B 
27.50
+3.19%
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 90,000
FY2019FY2023
Net income
−TWD 688.0m
FY2019FY2023
Free cash flow
−TWD 600.6m
FY2019FY2023
Shareholders' equity
TWD 1.74bn
FY2019FY2023
Income statement
Fiscal years
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|
| Revenue | TWD 90,000 | TWD 526,000 | TWD 360,000 | TWD 90.8m | — |
| Gross profit | TWD 90,000 | TWD 526,000 | TWD 360,000 | TWD 90.8m | — |
| Research and development | TWD 582.0m | TWD 146.0m | TWD 48.6m | TWD 205.8m | TWD 85.3m |
| Operating income | −TWD 687.9m | −TWD 274.2m | −TWD 105.3m | −TWD 96.9m | −TWD 125.1m |
| Net income | −TWD 688.0m | −TWD 274.3m | −TWD 105.4m | −TWD 87.9m | −TWD 118.8m |
| Diluted earnings per share | -6.84 | -3.72 | -1.72 | -1.33 | -2.02 |
Balance sheet
At each fiscal year end
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|
| Total assets | TWD 1.78bn | TWD 940.0m | TWD 495.4m | TWD 317.3m | TWD 445.8m |
| Cash and short-term investments | TWD 1.70bn | TWD 838.0m | TWD 423.6m | TWD 169.4m | TWD 86.4m |
| Total liabilities | TWD 42.2m | TWD 25.3m | TWD 17.6m | TWD 53.5m | TWD 16.0m |
| Debt | TWD 3.6m | TWD 6.4m | TWD 3.2m | TWD 6.2m | TWD 2.8m |
| Shareholders' equity | TWD 1.74bn | TWD 914.7m | TWD 477.9m | TWD 263.8m | TWD 347.0m |
| Shares outstanding | 101m | 74m | 61m | 66m | 59m |
Cash flow
Fiscal years
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|
| Cash from operations | −TWD 596.9m | −TWD 171.9m | −TWD 112.6m | −TWD 127.1m | −TWD 114.1m |
| Capital spending | −TWD 3.7m | −TWD 1.2m | −TWD 514,000 | −TWD 366,000 | −TWD 69,000 |
| Free cash flow | −TWD 600.6m | −TWD 173.1m | −TWD 113.1m | −TWD 127.5m | −TWD 114.1m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.2m | TWD 1.6m | TWD 100,000 | TWD 22,000 | TWD 6,000 | — | — | TWD 45,000 |
| Gross profit | −TWD 161,000 | TWD 1.5m | TWD 10,000 | — | — | — | — | TWD 45,000 |
| Operating income | −TWD 104.4m | −TWD 83.2m | −TWD 79.2m | −TWD 190.0m | −TWD 65.0m | −TWD 94.0m | −TWD 38.0m | −TWD 268.9m |
| Net income | −TWD 83.8m | −TWD 121.3m | −TWD 69.9m | −TWD 183.0m | −TWD 71.0m | −TWD 94.0m | −TWD 38.0m | −TWD 263.9m |
| Diluted earnings per share | -0.63 | -0.92 | -0.53 | -1.56 | -0.61 | -0.71 | -0.29 | -2.45 |
| Cash from operations | — | — | — | — | — | −TWD 97.0m | −TWD 48.0m | −TWD 226.0m |
| Capital spending | — | — | — | — | — | — | −TWD 1.0m | — |
| Free cash flow | — | — | — | — | — | — | −TWD 49.0m | — |
| Total assets | TWD 1.93bn | TWD 2.21bn | TWD 2.35bn | TWD 2.41bn | TWD 1.57bn | TWD 1.64bn | TWD 1.74bn | TWD 1.78bn |
| Cash and short-term investments | TWD 1.28bn | TWD 1.66bn | TWD 1.79bn | TWD 1.85bn | TWD 1.46bn | TWD 1.56bn | TWD 1.66bn | TWD 1.70bn |
| Debt | TWD 8.9m | TWD 3.0m | TWD 2.5m | TWD 3.5m | — | TWD 1.5m | TWD 2.5m | TWD 3.5m |
| Shareholders' equity | TWD 1.80bn | TWD 1.88bn | TWD 1.99bn | TWD 2.06bn | TWD 1.55bn | TWD 1.62bn | TWD 1.71bn | TWD 1.74bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 22.8% | 6.6% | 100.0% | 100.0% | 100.0% |
| Operating margin | -8204.2% | -94708.4% | -764300.0% | -52128.9% | -25893.1% |
| Net margin | -7949.9% | -94735.7% | -764468.9% | -52143.9% | -29291.4% |
| Return on equity | -26.4% | -15.3% | -39.6% | -30.0% | -22.1% |
| Return on assets | -23.9% | -13.1% | -38.7% | -29.2% | -21.3% |
| Free cash flow yield | -0.1% | -5.1% | — | — | — |
| Revenue growth | 1548.6% | 270.0% | -82.9% | 46.1% | — |
| Earnings growth | 38.3% | -54.1% | 150.8% | 160.1% | — |
| Current ratio | 18.06x | 5.35x | 40.74x | 37.76x | 24.99x |
| Debt to equity | 0.00x | 0.00x | — | — | — |
| Equity ratio | 90.5% | 85.3% | 97.6% | 97.3% | 96.5% |
| Interest coverage | -906.26x | -3465.70x | -4525.46x | -3470.86x | -839.77x |
| R&D as a share of sales | 6020.8% | 71620.4% | 646643.3% | 27755.3% | 13500.6% |
| Buybacks as a share of market value | -1.3% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -60.6% | — | — |
| Operating income | 48.5% | 22.5% | — |
| Net income | 44.1% | 21.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -922013.4% | -141502.1% | — | — |
| Net margin | -895975.0% | -138599.0% | — | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Price to earnings | -11.5 | -4.3 | -4.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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