R 
4.76
0.00%
Close of 6 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$42.7m
FY2016FY2025
Net income
$1.9m
FY2016FY2025
Free cash flow
−$11.6m
FY2016FY2025
Shareholders' equity
−$19.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.7m | $1.6m | $2.0m | $3.6m | $4.1m | $3.6m | $3.5m | $3.9m | $5.0m | $19.6m |
| Research and development | — | — | — | — | — | — | — | $122,000 | $962,000 | $2.5m |
| Operating income | $1.8m | −$57,000 | $74,000 | −$1.0m | −$1.1m | −$1.2m | −$1.8m | $635,000 | −$17.9m | −$63.0m |
| Net income | $1.9m | −$38,000 | −$15,000 | $935,000 | −$730,000 | −$1.1m | −$1.1m | $963,000 | −$17.9m | −$62.9m |
| Diluted earnings per share | 0.56 | -0.02 | -0.01 | 0.37 | -0.30 | -0.44 | -0.44 | 0.35 | -6.54 | -23.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $108.5m | $976,000 | $1.1m | $6.0m | $31.0m | $31.2m | $34.8m | $35.8m | $35.0m | $53.0m |
| Cash and short-term investments | $6.6m | $566,000 | $594,000 | $1.6m | $26.0m | $25.9m | $24.2m | $25.6m | $18.0m | $17.7m |
| Total liabilities | $125.9m | $610,000 | $711,000 | $2.8m | $1.6m | $1.3m | $1.6m | $1.2m | $1.7m | $2.6m |
| Debt | $27.3m | — | — | $1.6m | — | — | — | — | — | — |
| Shareholders' equity | −$19.0m | $367,000 | $405,000 | $3.2m | $29.4m | $29.9m | $33.2m | $34.6m | $33.3m | $50.4m |
| Shares outstanding | 3m | 2m | 2m | 2m | 2m | 2m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$11.6m | — | −$823,000 | −$521,000 | −$323,000 | $297,000 | −$1.2m | −$1.1m | −$2.0m | −$15.3m |
| Capital spending | — | — | — | — | — | −$2,000 | −$64,000 | −$2.3m | −$2.3m | −$704,000 |
| Free cash flow | −$11.6m | — | −$823,000 | −$521,000 | −$323,000 | $295,000 | −$1.3m | −$3.3m | −$4.3m | −$16.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $61.6m | $51.7m | $42.1m | $140,000 | $218,000 | $218,000 | $253,000 | $259,000 |
| Operating income | $5.4m | $3.3m | $2.5m | −$360,000 | −$186,000 | −$153,000 | −$63,000 | −$65,000 |
| Net income | $4.8m | $3.0m | $2.5m | −$358,000 | −$152,000 | −$149,000 | −$71,000 | −$58,000 |
| Diluted earnings per share | 0.51 | 0.32 | 0.76 | -0.11 | -0.05 | -0.04 | -0.03 | -0.02 |
| Cash from operations | $31.0m | $5.0m | −$11.0m | — | — | — | — | — |
| Capital spending | −$10.0m | — | — | — | — | — | — | — |
| Free cash flow | $21.0m | — | — | — | — | — | — | — |
| Total assets | $119.3m | $88.8m | $108.5m | $385,000 | $742,000 | $939,000 | $976,000 | $1.1m |
| Cash and short-term investments | $33.0m | $7.9m | $6.6m | $107,000 | $306,000 | $527,000 | $566,000 | $613,000 |
| Debt | $17.0m | $20.7m | $21.8m | — | — | — | — | — |
| Shareholders' equity | −$11.3m | −$16.0m | −$19.0m | −$292,000 | $66,000 | $218,000 | $367,000 | $439,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 128.4% | 63.9% | 6.0% |
| Net income | 26.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.9% | 1.5% | -2.7% | -140.7% |
| Net margin | 4.1% | 5.5% | 1.7% | -139.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.9 | -103.3 | -80.3 | 1.3 | -2.1 | -1.5 | -1.4 | 1.6 | -0.1 | -0.0 |
| Price to sales | 0.2 | 2.5 | 0.6 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 87% | 273% | 8% | -42% | 1% | 11% | 16% | -13% | 70% | -71% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Oct 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 1.10 | 0.11 |
- 10-to-1 reverse split · 5 May 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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