R 
0.35
+4.05%
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
$48.5m
FY2016FY2025
Net income
−$31.5m
FY2016FY2025
Free cash flow
−$22.9m
FY2016FY2025
Shareholders' equity
$42.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.5m | $46.0m | $34.9m | $19.9m | $11.6m | $9.2m | $5.5m | $48.6m | $22.1m | $12.1m |
| Research and development | $14.6m | $18.8m | $18.3m | $18.6m | $8.3m | $3.2m | $1.4m | $131,000 | — | — |
| Operating income | −$29.1m | −$58.7m | −$43.1m | −$85.8m | −$31.8m | −$12.1m | −$7.5m | −$5.1m | −$5.1m | −$93,876 |
| Net income | −$31.5m | −$61.4m | −$45.7m | −$83.1m | −$26.8m | −$14.2m | −$15.9m | −$5.7m | −$5.0m | −$38,984 |
| Diluted earnings per share | -0.26 | -0.67 | -0.66 | -1.53 | -0.64 | -0.53 | -0.72 | -0.30 | -0.43 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $85.4m | $82.5m | $92.2m | $83.8m | $125.9m | $40.4m | $29.0m | $18.1m | $20.6m | $5.5m |
| Cash and short-term investments | $16.6m | $5.0m | $15.7m | $1.9m | $25.8m | $20.6m | $1.2m | $2.8m | $2.0m | $2.8m |
| Total liabilities | $42.5m | $48.3m | $58.8m | $34.5m | $24.8m | $8.5m | $32.2m | $9.5m | $9.7m | $1.7m |
| Debt | $18.5m | $17.8m | $27.6m | $4.5m | $1.1m | $2.0m | $22.3m | $3.9m | $5.1m | $500,000 |
| Shareholders' equity | $42.9m | $34.1m | $33.4m | $49.3m | $101.1m | $31.9m | −$3.2m | $8.5m | $10.9m | $3.8m |
| Shares outstanding | 120m | 92m | 69m | 54m | 42m | 27m | 22m | 19m | 12m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$20.4m | −$32.5m | −$32.6m | −$39.6m | −$18.0m | −$15.1m | −$21.3m | −$2.1m | −$3.2m | −$136,079 |
| Capital spending | −$2.5m | −$1.7m | −$1.4m | −$4.2m | −$6.3m | −$1.0m | −$806,000 | −$1.1m | −$289,657 | −$36,833 |
| Free cash flow | −$22.9m | −$34.2m | −$34.0m | −$43.8m | −$24.3m | −$16.1m | −$22.1m | −$3.1m | −$3.5m | −$172,912 |
| Dividends paid | — | — | −$32.2m | — | −$874,000 | — | −$108,000 | −$344,724 | −$251,509 | −$125,615 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.7m | $10.3m | $12.7m | $14.2m | $12.4m | $9.2m | $13.3m | $10.5m |
| Operating income | $222,000 | −$8.9m | −$7.2m | −$3.6m | −$8.1m | −$10.3m | −$19.8m | −$12.9m |
| Net income | −$551,000 | −$9.4m | −$7.8m | −$4.1m | −$8.7m | −$10.9m | −$20.4m | −$12.6m |
| Diluted earnings per share | -0.00 | -0.07 | -0.07 | -0.03 | -0.07 | -0.09 | -0.22 | -0.14 |
| Cash from operations | −$2.0m | −$3.0m | — | −$4.0m | −$7.0m | −$8.0m | −$4.0m | −$9.0m |
| Capital spending | — | — | — | −$1.0m | — | — | — | — |
| Free cash flow | — | — | — | −$5.0m | — | — | — | — |
| Total assets | $74.3m | $78.5m | $85.4m | $81.0m | $80.1m | $79.8m | $82.5m | $101.2m |
| Cash and short-term investments | $9.8m | $12.6m | $16.6m | $3.2m | $4.8m | $3.9m | $5.0m | $10.6m |
| Debt | $17.9m | $16.8m | $18.5m | $18.0m | $17.4m | $17.7m | $19.1m | $18.6m |
| Shareholders' equity | $34.1m | $34.5m | $42.9m | $36.5m | $35.4m | $33.4m | $34.1m | $40.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.5% | 39.3% | 17.5% |
| Operating income | -30.2% | 19.2% | — |
| Net income | -27.7% | 17.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -93.0% | -145.1% | -153.2% | -103.7% |
| Net margin | -98.3% | -148.4% | -154.4% | -107.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.3 | -2.3 | -5.0 | -0.8 | -10.3 | -9.8 | -3.4 | -1.4 | -4.2 |
| Price to sales | 3.4 | 3.1 | 6.6 | 3.3 | 23.7 | 15.1 | 9.8 | 0.2 | 0.9 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Return | 82% | -72% | 392% | -90% | 23% | 149% | 496% | -80% | 53% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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