9
11.51
+9.00%
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
$56.2m
FY2018FY2025
Net income
−$36.6m
FY2018FY2025
Free cash flow
−$24.6m
FY2018FY2025
Shareholders' equity
$143.7m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.2m | $59.6m | $50.2m | $46.9m | $42.2m | $26.9m | $18.0m | $22.1m |
| Gross profit | $26.8m | $29.9m | $25.3m | $26.0m | $23.2m | $14.9m | $8.1m | $12.4m |
| Research and development | $13.8m | $25.5m | $21.9m | $17.5m | $13.1m | $8.2m | $9.0m | $9.5m |
| Operating income | −$24.2m | −$76.7m | −$42.8m | −$35.4m | −$21.7m | −$5.8m | −$12.1m | −$6.4m |
| Net income | −$36.6m | −$72.2m | −$36.4m | −$31.7m | −$22.2m | −$12.8m | −$13.4m | −$7.5m |
| Diluted earnings per share | -0.94 | -2.08 | -1.12 | -1.00 | -0.75 | -0.55 | -1.93 | -0.93 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $190.1m | $159.5m | $203.0m | $242.6m | $260.9m | $178.8m | $37.7m | $27.7m |
| Cash and short-term investments | $113.0m | $69.6m | $145.7m | $188.4m | $224.1m | $159.2m | $17.9m | $7.1m |
| Total liabilities | $46.4m | $44.9m | $37.5m | $52.0m | $46.3m | $39.8m | $100.8m | $77.9m |
| Debt | $16.7m | — | — | $15.0m | $15.0m | $14.8m | $14.8m | $9.7m |
| Shareholders' equity | $143.7m | $114.6m | $165.5m | $190.6m | $214.6m | $139.0m | −$63.2m | −$50.2m |
| Shares outstanding | 39m | 35m | 32m | 32m | 29m | 23m | 7m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$23.7m | −$30.2m | −$25.1m | −$20.9m | −$29.1m | $4.1m | −$11.0m | −$8.9m |
| Capital spending | −$955,000 | −$602,000 | −$2.0m | −$2.0m | −$737,000 | −$9,000 | −$392,000 | −$727,000 |
| Free cash flow | −$24.6m | −$30.8m | −$27.1m | −$23.0m | −$29.8m | $4.1m | −$11.4m | −$9.6m |
| Dividends paid | — | — | — | −$262,000 | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.1m | $13.4m | $17.4m | $14.0m | $13.0m | $11.8m | $18.8m | $14.5m |
| Gross profit | $8.3m | $6.4m | $8.7m | $6.9m | $6.4m | $5.5m | $9.2m | $7.8m |
| Operating income | −$12.8m | −$6.5m | −$3.2m | −$5.5m | −$15.2m | −$11.0m | −$20.3m | −$24.5m |
| Net income | −$11.9m | −$12.0m | $4.3m | −$14.9m | −$13.3m | $43.6m | −$19.4m | −$29.3m |
| Diluted earnings per share | -0.32 | -0.32 | 0.11 | -0.38 | -0.34 | 1.12 | -0.56 | -0.84 |
| Cash from operations | $3.0m | $1.0m | $1.0m | −$4.0m | −$5.0m | −$15.0m | −$2.0m | −$5.0m |
| Total assets | $197.5m | $186.7m | $190.1m | $190.9m | $191.7m | $196.0m | $159.5m | $178.3m |
| Cash and short-term investments | $101.5m | $111.7m | $113.0m | $112.1m | $118.6m | $124.3m | $69.6m | $71.7m |
| Debt | $716,000 | $700,000 | $681,000 | $481,000 | $433,000 | $1.1m | $1.9m | $2.3m |
| Shareholders' equity | $126.8m | $134.2m | $143.7m | $136.3m | $148.8m | $159.4m | $114.6m | $131.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.3% | 16.7% | — |
| Operating income | -11.9% | 33.0% | — |
| Net income | 4.9% | 23.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 49.0% | 50.8% | 51.9% | — |
| Operating margin | -87.1% | -84.1% | -73.2% | — |
| Net margin | -94.0% | -83.1% | -75.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | -1.1 | -10.0 | -7.6 | -34.4 | -104.3 |
| Price to sales | 3.6 | 1.3 | 7.3 | 5.2 | 18.5 | 51.6 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | 189% | -79% | 10% | -68% | -49% | 3% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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