T 
0.17
-0.42%
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.
Net income
−$25.2m
FY2016FY2025
Free cash flow
−$16.7m
FY2016FY2025
Shareholders' equity
$15.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −$108,000 | −$137,000 | −$135,000 | −$268,000 | −$87,000 | −$201,000 | −$240,000 | −$272,000 | −$245,000 | −$157,000 |
| Research and development | $8.6m | $12.0m | $14.3m | $11.7m | $7.8m | $5.1m | $11.1m | $11.8m | $18.8m | $29.1m |
| Operating income | −$15.0m | −$26.3m | −$21.4m | −$21.6m | −$14.3m | −$10.2m | −$15.7m | −$17.6m | −$26.3m | −$39.3m |
| Net income | −$25.2m | −$25.7m | −$18.3m | −$19.7m | −$14.2m | −$10.0m | −$15.3m | −$13.4m | −$15.2m | −$27.3m |
| Diluted earnings per share | -2.08 | -19.03 | -26.75 | -31.29 | -1.07 | -4.75 | -9.10 | -8.63 | -41.29 | -81.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $38.2m | $35.4m | $55.2m | $71.9m | $70.4m | $8.4m | $17.2m | $30.1m | $18.8m | $22.5m |
| Cash and short-term investments | $13.1m | $11.6m | $23.2m | $41.8m | $67.3m | $6.2m | $15.0m | $28.9m | $17.1m | $19.1m |
| Total liabilities | $22.9m | $16.3m | $15.5m | $17.3m | $5.0m | $3.2m | $5.7m | $3.7m | $22.2m | $20.2m |
| Debt | $2.6m | $1.6m | $2.2m | $1.7m | $1.5m | $473,000 | $722,000 | — | — | — |
| Shareholders' equity | $15.4m | $19.1m | $39.7m | $54.6m | $65.4m | $8.0m | $14.4m | $29.4m | −$1.5m | $3.8m |
| Shares outstanding | 12m | 1m | 1m | 1m | 13m | 2m | 2m | 2m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$16.7m | −$16.9m | −$19.0m | −$19.1m | −$12.9m | −$12.2m | −$13.9m | −$17.3m | −$20.2m | −$27.9m |
| Capital spending | −$35,000 | −$1,000 | −$202,000 | −$116,000 | −$14,000 | −$9,000 | −$9,000 | −$7,000 | −$212,000 | −$569,000 |
| Free cash flow | −$16.7m | −$16.9m | −$19.2m | −$19.2m | −$12.9m | −$12.2m | −$13.9m | −$17.3m | −$20.4m | −$28.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $300,000 | — | — | — | — | $154,000 | — |
| Gross profit | — | $276,000 | −$27,000 | — | −$27,000 | −$26,000 | $185,000 | −$33,000 |
| Operating income | −$3.3m | −$2.1m | −$2.1m | −$4.4m | −$13.1m | −$4.4m | −$4.4m | −$7.9m |
| Net income | −$3.2m | −$2.0m | −$2.0m | −$4.4m | −$13.1m | −$4.3m | −$4.4m | −$7.7m |
| Diluted earnings per share | -0.07 | -0.04 | -0.16 | -0.36 | -1.08 | -0.36 | -3.30 | -5.73 |
| Cash from operations | −$2.0m | −$2.0m | −$2.0m | −$4.0m | −$4.0m | −$4.0m | −$4.0m | −$3.0m |
| Total assets | $34.9m | $38.2m | $38.2m | $30.8m | $35.8m | $32.2m | $35.4m | $40.1m |
| Cash and short-term investments | $11.3m | $14.4m | $13.1m | $7.5m | $12.1m | $10.0m | $11.6m | $16.4m |
| Debt | $2.2m | $2.2m | $2.3m | $2.3m | $2.3m | $2.1m | $692,000 | $704,000 |
| Shareholders' equity | $12.2m | $15.4m | $15.4m | $6.7m | $10.6m | $15.5m | $19.1m | $24.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -11.4% | 8.1% | -9.5% |
| Net income | 8.7% | 20.2% | -5.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.0 | -0.1 | -0.1 | -19.2 | -6.1 | -4.3 | -4.9 | -20.3 | -15.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -50% | -92% | 9% | -83% | -6% | -35% | -13% | -95% | -42% | -36% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 25-to-1 reverse split · 26 Aug 2024
- 10-to-1 reverse split · 25 Jul 2022
- 35-to-1 reverse split · 13 Aug 2018
- 3-to-1 reverse split · 25 Apr 2007
- 250-to-1 reverse split · 3 Oct 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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