C 
1.35
-6.90%
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
−$25.4m
FY2016FY2025
Free cash flow
−$17.2m
FY2016FY2025
Shareholders' equity
$16.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $558,664 | $462,754 | $476,556 | $69,020 | $285,055 |
| Research and development | $15.9m | $18.2m | $22.5m | $25.4m | $23.1m | $17.8m | $12.7m | $9.4m | $15.6m | $19.4m |
| Operating income | −$24.8m | −$26.2m | −$31.7m | −$35.6m | −$35.2m | −$29.2m | −$20.3m | −$16.8m | −$21.3m | −$25.6m |
| Net income | −$25.4m | −$26.9m | −$32.4m | −$36.7m | −$36.4m | −$30.3m | −$24.7m | −$31.8m | −$14.4m | −$11.5m |
| Diluted earnings per share | -3.17 | -12.36 | -0.67 | -0.84 | -0.84 | -23.43 | -21.11 | -1.06 | -37.03 | -56.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $28.2m | $27.0m | $30.5m | $50.5m | $75.9m | $40.5m | $27.6m | $29.6m | $22.9m | $11.6m |
| Cash and short-term investments | $11.0m | $4.7m | $4.1m | $22.7m | $42.2m | $15.5m | $8.4m | $10.3m | $2.4m | $2.9m |
| Total liabilities | $12.2m | $14.1m | $17.3m | $18.4m | $19.3m | $20.8m | $22.5m | $29.6m | $26.3m | $12.6m |
| Debt | $9.4m | $11.6m | $13.6m | $15.3m | $16.0m | $13.9m | $13.6m | $14.2m | $14.2m | $13.3m |
| Shareholders' equity | $16.0m | $12.9m | $13.2m | $32.2m | $56.5m | $19.7m | $5.1m | $916 | −$3.3m | −$956,068 |
| Shares outstanding | 8m | 2m | 48m | 43m | 43m | 1m | 1m | 30m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$17.1m | −$18.8m | −$22.8m | −$18.2m | −$18.8m | −$15.3m | −$16.3m | −$13.4m | −$13.8m | −$23.1m |
| Capital spending | −$38,109 | −$94,875 | −$372,262 | −$637,892 | −$9.0m | −$2.7m | −$335,839 | −$58,140 | −$17,002 | −$34,224 |
| Free cash flow | −$17.2m | −$18.9m | −$23.2m | −$18.9m | −$27.8m | −$18.0m | −$16.7m | −$13.4m | −$13.8m | −$23.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $6.0m | — |
| Operating income | −$5.6m | −$5.3m | −$5.4m | −$6.0m | −$5.5m | −$6.4m | −$6.9m | −$6.1m |
| Net income | −$5.7m | −$5.5m | −$5.5m | −$6.1m | −$5.7m | −$6.6m | −$7.1m | −$6.1m |
| Diluted earnings per share | -0.47 | -0.45 | -0.68 | -0.76 | -0.71 | -0.82 | -3.25 | -2.81 |
| Cash from operations | −$4.0m | −$4.0m | −$4.0m | −$4.0m | −$3.0m | −$4.0m | −$4.0m | −$18.0m |
| Total assets | $21.4m | $17.7m | $22.9m | $28.2m | $20.3m | $21.8m | $25.7m | $27.0m |
| Cash and short-term investments | $6.5m | $1.9m | $6.3m | $11.0m | $1.8m | $1.9m | $4.6m | $4.7m |
| Debt | $2.7m | $2.6m | $7.6m | $8.1m | $8.7m | $9.2m | $9.7m | $8.0m |
| Shareholders' equity | $11.0m | $6.9m | $11.1m | $16.0m | $7.0m | $8.0m | $11.3m | $12.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -11.4% | -3.3% | -3.2% |
| Net income | -11.5% | -3.4% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -0.5 | -66.7 | -45.5 | -137.7 | -8.1 | -7.1 | -44.1 | -0.8 | -0.5 |
| Price to sales | — | — | — | — | — | 441.3 | 378.5 | — | 173.8 | 20.4 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -46% | -77% | 30% | -74% | -41% | 48% | 234% | 47% | -17% | -40% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 30-to-1 reverse split · 20 May 2025
- 25-to-1 reverse split · 15 Jun 2017
- 10-to-1 reverse split · 25 Sept 2013
- 10-to-1 reverse split · 1 May 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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