M 
37.00
-0.40%
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 81.9m
FY2016FY2025
Net income
−TWD 33.6m
FY2016FY2025
Free cash flow
−TWD 16.6m
FY2016FY2025
Shareholders' equity
TWD 280.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 81.9m | TWD 76.4m | TWD 51.7m | TWD 111.2m | TWD 110.6m | TWD 85.7m | TWD 100.3m | TWD 82.0m | TWD 95.6m | TWD 71.8m |
| Gross profit | TWD 2.2m | TWD 4.9m | −TWD 26.8m | TWD 26.7m | TWD 17.2m | TWD 18.0m | TWD 14.5m | TWD 18.4m | TWD 45.7m | TWD 27.5m |
| Research and development | TWD 17.0m | TWD 13.1m | TWD 19.6m | TWD 20.9m | TWD 21.5m | TWD 13.4m | TWD 11.9m | TWD 18.2m | TWD 11.9m | TWD 15.0m |
| Operating income | −TWD 37.1m | −TWD 28.7m | −TWD 67.6m | −TWD 17.1m | −TWD 26.6m | −TWD 15.6m | −TWD 23.1m | −TWD 47.4m | TWD 18.5m | TWD 5.2m |
| Net income | −TWD 33.6m | −TWD 29.6m | −TWD 59.2m | TWD 1.5m | −TWD 28.9m | −TWD 17.9m | −TWD 18.8m | −TWD 31.3m | TWD 16.7m | TWD 11.0m |
| Diluted earnings per share | -0.84 | -0.74 | -1.48 | 0.04 | -0.72 | -0.45 | -0.50 | -1.01 | 0.64 | 0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 323.9m | TWD 346.2m | TWD 379.3m | TWD 454.2m | TWD 460.0m | TWD 485.1m | TWD 511.4m | TWD 401.2m | TWD 345.6m | TWD 195.5m |
| Cash and short-term investments | — | TWD 231.7m | TWD 258.6m | TWD 290.0m | TWD 284.6m | TWD 331.6m | TWD 48.3m | TWD 261.2m | TWD 243.5m | TWD 137.8m |
| Total liabilities | TWD 43.9m | TWD 32.5m | TWD 36.0m | TWD 51.7m | TWD 59.0m | TWD 55.2m | TWD 63.6m | TWD 18.6m | TWD 23.6m | TWD 14.7m |
| Debt | — | TWD 13.9m | TWD 19.8m | TWD 25.6m | TWD 31.3m | TWD 30.2m | TWD 30.2m | — | — | TWD 1.0m |
| Shareholders' equity | TWD 280.0m | TWD 313.7m | TWD 343.3m | TWD 402.5m | TWD 401.0m | TWD 429.9m | TWD 447.8m | TWD 382.6m | TWD 322.0m | TWD 180.8m |
| Shares outstanding | 40m | 40m | 40m | 40m | 40m | 40m | 37m | 31m | 26m | 23m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 13.6m | −TWD 18.1m | −TWD 25.1m | TWD 17.7m | −TWD 32.0m | −TWD 8.5m | TWD 10.3m | −TWD 3.6m | TWD 13.1m | TWD 27.2m |
| Capital spending | −TWD 3.1m | −TWD 2.9m | −TWD 771,000 | −TWD 6.1m | −TWD 9.4m | −TWD 11.5m | −TWD 4.6m | −TWD 36.0m | −TWD 29.0m | −TWD 54,000 |
| Free cash flow | −TWD 16.6m | −TWD 21.0m | −TWD 25.9m | TWD 11.6m | −TWD 41.4m | −TWD 20.0m | TWD 5.6m | −TWD 39.7m | −TWD 15.9m | TWD 27.2m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 43.0m | TWD 49.5m | TWD 26.9m | TWD 17.6m | TWD 34.0m | TWD 68.4m | TWD 42.9m | TWD 55.3m |
| Gross profit | TWD 2.0m | TWD 1.8m | TWD 1.3m | −TWD 19.9m | −TWD 6.9m | TWD 20.5m | TWD 6.2m | TWD 8.6m |
