K 
0.18
+13.73%
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
—
FY2016FY2025
Net income
−$27.0m
FY2016FY2025
Free cash flow
−$32.0m
FY2016FY2025
Shareholders' equity
$7.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $3.9m | $11.2m | $6.4m | $6.1m | — | — | — |
| Gross profit | −$317,000 | −$259,000 | −$303,000 | $1.3m | $7.1m | $3.2m | $3.2m | −$955,000 | −$643,000 | −$297,000 |
| Research and development | $18.8m | $21.8m | $18.6m | $17.7m | $11.5m | $18.4m | $27.0m | $29.3m | $29.0m | $25.0m |
| Operating income | −$39.2m | −$40.4m | −$38.7m | −$81.4m | −$134.2m | −$96.2m | −$88.2m | −$65.1m | −$41.7m | −$32.7m |
| Net income | −$27.0m | −$38.5m | −$42.2m | −$44.8m | −$142.6m | −$104.3m | −$94.3m | −$66.7m | −$42.2m | −$33.2m |
| Diluted earnings per share | -48.44 | -8.20 | -15.56 | -27.82 | -109.61 | -91.64 | -135.17 | -100.40 | -101.57 | -95.94 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $9.5m | $55.5m | $55.9m | $86.8m | $139.4m | $221.6m | $154.3m | $221.0m | $116.1m | $46.3m |
| Cash and short-term investments | $7.6m | $51.2m | $50.9m | $70.5m | $92.1m | $153.5m | $85.4m | $170.9m | $114.6m | $45.5m |
| Total liabilities | $2.5m | $43.2m | $48.4m | $67.8m | $122.6m | $121.6m | $124.6m | $116.0m | $26.5m | $134.1m |
| Debt | — | $32.3m | $36.3m | $43.0m | $80.2m | $100.9m | $101.2m | $99.4m | $18.7m | $9.7m |
| Shareholders' equity | $7.0m | $12.3m | $7.5m | $19.0m | $16.8m | $100.0m | $29.7m | $105.0m | $89.7m | −$87.8m |
| Shares outstanding | 1m | 5m | 3m | 2m | 1m | 1m | 1m | 1m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$32.0m | −$29.4m | −$27.9m | −$78.9m | −$108.2m | −$90.7m | −$92.7m | −$54.1m | −$34.1m | −$27.3m |
| Capital spending | −$15,000 | −$208,000 | −$610,000 | −$313,000 | −$886,000 | −$1.9m | −$1.3m | −$1.6m | −$480,000 | −$153,000 |
| Free cash flow | −$32.0m | −$29.6m | −$28.5m | −$79.2m | −$109.1m | −$92.6m | −$94.1m | −$55.7m | −$34.6m | −$27.5m |
| Dividends paid | — | — | −$365,000 | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $254,000 | — |
| Gross profit | — | −$54,000 | — | −$128,000 | −$67,000 | −$68,000 | −$69,000 | −$63,000 |
| Operating income | −$1.7m | −$1.8m | −$10.2m | −$6.9m | −$10.5m | −$8.3m | −$9.5m | −$9.6m |
| Net income | −$1.6m | −$1.6m | $686,000 | −$7.6m | −$11.2m | −$8.9m | −$8.2m | −$8.9m |
| Diluted earnings per share | -21.31 | -21.85 | 1.23 | -13.58 | -20.03 | -16.06 | -1.74 | -1.91 |
| Cash from operations | −$1.0m | −$2.0m | −$4.0m | −$10.0m | −$7.0m | −$8.0m | −$4.0m | −$4.0m |
| Total assets | $10.6m | $12.3m | $9.5m | $25.0m | $36.1m | $48.3m | $55.5m | $54.1m |
| Cash and short-term investments | $7.2m | $8.8m | — | $21.1m | $31.9m | $42.2m | $51.2m | $49.2m |
| Debt | — | — | — | $28.8m | $28.7m | $31.0m | $30.8m | $35.5m |
| Shareholders' equity | $9.0m | $10.8m | $7.0m | −$8.7m | −$3.2m | $5.7m | $12.3m | $6.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -21.6% | -16.5% | 9.4% |
| Net income | -15.6% | -23.7% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | -42.3 | -22.5 | -68.6 | -27.6 | -185.0 | -68.3 | -121.8 | -455.1 |
| Price to sales | — | — | — | — | 350.1 | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | -90% | -16% | 71% | -94% | -82% | 85% | -12% | -73% | -7% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 50-to-1 reverse split · 11 May 2026
- 50-to-1 reverse split · 21 Oct 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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