P
0.28
-5.08%
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 21.8m
FY2016FY2025
Net income
−NZD 29.9m
FY2016FY2025
Free cash flow
−NZD 26.0m
FY2016FY2025
Shareholders' equity
NZD 26.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 21.8m | NZD 23.9m | NZD 19.6m | NZD 11.4m | NZD 7.7m | NZD 4.4m | NZD 3.8m | NZD 3.4m | NZD 3.2m | NZD 5.0m |
| Research and development | NZD 14.6m | NZD 12.1m | NZD 8.5m | NZD 5.1m | NZD 4.6m | NZD 3.9m | NZD 3.5m | NZD 4.4m | NZD 6.1m | — |
| Operating income | −NZD 31.8m | −NZD 33.6m | −NZD 32.0m | −NZD 20.5m | −NZD 15.6m | −NZD 19.1m | −NZD 18.2m | −NZD 20.0m | −NZD 23.0m | −NZD 16.5m |
| Net income | −NZD 29.9m | −NZD 29.5m | −NZD 27.0m | −NZD 19.8m | −NZD 14.2m | −NZD 18.9m | −NZD 17.9m | −NZD 19.6m | −NZD 22.6m | −NZD 15.7m |
| Diluted earnings per share | -0.04 | -0.04 | -0.03 | -0.03 | -0.02 | -0.03 | -0.03 | -0.04 | -0.05 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 37.0m | NZD 65.4m | NZD 90.9m | NZD 115.3m | NZD 31.2m | NZD 19.3m | NZD 16.6m | NZD 19.7m | NZD 17.7m | NZD 28.1m |
| Cash and short-term investments | NZD 22.6m | NZD 50.3m | NZD 77.8m | NZD 105.4m | NZD 23.1m | NZD 14.8m | NZD 12.8m | NZD 16.2m | NZD 14.6m | NZD 24.2m |
| Total liabilities | NZD 10.9m | NZD 10.8m | NZD 8.2m | NZD 6.9m | NZD 6.1m | NZD 4.8m | NZD 2.7m | NZD 3.0m | NZD 2.7m | NZD 2.5m |
| Debt | NZD 2.9m | NZD 4.1m | NZD 1.2m | NZD 1.9m | NZD 2.9m | NZD 1.6m | NZD 84,000 | NZD 99,000 | — | — |
| Shareholders' equity | NZD 26.1m | NZD 54.6m | NZD 82.8m | NZD 108.4m | NZD 25.1m | NZD 14.5m | NZD 13.9m | NZD 16.6m | NZD 15.0m | NZD 25.5m |
| Shares outstanding | 812m | 811m | 810m | 768m | 714m | 581m | 514m | 464m | 425m | 387m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −NZD 24.7m | −NZD 25.8m | −NZD 25.6m | −NZD 17.6m | −NZD 13.6m | −NZD 15.4m | −NZD 17.5m | −NZD 18.1m | −NZD 17.8m | −NZD 17.0m |
| Capital spending | −NZD 1.3m | −NZD 1.4m | −NZD 2.9m | −NZD 1.1m | −NZD 378,000 | −NZD 183,000 | −NZD 156,000 | −NZD 335,000 | −NZD 479,000 | −NZD 324,600 |
| Free cash flow | −NZD 26.0m | −NZD 27.1m | −NZD 28.5m | −NZD 18.7m | −NZD 13.9m | −NZD 15.6m | −NZD 17.7m | −NZD 18.4m | −NZD 18.3m | −NZD 17.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 5.6m | NZD 5.9m | NZD 11.4m | NZD 11.3m | NZD 11.3m | NZD 5.6m | NZD 14.0m | NZD 7.0m |
| Gross profit | −NZD 163,179 | NZD 54,556 | NZD 4.9m | NZD 5.4m | NZD 5.7m | NZD 2.8m | NZD 7.8m | NZD 3.9m |
| Operating income | −NZD 17.7m | −NZD 20.0m | −NZD 23.6m | −NZD 21.3m | −NZD 28.0m | −NZD 7.9m | −NZD 17.9m | −NZD 8.9m |
| Net income | −NZD 16.8m | −NZD 19.0m | −NZD 15.4m | −NZD 14.5m | −NZD 14.3m | −NZD 7.1m | −NZD 15.3m | −NZD 7.6m |
| Diluted earnings per share | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.01 | -0.02 | -0.01 |
| Cash from operations | −NZD 13.0m | −NZD 18.0m | −NZD 12.0m | −NZD 12.0m | −NZD 10.0m | −NZD 5.0m | −NZD 18.0m | −NZD 7.0m |
| Total assets | NZD 17.7m | NZD 34.4m | NZD 37.0m | NZD 50.9m | NZD 71.3m | NZD 65.4m | NZD 76.3m | NZD 76.3m |
| Cash and short-term investments | NZD 7.8m | NZD 21.9m | NZD 22.6m | NZD 35.9m | NZD 50.3m | NZD 50.3m | NZD 62.2m | NZD 62.2m |
| Debt | NZD 1.2m | NZD 1.8m | NZD 1.7m | NZD 1.6m | NZD 1.6m | NZD 300,000 | — | — |
| Shareholders' equity | NZD 10.7m | NZD 26.7m | NZD 26.1m | NZD 40.7m | NZD 59.5m | NZD 54.6m | NZD 68.3m | NZD 68.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.0% | 38.0% | 27.7% |
| Operating income | 15.7% | 10.7% | 9.1% |
| Net income | 14.8% | 9.7% | 9.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -142.8% | -153.5% | -171.7% | -229.4% |
| Net margin | -130.0% | -138.3% | -156.8% | -214.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.0 | -1.5 | -1.6 | -1.9 | -4.1 | -2.3 | -0.2 | -0.5 | -0.4 | -0.8 |
| Price to sales | 6.9 | 1.9 | 2.2 | 3.3 | 7.6 | 9.9 | 1.0 | 2.7 | 3.0 | 2.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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