B 
0.00
—
Close of 4 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$12.6m
FY2014FY2023
Net income
−$10.5m
FY2014FY2023
Free cash flow
−$2.9m
FY2014FY2023
Shareholders' equity
—
FY2014FY2023
Income statement
Fiscal years
| FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.6m | $11.8m | $21.3m | $12.8m | $6.5m | $8.5m | $6.0m | $6.7m | $10.0m |
| Gross profit | $5.1m | $1.9m | $2.4m | $2.4m | $459,354 | $916,514 | $148,769 | $1.2m | $1.5m |
| Research and development | — | — | — | — | — | $73,238 | $96,572 | $105,168 | $107,872 |
| Operating income | −$3.8m | −$15.3m | −$8.1m | −$3.8m | −$15.8m | −$1.2m | −$1.5m | −$641,000 | −$376,000 |
| Net income | −$10.5m | −$22.4m | −$35.0m | −$5.3m | −$16.8m | −$1.6m | −$1.8m | −$969,000 | −$617,000 |
| Diluted earnings per share | -1.63 | -5.95 | -4.11 | -15.85 | -2.22 | -10.93 | -13.84 | -7.39 | -5.39 |
Balance sheet
At each fiscal year end
| FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | $35.7m | $38.1m | $33.2m | $23.1m | $41.4m | $37.3m | $44.4m | $48.3m |
| Cash and short-term investments | — | $2.3m | $4.6m | $135,309 | $197,356 | $282,154 | $124,637 | $434,571 | $1.3m |
| Total liabilities | — | $30.5m | $26.8m | $16.3m | $13.1m | $14.1m | $10.6m | $14.0m | $17.0m |
| Debt | — | $5.5m | $8.7m | $5.0m | $5.8m | $7.2m | $5.8m | $8.1m | $10.0m |
| Shareholders' equity | — | $4.0m | $11.2m | $16.7m | $10.0m | $27.2m | $26.7m | $30.4m | $31.3m |
| Shares outstanding | 6m | 4m | 9m | 0m | 8m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$2.9m | −$10.3m | −$1.3m | −$3.5m | −$343,970 | −$908,229 | $159,832 | −$2.5m | −$995,080 |
| Capital spending | — | — | −$814,684 | −$258,961 | −$258,961 | −$258,961 | −$407,505 | −$663,271 | −$341,634 |
| Free cash flow | −$2.9m | −$10.3m | −$2.1m | −$3.8m | −$602,931 | −$1.2m | −$247,673 | −$3.1m | −$1.3m |
Latest quarters
By quarter end
| Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | Jun 2022 | Mar 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5m | $5.6m | $3.2m | −$5.4m | $7.3m | $2.8m | $5.0m | $1.9m |
| Gross profit | $115,155 | $2.9m | −$7.8m | −$2.3m | $1.6m | $472,579 | $1.5m | $10,185 |
| Operating income | −$3.1m | $1.3m | −$7.4m | −$2.0m | −$3.1m | −$2.8m | −$2.6m | −$3.2m |
| Net income | −$3.1m | $1.1m | −$11.0m | −$11.8m | −$3.9m | −$6.1m | −$3.0m | −$29.7m |
| Diluted earnings per share | -0.49 | 0.16 | -1.71 | -3.13 | -1.03 | -1.63 | -0.79 | -3.49 |
| Cash from operations | −$1.0m | — | $2.0m | −$2.0m | −$8.0m | $1.0m | −$2.0m | $1.0m |
| Total assets | $35.0m | $36.7m | $36.3m | $35.7m | $33.0m | $40.2m | $38.7m | $38.1m |
| Cash and short-term investments | $994,131 | — | $1.7m | — | $1.0m | $5.0m | $1.6m | — |
| Debt | $2.0m | $126,284 | $2.6m | $314,786 | $3.5m | $3.9m | $4.2m | $538,006 |
| Shareholders' equity | $8.7m | $10.9m | $7.6m | $4.0m | $9.8m | $14.2m | $13.3m | $11.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.6% | 14.1% | 8.3% |
| Operating income | 0.1% | -24.7% | — |
| Net income | 25.7% | -8.9% | 50.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.8% | 20.3% | 18.7% | 17.1% |
| Operating margin | -78.3% | -53.0% | -73.3% | -50.0% |
| Net margin | -134.5% | -124.8% | -144.5% | -97.4% |
Valuation history
At each fiscal year end
| FY2019 | |
|---|---|
| Price to sales | 0.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 102% | -93% | 8% | -92% | -25% | -41% | -50% | 1422% | 23% | -6% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 12 Dec 2022
- 5-to-1 reverse split · 3 Feb 2022
- 2.5-to-1 reverse split · 16 Sept 2010
- 3-to-1 reverse split · 26 Aug 2009
- 35-to-1 reverse split · 16 Oct 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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