A 
1.50
+20.00%
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
−$22.6m
FY2016FY2025
Free cash flow
−$10.7m
FY2016FY2025
Shareholders' equity
$14.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $25,000 | $4,000 | $173,000 | $108,000 | $4.9m | $4.4m | $2.1m | — |
| Research and development | $1.3m | $1.6m | $1.7m | $1.8m | $933,000 | $1.0m | $1.6m | $4.5m | $8.1m | $6.3m |
| Operating income | −$23.3m | −$24.0m | −$24.5m | −$15.6m | −$17.5m | −$24.1m | −$41.6m | −$37.0m | −$24.9m | −$13.0m |
| Net income | −$22.6m | −$24.6m | −$23.9m | −$15.4m | −$18.2m | −$25.8m | −$44.8m | −$40.3m | −$26.6m | −$13.6m |
| Diluted earnings per share | -15.15 | -34.28 | -44.16 | -39.25 | -48.30 | -82.15 | -155.59 | -206.64 | -242.08 | -163.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $19.7m | $26.4m | $33.6m | $33.5m | $33.3m | $35.1m | $69.5m | $71.4m | $74.4m | $71.5m |
| Cash and short-term investments | $10.8m | $4.1m | $16.5m | $7.1m | $8.1m | $6.5m | $7.6m | $20.9m | $22.8m | $25.5m |
| Total liabilities | $4.9m | $10.1m | $7.5m | $12.6m | $5.7m | $4.0m | $19.9m | $21.3m | $15.5m | $14.5m |
| Debt | $592,000 | $4.3m | $3.2m | $6.5m | $718,000 | $1.2m | $10.7m | $13.2m | $10.6m | $9.9m |
| Shareholders' equity | $14.8m | $16.2m | $26.1m | $20.9m | $27.5m | $31.1m | $49.6m | $50.1m | $59.0m | $57.0m |
| Shares outstanding | 1m | 1m | 1m | 0m | 0m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$10.3m | −$13.6m | −$3.2m | −$10.1m | −$7.1m | −$11.0m | −$25.2m | −$26.3m | −$19.0m | −$11.1m |
| Capital spending | −$425,000 | −$12.2m | −$9.9m | −$4.8m | −$2.4m | −$3.4m | −$13.1m | −$3.7m | −$9.4m | −$26.7m |
| Free cash flow | −$10.7m | −$25.8m | −$13.1m | −$14.9m | −$9.4m | −$14.4m | −$38.3m | −$30.0m | −$28.4m | −$37.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | −$1.4m | — | — | — | — | — |
| Operating income | −$2.5m | −$4.1m | −$4.6m | −$3.0m | −$7.0m | −$8.7m | −$4.1m | −$5.2m |
| Net income | −$4.5m | −$4.0m | −$4.4m | −$3.1m | −$6.8m | −$8.3m | −$7.4m | −$5.2m |
| Diluted earnings per share | -1.31 | -1.16 | -2.97 | -2.09 | -4.53 | -5.56 | -10.39 | -7.27 |
| Cash from operations | −$2.0m | −$3.0m | −$2.0m | −$2.0m | −$2.0m | −$2.0m | −$1.0m | −$3.0m |
| Capital spending | — | — | — | — | — | — | — | −$1.0m |
| Free cash flow | — | — | — | — | — | — | — | −$4.0m |
| Total assets | $12.6m | $17.1m | $19.7m | $10.5m | $9.2m | $18.1m | $26.4m | $28.5m |
| Cash and short-term investments | $4.7m | $6.8m | $10.8m | $3.6m | $1.9m | $1.6m | $4.1m | $3.0m |
| Debt | $289,000 | $321,000 | $311,000 | $235,000 | $266,000 | $3.6m | $3.8m | $3.3m |
| Shareholders' equity | $9.5m | $13.1m | $14.8m | $6.5m | $5.1m | $9.5m | $16.2m | $20.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 14.4% | -0.7% | 15.6% |
| Net income | 13.6% | -2.5% | 6.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -0.3 | -1.0 | -1.9 | -1.5 | -2.2 | -0.3 | -0.3 | -0.3 | -2.9 |
| Price to sales | — | — | — | — | 159.9 | — | 2.7 | 2.9 | 4.0 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -40% | -82% | 57% | -59% | -21% | 243% | -53% | -14% | -85% | 153% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 4 Aug 2025
- 20-to-1 reverse split · 5 Nov 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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