N 
2.98
-0.33%
Close of 9 Nov 2026, in NOK
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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
—
FY2016FY2025
Net income
−$12.2m
FY2016FY2025
Free cash flow
−$29.5m
FY2016FY2025
Shareholders' equity
$91.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $8.7m | $12.9m | $7.2m | $34.0m | $215.0m | $12.4m | $12.0m | $9.8m | $24,037 |
| Gross profit | — | $8.7m | $12.9m | $7.2m | $34.0m | $215.0m | $12.4m | $12.0m | $9.8m | — |
| Research and development | $13.4m | $14.7m | $29.4m | $26.8m | $16.3m | $10.6m | $60.8m | — | — | — |
| Operating income | −$28.6m | −$48.3m | −$58.1m | −$53.2m | −$10.8m | $181.0m | −$122.4m | −$65.8m | −$34.0m | −$1.6m |
| Net income | −$12.2m | −$38.8m | −$35.2m | −$42.7m | −$9.4m | $149.8m | −$120.2m | −$63.8m | −$31.4m | −$1.6m |
| Diluted earnings per share | -0.03 | -0.11 | -0.13 | -0.14 | -0.03 | 0.46 | -0.44 | -0.26 | -0.13 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $100.0m | $153.5m | $208.2m | $221.5m | $265.6m | $230.0m | $293.1m | $153.3m | $214.5m | $24.9m |
| Cash and short-term investments | $60.3m | $115.4m | $162.0m | $205.8m | $227.9m | $208.3m | $279.6m | $143.6m | $206.4m | $2.5m |
| Total liabilities | $8.4m | $17.3m | $36.9m | $64.5m | $71.5m | $51.2m | $50.5m | $13.3m | $10.9m | $1.7m |
| Debt | $1.3m | $3.4m | $5.7m | $5.5m | $7.2m | $284,000 | $790,073 | — | — | — |
| Shareholders' equity | $91.5m | $136.2m | $171.3m | $157.0m | $194.1m | $178.8m | $242.6m | $140.1m | $203.5m | $23.2m |
| Shares outstanding | 366m | 338m | 267m | 305m | 280m | 329m | 273m | 242m | 242m | 152m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$29.5m | −$51.2m | −$96.6m | −$20.7m | $1.2m | $180.3m | −$92.1m | −$62.8m | −$62.8m | −$1.6m |
| Capital spending | −$38,000 | −$71,000 | −$1.9m | −$2.7m | −$871,000 | −$99,000 | −$667,173 | −$79,000 | −$79,000 | −$6,430 |
| Free cash flow | −$29.5m | −$51.3m | −$98.5m | −$23.4m | $284,000 | $180.2m | −$92.7m | −$62.9m | −$62.9m | −$1.6m |
| Dividends paid | −$32.3m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $198,000 | $137,000 | $6.8m | $536,000 |
| Gross profit | — | — | — | −$5.1m | $198,000 | $137,000 | $6.8m | $536,000 |
| Operating income | −$6.7m | −$6.5m | −$8.1m | −$64.4m | −$6.7m | −$7.5m | −$6.0m | −$14.9m |
| Net income | −$7.2m | −$4.1m | −$8.0m | −$37.0m | $859,000 | −$1.4m | −$6.8m | −$9.7m |
| Diluted earnings per share | -0.02 | -0.01 | -0.02 | -0.10 | 0.00 | -0.00 | -0.02 | -0.03 |
| Cash from operations | −$6.0m | −$9.0m | −$29.0m | −$59.0m | −$7.0m | −$10.0m | −$11.0m | −$12.0m |
| Total assets | $86.1m | $93.9m | $100.0m | $1.05bn | $111.6m | $146.6m | $153.5m | $168.4m |
| Cash and short-term investments | — | — | $60.3m | $637.9m | $70.0m | $106.2m | $115.4m | $124.6m |
| Debt | — | — | $1.3m | $15.6m | $15.8m | $3.3m | $3.4m | $4.5m |
| Shareholders' equity | $80.4m | $87.5m | $91.5m | $99.3m | $102.8m | $133.9m | $136.2m | $142.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -18.7% | — | — |
| Net income | -34.1% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -7.8 | -2.9 | -5.2 | -6.5 | -77.5 | 5.3 |
| Price to sales | — | 12.9 | 14.3 | 38.6 | 21.5 | 3.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 27 May 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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