D 
2.06
-13.45%
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
$22.4m
FY2016FY2025
Net income
−$41.7m
FY2016FY2025
Free cash flow
−$26.1m
FY2016FY2025
Shareholders' equity
$67.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.4m | $27.0m | $20.4m | $27.7m | $20.5m | $7.6m | $7.6m | $7.4m | $5.2m | $2.8m |
| Gross profit | $12.7m | $13.3m | $6.0m | $9.7m | $8.1m | $2.5m | $2.6m | $1.8m | $1.3m | −$561,000 |
| Research and development | $13.8m | $24.2m | $20.2m | $19.6m | $17.2m | $4.4m | $3.7m | $3.7m | $3.3m | $2.2m |
| Operating income | −$38.3m | −$57.7m | −$59.4m | −$60.3m | −$76.7m | −$29.9m | −$17.7m | −$17.8m | −$14.4m | −$11.1m |
| Net income | −$41.7m | −$42.7m | −$59.4m | −$62.2m | −$76.8m | −$29.4m | −$17.7m | −$17.8m | −$15.7m | −$10.9m |
| Diluted earnings per share | -0.84 | -1.06 | -2.19 | -2.42 | -4.89 | -4.02 | -5.74 | -9.69 | -21.07 | -30.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $110.1m | $118.9m | $96.4m | $119.2m | $100.8m | $35.4m | $24.6m | $14.1m | $7.0m | $3.9m |
| Cash and short-term investments | $26.2m | $28.5m | $36.8m | $49.4m | $36.0m | $28.6m | $20.6m | $11.0m | $4.0m | $1.3m |
| Total liabilities | $42.2m | $46.9m | $38.2m | $39.2m | $15.2m | $7.3m | $5.7m | $5.2m | $3.0m | $10.4m |
| Debt | $31.7m | $30.2m | $29.5m | $28.0m | $287,000 | $532,000 | $772,000 | — | — | — |
| Shareholders' equity | $67.9m | $72.0m | $58.1m | $80.0m | $85.5m | $28.2m | $18.9m | $8.9m | $3.9m | −$6.5m |
| Shares outstanding | 50m | 40m | 27m | 26m | 16m | 7m | 3m | 2m | 1m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$25.9m | −$38.6m | −$30.4m | −$47.8m | −$50.4m | −$17.7m | −$15.7m | −$11.5m | −$10.6m | −$8.4m |
| Capital spending | −$142,000 | −$138,000 | −$584,000 | −$573,000 | −$261,000 | −$118,000 | −$98,000 | −$71,000 | −$195,000 | −$808,000 |
| Free cash flow | −$26.1m | −$38.7m | −$31.0m | −$48.4m | −$50.7m | −$17.9m | −$15.8m | −$11.5m | −$10.8m | −$9.2m |
| Dividends paid | — | — | — | −$23.8m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.2m | $5.6m | $5.2m | $5.0m | $5.4m | $6.8m | $7.6m | $7.4m |
| Gross profit | $3.2m | $3.2m | $2.4m | $3.0m | $3.4m | $3.9m | $5.5m | $5.2m |
| Operating income | −$6.6m | −$7.3m | −$8.8m | −$9.5m | $9.2m | $9.4m | $11.7m | $12.0m |
| Net income | −$7.9m | −$8.2m | $86.0m | −$2.1m | −$13.0m | −$9.2m | −$9.6m | −$12.3m |
| Diluted earnings per share | -0.85 | -0.88 | 1.73 | -0.04 | -0.26 | -0.19 | -0.24 | -0.31 |
| Cash from operations | −$5.0m | −$6.0m | −$5.0m | −$7.0m | −$6.0m | −$6.0m | −$6.0m | −$7.0m |
| Total assets | $96.6m | $103.3m | $110.1m | $117.7m | $108.3m | $115.6m | $118.9m | $110.0m |
| Cash and short-term investments | $14.3m | $20.3m | $26.2m | $32.1m | $22.0m | $27.9m | $28.5m | $15.5m |
| Debt | $31.6m | $31.3m | $31.2m | $31.1m | $31.0m | $29.7m | $29.4m | $29.5m |
| Shareholders' equity | $55.1m | $62.4m | $67.9m | $74.9m | $64.0m | $73.7m | $72.0m | $58.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.8% | 24.2% | 39.1% |
| Operating income | -14.1% | 5.0% | 17.4% |
| Net income | -12.5% | 7.2% | 19.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.5% | 42.7% | 41.6% | 37.8% |
| Operating margin | -194.3% | -221.4% | -256.8% | -262.0% |
| Net margin | -171.0% | -211.6% | -248.8% | -255.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.5 | -8.7 | -9.3 | -20.8 | -31.2 | -41.8 | -13.4 | -0.9 | -0.9 | -1.3 |
| Price to sales | 25.3 | 13.8 | 27.0 | 46.8 | 116.7 | 162.6 | 31.6 | 2.3 | 2.7 | 4.9 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 68% | -61% | -58% | -69% | -5% | 124% | 781% | -55% | -50% | -10% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 28 Aug 2025
- 20-to-1 reverse split · 18 Nov 2019
- 18-to-1 reverse split · 4 Mar 2016
- 5-to-1 reverse split · 6 Oct 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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