B 
At a glance
Figures in USD, from our data supplier.
Revenue
$2.9m
FY2016FY2025
Net income
−$3.6m
FY2016FY2025
Free cash flow
−$684,475
FY2016FY2025
Shareholders' equity
−$2.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9m | $3.6m | $6.1m | $12.8m | $10.0m | $14.1m | $23.8m | $32.2m | $37.0m | $37.5m |
| Gross profit | $1.2m | −$1.3m | $158,077 | −$651,988 | $2.0m | $1.5m | $3.2m | $4.9m | $5.7m | $4.8m |
| Operating income | −$2.3m | −$10.1m | −$4.2m | −$11.6m | −$2.4m | −$1.8m | −$4.0m | −$1.3m | −$575,550 | −$1.8m |
| Net income | −$3.6m | −$12.5m | −$4.5m | −$19.1m | −$3.5m | −$6.2m | −$6.1m | −$2.3m | $1.3m | $40,450 |
| Diluted earnings per share | -1.30 | -4.54 | -9.69 | -0.75 | -2.87 | -0.32 | -0.34 | -2.60 | 0.48 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.4m | $2.6m | $6.4m | $8.7m | $15.9m | $7.8m | $15.7m | $13.5m | $4,000 | $15.8m |
| Cash and short-term investments | — | — | $24,163 | $9,262 | $1.2m | $55,644 | $153,904 | $13,143 | $4,000 | $54,980 |
| Total liabilities | $3.7m | $2.7m | $3.8m | $9.9m | $7.0m | $7.8m | $16.3m | $14.3m | $387 | $17.1m |
| Debt | $43,498 | $52,865 | $1.0m | $6.7m | $4.1m | $4.9m | $12.7m | $11.1m | $15.1m | $12.1m |
| Shareholders' equity | −$2.4m | −$191,697 | $2.6m | −$1.2m | $8.9m | −$19,723 | −$519,712 | −$819,514 | $3,613 | −$1.3m |
| Shares outstanding | 3m | 3m | 0m | 26m | 1m | 20m | 18m | 1m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$674,561 | −$6.2m | −$3.5m | −$3.6m | −$4.8m | $4.6m | $1.6m | $3.6m | −$3.1m | $4.1m |
| Capital spending | −$9,914 | −$101,736 | −$159,609 | −$296,793 | −$296,793 | −$55,540 | −$9,038 | −$26,681 | −$33,491 | −$17,554 |
| Free cash flow | −$684,475 | −$6.3m | −$3.7m | −$3.9m | −$5.1m | $4.5m | $1.6m | $3.6m | −$3.1m | $4.1m |
| Dividends paid | — | — | — | — | −$28,260 | −$113,040 | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $532,417 | $250,259 | $296,070 | $462,260 | $1.2m | $960,758 | −$1.3m | $884,283 |
| Gross profit | $297,065 | $8,747 | $398,548 | $427,816 | $252,690 | $91,644 | −$1.8m | −$3,567 |
| Operating income | −$154,569 | −$520,093 | −$460,366 | −$412,788 | −$493,875 | −$971,521 | −$7.7m | −$919,795 |
| Net income | −$65,125 | −$735,313 | −$1.2m | −$480,965 | −$651,818 | −$1.2m | −$8.2m | −$1.3m |
| Diluted earnings per share | -0.02 | -0.27 | -0.45 | -0.17 | -0.24 | -0.44 | -2.99 | -0.48 |
| Cash from operations | — | — | — | — | — | — | −$1.0m | −$1.0m |
| Total assets | $1.3m | $1.3m | $1.4m | $1.3m | $1.5m | $2.1m | $2.6m | $7.8m |
| Cash and short-term investments | — | — | — | — | — | — | — | $72,697 |
| Debt | $34,631 | $40,998 | $43,498 | $258,297 | $48,509 | $208,074 | $52,865 | $1.1m |
| Shareholders' equity | −$3.0m | −$3.0m | −$2.4m | −$1.7m | −$1.4m | −$637,643 | −$191,697 | $4.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -39.0% | -27.2% | — |
| Operating income | -41.4% | 5.3% | — |
| Net income | -42.7% | -10.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -1.8% | -2.4% | 5.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -0.8 | -1.5 | -11.4 | -4378.5 | -4650.9 | -57294.2 |
| Price to sales | 1.0 | 5.2 | 8.3 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -83% | -93% | -97% | -78% | -4% | 6% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 50-to-1 reverse split · 20 May 2024
- 20-to-1 reverse split · 21 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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