L 
5.94
+2.24%
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
$22.0m
FY2016FY2025
Net income
−$19.9m
FY2016FY2025
Free cash flow
−$16.8m
FY2016FY2025
Shareholders' equity
$8.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.0m | $25.7m | $13.9m | $5.5m | $6.0m | $4.4m | $4.9m | $6.5m | $7.8m | $5.9m |
| Research and development | $3.2m | $4.6m | $4.1m | $4.0m | $2.9m | $3.5m | $5.3m | $7.3m | $6.0m | $9.0m |
| Operating income | −$19.5m | −$19.6m | −$23.6m | −$19.1m | −$12.7m | −$12.0m | −$14.0m | −$19.2m | −$22.0m | −$30.4m |
| Net income | −$19.9m | −$28.9m | −$22.1m | −$19.6m | −$12.7m | −$13.0m | −$15.6m | −$21.7m | −$24.7m | −$32.5m |
| Diluted earnings per share | -13.39 | -39.45 | -30.98 | -26.66 | -17.13 | -4.64 | -5.56 | -7.75 | -8.84 | -11.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $22.9m | $30.5m | $63.2m | $74.2m | $94.8m | $28.1m | $24.4m | $15.0m | $22.9m | $31.8m |
| Cash and short-term investments | $2.2m | $6.9m | $28.1m | $67.9m | $88.3m | $20.4m | $16.3m | $9.5m | $14.6m | $23.7m |
| Total liabilities | $14.5m | $11.6m | $16.7m | $6.1m | $5.4m | $6.3m | $13.6m | $13.0m | $19.2m | $23.5m |
| Debt | $4.4m | $880,000 | $1.9m | $897,000 | $1.1m | $1.6m | $8.9m | $8.7m | $15.4m | $18.0m |
| Shareholders' equity | $8.4m | $18.8m | $46.5m | $68.2m | $89.4m | $21.8m | $10.8m | $1.9m | $3.7m | $8.3m |
| Shares outstanding | 1m | 1m | 1m | 1m | 1m | 3m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$16.8m | −$21.7m | −$20.7m | −$17.9m | −$11.5m | −$12.6m | −$14.8m | −$14.8m | −$22.5m | −$27.5m |
| Capital spending | −$16,000 | — | −$81,000 | −$25,000 | −$47,000 | −$73,000 | −$22,000 | −$13,000 | −$21,000 | −$452,000 |
| Free cash flow | −$16.8m | −$21.7m | −$20.7m | −$17.9m | −$11.5m | −$12.7m | −$14.8m | −$14.8m | −$22.5m | −$28.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.6m | $3.9m | $5.1m | $6.2m | $5.7m | $5.0m | $7.5m | $6.1m |
| Operating income | −$4.2m | −$9.9m | −$5.4m | −$3.1m | −$6.6m | −$4.9m | −$9.5m | −$3.2m |
| Net income | −$11.5m | −$10.8m | −$5.3m | −$3.2m | −$6.6m | −$4.8m | −$15.3m | −$3.1m |
| Diluted earnings per share | -4.12 | -3.86 | -3.60 | -2.13 | -4.41 | -3.25 | -20.82 | -4.20 |
| Cash from operations | −$6.0m | −$3.0m | −$3.0m | −$3.0m | −$3.0m | −$5.0m | −$3.0m | −$4.0m |
| Total assets | $35.0m | $33.4m | $22.9m | $23.2m | $26.8m | $28.8m | $30.5m | $45.8m |
| Cash and short-term investments | $9.4m | $11.4m | $2.2m | $2.2m | $5.1m | $5.7m | $6.9m | $10.7m |
| Debt | $5.2m | $7.7m | $3.2m | $149,000 | $296,000 | $571,000 | $858,000 | $936,000 |
| Shareholders' equity | $12.2m | $6.3m | $8.4m | $12.8m | $15.1m | $18.5m | $18.8m | $33.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 58.7% | 38.1% | 19.4% |
| Operating income | 0.7% | 10.2% | -2.5% |
| Net income | 0.6% | 8.9% | -2.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -81.9% | -122.0% | -137.5% | -204.6% |
| Net margin | -102.4% | -135.0% | -150.2% | -222.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.3 | -1.3 | -1.5 | -3.8 | -15.1 | -12.0 | -17.4 | -52.5 | -101.7 |
| Price to sales | 0.5 | 0.4 | 2.1 | 5.4 | 8.1 | 44.6 | 38.4 | 57.5 | 167.5 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -28% | -68% | -10% | -43% | -8% | 7% | -51% | -69% | -63% | -80% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 12-to-1 reverse split · 24 Feb 2026
- 7-to-1 reverse split · 15 Mar 2024
- 25-to-1 reverse split · 1 Apr 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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