C 
9.17
+6.63%
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
$37.0m
FY2016FY2025
Net income
−$25.5m
FY2016FY2025
Free cash flow
−$24.4m
FY2016FY2025
Shareholders' equity
$28.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.0m | $31.4m | $24.0m | $20.6m | $16.3m | $12.8m | $11.2m | $7.4m | $7.4m | $5.7m |
| Gross profit | $22.7m | $19.1m | $13.6m | $13.5m | $11.1m | $9.1m | $7.3m | $4.9m | $4.5m | $3.1m |
| Research and development | $13.9m | $12.4m | $11.7m | $10.9m | $9.3m | $4.7m | $2.8m | $2.3m | $2.8m | $2.6m |
| Operating income | −$24.3m | −$19.7m | −$22.4m | −$16.4m | −$13.4m | −$5.3m | −$4.6m | −$5.2m | −$6.3m | −$7.0m |
| Net income | −$25.5m | −$18.9m | −$22.1m | −$16.4m | −$14.4m | −$6.8m | −$5.5m | −$6.2m | −$7.2m | −$8.1m |
| Diluted earnings per share | -0.90 | -0.70 | -0.90 | -0.67 | -0.64 | -0.41 | -0.37 | -0.56 | -0.68 | -2.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $97.7m | $39.2m | $42.7m | $55.5m | $65.6m | $29.5m | $11.9m | $7.9m | $13.9m | $7.4m |
| Cash and short-term investments | $45.9m | $20.1m | $23.1m | $37.5m | $54.1m | $20.1m | $5.7m | $3.1m | $9.3m | $3.3m |
| Total liabilities | $69.7m | $13.8m | $21.5m | $18.6m | $16.8m | $27.1m | $7.3m | $6.3m | $8.1m | $8.2m |
| Debt | $49.8m | — | $9.9m | $9.9m | $9.8m | $21.3m | $2.1m | $3.5m | $4.9m | $4.5m |
| Shareholders' equity | $28.0m | $25.4m | $21.2m | $36.9m | $48.8m | $2.4m | $4.6m | $1.5m | $5.8m | −$756,069 |
| Shares outstanding | 28m | 27m | 25m | 25m | 23m | 17m | 15m | 11m | 11m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$23.9m | −$8.9m | −$13.7m | −$16.2m | −$12.7m | −$7.8m | −$2.8m | −$4.6m | −$6.0m | −$5.8m |
| Capital spending | −$522,000 | −$275,000 | −$717,000 | −$253,000 | −$168,000 | −$482,000 | −$160,190 | −$63,490 | −$26,752 | −$101,002 |
| Free cash flow | −$24.4m | −$9.2m | −$14.4m | −$16.4m | −$12.9m | −$8.3m | −$3.0m | −$4.7m | −$6.0m | −$5.9m |
| Dividends paid | — | — | — | −$204,000 | −$432,000 | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.9m | $12.1m | $10.4m | $8.9m | $9.2m | $8.5m | $7.8m | $8.1m |
| Gross profit | $6.9m | $7.5m | $6.4m | $5.6m | $5.6m | $5.1m | $4.8m | $4.8m |
| Operating income | −$10.3m | −$8.5m | −$7.1m | −$5.3m | −$5.7m | −$6.2m | −$5.6m | −$5.2m |
| Net income | −$11.3m | −$9.6m | −$7.8m | −$5.9m | −$5.8m | −$6.0m | −$5.4m | −$5.0m |
| Diluted earnings per share | -0.38 | -0.32 | -0.27 | -0.21 | -0.21 | -0.21 | -0.20 | -0.18 |
| Cash from operations | −$7.0m | −$7.0m | −$12.0m | −$3.0m | −$2.0m | −$6.0m | −$1.0m | −$1.0m |
| Total assets | $86.7m | $93.4m | $97.7m | $60.4m | $62.9m | $30.1m | $39.2m | $40.2m |
| Cash and short-term investments | $29.4m | $35.6m | $45.9m | $38.2m | $41.5m | $12.4m | $20.1m | $21.6m |
| Debt | $50.4m | $49.9m | $49.8m | $29.6m | $29.2m | $578,000 | $557,000 | $536,000 |
| Shareholders' equity | $10.8m | $18.8m | $28.0m | $15.9m | $19.7m | $20.0m | $25.4m | $29.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.6% | 23.6% | 23.2% |
| Operating income | 14.1% | 35.4% | 10.5% |
| Net income | 15.8% | 30.4% | 11.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 61.2% | 61.1% | 62.8% | 62.6% |
| Operating margin | -64.4% | -73.4% | -71.6% | -75.0% |
| Net margin | -65.0% | -73.5% | -73.4% | -78.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.2 | -22.0 | -7.6 | -12.6 | -17.5 | -39.2 | -13.1 | -2.8 | -4.1 | -0.6 |
| Price to sales | 10.5 | 13.2 | 7.0 | 10.1 | 15.5 | 20.7 | 6.5 | 2.3 | 3.9 | 0.8 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -9% | 127% | -19% | -28% | -18% | 194% | 207% | -46% | 193% | -82% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 27 Jul 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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