A 
0.06
-1.54%
Close of 9 Nov 2026, in NZD
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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
$63.2m
FY2016FY2025
Net income
−$21.5m
FY2016FY2025
Free cash flow
−$5.1m
FY2016FY2025
Shareholders' equity
$124.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.2m | $67.7m | $56.1m | $47.6m | $42.8m | $56.9m | $49.1m | $35.4m | $90.0m |
| Gross profit | $18.2m | $24.0m | $18.2m | $16.3m | $15.6m | $19.7m | $17.1m | $15.0m | $19.0m |
| Operating income | −$1.2m | $4.5m | $2.5m | −$600,000 | $3.0m | −$700,000 | $300,000 | $5.8m | $3.0m |
| Net income | −$21.5m | −$200,000 | −$2.5m | $1.7m | $3.2m | −$2.7m | −$4.3m | $1.8m | −$16.0m |
| Diluted earnings per share | -0.04 | -0.00 | -0.01 | 0.00 | 0.00 | -0.01 | -0.01 | 0.00 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $175.5m | $197.3m | $199.8m | $192.1m | $203.3m | $200.7m | $194.0m | $213.8m | $289.0m |
| Cash and short-term investments | $3.5m | $5.6m | $12.7m | $15.2m | $6.2m | $5.9m | $3.2m | $23.0m | $2.0m |
| Total liabilities | $50.9m | $48.6m | $50.5m | $40.7m | $55.1m | $58.8m | $46.4m | $62.4m | $149.0m |
| Debt | $32.6m | $26.7m | $30.6m | $31.7m | $39.5m | $43.2m | $29.0m | $38.6m | $67.0m |
| Shareholders' equity | $124.6m | $148.7m | $149.3m | $151.4m | $148.2m | $141.9m | $147.6m | $151.4m | $140.0m |
| Shares outstanding | 521m | 506m | 502m | 504m | 500m | 498m | 497m | 488m | 410m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.7m | $11.7m | $6.5m | $7.5m | $9.9m | $4.8m | $6.5m | $9.4m | $32.0m |
| Capital spending | −$7.8m | −$6.6m | −$5.6m | −$4.6m | −$4.7m | −$9.4m | −$7.4m | −$3.0m | −$5.0m |
| Free cash flow | −$5.1m | $5.1m | $900,000 | $2.9m | $5.2m | −$4.6m | −$900,000 | $6.4m | $27.0m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.2m | $50.4m | $12.8m | $54.5m | $13.2m | $6.6m | $48.7m | $24.4m |
| Gross profit | $3.2m | $15.1m | $3.1m | $19.2m | $4.8m | $5.8m | $16.4m | $5.3m |
| Operating income | −$6.9m | $5.9m | −$7.1m | $9.0m | −$4.5m | $700,000 | $9.0m | $600,000 |
| Net income | −$600,000 | −$19.4m | −$2.1m | −$100,000 | −$100,000 | −$50,000 | −$900,000 | −$450,000 |
| Diluted earnings per share | -0.00 | -0.04 | -0.00 | -0.00 | -0.00 | — | -0.00 | -0.00 |
| Total assets | $187.2m | $175.5m | $197.7m | $197.3m | $201.8m | $201.8m | $199.8m | $199.8m |
| Cash and short-term investments | $3.6m | $3.5m | $4.3m | $5.6m | $4.3m | $4.3m | $12.7m | $12.7m |
| Debt | $38.6m | $29.1m | $27.7m | $24.0m | $23.5m | $23.5m | $21.7m | $21.7m |
| Shareholders' equity | $125.5m | $124.6m | $145.5m | $148.7m | $148.6m | $148.6m | $149.3m | $149.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.9% | 2.1% | -17.0% |
| Operating income | 26.0% | 11.4% | — |
| Net income | — | 51.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.2% | 32.7% | 33.5% | 28.5% |
| Operating margin | 2.5% | 2.2% | 2.2% | 2.1% |
| Net margin | -16.6% | -9.6% | -6.6% | -4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -40.1 | -3.7 | 7.5 | 4.5 | -3.3 | -2.4 | 6.3 | -1.5 | -0.6 |
| Price to sales | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 1.5 | 0.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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