A 
90.00
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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 60.1m
FY2019FY2025
Net income
−TWD 29.7m
FY2019FY2025
Free cash flow
−TWD 25.7m
FY2019FY2025
Shareholders' equity
TWD 164.9m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | TWD 60.1m | TWD 50.2m | TWD 27.4m | TWD 13.1m | TWD 9.6m | TWD 1.0m | — |
| Gross profit | TWD 37.5m | TWD 31.7m | TWD 12.9m | TWD 6.1m | TWD 6.4m | TWD 343,000 | — |
| Research and development | TWD 29.9m | TWD 26.8m | TWD 20.5m | TWD 26.3m | TWD 13.6m | TWD 11.0m | — |
| Operating income | −TWD 32.7m | −TWD 30.2m | −TWD 41.2m | −TWD 55.2m | −TWD 20.4m | −TWD 12.0m | — |
| Net income | −TWD 29.7m | −TWD 27.4m | −TWD 38.2m | −TWD 54.7m | −TWD 20.4m | −TWD 11.9m | −TWD 5.6m |
| Diluted earnings per share | -1.95 | -1.80 | -2.51 | -4.32 | -2.64 | -2.29 | -1.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | TWD 207.2m | TWD 226.9m | TWD 259.4m | TWD 290.2m | TWD 136.7m | TWD 43.5m | — |
| Cash and short-term investments | — | TWD 202.8m | TWD 220.0m | TWD 276.6m | TWD 129.7m | TWD 43.4m | −TWD 89,000 |
| Total liabilities | TWD 42.3m | TWD 32.3m | TWD 37.5m | TWD 30.0m | TWD 21.9m | TWD 14.3m | TWD 89,000 |
| Debt | — | TWD 85,000 | TWD 4,000 | — | — | — | TWD 89,000 |
| Shareholders' equity | TWD 164.9m | TWD 194.6m | TWD 221.9m | TWD 260.1m | TWD 114.8m | TWD 29.2m | — |
| Shares outstanding | 15m | 15m | 15m | 13m | 8m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 24.6m | −TWD 20.7m | −TWD 53.1m | −TWD 45.8m | −TWD 18.8m | −TWD 3.6m | −TWD 2.8m |
| Capital spending | −TWD 1.1m | — | −TWD 762,000 | −TWD 7.4m | −TWD 865,000 | — | — |
| Free cash flow | −TWD 25.7m | −TWD 20.7m | −TWD 53.9m | −TWD 53.2m | −TWD 19.7m | −TWD 3.6m | −TWD 2.8m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 30.1m | TWD 25.0m | TWD 25.2m | TWD 20.1m | TWD 7.3m | TWD 7.2m | TWD 5.8m | TWD 4.8m |
| Gross profit | TWD 18.3m | TWD 14.1m | TWD 17.1m | TWD 8.9m | TWD 4.0m | TWD 3.1m | TWD 3.0m | TWD 3.2m |
| Operating income | −TWD 16.6m | −TWD 16.5m | −TWD 13.7m | −TWD 19.1m | −TWD 22.1m | −TWD 25.6m | −TWD 29.5m | −TWD 10.2m |
| Net income | −TWD 15.1m | −TWD 15.2m | −TWD 12.2m | −TWD 17.5m | −TWD 20.7m | −TWD 25.3m | −TWD 29.4m | −TWD 10.2m |
| Diluted earnings per share | -0.99 | -1.00 | -0.80 | -1.15 | -1.36 | -2.00 | -2.32 | -1.32 |
| Cash from operations | −TWD 19.0m | −TWD 4.0m | −TWD 16.0m | −TWD 29.0m | −TWD 23.0m | −TWD 23.0m | −TWD 22.0m | −TWD 9.0m |
| Capital spending | — | −TWD 4.0m | −TWD 33.0m | — | — | −TWD 2.0m | — | — |
| Free cash flow | — | −TWD 8.0m | −TWD 49.0m | — | — | −TWD 25.0m | — | — |
| Total assets | TWD 209.5m | TWD 226.9m | TWD 243.8m | TWD 259.4m | TWD 264.5m | TWD 290.2m | — | TWD 136.7m |
| Cash and short-term investments | TWD 182.3m | TWD 202.8m | TWD 207.0m | TWD 220.0m | TWD 253.0m | TWD 276.6m | — | TWD 129.7m |
| Debt | TWD 233,000 | TWD 85,000 | TWD 80,000 | TWD 4,000 | — | — | — | — |
| Shareholders' equity | TWD 179.4m | TWD 194.6m | TWD 209.7m | TWD 221.9m | TWD 239.5m | TWD 260.1m | — | TWD 114.8m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 62.4% | 63.1% | 46.9% | 47.0% | 66.9% | 33.8% |
| Operating margin | -49.4% | -60.2% | -150.0% | -422.5% | -212.4% | -1175.9% |
| Net margin | -49.4% | -54.6% | -139.1% | -418.9% | -212.4% | -1176.0% |
| Return on equity | -18.0% | -14.1% | -17.2% | -21.0% | -17.8% | -40.8% |
| Return on assets | -14.3% | -12.1% | -14.7% | -18.9% | -15.0% | -27.4% |
| Free cash flow yield | -1.8% | -1.5% | -3.9% | -4.1% | -2.7% | -0.8% |
| Revenue growth | 19.7% | 82.7% | 110.2% | 35.7% | 849.4% | — |
| Earnings growth | 8.5% | -28.3% | -30.2% | 167.6% | 71.5% | 111.8% |
| Current ratio | 4.74x | 6.84x | 6.66x | 9.41x | 6.19x | 3.04x |
| Debt to equity | — | 0.00x | 0.00x | — | — | — |
| Equity ratio | 79.6% | 85.8% | 85.5% | 89.6% | 83.9% | 67.1% |
| Interest coverage | -2282.54x | — | — | — | — | -11924.00x |
| R&D as a share of sales | 49.9% | 53.5% | 74.8% | 201.4% | 141.6% | 1080.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | -20.2% | -63.4% | -49.0% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 66.3% | 126.2% | — |
| Operating income | -16.0% | 22.2% | — |
| Net income | -18.4% | 20.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 62.8% | 58.5% | 58.9% | — |
| Operating margin | -57.1% | -105.7% | -118.8% | — |
| Net margin | -51.8% | -99.5% | -113.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -50.8 | -79.0 | -73.8 | -16.9 |
| Price to sales | 25.1 | 43.1 | 102.6 | 70.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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