B 
1.58
-7.60%
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
$1.2m
FY2016FY2025
Net income
−$1.2m
FY2016FY2025
Free cash flow
−$8.2m
FY2016FY2025
Shareholders' equity
$18.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2m | $28.9m | $4.8m | — | — | — | — | — | — | — |
| Gross profit | $430,387 | $19.7m | $1.1m | −$654,000 | −$702,000 | −$934,000 | −$940,000 | −$451,000 | −$480,675 | −$481,888 |
| Research and development | $7.7m | $9.1m | $12.5m | $17.6m | $19.5m | $18.2m | $23.4m | $19.8m | $19.5m | $11.2m |
| Operating income | −$1.9m | −$1.9m | −$58.5m | −$29.2m | −$26.1m | −$28.5m | −$28.1m | −$25.6m | −$25.2m | −$16.5m |
| Net income | −$1.2m | −$9.2m | −$60.6m | −$25.0m | −$27.1m | −$30.0m | −$25.4m | −$23.0m | −$24.4m | −$15.8m |
| Diluted earnings per share | -0.27 | -4.62 | -33.72 | -19.34 | -24.49 | -71.24 | -104.29 | -126.86 | -162.35 | -169.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $40.9m | $38.9m | $63.9m | $76.4m | $81.4m | $47.3m | $53.6m | $56.2m | $61.0m | $38.9m |
| Cash and short-term investments | $20.9m | $19.6m | $43.0m | $51.1m | $57.1m | $22.6m | $27.5m | $30.2m | $49.5m | $35.6m |
| Total liabilities | $17.6m | $25.4m | $50.7m | $25.5m | $13.3m | $25.3m | $20.2m | $14.9m | $8.1m | $3.9m |
| Debt | $10.1m | $15.0m | $11.6m | $12.3m | $4.7m | $7.7m | $10.5m | $8.7m | $250,000 | $343,000 |
| Shareholders' equity | $18.2m | $13.5m | $13.2m | $50.8m | $68.1m | $22.0m | $33.4m | $41.3m | $52.9m | $35.0m |
| Shares outstanding | 4m | 2m | 2m | 1m | 1m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$8.1m | −$43.9m | −$22.6m | −$26.2m | −$23.6m | −$23.2m | −$22.7m | −$24.2m | −$20.5m | −$14.5m |
| Capital spending | −$25,200 | −$54,000 | −$297,000 | −$316,000 | −$97,000 | −$97,000 | −$73,000 | −$10.2m | −$4.2m | −$55,000 |
| Free cash flow | −$8.2m | −$43.9m | −$22.9m | −$26.6m | −$23.7m | −$23.3m | −$22.7m | −$34.4m | −$24.8m | −$14.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $299,048 | $477,000 | $195,211 | $427,000 | $304,000 | $255,000 | $11.7m | $4.9m |
| Gross profit | $159,695 | $382,000 | $91,568 | $343,000 | $232,000 | $221,000 | $5.7m | $4.1m |
| Operating income | −$3.6m | −$3.0m | −$3.4m | −$2.2m | −$2.3m | $5.3m | −$4.4m | −$4.6m |
| Net income | −$3.1m | −$2.6m | −$1.4m | −$977,000 | −$3.9m | $5.1m | −$3.2m | −$5.8m |
| Diluted earnings per share | -0.69 | -0.58 | -0.32 | -0.22 | -0.91 | 1.18 | -1.60 | -2.92 |
| Cash from operations | −$3.0m | −$2.0m | −$3.0m | −$2.0m | — | −$2.0m | −$8.0m | −$9.0m |
| Total assets | $33.5m | $38.8m | $40.9m | $39.8m | $43.3m | $43.5m | $38.9m | $52.7m |
| Cash and short-term investments | $13.1m | $17.4m | $20.9m | $25.2m | $28.2m | $26.4m | $19.6m | $29.2m |
| Debt | $7.0m | $8.1m | $9.2m | $10.4m | $11.6m | $12.8m | $14.0m | $28.3m |
| Shareholders' equity | $13.8m | $16.7m | $18.2m | $19.5m | $20.1m | $20.9m | $13.5m | $8.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -59.9% | -41.9% | -19.3% |
| Net income | -63.8% | -47.6% | -22.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 66.7% | — | — | — |
| Operating margin | -12.6% | — | — | — |
| Net margin | -34.5% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.2 | -1.1 | -0.7 | -0.4 | -1.2 | -0.5 | -0.3 | -0.4 | -0.8 | -0.7 |
| Price to sales | 10.1 | 0.3 | 8.3 | — | — | — | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -36% | -81% | 175% | -72% | -16% | 34% | -53% | -58% | 12% | -25% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 30 Jan 2025
- 15-to-1 reverse split · 15 Jul 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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