C 
0.70
-23.04%
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
$9.4m
FY2016FY2025
Net income
−$7.6m
FY2016FY2025
Free cash flow
−$27.2m
FY2016FY2025
Shareholders' equity
$5.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.4m | $10.9m | $10.0m | $10.2m | $10.6m | $10.8m | $10.0m | $10.4m | $9.9m | $7.5m |
| Gross profit | $9.4m | $10.8m | $10.0m | $9.9m | $10.1m | $10.3m | $9.5m | $9.9m | $9.4m | $7.1m |
| Research and development | $28.3m | $38.6m | $39.5m | $43.3m | $34.9m | $23.1m | $22.3m | $24.4m | $33.3m | $31.6m |
| Operating income | −$5.7m | −$44.5m | −$48.3m | −$53.0m | −$41.2m | −$24.9m | −$27.3m | −$29.3m | −$49.9m | −$57.6m |
| Net income | −$7.6m | −$43.4m | −$47.4m | −$60.3m | −$45.4m | −$29.9m | −$32.1m | −$32.6m | −$53.3m | −$60.4m |
| Diluted earnings per share | -9.63 | -113.11 | -164.29 | -12.51 | -198.41 | -180.28 | -387.24 | -393.42 | -3,251.04 | -858.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $20.0m | $41.3m | $77.3m | $108.8m | $162.3m | $204.4m | $35.1m | $37.4m | $73.8m | $57.8m |
| Cash and short-term investments | $5.1m | $20.0m | $56.3m | $85.6m | $115.9m | $168.5m | $20.5m | $24.3m | $60.2m | $44.5m |
| Total liabilities | $14.5m | $47.3m | $57.6m | $62.3m | $71.6m | $73.7m | $69.0m | $41.9m | $49.8m | $28.5m |
| Debt | $1.6m | $3.0m | $2.8m | $6.7m | $5.0m | $7.7m | $166,000 | $35.5m | $41.6m | $19.9m |
| Shareholders' equity | $5.5m | −$6.0m | $19.7m | $46.6m | $90.7m | $130.7m | −$33.9m | −$4.5m | $24.0m | $29.3m |
| Shares outstanding | 1m | 0m | 0m | 5m | 0m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$27.2m | −$39.6m | −$38.4m | −$54.3m | −$37.6m | −$25.7m | −$26.2m | −$30.1m | −$48.4m | −$35.8m |
| Capital spending | — | — | −$416,000 | −$416,000 | −$416,000 | −$677,000 | −$41,000 | −$85,000 | −$188,000 | −$329,000 |
| Free cash flow | −$27.2m | −$39.6m | −$38.8m | −$54.8m | −$38.0m | −$26.4m | −$26.2m | −$30.2m | −$48.5m | −$36.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $1.1m | $3.2m | $2.7m | $2.4m | $3.3m | $2.9m |
| Gross profit | −$8,000 | −$8,000 | $1.1m | $3.2m | $2.7m | $2.4m | $3.3m | $2.9m |
| Operating income | −$9.9m | −$11.5m | $19.9m | −$6.9m | −$8.3m | −$10.2m | −$9.2m | −$10.6m |
| Net income | −$8.6m | −$24.2m | $19.4m | −$7.7m | −$8.6m | −$10.6m | −$9.6m | −$10.1m |
| Diluted earnings per share | -4.02 | -11.33 | 24.58 | -9.82 | -10.91 | -13.48 | -25.07 | -26.31 |
| Cash from operations | −$9.0m | −$9.0m | −$6.0m | −$5.0m | −$8.0m | −$7.0m | −$9.0m | −$5.0m |
| Total assets | $19.0m | $29.7m | $20.0m | $27.6m | $29.2m | $39.3m | $41.3m | $42.5m |
| Cash and short-term investments | $5.6m | $15.0m | $5.1m | $9.1m | $10.1m | $20.3m | $20.0m | $20.9m |
| Debt | $1.0m | $1.2m | $1.2m | $1.2m | $1.3m | $1.3m | $1.3m | $1.3m |
| Shareholders' equity | $4.7m | $12.7m | $5.5m | −$14.7m | −$14.0m | −$6.6m | −$6.0m | −$8.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.4% | -2.7% | 1.8% |
| Operating income | -52.4% | -25.5% | -20.5% |
| Net income | -49.9% | -24.0% | -18.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 99.3% | 99.0% | 97.6% | 96.4% |
| Operating margin | -246.9% | -374.0% | -350.9% | -406.7% |
| Net margin | -250.5% | -391.5% | -377.4% | -437.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -0.3 | -1.0 | -11.1 | -6.1 | -7.3 | -0.7 | -0.3 | -0.2 | -2.9 |
| Price to sales | 1.0 | 1.4 | 4.6 | 65.9 | 25.8 | 20.0 | 2.3 | 0.9 | 0.9 | 23.0 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -64% | -73% | 18% | -90% | -1% | 404% | 100% | -80% | -77% | 24% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 6 Jul 2026
- 20-to-1 reverse split · 29 Sept 2023
- 5-to-1 reverse split · 30 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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