S 
1.27
+4.96%
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 120.3m
FY2017FY2026
Net income
−NZD 17.9m
FY2017FY2026
Free cash flow
NZD 5.7m
FY2017FY2026
Shareholders' equity
NZD 89.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 120.3m | NZD 88.5m | NZD 68.8m | NZD 46.5m | NZD 17.9m | NZD 12.4m | NZD 25.9m | NZD 23.4m | NZD 18.3m | NZD 14.3m |
| Research and development | — | NZD 56.1m | NZD 44.8m | NZD 39.3m | NZD 21.2m | NZD 15.9m | NZD 4.3m | NZD 3.2m | NZD 4.9m | NZD 5.5m |
| Operating income | −NZD 13.0m | −NZD 19.1m | −NZD 20.9m | −NZD 43.9m | −NZD 36.2m | −NZD 28.0m | −NZD 9.2m | NZD 1.5m | NZD 1.6m | −NZD 3.4m |
| Net income | −NZD 17.9m | −NZD 22.0m | −NZD 15.9m | −NZD 30.5m | −NZD 36.0m | −NZD 29.4m | −NZD 9.4m | NZD 1.6m | NZD 1.8m | −NZD 3.5m |
| Diluted earnings per share | -0.14 | -0.18 | -0.13 | -0.26 | -0.30 | -0.28 | -0.10 | 0.02 | 0.02 | -0.05 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 116.8m | NZD 126.3m | NZD 130.1m | NZD 140.9m | NZD 167.2m | NZD 111.3m | NZD 73.4m | NZD 33.4m | NZD 12.0m | NZD 10.2m |
| Cash and short-term investments | NZD 54.5m | NZD 61.4m | NZD 80.6m | NZD 87.7m | NZD 124.5m | NZD 79.9m | NZD 42.4m | NZD 15.7m | NZD 5.2m | NZD 4.5m |
| Total liabilities | NZD 27.5m | NZD 26.4m | NZD 14.4m | NZD 15.0m | NZD 16.3m | NZD 8.8m | NZD 9.6m | NZD 7.2m | NZD 3.6m | NZD 3.9m |
| Debt | NZD 7.0m | NZD 2.1m | NZD 2.0m | NZD 3.1m | NZD 3.0m | NZD 1.5m | NZD 2.5m | NZD 203,000 | NZD 555,000 | NZD 653,000 |
| Shareholders' equity | NZD 89.3m | NZD 99.9m | NZD 115.7m | NZD 125.9m | NZD 150.9m | NZD 102.5m | NZD 63.8m | NZD 26.2m | NZD 8.3m | NZD 6.3m |
| Shares outstanding | 124m | 123m | 118m | 120m | 119m | 107m | 93m | 78m | 78m | 75m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 7.1m | NZD 4.8m | NZD 5.9m | −NZD 22.3m | −NZD 18.5m | −NZD 18.0m | −NZD 3.8m | NZD 3.6m | NZD 1.4m | −NZD 1.6m |
| Capital spending | −NZD 1.3m | −NZD 6.2m | −NZD 11.4m | −NZD 463,000 | −NZD 16.1m | −NZD 7.8m | −NZD 11.8m | −NZD 466,000 | −NZD 192,000 | −NZD 247,000 |
| Free cash flow | NZD 5.7m | −NZD 1.4m | −NZD 5.5m | −NZD 22.8m | −NZD 34.5m | −NZD 25.8m | −NZD 15.6m | NZD 3.2m | NZD 1.2m | −NZD 1.8m |
| Dividends paid | — | — | — | — | −NZD 200,000 | −NZD 250,000 | −NZD 200,000 | −NZD 14.2m | — | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 58.7m | NZD 60.6m | NZD 47.0m | NZD 41.5m | NZD 33.0m | NZD 35.8m | NZD 17.9m | NZD 34.5m |
| Operating income | −NZD 9.0m | −NZD 3.9m | NZD 7.9m | −NZD 7.9m | NZD 9.0m | −NZD 9.0m | −NZD 4.6m | −NZD 15.0m |
| Net income | −NZD 8.3m | −NZD 9.0m | −NZD 16.9m | −NZD 5.1m | −NZD 8.7m | −NZD 7.2m | −NZD 3.6m | −NZD 13.5m |
| Diluted earnings per share | -0.07 | -0.07 | -0.14 | -0.04 | -0.07 | -0.06 | -0.03 | -0.11 |
| Cash from operations | −NZD 1.0m | NZD 8.0m | — | NZD 4.0m | NZD 3.0m | NZD 2.0m | — | −NZD 5.0m |
| Capital spending | — | −NZD 4.0m | −NZD 1.0m | — | — | −NZD 5.0m | — | −NZD 8.0m |
| Free cash flow | — | NZD 4.0m | — | — | — | −NZD 3.0m | — | −NZD 13.0m |
| Total assets | NZD 116.8m | NZD 122.4m | NZD 126.3m | NZD 126.7m | NZD 130.1m | NZD 137.4m | NZD 137.4m | NZD 140.9m |
| Cash and short-term investments | NZD 54.5m | NZD 64.5m | NZD 61.4m | NZD 82.0m | NZD 80.6m | NZD 84.3m | NZD 84.3m | NZD 87.7m |
| Debt | NZD 1.4m | NZD 808,423 | NZD 922,000 | NZD 1.1m | NZD 1.0m | — | NZD 1.6m | NZD 1.1m |
| Shareholders' equity | NZD 89.3m | NZD 91.5m | NZD 99.9m | NZD 112.5m | NZD 115.7m | NZD 121.5m | NZD 121.5m | NZD 125.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.3% | 57.5% | 24.8% |
| Operating income | -33.3% | -14.1% | 7.5% |
| Net income | -16.4% | -9.5% | 11.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15.4% | -30.0% | -45.5% | -39.4% |
| Net margin | -19.1% | -26.6% | -42.8% | -37.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.8 | -16.9 | -28.5 | -15.8 | -7.5 | -25.4 | -57.3 | 236.9 | 119.5 | -47.5 |
| Price to sales | 1.3 | 4.2 | 6.6 | 10.4 | 15.0 | 60.1 | 20.8 | 16.6 | 12.0 | 11.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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