A 
2.44
+9.42%
Close of 9 Nov 2026, in USD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CHF, from our data supplier.
Revenue
CHF 3.6m
FY2016FY2025
Net income
−CHF 70.4m
FY2016FY2025
Free cash flow
−CHF 67.0m
FY2016FY2025
Shareholders' equity
CHF 44.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 3.6m | CHF 27.3m | CHF 14.8m | CHF 3.9m | CHF 944,000 | CHF 15.4m | CHF 110.5m | CHF 7.2m | CHF 20.3m | CHF 23.2m |
| Research and development | CHF 56.4m | CHF 62.6m | CHF 54.6m | CHF 60.3m | CHF 62.3m | CHF 59.5m | CHF 50.4m | CHF 44.3m | CHF 32.7m | CHF 25.8m |
| Operating income | −CHF 68.9m | −CHF 52.4m | −CHF 53.6m | −CHF 70.8m | −CHF 79.0m | −CHF 61.8m | CHF 44.5m | −CHF 50.7m | −CHF 22.5m | −CHF 10.5m |
| Net income | −CHF 70.4m | −CHF 50.9m | −CHF 54.2m | −CHF 70.8m | −CHF 73.0m | −CHF 61.9m | CHF 45.4m | −CHF 51.0m | −CHF 26.4m | −CHF 7.1m |
| Diluted earnings per share | -0.70 | -0.50 | -0.64 | -0.85 | -0.92 | -0.86 | 0.63 | -0.71 | -0.46 | -0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 154.4m | CHF 230.9m | CHF 182.8m | CHF 185.9m | CHF 261.4m | CHF 238.7m | CHF 299.3m | CHF 196.6m | CHF 132.0m | CHF 156.1m |
| Cash and short-term investments | CHF 91.4m | CHF 165.5m | CHF 103.0m | CHF 122.6m | CHF 198.2m | CHF 225.9m | CHF 288.6m | CHF 186.5m | CHF 124.4m | CHF 152.2m |
| Total liabilities | CHF 109.5m | CHF 118.6m | CHF 22.2m | CHF 16.9m | CHF 29.5m | CHF 23.3m | CHF 26.8m | CHF 18.9m | CHF 15.2m | CHF 13.7m |
| Debt | CHF 4.5m | CHF 5.4m | CHF 3.5m | CHF 2.8m | CHF 2.9m | CHF 2.2m | CHF 2.9m | CHF 551,838 | CHF 498,380 | — |
| Shareholders' equity | CHF 44.9m | CHF 112.3m | CHF 160.6m | CHF 169.0m | CHF 232.0m | CHF 215.5m | CHF 272.4m | CHF 177.6m | CHF 116.8m | CHF 142.4m |
| Shares outstanding | 101m | 101m | 84m | 84m | 79m | 72m | 72m | 71m | 57m | 57m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CHF 66.1m | CHF 65.8m | −CHF 60.4m | −CHF 73.6m | −CHF 65.7m | −CHF 59.5m | CHF 55.2m | −CHF 44.1m | −CHF 22.1m | −CHF 5.6m |
| Capital spending | −CHF 859,541 | −CHF 576,000 | −CHF 801,000 | −CHF 1.2m | −CHF 2.6m | −CHF 1.7m | −CHF 1.9m | −CHF 1.9m | −CHF 1.8m | −CHF 899,000 |
| Free cash flow | −CHF 67.0m | CHF 65.3m | −CHF 61.2m | −CHF 74.8m | −CHF 68.3m | −CHF 61.2m | CHF 53.3m | −CHF 45.9m | −CHF 23.9m | −CHF 6.5m |
| Dividends paid | — | — | — | −CHF 7,000 | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 15.1m | CHF 1.1m | CHF 338,000 | CHF 939,000 | CHF 1.3m | CHF 990,000 | CHF 1.1m | CHF 25.5m |
| Operating income | CHF 1.2m | −CHF 14.8m | −CHF 14.4m | −CHF 16.2m | −CHF 19.4m | −CHF 19.4m | −CHF 18.6m | CHF 7.3m |
| Net income | CHF 1.9m | −CHF 14.8m | −CHF 14.4m | −CHF 15.9m | −CHF 21.2m | −CHF 19.0m | −CHF 15.8m | CHF 5.5m |
| Diluted earnings per share | 0.02 | -0.15 | -0.14 | -0.16 | -0.21 | -0.19 | -0.16 | 0.05 |
| Cash from operations | — | — | −CHF 16.0m | −CHF 18.0m | −CHF 15.0m | −CHF 18.0m | CHF 5.0m | −CHF 14.0m |
| Total assets | CHF 150.4m | CHF 137.4m | CHF 154.4m | CHF 171.6m | CHF 190.2m | CHF 211.1m | CHF 230.9m | CHF 244.2m |
| Cash and short-term investments | CHF 75.4m | CHF 74.8m | CHF 91.5m | CHF 108.5m | CHF 127.1m | CHF 145.6m | CHF 165.5m | CHF 157.9m |
| Debt | CHF 835,000 | CHF 825,000 | CHF 852,967 | CHF 1.0m | CHF 1.0m | CHF 1.0m | CHF 1.0m | CHF 694,000 |
| Shareholders' equity | CHF 35.2m | CHF 31.5m | CHF 44.9m | CHF 62.4m | CHF 74.7m | CHF 94.8m | CHF 112.3m | CHF 130.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.2% | -25.4% | -21.3% |
| Operating income | -0.9% | 2.2% | — |
| Net income | -0.1% | 2.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -392.6% | -495.2% | -585.7% | -152.9% |
| Net margin | -393.0% | -496.5% | -577.7% | -150.3% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -4.5 |
| Price to sales | 88.9 |
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 4% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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