L 
0.19
—
Close of 5 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
$398,000
FY2018FY2025
Net income
−$28.9m
FY2018FY2025
Free cash flow
−$29.0m
FY2018FY2025
Shareholders' equity
−$10.7m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $398,000 | $1.5m | $1.6m | $1.4m | $285,000 | — | — | $1.2m |
| Gross profit | $398,000 | $1.5m | $1.6m | $1.4m | $285,000 | −$12.5m | −$27,000 | $1.2m |
| Research and development | $18.4m | $43.8m | $48.0m | $38.8m | $29.7m | $12.5m | $12.0m | $5.0m |
| Operating income | −$31.0m | −$96.3m | −$67.1m | −$56.3m | −$43.6m | −$22.2m | −$16.5m | −$7.3m |
| Net income | −$28.9m | −$93.4m | −$62.7m | −$55.3m | −$42.4m | −$22.1m | −$16.3m | −$6.0m |
| Diluted earnings per share | -1.86 | -1.43 | -1.02 | -1.74 | -3.26 | -1.71 | -1.99 | -0.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $36.1m | $66.3m | $142.6m | $110.0m | $54.9m | $80.8m | $15.0m | $25.4m |
| Cash and short-term investments | $15.9m | $40.6m | $102.8m | $97.9m | $45.7m | $74.6m | $9.8m | $23.9m |
| Total liabilities | $46.8m | $54.8m | $53.2m | $29.2m | $20.6m | $6.3m | $7.6m | $132.4m |
| Debt | $30.3m | $34.4m | $26.9m | $4.2m | $1.5m | $2.4m | $3.3m | — |
| Shareholders' equity | −$10.7m | $11.6m | $89.4m | $80.8m | $34.3m | $74.5m | $7.3m | −$107.1m |
| Shares outstanding | 16m | 65m | 62m | 32m | 13m | 13m | 8m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$28.9m | −$70.0m | −$63.3m | −$43.4m | −$25.8m | −$21.1m | −$13.8m | −$6.6m |
| Capital spending | −$116,000 | −$2.3m | −$1.0m | −$164,000 | −$3.4m | −$1.8m | −$211,000 | −$37,000 |
| Free cash flow | −$29.0m | −$72.3m | −$64.4m | −$43.5m | −$29.2m | −$22.9m | −$14.0m | −$6.7m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7,000 | $25,000 | $183,000 | $183,000 | $209,000 | $195,000 | $598,000 | $532,000 |
| Gross profit | $307,000 | −$75,000 | −$17,000 | $183,000 | $209,000 | $195,000 | $598,000 | $396,000 |
| Operating income | −$7.5m | −$6.3m | −$8.4m | −$8.8m | −$11.4m | −$12.4m | −$49.0m | −$23.5m |
| Net income | −$7.0m | −$6.0m | −$7.4m | −$8.5m | −$11.0m | −$11.9m | −$48.1m | −$22.5m |
| Diluted earnings per share | -0.45 | -0.39 | -0.48 | -0.55 | -0.17 | -0.18 | -0.74 | -0.34 |
| Cash from operations | −$6.0m | −$7.0m | −$6.0m | −$8.0m | −$11.0m | −$16.0m | −$19.0m | −$22.0m |
| Capital spending | — | — | — | — | — | — | — | −$2.0m |
| Free cash flow | — | — | — | — | — | — | — | −$24.0m |
| Total assets | $36.1m | $43.7m | $52.6m | $56.3m | $66.3m | $78.8m | $94.6m | $141.5m |
| Cash and short-term investments | $15.9m | $22.1m | $29.8m | $31.7m | $40.6m | $51.6m | $67.5m | $87.1m |
| Debt | $4.8m | $4.7m | $4.6m | $4.2m | $4.1m | $4.0m | $4.3m | $4.5m |
| Shareholders' equity | −$10.7m | −$4.3m | $1.6m | $3.9m | $11.6m | $20.6m | $31.0m | $77.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -33.7% | — | — |
| Operating income | -18.0% | 6.9% | — |
| Net income | -19.4% | 5.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | — | — |
| Operating margin | -6592.7% | -5167.9% | — | — |
| Net margin | -6333.0% | -4951.8% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -1.5 | -52.8 | -18.5 | -13.7 | -68.5 |
| Price to sales | 24.6 | 89.8 | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -56% | -97% | 105% | -46% | -55% | -46% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 50-to-1 reverse split · 28 May 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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