TWD 598.0m | TWD 258.2m | TWD 113.7m | TWD 139.6m |
| Shares outstanding | 81m | 75m | 74m | 58m | 49m | 35m | 25m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 135.7m | −TWD 97.1m | −TWD 95.4m | −TWD 133.6m | TWD 12.5m | −TWD 165.5m | −TWD 47.2m | −TWD 19.0m |
| Capital spending | −TWD 118.6m | −TWD 8.8m | −TWD 36.8m | −TWD 77.7m | −TWD 112.3m | −TWD 71.6m | −TWD 41.8m | −TWD 76.3m |
| Free cash flow | −TWD 254.2m | −TWD 105.8m | −TWD 132.2m | −TWD 211.3m | −TWD 99.8m | −TWD 237.0m | −TWD 89.1m | −TWD 95.3m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 69.4m | TWD 51.5m | TWD 58.8m | TWD 55.0m | TWD 16.2m | TWD 16.7m | TWD 29.9m | TWD 9.8m |
| Gross profit | −TWD 30.3m | −TWD 43.0m | −TWD 31.5m | −TWD 30.1m | −TWD 47.6m | −TWD 29.8m | −TWD 42.9m | −TWD 32.3m |
| Operating income | −TWD 81.1m | −TWD 96.1m | −TWD 75.7m | −TWD 75.8m | −TWD 79.8m | −TWD 52.0m | −TWD 71.1m | −TWD 57.4m |
| Net income | −TWD 84.0m | −TWD 110.8m | −TWD 73.9m | −TWD 81.0m | −TWD 80.7m | −TWD 34.4m | −TWD 84.1m | −TWD 59.3m |
| Diluted earnings per share | -1.04 | -1.49 | -0.99 | -1.09 | -1.09 | -0.59 | -1.45 | -1.21 |
| Cash from operations | −TWD 67.0m | −TWD 55.0m | −TWD 42.0m | −TWD 54.0m | −TWD 41.0m | −TWD 58.0m | — | TWD 6.0m |
| Capital spending | −TWD 79.0m | −TWD 4.0m | −TWD 4.0m | −TWD 4.0m | −TWD 31.0m | −TWD 5.0m | — | −TWD 56.0m |
| Free cash flow | −TWD 146.0m | −TWD 59.0m | −TWD 46.0m | −TWD 58.0m | −TWD 72.0m | −TWD 63.0m | — | −TWD 50.0m |
| Total assets | TWD 810.9m | TWD 810.4m | TWD 529.2m | TWD 588.0m | TWD 668.4m | TWD 563.5m | — | TWD 741.9m |
| Cash and short-term investments | TWD 328.8m | TWD 416.7m | TWD 96.9m | TWD 133.2m | TWD 207.2m | TWD 106.3m | — | TWD 284.7m |
| Debt | TWD 14.4m | TWD 19.8m | TWD 47.0m | TWD 35.9m | TWD 44.5m | TWD 40.3m | — | TWD 62.3m |
| Shareholders' equity | TWD 705.2m | TWD 739.3m | TWD 428.6m | TWD 501.3m | TWD 581.5m | TWD 483.0m | — | TWD 598.0m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | -13.4% | -59.1% | -109.1% | -155.9% | -329.9% | -271.3% | — |
| Operating margin | -142.8% | -166.1% | -224.9% | -247.1% | -596.7% | -424.5% | — |
| Net margin | -135.8% | -167.4% | -227.1% | -254.5% | -606.5% | -431.4% | — |
| Return on equity | -36.5% | -25.0% | -32.3% | -24.5% | -19.8% | -32.4% | — |
| Return on assets | -30.0% | -22.8% | -27.5% | -21.0% | -16.0% | -25.4% | — |
| Free cash flow yield | -1.1% | -5.9% | -3.9% | -4.8% | 12.7% | -13.5% | — |
| Revenue growth | 42.4% | 54.8% | 53.0% | 138.2% | 0.8% | 136.2% | — |
| Earnings growth | 15.5% | 14.1% | 36.5% | -0.0% | 41.7% | 28.6% | — |
| Current ratio | 4.55x | 7.91x | 2.73x | 2.64x | 2.68x | 2.24x | — |
| Debt to equity | — | 0.03x | 0.07x | 0.09x | 0.11x | 0.11x | 0.22x |
| Equity ratio | 82.2% | 91.2% | 85.3% | 85.7% | 80.6% | 78.3% | — |
| Interest coverage | -287.52x | -86.68x | -70.06x | -33.73x | -63.94x | -61.22x | — |
| R&D as a share of sales | 40.9% | 53.6% | 58.8% | 51.6% | 62.4% | 40.3% | — |
| Buybacks as a share of market value | -8.3% | -0.2% | -28.5% | -17.7% | -41.9% | -39.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 50.0% | 51.9% | — |
| Operating income | 12.7% | 18.6% | — |
| Net income | 21.6% | 20.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -32.3% | -61.4% | -83.4% | — |
| Operating margin | -138.4% | -172.4% | -204.8% | — |
| Net margin | -148.9% | -176.1% | -207.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -8.7 | -12.2 | -4.0 | -4.7 | -9.6 |
| Price to sales | 11.8 | 20.3 | 9.0 | 11.8 | 58.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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