M 
0.92
+1.67%
Close of 9 Nov 2026, in NZD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NZD, from our data supplier.
Revenue
NZD 209.7m
FY2017FY2026
Net income
−NZD 945,836
FY2017FY2026
Free cash flow
NZD 12.9m
FY2017FY2026
Shareholders' equity
NZD 60.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 209.7m | NZD 213.9m | NZD 239.3m | NZD 263.5m | NZD 236.1m | NZD 232.3m | NZD 254.9m | NZD 267.8m | NZD 268.3m | NZD 244.3m |
| Gross profit | NZD 79.9m | NZD 83.3m | NZD 98.6m | NZD 105.1m | NZD 93.6m | NZD 98.8m | NZD 115.2m | NZD 121.3m | NZD 117.2m | NZD 115.2m |
| Operating income | NZD 761,503 | −NZD 19.0m | −NZD 11.4m | NZD 928,000 | −NZD 16.1m | NZD 9.8m | NZD 21.2m | NZD 25.2m | NZD 31.7m | NZD 33.9m |
| Net income | −NZD 945,836 | −NZD 13.5m | −NZD 27.5m | −NZD 10.5m | −NZD 459,000 | NZD 8.1m | −NZD 78.9m | NZD 5.0m | NZD 16.3m | NZD 19.4m |
| Diluted earnings per share | -0.06 | -1.88 | -4.89 | -1.88 | -0.00 | 1.44 | -0.43 | 0.03 | 0.09 | 0.10 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 197.4m | NZD 203.9m | NZD 218.9m | NZD 254.6m | NZD 272.1m | NZD 239.2m | NZD 258.4m | NZD 286.8m | NZD 300.8m | NZD 295.2m |
| Cash and short-term investments | NZD 8.3m | NZD 6.5m | NZD 6.6m | NZD 7.3m | NZD 13.1m | NZD 7.5m | NZD 14.7m | NZD 5.5m | NZD 360,000 | NZD 1.6m |
| Total liabilities | NZD 137.0m | NZD 168.3m | NZD 169.9m | NZD 179.1m | NZD 186.6m | NZD 153.8m | NZD 182.6m | NZD 129.8m | NZD 140.5m | NZD 138.7m |
| Debt | NZD 105.5m | NZD 143.6m | NZD 138.1m | NZD 145.3m | NZD 146.6m | NZD 116.1m | NZD 141.1m | NZD 97.0m | NZD 94.7m | NZD 98.6m |
| Shareholders' equity | NZD 60.4m | NZD 35.6m | NZD 49.0m | NZD 75.5m | NZD 85.5m | NZD 85.4m | NZD 75.8m | NZD 157.0m | NZD 160.3m | NZD 156.5m |
| Shares outstanding | 16m | 7m | 6m | 6m | 159m | 6m | 184m | 185m | 185m | 185m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 15.8m | NZD 2.1m | NZD 18.9m | NZD 5.1m | NZD 13.3m | NZD 28.8m | NZD 31.6m | NZD 23.6m | NZD 33.6m | NZD 17.6m |
| Capital spending | −NZD 2.8m | −NZD 3.0m | −NZD 4.0m | −NZD 6.7m | −NZD 10.4m | −NZD 5.8m | −NZD 8.8m | −NZD 7.1m | −NZD 20.0m | −NZD 7.1m |
| Free cash flow | NZD 12.9m | −NZD 937,000 | NZD 14.9m | −NZD 1.6m | NZD 2.9m | NZD 23.1m | NZD 22.7m | NZD 16.6m | NZD 13.7m | NZD 10.4m |
| Dividends paid | — | — | — | — | — | — | — | −NZD 7.0m | −NZD 14.1m | −NZD 14.1m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 100.9m | NZD 108.0m | NZD 99.9m | NZD 114.1m | NZD 109.1m | NZD 130.2m | NZD 156.4m | NZD 78.2m |
| Gross profit | NZD 38.3m | NZD 41.3m | NZD 38.3m | NZD 44.9m | NZD 43.7m | NZD 54.9m | NZD 63.5m | NZD 31.7m |
| Operating income | −NZD 159,150 | NZD 914,000 | −NZD 1.0m | NZD 193,000 | −NZD 570,000 | NZD 7.1m | NZD 7.2m | NZD 3.4m |
| Net income | −NZD 3.8m | NZD 2.9m | −NZD 8.4m | −NZD 5.0m | −NZD 18.3m | −NZD 9.2m | −NZD 13.9m | −NZD 7.0m |
| Diluted earnings per share | -0.24 | 0.40 | -1.18 | -0.89 | -3.25 | -1.64 | -2.48 | -0.04 |
| Cash from operations | NZD 9.0m | NZD 5.0m | −NZD 1.0m | NZD 3.0m | NZD 5.0m | NZD 16.0m | NZD 4.0m | NZD 2.0m |
| Capital spending | −NZD 1.0m | −NZD 1.0m | −NZD 1.0m | −NZD 1.0m | −NZD 1.0m | −NZD 2.0m | −NZD 2.0m | −NZD 1.0m |
| Free cash flow | NZD 8.0m | NZD 4.0m | −NZD 2.0m | NZD 2.0m | NZD 4.0m | NZD 14.0m | NZD 2.0m | NZD 1.0m |
| Total assets | NZD 197.4m | NZD 199.8m | NZD 203.9m | NZD 217.2m | NZD 218.9m | NZD 235.9m | NZD 254.6m | NZD 317.6m |
| Cash and short-term investments | NZD 8.3m | NZD 5.4m | NZD 6.5m | NZD 9.3m | NZD 6.6m | NZD 6.7m | NZD 7.3m | NZD 9.1m |
| Debt | NZD 44.5m | NZD 8.5m | NZD 74.9m | NZD 70.5m | NZD 67.0m | NZD 7.7m | NZD 74.8m | — |
| Shareholders' equity | NZD 60.4m | NZD 62.0m | NZD 35.6m | NZD 43.5m | NZD 49.0m | NZD 66.5m | NZD 75.5m | NZD 306.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.3% | -2.0% | 1.1% |
| Operating income | -6.4% | -40.0% | -30.8% |
| Net income | -55.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.5% | 39.6% | 40.1% | 43.0% |
| Operating margin | -4.3% | -3.1% | -2.5% | 4.1% |
| Net margin | -3.4% | -5.7% | -3.2% | -2.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.2 | -0.0 | -0.0 | -0.1 | -60.4 | 0.3 | -1.0 | 10.5 | 6.4 | 9.6 |
| Price to sales | 0.1 | — | — | — | 0.1 | 0.0 | 0.3 | 0.2 | 0.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jul 2018.
| FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|
| Paid in the year | 0.007 | 0.057 | 0.057 | 0.056 |
- 40-to-1 reverse split · 4 Mar 2026
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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