M 
0.04
0.00%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$1.1m
FY2015FY2024
Net income
−$10.2m
FY2015FY2024
Free cash flow
−$6.1m
FY2015FY2024
Shareholders' equity
−$17.2m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1m | $1.1m | $7.5m | $8.2m | $13.3m | $10.1m | $11.6m | $8.6m | $8.4m | $4.6m |
| Gross profit | $630,634 | $291,795 | $2.2m | $3.9m | $8.5m | $4.1m | $7.6m | $5.8m | $6.3m | $3.6m |
| Research and development | $3.6m | $3.1m | $3.1m | $3.6m | $3.5m | $3.6m | $3.7m | $4.2m | $1.7m | $728,741 |
| Operating income | −$7.1m | −$9.4m | −$9.2m | −$8.0m | −$1.9m | −$8.4m | −$4.7m | −$5.8m | −$5.5m | −$6.2m |
| Net income | −$10.2m | −$12.1m | −$10.1m | −$8.3m | −$2.9m | −$8.8m | −$7.2m | −$5.9m | −$9.5m | −$6.1m |
| Diluted earnings per share | -0.15 | -0.18 | -0.16 | -0.15 | -0.05 | -0.17 | -0.16 | -0.16 | -2.73 | -1.76 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $2.6m | $2.3m | $3.0m | $4.4m | $8.2m | $5.9m | $7.4m | $3.1m | $5.2m | $5.9m |
| Cash and short-term investments | — | — | $426,740 | — | — | — | — | — | — | — |
| Total liabilities | $19.7m | $12.8m | $11.8m | $9.7m | $6.4m | $7.6m | $7.1m | $5.8m | $3.0m | $1.1m |
| Debt | $11.4m | $4.7m | $2.5m | $2.5m | $1.5m | $2.2m | $1.5m | $2.4m | $1.4m | — |
| Shareholders' equity | −$17.2m | −$10.4m | −$8.8m | −$5.3m | $1.7m | −$1.7m | $324,960 | −$2.6m | $2.1m | $4.9m |
| Shares outstanding | 70m | 68m | 61m | 55m | 55m | 51m | 46m | 37m | 3m | 3m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$6.1m | −$8.1m | −$6.7m | −$4.5m | −$1.3m | −$5.7m | −$4.5m | −$2.4m | −$3.1m | −$4.0m |
| Capital spending | −$13,327 | −$16,255 | −$17,182 | −$79,219 | −$13,325 | −$12,277 | −$3.0m | −$17,490 | −$647,239 | −$46,506 |
| Free cash flow | −$6.1m | −$8.1m | −$6.7m | −$4.6m | −$1.3m | −$5.8m | −$7.6m | −$2.4m | −$3.7m | −$4.0m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $853,614 | $939,535 | $513,311 | $243,527 | $226,208 | $374,136 | $299,234 | $1.6m |
| Gross profit | $261,851 | $411,513 | $273,718 | $271,787 | $106,083 | $127,061 | $254,300 | $71,006 |
| Operating income | −$2.4m | −$1.9m | −$2.1m | −$5.6m | −$645,962 | −$1.9m | −$1.7m | −$3.2m |
| Net income | −$3.3m | −$2.7m | −$2.6m | −$3.0m | −$2.5m | −$2.5m | −$2.3m | −$3.5m |
| Diluted earnings per share | -0.04 | -0.04 | -0.04 | -0.04 | -0.03 | -0.04 | -0.03 | -0.05 |
| Cash from operations | −$3.0m | — | −$2.0m | — | −$1.0m | −$2.0m | −$2.0m | −$2.0m |
| Total assets | $3.0m | $1.3m | $1.4m | $2.6m | $2.1m | $2.2m | $2.1m | $2.3m |
| Debt | $16.9m | $13.1m | $13.0m | $11.4m | $8.2m | $7.9m | $7.0m | $4.7m |
| Shareholders' equity | −$24.1m | −$21.3m | −$19.2m | −$17.2m | −$14.7m | −$13.0m | −$11.8m | −$10.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -48.1% | -35.3% | -11.8% |
| Operating income | -3.8% | -3.2% | 0.2% |
| Net income | 7.4% | 3.0% | -0.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 41.7% | 39.1% | 47.6% | 58.5% |
| Operating margin | -745.7% | -188.2% | -106.8% | -93.4% |
| Net margin | -1008.4% | -226.7% | -127.0% | -116.8% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.7 | -0.4 | -1.3 | -1.6 | -5.5 | -0.9 | -1.2 | -1.2 | -0.1 | -0.1 |
| Price to sales | 6.4 | 4.1 | 1.8 | 1.6 | 1.2 | 0.8 | 0.8 | 0.8 | 0.1 | 0.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -47% | 27% | -72% | -7% | -21% | 87% | -15% | -5% | 72% | -10% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 6-to-1 reverse split · 13 Nov 2013
- 2-for-1 split · 5 Oct 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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