F 
28.05
+5.45%
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 166.8m
FY2018FY2025
Net income
−TWD 87.9m
FY2018FY2025
Free cash flow
−TWD 36.7m
FY2018FY2025
Shareholders' equity
TWD 338.8m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 166.8m | TWD 212.8m | TWD 298.9m | TWD 241.2m | TWD 273.0m | TWD 195.1m | TWD 202.9m | TWD 205.9m |
| Research and development | TWD 17.6m | TWD 19.8m | TWD 13.9m | TWD 16.5m | TWD 23.6m | TWD 9.6m | TWD 7.0m | TWD 11.0m |
| Operating income | −TWD 74.4m | −TWD 57.7m | −TWD 22.4m | −TWD 68.9m | TWD 17.0m | −TWD 34.2m | TWD 1.2m | TWD 12.8m |
| Net income | −TWD 87.9m | −TWD 64.3m | −TWD 26.9m | −TWD 69.5m | TWD 14.7m | −TWD 30.2m | −TWD 2.6m | TWD 6.2m |
| Diluted earnings per share | -2.41 | -1.76 | -0.85 | -2.21 | 0.47 | -0.96 | -0.07 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 687.2m | TWD 753.2m | TWD 765.0m | TWD 760.3m | TWD 634.0m | TWD 492.6m | TWD 469.4m | TWD 378.0m |
| Cash and short-term investments | — | TWD 59.1m | TWD 20.3m | TWD 21.0m | TWD 96.8m | TWD 42.5m | TWD 57.2m | TWD 47.0m |
| Total liabilities | TWD 348.3m | TWD 328.5m | TWD 376.8m | TWD 345.4m | TWD 148.7m | TWD 218.3m | TWD 274.6m | TWD 173.5m |
| Debt | TWD 83.9m | TWD 266.6m | TWD 299.6m | TWD 210.3m | TWD 49.2m | TWD 155.7m | TWD 184.5m | TWD 94.2m |
| Shareholders' equity | TWD 338.8m | TWD 424.7m | TWD 388.2m | TWD 415.0m | TWD 487.9m | TWD 274.5m | TWD 194.8m | TWD 204.4m |
| Shares outstanding | 37m | 37m | 32m | 32m | 32m | 32m | 37m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 28.6m | −TWD 24.2m | −TWD 21.8m | −TWD 103.8m | −TWD 32.7m | −TWD 57.0m | −TWD 8.1m | −TWD 42.2m |
| Capital spending | −TWD 8.1m | −TWD 3.8m | −TWD 9.1m | −TWD 119.2m | −TWD 8.4m | −TWD 30.3m | −TWD 43.9m | −TWD 28.9m |
| Free cash flow | −TWD 36.7m | −TWD 28.0m | −TWD 30.8m | −TWD 223.0m | −TWD 41.1m | −TWD 87.3m | −TWD 52.0m | −TWD 71.1m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 92.6m | TWD 101.4m | TWD 111.4m | TWD 127.0m | TWD 171.9m | TWD 112.8m | TWD 128.5m | TWD 153.8m |
| Operating income | −TWD 35.4m | −TWD 37.8m | −TWD 20.1m | −TWD 28.1m | TWD 5.7m | −TWD 45.1m | −TWD 23.8m | TWD 7.5m |
| Net income | −TWD 42.6m | −TWD 41.4m | −TWD 22.9m | −TWD 29.5m | TWD 2.5m | −TWD 45.2m | −TWD 24.3m | TWD 6.8m |
| Diluted earnings per share | -1.17 | -1.13 | -0.63 | -0.93 | 0.08 | -1.44 | -0.77 | 0.22 |
| Cash from operations | −TWD 8.0m | −TWD 27.0m | TWD 2.0m | −TWD 26.0m | TWD 4.0m | −TWD 59.0m | −TWD 43.0m | −TWD 14.0m |
| Capital spending | −TWD 4.0m | — | −TWD 4.0m | −TWD 3.0m | −TWD 6.0m | — | −TWD 118.0m | −TWD 2.0m |
| Free cash flow | −TWD 12.0m | — | −TWD 2.0m | −TWD 29.0m | −TWD 2.0m | — | −TWD 161.0m | −TWD 16.0m |
| Total assets | TWD 672.3m | TWD 753.2m | TWD 763.4m | TWD 765.0m | TWD 791.7m | TWD 760.3m | TWD 777.7m | TWD 634.0m |
| Cash and short-term investments | TWD 26.9m | TWD 59.1m | TWD 34.6m | TWD 20.3m | TWD 50.5m | TWD 21.0m | TWD 61.9m | TWD 96.8m |
| Debt | TWD 237.8m | TWD 248.8m | TWD 292.9m | TWD 133.5m | TWD 144.2m | TWD 119.7m | TWD 90.1m | TWD 31.7m |
| Shareholders' equity | TWD 379.1m | TWD 424.7m | TWD 363.8m | TWD 388.2m | TWD 418.2m | TWD 415.0m | TWD 459.5m | TWD 487.9m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -48.5% | -25.5% | -6.1% | -27.1% | 6.3% | -12.9% |
| Net margin | -52.7% | -30.2% | -9.0% | -28.8% | 5.4% | -15.5% |
| Return on equity | -25.9% | -15.1% | -6.9% | -16.8% | 3.0% | -11.0% |
| Return on assets | -12.8% | -8.5% | -3.5% | -9.1% | 2.3% | -6.1% |
| Free cash flow yield | -1.9% | -1.9% | -1.4% | 1.7% | -2.7% | -2.9% |
| Revenue growth | -21.6% | -28.8% | 23.9% | -11.6% | 39.9% | -3.8% |
| Earnings growth | 36.7% | 138.7% | -61.3% | -573.7% | -148.6% | 1049.1% |
| Current ratio | 1.85x | 2.55x | 2.40x | 2.11x | 3.84x | 1.88x |
| Debt to equity | 0.25x | 0.59x | 0.68x | 0.50x | 0.07x | 0.40x |
| Equity ratio | 49.3% | 56.4% | 50.7% | 54.6% | 77.0% | 55.7% |
| Interest coverage | -11.66x | -5.97x | -2.47x | -26.57x | 5.22x | -6.57x |
| R&D as a share of sales | 10.6% | 9.3% | 4.6% | 6.8% | 8.6% | 4.9% |
| Buybacks as a share of market value | 0.0% | -15.9% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.6% | -3.1% | — |
| Operating income | 2.6% | 16.8% | — |
| Net income | 8.1% | 23.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -34.8% | -24.3% | -17.3% | — |
| Net margin | -40.1% | -27.0% | -19.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -6.5 | -17.3 | -58.5 | -21.1 | 150.8 |
| Price to sales | 3.4 | 5.2 | 5.3 | 6.1 | 8.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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