N 
2.76
-0.72%
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
$15.6m
FY2016FY2025
Net income
−$370,000
FY2016FY2025
Free cash flow
$77,200
FY2016FY2025
Shareholders' equity
$19.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.6m | — | — | $191,000 | — | $31,000 | $648,000 | $4.0m | $18.6m | $8.1m |
| Research and development | $9.0m | $9.4m | $13.1m | $11.6m | $4.3m | $3.9m | $8.7m | $25.2m | $24.2m | $24.8m |
| Operating income | −$1.1m | −$17.9m | −$22.0m | −$16.1m | −$6.5m | −$2.7m | −$5.9m | −$20.8m | −$5.5m | −$17.8m |
| Net income | −$370,000 | −$15.5m | −$21.4m | −$15.8m | −$6.5m | −$4.8m | −$7.4m | −$25.1m | −$6.7m | −$16.6m |
| Diluted earnings per share | -0.23 | -0.10 | -0.17 | -0.14 | -0.10 | -0.08 | -0.15 | -0.05 | -0.01 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $28.6m | $27.6m | $28.6m | $45.1m | $40.7m | $23.8m | $37.7m | $65.1m | $84.1m | $89.8m |
| Cash and short-term investments | $14.2m | $12.6m | $12.1m | $23.2m | $21.7m | $3.2m | $9.8m | $24.9m | $42.9m | $45.5m |
| Total liabilities | $9.6m | $10.2m | $6.6m | $4.9m | $4.4m | $14.6m | $24.0m | $48.1m | $43.6m | $45.6m |
| Debt | $33,000 | $33,000 | $33,000 | $479,000 | $651,000 | $8.4m | $12.8m | $21.4m | $18.5m | $21.2m |
| Shareholders' equity | $19.0m | $17.5m | $22.0m | −$111.0m | −$106.9m | −$93.5m | −$90.2m | $17.0m | $40.5m | $44.2m |
| Shares outstanding | 2m | 150m | 122m | 113m | 65m | 49m | 50m | 554m | 553m | 525m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $77,200 | −$14.7m | −$14.6m | −$15.8m | −$5.6m | −$2.6m | −$15.6m | −$20.5m | −$1.4m | −$15.4m |
| Capital spending | — | — | — | −$1,100 | −$1,100 | −$5,200 | −$98,900 | −$487,500 | −$247,500 | −$196,700 |
| Free cash flow | $77,200 | −$14.7m | −$14.6m | −$15.8m | −$5.6m | −$2.6m | −$15.7m | −$20.9m | −$1.7m | −$15.6m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Dec 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $15.0m | $663,000 | — | — | — | — |
| Operating income | −$5.7m | −$5.8m | $12.0m | −$3.7m | −$3.6m | −$17.9m | −$9.9m | −$22.0m |
| Net income | −$9.9m | −$8.9m | $11.3m | −$1.9m | −$805,000 | −$15.5m | −$10.0m | −$21.4m |
| Diluted earnings per share | -4.41 | -4.67 | 6.55 | -1.23 | — | -0.10 | -0.07 | -0.17 |
| Total assets | $27.3m | $28.6m | $30.7m | $18.2m | $22.9m | $27.6m | $26.5m | $28.6m |
| Cash and short-term investments | $13.6m | $14.2m | $17.0m | $4.3m | $8.1m | $12.6m | $10.1m | $12.1m |
| Debt | $33,000 | $33,000 | $31,000 | $31,000 | $35,000 | $33,000 | $950,000 | $33,000 |
| Shareholders' equity | $12.5m | $19.0m | $26.0m | $13.7m | $17.1m | $17.5m | −$139.5m | $22.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 334.3% | 247.2% | 8.6% |
| Operating income | -58.8% | -16.3% | -27.0% |
| Net income | -71.4% | -40.0% | -31.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -17.0 | -10.4 | -18.1 | -71.1 | -268.9 |
| Price to sales | 0.4 | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | 293% | -65% | -77% | -54% | -13% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 12-to-1 reverse split · 24 Dec 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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