R
0.03
—
Close of 9 Nov 2026, in NZD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NZD, from our data supplier.
Revenue
NZD 1.5m
FY2019FY2025
Net income
−NZD 3.5m
FY2019FY2025
Free cash flow
−NZD 2.8m
FY2019FY2025
Shareholders' equity
NZD 4.9m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | NZD 1.5m | NZD 85,800 | NZD 357,700 | NZD 24,200 | — | — | — |
| Gross profit | NZD 534,800 | −NZD 118,300 | NZD 18,100 | −NZD 104,400 | — | — | — |
| Research and development | NZD 944,800 | NZD 1.2m | NZD 1.6m | NZD 3.0m | NZD 1.9m | NZD 1.3m | NZD 818,700 |
| Operating income | −NZD 3.3m | −NZD 4.6m | −NZD 12.0m | −NZD 7.6m | −NZD 6.3m | −NZD 3.6m | −NZD 2.0m |
| Net income | −NZD 3.5m | −NZD 13.7m | −NZD 6.0m | −NZD 8.6m | −NZD 4.4m | −NZD 2.8m | −NZD 2.0m |
| Diluted earnings per share | -0.02 | -0.07 | -0.03 | -0.05 | -0.03 | -0.02 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | NZD 6.8m | NZD 7.7m | NZD 21.0m | NZD 33.6m | NZD 30.9m | NZD 15.7m | NZD 11.1m |
| Cash and short-term investments | NZD 241,400 | NZD 895,100 | NZD 4.6m | NZD 9.9m | NZD 16.4m | NZD 3.9m | NZD 6.2m |
| Total liabilities | NZD 1.9m | NZD 973,100 | NZD 830,300 | NZD 9.4m | NZD 2.0m | NZD 1.3m | NZD 621,600 |
| Debt | NZD 804,000 | NZD 147,800 | NZD 114,600 | NZD 824,000 | NZD 954,800 | NZD 348,800 | NZD 216,800 |
| Shareholders' equity | NZD 4.9m | NZD 6.8m | NZD 20.1m | NZD 24.2m | NZD 28.8m | NZD 14.4m | NZD 10.5m |
| Shares outstanding | 200m | 192m | 187m | 170m | 127m | 140m | 140m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −NZD 2.8m | −NZD 3.7m | −NZD 5.9m | −NZD 6.8m | −NZD 4.4m | −NZD 3.6m | −NZD 2.0m |
| Capital spending | −NZD 3,400 | −NZD 1,200 | −NZD 73,800 | −NZD 400,100 | −NZD 1.4m | −NZD 5.0m | −NZD 455,100 |
| Free cash flow | −NZD 2.8m | −NZD 3.7m | −NZD 6.0m | −NZD 7.2m | −NZD 5.8m | −NZD 8.6m | −NZD 2.4m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 817,500 | NZD 693,800 | NZD 68,900 | NZD 17,000 | NZD 294,900 | NZD 62,800 | NZD 24,200 | — |
| Gross profit | NZD 327,600 | NZD 207,200 | −NZD 115,000 | −NZD 3,300 | NZD 77,500 | −NZD 59,400 | −NZD 104,400 | — |
| Operating income | −NZD 1.5m | −NZD 1.6m | −NZD 2.3m | −NZD 2.3m | −NZD 8.5m | −NZD 3.5m | −NZD 4.1m | −NZD 3.5m |
| Net income | −NZD 1.7m | −NZD 1.8m | −NZD 2.9m | −NZD 10.9m | −NZD 6.7m | NZD 718,700 | −NZD 6.2m | −NZD 2.5m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.06 | -0.04 | 0.00 | -0.04 | -0.02 |
| Total assets | NZD 6.8m | NZD 7.7m | NZD 7.7m | NZD 10.0m | NZD 21.0m | NZD 29.1m | NZD 33.6m | NZD 28.0m |
| Cash and short-term investments | NZD 241,400 | NZD 538,700 | NZD 895,100 | NZD 2.5m | NZD 4.6m | NZD 6.8m | NZD 9.9m | NZD 12.3m |
| Debt | NZD 763,200 | NZD 461,600 | NZD 99,100 | NZD 124,000 | NZD 67,900 | NZD 123,000 | NZD 695,500 | NZD 750,900 |
| Shareholders' equity | NZD 4.9m | NZD 6.3m | NZD 6.8m | NZD 9.5m | NZD 20.1m | NZD 26.7m | NZD 24.2m | NZD 26.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 296.7% | — | — |
| Operating income | -24.0% | -1.6% | — |
| Net income | -26.3% | 4.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.1% | 16.7% | — | — |
| Operating margin | -497.7% | -1390.8% | — | — |
| Net margin | -1075.4% | -1605.3% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -0.4 | -3.8 | -4.2 | -12.7 | -29.9 |
| Price to sales | 3.7 | 65.0 | 62.6 | — | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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