O 
7.76
+3.60%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CHF, from our data supplier.
Revenue
—
FY2020FY2025
Net income
−CHF 116.3m
FY2020FY2025
Free cash flow
−CHF 76.9m
FY2020FY2025
Shareholders' equity
CHF 241.5m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | — | CHF 844,008 | CHF 1.1m | CHF 1.1m | CHF 1.2m | CHF 1.2m |
| Research and development | CHF 67.1m | CHF 64.1m | CHF 36.0m | CHF 27.3m | CHF 11.8m | CHF 11.5m |
| Operating income | −CHF 97.4m | −CHF 90.1m | −CHF 99.3m | −CHF 39.8m | −CHF 16.5m | −CHF 15.2m |
| Net income | −CHF 116.3m | −CHF 105.5m | −CHF 109.3m | −CHF 47.6m | −CHF 22.8m | −CHF 18.3m |
| Diluted earnings per share | -2.08 | -2.52 | -2.97 | -1.45 | -0.70 | -0.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | CHF 290.6m | CHF 148.1m | CHF 140.7m | CHF 45.6m | CHF 71.4m | CHF 20.2m |
| Cash and short-term investments | CHF 262.4m | CHF 121.4m | CHF 112.8m | CHF 24.3m | CHF 56.9m | CHF 6.1m |
| Total liabilities | CHF 49.1m | CHF 57.8m | CHF 25.4m | CHF 166.2m | CHF 146.4m | CHF 73.9m |
| Debt | CHF 618,327 | CHF 1.2m | CHF 605,000 | CHF 123.1m | CHF 114.3m | CHF 54.8m |
| Shareholders' equity | CHF 241.5m | CHF 90.3m | CHF 115.3m | −CHF 120.6m | −CHF 75.0m | −CHF 53.7m |
| Shares outstanding | 56m | 42m | 37m | 33m | 33m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −CHF 76.6m | −CHF 58.4m | −CHF 66.2m | −CHF 30.8m | −CHF 17.0m | −CHF 14.8m |
| Capital spending | −CHF 353,684 | −CHF 282,977 | −CHF 59,056 | −CHF 4.4m | −CHF 34,449 | −CHF 23,376 |
| Free cash flow | −CHF 76.9m | −CHF 58.7m | −CHF 66.3m | −CHF 35.2m | −CHF 17.0m | −CHF 14.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | CHF 298,971 | CHF 321,117 | — | — | — |
| Operating income | −CHF 29.0m | −CHF 27.6m | −CHF 25.7m | −CHF 25.0m | −CHF 25.6m | −CHF 24.6m | −CHF 21.2m | −CHF 22.3m |
| Net income | −CHF 12.3m | −CHF 36.3m | −CHF 28.7m | −CHF 20.7m | −CHF 31.2m | −CHF 40.9m | −CHF 35.3m | −CHF 24.8m |
| Diluted earnings per share | -0.20 | -0.59 | -0.51 | -0.37 | -0.56 | -0.73 | -0.84 | -0.59 |
| Cash from operations | −CHF 24.0m | −CHF 19.0m | −CHF 20.0m | −CHF 16.0m | −CHF 21.0m | −CHF 23.0m | −CHF 12.0m | −CHF 12.0m |
| Capital spending | — | — | — | — | — | −CHF 1.0m | — | — |
| Free cash flow | — | — | — | — | — | −CHF 24.0m | — | — |
| Total assets | CHF 308.0m | CHF 299.3m | CHF 290.6m | CHF 206.5m | CHF 223.5m | CHF 251.2m | CHF 148.1m | CHF 154.5m |
| Cash and short-term investments | CHF 280.9m | CHF 272.4m | CHF 262.4m | CHF 57.1m | CHF 197.2m | CHF 223.8m | CHF 121.4m | CHF 129.8m |
| Debt | CHF 1.8m | CHF 510,288 | CHF 618,327 | CHF 517,970 | CHF 381,403 | CHF 374,021 | CHF 387,555 | CHF 386,325 |
| Shareholders' equity | CHF 269.9m | CHF 241.2m | CHF 241.5m | CHF 160.7m | CHF 176.1m | CHF 200.1m | CHF 90.3m | CHF 117.2m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | — | -12527.3% | -9895.8% | -3530.8% | -1396.3% | -1241.2% |
| Net margin | — | -12503.9% | -10056.9% | -4243.2% | -1932.5% | -1497.8% |
| Return on equity | -48.1% | -116.9% | -94.7% | 39.5% | 30.4% | 34.1% |
| Return on assets | -40.0% | -71.3% | -77.7% | -104.4% | -32.0% | -90.8% |
| Free cash flow yield | -14.5% | -14.8% | -19.2% | -8.6% | -5.5% | — |
| Revenue growth | — | -22.3% | -3.2% | -5.0% | -3.3% | — |
| Earnings growth | 10.2% | -3.4% | 129.5% | 108.6% | 24.7% | — |
| Current ratio | 5.96x | 2.37x | 5.29x | 1.97x | 11.81x | 1.42x |
| Debt to equity | 0.00x | 0.00x | 0.00x | -1.25x | -1.87x | -1.24x |
| Equity ratio | 83.1% | 61.0% | 82.0% | -264.4% | -105.0% | -266.5% |
| Interest coverage | -118.02x | -134.49x | -59.71x | -5.00x | -2.62x | -4.69x |
| R&D as a share of sales | — | 7592.3% | 3312.2% | 2436.8% | 996.7% | 940.3% |
| Buybacks as a share of market value | -33.9% | -13.7% | -12.3% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 34.8% | 45.1% | — |
| Net income | 34.7% | 44.7% | — |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -9.6 |
Market value over time
28 May 2021 to 3 Nov 2026, in CHF
CHF 29.1mCHF 467.5m
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 15% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.