A 
6.78
+0.89%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
—
FY2016FY2025
Net income
−$54.6m
FY2016FY2025
Free cash flow
−$49.5m
FY2016FY2025
Shareholders' equity
$21.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | $5.1m |
| Gross profit | −$228,000 | −$229,000 | −$228,000 | −$236,000 | −$250,000 | −$255,000 | −$254,000 | −$282,000 | −$282,000 | $5.1m |
| Research and development | $23.0m | $22.8m | $15.8m | $30.1m | $24.0m | $6.9m | $9.7m | $5.9m | $3.1m | $14.8m |
| Operating income | −$54.9m | −$39.1m | −$27.9m | −$40.8m | −$33.1m | −$14.8m | −$16.5m | −$12.8m | −$6.6m | −$21.2m |
| Net income | −$54.6m | −$39.8m | −$29.8m | −$41.9m | −$32.9m | −$14.7m | −$16.1m | −$12.7m | −$10.6m | −$20.1m |
| Diluted earnings per share | -1.03 | -1.15 | -1.41 | -3.09 | -3.48 | -2.39 | -29.89 | -38.10 | -170.14 | -1,480.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $41.8m | $38.6m | $19.4m | $30.0m | $47.5m | $40.3m | $21.1m | $19.1m | $9.9m | $27.5m |
| Cash and short-term investments | $36.4m | $34.3m | $15.5m | $24.7m | $43.0m | $35.9m | $16.7m | $14.7m | $5.3m | $25.7m |
| Total liabilities | $20.3m | $17.7m | $20.8m | $21.7m | $19.5m | $3.0m | $3.0m | $3.3m | $2.0m | $8.5m |
| Debt | $15.0m | $9.8m | $16.7m | $16.1m | $14.9m | — | — | — | $30,000 | $110,000 |
| Shareholders' equity | $21.5m | $20.9m | −$1.4m | $8.3m | $28.0m | $37.3m | $18.1m | $15.8m | $7.9m | $19.0m |
| Shares outstanding | 53m | 35m | 21m | 14m | 9m | 6m | 1m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$49.5m | −$29.8m | −$24.5m | −$37.6m | −$29.4m | −$13.5m | −$15.2m | −$10.6m | −$9.1m | −$29.7m |
| Capital spending | −$3,000 | — | −$21,000 | — | −$17,000 | −$17,000 | −$53,000 | −$46,000 | −$46,000 | −$46,000 |
| Free cash flow | −$49.5m | −$29.8m | −$24.5m | −$37.6m | −$29.5m | −$13.5m | −$15.3m | −$10.7m | −$9.2m | −$29.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $228,000 | — |
| Gross profit | — | −$57,000 | −$57,000 | −$54,000 | −$55,000 | −$62,000 | $114,000 | −$57,000 |
| Operating income | −$18.4m | −$10.5m | −$14.7m | −$14.7m | −$12.6m | −$12.9m | −$12.2m | −$12.5m |
| Net income | −$74.8m | −$10.2m | −$14.7m | −$14.4m | −$12.7m | −$12.8m | −$12.4m | −$12.5m |
| Diluted earnings per share | -0.80 | -0.11 | -0.28 | -0.27 | -0.24 | -0.24 | -0.36 | -0.36 |
| Cash from operations | −$10.0m | −$6.0m | −$17.0m | −$11.0m | −$9.0m | −$11.0m | −$9.0m | −$10.0m |
| Total assets | $190.4m | $33.1m | $41.8m | $52.0m | $58.9m | $27.4m | $38.6m | $47.9m |
| Cash and short-term investments | $187.3m | $29.3m | $36.4m | $48.1m | $55.4m | $23.2m | $34.3m | $42.9m |
| Debt | $7.5m | $15.0m | $14.9m | $9.9m | $9.9m | $9.9m | $9.9m | $9.8m |
| Shareholders' equity | −$14.7m | $10.7m | $21.5m | $33.6m | $41.7m | $10.3m | $20.9m | $31.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 10.4% | 30.1% | 11.3% |
| Net income | 9.3% | 30.1% | 12.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.8 | -1.9 | -1.9 | -0.3 | -0.8 | -1.2 | -0.1 | -0.1 | -0.4 | -0.2 |
| Price to sales | — | — | — | — | — | — | — | — | — | 0.7 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 71% | 16% | 135% | -66% | -5% | -19% | -38% | -90% | -76% | -33% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 31 Jul 2020
- 10-to-1 reverse split · 24 May 2018
- 11-to-1 reverse split · 3 Aug 2017
- 18-to-1 reverse split · 21 Aug 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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