C 
1.92
-1.54%
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
$1.6m
FY2016FY2025
Net income
−$43.1m
FY2016FY2025
Free cash flow
−$34.6m
FY2016FY2025
Shareholders' equity
$107.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6m | $3.0m | $1.3m | $178,150 | $862,165 | $201,700 | $179,632 | $150,289 | $104,329 | $5.1m |
| Research and development | $12.3m | $19.1m | $6.1m | $7.0m | $414,751 | — | — | — | $1.1m | $79,461 |
| Operating income | −$42.1m | −$50.4m | $12.2m | −$45.1m | −$6.4m | $15.4m | −$5.3m | −$8.1m | −$8.9m | −$12.2m |
| Net income | −$43.1m | −$53.3m | $9.2m | −$45.9m | −$24.6m | $14.9m | −$3.8m | −$9.5m | −$10.6m | −$13.0m |
| Diluted earnings per share | -0.83 | -3.21 | 0.79 | -5.17 | -4.50 | 4.65 | -1.40 | -5.99 | -10.60 | -17.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $182.6m | $91.3m | $106.5m | $100.1m | $127.0m | $43.1m | $39.6m | $28.6m | $31.0m | $33.8m |
| Cash and short-term investments | $17.0m | $954,271 | $22.7m | $2.5m | $6.8m | $6.7m | $1.0m | $488,657 | $2.1m | $184,359 |
| Total liabilities | $71.7m | $31.5m | $28.2m | $43.7m | $34.0m | $11.3m | $16.1m | $19.2m | $19.1m | $19.4m |
| Debt | $12.5m | $9.0m | $10.7m | $20.8m | $17.5m | $3.6m | $5.4m | $9.2m | $10.3m | $9.5m |
| Shareholders' equity | $107.6m | $59.8m | $78.3m | $53.6m | $89.6m | $31.8m | $23.2m | $9.4m | $11.9m | $14.4m |
| Shares outstanding | 52m | 17m | 12m | 9m | 5m | 3m | 3m | 2m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$24.4m | −$13.9m | −$13.6m | −$12.1m | −$7.5m | −$3.8m | −$2.3m | −$4.0m | −$6.5m | −$2.6m |
| Capital spending | −$10.2m | −$935,000 | −$2.0m | −$3.2m | −$78,467 | −$130,750 | −$2.4m | −$1.7m | −$130,166 | −$746,536 |
| Free cash flow | −$34.6m | −$14.9m | −$15.6m | −$15.3m | −$7.6m | −$3.9m | −$4.7m | −$5.7m | −$6.7m | −$3.3m |
| Dividends paid | — | — | −$2.10trn | — | −$247,156 | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $272,824 | $313,456 | $374,356 | $54,079 | $339,546 | $785,815 | $1.6m | $556,383 |
| Operating income | −$26.9m | −$10.3m | −$13.2m | −$9.8m | −$7.9m | −$8.4m | −$22.2m | −$14.3m |
| Net income | −$25.5m | −$9.4m | −$13.3m | −$12.9m | −$7.8m | −$9.1m | −$22.8m | −$15.0m |
| Diluted earnings per share | -0.34 | -0.12 | -0.26 | -0.25 | -0.15 | -0.18 | -1.37 | -0.90 |
| Cash from operations | −$10.0m | −$5.0m | −$5.0m | −$8.0m | −$4.0m | −$4.0m | −$4.0m | −$3.0m |
| Capital spending | — | −$7.0m | — | — | — | — | — | — |
| Free cash flow | — | −$12.0m | — | — | — | — | — | — |
| Total assets | $193.5m | $218.1m | $182.6m | $176.3m | $148.2m | $111.3m | $91.3m | $103.7m |
| Cash and short-term investments | $31.4m | $53.0m | $17.0m | $31.7m | $18.6m | $3.9m | $954,271 | $20.3m |
| Debt | $11.8m | $12.8m | $12.5m | $11.3m | $22.2m | $26.2m | $9.0m | $11.7m |
| Shareholders' equity | $137.3m | $156.4m | $107.6m | $118.4m | $88.6m | $59.5m | $59.8m | $68.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 105.8% | 50.4% | -21.9% |
| Operating income | -2.3% | — | 13.0% |
| Net income | -2.1% | — | 15.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2024.2% | -2082.5% | -1643.6% | -525.7% |
| Net margin | -2109.4% | -2211.5% | -2015.7% | -611.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.5 | -1.3 | 3.7 | -0.3 | -1.5 | 0.8 | -1.1 | -0.4 | -0.6 | -1.3 |
| Price to sales | 125.5 | 23.5 | 26.4 | 73.0 | 43.5 | 56.7 | 23.0 | 23.4 | 63.9 | 3.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 118% | -32% | 60% | -80% | 115% | 160% | -45% | -52% | -76% | -38% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 25 Feb 2025
- 5-to-1 reverse split · 29 Nov 2019
- 5-to-1 reverse split · 10 Nov 2017
- 200-to-1 reverse split · 7 Jun 2010
- 11-for-10 split · 16 Sept 2003
- 25-to-1 reverse split · 17 Dec 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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