B 
20.80
+2.97%
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 2.6m
FY2018FY2025
Net income
−TWD 99.8m
FY2018FY2025
Free cash flow
−TWD 96.7m
FY2018FY2025
Shareholders' equity
TWD 307.2m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Revenue | TWD 2.6m | TWD 12.3m | TWD 1.2m | TWD 2.2m | TWD 872,000 | — | — |
| Gross profit | TWD 2.3m | TWD 11.9m | −TWD 7.2m | TWD 1.9m | TWD 773,000 | −TWD 21.2m | — |
| Research and development | TWD 48.9m | TWD 46.9m | TWD 40.5m | TWD 31.6m | TWD 43.9m | TWD 47.1m | TWD 40.3m |
| Operating income | −TWD 100.7m | −TWD 85.8m | −TWD 72.6m | −TWD 70.8m | −TWD 67.0m | −TWD 65.1m | −TWD 56.9m |
| Net income | −TWD 99.8m | −TWD 87.6m | −TWD 73.3m | −TWD 70.9m | −TWD 67.2m | −TWD 64.8m | −TWD 56.7m |
| Diluted earnings per share | -2.02 | -2.50 | -2.11 | -2.16 | -1.36 | -1.31 | -1.83 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Total assets | TWD 425.2m | TWD 529.7m | TWD 264.7m | TWD 273.1m | TWD 152.8m | TWD 221.5m | TWD 170.2m |
| Cash and short-term investments | — | TWD 352.7m | TWD 81.6m | TWD 81.9m | TWD 98.4m | TWD 149.8m | TWD 90.6m |
| Total liabilities | TWD 117.9m | TWD 122.6m | TWD 124.7m | TWD 132.6m | TWD 14.9m | TWD 19.7m | TWD 8.8m |
| Debt | TWD 96.3m | TWD 107.3m | TWD 113.4m | TWD 121.9m | TWD 5.7m | TWD 12.7m | — |
| Shareholders' equity | TWD 307.2m | TWD 407.1m | TWD 139.9m | TWD 140.5m | TWD 137.9m | TWD 201.8m | TWD 161.4m |
| Shares outstanding | 49m | 35m | 35m | 33m | 49m | 49m | 31m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 94.7m | −TWD 67.0m | −TWD 62.9m | −TWD 54.6m | −TWD 44.8m | −TWD 46.2m | −TWD 46.2m |
| Capital spending | −TWD 1.9m | −TWD 615,000 | −TWD 1.8m | −TWD 152.7m | −TWD 3.1m | −TWD 277,000 | −TWD 6.2m |
| Free cash flow | −TWD 96.7m | −TWD 67.6m | −TWD 64.7m | −TWD 207.3m | −TWD 48.0m | −TWD 46.5m | −TWD 52.4m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.0m | TWD 10.6m | TWD 1.7m | TWD 488,000 | TWD 720,000 | TWD 1.1m | TWD 1.1m | TWD 872,000 |
| Gross profit | −TWD 2.8m | TWD 6.4m | −TWD 2.5m | −TWD 3.6m | −TWD 3.5m | −TWD 4.9m | TWD 934,000 | TWD 773,000 |
| Operating income | −TWD 49.2m | −TWD 44.6m | −TWD 41.1m | −TWD 37.4m | −TWD 35.1m | −TWD 33.8m | −TWD 37.0m | −TWD 33.0m |
| Net income | −TWD 49.1m | −TWD 45.5m | −TWD 42.0m | −TWD 38.1m | −TWD 35.2m | −TWD 34.1m | −TWD 36.8m | −TWD 33.1m |
| Diluted earnings per share | -0.99 | -1.30 | -1.20 | -1.10 | -1.01 | -1.04 | -1.20 | -1.07 |
| Cash from operations | −TWD 49.0m | −TWD 26.0m | −TWD 40.0m | −TWD 30.0m | −TWD 32.0m | −TWD 24.0m | — | — |
| Capital spending | — | — | — | — | −TWD 1.0m | −TWD 105.0m | — | — |
| Free cash flow | — | — | — | — | −TWD 33.0m | −TWD 129.0m | — | — |
| Total assets | TWD 473.5m | TWD 529.7m | TWD 280.6m | TWD 264.7m | TWD 303.0m | TWD 273.1m | TWD 184.3m | TWD 152.8m |
| Cash and short-term investments | TWD 300.1m | TWD 352.7m | TWD 98.9m | TWD 81.6m | TWD 116.3m | TWD 81.9m | TWD 91.0m | TWD 98.4m |
| Debt | TWD 104.4m | TWD 107.3m | TWD 110.0m | TWD 7.2m | TWD 7.6m | TWD 8.5m | — | TWD 263,000 |
| Shareholders' equity | TWD 358.0m | TWD 407.1m | TWD 97.9m | TWD 139.9m | TWD 178.0m | TWD 140.5m | TWD 174.6m | TWD 137.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.5% | — | — |
| Operating income | 12.4% | 9.1% | — |
| Net income | 12.1% | 9.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 94.9% | 48.9% | — | — |
| Operating margin | -1249.2% | -1801.3% | — | — |
| Net margin | -1255.7% | -1811.3% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -11.5 | -12.0 | -17.9 | -17.1 | -30.1 |
| Price to sales | 438.6 | 85.3 | — | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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