L 
17.60
-1.68%
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 179.5m
FY2017FY2025
Net income
−TWD 85.6m
FY2017FY2025
Free cash flow
−TWD 69.9m
FY2017FY2025
Shareholders' equity
TWD 240.2m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 179.5m | TWD 189.8m | TWD 231.8m | TWD 184.8m | TWD 157.6m | TWD 181.4m | TWD 152.9m | TWD 132.4m | TWD 128.3m |
| Gross profit | TWD 107.9m | TWD 113.1m | TWD 133.9m | TWD 97.9m | TWD 96.1m | TWD 118.4m | TWD 100.2m | TWD 78.1m | TWD 65.4m |
| Research and development | TWD 82.8m | TWD 94.7m | TWD 77.3m | TWD 55.9m | TWD 55.0m | TWD 35.4m | TWD 29.2m | TWD 22.8m | TWD 17.8m |
| Operating income | −TWD 81.1m | −TWD 92.1m | −TWD 43.6m | −TWD 48.5m | −TWD 43.1m | −TWD 6.5m | −TWD 7.0m | −TWD 5.1m | −TWD 2.5m |
| Net income | −TWD 85.6m | −TWD 94.4m | −TWD 47.4m | −TWD 50.1m | −TWD 49.5m | −TWD 10.5m | −TWD 7.0m | −TWD 20.0m | −TWD 11.1m |
| Diluted earnings per share | -2.05 | -2.25 | -1.28 | -1.36 | -1.50 | -0.32 | -0.20 | -1.01 | -2.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 426.8m | TWD 476.5m | TWD 441.2m | TWD 479.7m | TWD 531.2m | TWD 523.6m | TWD 556.1m | TWD 469.4m | TWD 480.1m |
| Cash and short-term investments | — | TWD 64.7m | TWD 31.8m | TWD 40.3m | TWD 64.8m | TWD 39.0m | TWD 40.5m | TWD 53.5m | TWD 41.2m |
| Total liabilities | TWD 186.6m | TWD 150.7m | TWD 161.1m | TWD 152.2m | TWD 244.6m | TWD 232.7m | TWD 254.7m | TWD 161.2m | TWD 307.8m |
| Debt | TWD 46.7m | TWD 115.2m | TWD 125.9m | TWD 112.4m | TWD 221.5m | TWD 212.3m | TWD 230.1m | TWD 128.9m | TWD 140.3m |
| Shareholders' equity | TWD 240.2m | TWD 325.8m | TWD 280.1m | TWD 327.5m | TWD 286.7m | TWD 290.9m | TWD 301.4m | TWD 308.1m | TWD 172.4m |
| Shares outstanding | 42m | 42m | 37m | 37m | 33m | 33m | 34m | 20m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 61.4m | −TWD 70.5m | −TWD 11.7m | −TWD 7.4m | −TWD 16.2m | TWD 29.0m | TWD 59.1m | TWD 7.4m | −TWD 5.3m |
| Capital spending | −TWD 8.5m | −TWD 6.8m | −TWD 2.7m | −TWD 3.0m | −TWD 10.0m | −TWD 9.0m | −TWD 63.9m | −TWD 12.2m | −TWD 25.1m |
| Free cash flow | −TWD 69.9m | −TWD 77.3m | −TWD 14.4m | −TWD 10.4m | −TWD 26.2m | TWD 20.0m | −TWD 4.8m | −TWD 4.8m | −TWD 30.4m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 87.9m | TWD 92.4m | TWD 97.4m | TWD 117.6m | TWD 114.3m | TWD 48.8m | TWD 136.0m | TWD 78.8m |
| Gross profit | TWD 51.7m | TWD 48.6m | TWD 58.3m | TWD 68.6m | TWD 65.3m | TWD 26.6m | TWD 71.3m | TWD 48.0m |
| Operating income | −TWD 41.1m | −TWD 53.2m | −TWD 38.9m | −TWD 31.6m | −TWD 11.9m | −TWD 11.7m | −TWD 35.4m | −TWD 22.3m |
| Net income | −TWD 42.5m | −TWD 53.7m | −TWD 40.7m | −TWD 32.6m | −TWD 14.7m | −TWD 11.7m | −TWD 38.4m | −TWD 24.7m |
| Diluted earnings per share | -1.02 | -1.28 | -0.97 | -0.89 | -0.40 | -0.32 | -1.04 | -0.75 |
| Cash from operations | −TWD 39.0m | −TWD 38.0m | −TWD 32.0m | −TWD 8.0m | −TWD 3.0m | — | — | −TWD 8.0m |
| Capital spending | −TWD 8.0m | −TWD 2.0m | −TWD 2.0m | — | −TWD 1.0m | — | — | −TWD 5.0m |
| Free cash flow | −TWD 47.0m | −TWD 40.0m | −TWD 34.0m | — | −TWD 4.0m | — | — | −TWD 13.0m |
| Total assets | TWD 452.5m | TWD 476.5m | TWD 579.5m | TWD 441.2m | TWD 466.4m | TWD 479.7m | — | TWD 531.2m |
| Cash and short-term investments | TWD 40.3m | TWD 64.7m | TWD 174.8m | TWD 31.8m | TWD 31.4m | TWD 40.3m | — | TWD 64.8m |
| Debt | TWD 111.5m | TWD 83.4m | TWD 141.8m | TWD 26.0m | TWD 25.3m | TWD 19.0m | — | TWD 110.2m |
| Shareholders' equity | TWD 283.3m | TWD 325.8m | TWD 379.5m | TWD 280.1m | TWD 312.8m | TWD 327.5m | — | TWD 286.7m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 60.1% | 59.6% | 57.8% | 53.0% | 60.9% | 65.3% |
| Operating margin | -44.9% | -48.2% | -19.1% | -25.4% | -27.5% | -2.8% |
| Net margin | -47.7% | -49.7% | -20.4% | -27.1% | -31.4% | -5.8% |
| Return on equity | -35.7% | -29.0% | -16.9% | -15.3% | -17.3% | -3.6% |
| Return on assets | -20.1% | -19.8% | -10.7% | -10.4% | -9.3% | -2.0% |
| Free cash flow yield | -7.0% | -8.5% | -1.4% | -0.7% | -1.0% | 6.4% |
| Revenue growth | -5.4% | -18.1% | 25.5% | 17.2% | -13.1% | 18.7% |
| Earnings growth | -9.3% | 99.3% | -5.4% | 1.2% | 369.5% | 50.8% |
| Current ratio | 0.80x | 2.19x | 1.52x | 1.87x | 0.92x | 0.81x |
| Debt to equity | 0.19x | 0.26x | 0.34x | 0.23x | 0.61x | 0.28x |
| Equity ratio | 56.3% | 68.4% | 63.5% | 68.3% | 54.0% | 55.6% |
| Interest coverage | -25.09x | -30.08x | -14.39x | -16.10x | -9.83x | -1.06x |
| R&D as a share of sales | 46.1% | 49.9% | 33.4% | 30.3% | 34.9% | 19.5% |
| Buybacks as a share of market value | 0.0% | -13.6% | 0.0% | -11.5% | 0.0% | 3.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.0% | -0.2% | — |
| Operating income | 18.7% | 65.8% | — |
| Net income | 19.6% | 52.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 59.8% | 57.6% | 59.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -15.2 | -13.2 | -23.6 | -23.2 | -27.9 | -167.9 |
| Price to sales | 7.2 | 6.6 | 4.8 | 6.3 | 8.8 | 9.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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