M 
5.23
+1.75%
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
—
FY2019FY2025
Net income
−TWD 67.2m
FY2019FY2025
Free cash flow
−TWD 58.1m
FY2019FY2025
Shareholders' equity
TWD 219.7m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | TWD 5.0m | TWD 1.0m | TWD 2.7m | — | — | — |
| Research and development | TWD 44.2m | TWD 32.7m | TWD 21.4m | TWD 15.4m | TWD 2.8m | — | — |
| Operating income | −TWD 68.5m | −TWD 54.0m | −TWD 43.1m | −TWD 30.9m | −TWD 5.3m | −TWD 210,000 | −TWD 199,000 |
| Net income | −TWD 67.2m | −TWD 50.6m | −TWD 43.8m | −TWD 31.3m | −TWD 5.3m | −TWD 210,000 | −TWD 199,000 |
| Diluted earnings per share | -0.15 | -0.11 | -0.11 | -0.08 | -0.01 | -0.00 | — |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | TWD 278.4m | TWD 353.2m | TWD 438.1m | TWD 229.9m | TWD 13.4m | TWD 97,000 | TWD 157,000 |
| Cash and short-term investments | — | — | TWD 329.1m | TWD 140.6m | TWD 2.6m | TWD 86,000 | TWD 153,000 |
| Total liabilities | TWD 58.7m | TWD 62.9m | TWD 49.7m | TWD 49.6m | TWD 2.9m | TWD 306,000 | TWD 156,000 |
| Debt | TWD 38.1m | TWD 40.4m | TWD 42.3m | TWD 43.4m | TWD 2.0m | TWD 300,000 | TWD 150,000 |
| Shareholders' equity | TWD 219.7m | TWD 290.3m | TWD 388.4m | TWD 180.3m | TWD 10.5m | −TWD 209,000 | TWD 1,000 |
| Shares outstanding | 458m | 458m | 416m | 401m | 458m | 458m | 406m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 50.8m | −TWD 34.7m | −TWD 42.1m | −TWD 25.8m | −TWD 4.8m | −TWD 217,000 | −TWD 197,000 |
| Capital spending | −TWD 7.3m | −TWD 11.1m | −TWD 13.6m | −TWD 68.7m | −TWD 7.5m | — | — |
| Free cash flow | −TWD 58.1m | −TWD 45.8m | −TWD 55.7m | −TWD 94.5m | −TWD 12.3m | −TWD 217,000 | −TWD 197,000 |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | TWD 246,000 | TWD 2.4m | TWD 2.4m | TWD 516,499 | TWD 516,499 | — | — |
| Operating income | −TWD 39.4m | −TWD 33.6m | −TWD 10.2m | −TWD 10.2m | −TWD 13.2m | −TWD 13.2m | −TWD 9.6m | −TWD 9.6m |
| Net income | −TWD 38.3m | −TWD 32.3m | −TWD 9.2m | −TWD 9.2m | −TWD 12.6m | −TWD 12.6m | −TWD 9.4m | −TWD 9.4m |
| Diluted earnings per share | -0.09 | -0.08 | -0.02 | -0.02 | -0.03 | -0.03 | -0.02 | -0.02 |
| Cash from operations | −TWD 26.0m | −TWD 25.0m | −TWD 4.0m | −TWD 4.0m | −TWD 9.0m | −TWD 9.0m | −TWD 11.0m | −TWD 11.0m |
| Capital spending | −TWD 3.0m | −TWD 5.0m | −TWD 2.0m | −TWD 2.0m | −TWD 5.0m | −TWD 5.0m | −TWD 1.0m | −TWD 1.0m |
| Free cash flow | −TWD 29.0m | −TWD 30.0m | −TWD 6.0m | −TWD 6.0m | −TWD 14.0m | −TWD 14.0m | −TWD 12.0m | −TWD 12.0m |
| Total assets | TWD 317.0m | TWD 353.2m | TWD 378.8m | TWD 378.8m | TWD 438.1m | TWD 438.1m | TWD 459.2m | TWD 459.2m |
| Cash and short-term investments | — | — | TWD 264.9m | TWD 264.9m | TWD 329.1m | TWD 329.1m | TWD 356.6m | TWD 356.6m |
| Debt | TWD 39.2m | TWD 40.4m | TWD 41.4m | — | TWD 681,000 | — | TWD 1.1m | — |
| Shareholders' equity | TWD 252.3m | TWD 290.3m | TWD 323.9m | TWD 323.9m | TWD 388.4m | TWD 388.4m | TWD 412.5m | TWD 412.5m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | — | -1002.0% | -4172.8% | -1151.1% | — | — |
| Net margin | — | -1018.9% | -4241.6% | -1166.0% | — | — |
| Return on equity | -30.6% | -17.4% | -11.3% | -17.3% | -50.8% | 100.5% |
| Return on assets | -24.2% | -14.3% | -10.0% | -13.6% | -39.7% | -216.5% |
| Free cash flow yield | — | -0.9% | -1.2% | 1.8% | — | — |
| Revenue growth | — | 380.4% | -61.5% | — | — | — |
| Earnings growth | 33.0% | 15.4% | 40.2% | 488.6% | 2428.1% | — |
| Current ratio | 8.84x | 12.63x | 42.21x | 20.15x | 2.30x | 0.32x |
| Debt to equity | 0.17x | 0.14x | 0.11x | 0.24x | 0.08x | -1.44x |
| Equity ratio | 78.9% | 82.2% | 88.7% | 78.4% | 78.1% | -215.5% |
| Interest coverage | -73.80x | -62.08x | -60.63x | -77.13x | -481.64x | — |
| R&D as a share of sales | — | 658.0% | 2068.5% | 575.0% | — | — |
| Buybacks as a share of market value | — | -10.0% | -3.6% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 30.5% | 218.2% | — |
| Net income | 29.1% | 217.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -56.6 | -118.1 | -175.7 | -127.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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