M 
2.58
-0.77%
Close of 9 Nov 2026, in CHF
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CHF, from our data supplier.
Revenue
—
FY2016FY2025
Net income
−CHF 61.7m
FY2016FY2025
Free cash flow
−CHF 50.2m
FY2016FY2025
Shareholders' equity
CHF 80.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | CHF 5.0m | CHF 7.0m | CHF 189.6m | CHF 9.3m | CHF 9.3m | CHF 20.4m | CHF 10.4m | CHF 20.0m | CHF 23.0m |
| Research and development | CHF 39.8m | CHF 48.6m | CHF 48.8m | CHF 50.7m | CHF 55.7m | CHF 56.1m | CHF 43.5m | CHF 38.2m | CHF 37.5m | CHF 35.2m |
| Operating income | −CHF 55.4m | −CHF 61.2m | −CHF 61.1m | CHF 116.6m | −CHF 63.3m | −CHF 58.3m | −CHF 36.7m | −CHF 37.4m | −CHF 25.8m | −CHF 19.5m |
| Net income | −CHF 61.7m | −CHF 54.0m | −CHF 62.0m | CHF 117.9m | −CHF 63.8m | −CHF 62.8m | −CHF 36.3m | −CHF 37.0m | −CHF 25.4m | −CHF 18.6m |
| Diluted earnings per share | -1.65 | -1.47 | -1.89 | 3.27 | -2.70 | -2.51 | -1.69 | -1.74 | -1.21 | -0.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 102.1m | CHF 158.5m | CHF 198.4m | CHF 262.3m | CHF 172.7m | CHF 187.5m | CHF 104.9m | CHF 155.2m | CHF 144.4m | CHF 184.1m |
| Cash and short-term investments | CHF 93.1m | CHF 149.4m | CHF 186.9m | CHF 249.1m | CHF 132.8m | CHF 173.7m | CHF 95.1m | CHF 99.0m | CHF 141.1m | CHF 180.2m |
| Total liabilities | CHF 21.8m | CHF 16.9m | CHF 21.9m | CHF 27.1m | CHF 65.4m | CHF 80.3m | CHF 50.8m | CHF 63.5m | CHF 27.7m | CHF 48.3m |
| Debt | CHF 3.6m | CHF 2.4m | CHF 3.7m | CHF 4.8m | CHF 6.0m | CHF 7.2m | CHF 2.5m | — | — | — |
| Shareholders' equity | CHF 80.3m | CHF 141.6m | CHF 176.4m | CHF 235.2m | CHF 107.3m | CHF 107.2m | CHF 54.1m | CHF 91.7m | CHF 116.7m | CHF 135.8m |
| Shares outstanding | 37m | 37m | 33m | 36m | 24m | 25m | 22m | 21m | 21m | 21m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CHF 49.5m | −CHF 59.2m | −CHF 59.0m | CHF 118.6m | −CHF 91.0m | −CHF 29.0m | −CHF 1.2m | −CHF 42.5m | −CHF 40.0m | −CHF 35.4m |
| Capital spending | −CHF 714,000 | −CHF 723,000 | −CHF 575,000 | −CHF 1.4m | −CHF 1.3m | −CHF 1.7m | −CHF 1.9m | −CHF 867,000 | −CHF 500,000 | −CHF 1.1m |
| Free cash flow | −CHF 50.2m | −CHF 60.0m | −CHF 59.6m | CHF 117.1m | −CHF 92.3m | −CHF 30.7m | −CHF 3.1m | −CHF 43.3m | −CHF 40.5m | −CHF 36.5m |
| Dividends paid | — | — | — | −CHF 250,000 | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | CHF 681,000 |
| Operating income | −CHF 13.6m | −CHF 13.4m | −CHF 12.7m | −CHF 11.9m | −CHF 17.3m | −CHF 16.1m | −CHF 14.8m | −CHF 14.6m |
| Net income | −CHF 13.6m | −CHF 13.1m | −CHF 12.7m | −CHF 11.8m | −CHF 20.4m | −CHF 16.8m | −CHF 11.2m | −CHF 16.4m |
| Diluted earnings per share | -0.35 | -0.34 | -0.34 | -0.32 | -0.55 | -0.45 | -0.30 | -0.44 |
| Cash from operations | −CHF 10.0m | −CHF 14.0m | −CHF 10.0m | −CHF 9.0m | −CHF 13.0m | −CHF 17.0m | −CHF 13.0m | −CHF 13.0m |
| Total assets | CHF 75.7m | CHF 87.7m | CHF 102.1m | CHF 112.2m | CHF 124.3m | CHF 141.1m | CHF 158.5m | CHF 154.2m |
| Cash and short-term investments | CHF 67.9m | CHF 78.8m | CHF 93.1m | CHF 104.5m | CHF 114.5m | CHF 130.9m | CHF 149.4m | CHF 143.6m |
| Debt | CHF 1.2m | CHF 1.2m | CHF 3.6m | CHF 1.5m | CHF 1.8m | CHF 1.2m | CHF 2.4m | CHF 2.7m |
| Shareholders' equity | CHF 58.5m | CHF 68.5m | CHF 80.3m | CHF 95.5m | CHF 106.7m | CHF 128.2m | CHF 141.6m | CHF 138.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | — | -1.0% | 38.0% |
| Net income | — | -0.4% | 82.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.0 | -2.8 | -1.8 | 1.9 | -4.2 | -5.3 | -6.6 | -6.9 | -13.8 | -17.7 |
| Price to sales | — | 30.1 | 16.1 | 1.2 | 28.7 | 35.3 | 11.8 | 24.8 | 17.5 | 14.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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