A 
2.13
+0.47%
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.
Net income
−$34.8m
FY2016FY2025
Free cash flow
−$29.8m
FY2016FY2025
Shareholders' equity
$39.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$16,000 | −$17,000 | −$23,000 | −$8,000 | −$23,000 | −$46,600 | −$52,789 | −$44,197 | −$128,994 | −$303,482 |
| Research and development | $21.2m | $14.1m | $17.3m | $15.1m | $9.2m | $6.6m | $7.1m | $4.2m | $2.3m | $770,427 |
| Operating income | −$37.1m | −$27.6m | −$31.4m | −$27.7m | −$20.5m | −$14.6m | −$17.3m | −$11.4m | −$7.9m | −$7.2m |
| Net income | −$34.8m | −$25.5m | −$30.1m | −$26.2m | −$20.6m | −$17.8m | −$17.2m | −$11.4m | −$8.1m | −$6.4m |
| Diluted earnings per share | -4.04 | -3.02 | -0.24 | -3.11 | -2.44 | -2.89 | -28.32 | -26.06 | -45.92 | -303.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $47.6m | $76.4m | $96.3m | $123.5m | $141.3m | $42.8m | $14.5m | $11.7m | $8.2m | $4.1m |
| Cash and short-term investments | $41.3m | $71.1m | $88.5m | $110.9m | $136.4m | $39.7m | $12.7m | $10.4m | $7.2m | $3.0m |
| Total liabilities | $8.3m | $5.0m | $5.2m | $5.6m | $3.1m | $15.7m | $1.3m | $2.9m | $1.2m | $1.0m |
| Debt | — | — | — | — | — | $18,053 | $50,479 | — | — | — |
| Shareholders' equity | $39.4m | $71.5m | $91.0m | $118.0m | $138.1m | $27.2m | $13.2m | $8.8m | $6.9m | $3.1m |
| Shares outstanding | 9m | 8m | 125m | 8m | 8m | 6m | 1m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$29.8m | −$21.0m | −$20.9m | −$20.8m | −$16.5m | −$11.6m | −$9.1m | −$9.0m | −$6.6m | −$5.4m |
| Capital spending | −$23,000 | −$19,000 | −$14,000 | −$27,000 | −$9,000 | −$9,367 | −$7,628 | −$110,906 | −$110,906 | −$9,213 |
| Free cash flow | −$29.8m | −$21.0m | −$21.0m | −$20.8m | −$16.5m | −$11.6m | −$9.1m | −$9.1m | −$6.7m | −$5.4m |
| Dividends paid | — | — | — | — | — | −$4.5m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | — | −$4,000 | −$4,000 | −$4,000 | −$4,000 | −$4,000 | −$4,000 | −$4,000 |
| Operating income | −$8.7m | −$9.9m | −$11.4m | −$9.3m | −$9.0m | −$7.4m | −$7.2m | −$6.4m |
| Net income | −$8.5m | −$9.6m | −$10.9m | −$8.7m | −$8.4m | −$6.7m | −$6.3m | −$7.2m |
| Diluted earnings per share | -0.95 | -1.08 | -1.27 | -1.01 | -0.98 | -0.78 | -0.75 | -0.86 |
| Cash from operations | −$9.0m | −$9.0m | −$10.0m | −$6.0m | −$7.0m | −$5.0m | −$7.0m | −$4.0m |
| Total assets | $32.3m | $37.9m | $47.6m | $58.0m | $64.5m | $70.7m | $76.4m | $79.5m |
| Cash and short-term investments | $26.1m | $31.7m | $41.3m | $51.8m | $57.9m | $65.1m | $71.1m | $74.8m |
| Shareholders' equity | $26.8m | $30.5m | $39.4m | $49.8m | $57.7m | $65.3m | $71.5m | $73.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 10.3% | 20.5% | 11.3% |
| Net income | 9.9% | 14.3% | 8.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -2.8 | -32.4 | -1.5 | -5.8 | -2.9 | -0.3 | -0.1 | -0.2 | -0.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -29% | 38% | 26% | -70% | 117% | -8% | 193% | -63% | -70% | -72% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 2 Feb 2026
- 12-to-1 reverse split · 20 Apr 2018
- 15-to-1 reverse split · 26 Aug 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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