B 
0.90
+6.19%
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
−$8.2m
FY2016FY2025
Free cash flow
−$7.4m
FY2016FY2025
Shareholders' equity
$895,000
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $477,000 | $1.4m | $1.0m | $145,000 | $710,000 | $625,000 | $479,000 | $576,000 |
| Research and development | $5.0m | $7.7m | $8.8m | $8.6m | $9.8m | $8.6m | $8.5m | $5.8m | $3.3m |
| Operating income | −$8.3m | −$11.6m | −$11.9m | −$12.6m | −$15.5m | −$14.7m | −$14.1m | −$12.4m | −$7.6m |
| Net income | −$8.2m | −$11.6m | −$11.9m | −$12.6m | −$15.0m | −$14.7m | −$14.0m | −$12.3m | −$10.3m |
| Diluted earnings per share | -0.76 | -7.70 | -9.76 | -11.09 | -16.93 | -2.15 | -2.89 | -2.90 | -280.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $3.4m | $3.0m | $9.8m | $15.7m | $23.4m | $7.7m | $6.4m | $13.5m | $22.1m |
| Cash and short-term investments | $2.5m | $1.1m | $7.4m | $12.9m | $21.4m | $5.6m | $5.4m | $12.7m | $21.4m |
| Total liabilities | $2.5m | $4.6m | $4.9m | $5.3m | $4.2m | $5.3m | $2.6m | $2.4m | $1.5m |
| Debt | $528,000 | $1.3m | $1.6m | $1.9m | $614,000 | $1.1m | — | $124,000 | $478,000 |
| Shareholders' equity | $895,000 | −$1.6m | $4.9m | $10.4m | $19.2m | $2.4m | $3.8m | $11.1m | $20.6m |
| Shares outstanding | 11m | 2m | 1m | 1m | 1m | 7m | 5m | 4m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$7.4m | −$10.0m | −$10.6m | −$10.4m | −$12.4m | −$9.4m | −$11.1m | −$8.7m | −$5.5m |
| Capital spending | −$7,000 | −$12,000 | −$70,000 | −$116,000 | −$32,000 | −$146,000 | −$66,000 | −$136,000 | −$136,000 |
| Free cash flow | −$7.4m | −$10.0m | −$10.6m | −$10.5m | −$12.4m | −$9.6m | −$11.1m | −$8.8m | −$5.7m |
| Dividends paid | — | — | — | — | −$346,000 | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | −$58,000 | $58,000 |
| Operating income | −$1.6m | −$2.3m | −$2.0m | −$1.5m | −$2.1m | −$2.7m | −$2.3m | −$1.8m |
| Net income | −$1.6m | −$2.3m | −$2.0m | −$1.5m | −$2.0m | −$2.7m | −$2.3m | −$1.7m |
| Diluted earnings per share | -0.13 | -0.19 | -0.18 | -0.14 | -0.19 | -0.25 | -0.84 | -0.63 |
| Cash from operations | −$1.0m | −$1.0m | −$2.0m | −$1.0m | −$1.0m | −$1.0m | −$2.0m | −$2.0m |
| Total assets | $4.8m | $1.7m | $3.4m | $6.1m | $2.1m | $2.2m | $3.7m | $6.3m |
| Cash and short-term investments | $4.1m | $951,000 | $2.5m | $5.3m | $980,000 | $949,000 | $2.4m | $4.9m |
| Debt | $293,000 | $412,000 | $442,000 | $427,000 | $412,000 | $398,000 | $385,000 | $371,000 |
| Shareholders' equity | $2.7m | −$1.1m | $895,000 | $2.6m | −$1.9m | −$1.5m | $837,000 | $2.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -11.4% | -11.8% | — |
| Net income | -11.6% | -11.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -0.8 | -1.3 | -1.8 | -1.5 | -1.7 | -14.2 | -10.6 | -20.7 | -1.2 |
| Price to sales | — | 103.1 | 31.2 | 15.7 | 18.1 | 176.3 | 295.1 | 237.3 | — | 21.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -36% | -80% | -29% | -17% | -47% | 4% | -14% | -54% | -44% | 462% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 30 May 2024
- 9-to-1 reverse split · 6 Jun 2019
- 12-to-1 reverse split · 3 Nov 2017
- 10-to-1 reverse split · 14 Mar 2008
- 166666-to-1 reverse split · 6 Jan 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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