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At a glance
Figures in USD, from our data supplier.
Revenue
$2.6m
FY2016FY2025
Net income
−$18.2m
FY2016FY2025
Free cash flow
−$9.4m
FY2016FY2025
Shareholders' equity
$33.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6m | $2.6m | $2.3m | $752,000 | $1.7m | $623,000 | $530,000 | $318,000 | $239,000 | $229,000 |
| Research and development | $1.8m | $909,000 | $185,000 | $283,000 | $293,000 | $171,000 | $514,000 | $614,000 | $693,000 | $584,000 |
| Operating income | −$11.7m | −$3.6m | −$3.4m | −$5.0m | −$5.7m | −$4.7m | −$5.2m | −$4.3m | −$3.1m | −$2.3m |
| Net income | −$18.2m | −$3.7m | −$3.7m | −$5.4m | −$14.3m | −$4.3m | −$5.8m | −$4.2m | −$5.8m | −$2.8m |
| Diluted earnings per share | -254.34 | -1,425.00 | -2,319.38 | -4,952.73 | -12,983.64 | -4,805.56 | -14,485.00 | -20,770.00 | -29,030.00 | -5.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $41.1m | $3.6m | $6.7m | $5.9m | $8.6m | $8.2m | $2.0m | $1.6m | $4.9m | $494,000 |
| Cash and short-term investments | $4.2m | $752,000 | $3.3m | $2.7m | $7.7m | $7.5m | $1.3m | $896,000 | $4.4m | $106,000 |
| Total liabilities | $7.6m | $3.0m | $2.7m | $2.6m | $2.3m | $5.8m | $688,000 | $1.1m | $1.2m | $3.0m |
| Debt | $1.2m | $116,000 | $5,000 | $81,000 | $49,000 | $31,000 | — | — | — | — |
| Shareholders' equity | $33.5m | $627,000 | $4.0m | $3.2m | $6.3m | $2.4m | $1.3m | $463,000 | $3.6m | −$2.5m |
| Shares outstanding | 0m | 0m | 0m | 0m | 0m | 0m | 0m | 0m | 0m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$9.4m | −$2.5m | −$3.6m | −$7.0m | −$4.4m | −$3.4m | −$3.9m | −$3.5m | −$2.2m | −$1.5m |
| Capital spending | −$60,000 | −$3,000 | −$1,000 | −$3,000 | −$3,000 | −$2,000 | — | −$8,000 | — | −$8,000 |
| Free cash flow | −$9.4m | −$2.5m | −$3.6m | −$7.0m | −$4.4m | −$3.4m | −$3.9m | −$3.6m | −$2.2m | −$1.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $239,000 | $653,000 | $312,000 | $722,000 | $494,000 | $1.0m | $444,000 | $376,000 |
| Operating income | −$5.5m | −$3.8m | −$3.7m | −$2.2m | −$4.0m | −$2.4m | −$1.4m | −$970,000 |
| Net income | −$4.9m | −$3.8m | −$12.9m | $600,000 | −$156,000 | −$2.5m | −$1.4m | −$998,000 |
| Diluted earnings per share | -9.55 | -7.45 | -179.75 | 8.39 | -2.18 | -34.90 | -550.38 | -383.85 |
| Cash from operations | −$2.0m | −$4.0m | −$2.0m | −$1.0m | −$3.0m | −$1.0m | — | — |
| Total assets | $38.4m | $39.9m | $41.1m | $54.4m | $51.5m | $44.1m | $3.6m | $4.7m |
| Cash and short-term investments | $1.1m | $2.3m | $4.2m | $7.0m | $4.1m | $601,000 | $752,000 | $1.3m |
| Debt | $1.2m | $1.2m | $1.2m | $3.2m | $2.1m | $3.9m | $52,000 | $49,000 |
| Shareholders' equity | $30.8m | $32.0m | $33.5m | $42.5m | $40.5m | $35.7m | $627,000 | $1.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 50.3% | 32.6% | 33.0% |
| Operating income | 32.8% | 20.0% | 23.5% |
| Net income | 49.4% | 33.3% | 20.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -299.7% | -291.7% | -326.5% | -423.0% |
| Net margin | -428.3% | -381.2% | -474.5% | -596.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | -0.0 | -0.0 | -0.0 | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -468.3 |
| Price to sales | 0.1 | 0.0 | 0.0 | 0.3 | 0.5 | 0.7 | 1.4 | 1.5 | 2.6 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -87% | -35% | -84% | -71% | 22% | -67% | -22% | -28% | 20% | 23% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 12-to-1 reverse split · 1 Sept 2026
- 10-to-1 reverse split · 12 Aug 2025
- 11-to-1 reverse split · 14 Mar 2025
- 20-to-1 reverse split · 9 Feb 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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