A 
0.97
-2.88%
Close of 5 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$795,950
FY2016FY2025
Net income
−$7.9m
FY2016FY2025
Free cash flow
−$3.0m
FY2016FY2025
Shareholders' equity
$11.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $795,950 | $509,589 | $152,430 | $969,783 | $355,797 | $483,045 | $701,719 | $6,956 | $3,196 | $32 |
| Research and development | $121,085 | $179,272 | $1.1m | $2.7m | $1.0m | $549,658 | $1.0m | $988,721 | $3.2m | $10.0m |
| Operating income | −$7.9m | −$4.6m | −$6.7m | −$15.2m | −$11.7m | −$8.5m | −$3.5m | −$6.0m | −$4.1m | −$11.0m |
| Net income | −$7.9m | −$4.9m | −$7.8m | −$16.4m | −$12.8m | −$9.8m | −$3.6m | −$5.6m | −$4.2m | −$11.0m |
| Diluted earnings per share | -0.34 | -0.37 | -1.11 | -5.11 | -4.94 | -4.99 | -0.19 | -0.09 | -3.57 | -9.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $21.1m | $7.5m | $7.8m | $10.9m | $13.7m | $14.8m | $6.9m | $96,273 | $6.6m | $18,645 |
| Cash and short-term investments | $745,834 | $928,551 | $796,092 | $1.5m | $5.9m | $5.0m | $144,295 | $40,044 | $256,925 | $18,645 |
| Total liabilities | $7.8m | $6.8m | $6.5m | $6.3m | $4.8m | $8.9m | $7.1m | $5.8m | $4.1m | $6.5m |
| Debt | $3.5m | $3.2m | $2.8m | $3.4m | $3.3m | $6.8m | $4.6m | $800,000 | $1.2m | — |
| Shareholders' equity | $11.1m | $1.2m | $1.6m | $4.5m | $8.8m | $6.6m | −$150,964 | −$5.7m | $1.7m | −$6.5m |
| Shares outstanding | 23m | 13m | 7m | 3m | 3m | 2m | 19m | 62m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$3.0m | −$1.8m | −$4.2m | −$7.4m | −$7.6m | −$4.6m | −$3.1m | −$630,195 | −$1.7m | −$3.5m |
| Capital spending | −$5,791 | −$5 | −$21,201 | −$119,692 | −$17,503 | −$17,503 | −$17,503 | −$17,503 | — | — |
| Free cash flow | −$3.0m | −$1.8m | −$4.2m | −$7.5m | −$7.6m | −$4.6m | −$3.2m | −$647,698 | −$1.7m | −$3.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | −$795,950 | $795,950 | — | $1,966 | $1,966 | $389,276 |
| Operating income | −$768,158 | −$1.6m | −$3.0m | −$2.0m | −$2.2m | −$740,294 | −$334,158 | −$311,804 |
| Net income | −$736,934 | −$1.6m | −$3.6m | −$2.0m | −$2.3m | −$842,075 | $229,304 | −$394,769 |
| Diluted earnings per share | -0.03 | -0.06 | -0.15 | -0.09 | -0.10 | -0.04 | 0.02 | -0.03 |
| Cash from operations | — | — | −$1.0m | — | — | — | — | — |
| Total assets | $19.4m | $19.7m | $21.1m | $21.2m | $16.2m | $14.9m | $7.5m | $14.5m |
| Cash and short-term investments | $94,364 | $202,509 | $745,834 | $257,243 | $1.1m | $824,620 | — | $840,682 |
| Debt | $358,107 | $1.2m | $1.9m | $1.2m | $2.1m | $2.8m | — | $2.6m |
| Shareholders' equity | $10.3m | $10.8m | $11.1m | $12.1m | $7.0m | $5.4m | $1.2m | $8.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.4% | 10.5% | 72.8% |
| Operating income | -19.5% | -1.4% | 73.4% |
| Net income | -21.6% | -4.2% | 73.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -962.7% | -1421.1% | -1674.9% | -1993.4% |
| Net margin | -981.3% | -1525.0% | -1826.1% | -2113.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.3 | -1.6 | -1.1 | -0.7 | -2.1 | -1.9 | -43.3 | -747.6 | -18.7 | -7.1 |
| Price to sales | 62.2 | 15.2 | 53.5 | 12.1 | 75.9 | 38.3 | 224.7 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 321% | -59% | -70% | -64% | 13% | -2% | -80% | -25% | 0% | 146% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 25 Jul 2023
- 18-to-1 reverse split · 8 May 2019
- 3.141-for-1 split · 11 Apr 2016
- 5000-to-1 reverse split · 13 Aug 2015
- 5-to-1 reverse split · 18 Feb 2011
- 1.5733-for-1 split · 19 Jun 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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