S 
3.50
0.00%
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
$20.6m
FY2016FY2025
Net income
−$8.6m
FY2016FY2025
Free cash flow
−$5.3m
FY2016FY2025
Shareholders' equity
$49.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.6m | $140.1m | $5.1m | $13.2m | $12.1m | $121,000 | $257,000 | $257,000 | $257,000 |
| Research and development | $22.3m | $30.9m | $27.3m | $23.8m | $36.5m | $38.4m | $21.6m | $18.3m | $20.1m |
| Operating income | −$16.1m | $72.7m | −$85.8m | −$60.8m | −$56.0m | −$51.6m | −$30.0m | −$26.3m | −$29.5m |
| Net income | −$8.6m | $67.0m | −$62.8m | −$32.9m | −$55.2m | −$53.7m | −$12.5m | −$25.1m | −$30.0m |
| Diluted earnings per share | -1.58 | 14.41 | -15.37 | -9.43 | -40.48 | -63.64 | -20.79 | -8.65 | -11.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $59.0m | $128.4m | $87.8m | $119.8m | $102.5m | $57.2m | $53.2m | $45.9m | $59.8m |
| Cash and short-term investments | $21.3m | $74.4m | $73.5m | $104.5m | $93.0m | $48.4m | $44.2m | $43.9m | $58.6m |
| Total liabilities | $9.7m | $55.5m | $84.6m | $78.6m | $79.8m | $44.3m | $21.9m | $24.4m | $25.0m |
| Debt | $2.2m | $15.1m | $48.6m | $43.6m | $19.8m | $14.9m | $15.1m | $14.7m | $14.3m |
| Shareholders' equity | $49.4m | $73.0m | $3.2m | $41.3m | $22.8m | $12.9m | $31.2m | $21.4m | $34.8m |
| Shares outstanding | 5m | 5m | 4m | 3m | 1m | 1m | 1m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$5.3m | $60.2m | −$79.9m | −$54.6m | −$49.4m | −$38.1m | −$28.3m | −$24.6m | −$29.4m |
| Capital spending | — | −$60.2m | −$9,000 | −$1.2m | −$4,000 | −$4,000 | −$565,000 | −$2,000 | −$27,000 |
| Free cash flow | −$5.3m | — | −$79.9m | −$55.7m | −$49.4m | −$38.1m | −$28.9m | −$24.6m | −$29.4m |
| Dividends paid | — | — | — | — | −$10.0m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $235,000 | — | $18.6m | $334,000 | $1.4m | $257,000 | $977,000 | $660,000 |
| Operating income | −$7.8m | −$16.9m | $10.5m | −$8.4m | −$9.6m | −$8.6m | −$8.1m | −$10.3m |
| Net income | $7.4m | −$21.3m | $12.3m | −$8.6m | −$6.9m | −$5.4m | −$4.4m | −$2.8m |
| Diluted earnings per share | 0.63 | -1.80 | 2.25 | -1.58 | -1.26 | -0.99 | -0.93 | -0.59 |
| Cash from operations | −$14.0m | −$8.0m | $18.0m | −$8.0m | −$7.0m | −$7.0m | −$9.0m | — |
| Total assets | $75.0m | $77.6m | $59.0m | $51.1m | $60.7m | $67.9m | $90.6m | $99.0m |
| Cash and short-term investments | $54.1m | $59.3m | $40.1m | $38.0m | $44.8m | $40.6m | $59.3m | $68.8m |
| Debt | $526,000 | $504,000 | $483,000 | $463,000 | $444,000 | $425,000 | $14.1m | $13.6m |
| Shareholders' equity | $66.9m | $41.3m | $49.4m | $36.4m | $44.5m | $50.5m | $55.1m | $58.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 59.4% | 11.3% | 55.0% |
| Operating income | -42.8% | -22.1% | -5.5% |
| Net income | -48.4% | -31.0% | -12.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -218.5% | -39.1% | -94.0% | -178.0% |
| Net margin | -122.8% | -15.1% | -58.4% | -136.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.2 | -2.2 | 1.2 | -0.8 | -5.2 | -1.5 | -1.1 | -1.9 | -21.5 | -13.8 |
| Price to sales | 1.3 | 12.3 | 0.6 | 10.0 | 12.9 | 6.9 | — | 90.0 | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -38% | -47% | 6% | -76% | 21% | -14% | 83% | -82% | 5% | -45% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 8-to-1 reverse split · 1 Jun 2026
- 10-to-1 reverse split · 17 Jul 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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