M 
1.10
-0.90%
Close of 9 Nov 2026, in USD
Search any instrument
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
−$13.1m
FY2016FY2025
Free cash flow
−$13.1m
FY2016FY2025
Shareholders' equity
$77.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$47,000 | −$91,000 | −$106,000 | −$102,000 | −$76,000 | −$68,000 | −$84,000 | −$54,000 | −$21,000 | −$10,000 |
| Research and development | $6.3m | $6.6m | $5.7m | $7.7m | $6.2m | $3.4m | $3.0m | $2.9m | $1.3m | $1.1m |
| Operating income | −$14.7m | −$11.6m | −$9.9m | −$13.3m | −$11.4m | −$9.1m | −$7.1m | −$7.3m | −$5.3m | −$9.6m |
| Net income | −$13.1m | −$11.4m | −$10.7m | −$13.2m | −$11.3m | −$9.2m | −$7.2m | −$7.3m | −$7.6m | −$9.7m |
| Diluted earnings per share | -0.20 | -0.67 | -0.89 | -1.71 | -1.59 | -1.29 | -1.01 | -1.78 | -2.75 | -4.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $81.5m | $6.0m | $8.3m | $9.5m | $16.8m | $26.3m | $37.1m | $6.1m | $11.0m | $3.4m |
| Cash and short-term investments | $78.6m | $5.5m | $6.4m | $8.3m | $15.5m | $24.6m | $31.3m | $5.2m | $10.8m | $2.7m |
| Total liabilities | $4.0m | $2.5m | $3.8m | $2.2m | $2.4m | $2.0m | $5.6m | $4.8m | $1.1m | $1.7m |
| Debt | $296,000 | — | — | — | — | — | — | — | — | $80,000 |
| Shareholders' equity | $77.6m | $3.5m | $4.5m | $7.3m | $14.4m | $24.3m | $31.5m | $1.3m | $10.0m | $1.7m |
| Shares outstanding | 67m | 17m | 12m | 8m | 7m | 7m | 7m | 4m | 3m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$13.0m | −$8.8m | −$8.5m | −$11.5m | −$9.4m | −$7.3m | −$6.5m | −$5.3m | −$4.9m | −$786,000 |
| Capital spending | −$60,000 | −$25,000 | −$33,000 | −$84,000 | −$69,000 | −$91,000 | −$216,000 | −$223,000 | −$58,000 | −$25,000 |
| Free cash flow | −$13.1m | −$8.9m | −$8.6m | −$11.6m | −$9.4m | −$7.3m | −$6.7m | −$5.5m | −$4.9m | −$811,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $241,000 | $105,000 | — | — | — | — | $84,000 | — |
| Gross profit | −$643,000 | $2,000 | −$10,000 | −$10,000 | −$12,000 | −$15,000 | −$26,000 | −$23,000 |
| Operating income | −$6.2m | −$4.3m | −$4.1m | −$3.9m | −$3.7m | −$3.0m | −$3.4m | −$3.3m |
| Net income | −$5.6m | −$3.7m | −$3.5m | −$3.6m | −$3.5m | −$2.6m | −$3.4m | −$3.2m |
| Diluted earnings per share | -0.08 | -0.05 | -0.05 | -0.05 | -0.05 | -0.04 | -0.20 | -0.19 |
| Cash from operations | −$4.0m | −$5.0m | −$3.0m | −$3.0m | −$2.0m | −$2.0m | −$1.0m | −$2.0m |
| Total assets | $73.4m | $78.1m | $81.5m | $81.8m | $33.1m | $30.9m | $6.0m | $5.2m |
| Cash and short-term investments | $67.4m | $72.5m | $78.6m | $80.2m | $32.7m | $30.4m | $5.5m | $4.3m |
| Debt | $326,000 | $324,000 | $296,000 | $297,000 | $102,000 | $90,000 | $70,000 | $65,000 |
| Shareholders' equity | $68.9m | $74.1m | $77.6m | $78.2m | $30.4m | $29.0m | $3.5m | $3.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 3.5% | 10.2% | -8.7% |
| Net income | -0.1% | 7.5% | -9.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.2 | -1.7 | -1.9 | -1.8 | -4.7 | -5.3 | -10.0 | -1.0 | -5.6 | -20.6 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 113% | -31% | -61% | -27% | -32% | 28% | 293% | -91% | -82% | -29% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 5 Sept 2018
- 9-to-1 reverse split · 29 Nov 2016
- 12-to-1 reverse split · 9 May 2016
- 10-to-1 reverse split · 6 Jul 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.