I 
0.71
+2.50%
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
$9.0m
FY2016FY2025
Net income
−$48.8m
FY2016FY2025
Free cash flow
−$36.8m
FY2016FY2025
Shareholders' equity
$55.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0m | $7.0m | $6.2m | $5.2m | $4.5m | $2.5m | $3.7m | $3.6m | $2.8m | $1.9m |
| Gross profit | $2.6m | $1.5m | $1.8m | $1.1m | $754,000 | $83,000 | $756,000 | $995,000 | $585,000 | $102,000 |
| Research and development | $15.0m | $13.6m | $8.0m | $7.8m | $5.2m | $2.2m | $3.0m | $1.5m | $1.3m | $1.3m |
| Operating income | −$49.1m | −$33.5m | −$21.1m | −$18.7m | −$14.7m | −$10.4m | −$9.8m | −$7.6m | −$8.2m | −$7.6m |
| Net income | −$48.8m | −$32.0m | −$19.9m | −$18.5m | −$14.9m | −$10.5m | −$10.0m | −$7.2m | −$8.4m | −$8.5m |
| Diluted earnings per share | -0.66 | -0.65 | -0.82 | -2.30 | -1.91 | -4.16 | -33.85 | -129.52 | -4,219.00 | -84,610.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $69.4m | $46.8m | $47.6m | $24.7m | $39.7m | $17.8m | $9.9m | $12.3m | $6.1m | $9.4m |
| Cash and short-term investments | $54.2m | $34.6m | $39.0m | $17.8m | $34.0m | $12.6m | $5.5m | $9.4m | $3.7m | $7.5m |
| Total liabilities | $14.2m | $10.7m | $8.1m | $7.3m | $6.2m | $5.6m | $4.5m | $3.5m | $3.4m | $5.4m |
| Debt | $3.3m | $2.3m | $1.6m | $1.6m | $1.2m | $1.4m | $1.0m | — | — | $2.7m |
| Shareholders' equity | $55.2m | $36.1m | $39.5m | $17.4m | $33.5m | $12.2m | $5.4m | $8.8m | $2.7m | $4.0m |
| Shares outstanding | 73m | 49m | 24m | 8m | 8m | 3m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$35.1m | −$21.9m | −$16.4m | −$15.5m | −$13.2m | −$9.1m | −$9.8m | −$7.6m | −$8.1m | −$7.5m |
| Capital spending | −$1.7m | −$1.4m | −$381,000 | −$473,000 | −$344,000 | −$88,000 | −$284,000 | −$67,000 | −$258,000 | −$49,000 |
| Free cash flow | −$36.8m | −$23.3m | −$16.8m | −$16.0m | −$13.6m | −$9.2m | −$10.1m | −$7.7m | −$8.4m | −$7.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8m | $3.4m | $3.1m | $2.5m | $1.8m | $1.5m | $1.9m | $1.8m |
| Gross profit | −$774,000 | $687,000 | $1.2m | $864,000 | $313,000 | $292,000 | $469,000 | $414,000 |
| Operating income | −$14.4m | −$14.0m | −$12.1m | −$13.1m | −$13.0m | −$11.5m | −$9.4m | −$8.5m |
| Net income | −$14.3m | $289,000 | −$11.8m | −$12.7m | −$13.2m | −$11.2m | −$9.2m | −$7.9m |
| Diluted earnings per share | -0.19 | 0.00 | -0.16 | -0.17 | -0.18 | -0.15 | -0.19 | -0.16 |
| Cash from operations | −$10.0m | −$12.0m | −$9.0m | −$8.0m | −$8.0m | −$8.0m | −$6.0m | −$5.0m |
| Total assets | $44.6m | $56.5m | $69.4m | $78.5m | $33.3m | $38.7m | $46.8m | $50.5m |
| Cash and short-term investments | $30.4m | $41.6m | $54.2m | $63.4m | $19.4m | $26.1m | $34.6m | $40.4m |
| Debt | — | $1.1m | $1.1m | $1.0m | $917,000 | $683,000 | $542,000 | $546,000 |
| Shareholders' equity | $31.5m | $43.6m | $55.2m | $64.1m | $20.2m | $28.3m | $36.1m | $41.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.2% | 29.3% | 14.5% |
| Operating income | 37.9% | 36.5% | 13.0% |
| Net income | 38.2% | 35.8% | 12.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.0% | 25.9% | 23.0% | 20.7% |
| Operating margin | -516.7% | -447.6% | -429.7% | -401.7% |
| Net margin | -505.3% | -435.6% | -421.2% | -399.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.7 | -4.0 | -3.4 | -0.4 | -1.6 | -1.2 | -0.3 | -0.2 | -0.1 | -0.0 |
| Price to sales | 14.6 | 18.4 | 11.0 | 1.3 | 5.2 | 5.2 | 0.8 | 0.4 | 0.1 | 0.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -31% | 33% | 112% | -69% | -33% | -47% | -57% | -89% | -84% | -82% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 27 Apr 2021
- 50-to-1 reverse split · 1 Apr 2019
- 35-to-1 reverse split · 8 Feb 2018
- 25-to-1 reverse split · 10 Oct 2016
- 10-to-1 reverse split · 1 Oct 2015
- 4-to-1 reverse split · 21 Dec 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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