P 
1.19
+5.31%
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
—
FY2016FY2025
Net income
−$16.8m
FY2016FY2025
Free cash flow
−$10.8m
FY2016FY2025
Shareholders' equity
$129.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $250,000 | $250,000 | — | $13,520 | $15,394 | $260,000 | $260,000 | $16,246 |
| Gross profit | −$3,000 | −$3,000 | $250,000 | −$167,000 | −$168,000 | −$146,000 | $15,394 | $1.3m | $260,000 | $16,246 |
| Research and development | $10.2m | $9.1m | $6.9m | $6.5m | $2.4m | $3.1m | $4.1m | $4.0m | $8.0m | $12.8m |
| Operating income | −$18.1m | −$14.9m | −$13.1m | −$15.7m | −$41.9m | −$9.3m | −$8.6m | −$8.3m | −$13.2m | −$20.2m |
| Net income | −$16.8m | −$14.4m | −$12.3m | −$14.3m | −$26.6m | −$10.3m | −$8.4m | −$4.9m | −$15.7m | −$21.1m |
| Diluted earnings per share | -0.30 | -1.69 | -1.33 | -7.91 | -98.32 | -43.48 | -35.18 | -18.03 | -73.76 | -126.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $134.3m | $10.9m | $14.1m | $15.8m | $12.5m | $3.0m | $6.6m | $7.7m | $13.9m | $22.6m |
| Cash and short-term investments | $133.4m | $9.8m | $12.4m | $12.4m | $10.5m | $729,000 | $5.1m | $5.8m | $11.7m | $20.2m |
| Total liabilities | $5.0m | $3.4m | $2.7m | $3.3m | $5.1m | $10.1m | $1.5m | $1.6m | $5.4m | $11.3m |
| Debt | $71,000 | $79,000 | $158,000 | $88,000 | $87,000 | — | — | — | — | $3.7m |
| Shareholders' equity | $129.4m | $7.5m | $11.3m | $12.5m | $7.4m | −$7.1m | $5.1m | $6.0m | $8.5m | $11.3m |
| Shares outstanding | 56m | 9m | 9m | 2m | 0m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$10.8m | −$12.2m | −$11.1m | −$13.4m | −$14.8m | −$4.8m | −$7.3m | −$7.7m | −$13.4m | −$15.6m |
| Capital spending | — | — | −$4,000 | −$10,000 | — | −$6,000 | −$6,000 | −$1,714 | −$94,046 | −$161,114 |
| Free cash flow | −$10.8m | −$12.2m | −$11.1m | −$13.4m | −$14.8m | −$4.8m | −$7.3m | −$7.7m | −$13.5m | −$15.8m |
| Dividends paid | — | — | — | — | −$99,000 | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $500,000 | — | — | — | — | — | $4,000 | — |
| Gross profit | $500,000 | — | — | — | −$1,000 | −$1,000 | $2,000 | −$1,000 |
| Operating income | −$11.7m | −$10.7m | −$10.0m | −$2.9m | −$2.8m | −$2.3m | −$3.4m | −$3.6m |
| Net income | −$10.6m | −$9.6m | −$8.9m | −$2.9m | −$2.8m | −$2.2m | −$3.3m | −$3.5m |
| Diluted earnings per share | -0.05 | -0.05 | -0.16 | -0.05 | -0.05 | -0.04 | -0.39 | -0.41 |
| Cash from operations | −$7.0m | −$3.0m | −$3.0m | −$3.0m | −$1.0m | −$2.0m | −$2.0m | −$3.0m |
| Total assets | $127.3m | $133.3m | $134.3m | $7.0m | $6.7m | $8.2m | $10.9m | $9.3m |
| Cash and short-term investments | $125.2m | $132.6m | $133.4m | $5.2m | $5.4m | $7.2m | $9.8m | $8.0m |
| Debt | — | — | $71,000 | $211,000 | $338,000 | $58,000 | $169,000 | $357,000 |
| Shareholders' equity | $121.7m | $127.4m | $129.4m | $3.2m | $2.6m | $5.3m | $7.5m | $6.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 4.7% | 14.2% | -0.6% |
| Net income | 5.6% | 10.2% | -2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.8 | -1.0 | -4.3 | -0.8 | -0.8 | -7.6 | -10.6 | -82.9 | -112.4 | -134.1 |
| Price to sales | — | — | 211.9 | 46.9 | — | — | — | — | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -5% | -70% | 114% | -98% | -61% | -8% | -84% | -78% | -52% | -49% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 8 Apr 2024
- 50-to-1 reverse split · 16 Nov 2022
- 6-to-1 reverse split · 28 Apr 2021
- 20-to-1 reverse split · 18 Jul 2019
- 13-to-1 reverse split · 9 Jan 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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