M 
1.61
+12.59%
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.
Net income
−$13.0m
FY2016FY2025
Free cash flow
−$15.7m
FY2016FY2025
Shareholders' equity
$5.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$19,000 | −$24,000 | −$7,000 | −$28,000 | −$72,000 | −$67,000 | — | — | — | — |
| Research and development | $6.8m | $21.5m | $9.2m | $2.8m | $6.5m | $21.9m | $17.5m | $13.9m | $22.7m | $8.7m |
| Operating income | −$13.7m | −$28.8m | −$15.9m | −$19.6m | −$15.3m | −$29.7m | −$20.2m | −$15.5m | −$33.1m | −$14.7m |
| Net income | −$13.0m | −$27.6m | −$12.5m | −$14.0m | −$15.3m | −$29.7m | −$21.3m | −$15.5m | −$33.4m | −$14.6m |
| Diluted earnings per share | -5.62 | -35.14 | -27.00 | -57.10 | -1,625.96 | -4,786.77 | -19,374.55 | -77,645.00 | -167,075.00 | -145,860.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $69.1m | $16.3m | $22.8m | $33.5m | $16.8m | $11.0m | $14.5m | $3.8m | $19.0m | $24.8m |
| Cash and short-term investments | $10.3m | $16.0m | $22.4m | $33.4m | $16.4m | $10.1m | $13.9m | $2.8m | $18.5m | $24.0m |
| Total liabilities | $63.8m | $8.3m | $6.1m | $11.8m | $2.2m | $3.8m | $2.2m | $17.1m | $15.1m | $4.1m |
| Debt | $210,000 | $136,000 | $203,000 | — | $71,000 | $94,000 | $116,000 | $9.6m | $10.0m | — |
| Shareholders' equity | $5.3m | $7.9m | $16.7m | $21.8m | $14.6m | $7.2m | $12.3m | −$13.3m | $3.9m | $20.6m |
| Shares outstanding | 2m | 1m | 0m | 0m | 0m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$15.7m | −$24.7m | −$10.8m | −$11.7m | −$15.1m | −$10.8m | −$7.0m | −$14.5m | −$26.9m | −$11.0m |
| Capital spending | −$2,000 | −$8,000 | −$50,000 | — | −$3,000 | −$4,000 | −$214,000 | −$3,000 | — | — |
| Free cash flow | −$15.7m | −$24.7m | −$10.8m | −$11.7m | −$15.1m | −$10.8m | −$7.3m | −$14.5m | −$26.9m | −$11.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | — | −$5,000 | −$5,000 | — | −$5,000 | −$4,000 | −$9,000 | −$5,000 |
| Operating income | −$5.4m | −$4.0m | −$2.0m | −$3.5m | −$4.3m | −$3.9m | −$5.6m | −$6.3m |
| Net income | −$5.3m | −$3.8m | −$1.9m | −$3.4m | −$4.0m | −$3.7m | −$5.2m | −$5.7m |
| Diluted earnings per share | -0.90 | -0.64 | -0.84 | -1.46 | -1.73 | -1.59 | -6.59 | -7.20 |
| Cash from operations | −$3.0m | −$4.0m | −$4.0m | −$2.0m | −$3.0m | −$4.0m | −$5.0m | −$5.0m |
| Total assets | $13.3m | $14.4m | $69.1m | $14.8m | $18.5m | $12.1m | $16.3m | $22.1m |
| Cash and short-term investments | $12.6m | $13.7m | $10.3m | $14.3m | $17.6m | $11.2m | $16.0m | $21.7m |
| Debt | $74,000 | $71,000 | $68,000 | $79,000 | $83,000 | $81,000 | $78,000 | $75,000 |
| Shareholders' equity | $6.8m | $9.1m | $5.3m | $6.3m | $9.6m | $4.4m | $7.9m | $13.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -11.3% | -14.3% | 5.4% |
| Net income | -2.4% | -15.3% | 3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | -0.2 | -0.4 | -0.3 | -0.1 | -0.2 | -0.0 | -0.0 | -0.0 | -0.0 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -7% | -41% | -54% | -91% | -76% | 44% | -58% | -67% | 87% | -13% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 11-to-1 reverse split · 5 Dec 2025
- 8-to-1 reverse split · 21 Dec 2023
- 30-to-1 reverse split · 13 Sept 2022
- 25-to-1 reverse split · 31 Dec 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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