E 
1.50
-0.66%
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
$130,000
FY2017FY2025
Net income
−$22.4m
FY2017FY2025
Free cash flow
−$22.8m
FY2017FY2025
Shareholders' equity
$28.6m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $130,000 | $41.1m | $36.1m | $15.8m | — | — | — | — | — |
| Gross profit | −$116,000 | $41.1m | $36.1m | $15.8m | −$72,000 | −$45,000 | −$23,000 | −$6,102 | −$122 |
| Research and development | $12.8m | $37.4m | $37.0m | $37.5m | $26.4m | $19.4m | $17.6m | $4.9m | $1.3m |
| Operating income | −$23.6m | −$8.3m | −$14.5m | −$61.4m | −$38.0m | −$29.5m | −$26.7m | −$8.6m | −$1.7m |
| Net income | −$22.4m | −$8.1m | −$13.3m | −$62.4m | −$39.0m | −$29.8m | −$25.6m | −$13.3m | −$2.3m |
| Diluted earnings per share | -0.24 | -0.23 | -0.38 | -1.82 | -1.33 | -1.20 | -1.47 | -0.82 | -0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $31.9m | $25.6m | $50.5m | $78.4m | $85.4m | $85.4m | $55.5m | $67.2m | $7.2m |
| Cash and short-term investments | $30.3m | $22.6m | $40.9m | $71.0m | $80.7m | $82.2m | $53.1m | $65.9m | $7.1m |
| Total liabilities | $3.3m | $6.5m | $28.0m | $46.5m | $18.9m | $15.6m | $13.7m | $2.2m | $9.4m |
| Debt | $363,000 | — | — | $8.9m | $10.2m | $9.9m | $9.7m | — | $8.1m |
| Shareholders' equity | $28.6m | $19.1m | $22.6m | $31.9m | $66.5m | $69.9m | $41.8m | $64.9m | −$2.3m |
| Shares outstanding | 92m | 35m | 35m | 34m | 29m | 25m | 17m | 16m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$22.7m | −$19.0m | −$21.8m | −$8.7m | −$32.1m | −$24.6m | −$22.9m | −$7.5m | −$662,201 |
| Capital spending | −$48,000 | −$85,000 | −$50,000 | −$279,000 | −$57,000 | −$202,000 | −$74,000 | −$34,858 | −$2,199 |
| Free cash flow | −$22.8m | −$19.1m | −$21.8m | −$9.0m | −$32.1m | −$24.8m | −$23.0m | −$7.6m | −$664,400 |
| Dividends paid | — | — | −$9.1m | — | — | — | −$9.9m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $4.4m | $12.2m |
| Gross profit | — | −$24,000 | −$23,000 | −$28,000 | −$32,000 | −$33,000 | $4.4m | $12.2m |
| Operating income | −$5.2m | −$5.6m | −$4.0m | −$4.6m | −$6.2m | −$8.9m | −$4.7m | −$679,000 |
| Net income | −$4.7m | −$5.3m | −$3.8m | −$4.2m | −$5.7m | −$8.7m | −$5.8m | −$7,000 |
| Diluted earnings per share | -0.04 | -0.05 | -0.04 | -0.05 | -0.06 | -0.09 | -0.16 | -0.00 |
| Cash from operations | −$4.0m | −$4.0m | −$3.0m | −$8.0m | −$3.0m | −$8.0m | −$3.0m | −$7.0m |
| Total assets | $58.7m | $63.1m | $31.9m | $34.5m | $12.4m | $16.7m | $25.6m | $34.5m |
| Cash and short-term investments | $57.2m | $61.3m | $30.3m | $33.1m | $11.5m | $14.5m | $22.6m | $25.9m |
| Debt | $412,000 | $441,000 | $363,000 | $272,000 | $150,000 | $146,000 | $197,000 | $274,000 |
| Shareholders' equity | $56.0m | $59.5m | $28.6m | $30.9m | $5.1m | $10.6m | $19.1m | $23.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -79.8% | — | — |
| Operating income | -27.2% | -4.4% | — |
| Net income | -28.9% | -5.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 99.4% | 99.7% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.4 | -2.1 | -0.8 | -0.2 | -1.1 | -1.8 | -0.5 | -2.1 |
| Price to sales | — | 0.4 | 0.3 | 0.9 | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 165% | 42% | -35% | -75% | -8% | 92% | -26% | -29% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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