P 
1.36
-1.81%
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
−$5.2m
FY2016FY2025
Free cash flow
−$5.4m
FY2016FY2025
Shareholders' equity
$3.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $7.8m | $7.3m | $6.1m | $5.2m | $12.6m | $7.9m | $153,000 | $335,000 | $835,000 |
| Research and development | $38,000 | $7.2m | $15.5m | $18.2m | $15.4m | $15.6m | $12.8m | $13.0m | $10.2m | $17.7m |
| Operating income | −$5.2m | −$9.8m | −$14.7m | −$18.9m | −$20.2m | −$9.9m | −$20.7m | −$20.4m | −$17.5m | −$29.9m |
| Net income | −$5.2m | −$9.6m | −$14.1m | −$18.7m | −$20.2m | −$19.3m | −$20.6m | −$20.6m | −$18.1m | −$27.8m |
| Diluted earnings per share | -1.41 | -2.62 | -3.87 | -5.15 | -7.02 | -10.68 | -20.26 | -82.45 | -169.70 | -374.74 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $4.1m | $9.9m | $34.0m | $41.0m | $58.8m | $38.2m | $36.1m | $14.7m | $16.0m | $16.7m |
| Cash and short-term investments | $4.1m | $9.5m | $19.2m | $35.6m | $53.8m | $31.7m | $23.4m | $2.6m | $3.5m | $4.2m |
| Total liabilities | $329,000 | $996,000 | $16.0m | $9.8m | $11.4m | $15.0m | $25.1m | $2.9m | $5.8m | $7.9m |
| Debt | — | — | $8.8m | $857,000 | $2.3m | $1.7m | $675,000 | −$67,000 | $3.2m | $5.8m |
| Shareholders' equity | $3.8m | $8.9m | $18.0m | $31.1m | $47.4m | $23.1m | $11.0m | $11.8m | $10.1m | $8.8m |
| Shares outstanding | 4m | 4m | 4m | 4m | 3m | 2m | 1m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$5.4m | −$10.7m | −$16.0m | −$19.4m | −$19.7m | −$12.5m | $3.2m | −$16.8m | −$14.5m | −$13.2m |
| Capital spending | — | −$398,000 | −$676,000 | −$86,000 | −$144,000 | −$281,000 | −$58,000 | −$19,000 | −$74,000 | −$455,000 |
| Free cash flow | −$5.4m | −$11.1m | −$16.7m | −$19.4m | −$19.9m | −$12.8m | $3.2m | −$16.8m | −$14.6m | −$13.7m |
| Dividends paid | — | — | — | — | −$3.2m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $3,000 | $366,000 |
| Operating income | −$1.0m | −$1.3m | −$908,000 | −$866,000 | −$1.5m | −$1.8m | −$2.0m | −$2.7m |
| Net income | −$1.0m | −$1.2m | −$928,000 | −$877,000 | −$1.5m | −$1.8m | −$2.0m | −$2.6m |
| Diluted earnings per share | -0.28 | -0.32 | -0.25 | -0.24 | -0.42 | -0.50 | -0.54 | -0.71 |
| Cash from operations | −$1.0m | −$1.0m | — | −$1.0m | −$1.0m | −$1.0m | −$1.0m | −$3.0m |
| Total assets | $3.2m | $4.5m | $4.1m | $5.0m | $6.2m | $8.1m | $9.9m | $11.5m |
| Cash and short-term investments | $2.2m | $3.3m | $4.1m | $4.8m | $5.8m | $7.7m | $9.5m | $10.8m |
| Shareholders' equity | $2.6m | $3.6m | $3.8m | $4.7m | $5.6m | $7.1m | $8.9m | $10.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -35.1% | -12.1% | -13.9% |
| Net income | -34.9% | -23.2% | -15.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.0 | -1.1 | -0.2 | -0.3 | -0.5 | -0.9 | -0.3 | -0.2 | -0.7 | -0.1 |
| Price to sales | — | 1.3 | 0.4 | 0.9 | 2.0 | 1.4 | 0.9 | 31.5 | 36.1 | 4.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -40% | 236% | -46% | -61% | -63% | 44% | -74% | -79% | 139% | -84% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 1 Mar 2022
- 10-to-1 reverse split · 6 Feb 2019
- 2.5-to-1 reverse split · 16 Jun 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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