A 
48.00
-1.03%
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 293.5m
FY2016FY2025
Net income
−TWD 71.6m
FY2016FY2025
Free cash flow
−TWD 25.5m
FY2016FY2025
Shareholders' equity
TWD 1.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 293.5m | TWD 245.8m | TWD 226.2m | TWD 318.0m | TWD 80.3m | TWD 58.4m | TWD 85.5m | TWD 92.6m | TWD 79.4m |
| Research and development | TWD 60.3m | TWD 51.7m | TWD 44.4m | TWD 12.8m | TWD 8.3m | TWD 6.6m | TWD 5.4m | TWD 4.3m | TWD 2.8m |
| Operating income | −TWD 66.5m | −TWD 40.5m | −TWD 43.8m | −TWD 3.5m | −TWD 4.2m | −TWD 51.6m | −TWD 4.2m | −TWD 21.6m | −TWD 15.6m |
| Net income | −TWD 71.6m | TWD 25.0m | −TWD 44.7m | −TWD 10.7m | −TWD 9.9m | −TWD 49.8m | −TWD 116,000 | TWD 88.4m | TWD 17.4m |
| Diluted earnings per share | -1.06 | 0.37 | -0.67 | -0.27 | -0.34 | -0.73 | -0.00 | 1.30 | 0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 1.34bn | TWD 1.62bn | TWD 1.69bn | TWD 1.03bn | TWD 576.8m | TWD 560.0m | TWD 616.4m | TWD 625.0m | TWD 501.7m |
| Cash and short-term investments | — | — | TWD 903.0m | TWD 159.3m | TWD 39.1m | TWD 166.9m | — | — | TWD 837,000 |
| Total liabilities | TWD 146.7m | TWD 210.0m | TWD 66.0m | TWD 537.1m | TWD 294.1m | TWD 267.5m | TWD 258.3m | TWD 266.8m | TWD 229.2m |
| Debt | TWD 12.3m | TWD 19.3m | TWD 39.0m | TWD 407.9m | TWD 267.4m | TWD 186.8m | TWD 210.3m | TWD 81.4m | TWD 164.5m |
| Shareholders' equity | TWD 1.19bn | TWD 1.41bn | TWD 1.62bn | TWD 488.2m | TWD 282.6m | TWD 292.6m | TWD 358.1m | TWD 358.3m | TWD 272.5m |
| Shares outstanding | 68m | 68m | 67m | 40m | 29m | 68m | 68m | 68m | 32m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 18.9m | −TWD 86.7m | TWD 44.2m | −TWD 68.9m | TWD 17.8m | TWD 21.7m | −TWD 26.2m | −TWD 6.8m | TWD 6.3m |
| Capital spending | −TWD 6.6m | −TWD 36.0m | −TWD 19.7m | −TWD 8.7m | −TWD 10.9m | −TWD 9.2m | −TWD 356,000 | −TWD 2.2m | −TWD 82,000 |
| Free cash flow | −TWD 25.5m | −TWD 122.8m | TWD 24.5m | −TWD 77.6m | TWD 6.9m | TWD 12.5m | −TWD 26.5m | −TWD 9.0m | TWD 6.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 86.0m | TWD 72.3m | TWD 70.8m | TWD 19.3m | TWD 91.8m | TWD 111.5m | TWD 89.3m | TWD 76.6m |
| Operating income | −TWD 20.5m | −TWD 21.9m | −TWD 27.9m | −TWD 29.4m | −TWD 6.1m | −TWD 3.0m | −TWD 7.2m | TWD 180,000 |
| Net income | −TWD 24.9m | −TWD 45.1m | −TWD 17.3m | TWD 666,000 | −TWD 58.8m | TWD 3.8m | TWD 11.1m | TWD 10.6m |
| Diluted earnings per share | -0.37 | -0.66 | -0.26 | 0.01 | -0.87 | 0.06 | 0.16 | 0.16 |
| Cash from operations | −TWD 132.0m | TWD 9.0m | −TWD 5.0m | TWD 1.0m | — | −TWD 15.0m | −TWD 12.0m | −TWD 62.0m |
| Capital spending | −TWD 8.0m | −TWD 1.0m | −TWD 2.0m | −TWD 2.0m | −TWD 1.0m | — | −TWD 7.0m | −TWD 5.0m |
| Free cash flow | −TWD 140.0m | TWD 8.0m | −TWD 7.0m | −TWD 1.0m | — | — | −TWD 19.0m | −TWD 67.0m |
| Total assets | TWD 1.46bn | TWD 1.49bn | TWD 1.34bn | TWD 1.40bn | TWD 1.40bn | TWD 1.62bn | TWD 1.62bn | TWD 1.60bn |
| Debt | TWD 8.8m | TWD 10.5m | TWD 12.3m | TWD 14.0m | TWD 15.8m | TWD 17.5m | TWD 19.3m | TWD 21.0m |
| Shareholders' equity | TWD 941.2m | TWD 1.10bn | TWD 1.19bn | TWD 1.21bn | TWD 1.21bn | TWD 1.41bn | TWD 1.41bn | TWD 1.42bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -23.7% | 12.5% | -19.4% | 16.4% | -1.1% | -5.2% |
| Net margin | -24.4% | 10.2% | -19.8% | 16.0% | -3.4% | -12.4% |
| Return on equity | -6.0% | 1.8% | -2.8% | 23.3% | -2.2% | -3.5% |
| Return on assets | -5.3% | 1.5% | -2.6% | 17.2% | -1.0% | -1.7% |
| Free cash flow yield | — | -1.5% | 2.0% | 7.4% | -3.1% | 2.0% |
| Revenue growth | 19.4% | 8.7% | -86.4% | 424.2% | 296.0% | 37.5% |
| Earnings growth | -386.7% | -155.9% | -116.8% | -2598.0% | 7.5% | -80.1% |
| Current ratio | 8.75x | 6.29x | 27.76x | 2.78x | 2.47x | 1.23x |
| Debt to equity | 0.01x | 0.01x | 0.02x | 0.17x | 0.82x | 0.89x |
| Equity ratio | 89.1% | 87.1% | 96.1% | 74.1% | 47.6% | 49.0% |
| Interest coverage | -25.12x | 14.90x | -67.05x | 34.95x | -0.45x | -0.72x |
| R&D as a share of sales | 20.5% | 21.0% | 19.6% | 1.7% | 4.0% | 10.3% |
| Buybacks as a share of market value | — | -1.6% | -39.0% | -20.3% | -36.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -44.0% | 29.6% | 18.2% |
| Operating income | — | 74.1% | 8.9% |
| Net income | — | 48.5% | 9.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -19.8% | 5.1% | 4.1% | -0.2% |
| Net margin | -8.7% | 7.2% | 5.5% | 5.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -57.6 | 235.2 | -93.3 | 10.8 | -118.9 | -40.2 | -18.8 | -5998.9 | 8.4 | 24.8 |
| Price to sales | 14.1 | 23.9 | 18.4 | 1.7 | 4.0 | 5.0 | 16.0 | 8.1 | 8.0 | 5.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Jul 2023.
| FY2023 | |
|---|---|
| Paid in the year | 2.012 |
- 1-to-0.338889 reverse split · 20 Sept 2012
- 1-to-0.6438 reverse split · 9 Dec 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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