A 
0.90
+3.55%
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
$233,000
FY2018FY2025
Net income
−$34.0m
FY2018FY2025
Free cash flow
−$27.9m
FY2018FY2025
Shareholders' equity
$81.3m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $233,000 | $202,000 | $1.5m | $3.6m | $3.0m | $1.6m | $1.5m | — |
| Research and development | $13.9m | $16.4m | $26.2m | $37.6m | $26.5m | $17.1m | $18.7m | — |
| Operating income | −$31.7m | −$35.8m | −$87.8m | −$98.8m | −$62.5m | −$25.1m | −$28.8m | −$550 |
| Net income | −$34.0m | −$35.5m | −$87.1m | −$98.7m | −$65.0m | −$26.6m | −$548 | −$551 |
| Diluted earnings per share | -0.76 | -4.89 | -13.92 | -18.37 | -12.57 | -27.23 | -0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $90.9m | $27.1m | $54.3m | $133.3m | $186.2m | $25.9m | $21.1m | $25,000 |
| Cash and short-term investments | $86.5m | $22.3m | $36.5m | $94.2m | $164.0m | $15.3m | $5.9m | — |
| Total liabilities | $9.6m | $12.0m | $25.3m | $39.4m | $17.4m | $44.1m | $15.3m | $1,901 |
| Debt | $656,000 | $4.2m | $17.3m | $27.7m | $17.4m | $34.7m | $3.8m | $1,350 |
| Shareholders' equity | $81.3m | $15.1m | $29.0m | $94.0m | $168.8m | −$18.2m | $5.7m | $23,099 |
| Shares outstanding | 44m | 7m | 6m | 5m | 5m | 1m | 46m | 46m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$27.8m | −$26.6m | −$50.7m | −$71.6m | −$55.7m | −$19.7m | −$25.8m | — |
| Capital spending | −$109,000 | −$486,000 | −$2.0m | −$4.2m | −$1.0m | −$4.0m | −$1.2m | — |
| Free cash flow | −$27.9m | −$27.1m | −$52.7m | −$75.8m | −$56.7m | −$23.7m | −$27.0m | — |
| Dividends paid | — | — | −$7.1m | — | −$150,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $202,000 | $101,000 | $97,000 | $50,000 | $22,000 | $64,000 | $46,000 | $104,000 |
| Operating income | −$10.8m | −$9.0m | −$8.4m | −$7.8m | −$8.7m | −$6.1m | −$9.0m | −$7.8m |
| Net income | −$10.0m | −$8.3m | −$7.3m | −$9.3m | −$9.3m | −$8.0m | −$8.5m | −$8.7m |
| Diluted earnings per share | -0.22 | -0.18 | -0.17 | -0.21 | -0.21 | -0.18 | -1.18 | -1.20 |
| Cash from operations | −$7.0m | −$8.0m | −$7.0m | −$6.0m | −$6.0m | −$7.0m | −$4.0m | −$7.0m |
| Total assets | $76.6m | $82.1m | $90.9m | $87.5m | $22.1m | $28.8m | $27.1m | $26.4m |
| Cash and short-term investments | $71.5m | $77.2m | $86.5m | $84.3m | $19.2m | $25.9m | $22.3m | $22.4m |
| Debt | $685,000 | $641,000 | $421,000 | $525,000 | $2.7m | $5.3m | $3.7m | $3.5m |
| Shareholders' equity | $68.3m | $74.2m | $81.3m | $78.2m | $10.2m | $17.0m | $15.1m | $14.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -60.0% | -31.8% | — |
| Operating income | -31.5% | 4.8% | — |
| Net income | -29.9% | 5.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15530.8% | -4582.5% | -3373.0% | — |
| Net margin | -15958.2% | -4602.6% | -3423.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -2.4 | -0.3 | -0.2 | -0.8 | -7.5 |
| Price to sales | 351.1 | 45.6 | 9.8 | 21.3 | 161.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 105% | -48% | -90% | -82% | -44% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 30-to-1 reverse split · 27 Dec 2023
- 1-to-1 reverse split · 18 Aug 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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