C 
1.11
+6.73%
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
−$8.8m
FY2016FY2025
Free cash flow
−$8.2m
FY2016FY2025
Shareholders' equity
$6.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $5.4m | $2.0m | $6.6m | — | — | — |
| Research and development | $5.1m | $12.5m | $15.2m | $12.4m | $8.8m | $6.0m | $4.0m | $58.6m | $5.8m | $101.7m |
| Operating income | −$9.0m | −$17.9m | −$18.6m | −$38.8m | −$14.2m | −$9.6m | −$48.4m | −$62.9m | −$8.3m | −$105.8m |
| Net income | −$8.8m | −$17.5m | −$18.0m | −$38.8m | −$14.2m | −$9.6m | −$48.2m | −$49.0m | −$613,000 | −$74.9m |
| Diluted earnings per share | -0.78 | -1.72 | -1.77 | -4.77 | -1.95 | -2.01 | -13.87 | -1.62 | -0.30 | -37.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $9.7m | $13.5m | $31.3m | $40.8m | $79.4m | $54.2m | $28.5m | $68.6m | $121.4m | $124.9m |
| Cash and short-term investments | $7.0m | $9.9m | $26.4m | $37.1m | $58.7m | $33.0m | $7.4m | $2.7m | $748,000 | $3.6m |
| Total liabilities | $3.4m | $3.9m | $4.9m | $1.3m | $1.8m | $1.7m | $2.8m | $1.7m | $16.0m | $22.6m |
| Debt | $1.5m | $1.8m | $1.9m | $297,000 | $534,000 | $596,000 | $817,000 | $331,000 | $1.0m | $1.5m |
| Shareholders' equity | $6.3m | $9.5m | $26.4m | $39.6m | $77.5m | $52.5m | $25.7m | $66.9m | $105.4m | $102.3m |
| Shares outstanding | 11m | 10m | 10m | 8m | 7m | 5m | 3m | 30m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$8.2m | −$16.5m | −$14.7m | −$21.4m | −$12.7m | −$9.8m | −$1.6m | −$8.3m | −$6.9m | −$14.7m |
| Capital spending | −$12,000 | −$8,000 | −$118,000 | −$74,000 | −$52,000 | −$240,000 | −$145,000 | −$28,000 | −$40,000 | −$51,000 |
| Free cash flow | −$8.2m | −$16.5m | −$14.8m | −$21.5m | −$12.8m | −$10.1m | −$1.7m | −$8.3m | −$6.9m | −$14.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $105,000 | $225,000 | — | — | — | — | $136,000 | — |
| Operating income | −$3.2m | −$2.4m | −$2.5m | −$2.1m | −$2.1m | −$2.3m | −$3.2m | −$5.0m |
| Net income | −$3.2m | −$2.3m | −$2.4m | −$2.0m | −$2.1m | −$2.3m | −$3.3m | −$4.9m |
| Diluted earnings per share | -0.23 | -0.17 | -0.21 | -0.18 | -0.18 | -0.20 | -0.32 | -0.49 |
| Cash from operations | −$2.0m | −$2.0m | −$1.0m | −$1.0m | −$2.0m | −$2.0m | −$3.0m | −$5.0m |
| Total assets | $4.6m | $7.4m | $9.7m | $10.4m | $8.5m | $10.7m | $13.5m | $16.2m |
| Cash and short-term investments | $2.2m | $4.7m | $7.0m | $7.7m | $4.8m | $6.9m | $9.9m | $13.0m |
| Debt | $352,000 | $343,000 | $334,000 | $326,000 | $317,000 | $309,000 | $301,000 | $293,000 |
| Shareholders' equity | $1.0m | $4.1m | $6.3m | $7.7m | $5.3m | $7.3m | $9.5m | $12.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -38.5% | -1.3% | -16.4% |
| Net income | -39.0% | -1.8% | -15.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -1.2 | -0.6 | -0.3 | -2.5 | -5.0 | -0.3 | -10.8 | -96.3 | -1.5 |
| Price to sales | — | — | — | — | 6.5 | 24.2 | 2.0 | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -24% | 15% | -13% | -76% | -57% | 310% | -78% | -58% | -41% | -51% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 12-to-1 reverse split · 11 Oct 2022
- 30-to-1 reverse split · 24 Jan 2018
- 10-for-1 split · 15 Mar 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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