I 
7.80
+4.28%
Close of 9 Nov 2026, in NOK
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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
$254,000
FY2016FY2025
Net income
−$10.0m
FY2016FY2025
Free cash flow
−$8.6m
FY2016FY2025
Shareholders' equity
$1.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $254,000 | $841,000 | $4.1m | $4.1m | $2.8m | $1.1m | $423,000 | $362,000 | $1.8m | $3.9m |
| Research and development | $1.4m | — | — | — | — | — | — | — | — | −$26,600 |
| Operating income | −$10.5m | −$21.9m | −$26.8m | −$31.4m | −$31.4m | −$26.4m | −$32.0m | −$24.6m | −$25.1m | −$20.5m |
| Net income | −$10.0m | −$14.4m | −$26.6m | −$32.7m | −$32.6m | −$26.8m | −$32.4m | −$24.9m | −$25.8m | −$20.5m |
| Diluted earnings per share | -0.26 | -3.48 | -9.51 | -15.81 | -17.60 | -17.33 | -26.93 | -22.75 | -23.71 | -19.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $7.6m | $10.3m | $25.0m | $29.0m | $42.0m | $17.0m | $23.5m | $15.8m | $37.3m | $61.6m |
| Cash and short-term investments | $715,000 | $2.0m | $11.4m | $16.1m | $33.8m | $7.3m | $14.1m | $8.5m | $30.5m | $53.8m |
| Total liabilities | $6.2m | $5.6m | $13.6m | $6.2m | $4.3m | $4.5m | $5.7m | $3.3m | $3.3m | $4.8m |
| Debt | $848,000 | $2.4m | $6.9m | $1.5m | $373,000 | $1.1m | $1.4m | — | — | — |
| Shareholders' equity | $1.5m | $4.7m | $11.3m | $22.8m | $37.7m | $12.5m | $17.8m | $12.4m | $34.0m | $56.8m |
| Shares outstanding | 39m | 4m | 3m | 2m | 2m | 2m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$8.6m | −$17.5m | −$27.0m | −$31.4m | −$27.5m | −$23.3m | −$27.2m | −$21.7m | −$23.7m | −$23.4m |
| Capital spending | −$44,000 | — | −$243,000 | −$267,000 | −$141,000 | −$333,000 | −$850,000 | −$908,000 | −$722,100 | −$137,300 |
| Free cash flow | −$8.6m | −$17.5m | −$27.2m | −$31.6m | −$27.7m | −$23.6m | −$28.0m | −$22.6m | −$24.5m | −$23.5m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $81,000 | $104,000 | $24,000 | $60,000 | $385,000 | $372,000 | $484,000 |
| Operating income | −$2.0m | −$3.0m | −$3.1m | −$5.9m | −$4.1m | −$6.0m | −$6.0m | −$5.3m |
| Net income | −$992,000 | −$2.1m | −$4.1m | −$3.7m | $1.4m | −$6.7m | −$5.4m | −$4.9m |
| Diluted earnings per share | -0.02 | -0.04 | -0.50 | -0.49 | 0.43 | -2.28 | -1.93 | -1.75 |
| Cash from operations | −$2.0m | −$1.0m | −$2.0m | −$3.0m | −$2.0m | −$5.0m | −$6.0m | −$3.0m |
| Total assets | $8.2m | $8.5m | $9.1m | $10.3m | $13.0m | $14.6m | $17.4m | $25.0m |
| Cash and short-term investments | $1.1m | $995,000 | $1.1m | $2.0m | $1.1m | $2.1m | $3.0m | $11.4m |
| Debt | $1.1m | $1.6m | $1.8m | $2.0m | $2.0m | $5.1m | $5.0m | $6.3m |
| Shareholders' equity | $2.6m | $920,000 | $144,000 | $4.7m | $5.7m | $2.5m | $6.2m | $11.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -60.4% | -25.3% | 20.3% |
| Operating income | -30.5% | -16.8% | -8.6% |
| Net income | -32.6% | -17.9% | -9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2962.2% | -972.2% | -1119.3% | -1401.1% |
| Net margin | -2233.0% | -898.1% | -1078.9% | -1381.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -2.7 | -0.2 | -0.3 | -0.3 | -1.0 | -0.9 |
| Price to sales | 105.5 | 3.6 | 2.0 | 2.8 | 11.2 | 22.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 4 Jul 2025
- 5-to-1 reverse split · 9 Jan 2024
- 3-to-1 reverse split · 10 Mar 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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