R 
0.40
-7.69%
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
$286,000
FY2016FY2025
Net income
−$429,000
FY2016FY2025
Free cash flow
−$9.7m
FY2016FY2025
Shareholders' equity
$4.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $286,000 | $8.0m | $6.5m | $61.8m | $85.8m | $64.4m | $6.3m | $8.4m | $4.0m | $101,000 |
| Research and development | $2.0m | $1.6m | $3.5m | $7.3m | $29.5m | $16.5m | $17.4m | $24.9m | $33.0m | $25.2m |
| Operating income | −$7.9m | −$14.6m | $12.6m | −$42.8m | −$81.1m | −$63.7m | −$43.2m | −$39.3m | −$52.0m | −$30.5m |
| Net income | −$429,000 | −$8.3m | $23.9m | −$71.7m | −$97.7m | −$76.2m | −$42.3m | −$38.8m | −$45.5m | −$29.4m |
| Diluted earnings per share | -0.14 | -3.21 | 43.63 | -462.98 | -979.40 | -991.84 | -600.06 | -684.66 | -1,069.11 | -863.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $25.3m | $18.0m | $23.0m | $158.9m | $181.2m | $180.2m | $74.1m | $62.4m | $57.3m | $74.2m |
| Cash and short-term investments | $4.0m | $4.6m | $6.4m | $20.0m | $38.0m | $29.8m | $47.9m | $53.2m | $46.2m | $66.2m |
| Total liabilities | $21.1m | $22.7m | $21.0m | $207.3m | $172.3m | $166.4m | $14.1m | $11.2m | $12.3m | $11.5m |
| Debt | $1.1m | $356,000 | $1.2m | $122.7m | $87.8m | $86.9m | $3.8m | — | $448,000 | $6.2m |
| Shareholders' equity | $4.3m | −$4.7m | $2.1m | −$48.4m | $8.9m | $13.9m | $60.0m | $51.2m | $45.1m | $62.7m |
| Shares outstanding | 3m | 3m | 1m | 0m | 0m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$9.7m | −$9.4m | −$35.8m | −$29.2m | −$65.0m | −$48.6m | −$40.7m | −$34.5m | −$44.8m | −$28.3m |
| Capital spending | −$5,000 | −$9,000 | −$11,000 | −$198,000 | −$115,000 | −$53.8m | −$203,000 | −$58,000 | −$1.2m | −$120,000 |
| Free cash flow | −$9.7m | −$9.4m | −$35.8m | −$29.4m | −$65.2m | −$102.4m | −$41.0m | −$34.5m | −$45.9m | −$28.4m |
Latest quarters
By quarter end
| Jun 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0m | $2.0m | $2.7m | $1.3m | $1.3m | $567,500 | $1.8m | $12.8m |
| Operating income | −$2.2m | −$2.2m | −$3.1m | −$4.2m | −$4.2m | −$6.0m | −$4.4m | −$9.9m |
| Net income | −$2.1m | −$2.1m | −$2.6m | −$1.5m | −$1.5m | −$13.5m | $761,000 | −$3.7m |
| Diluted earnings per share | -0.65 | -0.65 | -1.01 | -0.60 | -0.60 | -24.71 | 1.39 | -6.80 |
| Cash from operations | −$2.0m | −$2.0m | −$1.0m | −$3.0m | −$3.0m | −$9.0m | −$10.0m | −$2.0m |
| Total assets | $18.4m | $18.4m | $18.0m | $22.0m | $22.0m | $23.0m | $35.0m | $158.9m |
| Cash and short-term investments | $2.9m | $2.9m | $4.6m | $7.3m | $7.3m | $5.6m | $7.0m | $20.0m |
| Debt | $214,000 | $214,000 | $353,000 | $368,000 | $368,000 | $718,000 | $1.3m | $116.2m |
| Shareholders' equity | −$4.4m | −$4.4m | −$4.7m | $61,000 | $61,000 | $2.1m | $3.5m | −$48.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -83.3% | -66.2% | 57.7% |
| Operating income | -43.1% | -34.1% | -9.7% |
| Net income | -81.8% | -64.5% | -32.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -270.4% | -68.8% | -87.1% | -156.6% |
| Net margin | -104.4% | -73.6% | -101.6% | -166.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.6 | -1.9 | 0.5 | -0.2 | -1.6 | -4.9 | -6.1 | -4.9 | -2.9 | -7.3 |
| Price to sales | 11.4 | 2.0 | 1.8 | 0.2 | 1.8 | 5.8 | 40.9 | 22.6 | 32.9 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -84% | -65% | -80% | -94% | -71% | 55% | 7% | 13% | -56% | -12% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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