K 
20.14
+3.07%
Close of 9 Nov 2026, in CHF
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At a glance
Figures in USD, from our data supplier.
Revenue
$121.3m
FY2016FY2025
Net income
$2.1m
FY2016FY2025
Free cash flow
−$2.4m
FY2016FY2025
Shareholders' equity
$54.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $121.3m | $75.6m | $33.6m | $18.0m | $13.8m | $4.0m | $2.6m | $715,000 | $534,000 | $1.1m |
| Research and development | $8.9m | $7.0m | $2.0m | $5.2m | $5.0m | $4.0m | $6.5m | $6.9m | $4.5m | $7.9m |
| Operating income | $7.3m | −$5.0m | −$13.2m | −$11.7m | −$8.2m | −$11.2m | −$11.4m | −$13.7m | −$16.2m | −$21.3m |
| Net income | $2.1m | −$3.7m | −$13.7m | −$14.6m | −$7.5m | −$11.5m | −$11.3m | −$11.7m | −$16.5m | −$19.7m |
| Diluted earnings per share | 0.05 | -0.10 | -0.38 | -0.43 | -0.23 | -0.43 | -0.63 | -1.28 | -2.09 | -3.90 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $87.1m | $84.5m | $71.5m | $82.9m | $91.3m | $94.4m | $87.9m | $85.8m | $86.1m | $43.8m |
| Cash and short-term investments | $12.7m | $17.5m | $14.2m | $24.1m | $28.6m | $28.4m | $20.8m | $18.3m | $16.7m | $12.4m |
| Total liabilities | $32.7m | $25.8m | $14.8m | $14.1m | $14.4m | $9.8m | $10.0m | $9.3m | $12.9m | $5.4m |
| Debt | $4.5m | $6.2m | $6.9m | $2.4m | $2.1m | $2.3m | $2.4m | — | — | — |
| Shareholders' equity | $54.4m | $58.7m | $56.7m | $68.9m | $77.0m | $84.6m | $77.9m | $76.5m | $73.1m | $38.3m |
| Shares outstanding | 40m | 37m | 37m | 34m | 33m | 27m | 18m | 9m | 8m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$377,871 | $3.1m | −$8.8m | −$7.3m | −$5.5m | −$9.2m | −$10.8m | −$12.8m | −$10.7m | −$8.9m |
| Capital spending | −$2.0m | −$1.1m | −$326,000 | −$400,000 | −$374,000 | −$220,000 | −$118,000 | −$662,000 | −$1.6m | −$50,000 |
| Free cash flow | −$2.4m | $2.0m | −$9.2m | −$7.7m | −$5.8m | −$9.5m | −$11.0m | −$13.5m | −$12.3m | −$8.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $72.7m | $66.0m | $63.5m | $43.7m | $31.8m | $20.7m | $10.3m | $12.9m |
| Operating income | $4.1m | $4.3m | $3.5m | $662,000 | −$673,000 | −$4.2m | −$2.1m | −$4.7m |
| Net income | $3.5m | $3.7m | −$2.0m | −$4.1m | −$211,000 | −$8.7m | −$4.3m | −$5.1m |
| Diluted earnings per share | 0.09 | 0.09 | -0.05 | -0.11 | -0.01 | -0.24 | -0.12 | -0.14 |
| Cash from operations | −$2.0m | $1.0m | −$2.0m | $3.0m | — | −$2.0m | −$1.0m | −$6.0m |
| Capital spending | −$5.0m | −$1.0m | −$1.0m | — | — | — | — | — |
| Free cash flow | −$7.0m | $0 | −$3.0m | — | — | — | — | — |
| Total assets | $97.6m | $107.2m | $110.0m | $84.5m | $77.3m | $75.9m | $58.1m | $78.3m |
| Cash and short-term investments | $6.4m | $15.7m | $17.9m | $17.5m | $14.3m | $14.2m | $11.5m | $16.9m |
| Debt | $1.3m | $5.5m | $6.0m | $6.5m | $7.3m | $10.6m | — | $578,000 |
| Shareholders' equity | $58.5m | $66.9m | $76.7m | $58.7m | $60.2m | $56.7m | $46.1m | $64.0m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.0% | -4.2% | -28.6% | -64.9% | -59.1% | -278.4% |
| Net margin | 1.7% | -4.9% | -40.9% | -81.1% | -54.6% | -285.2% |
| Return on equity | 3.2% | -6.3% | -24.2% | -21.2% | -9.8% | -13.6% |
| Return on assets | 2.0% | -4.4% | -19.2% | -17.6% | -8.3% | -12.2% |
| Free cash flow yield | 0.2% | 0.6% | -1.1% | -1.0% | -0.8% | -1.7% |
| Revenue growth | 60.5% | 125.1% | 86.6% | 30.2% | 242.0% | 57.7% |
| Earnings growth | -157.0% | -72.9% | -5.9% | 93.5% | -34.5% | 2.4% |
| Current ratio | 1.96x | 2.14x | 2.06x | 2.49x | 2.91x | 8.76x |
| Debt to equity | 0.07x | 0.08x | 0.08x | 0.10x | 0.09x | 0.00x |
| Equity ratio | 62.4% | 69.5% | 79.4% | 83.0% | 84.3% | 89.7% |
| Interest coverage | 24.04x | -21.46x | -51.56x | -2.70x | -5.91x | -13.26x |
| R&D as a share of sales | 7.3% | 9.2% | 6.0% | 28.9% | 36.1% | 99.2% |
| Buybacks as a share of market value | -7.6% | -1.6% | -6.7% | -4.6% | -23.3% | -47.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 88.9% | 97.5% | 34.3% |
| Operating income | — | — | 27.3% |
| Net income | — | — | -10.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.2% | -9.1% | -15.8% | -37.5% |
| Net margin | -0.8% | -12.0% | -18.4% | -36.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | -271.4 | -11.8 | -4.4 | -10.6 | -5.9 | -4.6 | -1.9 | -5.8 | -5.4 |
| Price to sales | 11.5 | 13.3 | 4.8 | 3.6 | 5.8 | 16.9 | 20.1 | 31.7 | 180.6 | 100.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 23 Jun 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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