E
0.29
+6.09%
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
$3.9m
FY2016FY2025
Net income
−$8.5m
FY2016FY2025
Free cash flow
−$13.6m
FY2016FY2025
Shareholders' equity
−$82,000
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9m | $8.5m | $5.6m | $1.7m | $930,000 | $1.0m | $753,000 | $1.7m | $3.4m | $6.5m |
| Research and development | $8.0m | $16.6m | $20.8m | $20.8m | $23.9m | $20.0m | $17.8m | $16.8m | $18.7m | $18.1m |
| Operating income | −$14.0m | −$22.2m | −$26.5m | −$29.6m | −$31.0m | −$25.9m | −$21.2m | −$20.0m | −$21.9m | −$21.1m |
| Net income | −$8.5m | −$16.5m | −$23.9m | −$29.8m | −$30.4m | −$26.2m | −$19.1m | −$20.8m | −$20.8m | −$19.6m |
| Diluted earnings per share | -0.97 | -2.43 | -4.72 | -7.19 | -0.74 | -0.77 | -0.74 | -0.81 | -0.80 | -0.77 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $20.0m | $39.9m | $51.1m | $56.1m | $76.3m | $71.9m | $71.4m | $58.7m | $77.6m | $96.0m |
| Cash and short-term investments | $13.0m | $15.3m | $31.1m | $35.4m | $53.9m | $48.2m | $46.9m | $54.5m | $71.8m | $88.1m |
| Total liabilities | $8.1m | $25.0m | $22.4m | $21.3m | $12.9m | $15.0m | $11.1m | $8.4m | $8.2m | $8.7m |
| Debt | $2.2m | $12.9m | $11.5m | $11.9m | $2.7m | $2.4m | $3.0m | — | $2.9m | $2.8m |
| Shareholders' equity | −$82,000 | −$1.5m | $12.1m | $27.9m | $54.0m | $46.0m | $50.1m | $50.1m | $69.4m | $87.3m |
| Shares outstanding | 9m | 7m | 5m | 4m | 41m | 34m | 26m | 26m | 26m | 26m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$13.5m | −$19.7m | −$21.6m | −$23.7m | −$24.8m | −$19.5m | −$17.4m | −$15.2m | −$15.9m | −$11.7m |
| Capital spending | −$135,000 | −$626,000 | −$785,000 | −$1.2m | −$724,000 | −$682,000 | −$900,000 | −$374,000 | −$590,000 | −$808,000 |
| Free cash flow | −$13.6m | −$20.3m | −$22.4m | −$24.8m | −$25.6m | −$20.2m | −$18.3m | −$15.5m | −$16.5m | −$12.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $344,348 | $336,080 | $313,999 | $312,000 | $884,000 | $2.4m | $1.6m | $1.8m |
| Operating income | −$2.4m | −$3.2m | −$5.0m | −$2.7m | −$3.1m | −$4.1m | −$4.6m | −$7.4m |
| Net income | −$1.8m | −$5.9m | −$5.3m | $3.9m | −$4.5m | −$2.6m | $427,000 | −$7.6m |
| Diluted earnings per share | -0.14 | -0.48 | -0.61 | 0.44 | -0.51 | -0.30 | 0.06 | -1.12 |
| Cash from operations | −$2.0m | −$2.0m | −$3.0m | −$3.0m | −$2.0m | −$5.0m | −$5.0m | −$4.0m |
| Total assets | $13.4m | $17.9m | $20.0m | $26.1m | $33.9m | $34.3m | $39.9m | $40.1m |
| Cash and short-term investments | $9.3m | $13.2m | $13.0m | $16.0m | $11.7m | $9.8m | $15.3m | $20.0m |
| Debt | $1.3m | $1.3m | $1.4m | $1.4m | $10.7m | $11.0m | $11.0m | $10.7m |
| Shareholders' equity | −$3.3m | −$2.5m | −$82,000 | $1.1m | −$3.5m | −$3.6m | −$1.5m | −$4.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 32.0% | 29.9% | -10.1% |
| Operating income | -22.1% | -11.6% | -2.4% |
| Net income | -34.2% | -20.2% | -6.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -292.8% | -469.0% | -689.1% | -556.0% |
| Net margin | -202.0% | -399.9% | -625.2% | -515.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.1 | -0.8 | -1.8 | -0.9 | -22.4 | -61.2 | -20.5 | -24.6 | -38.2 | -66.5 |
| Price to sales | 2.5 | 1.5 | 7.6 | 16.4 | — | — | — | 291.9 | 235.5 | 199.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -20% | -84% | 17% | -63% | -56% | 192% | -36% | -37% | -35% | -36% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 25 Jul 2024
- 2-to-1 reverse split · 19 Nov 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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