M 
1.30
-1.52%
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
$45.4m
FY2016FY2025
Net income
−$5.2m
FY2016FY2025
Free cash flow
−$1.4m
FY2016FY2025
Shareholders' equity
$30.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.4m | $48.1m | $49.9m | $52.2m | $53.5m | $51.2m | $54.5m | $85.3m | $90.3m | $129.5m |
| Research and development | $9.7m | $12.4m | $15.4m | $14.4m | $16.1m | $21.0m | $17.9m | $15.4m | $18.1m | $28.4m |
| Operating income | −$4.4m | −$4.4m | −$9.6m | −$8.1m | −$11.8m | −$44.1m | −$14.0m | −$3.9m | −$6.4m | $40.8m |
| Net income | −$5.2m | −$4.9m | −$9.9m | −$8.2m | −$4.4m | −$38.4m | −$4.0m | −$2.7m | −$6.1m | −$84.1m |
| Diluted earnings per share | -0.11 | -0.11 | -0.21 | -0.17 | -0.09 | -0.79 | -0.08 | -0.06 | -0.13 | -1.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $39.7m | $43.2m | $47.5m | $56.8m | $65.8m | $76.9m | $124.5m | $113.3m | $123.8m | $128.3m |
| Cash and short-term investments | $9.9m | $12.8m | $14.6m | $20.5m | $27.1m | $33.9m | $41.7m | $45.2m | $104.2m | $104.0m |
| Total liabilities | $9.6m | $10.6m | $11.6m | $12.7m | $14.3m | $24.2m | $24.7m | $18.3m | $33.8m | $15.0m |
| Debt | $721,000 | $1.2m | $2.1m | $1.6m | $3.3m | $10.1m | $7.2m | $6.0m | — | — |
| Shareholders' equity | $30.1m | $32.6m | $35.9m | $44.1m | $51.5m | $52.7m | $99.8m | $95.0m | $90.0m | $113.3m |
| Shares outstanding | 49m | 43m | 47m | 47m | 49m | 49m | 51m | 48m | 47m | 47m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$1.4m | −$1.1m | −$4.4m | −$2.3m | −$6.3m | −$3.4m | $5.1m | $5.1m | $1.7m | −$3.7m |
| Capital spending | −$36,000 | −$429,000 | −$1.4m | −$2.9m | −$1.4m | −$1.4m | −$1.7m | −$2.2m | −$1.6m | −$1.0m |
| Free cash flow | −$1.4m | −$1.5m | −$5.8m | −$5.2m | −$7.7m | −$4.7m | $3.4m | $2.8m | $115,000 | −$4.7m |
| Dividends paid | — | — | — | — | — | — | — | −$21.9m | −$21.9m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.0m | $10.6m | $10.8m | $11.5m | $11.7m | $11.4m | $11.9m | $12.6m |
| Operating income | −$346,000 | −$1.5m | −$2.4m | −$941,000 | −$536,000 | −$1.9m | −$1.6m | −$825,000 |
| Net income | −$408,000 | −$1.7m | −$2.3m | −$1.0m | $85,000 | −$2.0m | −$1.9m | −$831,000 |
| Diluted earnings per share | -0.01 | -0.04 | -0.05 | -0.02 | 0.00 | -0.04 | -0.04 | -0.02 |
| Cash from operations | — | — | — | — | — | −$2.0m | — | — |
| Total assets | $37.6m | $38.5m | $39.7m | $41.1m | $42.0m | $40.6m | $43.2m | $44.1m |
| Cash and short-term investments | $8.2m | $9.0m | $9.9m | $10.3m | $10.5m | $10.0m | $12.8m | $12.1m |
| Debt | $385,000 | $373,000 | $355,000 | $342,000 | $330,000 | $457,000 | $495,000 | $499,000 |
| Shareholders' equity | $29.0m | $28.9m | $30.1m | $31.9m | $32.0m | $31.4m | $32.6m | $34.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.5% | -2.4% | -10.8% |
| Operating income | -18.7% | -37.0% | 24.0% |
| Net income | -14.1% | -32.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9.4% | -13.6% | -27.5% | -8.3% |
| Net margin | -10.9% | -14.5% | -23.7% | -17.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.4 | -15.3 | -6.5 | -9.2 | -27.6 | -2.5 | -47.3 | -47.4 | -25.1 | -1.5 |
| Price to sales | 1.8 | 1.6 | 1.3 | 1.4 | 2.3 | 1.9 | 3.5 | 1.5 | 1.7 | 1.0 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -13% | 38% | -14% | -36% | 20% | -47% | 48% | -15% | 13% | -25% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Mar 2018.
| FY2017 | FY2015 | FY2014 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.04 | 0.08 | 0.25 | 0.08 | 0.08 | 0.08 | 0.08 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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