| Operating income | −TWD 16.2m | −TWD 11.0m | −TWD 17.8m | −TWD 42.9m | −TWD 24.7m | −TWD 30,000 | TWD 2.1m | −TWD 14.0m |
| Net income | −TWD 17.0m | −TWD 13.4m | −TWD 16.3m | −TWD 38.8m | −TWD 20.4m | TWD 6.7m | −TWD 5.2m | −TWD 14.5m |
| Diluted earnings per share | -0.43 | -0.33 | -0.41 | -0.97 | -0.51 | 0.17 | -0.13 | -0.36 |
| Cash from operations | −TWD 9.0m | TWD 1.0m | −TWD 19.0m | −TWD 29.0m | TWD 4.0m | −TWD 1.0m | TWD 18.0m | −TWD 16.0m |
| Capital spending | −TWD 2.0m | −TWD 2.0m | — | — | — | — | −TWD 5.0m | −TWD 4.0m |
| Free cash flow | −TWD 11.0m | −TWD 1.0m | — | — | — | — | TWD 13.0m | −TWD 20.0m |
| Total assets | TWD 327.7m | TWD 346.2m | TWD 362.7m | TWD 379.3m | TWD 424.7m | TWD 454.2m | — | TWD 460.0m |
| Cash and short-term investments | TWD 216.9m | TWD 231.7m | TWD 235.5m | TWD 258.6m | TWD 291.3m | TWD 290.0m | — | TWD 284.6m |
| Debt | TWD 11.5m | TWD 12.0m | TWD 11.9m | TWD 11.7m | TWD 5.8m | TWD 5.7m | — | TWD 5.6m |
| Shareholders' equity | TWD 296.7m | TWD 313.7m | TWD 327.1m | TWD 343.3m | TWD 382.1m | TWD 402.5m | — | TWD 401.0m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 2.7% | 6.5% | -51.9% | 24.0% | 15.6% | 21.0% | — |
| Operating margin | -40.6% | -38.2% | -113.5% | 1.9% | -25.5% | -20.0% | — |
| Net margin | -41.1% | -38.8% | -114.6% | 1.4% | -26.1% | -20.9% | — |
| Return on equity | -12.0% | -9.4% | -17.2% | 0.4% | -7.2% | -4.2% | — |
| Return on assets | -10.4% | -8.6% | -15.6% | 0.3% | -6.3% | -3.7% | — |
| Free cash flow yield | -0.5% | -0.8% | -1.3% | 1.2% | -1.2% | 0.2% | — |
| Revenue growth | 7.2% | 47.9% | -53.5% | 0.6% | 29.1% | -14.6% | — |
| Earnings growth | 13.6% | -50.0% | -3974.5% | -105.3% | 61.5% | -4.9% | — |
| Current ratio | 9.59x | 13.22x | 15.64x | 12.44x | 11.64x | 14.08x | — |
| Debt to equity | — | 0.04x | 0.03x | 0.03x | 0.03x | 0.02x | 0.01x |
| Equity ratio | 86.5% | 90.6% | 90.5% | 88.6% | 87.2% | 88.6% | — |
| Interest coverage | -84.62x | -72.32x | -109.45x | 3.75x | -37.70x | -21.18x | — |
| R&D as a share of sales | 20.7% | 17.1% | 37.9% | 18.8% | 19.4% | 15.6% | — |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.1% | 0.3% | -0.4% | -6.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.7% | -0.9% | — |
| Operating income | 29.3% | 18.9% | — |
| Net income | — | 13.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.5% | 2.2% | 8.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -18.1 | -13.3 | -6.2 | 257.3 | -19.3 | -34.0 | -49.0 |
| Price to sales | 7.5 | 5.2 | 7.0 | 3.5 | 5.0 | 7.1 | 9.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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