M 
0.30
0.00%
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
$9.0m
FY2016FY2025
Net income
−$5.7m
FY2016FY2025
Free cash flow
−$2.9m
FY2016FY2025
Shareholders' equity
$2.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0m | $8.6m | $9.8m | $8.8m | $10.3m | $5.4m | $8.4m | $9.6m | $11.3m | $10.5m |
| Gross profit | $6.3m | $6.4m | $6.8m | $4.9m | $6.3m | $3.6m | $5.7m | $4.4m | $7.0m | $6.3m |
| Research and development | $449,469 | $858,767 | $701,378 | $1.2m | $878,210 | $307,850 | $189,923 | $245,636 | $272,746 | $1.3m |
| Operating income | −$5.7m | −$6.8m | −$7.1m | −$8.8m | −$7.4m | −$7.5m | −$4.0m | −$8.0m | −$5.2m | −$6.5m |
| Net income | −$5.7m | −$4.7m | −$6.9m | −$8.7m | −$6.8m | −$7.3m | −$7.5m | −$7.4m | −$5.2m | −$5.9m |
| Diluted earnings per share | -0.07 | -0.06 | -0.09 | -0.13 | -0.10 | -0.11 | -0.15 | -0.18 | -0.15 | -0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $7.8m | $9.8m | $11.4m | $13.7m | $19.8m | $19.6m | $6.6m | $6.4m | $15.6m | $13.6m |
| Cash and short-term investments | $1.1m | $3.3m | $6.0m | $8.7m | $14.8m | $14.2m | $1.5m | $743,429 | $2.6m | $3.6m |
| Total liabilities | $5.0m | $4.0m | $3.4m | $3.7m | $3.6m | $3.5m | $4.9m | $4.9m | $8.1m | $5.0m |
| Debt | $1.0m | $349,054 | $395,978 | $497,043 | $586,588 | $942,595 | $15,977 | $1.7m | $985,678 | — |
| Shareholders' equity | $2.8m | $5.8m | $8.0m | $10.2m | $16.4m | $16.2m | $1.7m | $1.5m | $7.2m | $8.5m |
| Shares outstanding | 82m | 78m | 76m | 69m | 70m | 66m | 50m | 41m | 35m | 32m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$2.9m | −$2.9m | −$5.3m | −$6.0m | −$4.0m | −$7.0m | −$1.8m | −$1.6m | −$1.2m | −$5.4m |
| Capital spending | −$15,124 | −$10,125 | −$4,881 | −$8,527 | −$15,189 | −$21,438 | −$9,916 | −$7,401 | −$199,175 | −$30,959 |
| Free cash flow | −$2.9m | −$2.9m | −$5.3m | −$6.0m | −$4.0m | −$7.0m | −$1.8m | −$1.6m | −$1.4m | −$5.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8m | $2.2m | $2.1m | $2.4m | $2.3m | $2.2m | $2.0m | $2.5m |
| Gross profit | $1.9m | $1.5m | $1.5m | $1.6m | $1.6m | $1.6m | $1.5m | $1.8m |
| Operating income | −$1.1m | −$828,083 | −$1.1m | −$1.1m | −$1.5m | −$2.0m | −$2.0m | −$1.5m |
| Net income | −$1.1m | −$839,853 | −$1.1m | −$1.2m | −$1.5m | −$2.0m | −$2.0m | −$1.5m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.03 | -0.02 |
| Cash from operations | — | — | — | — | −$1.0m | −$1.0m | −$1.0m | — |
| Total assets | $8.3m | $8.0m | $7.8m | $8.5m | $8.1m | $9.1m | $9.8m | $11.2m |
| Cash and short-term investments | $2.1m | $1.2m | $1.1m | $1.3m | $1.3m | $2.2m | — | $4.8m |
| Debt | $602,035 | $964,846 | $957,702 | $950,641 | $943,663 | $136,766 | — | $116,043 |
| Shareholders' equity | $3.5m | $2.3m | $2.8m | $2.5m | $3.3m | $4.5m | $5.8m | $7.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.6% | 10.5% | -0.6% |
| Operating income | -13.6% | -5.2% | 6.4% |
| Net income | -13.1% | -4.9% | 0.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 72.5% | 67.5% | 66.2% | 63.5% |
| Operating margin | -70.7% | -78.3% | -83.1% | -69.2% |
| Net margin | -59.3% | -71.9% | -77.4% | -70.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.9 | -15.9 | -7.5 | -3.8 | -21.0 | -19.0 | -9.2 | -1.8 | -7.9 | -7.5 |
| Price to sales | 2.5 | 8.7 | 5.3 | 3.8 | 13.9 | 25.7 | 8.3 | 1.4 | 3.6 | 4.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -57% | 31% | 13% | -76% | 4% | 57% | 285% | -66% | -28% | -41% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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