A 
3.18
+5.65%
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
$65,000
FY2016FY2025
Net income
−$20.2m
FY2016FY2025
Free cash flow
−$14.9m
FY2016FY2025
Shareholders' equity
$18.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65,000 | $135,000 | $550,000 | $382,000 | $400,000 | $62,000 | $533,000 | $246,000 | $110,000 | — |
| Research and development | $12.3m | $11.0m | $12.5m | $10.0m | $8.8m | $8.4m | $7.7m | $7.3m | $5.8m | $4.0m |
| Operating income | −$21.1m | −$19.3m | −$20.7m | −$17.5m | −$15.5m | −$14.9m | −$13.6m | −$13.1m | −$13.2m | −$10.0m |
| Net income | −$20.2m | −$18.4m | −$19.8m | −$17.4m | −$15.7m | −$14.7m | −$12.8m | −$12.9m | −$13.1m | −$12.6m |
| Diluted earnings per share | -0.64 | -0.68 | -0.78 | -0.74 | -0.69 | -0.70 | -0.77 | -0.90 | -1.07 | -1.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $21.1m | $29.1m | $24.0m | $26.7m | $36.1m | $39.4m | $15.2m | $19.4m | $17.8m | $26.9m |
| Cash and short-term investments | $19.2m | $26.8m | $19.5m | $21.2m | $28.7m | $37.9m | $14.9m | $18.9m | $17.4m | $26.7m |
| Total liabilities | $2.7m | $4.0m | $5.9m | $6.4m | $7.7m | $2.0m | $1.5m | $1.6m | $949,000 | $1.0m |
| Debt | $567,000 | $1.7m | $3.1m | $4.1m | $5.5m | — | — | — | — | — |
| Shareholders' equity | $18.4m | $25.1m | $18.2m | $20.3m | $28.4m | $37.3m | $13.8m | $17.7m | $16.9m | $25.8m |
| Shares outstanding | 32m | 27m | 25m | 24m | 23m | 21m | 17m | 14m | 12m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$14.9m | −$13.2m | −$14.6m | −$12.5m | −$12.4m | −$12.1m | −$10.4m | −$9.8m | −$9.3m | −$6.8m |
| Capital spending | −$49,000 | −$14,000 | −$31,000 | −$39,000 | −$109,000 | −$131,000 | −$51,000 | −$23,000 | −$60,000 | −$28,000 |
| Free cash flow | −$14.9m | −$13.3m | −$14.6m | −$12.5m | −$12.6m | −$12.2m | −$10.5m | −$9.8m | −$9.3m | −$6.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $158,000 | $11,000 | $50,000 | $11,000 | — | $4,000 | $23,000 | $22,000 |
| Operating income | −$6.8m | −$6.3m | −$4.6m | −$5.8m | −$5.3m | −$5.5m | −$4.9m | −$4.8m |
| Net income | −$6.3m | −$6.1m | −$4.4m | −$5.6m | −$5.0m | −$5.2m | −$4.7m | −$4.6m |
| Diluted earnings per share | -0.16 | -0.16 | -0.14 | -0.18 | -0.16 | -0.16 | -0.17 | -0.17 |
| Cash from operations | −$3.0m | −$4.0m | −$3.0m | −$3.0m | −$3.0m | −$4.0m | −$3.0m | −$2.0m |
| Total assets | $40.2m | $43.6m | $21.1m | $21.9m | $24.1m | $26.3m | $29.1m | $20.1m |
| Cash and short-term investments | $38.4m | $41.1m | $19.2m | $20.3m | $22.0m | $24.1m | $26.8m | $17.3m |
| Debt | $304,000 | $407,000 | $567,000 | $794,000 | $1.3m | $1.5m | $1.5m | $1.5m |
| Shareholders' equity | $37.1m | $40.5m | $18.4m | $19.0m | $21.3m | $23.3m | $25.1m | $15.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -44.6% | 0.9% | — |
| Operating income | 6.4% | 7.2% | 14.4% |
| Net income | 5.1% | 6.6% | 7.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -20229.5% | -6948.9% | -6845.1% | — |
| Net margin | -19304.5% | -6692.1% | -6657.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.5 | -10.5 | -5.5 | -5.2 | -17.9 | -14.1 | -2.5 | -2.0 | -2.5 | -4.0 |
| Price to sales | — | — | 199.1 | 235.7 | — | — | 59.0 | 103.1 | 294.4 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -58% | 11% | 15% | -66% | 40% | 376% | 3% | -32% | -35% | -19% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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