I 
1.13
0.00%
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
$50,000
FY2016FY2025
Net income
−$45.9m
FY2016FY2025
Free cash flow
−$23.6m
FY2016FY2025
Shareholders' equity
$23.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50,000 | $14,000 | $155,000 | $374,000 | $181,000 | $10,916 | $77.7m | — | — | — |
| Gross profit | $50,000 | $14,000 | $155,000 | $374,000 | $181,000 | $10,916 | $77.7m | — | — | — |
| Research and development | $20.7m | $33.2m | $20.3m | $17.1m | $20.5m | $5.9m | $3.3m | $1.1m | $435,362 | $101,495 |
| Operating income | −$30.9m | −$42.6m | −$29.7m | −$26.0m | −$29.2m | −$12.2m | −$7.8m | −$12.4m | −$981,000 | −$227,000 |
| Net income | −$45.9m | −$42.1m | −$30.0m | −$28.6m | −$30.3m | −$12.1m | −$7.7m | −$12.4m | −$831,000 | −$277,000 |
| Diluted earnings per share | -1.73 | -1.89 | -1.67 | -1.60 | -1.75 | -0.94 | -0.71 | -1.11 | -0.07 | -0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $32.4m | $39.6m | $57.0m | $81.8m | $99.9m | $40.7m | $24.5m | $17.4m | $18.4m | $451,607 |
| Cash and short-term investments | $24.8m | $20.9m | $35.8m | $52.2m | $74.8m | $22.0m | $7.0m | $186,204 | $1.4m | $141,659 |
| Total liabilities | $8.8m | $7.5m | $18.9m | $21.7m | $19.7m | $1.9m | $860,543 | $823,766 | $309,717 | $600,810 |
| Debt | $1.0m | $384,000 | $10.4m | $15.3m | $15.2m | $160,000 | $168,452 | — | — | $350,000 |
| Shareholders' equity | $23.5m | $32.1m | $38.1m | $60.1m | $80.2m | $38.8m | $23.6m | $16.5m | $18.1m | −$149,203 |
| Shares outstanding | 27m | 22m | 18m | 18m | 17m | 13m | 11m | 11m | 11m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$22.6m | −$33.4m | −$12.0m | −$22.7m | −$28.5m | −$8.9m | −$5.4m | −$2.1m | −$761,834 | −$317,379 |
| Capital spending | −$1.0m | — | — | — | −$15.0m | −$4 | — | — | −$100,000 | — |
| Free cash flow | −$23.6m | −$33.4m | −$12.0m | −$22.7m | −$43.5m | −$8.9m | −$5.4m | −$2.1m | −$861,834 | −$317,379 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $50,000 | — | — |
| Gross profit | — | −$52,000 | −$56,000 | −$28,000 | — | $50,000 | — | — |
| Operating income | −$1.5m | −$5.8m | −$5.5m | −$7.4m | −$24.6m | −$9.9m | −$9.5m | −$12.3m |
| Net income | −$1.3m | −$5.4m | −$5.3m | −$6.5m | −$24.5m | −$9.7m | −$9.2m | −$12.1m |
| Diluted earnings per share | -0.05 | -0.20 | -0.20 | -0.24 | -0.92 | -0.37 | -0.41 | -0.54 |
| Cash from operations | −$3.0m | −$3.0m | −$2.0m | −$5.0m | −$7.0m | −$6.0m | −$11.0m | −$6.0m |
| Total assets | $26.8m | $25.8m | $32.4m | $33.4m | $37.7m | $37.8m | $39.6m | $52.8m |
| Cash and short-term investments | $18.4m | $21.4m | $24.8m | $27.7m | $33.4m | $19.3m | $20.9m | $33.6m |
| Debt | $812,000 | $704,000 | $623,000 | $457,000 | $220,000 | $146,000 | $140,000 | $2.6m |
| Shareholders' equity | $20.4m | $19.6m | $23.5m | $25.4m | $28.9m | $29.7m | $32.1m | $38.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -48.9% | 35.6% | — |
| Operating income | 6.0% | 20.3% | 90.6% |
| Net income | 17.0% | 30.6% | 98.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | 100.0% | — |
| Operating margin | -114850.0% | -21786.8% | -21731.8% | — |
| Net margin | -137523.4% | -24733.6% | -24092.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | -1.1 | -2.9 | -1.7 | -2.5 | -8.0 | -3.5 |
| Price to sales | — | — | — | 131.7 | 423.2 | — | 0.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Return | -8% | -56% | 41% | -30% | -1% | 76% | -24% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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