T 
25.75
+5.53%
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 50.4m
FY2020FY2025
Net income
−TWD 381.6m
FY2020FY2025
Free cash flow
−TWD 244.4m
FY2020FY2025
Shareholders' equity
TWD 729.6m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | TWD 50.4m | TWD 105.1m | TWD 85.5m | TWD 44.7m | TWD 27.2m | — |
| Research and development | TWD 342.0m | TWD 345.6m | TWD 244.6m | TWD 181.6m | TWD 92.6m | TWD 31.4m |
| Operating income | −TWD 384.3m | −TWD 351.4m | −TWD 212.2m | −TWD 182.6m | −TWD 87.3m | −TWD 34.9m |
| Net income | −TWD 381.6m | −TWD 351.8m | −TWD 217.5m | −TWD 188.6m | −TWD 90.2m | −TWD 35.0m |
| Diluted earnings per share | -4.52 | -4.72 | -3.50 | -2.24 | -1.07 | -0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | TWD 1.35bn | TWD 1.47bn | TWD 941.8m | TWD 871.0m | TWD 590.1m | TWD 199.6m |
| Cash and short-term investments | — | TWD 677.7m | TWD 248.1m | TWD 245.9m | TWD 59.7m | TWD 36.5m |
| Total liabilities | TWD 625.1m | TWD 380.6m | TWD 328.5m | TWD 344.2m | TWD 333.6m | TWD 132.4m |
| Debt | — | TWD 316.1m | TWD 268.6m | TWD 286.6m | TWD 291.3m | TWD 3.7m |
| Shareholders' equity | TWD 729.6m | TWD 1.09bn | TWD 613.3m | TWD 526.8m | TWD 256.5m | TWD 67.2m |
| Shares outstanding | 84m | 75m | 62m | 84m | 84m | 84m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −TWD 212.3m | −TWD 252.4m | −TWD 166.5m | −TWD 140.0m | −TWD 59.2m | −TWD 30.4m |
| Capital spending | −TWD 32.1m | −TWD 110.9m | −TWD 119.2m | −TWD 83.2m | −TWD 174.7m | −TWD 31.1m |
| Free cash flow | −TWD 244.4m | −TWD 363.3m | −TWD 285.8m | −TWD 223.2m | −TWD 233.8m | −TWD 61.5m |
Latest quarters
By quarter end
| Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 13.6m | TWD 11.4m | TWD 65.6m | TWD 11.7m | TWD 12.1m | TWD 15.6m | TWD 61.9m | TWD 11.1m |
| Operating income | −TWD 107.0m | −TWD 77.0m | −TWD 87.0m | −TWD 123.2m | −TWD 78.5m | −TWD 62.7m | — | — |
| Net income | −TWD 116.4m | −TWD 76.0m | −TWD 90.6m | −TWD 123.2m | −TWD 76.8m | −TWD 61.2m | −TWD 37.3m | −TWD 53.2m |
| Diluted earnings per share | -1.38 | -0.90 | -1.22 | -1.65 | -1.03 | -0.82 | -0.60 | -0.86 |
| Cash from operations | −TWD 48.0m | −TWD 57.0m | −TWD 88.0m | −TWD 70.0m | −TWD 66.0m | −TWD 27.0m | −TWD 23.0m | −TWD 53.0m |
| Capital spending | −TWD 11.0m | −TWD 7.0m | −TWD 7.0m | −TWD 9.0m | −TWD 47.0m | −TWD 46.0m | −TWD 82.0m | −TWD 10.0m |
| Free cash flow | −TWD 59.0m | −TWD 64.0m | −TWD 95.0m | −TWD 79.0m | −TWD 113.0m | −TWD 73.0m | −TWD 105.0m | −TWD 63.0m |
| Total assets | TWD 1.29bn | TWD 1.41bn | TWD 1.47bn | TWD 1.11bn | TWD 1.21bn | TWD 1.27bn | TWD 941.8m | — |
| Cash and short-term investments | TWD 529.6m | TWD 588.4m | TWD 677.7m | TWD 370.8m | TWD 438.7m | TWD 558.1m | TWD 248.1m | — |
| Debt | TWD 30.8m | TWD 61.3m | TWD 61.0m | TWD 37.0m | TWD 18.4m | TWD 18.3m | TWD 18.1m | — |
| Shareholders' equity | TWD 898.8m | TWD 1.02bn | TWD 1.09bn | TWD 774.4m | TWD 886.0m | TWD 957.2m | TWD 613.3m | — |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -742.7% | -329.8% | -248.3% | -408.1% | -321.6% | — |
| Net margin | -756.8% | -334.7% | -254.5% | -421.4% | -332.1% | — |
| Return on equity | -52.3% | -32.2% | -35.5% | -35.8% | -35.2% | -52.2% |
| Return on assets | -28.2% | -23.9% | -23.1% | -21.6% | -15.3% | -17.6% |
| Free cash flow yield | -8.1% | -7.2% | -2.9% | — | — | — |
| Revenue growth | -52.0% | 23.0% | 91.0% | 64.8% | — | — |
| Earnings growth | 8.5% | 61.7% | 15.4% | 109.0% | 157.4% | — |
| Current ratio | 4.01x | 10.16x | 5.41x | 5.38x | 1.92x | 0.32x |
| Debt to equity | — | 0.06x | 0.03x | 0.03x | 0.07x | 0.02x |
| Equity ratio | 53.9% | 74.1% | 65.1% | 60.5% | 43.5% | 33.7% |
| Interest coverage | -52.85x | -66.47x | -39.98x | -33.69x | -30.57x | -298.46x |
| R&D as a share of sales | 678.1% | 328.9% | 286.2% | 405.8% | 340.8% | — |
| Buybacks as a share of market value | -13.2% | -20.0% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.1% | — | — |
| Operating income | 28.1% | 61.6% | — |
| Net income | 26.5% | 61.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -473.1% | -395.6% | — | — |
| Net margin | -471.6% | -398.8% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -6.3 | -8.7 | -9.7 | -14.2 |
| Price to sales | 47.7 | 29.1 | 24.7 | 59.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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