L 
1.08
+5.88%
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
$14.6m
FY2016FY2025
Net income
−$63.5m
FY2016FY2025
Free cash flow
−$19.4m
FY2016FY2025
Shareholders' equity
$44.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.6m | $9.5m | $8.9m | $14.7m | $3.9m | $773,000 | $1.5m | $1.4m | $1.8m | $2.3m |
| Gross profit | $13.7m | $9.2m | $8.3m | $14.0m | $2.5m | $388,000 | $1.1m | $1.1m | $1.6m | $1.9m |
| Research and development | $17.7m | $12.5m | $15.7m | $14.0m | $33.9m | $12.3m | $17.9m | $21.0m | $24.0m | $36.1m |
| Operating income | −$21.8m | −$21.5m | −$24.7m | −$22.5m | −$49.2m | −$26.4m | −$38.9m | −$41.8m | −$38.9m | −$59.0m |
| Net income | −$63.5m | −$18.6m | −$21.5m | −$26.3m | −$43.0m | −$20.6m | −$11.7m | −$46.0m | −$20.0m | $33.6m |
| Diluted earnings per share | -0.28 | -0.09 | -0.12 | -0.15 | -0.26 | -0.14 | -0.08 | -0.36 | -0.16 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $112.6m | $113.2m | $101.0m | $123.7m | $174.5m | $107.9m | $125.5m | $101.7m | $173.2m | $142.6m |
| Cash and short-term investments | $55.8m | $47.8m | $35.5m | $57.9m | $58.4m | $41.6m | $30.7m | $30.7m | $38.2m | $22.7m |
| Total liabilities | $69.2m | $36.2m | $39.0m | $51.7m | $83.6m | $12.8m | $14.2m | $9.4m | $9.0m | $12.1m |
| Debt | $2.4m | $2.5m | $3.0m | $3.9m | $2.8m | $3.8m | $5.2m | $2.3m | $1.5m | $4.0m |
| Shareholders' equity | $44.5m | $78.4m | $63.4m | $73.3m | $92.2m | $96.2m | $113.0m | $93.8m | $162.6m | $117.9m |
| Shares outstanding | 230m | 200m | 173m | 170m | 168m | 150m | 150m | 127m | 127m | 103m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$18.9m | −$23.1m | −$28.6m | $1.1m | −$23.6m | −$19.8m | −$31.9m | −$30.9m | −$30.5m | −$42.3m |
| Capital spending | −$522,000 | −$565,000 | −$674,000 | −$413,000 | −$354,000 | −$64,000 | −$440,000 | −$3.3m | −$1.3m | −$2.5m |
| Free cash flow | −$19.4m | −$23.7m | −$29.2m | $646,000 | −$23.9m | −$19.8m | −$32.4m | −$34.2m | −$31.8m | −$44.9m |
| Dividends paid | — | — | −$37,000 | — | −$7.2m | −$25.1m | −$40,000 | −$34.4m | −$454,000 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1m | $1.7m | $6.6m | $3.7m | $2.8m | $1.5m | $2.9m | $3.8m |
| Gross profit | $882,000 | $1.5m | $6.5m | $3.7m | $2.7m | $1.5m | $2.7m | $3.7m |
| Operating income | −$8.9m | −$7.6m | −$6.5m | −$3.8m | −$19.8m | −$6.5m | −$5.1m | −$3.8m |
| Net income | $1.5m | −$4.8m | $851,000 | −$29.8m | −$30.5m | −$4.1m | −$3.3m | −$3.0m |
| Diluted earnings per share | 0.01 | -0.02 | 0.00 | -0.13 | -0.13 | -0.02 | -0.02 | -0.02 |
| Cash from operations | −$7.0m | −$8.0m | −$4.0m | −$3.0m | −$5.0m | −$4.0m | −$6.0m | −$5.0m |
| Total assets | $106.2m | $109.5m | $112.6m | $89.6m | $90.8m | $111.8m | $113.2m | $96.6m |
| Cash and short-term investments | $50.8m | $53.4m | $55.8m | $40.5m | $42.3m | $47.9m | $47.8m | $32.7m |
| Debt | $951,000 | $865,000 | $853,000 | $1.1m | $1.0m | $1.2m | $1.2m | $1.1m |
| Shareholders' equity | $60.9m | $53.9m | $44.5m | $22.0m | $48.4m | $79.0m | $78.4m | $66.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.3% | 79.9% | 19.1% |
| Operating income | -1.1% | -3.8% | -10.5% |
| Net income | 34.2% | 25.2% | 3.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 95.1% | 94.6% | 91.6% | 89.1% |
| Operating margin | -179.8% | -189.7% | -317.3% | -663.8% |
| Net margin | -341.5% | -272.3% | -369.6% | -460.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.0 | -5.4 | -8.8 | -7.6 | -9.6 | -12.8 | -11.4 | -2.5 | -11.9 | 9.7 |
| Price to sales | 26.4 | 10.5 | 21.0 | 13.5 | 105.4 | 341.5 | 90.2 | 81.6 | 133.2 | 144.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 250% | -49% | -20% | -53% | 44% | 202% | -35% | -55% | -41% | 5% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-for-1 split · 31 Oct 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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