P 
0.36
+2.02%
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
$12.2m
FY2016FY2025
Net income
−$4.8m
FY2016FY2025
Free cash flow
−$5.7m
FY2016FY2025
Shareholders' equity
$4.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.2m | $14.6m | $13.7m | $14.9m | $5.7m | $9.1m | $506,000 | $16.6m | $8.8m | $6.0m |
| Research and development | $6.2m | $9.2m | $14.4m | $19.8m | $11.5m | $8.3m | $10.3m | $4.1m | $8.2m | $18.1m |
| Operating income | −$5.0m | −$12.4m | −$20.6m | −$24.9m | −$16.1m | −$8.1m | −$18.0m | −$10.8m | −$10.0m | −$31.3m |
| Net income | −$4.8m | −$10.7m | −$16.8m | −$32.4m | −$9.5m | −$10.2m | −$18.0m | −$11.4m | −$10.7m | −$32.0m |
| Diluted earnings per share | -0.51 | -2.51 | -2.35 | -6.31 | -43.10 | -2.88 | -329.72 | -248.02 | -2.64 | -0.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $6.1m | $7.2m | $10.7m | $22.5m | $48.0m | $10.0m | $10.2m | $11.8m | $23.1m | $27.1m |
| Cash and short-term investments | $2.9m | $3.3m | $1.6m | $2.9m | $15.2m | $1.7m | $1.9m | $7.1m | $3.9m | $9.8m |
| Total liabilities | $1.4m | $3.7m | $6.6m | $7.2m | $5.9m | $13.9m | $5.6m | $4.6m | $15.8m | $11.8m |
| Debt | $192,000 | $321,000 | $719,000 | $1.5m | $667,000 | $5.7m | $3.1m | $2.7m | $9.2m | $8.3m |
| Shareholders' equity | $4.6m | $3.5m | $4.1m | $15.3m | $42.1m | −$3.9m | $4.6m | $7.2m | $7.3m | $15.3m |
| Shares outstanding | 9m | 4m | 7m | 5m | 0m | 4m | 0m | 0m | 4m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$5.6m | −$4.6m | −$4.7m | −$16.0m | −$12.0m | −$10.2m | −$14.1m | $335,000 | −$7.6m | −$17.9m |
| Capital spending | −$107,000 | — | −$94,000 | −$1.0m | −$236,000 | −$38,130 | −$1.1m | −$50,000 | −$300,000 | −$646,000 |
| Free cash flow | −$5.7m | −$4.6m | −$4.8m | −$17.0m | −$12.3m | −$10.3m | −$15.2m | $285,000 | −$7.9m | −$18.6m |
| Dividends paid | — | — | — | −$120,000 | — | −$392,000 | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3m | $963,000 | $2.9m | $3.2m | $2.2m | $3.9m | $3.7m | $3.8m |
| Operating income | −$2.2m | −$2.5m | −$1.3m | −$1.2m | −$1.8m | −$514,000 | −$1.6m | −$2.7m |
| Net income | −$2.2m | −$2.5m | −$1.2m | −$1.2m | −$1.8m | −$471,000 | −$1.6m | −$2.7m |
| Diluted earnings per share | -0.16 | -0.18 | -0.13 | -0.13 | -0.20 | -0.05 | -0.37 | -0.64 |
| Cash from operations | −$1.0m | −$2.0m | −$1.0m | −$1.0m | −$2.0m | — | — | — |
| Total assets | $6.8m | $6.4m | $6.1m | $6.2m | $5.5m | $6.7m | $7.2m | $7.2m |
| Cash and short-term investments | $3.3m | $2.7m | $2.9m | $1.9m | $1.8m | $2.8m | $3.3m | $1.3m |
| Debt | $96,000 | $95,000 | $95,000 | $92,000 | $99,000 | $104,000 | $139,000 | $214,000 |
| Shareholders' equity | $4.9m | $4.6m | $4.6m | $3.6m | $3.0m | $3.6m | $3.5m | $2.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.4% | 6.0% | 10.7% |
| Operating income | -41.5% | -9.4% | -14.9% |
| Net income | -47.3% | -14.2% | -15.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -65.1% | -113.7% | -124.3% | -171.0% |
| Net margin | -57.8% | -116.8% | -120.4% | -170.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.1 | -0.3 | -1.8 | -1.7 | -1.4 | -12.5 | -0.1 | -0.1 | -19.2 | -70.0 |
| Price to sales | 0.4 | 0.2 | 2.1 | 3.7 | 2.4 | 14.1 | 1.8 | 0.1 | 23.1 | 372.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -6% | -82% | -73% | -79% | 114% | 71% | -42% | -48% | -44% | -71% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 3 Jan 2024
- 1-to-1 reverse split · 20 Dec 2021
- 20-to-1 reverse split · 28 Aug 2019
- 10-to-1 reverse split · 16 Feb 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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