A 
12.96
+4.77%
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 USD, from our data supplier.
Revenue
$40.3m
FY2016FY2025
Net income
−$3.1m
FY2016FY2025
Free cash flow
$4.7m
FY2016FY2025
Shareholders' equity
$4.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.3m | $35.2m | $31.3m | $29.9m | $24.5m | $20.5m | $10.8m | $5.7m | $2.7m | $994,265 |
| Gross profit | $31.6m | $27.9m | $24.3m | $22.7m | $18.4m | $14.5m | $6.4m | $3.0m | $1.4m | −$232,056 |
| Research and development | $4.6m | $5.1m | $7.0m | $6.1m | $5.3m | $1.2m | $636,000 | $194,429 | $181,303 | $343,712 |
| Operating income | −$3.2m | −$3.4m | −$6.0m | −$10.4m | −$15.5m | −$7.1m | −$7.8m | −$4.8m | −$4.7m | −$4.6m |
| Net income | −$3.1m | −$4.3m | −$5.9m | −$10.4m | −$12.6m | −$6.1m | −$7.8m | −$5.0m | −$5.6m | −$9.6m |
| Diluted earnings per share | -0.25 | -0.35 | -0.50 | -0.90 | -1.13 | -0.61 | -0.96 | -0.67 | -0.87 | -2.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $32.2m | $29.8m | $25.5m | $24.4m | $29.3m | $18.3m | $9.2m | $9.1m | $5.0m | $4.5m |
| Cash and short-term investments | $5.3m | $5.7m | $9.2m | $6.9m | $19.0m | $9.1m | $2.0m | $5.7m | $2.0m | $1.4m |
| Total liabilities | $27.4m | $20.3m | $18.8m | $13.8m | $11.7m | $10.6m | $7.6m | $3.2m | $4.3m | $4.2m |
| Debt | $13.2m | $7.2m | $7.5m | $2.5m | $967,000 | $2.0m | $968,000 | $81,322 | $32,937 | $23,800 |
| Shareholders' equity | $4.8m | $9.4m | $6.7m | $10.6m | $17.6m | $7.6m | $1.6m | $5.9m | $696,011 | $307,237 |
| Shares outstanding | 12m | 12m | 12m | 12m | 11m | 10m | 8m | 8m | 6m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $4.8m | $2.7m | $318,000 | −$5.0m | −$5.0m | −$1.9m | −$5.6m | −$1.6m | −$1.6m | −$2.3m |
| Capital spending | −$54,000 | −$1.9m | −$2.2m | −$1.2m | −$1.6m | −$1.3m | −$363,000 | −$425,783 | −$424,969 | −$42,640 |
| Free cash flow | $4.7m | $790,000 | −$1.8m | −$6.2m | −$6.6m | −$3.2m | −$6.0m | −$2.1m | −$2.0m | −$2.4m |
| Dividends paid | — | — | −$13.6m | — | −$622,000 | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.7m | $10.6m | $10.5m | $10.2m | $9.9m | $9.7m | $9.7m | $8.9m |
| Gross profit | $8.4m | $8.3m | $8.3m | $7.9m | $7.6m | $7.7m | $7.8m | $7.1m |
| Operating income | −$598,000 | −$2.3m | −$814,000 | −$318,000 | $242,000 | −$940,000 | −$1.3m | −$991,000 |
| Net income | −$865,000 | −$2.1m | −$1.1m | −$554,000 | −$2,000 | −$1.5m | −$1.5m | −$1.2m |
| Diluted earnings per share | -0.07 | -0.17 | -0.08 | -0.04 | -0.00 | -0.12 | -0.12 | -0.10 |
| Cash from operations | $1.0m | $1.0m | $2.0m | $1.0m | $1.0m | — | — | $1.0m |
| Capital spending | — | — | — | — | — | — | — | −$1.0m |
| Free cash flow | — | — | — | — | — | — | — | $0 |
| Total assets | $34.9m | $35.1m | $32.2m | $30.5m | $33.9m | $33.1m | $29.8m | $29.4m |
| Cash and short-term investments | $8.7m | $8.6m | $5.3m | $4.5m | $6.9m | $8.3m | $5.7m | $5.5m |
| Debt | $16.5m | $16.7m | $13.2m | $13.2m | $13.1m | $11.7m | $7.0m | $9.3m |
| Shareholders' equity | $3.2m | $3.2m | $4.8m | $5.7m | $7.3m | $7.9m | $9.4m | $7.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.5% | 14.5% | 61.3% |
| Operating income | -32.7% | -14.9% | -8.0% |
| Net income | -33.4% | -12.9% | -8.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 78.8% | 77.9% | 76.7% | 73.7% |
| Operating margin | -8.7% | -16.8% | -25.1% | -37.0% |
| Net margin | -9.7% | -17.3% | -23.3% | -38.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -40.3 | -43.5 | -10.8 | -4.2 | -6.2 | -42.3 | -4.9 | -12.8 | -4.3 | -1.4 |
| Price to sales | 3.1 | 5.3 | 2.0 | 1.5 | 3.2 | 12.7 | 3.5 | 11.4 | 8.8 | 13.9 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -30% | 296% | 1% | -42% | -74% | 437% | -35% | 125% | -7% | 275% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 25-to-1 reverse split · 8 Aug 2018
- 10-to-1 reverse split · 10 May 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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