M 
0.39
-0.81%
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.
Net income
−$1.9m
FY2016FY2025
Free cash flow
−$5.3m
FY2016FY2025
Shareholders' equity
$9.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$41,000 | −$823,000 | −$2.2m | −$3.0m | −$2.3m | −$1.8m | −$1.4m | −$630,000 | −$2,000 | — |
| Research and development | $1.5m | $8.4m | $39.2m | $63.9m | $53.5m | $45.6m | $36.3m | $24.5m | $20.4m | $8.5m |
| Operating income | −$2.4m | −$16.2m | −$50.3m | −$74.9m | −$66.7m | −$56.8m | −$45.9m | −$31.2m | −$31.8m | $11.4m |
| Net income | −$1.9m | −$15.8m | −$51.6m | −$77.5m | −$66.4m | −$60.0m | −$48.2m | −$30.7m | −$31.3m | −$12.7m |
| Diluted earnings per share | -0.26 | -1.81 | -5.60 | -10.83 | -11.33 | -17.12 | -20.03 | -17.00 | -18.25 | -7.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $17.6m | $9.3m | $17.7m | $92.4m | $125.2m | $109.9m | $73.4m | $42.8m | $63.5m | $27.5m |
| Cash and short-term investments | $17.3m | $6.8m | $6.2m | $75.7m | $109.6m | $97.8m | $61.4m | $34.1m | $61.0m | $27.5m |
| Total liabilities | $8.1m | $13.2m | $17.6m | $46.1m | $12.8m | $11.5m | $21.8m | $6.4m | $3.7m | $3.2m |
| Debt | — | $878,000 | $2.5m | $31.4m | $2.0m | $2.2m | $15.5m | — | — | $320,000 |
| Shareholders' equity | $9.5m | −$3.9m | $123,000 | $46.3m | $112.4m | $98.4m | $51.7m | $36.4m | $59.8m | $24.3m |
| Shares outstanding | 7m | 9m | 9m | 7m | 6m | 4m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$5.3m | −$11.4m | −$49.5m | −$65.1m | −$53.7m | −$37.3m | −$33.6m | −$19.2m | −$12.9m | −$4.1m |
| Capital spending | — | — | −$114,000 | −$3.1m | −$5.4m | −$4.4m | −$3.7m | −$7.9m | −$2.8m | −$424,000 |
| Free cash flow | −$5.3m | −$11.4m | −$49.6m | −$68.1m | −$59.0m | −$41.7m | −$37.3m | −$27.2m | −$15.7m | −$4.6m |
| Dividends paid | −$273,000 | −$611,000 | −$477,000 | — | — | — | — | — | −$320,000 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $2.0m | — |
| Gross profit | — | — | — | — | — | −$41,000 | $996,000 | −$100,000 |
| Operating income | −$1.2m | −$1.1m | −$670,000 | −$624,000 | −$885,000 | −$253,000 | −$1.0m | −$1.5m |
| Net income | −$1.1m | −$955,000 | −$538,000 | −$468,000 | −$762,000 | −$153,000 | −$952,000 | −$1.4m |
| Diluted earnings per share | -0.16 | -0.14 | -0.07 | -0.06 | -0.10 | -0.02 | -0.11 | -0.16 |
| Cash from operations | — | −$1.0m | −$1.0m | — | −$1.0m | −$1.0m | −$1.0m | −$1.0m |
| Total assets | $15.6m | $16.6m | $17.6m | $19.4m | $13.0m | $14.9m | $9.3m | $7.2m |
| Cash and short-term investments | $15.2m | $16.3m | $17.3m | $19.0m | $12.7m | $14.2m | $6.8m | $3.5m |
| Debt | — | — | — | — | — | — | $456,000 | $442,000 |
| Shareholders' equity | $7.5m | $8.6m | $9.5m | $9.8m | $2.9m | $3.6m | −$3.9m | −$8.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -68.1% | -46.8% | -5.5% |
| Net income | -70.8% | -49.8% | -8.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.7 | -1.9 | -4.7 | -10.6 | -42.8 | -64.5 | -59.4 | -50.5 | -191.7 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | -68% | -87% | -72% | -83% | -43% | -5% | 34% | -77% | 12% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 50-to-1 reverse split · 16 Jan 2025
- 15-to-1 reverse split · 4 Apr 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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