A 
30.75
+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 5.5m
FY2020FY2025
Net income
−TWD 53.8m
FY2020FY2025
Free cash flow
−TWD 46.4m
FY2020FY2025
Shareholders' equity
TWD 515.7m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | TWD 5.5m | TWD 203,000 | TWD 805,000 | TWD 1.7m | TWD 13.3m | TWD 3.3m |
| Gross profit | TWD 1.8m | TWD 10,000 | TWD 313,000 | TWD 966,000 | TWD 8.6m | TWD 2.4m |
| Research and development | TWD 58.2m | TWD 71.8m | TWD 56.9m | TWD 35.6m | TWD 32.5m | TWD 36.3m |
| Operating income | −TWD 75.6m | −TWD 89.6m | −TWD 73.7m | −TWD 40.7m | −TWD 36.6m | −TWD 42.4m |
| Net income | −TWD 53.8m | −TWD 78.3m | −TWD 68.2m | −TWD 41.2m | −TWD 37.1m | −TWD 35.9m |
| Diluted earnings per share | -1.15 | -1.70 | -1.46 | -0.88 | -0.79 | -0.77 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | TWD 559.0m | TWD 441.5m | TWD 529.1m | TWD 329.6m | TWD 120.3m | TWD 153.3m |
| Cash and short-term investments | — | TWD 353.0m | TWD 442.6m | TWD 254.7m | TWD 67.7m | TWD 92.7m |
| Total liabilities | TWD 43.3m | TWD 47.3m | TWD 58.0m | TWD 50.1m | TWD 51.6m | TWD 63.0m |
| Debt | — | TWD 22.0m | TWD 27.1m | TWD 31.3m | TWD 34.6m | TWD 38.8m |
| Shareholders' equity | TWD 515.7m | TWD 394.2m | TWD 471.1m | TWD 279.5m | TWD 68.7m | TWD 90.4m |
| Shares outstanding | 47m | 46m | 47m | 47m | 47m | 47m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −TWD 45.4m | −TWD 78.9m | −TWD 46.6m | −TWD 35.8m | −TWD 35.9m | −TWD 26.7m |
| Capital spending | −TWD 990,000 | −TWD 4.5m | −TWD 582,000 | −TWD 46,000 | — | −TWD 2.1m |
| Free cash flow | −TWD 46.4m | −TWD 83.4m | −TWD 47.2m | −TWD 35.8m | −TWD 35.9m | −TWD 28.8m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 64,000 | TWD 129,000 | TWD 74,000 | TWD 343,000 | TWD 462,000 | TWD 676,000 | TWD 1.0m | TWD 2.5m |
| Gross profit | TWD 2,000 | −TWD 7,000 | TWD 17,000 | TWD 176,000 | TWD 137,000 | TWD 457,000 | TWD 509,000 | TWD 612,000 |
| Operating income | −TWD 40.3m | −TWD 51.5m | −TWD 38.1m | −TWD 46.9m | −TWD 26.8m | −TWD 24.4m | −TWD 22.4m | −TWD 21.0m |
| Net income | −TWD 46.2m | −TWD 45.9m | −TWD 32.3m | −TWD 43.7m | −TWD 24.4m | −TWD 22.2m | −TWD 19.0m | −TWD 20.8m |
| Diluted earnings per share | -1.00 | -0.99 | -0.70 | -1.22 | -0.69 | -0.79 | -0.53 | -0.58 |
| Total assets | TWD 395.9m | TWD 441.5m | TWD 480.2m | TWD 529.1m | TWD 301.7m | TWD 329.6m | TWD 233.8m | TWD 120.3m |
| Cash and short-term investments | — | TWD 353.0m | TWD 397.9m | TWD 442.6m | TWD 217.0m | TWD 254.7m | TWD 181.4m | TWD 67.7m |
| Debt | — | TWD 5.2m | TWD 5.1m | TWD 5.1m | TWD 5.1m | TWD 4.8m | TWD 28.8m | TWD 29.9m |
| Shareholders' equity | TWD 357.4m | TWD 394.2m | TWD 438.1m | TWD 471.1m | TWD 255.1m | TWD 279.5m | TWD 184.3m | TWD 68.7m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 32.4% | 4.9% | 38.9% | 56.4% | 64.6% | 72.7% | — |
| Operating margin | -959.9% | -38306.9% | -8409.6% | -2376.6% | -275.0% | -1080.2% | — |
| Net margin | -969.3% | -38561.1% | -8467.0% | -2403.7% | -278.9% | -1098.1% | — |
| Return on equity | -10.4% | -19.9% | -14.5% | -14.7% | -54.1% | -39.7% | — |
| Return on assets | -9.6% | -17.7% | -12.9% | -12.5% | -30.9% | -23.4% | — |
| Free cash flow yield | -3.0% | -5.1% | — | — | — | — | — |
| Revenue growth | 2633.0% | -74.8% | -53.0% | -87.1% | 307.4% | — | — |
| Earnings growth | -31.3% | 14.8% | 65.5% | 10.9% | 3.5% | — | — |
| Current ratio | 13.97x | 13.81x | 14.16x | 13.62x | 4.42x | 4.24x | — |
| Debt to equity | — | 0.01x | 0.01x | 0.02x | 0.07x | 0.05x | 0.04x |
| Equity ratio | 92.3% | 89.3% | 89.0% | 84.8% | 57.1% | 58.9% | — |
| Interest coverage | -196.51x | -228.04x | -153.86x | -87.74x | -73.22x | -63.15x | — |
| R&D as a share of sales | 1048.6% | 35348.8% | 7063.5% | 2076.7% | 244.4% | 1111.1% | — |
| Buybacks as a share of market value | -1.3% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 48.0% | 11.2% | — |
| Operating income | 22.9% | 12.3% | — |
| Net income | 9.3% | 8.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.5% | 37.4% | 56.6% | — |
| Operating margin | -2873.3% | -3382.1% | -1443.5% | — |
| Net margin | -2296.2% | -2919.2% | -1265.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | -21.1 | -10.1 | -17.1 |
| Price to sales | 204.9 | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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