T 
0.36
-5.04%
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
—
FY2016FY2025
Net income
−$26.3m
FY2016FY2025
Free cash flow
−$26.8m
FY2016FY2025
Shareholders' equity
$6.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | $295,000 | $653,000 |
| Gross profit | — | −$389,000 | −$381,000 | −$1.8m | −$1.3m | −$815,000 | −$1.1m | −$32,000 | $267,000 | −$4.7m |
| Research and development | $12.6m | $28.5m | $17.5m | $22.5m | $17.2m | $14.4m | $27.8m | $14.4m | $14.5m | $21.6m |
| Operating income | −$26.6m | −$42.0m | −$28.0m | −$34.1m | −$27.0m | −$19.3m | −$45.4m | −$23.1m | −$20.5m | −$81.0m |
| Net income | −$26.3m | −$41.8m | −$29.5m | −$35.7m | −$28.3m | −$19.1m | −$44.6m | −$27.2m | −$84.6m | −$82.3m |
| Diluted earnings per share | -6.33 | -1.50 | -1.37 | -3.39 | -4.21 | -20.66 | -48.16 | -170.91 | -532.61 | -518.99 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $16.9m | $41.5m | $51.6m | $46.1m | $73.2m | $22.9m | $75.0m | $84.1m | $19.8m | $122.5m |
| Cash and short-term investments | $7.7m | $30.3m | $39.2m | $31.2m | $51.8m | $18.8m | $63.5m | $77.7m | $67.2m | $114.4m |
| Total liabilities | $10.3m | $22.4m | $24.8m | $28.0m | $37.1m | $91.7m | $15.1m | $11.0m | $4.8m | $14.3m |
| Debt | $8.1m | $15.4m | $20.7m | $22.1m | $18.5m | $2.4m | $4.5m | $572,000 | $773,000 | — |
| Shareholders' equity | $6.7m | $19.1m | $26.8m | $18.1m | $36.1m | −$68.8m | $58.5m | $71.0m | $2.2m | $108.2m |
| Shares outstanding | 4m | 28m | 22m | 11m | 7m | 1m | 1m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$26.8m | −$33.0m | −$27.4m | −$31.1m | −$26.0m | −$19.0m | −$41.2m | −$23.6m | −$20.3m | −$61.7m |
| Capital spending | — | −$435,000 | −$170,000 | −$562,000 | −$135,000 | −$50,000 | −$397,000 | −$36,000 | −$4,000 | −$2.6m |
| Free cash flow | −$26.8m | −$33.5m | −$27.5m | −$31.6m | −$26.1m | −$19.1m | −$41.6m | −$23.7m | −$20.3m | −$64.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $486,000 | $486,000 | — |
| Gross profit | — | −$22.2m | −$65,000 | −$66,000 | −$67,000 | −$68,000 | $243,000 | −$98,000 |
| Operating income | −$5.3m | −$27.7m | −$4.1m | −$3.6m | −$8.0m | −$10.9m | −$13.9m | −$10.6m |
| Net income | −$5.2m | −$27.7m | −$4.0m | −$3.5m | −$7.9m | −$10.9m | −$13.8m | −$10.6m |
| Diluted earnings per share | -0.34 | -1.82 | -0.97 | -0.85 | -1.90 | -2.62 | -0.50 | -0.38 |
| Cash from operations | −$2.0m | −$7.0m | −$3.0m | −$6.0m | −$8.0m | −$8.0m | −$10.0m | −$10.0m |
| Total assets | $9.6m | $10.7m | $16.9m | $17.1m | $24.5m | $32.2m | $41.5m | $33.8m |
| Cash and short-term investments | $779,000 | $1.8m | $7.7m | $7.5m | $14.3m | $21.5m | $30.3m | $22.1m |
| Debt | $1.3m | $1.2m | $1.2m | $1.1m | $1.1m | $5.3m | $7.2m | $9.3m |
| Shareholders' equity | −$1.1m | $822,000 | $6.7m | $6.3m | $9.8m | $11.1m | $19.1m | $11.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -8.0% | 6.6% | -9.5% |
| Net income | -9.7% | 6.6% | -9.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -3.7 | -21.5 | -1.4 | -5.0 | -3.9 | -1.6 | -0.5 | -0.5 | -0.5 |
| Price to sales | — | — | — | — | — | — | — | — | 128.1 | 63.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -36% | -82% | 400% | -80% | -68% | 8% | -14% | -63% | 7% | -68% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 13-to-1 reverse split · 9 Apr 2025
- 15-to-1 reverse split · 28 Jun 2021
- 15-to-1 reverse split · 10 Dec 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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