L 
0.30
+2.38%
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
$16.5m
FY2016FY2025
Net income
−$8.5m
FY2016FY2025
Free cash flow
−$6.5m
FY2016FY2025
Shareholders' equity
$10.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.5m | $14.6m | $18.0m | $16.0m | $18.3m | $22.5m | $32.6m | $12.2m | $11.3m | $13.9m |
| Gross profit | $1.3m | $250,905 | $2.8m | $567,144 | $1.6m | $2.1m | $7.2m | $1.1m | $206,751 | $1.4m |
| Research and development | $1.2m | $1.4m | $1.4m | $1.8m | $1.9m | $1.3m | $749,249 | $661,014 | $536,848 | $626,147 |
| Operating income | −$8.3m | −$9.5m | −$7.8m | −$14.0m | −$10.5m | −$8.3m | −$577,122 | −$4.5m | −$4.7m | −$13.2m |
| Net income | −$8.5m | −$10.3m | −$8.6m | −$14.2m | −$11.1m | −$9.8m | $39,616 | −$3.8m | −$4.5m | −$16.4m |
| Diluted earnings per share | -0.89 | -1.33 | -1.50 | -2.58 | -4.18 | -3.62 | 0.02 | -0.21 | -3.20 | -18.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $27.3m | $32.4m | $36.0m | $40.1m | $45.1m | $42.2m | $38.6m | $13.2m | $11.7m | $11.4m |
| Cash and short-term investments | $5.1m | $10.9m | $9.5m | $15.2m | $15.4m | $11.7m | $7.1m | $3.8m | $2.5m | $1.2m |
| Total liabilities | $16.9m | $15.8m | $18.7m | $16.8m | $32.3m | $17.4m | $15.6m | $4.6m | $4.8m | $5.1m |
| Debt | $17.3m | $11.8m | $12.2m | $11.5m | $24.5m | $8.7m | $5.3m | $13,789 | $26,186 | $194,754 |
| Shareholders' equity | $10.4m | $16.7m | $17.3m | $23.3m | $12.8m | $24.8m | $23.0m | $8.5m | $6.9m | $6.3m |
| Shares outstanding | 10m | 8m | 6m | 5m | 3m | 3m | 3m | 18m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$6.1m | −$7.5m | −$4.2m | −$12.0m | −$7.2m | −$2.6m | −$4.5m | −$3.9m | −$3.3m | $415,794 |
| Capital spending | −$395,180 | −$1.4m | −$2.9m | −$1.7m | −$1.1m | −$3.8m | −$2.6m | −$178,872 | −$137,674 | −$373,740 |
| Free cash flow | −$6.5m | −$8.9m | −$7.1m | −$13.7m | −$8.3m | −$6.4m | −$7.1m | −$4.1m | −$3.5m | $42,054 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.4m | $4.1m | $3.1m | $3.8m | $5.0m | $4.6m | $3.4m | $2.5m |
| Gross profit | $365,539 | $393,744 | −$106,989 | $747,878 | $484,578 | $125,056 | −$527,875 | −$209,533 |
| Operating income | −$2.4m | −$2.4m | −$2.7m | −$1.4m | −$2.1m | −$2.2m | −$2.8m | −$2.7m |
| Net income | −$3.0m | −$2.7m | −$2.6m | −$1.4m | −$2.2m | −$2.4m | −$3.0m | −$2.8m |
| Diluted earnings per share | -0.14 | -0.13 | -0.27 | -0.15 | -0.22 | -0.24 | -0.39 | -0.36 |
| Cash from operations | −$3.0m | −$1.0m | −$2.0m | −$1.0m | −$1.0m | −$1.0m | −$2.0m | −$1.0m |
| Total assets | $37.9m | $24.9m | $27.3m | $30.3m | $31.7m | $32.6m | $32.4m | $28.7m |
| Cash and short-term investments | — | $2.7m | $5.1m | $7.4m | $8.7m | $10.4m | $10.9m | $4.5m |
| Debt | $2.4m | $8.0m | $8.0m | $7.8m | $7.6m | $7.4m | $6.3m | $6.2m |
| Shareholders' equity | $25.9m | $7.6m | $10.4m | $12.8m | $13.9m | $15.1m | $16.7m | $11.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.1% | -6.0% | 0.4% |
| Operating income | -15.9% | 0.1% | 9.3% |
| Net income | -15.6% | -2.8% | 14.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.8% | 7.4% | 8.1% | 11.3% |
| Operating margin | -57.2% | -60.8% | -55.1% | -44.1% |
| Net margin | -60.7% | -63.9% | -59.1% | -46.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -1.4 | -2.3 | -1.2 | -3.8 | -6.1 | — | -72.5 | -2.0 | -0.4 |
| Price to sales | 0.8 | 1.0 | 1.1 | 1.1 | 2.3 | 2.7 | 1.3 | 22.6 | 0.8 | 0.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -0% | -44% | 8% | -78% | -40% | 61% | 4% | 172% | -25% | -34% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 8-to-1 reverse split · 26 May 2023
- 4-to-1 reverse split · 9 Apr 2019
- 3-for-1 split · 27 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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