S 
201.00
+7.20%
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
—
FY2020FY2025
Net income
−TWD 174.0m
FY2020FY2025
Free cash flow
−TWD 140.1m
FY2020FY2025
Shareholders' equity
TWD 601.1m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | TWD 941,000 | TWD 636,000 | TWD 2.1m | TWD 51.5m |
| Gross profit | — | −TWD 16.4m | −TWD 1.0m | −TWD 8.9m | −TWD 1.7m | TWD 28.5m |
| Research and development | TWD 115.3m | TWD 110.4m | TWD 67.7m | TWD 55.4m | TWD 48.1m | TWD 44.2m |
| Operating income | −TWD 173.7m | −TWD 162.3m | −TWD 131.5m | −TWD 98.2m | −TWD 75.6m | −TWD 43.0m |
| Net income | −TWD 174.0m | −TWD 158.7m | −TWD 129.2m | −TWD 85.5m | −TWD 124.2m | −TWD 55.2m |
| Diluted earnings per share | -2.89 | -2.83 | -2.32 | -1.42 | -2.06 | -0.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | TWD 698.5m | TWD 436.7m | TWD 593.9m | TWD 235.7m | TWD 279.5m | TWD 100.2m |
| Cash and short-term investments | — | TWD 217.0m | TWD 451.9m | TWD 153.4m | TWD 230.6m | TWD 40.8m |
| Total liabilities | TWD 97.3m | TWD 82.0m | TWD 100.9m | TWD 72.1m | TWD 35.2m | TWD 113.2m |
| Debt | TWD 21.7m | TWD 63.8m | TWD 75.4m | TWD 55.2m | TWD 19.2m | TWD 26.8m |
| Shareholders' equity | TWD 601.1m | TWD 354.7m | TWD 493.0m | TWD 163.5m | TWD 244.3m | −TWD 13.0m |
| Shares outstanding | 60m | 56m | 56m | 60m | 60m | 60m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −TWD 132.3m | −TWD 139.4m | −TWD 114.8m | −TWD 69.2m | −TWD 55.1m | −TWD 31.5m |
| Capital spending | −TWD 7.8m | −TWD 88.4m | −TWD 27.7m | −TWD 2.5m | −TWD 600,000 | — |
| Free cash flow | −TWD 140.1m | −TWD 227.8m | −TWD 142.5m | −TWD 71.7m | −TWD 55.7m | −TWD 31.5m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | TWD 941,000 |
| Gross profit | −TWD 15.4m | −TWD 8.7m | −TWD 7.7m | −TWD 7.1m | −TWD 4.8m |
| Operating income | −TWD 78.8m | −TWD 76.5m | −TWD 85.8m | −TWD 87.9m | −TWD 43.5m |
| Net income | −TWD 80.6m | −TWD 75.1m | −TWD 83.6m | −TWD 87.1m | −TWD 42.2m |
| Diluted earnings per share | -1.34 | -1.34 | -1.49 | -1.56 | -0.76 |
| Cash from operations | −TWD 68.0m | −TWD 59.0m | −TWD 79.0m | −TWD 72.0m | −TWD 41.0m |
| Capital spending | −TWD 4.0m | −TWD 38.0m | −TWD 48.0m | −TWD 25.0m | −TWD 2.0m |
| Free cash flow | −TWD 72.0m | −TWD 97.0m | −TWD 127.0m | −TWD 97.0m | −TWD 43.0m |
| Total assets | TWD 377.3m | TWD 436.7m | TWD 505.3m | TWD 593.9m | TWD 472.6m |
| Cash and short-term investments | TWD 164.5m | TWD 217.0m | TWD 318.0m | TWD 451.9m | TWD 360.4m |
| Debt | TWD 39.6m | TWD 27.4m | TWD 26.9m | TWD 26.3m | TWD 10.6m |
| Shareholders' equity | TWD 279.8m | TWD 354.7m | TWD 422.2m | TWD 493.0m | TWD 378.3m |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | — | — | -110.1% | -1404.1% | -82.3% | 55.4% |
| Operating margin | — | — | -13543.8% | -13298.1% | -5793.3% | -98.6% |
| Net margin | — | — | -13733.2% | -13439.3% | -5855.8% | -107.3% |
| Return on equity | -29.0% | -44.8% | -26.2% | -52.3% | -50.8% | 425.2% |
| Return on assets | -24.9% | -36.4% | -21.8% | -36.3% | -44.4% | -55.1% |
| Free cash flow yield | -1.1% | -0.5% | -0.8% | — | — | — |
| Revenue growth | — | — | 48.0% | -70.0% | -95.9% | — |
| Earnings growth | 9.6% | 22.8% | 51.2% | -31.2% | 125.0% | — |
| Current ratio | 13.58x | 7.43x | 12.07x | 6.68x | 10.79x | 2.90x |
| Debt to equity | 0.04x | 0.08x | 0.05x | 0.09x | 0.06x | -1.17x |
| Equity ratio | 86.1% | 81.2% | 83.0% | 69.4% | 87.4% | -13.0% |
| Interest coverage | -79.85x | -81.82x | -71.52x | -94.18x | -92.67x | -64.27x |
| R&D as a share of sales | — | — | 7197.2% | 8712.4% | 2267.3% | 86.0% |
| Buybacks as a share of market value | -7.5% | -0.4% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 20.9% | 32.2% | — |
| Net income | 26.7% | 25.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -20.8 | -8.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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