S 
2.28
+1.33%
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
$17.4m
FY2016FY2025
Net income
−$30.1m
FY2016FY2025
Free cash flow
−$7.3m
FY2016FY2025
Shareholders' equity
$18.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.4m | $20.6m | $40.9m | $48.5m | $58.4m | $51.3m | $43.3m | $26.3m | $23.0m | $28.2m |
| Gross profit | $12.9m | $14.4m | $30.3m | $34.3m | $45.7m | $46.1m | $39.4m | $22.0m | $17.9m | $20.7m |
| Research and development | $10.7m | $14.1m | $17.1m | $29.9m | $26.2m | $17.8m | $11.7m | $8.6m | $9.0m | $15.9m |
| Operating income | −$29.0m | −$49.4m | −$17.9m | −$30.9m | −$30.9m | $3.5m | $10.1m | −$2.3m | −$6.1m | −$15.9m |
| Net income | −$30.1m | −$48.7m | −$24.4m | −$29.3m | −$31.0m | $4.2m | $10.7m | −$2.7m | −$6.7m | −$15.3m |
| Diluted earnings per share | -6.31 | -19.69 | -13.43 | -20.83 | -22.80 | 3.85 | 10.27 | -4.00 | -18.66 | -9.96 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $25.0m | $48.0m | $85.6m | $103.6m | $114.5m | $72.9m | $61.2m | $25.2m | $13.9m | $14.3m |
| Cash and short-term investments | $1.5m | $2.8m | $7.1m | $14.0m | $16.1m | $25.8m | $28.3m | $12.2m | $2.2m | $2.2m |
| Total liabilities | $6.6m | $7.3m | $10.2m | $27.2m | $14.0m | $14.2m | $12.5m | $4.6m | $9.3m | $11.2m |
| Debt | $2.3m | $2.6m | $3.3m | $13.4m | $5.9m | $6.2m | $7.0m | — | $3.8m | $3.6m |
| Shareholders' equity | $18.4m | $40.8m | $75.4m | $76.4m | $100.6m | $58.7m | $48.7m | $20.6m | $4.6m | $3.1m |
| Shares outstanding | 5m | 2m | 2m | 1m | 1m | 1m | 1m | 1m | 0m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$7.2m | −$14.3m | −$7.0m | −$19.3m | −$12.9m | $7.9m | $10.0m | −$2.9m | −$7.4m | −$11.5m |
| Capital spending | −$88,000 | −$20,000 | −$4,000 | −$49,000 | −$830,000 | −$1.3m | −$1.7m | −$173,000 | −$77,000 | −$500,000 |
| Free cash flow | −$7.3m | −$14.3m | −$7.0m | −$19.3m | −$13.7m | $6.6m | $8.3m | −$3.0m | −$7.5m | −$12.0m |
| Dividends paid | −$769,000 | — | — | — | — | — | −$119,000 | −$404,000 | −$404,000 | −$404,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.3m | $4.2m | $4.0m | $4.3m | $4.4m | $4.6m | $5.0m | $4.6m |
| Gross profit | $3.5m | $3.3m | $3.0m | $3.2m | $3.2m | $3.4m | $3.8m | $3.3m |
| Operating income | −$2.4m | −$3.4m | −$4.3m | −$4.5m | −$5.2m | −$5.2m | −$4.5m | −$6.5m |
| Net income | −$2.6m | −$3.9m | −$4.6m | −$4.5m | −$15.1m | −$5.2m | −$4.4m | −$6.4m |
| Diluted earnings per share | -0.51 | -0.75 | -0.95 | -0.95 | -3.16 | -1.09 | -1.78 | -2.57 |
| Cash from operations | — | −$3.0m | −$2.0m | −$2.0m | −$2.0m | — | −$4.0m | −$3.0m |
| Total assets | $25.9m | $25.8m | $25.0m | $27.1m | $29.6m | $43.4m | $48.0m | $46.2m |
| Cash and short-term investments | $2.8m | $1.7m | $1.5m | $1.4m | $1.4m | $2.3m | $2.8m | $1.5m |
| Debt | $2.7m | $2.6m | $1.9m | $1.9m | $1.4m | $1.4m | $1.3m | $1.2m |
| Shareholders' equity | $17.3m | $18.3m | $18.4m | $19.9m | $22.4m | $36.6m | $40.8m | $37.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -29.0% | -19.5% | -7.9% |
| Operating income | -2.1% | — | 27.6% |
| Net income | 0.9% | — | 27.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 72.0% | 72.2% | 77.5% | 79.3% |
| Operating margin | -206.7% | -99.9% | -65.2% | -43.1% |
| Net margin | -207.8% | -104.1% | -67.2% | -44.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -0.2 | -0.6 | -0.6 | -1.3 | 8.3 | 2.3 | -2.6 | -0.9 | -0.9 |
| Price to sales | 0.5 | 0.5 | 0.3 | 0.4 | 0.7 | 0.7 | 0.6 | 0.3 | 0.3 | 0.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -42% | -58% | -39% | -59% | -10% | 34% | 119% | -41% | 93% | -44% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 5 Jun 2026
- 8-to-1 reverse split · 11 Apr 2024
- 4-to-1 reverse split · 17 Aug 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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