B 
0.62
-1.44%
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
−$8.0m
FY2016FY2025
Free cash flow
−$20.1m
FY2016FY2025
Shareholders' equity
−$32.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $1.8m | $1.4m | $1.4m | $180,000 | — | — | — | — |
| Research and development | $4.4m | $2.6m | $7.3m | $25.6m | $36.9m | $41.8m | $31.3m | $51.6m | $88.9m | $10.4m |
| Operating income | −$8.9m | −$8.8m | −$15.1m | −$37.2m | −$66.2m | −$64.2m | −$40.3m | −$57.5m | −$98.0m | −$12.4m |
| Net income | −$8.0m | −$11.1m | −$21.0m | −$33.3m | −$64.2m | −$61.0m | −$38.1m | −$54.9m | −$91.8m | −$12.0m |
| Diluted earnings per share | -0.20 | -0.28 | -0.54 | -0.85 | -1.64 | -2.03 | -1.37 | -2.38 | -4.14 | -0.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $25.9m | $34.3m | $24.8m | $46.2m | $81.6m | $117.0m | $44.6m | $7.1m | $32.8m | $14.9m |
| Cash and short-term investments | $12.6m | $2.9m | $15.3m | $37.3m | $72.4m | $109.5m | $35.9m | $3.9m | $30.6m | $11.7m |
| Total liabilities | $49.9m | $48.6m | $48.3m | $49.2m | $60.7m | $25.2m | $13.4m | $16.4m | $4.8m | $2.6m |
| Debt | $320,000 | $589,000 | $847,000 | $5.0m | $3.6m | $4.3m | $3.9m | — | — | $210,000 |
| Shareholders' equity | −$32.2m | −$32.9m | −$26.8m | −$6.0m | $20.9m | $88.3m | $30.3m | −$7.8m | $27.1m | $12.2m |
| Shares outstanding | 40m | 40m | 39m | 39m | 39m | 30m | 28m | 23m | 22m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$20.0m | −$16.4m | −$16.5m | −$28.2m | −$47.2m | −$43.7m | −$48.2m | −$40.0m | −$28.8m | −$13.7m |
| Capital spending | −$50,000 | −$224,000 | −$100,000 | −$34,000 | −$2.8m | −$52,000 | −$4,000 | −$207,000 | −$76,000 | −$64,000 |
| Free cash flow | −$20.1m | −$16.7m | −$16.6m | −$28.2m | −$50.1m | −$43.8m | −$48.2m | −$40.2m | −$28.9m | −$13.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | −$1.4m | −$1.0m |
| Operating income | −$1.7m | −$2.2m | −$2.6m | −$1.8m | −$1.9m | −$2.6m | −$1.7m | $368,000 |
| Net income | −$849,000 | −$2.2m | −$2.1m | −$1.5m | −$1.8m | $4.5m | −$1.7m | −$2.1m |
| Diluted earnings per share | -0.02 | -0.05 | -0.05 | -0.04 | -0.04 | 0.11 | -0.04 | -0.05 |
| Cash from operations | −$3.0m | −$3.0m | −$5.0m | −$4.0m | −$5.0m | −$4.0m | −$16.0m | −$5.0m |
| Total assets | $14.6m | $18.4m | $25.9m | $29.5m | $31.0m | $37.1m | $34.3m | $34.3m |
| Cash and short-term investments | $6.5m | $7.9m | $12.6m | $12.6m | $9.5m | $8.5m | $2.9m | $2.9m |
| Debt | $171,000 | $246,000 | $320,000 | $313,000 | $307,000 | $301,000 | $282,000 | $282,000 |
| Shareholders' equity | −$35.6m | −$34.5m | −$32.2m | −$31.8m | −$30.2m | −$28.3m | −$32.9m | −$32.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -37.8% | -32.6% | 1.8% |
| Net income | -37.8% | -33.4% | 0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.2 | -5.8 | -1.7 | -2.2 | -1.8 | -1.5 | -2.8 | -2.0 | -1.8 |
| Price to sales | — | — | 20.0 | 54.4 | 84.7 | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 22% | 61% | -44% | -42% | 3% | -27% | -19% | -44% | 102% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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