A 
1.67
-4.02%
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
$5,000
FY2016FY2025
Net income
−$4.2m
FY2016FY2025
Free cash flow
−$3.0m
FY2016FY2025
Shareholders' equity
$2.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5,000 | $10,000 | $5,000 | $2.9m | $398,000 | — | — | $146,000 | $6.4m | $6.9m |
| Research and development | $1.4m | $362,000 | $16.3m | $25.0m | $49.6m | $52.7m | $38.3m | $34.1m | $45.1m | $157.8m |
| Operating income | −$4.2m | −$4.8m | −$33.2m | −$34.6m | −$77.6m | −$80.4m | −$57.9m | −$53.9m | −$53.5m | −$165.3m |
| Net income | −$4.2m | −$4.7m | −$35.1m | −$37.7m | −$78.8m | −$78.8m | −$117.8m | −$53.1m | −$54.3m | −$165.3m |
| Diluted earnings per share | -2.14 | -2.92 | -21.94 | -25.33 | -55.03 | -55.52 | -98.43 | -52.80 | -57.94 | -189.95 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $3.0m | $2.8m | $8.3m | $64.9m | $94.9m | $146.3m | $109.1m | $95.1m | $105.6m | $106.3m |
| Cash and short-term investments | $1.4m | $1.1m | $6.1m | $39.1m | $76.1m | $115.1m | $79.7m | $61.7m | $70.9m | $81.1m |
| Total liabilities | $813,000 | $692,000 | $2.0m | $26.4m | $36.8m | $22.4m | $14.1m | $9.5m | $202.4m | $183.6m |
| Debt | — | — | — | $20.1m | $30.1m | $4.8m | $2.4m | — | — | — |
| Shareholders' equity | $2.2m | $2.1m | $6.3m | $38.6m | $58.1m | $124.0m | $95.0m | $85.6m | −$96.8m | −$77.3m |
| Shares outstanding | 2m | 2m | 2m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$2.9m | −$5.0m | −$30.1m | −$29.2m | −$61.5m | −$57.0m | −$40.9m | −$49.5m | −$54.7m | −$58.3m |
| Capital spending | −$98,000 | — | −$197,000 | −$216,000 | −$3.3m | −$9.8m | −$284,000 | −$459,000 | −$737,000 | −$551,000 |
| Free cash flow | −$3.0m | −$5.0m | −$30.3m | −$29.4m | −$64.8m | −$66.8m | −$41.1m | −$49.9m | −$55.4m | −$58.9m |
| Dividends paid | — | — | — | — | — | — | — | −$17.0m | — | −$7.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $3,000 | — | — | $2,000 | $4,000 | — |
| Operating income | −$952,000 | −$1.0m | −$907,000 | −$1.2m | −$1.0m | −$1.1m | −$755,000 | −$1.1m |
| Net income | −$952,000 | −$1.0m | −$893,000 | −$1.2m | −$1.1m | −$1.1m | −$742,000 | −$1.1m |
| Diluted earnings per share | -0.39 | -0.41 | -0.46 | -0.59 | -0.54 | -0.55 | -0.46 | -0.70 |
| Cash from operations | — | −$1.0m | — | — | — | — | — | — |
| Capital spending | — | — | — | — | — | −$2.0m | — | −$2.0m |
| Total assets | $1.5m | $1.9m | $3.0m | $3.7m | $4.7m | $2.1m | $2.8m | $3.5m |
| Cash and short-term investments | $124,000 | $354,000 | $1.4m | $1.9m | $2.9m | $319,000 | $1.1m | $1.7m |
| Shareholders' equity | $652,000 | $1.3m | $2.2m | $2.8m | $3.7m | $1.1m | $2.1m | $2.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -88.0% | — | -49.2% |
| Operating income | -50.4% | -44.5% | -28.4% |
| Net income | -52.0% | -44.4% | -28.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -60246.7% | -2611.6% | — | — |
| Net margin | -59033.3% | -2777.9% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | -0.4 | -0.3 | -0.8 | -0.4 | -0.9 | -1.0 | -0.7 | -1.4 | -0.6 |
| Price to sales | — | 183.7 | — | 10.7 | 78.9 | — | — | 259.3 | 12.2 | 13.7 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 99% | -73% | -74% | -32% | -54% | -44% | 131% | -50% | -31% | -22% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 18 Jul 2024
- 15-to-1 reverse split · 1 Feb 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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