P 
3,514.00
-3.46%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 13.2m
FY2019FY2024
Net income
−ILS 11.1m
FY2019FY2024
Free cash flow
−ILS 11.4m
FY2019FY2024
Shareholders' equity
—
FY2019FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Revenue | ILS 13.2m | ILS 10.2m | ILS 6.3m | ILS 6.9m | ILS 3.2m | ILS 554,000 |
| Operating income | −ILS 8.2m | −ILS 13.2m | −ILS 11.3m | −ILS 12.3m | −ILS 4.9m | −ILS 704,000 |
| Net income | −ILS 11.1m | −ILS 19.5m | −ILS 20.1m | −ILS 16.8m | −ILS 6.2m | −ILS 1.9m |
| Diluted earnings per share | -0.38 | -0.66 | -0.68 | -0.62 | -0.21 | -0.10 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Total assets | — | — | ILS 258.6m | ILS 220.7m | ILS 96.2m | — |
| Cash and short-term investments | — | — | ILS 27.9m | ILS 25.1m | ILS 4.3m | — |
| Total liabilities | — | — | ILS 196.3m | ILS 139.5m | ILS 87.9m | — |
| Debt | — | — | ILS 193.5m | ILS 133.1m | ILS 68.0m | — |
| Shareholders' equity | — | — | ILS 62.3m | ILS 81.2m | ILS 8.3m | — |
| Shares outstanding | 30m | 30m | 29m | 27m | 30m | 20m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Cash from operations | −ILS 11.4m | −ILS 4.3m | −ILS 14.3m | −ILS 10.5m | ILS 538,000 | −ILS 1.7m |
| Capital spending | — | −ILS 235,000 | −ILS 434,000 | −ILS 721,000 | — | — |
| Free cash flow | −ILS 11.4m | −ILS 4.5m | −ILS 14.7m | −ILS 11.2m | ILS 538,000 | −ILS 1.7m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 10.5m | ILS 5.9m | ILS 3.7m | ILS 3.2m | ILS 4.2m | ILS 3.4m | ILS 2.4m | ILS 2.0m |
| Operating income | −ILS 779,000 | −ILS 1.6m | −ILS 2.9m | −ILS 3.3m | −ILS 956,000 | −ILS 2.3m | −ILS 1.7m | −ILS 6.9m |
| Net income | −ILS 7.8m | −ILS 7.1m | −ILS 5.0m | ILS 1.1m | −ILS 5.1m | −ILS 3.7m | −ILS 3.4m | −ILS 8.1m |
| Diluted earnings per share | -0.24 | -0.24 | -0.17 | 0.04 | -0.17 | -0.13 | -0.12 | -0.27 |
| Total assets | ILS 952.3m | ILS 460.9m | ILS 530.3m | ILS 384.4m | ILS 316.3m | ILS 260.5m | ILS 287.8m | ILS 277.6m |
| Cash and short-term investments | ILS 235.4m | ILS 189.2m | ILS 274.5m | ILS 137.4m | ILS 124.6m | ILS 38.8m | ILS 66.6m | ILS 64.1m |
| Debt | ILS 710.4m | ILS 383.4m | ILS 430.2m | ILS 282.4m | ILS 184.3m | ILS 152.9m | ILS 191.3m | ILS 165.7m |
| Shareholders' equity | ILS 125.1m | ILS 22.1m | ILS 32.6m | ILS 37.0m | ILS 37.0m | ILS 40.9m | ILS 43.8m | ILS 46.7m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 14.0% | 17.9% | 22.3% | -3.3% | 0.1% | -9.8% | — | — |
| Operating margin | -37.9% | -33.3% | -99.4% | -150.2% | -191.7% | -146.6% | — | — |
| Net margin | -113.0% | -84.3% | -190.9% | -320.0% | -241.3% | -194.5% | — | — |
| Return on equity | -28.8% | -30.1% | -41.8% | -32.3% | -20.6% | -74.1% | — | — |
| Return on assets | -2.2% | -2.9% | -7.0% | -7.8% | -7.6% | -6.4% | — | — |
| Free cash flow yield | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Revenue growth | 116.4% | 29.2% | 62.7% | -9.5% | 118.4% | 473.5% | — | — |
| Earnings growth | 189.9% | -42.9% | -2.9% | 20.0% | 171.0% | 227.9% | — | — |
| Current ratio | 1.12x | 1.60x | 1.21x | 3.36x | 0.58x | 0.29x | — | — |
| Debt to equity | 9.85x | 7.61x | 3.37x | 2.94x | 1.54x | 9.20x | — | — |
| Equity ratio | 7.7% | 9.6% | 16.8% | 24.1% | 36.8% | 8.7% | — | — |
| Interest coverage | -0.29x | -0.28x | -0.86x | -0.66x | -2.42x | -1.69x | — | — |
| R&D as a share of sales | — | — | — | — | — | 0.1% | 0.5% | 466.8% |
| Buybacks as a share of market value | -22.8% | 0.9% | -1.2% | 1.0% | -2.3% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.9% | 88.5% | — |
| Operating income | -12.7% | 63.3% | — |
| Net income | -12.9% | 42.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -91.3% | -122.7% | -125.3% | — |
| Net margin | -130.8% | -184.4% | -187.3% | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Price to earnings | -25.7 | -2.3 | -4.7 | -13.7 |
| Price to sales | 21.7 | 4.3 | 15.1 | 33.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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