N 
17.60
+3.23%
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 10.5m
FY2019FY2025
Net income
−TWD 148.5m
FY2019FY2025
Free cash flow
−TWD 138.9m
FY2019FY2025
Shareholders' equity
TWD 555.6m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | TWD 10.5m | TWD 27.5m | TWD 22.5m | TWD 19.5m | — | — | — |
| Research and development | TWD 116.5m | TWD 84.2m | TWD 58.9m | TWD 64.0m | TWD 55.9m | TWD 51.5m | TWD 44.6m |
| Operating income | −TWD 159.7m | −TWD 110.9m | −TWD 76.4m | −TWD 72.9m | −TWD 82.6m | −TWD 64.9m | −TWD 60.2m |
| Net income | −TWD 148.5m | −TWD 95.1m | −TWD 65.7m | −TWD 63.6m | −TWD 82.8m | −TWD 61.6m | −TWD 62.1m |
| Diluted earnings per share | -2.10 | -1.53 | -1.15 | -1.12 | -1.45 | -1.08 | -1.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | TWD 636.0m | TWD 546.7m | TWD 490.5m | TWD 524.1m | TWD 589.9m | TWD 352.1m | TWD 255.8m |
| Cash and short-term investments | — | — | — | — | — | TWD 315.4m | TWD 200.8m |
| Total liabilities | TWD 70.6m | TWD 54.0m | TWD 53.4m | TWD 21.2m | TWD 25.9m | TWD 24.9m | TWD 17.9m |
| Debt | — | — | — | — | — | TWD 190,000 | TWD 2.5m |
| Shareholders' equity | TWD 555.6m | TWD 481.5m | TWD 423.0m | TWD 484.9m | TWD 546.4m | TWD 327.2m | TWD 237.9m |
| Shares outstanding | 71m | 62m | 57m | 57m | 57m | 57m | 57m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 91.2m | −TWD 77.7m | −TWD 48.7m | −TWD 57.4m | −TWD 52.1m | −TWD 55.2m | −TWD 40.8m |
| Capital spending | −TWD 47.6m | −TWD 56.2m | −TWD 39.4m | −TWD 24.2m | −TWD 8.6m | −TWD 4.1m | −TWD 10.7m |
| Free cash flow | −TWD 138.9m | −TWD 133.9m | −TWD 88.1m | −TWD 81.6m | −TWD 60.8m | −TWD 59.4m | −TWD 51.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 3.3m | TWD 18.2m | TWD 2.0m | TWD 3.7m | TWD 3.6m | TWD 1.1m | TWD 9.8m | TWD 12.6m |
| Operating income | −TWD 44.9m | −TWD 34.8m | −TWD 48.2m | −TWD 38.8m | −TWD 34.1m | −TWD 38.7m | −TWD 22.4m | −TWD 31.2m |
| Net income | −TWD 43.6m | −TWD 28.7m | −TWD 42.7m | −TWD 35.1m | −TWD 39.3m | −TWD 31.4m | −TWD 15.6m | −TWD 31.8m |
| Diluted earnings per share | -0.62 | -0.41 | -0.60 | -0.50 | -0.56 | -0.44 | -0.25 | -0.51 |
| Cash from operations | −TWD 5.0m | −TWD 38.0m | −TWD 9.0m | −TWD 24.0m | −TWD 35.0m | −TWD 21.0m | −TWD 16.0m | −TWD 41.0m |
| Capital spending | −TWD 7.0m | −TWD 2.0m | −TWD 4.0m | −TWD 5.0m | −TWD 6.0m | −TWD 31.0m | −TWD 9.0m | −TWD 13.0m |
| Free cash flow | −TWD 12.0m | −TWD 40.0m | −TWD 13.0m | −TWD 29.0m | −TWD 41.0m | −TWD 52.0m | −TWD 25.0m | −TWD 54.0m |
| Total assets | TWD 571.5m | TWD 596.8m | TWD 636.0m | TWD 659.6m | TWD 690.8m | TWD 735.2m | TWD 546.7m | TWD 573.5m |
| Shareholders' equity | TWD 486.0m | TWD 528.5m | TWD 555.6m | TWD 596.5m | TWD 629.9m | TWD 669.9m | TWD 481.5m | TWD 497.4m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating margin | -1425.7% | -353.7% | -307.5% | -325.2% | — |
| Net margin | -1416.2% | -345.5% | -292.4% | -325.7% | — |
| Return on equity | -26.7% | -19.8% | -15.5% | -13.1% | -15.2% |
| Return on assets | -23.3% | -17.4% | -13.4% | -12.1% | -14.0% |
| Revenue growth | -61.9% | 22.5% | 15.1% | — | — |
| Earnings growth | 56.1% | 44.7% | 3.4% | -23.2% | — |
| Current ratio | 7.93x | 11.76x | 13.86x | 22.56x | 21.60x |
| Equity ratio | 87.4% | 88.1% | 86.2% | 92.5% | 92.6% |
| Interest coverage | -319.35x | -166.46x | -161.16x | -5292.25x | -3058.56x |
| R&D as a share of sales | 1111.4% | 305.7% | 262.1% | 327.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.7% | — | — |
| Operating income | 29.9% | 19.7% | — |
| Net income | 32.7% | 19.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -711.8% | -524.7% | — | — |
| Net margin | -640.8% | -466.0% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -9.6 | -18.6 | -24.4 | -21.4 |
| Price to sales | 135.7 | 64.1 | 71.5 | 69.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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