A 
1.13
-8.87%
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
—
FY2016FY2025
Net income
−$26.0m
FY2016FY2025
Free cash flow
−$25.6m
FY2016FY2025
Shareholders' equity
$17.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $3.1m | $12.3m | $4.3m | $32.4m | $23.1m | $14.7m | $36.4m |
| Research and development | $14.5m | $14.4m | $17.1m | $17.9m | $19.0m | $17.9m | $24.8m | $35.4m | $29.0m | $29.5m |
| Operating income | −$26.3m | −$24.6m | −$28.9m | −$28.6m | −$21.4m | −$27.5m | −$41.0m | −$51.7m | −$53.9m | −$126.9m |
| Net income | −$26.0m | −$24.1m | −$17.4m | $8.0m | −$27.3m | −$17.8m | −$44.7m | −$53.7m | $7.0m | −$112.4m |
| Diluted earnings per share | -26.02 | -5,885.37 | — | — | — | — | — | — | — | -3,416.87 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $27.2m | $15.6m | $24.8m | $34.2m | $56.6m | $53.5m | $53.4m | $67.5m | $117.0m | $91.9m |
| Cash and short-term investments | $21.6m | $8.7m | $16.9m | $22.6m | $45.0m | $40.0m | $12.4m | $30.6m | $80.8m | $54.5m |
| Total liabilities | $9.8m | $10.8m | $12.6m | $16.2m | $55.4m | $37.0m | $41.6m | $37.1m | $35.0m | $41.3m |
| Debt | $4.6m | $4.6m | $5.4m | $9.5m | $16.7m | $27.4m | $23.2m | $19.3m | $19.1m | $18.4m |
| Shareholders' equity | $17.4m | $4.8m | $12.2m | $18.0m | $1.2m | $16.6m | $11.8m | $30.4m | $82.0m | $50.6m |
| Shares outstanding | 1m | 0m | — | — | — | — | — | — | — | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$25.6m | −$23.8m | −$11.7m | −$21.0m | −$21.7m | −$29.3m | −$42.4m | −$51.4m | −$41.6m | −$36.9m |
| Capital spending | — | — | — | −$29,000 | −$713,000 | −$88,000 | −$153,000 | −$976,000 | −$1.4m | −$2.5m |
| Free cash flow | −$25.6m | −$23.8m | −$11.7m | −$21.1m | −$22.4m | −$29.4m | −$42.5m | −$52.4m | −$43.0m | −$39.4m |
| Dividends paid | −$1.6m | — | — | −$4,000 | −$10.2m | −$21.2m | −$58,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | −$220,000 | — | — | — | — | — |
| Operating income | −$6.4m | −$6.8m | −$6.0m | −$7.6m | −$6.2m | −$6.5m | −$6.4m | −$5.2m |
| Net income | −$6.4m | −$6.7m | −$5.8m | −$7.5m | −$6.2m | −$6.4m | −$6.3m | −$5.1m |
| Diluted earnings per share | -5.31 | -5.60 | -5.82 | -7.57 | -6.22 | -6.42 | -1,539.51 | -1,244.15 |
| Cash from operations | −$5.0m | −$7.0m | −$5.0m | −$6.0m | −$7.0m | −$6.0m | −$5.0m | −$5.0m |
| Total assets | $14.5m | $19.9m | $27.2m | $27.0m | $15.6m | $8.3m | $15.6m | $15.1m |
| Cash and short-term investments | $9.8m | $14.5m | $21.6m | $21.1m | $9.4m | $2.1m | $8.7m | $7.8m |
| Debt | $919,000 | $892,000 | $866,000 | — | — | — | — | — |
| Shareholders' equity | $6.0m | $11.6m | $17.4m | $17.4m | $6.5m | −$1.5m | $4.8m | $4.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -2.8% | -0.9% | -8.1% |
| Net income | — | 7.9% | -7.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -0.3 | -16.6 | 285.1 | -284.2 | -2036.8 | -202.4 | -195.3 | -179.2 |
| Price to sales | — | — | — | — | — | — | 279.0 | 454.7 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -99% | -83% | -85% | -75% | -77% | 368% | -34% | -66% | 91% | -73% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 18-to-1 reverse split · 30 Dec 2025
- 20-to-1 reverse split · 27 May 2025
- 37-to-1 reverse split · 4 Dec 2024
- 44-to-1 reverse split · 6 Mar 2024
- 14-to-1 reverse split · 27 Mar 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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