U 
65.00
+0.78%
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 30.1m
FY2017FY2025
Net income
−TWD 114.8m
FY2017FY2025
Free cash flow
−TWD 96.8m
FY2017FY2025
Shareholders' equity
TWD 865.4m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 30.1m | TWD 31.9m | TWD 24.6m | TWD 14.4m | TWD 8.2m | TWD 4.0m | TWD 15.7m | TWD 5.5m | TWD 6.0m |
| Research and development | TWD 92.4m | TWD 88.6m | TWD 82.8m | TWD 74.9m | TWD 69.9m | TWD 91.8m | TWD 93.5m | TWD 66.2m | TWD 49.2m |
| Operating income | −TWD 130.3m | −TWD 102.9m | −TWD 96.3m | −TWD 92.1m | −TWD 87.3m | −TWD 108.3m | −TWD 101.0m | −TWD 69.0m | −TWD 44.2m |
| Net income | −TWD 114.8m | −TWD 93.1m | −TWD 84.1m | −TWD 91.2m | −TWD 86.4m | −TWD 109.2m | −TWD 100.9m | −TWD 40.5m | −TWD 42.9m |
| Diluted earnings per share | -1.89 | -1.57 | -1.52 | -2.15 | -2.29 | -2.91 | -3.15 | -2.51 | -3.94 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 946.0m | TWD 777.9m | TWD 685.9m | TWD 414.3m | TWD 297.7m | TWD 391.2m | TWD 356.2m | TWD 286.1m | TWD 141.5m |
| Cash and short-term investments | TWD 752.0m | TWD 553.5m | TWD 477.3m | TWD 213.9m | TWD 141.0m | TWD 232.1m | TWD 235.9m | TWD 253.0m | TWD 122.9m |
| Total liabilities | TWD 80.6m | TWD 93.3m | TWD 89.5m | TWD 80.5m | TWD 34.7m | TWD 47.8m | TWD 61.9m | TWD 13.1m | TWD 4.2m |
| Debt | TWD 6.3m | TWD 68.2m | TWD 74.3m | TWD 66.6m | TWD 21.6m | TWD 10.2m | TWD 9.9m | — | — |
| Shareholders' equity | TWD 865.4m | TWD 684.6m | TWD 596.4m | TWD 333.9m | TWD 263.0m | TWD 343.4m | TWD 294.3m | TWD 273.0m | TWD 137.3m |
| Shares outstanding | 61m | 59m | 56m | 42m | 38m | 38m | 32m | 16m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 91.3m | −TWD 61.5m | −TWD 65.5m | −TWD 63.6m | −TWD 61.7m | −TWD 92.2m | −TWD 77.2m | −TWD 58.0m | −TWD 42.4m |
| Capital spending | −TWD 5.5m | −TWD 5.7m | −TWD 16.0m | −TWD 14.6m | −TWD 24.0m | −TWD 56.8m | −TWD 50.8m | −TWD 10.4m | −TWD 1.9m |
| Free cash flow | −TWD 96.8m | −TWD 67.2m | −TWD 81.5m | −TWD 78.2m | −TWD 85.7m | −TWD 149.0m | −TWD 127.9m | −TWD 68.4m | −TWD 44.3m |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -432.8% | -287.3% | -336.2% | -624.4% | -1048.3% | -2718.9% |
| Net margin | -381.5% | -291.9% | -342.1% | -633.2% | -1056.3% | -2742.6% |
| Return on equity | -13.3% | -13.6% | -14.1% | -27.3% | -32.8% | -31.8% |
| Return on assets | -12.1% | -12.0% | -12.3% | -22.0% | -29.0% | -27.9% |
| Free cash flow yield | -2.0% | -1.4% | -1.3% | -1.7% | -1.4% | -1.4% |
| Revenue growth | -5.6% | 29.7% | 70.8% | 76.1% | 105.3% | -74.7% |
| Earnings growth | 23.4% | 10.7% | -7.7% | 5.5% | -20.9% | 8.2% |
| Current ratio | 37.98x | 21.83x | 29.99x | 14.38x | 7.64x | 10.83x |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.02x | 0.03x | 0.03x |
| Equity ratio | 91.5% | 88.0% | 87.0% | 80.6% | 88.3% | 87.8% |
| Interest coverage | -97.29x | -62.44x | -56.93x | -71.58x | -130.67x | -114.69x |
| R&D as a share of sales | 307.1% | 278.0% | 336.7% | 520.3% | 854.5% | 2304.2% |
| Buybacks as a share of market value | -2.6% | -6.9% | -31.0% | -12.2% | -0.6% | -17.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.9% | 49.9% | — |
| Operating income | 12.3% | 3.8% | — |
| Net income | 8.0% | 1.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -47.5 | -43.5 | -54.5 | -14.9 | -18.8 | -14.1 |
| Price to sales | 181.3 | 127.1 | 186.5 | 94.2 | 198.5 | 385.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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