C 
0.80
+0.68%
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
$593,000
FY2016FY2025
Net income
−$45.9m
FY2016FY2025
Free cash flow
−$38.0m
FY2016FY2025
Shareholders' equity
$45.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $593,000 | $683,000 | $488,000 | $386,000 | $359,000 | $366,000 | $244,632 | $378,000 | $505,000 | $381,000 |
| Research and development | $35.3m | $36.9m | $32.9m | $27.1m | $17.4m | $11.2m | $11.2m | $8.2m | $7.9m | $15.0m |
| Operating income | −$49.0m | −$48.7m | −$45.4m | −$39.9m | −$28.9m | −$19.1m | −$16.7m | −$17.1m | −$25.6m | −$40.1m |
| Net income | −$45.9m | −$45.4m | −$41.4m | −$38.7m | −$28.3m | −$19.3m | −$16.4m | −$16.5m | −$24.9m | −$39.2m |
| Diluted earnings per share | -0.69 | -0.95 | -0.93 | -0.87 | -0.70 | -0.83 | -1.97 | -4.30 | -44.63 | -91.90 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $61.9m | $97.2m | $81.6m | $116.2m | $149.5m | $134.7m | $13.1m | $14.2m | $12.3m | $44.0m |
| Cash and short-term investments | $58.3m | $91.7m | $74.8m | $105.3m | $140.8m | $131.0m | $10.2m | $11.5m | $8.2m | $37.9m |
| Total liabilities | $16.5m | $14.2m | $11.9m | $9.8m | $9.1m | $6.6m | $5.8m | $4.1m | $5.8m | $24.2m |
| Debt | — | — | — | — | — | — | — | — | $1.3m | $16.5m |
| Shareholders' equity | $45.4m | $82.9m | $69.7m | $106.3m | $140.4m | $128.2m | $7.3m | $10.1m | $6.5m | $19.8m |
| Shares outstanding | 67m | 48m | 45m | 45m | 41m | 23m | 8m | 4m | 1m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$37.9m | −$37.7m | −$30.9m | −$33.8m | −$23.0m | −$16.3m | −$13.3m | −$13.2m | −$23.3m | −$31.0m |
| Capital spending | −$44,000 | −$80,000 | −$582,000 | −$892,000 | −$205,000 | −$211,880 | −$68,000 | −$5,100 | −$100,000 | −$823,000 |
| Free cash flow | −$38.0m | −$37.8m | −$31.5m | −$34.7m | −$23.2m | −$16.5m | −$13.3m | −$13.2m | −$23.4m | −$31.9m |
| Dividends paid | — | — | — | −$414,000 | −$24,000 | −$24.2m | −$24.2m | −$24.2m | −$24.2m | −$24.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $104,000 | $41,000 | $243,000 | $120,000 | $121,000 | $109,000 | $151,000 | $165,000 |
| Operating income | −$9.6m | −$12.9m | −$7.8m | −$12.0m | −$14.8m | −$14.4m | −$12.6m | −$12.6m |
| Net income | −$9.2m | −$12.3m | −$7.2m | −$11.3m | −$13.9m | −$13.4m | −$11.8m | −$11.9m |
| Diluted earnings per share | -0.13 | -0.18 | -0.11 | -0.17 | -0.21 | -0.20 | -0.25 | -0.25 |
| Cash from operations | −$11.0m | −$12.0m | −$5.0m | −$10.0m | −$8.0m | −$12.0m | −$10.0m | −$10.0m |
| Total assets | $37.3m | $49.2m | $61.9m | $63.8m | $75.7m | $84.8m | $97.2m | $62.9m |
| Cash and short-term investments | $34.5m | $46.1m | $58.3m | $60.6m | $71.0m | $79.9m | $91.7m | $57.7m |
| Debt | $457,000 | $646,000 | $730,000 | $726,000 | $721,000 | $716,000 | $710,000 | $707,000 |
| Shareholders' equity | $26.5m | $34.7m | $45.4m | $48.8m | $58.6m | $70.9m | $82.9m | $49.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.4% | 10.1% | 6.6% |
| Operating income | 7.1% | 20.7% | 6.8% |
| Net income | 5.8% | 18.9% | 5.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7649.8% | -8508.1% | -8030.1% | -7571.6% |
| Net margin | -7153.8% | -7973.3% | -7618.3% | -7313.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.1 | -4.5 | -1.6 | -1.6 | -5.1 | -12.8 | -0.4 | -0.4 | -0.1 | -0.3 |
| Price to sales | 316.7 | 302.8 | 135.5 | 162.0 | 400.2 | — | 24.9 | 19.0 | 7.5 | 30.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -44% | 230% | 9% | -65% | -72% | 1643% | -61% | -65% | -80% | -58% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 6-to-1 reverse split · 20 Feb 2019
- 12-to-1 reverse split · 4 Jun 2018
- 6-to-1 reverse split · 30 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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