N 
0.25
0.00%
Close of 9 Nov 2026, in NZD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NZD, from our data supplier.
Revenue
NZD 117.7m
FY2016FY2025
Net income
−NZD 6.3m
FY2016FY2025
Free cash flow
−NZD 2.2m
FY2016FY2025
Shareholders' equity
NZD 197.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 117.7m | NZD 211.0m | NZD 187.1m | NZD 216.8m | NZD 215.8m | NZD 124.6m | NZD 219.5m | NZD 232.6m | NZD 210.6m | NZD 136.4m |
| Gross profit | NZD 149,000 | NZD 18.0m | NZD 13.9m | NZD 30.6m | NZD 12.7m | NZD 14.2m | NZD 58.3m | NZD 44.8m | NZD 50.0m | NZD 3.1m |
| Research and development | NZD 389,000 | NZD 611,000 | NZD 323,000 | — | — | — | — | — | — | — |
| Operating income | −NZD 19.1m | −NZD 9.3m | −NZD 5.8m | NZD 3.8m | −NZD 25.7m | −NZD 8.0m | NZD 26.4m | NZD 16.3m | NZD 22.0m | −NZD 22.7m |
| Net income | −NZD 6.3m | NZD 13.4m | NZD 28.5m | NZD 1.9m | −NZD 73.2m | −NZD 7.1m | NZD 18.0m | NZD 11.3m | NZD 16.1m | NZD 22.8m |
| Diluted earnings per share | -0.01 | 0.02 | 0.05 | 0.00 | -0.26 | -0.03 | 0.06 | 0.04 | 0.06 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 241.3m | NZD 252.2m | NZD 238.9m | NZD 201.3m | NZD 197.3m | NZD 288.0m | NZD 270.9m | NZD 222.1m | NZD 216.0m | NZD 204.5m |
| Cash and short-term investments | NZD 48.6m | NZD 52.7m | NZD 26.9m | NZD 19.2m | NZD 2.9m | NZD 3.5m | NZD 7.1m | NZD 6.2m | NZD 14.4m | NZD 10.6m |
| Total liabilities | NZD 43.9m | NZD 55.2m | NZD 48.6m | NZD 33.4m | NZD 86.1m | NZD 95.5m | NZD 86.6m | NZD 53.3m | NZD 49.7m | NZD 45.8m |
| Debt | NZD 11.6m | NZD 15.0m | NZD 12.3m | NZD 8.0m | NZD 55.6m | NZD 49.2m | NZD 42.7m | NZD 15.4m | NZD 10.5m | NZD 10.5m |
| Shareholders' equity | NZD 197.3m | NZD 197.0m | NZD 190.3m | NZD 167.9m | NZD 111.2m | NZD 192.5m | NZD 184.3m | NZD 168.8m | NZD 166.3m | NZD 158.7m |
| Shares outstanding | 538m | 538m | 541m | 432m | 280m | 280m | 280m | 279m | 279m | 279m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 10.6m | NZD 38.5m | NZD 13.2m | NZD 10.5m | NZD 7.0m | −NZD 881,000 | NZD 4.1m | NZD 10.9m | NZD 24.8m | NZD 5.3m |
| Capital spending | −NZD 12.9m | −NZD 10.7m | −NZD 6.3m | −NZD 5.2m | −NZD 13.2m | −NZD 5.7m | −NZD 17.8m | −NZD 16.9m | −NZD 14.1m | −NZD 7.5m |
| Free cash flow | −NZD 2.2m | NZD 27.7m | NZD 6.9m | NZD 5.3m | −NZD 6.2m | −NZD 6.6m | −NZD 13.7m | −NZD 6.0m | NZD 10.7m | −NZD 2.2m |
| Dividends paid | — | — | — | — | — | — | −NZD 6.9m | −NZD 7.1m | −NZD 7.1m | −NZD 2.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.4% | -1.1% | 0.3% |
| Operating income | — | 19.1% | -1.0% |
| Net income | — | -2.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.5% | 8.6% | 8.3% | 12.3% |
| Operating margin | -8.7% | -4.2% | -6.0% | -2.2% |
| Net margin | 2.1% | 5.1% | -4.0% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.8 | 9.3 | 4.3 | 50.2 | -2.6 | -31.4 | 15.8 | 27.8 | 19.8 | 7.8 |
| Price to sales | 0.9 | 0.6 | 0.7 | 0.4 | 0.9 | 1.8 | 1.3 | 1.4 | 1.5 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Mar 2020.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|
| Paid in the year | 0.002 | 0.003 | 0.016 | 0.004 | 0.002 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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