R 
17.11
+7.99%
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
$17.3m
FY2018FY2025
Net income
−$33.3m
FY2018FY2025
Free cash flow
−$23.5m
FY2018FY2025
Shareholders' equity
$13.0m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.3m | $9.7m | $15.1m | $58.3m | $59.9m | $12.1m | $4.1m | $1.8m |
| Research and development | — | $743,000 | $2.3m | $8.2m | $3.9m | $3.4m | $109,000 | $17,000 |
| Operating income | −$31.5m | −$28.1m | −$14.3m | −$179.5m | −$35.1m | −$12.6m | −$3.1m | −$1.0m |
| Net income | −$33.3m | −$41.7m | −$18.6m | −$188.2m | −$32.5m | −$21.6m | −$3.0m | −$1.0m |
| Diluted earnings per share | -16.19 | -39.80 | -16.96 | -82.39 | -438.72 | -319.31 | -44.93 | -0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $106.7m | $54.0m | $45.7m | $69.7m | $182.0m | $21.8m | $3.2m | $2.2m |
| Cash and short-term investments | $32.2m | $31.2m | $434,000 | — | $56.6m | $8.1m | $206,000 | $85,000 |
| Total liabilities | $93.7m | $25.9m | $60.4m | $78.7m | $44.6m | $28.3m | $4.0m | $4.0m |
| Debt | $80.6m | $11.0m | $21.8m | $407,000 | $2.8m | $13.5m | — | $133,000 |
| Shareholders' equity | $13.0m | $27.9m | −$14.9m | −$9.3m | $137.1m | −$6.7m | −$805,000 | −$1.8m |
| Shares outstanding | 2m | 1m | 1m | 2m | 0m | 0m | 0m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$23.5m | −$11.6m | −$31.0m | −$72.0m | −$30.1m | −$14.8m | −$3.4m | $49,000 |
| Capital spending | — | −$4,000 | −$59,000 | −$8.1m | −$2.3m | −$136,000 | −$184,000 | — |
| Free cash flow | −$23.5m | −$11.6m | −$31.0m | −$80.2m | −$32.5m | −$14.9m | −$3.6m | $49,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.0m | $13.3m | $10.7m | $4.0m | $2.0m | $538,000 | $2.2m | $1.9m |
| Operating income | $1.9m | −$3.9m | −$4.5m | −$8.9m | −$6.9m | −$3.7m | −$8.3m | −$3.7m |
| Net income | $1.2m | $19.9m | −$13.6m | −$10.7m | −$7.4m | −$1.6m | −$29.4m | −$18.7m |
| Diluted earnings per share | 0.52 | 8.72 | -6.62 | -5.19 | -3.58 | -0.79 | -28.01 | -17.78 |
| Cash from operations | $8.0m | $1.0m | −$3.0m | −$5.0m | −$8.0m | −$6.0m | −$5.0m | −$1.0m |
| Capital spending | — | — | −$5.0m | −$5.0m | — | — | — | — |
| Free cash flow | — | — | −$8.0m | −$10.0m | — | — | — | — |
| Total assets | $135.4m | $127.5m | $106.7m | $115.2m | $69.5m | $45.6m | $54.0m | $39.0m |
| Cash and short-term investments | $41.9m | $33.3m | $32.2m | $35.6m | $41.0m | $24.4m | $31.2m | $267,000 |
| Debt | $80.6m | $80.6m | $80.6m | $18.6m | $40.6m | $10.6m | $10.8m | $7.9m |
| Shareholders' equity | $39.1m | $36.6m | $13.0m | $11.7m | $21.0m | $26.8m | $27.9m | $5.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -33.3% | 7.4% | — |
| Operating income | -44.0% | 20.1% | — |
| Net income | -43.9% | 9.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -221.2% | -252.6% | -174.8% | — |
| Net margin | -278.2% | -280.8% | -194.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -1.3 | -0.7 | -0.7 | -0.5 | -2.6 |
| Price to sales | 2.5 | 3.1 | 0.9 | 1.5 | 1.4 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Return | -34% | 232% | -69% | -97% | -17% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 8 Oct 2024
- 20-to-1 reverse split · 5 Jul 2023
- 10-to-1 reverse split · 18 Oct 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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