M 
0.99
+10.93%
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
$3.5m
FY2016FY2025
Net income
−$12.2m
FY2016FY2025
Free cash flow
−$12.0m
FY2016FY2025
Shareholders' equity
$16.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5m | $6.6m | $3.3m | $3.5m | $1.2m | $466,785 | $213,194 | $205,994 | $183,064 | — |
| Research and development | $11.8m | $13.5m | $10.4m | $12.0m | $27.8m | $18.9m | $12.8m | $124.0m | $5.3m | $3.8m |
| Operating income | −$12.9m | −$11.1m | −$14.6m | −$19.8m | −$39.5m | −$28.9m | −$22.5m | −$148.2m | −$11.5m | −$8.5m |
| Net income | −$12.2m | −$10.7m | −$8.2m | −$29.9m | −$41.9m | −$28.7m | −$21.4m | −$148.0m | −$11.0m | −$2.5m |
| Diluted earnings per share | -0.79 | -1.18 | -0.93 | -3.56 | -5.04 | -5.90 | -4.69 | -32.56 | -10.39 | -2.76 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $19.1m | $22.0m | $17.1m | $34.4m | $68.1m | $45.6m | $46.4m | $62.1m | $5.2m | $7.9m |
| Cash and short-term investments | $16.1m | $19.2m | $15.1m | $11.8m | $42.4m | $21.4m | $43.9m | $61.7m | $5.1m | $7.9m |
| Total liabilities | $2.3m | $3.5m | $3.1m | $14.8m | $24.1m | $18.3m | $2.3m | $2.8m | $1.5m | $1.7m |
| Debt | — | — | — | $7.6m | $11.9m | $12.3m | $484,379 | $49,000 | $5,000 | $5,000 |
| Shareholders' equity | $16.8m | $18.6m | $14.1m | $19.6m | $44.0m | $27.3m | $44.1m | $59.3m | $3.7m | $6.2m |
| Shares outstanding | 15m | 9m | 9m | 8m | 8m | 5m | 5m | 5m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$12.0m | −$10.9m | −$16.4m | −$27.0m | −$27.3m | −$20.0m | −$18.3m | −$14.5m | −$8.4m | −$6.5m |
| Capital spending | −$1 | −$4 | −$1 | −$3 | −$3.1m | −$9.3m | −$374,987 | −$147,668 | −$147,668 | −$147,668 |
| Free cash flow | −$12.0m | −$10.9m | −$16.4m | −$27.0m | −$30.4m | −$29.3m | −$18.7m | −$14.6m | −$8.6m | −$6.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $1.1m | $1.2m | $861,184 | $349,104 | $2.3m | $1.9m |
| Operating income | −$2.6m | −$4.1m | −$1.9m | −$2.1m | −$4.3m | −$4.6m | −$3.9m | −$2.4m |
| Net income | −$1.8m | −$3.2m | −$1.7m | −$2.0m | −$4.0m | −$4.4m | −$3.8m | −$2.3m |
| Diluted earnings per share | -0.09 | -0.16 | -0.11 | -0.13 | -0.26 | -0.29 | -0.42 | -0.25 |
| Cash from operations | −$3.0m | −$1.0m | −$1.0m | −$2.0m | −$1.0m | −$5.0m | −$4.0m | $1.0m |
| Total assets | $14.6m | $17.4m | $19.1m | $21.7m | $14.8m | $17.0m | $22.0m | $10.9m |
| Cash and short-term investments | $11.3m | $14.9m | $16.1m | $17.6m | $10.5m | $13.7m | $19.2m | $9.0m |
| Shareholders' equity | $12.2m | $13.8m | $16.8m | $18.4m | $10.5m | $14.5m | $18.6m | $7.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.3% | 50.0% | — |
| Operating income | -13.3% | -14.9% | 7.7% |
| Net income | -25.9% | -15.8% | -9.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -236.8% | -344.2% | -678.8% | — |
| Net margin | -225.8% | -360.0% | -705.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.9 | -2.6 | -5.9 | -0.8 | -1.9 | -2.5 | -6.2 | -1.7 | -3.8 | -14.0 |
| Price to sales | 6.4 | 4.3 | 14.8 | 6.5 | 63.6 | 151.1 | — | — | 226.3 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -69% | -5% | 47% | -72% | -34% | -47% | -35% | 43% | -30% | -35% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 27 Jan 2023
- 12-to-1 reverse split · 16 Sept 2016
- 100-to-1 reverse split · 25 Feb 2014
- 10-to-1 reverse split · 27 Jul 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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