I 
2.11
-2.76%
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
$16.8m
FY2015FY2024
Net income
−$17.2m
FY2015FY2024
Free cash flow
−$9.2m
FY2015FY2024
Shareholders' equity
−$32.2m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.8m | $19.2m | $19.0m | $12.7m | $8.9m | $16.4m | $21.3m | $16.6m | $15.1m | $18.9m |
| Research and development | $776,000 | $592,000 | $427,000 | $726,000 | $992,000 | $3.0m | $903,000 | $1.9m | $601,000 | $577,000 |
| Operating income | −$13.0m | −$5.1m | $3.6m | $225,000 | −$8.3m | −$4.1m | −$2.0m | −$684,000 | −$2.3m | $898,000 |
| Net income | −$17.2m | −$14.3m | −$664,000 | −$1.5m | −$13.8m | −$9.4m | −$7.2m | −$5.7m | −$4.7m | $5.5m |
| Diluted earnings per share | -0.85 | -0.71 | -0.04 | -0.08 | -0.88 | -0.12 | -0.11 | -0.09 | -0.07 | 0.09 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $47.7m | $45.4m | $34.1m | $37.0m | $35.1m | $41.5m | $39.1m | $44.6m | $49.4m | $60.6m |
| Cash and short-term investments | $3.8m | $1.2m | $2.4m | $4.4m | $604,000 | $1.8m | $9.3m | $7.5m | $6.8m | $11.4m |
| Total liabilities | $79.9m | $62.2m | $37.1m | $41.2m | $41.1m | $51.8m | $52.9m | $51.3m | $50.3m | $56.9m |
| Debt | $38.3m | $28.4m | $23.8m | $25.4m | $24.9m | $41.0m | $41.1m | $41.3m | $41.3m | $43.9m |
| Shareholders' equity | −$32.2m | −$16.8m | −$3.0m | −$4.2m | −$6.0m | −$10.3m | −$13.8m | −$6.7m | −$965,000 | $3.8m |
| Shares outstanding | 20m | 20m | 18m | 18m | 16m | 81m | 65m | 65m | 65m | 65m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$8.1m | −$427,000 | −$346,000 | $4.3m | $988,000 | $4.4m | $8.1m | $3.7m | $2.7m | $388,000 |
| Capital spending | −$1.0m | −$3.3m | −$1.7m | −$586,000 | −$1.0m | −$3.0m | −$4.4m | −$4.6m | −$1.3m | −$367,000 |
| Free cash flow | −$9.2m | −$3.7m | −$2.0m | $3.7m | −$53,000 | $1.3m | $3.7m | −$836,000 | $1.4m | $21,000 |
Latest quarters
By quarter end
| Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9m | $5.7m | $3.3m | $2.8m | $5.3m | $5.3m | $23.9m | $10.5m |
| Operating income | −$2.6m | −$2.3m | −$9.3m | −$1.2m | −$2.2m | $529,000 | −$6.4m | $1.2m |
| Net income | −$3.9m | −$4.8m | −$8.2m | −$3.9m | −$3.4m | −$1.6m | −$15.7m | −$1.4m |
| Diluted earnings per share | -0.20 | -0.24 | -0.41 | -0.20 | -0.17 | -0.08 | -0.78 | -0.07 |
| Total assets | $47.4m | $51.4m | $47.7m | $44.0m | $49.0m | $47.2m | $45.5m | $45.5m |
| Cash and short-term investments | $213,000 | $1.8m | $3.8m | $677,000 | $4.2m | $3.9m | $1.1m | $1.5m |
| Debt | $1.6m | $29.1m | $26.8m | $27.0m | $26.0m | $26.0m | $24.9m | $25.1m |
| Shareholders' equity | −$41.0m | −$37.1m | −$32.2m | −$26.0m | −$22.0m | −$15.9m | −$18.7m | −$8.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.9% | 0.5% | -8.6% |
| Operating income | — | 26.2% | — |
| Net income | 127.3% | 12.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -50.3% | -21.1% | -28.7% | -14.4% |
| Net margin | -87.4% | -49.6% | -61.1% | -32.6% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.5 | -15.0 | -3.8 | -0.5 |
| Price to sales | 0.1 | 0.4 | 0.5 | 0.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 23 Jan 2024
- 10-to-1 reverse split · 6 Jul 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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