L 
1.12
+8.74%
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
$170,000
FY2016FY2025
Net income
−$16.6m
FY2016FY2025
Free cash flow
−$16.0m
FY2016FY2025
Shareholders' equity
$14.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $170,000 | $1.0m | — | $121.4m | — | — | — | — | — | $35.3m |
| Research and development | $7.9m | $11.3m | $12.7m | $43.5m | $17.6m | $9.3m | $13.5m | $7.6m | $17.1m | $15.1m |
| Operating income | −$18.2m | −$22.4m | −$25.7m | −$57.6m | −$29.1m | −$19.1m | −$20.1m | −$17.0m | −$27.6m | −$31.3m |
| Net income | −$16.6m | −$20.0m | −$20.8m | −$54.2m | −$27.5m | −$8.2m | −$20.1m | −$16.2m | $23.0m | −$32.7m |
| Diluted earnings per share | -1.91 | -2.40 | -2.56 | -10.92 | -6.89 | -4.25 | -28.79 | -25.03 | 36.44 | -74.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $17.7m | $35.0m | $54.7m | $73.0m | $97.0m | $36.0m | $27.2m | $44.6m | $63.4m | $51.8m |
| Cash and short-term investments | $16.0m | $31.2m | $50.5m | $69.2m | $95.0m | $34.6m | $25.2m | $43.1m | $55.1m | $14.7m |
| Total liabilities | $3.1m | $5.7m | $6.8m | $6.7m | $5.0m | $3.8m | $6.6m | $7.1m | $13.2m | $47.8m |
| Debt | — | $137,000 | $168,000 | $485,000 | $714,000 | $624,000 | $978,000 | — | $159,180 | $6.8m |
| Shareholders' equity | $14.9m | $29.6m | $48.1m | $66.6m | $92.3m | $32.5m | $20.8m | $37.7m | $50.5m | $4.9m |
| Shares outstanding | 9m | 8m | 8m | 5m | 4m | 2m | 1m | 1m | 1m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$15.9m | −$19.4m | −$20.0m | −$21.2m | −$22.2m | −$8.8m | −$18.9m | −$20.0m | −$20.9m | −$23.7m |
| Capital spending | −$28,000 | — | — | −$285,000 | −$60,000 | −$20,000 | −$20,000 | −$134,000 | −$135,281 | −$2.8m |
| Free cash flow | −$16.0m | −$19.4m | −$20.0m | −$21.5m | −$22.3m | −$8.8m | −$18.9m | −$20.1m | −$21.0m | −$26.5m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −$15.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $100,000 | — | $70,000 | — | $1.0m | — |
| Operating income | −$4.0m | −$4.9m | −$3.1m | −$4.4m | −$4.9m | −$5.8m | −$4.9m | −$5.3m |
| Net income | −$2.9m | −$4.5m | −$3.0m | −$4.2m | −$4.7m | −$4.7m | −$4.6m | −$4.9m |
| Diluted earnings per share | -0.32 | -0.49 | -0.34 | -0.49 | -0.54 | -0.54 | -0.55 | -0.59 |
| Cash from operations | −$2.0m | −$3.0m | −$3.0m | −$3.0m | −$3.0m | −$5.0m | −$4.0m | −$2.0m |
| Total assets | $11.0m | $14.1m | $17.7m | $21.8m | $25.2m | $29.0m | $35.0m | $38.2m |
| Cash and short-term investments | $10.4m | $13.1m | $16.0m | $19.0m | $22.0m | $25.8m | $31.2m | $35.9m |
| Debt | — | — | — | — | $47,000 | $92,000 | $137,000 | $181,000 |
| Shareholders' equity | $8.2m | $10.9m | $14.9m | $17.4m | $21.0m | $25.4m | $29.6m | $33.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -88.8% | — | -38.6% |
| Operating income | -31.9% | -1.0% | -9.9% |
| Net income | -32.6% | 15.3% | -14.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3471.6% | — | — | — |
| Net margin | -3125.7% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | -0.8 | -0.7 | -0.1 | -1.2 | -3.2 | -0.8 | -1.4 | 0.9 | -0.4 |
| Price to sales | 60.3 | 15.8 | — | 0.1 | — | — | — | — | — | 0.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -22% | -8% | 8% | -80% | -38% | -35% | -47% | 24% | 4% | -70% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 15 Sept 2022
- 10-to-1 reverse split · 28 Jul 2016
- 10-to-1 reverse split · 16 Jul 2013
- 10-to-1 reverse split · 9 Aug 2007
- 10-to-1 reverse split · 31 Aug 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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