T 
0.24
+8.16%
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
$2.8m
FY2016FY2025
Net income
$9.2m
FY2016FY2025
Free cash flow
−$20.8m
FY2016FY2025
Shareholders' equity
−$629,000
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8m | $226,000 | $226,000 | $226,000 | $226,000 | $231,000 | $2.2m | $1.2m | $787,000 | $5.5m |
| Gross profit | $2.8m | $214,000 | $226,000 | $226,000 | $226,000 | $231,000 | $2.2m | $1.2m | $787,000 | $5.5m |
| Research and development | $12.1m | $130.3m | $11.4m | $11.4m | $7.3m | $16.9m | $15.5m | $16.9m | $19.0m | $20.1m |
| Operating income | −$17.9m | −$49.3m | −$20.3m | −$19.6m | −$16.5m | −$25.0m | −$21.7m | −$23.3m | −$25.7m | −$23.7m |
| Net income | $9.2m | −$54.7m | −$18.9m | −$19.0m | −$16.2m | −$25.2m | −$21.5m | −$20.6m | −$24.1m | −$19.7m |
| Diluted earnings per share | 1.01 | -56.86 | -22.55 | -0.91 | -19.34 | -50.74 | -72.55 | -1,362.45 | -12,680.00 | -1,666.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $10.6m | $25.0m | $22.7m | $39.4m | $55.5m | $20.0m | $23.7m | $17.9m | $5.0m | $23.2m |
| Cash and short-term investments | $3.8m | $21.3m | $20.8m | $38.8m | $55.1m | $19.0m | $22.7m | $17.0m | $4.0m | $21.4m |
| Total liabilities | $11.2m | $56.6m | $12.0m | $11.1m | $9.4m | $13.8m | $12.1m | $12.5m | $15.8m | $18.1m |
| Shareholders' equity | −$629,000 | −$31.6m | $10.7m | $28.3m | $46.1m | $6.2m | $11.6m | $5.4m | −$11.7m | $4.3m |
| Shares outstanding | 9m | 1m | 1m | 21m | 1m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$18.2m | −$29.8m | −$17.9m | −$16.3m | −$19.5m | −$23.1m | −$20.8m | −$22.7m | −$23.8m | −$15.8m |
| Capital spending | −$2.6m | — | −$14,000 | — | — | −$15,000 | −$55,000 | — | — | — |
| Free cash flow | −$20.8m | −$29.8m | −$17.9m | −$16.3m | −$19.5m | −$23.1m | −$20.9m | −$22.7m | −$23.8m | −$15.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $57,000 | — | — | $2.7m | $57,000 | $57,000 | $57,000 |
| Gross profit | — | $57,000 | — | — | $2.7m | $56,000 | $55,000 | $55,000 |
| Operating income | −$3.2m | −$6.9m | −$7.4m | −$4.1m | −$1.2m | −$5.2m | −$8.5m | −$8.5m |
| Net income | −$3.1m | −$3.1m | −$7.4m | −$3.0m | −$915,000 | $15.1m | −$8.5m | −$8.5m |
| Diluted earnings per share | -0.20 | -0.20 | -0.82 | -0.33 | -0.10 | 1.66 | -8.81 | -8.81 |
| Cash from operations | −$7.0m | −$2.0m | −$2.0m | −$4.0m | −$5.0m | −$5.0m | −$4.0m | −$11.0m |
| Capital spending | — | −$2.0m | — | — | — | — | — | — |
| Free cash flow | — | −$4.0m | — | — | — | — | — | — |
| Total assets | $11.5m | $8.2m | $10.6m | $12.4m | $15.6m | $19.1m | $25.0m | $8.9m |
| Cash and short-term investments | — | $3.1m | — | $6.4m | $13.1m | $15.9m | $21.3m | $5.4m |
| Shareholders' equity | $1.7m | −$5.3m | −$629,000 | $4.5m | $8.3m | $6.0m | −$31.6m | −$2.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 131.1% | 64.6% | -13.2% |
| Operating income | -3.1% | -6.5% | -2.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 99.6% | 99.7% | 99.7% | 100.0% |
| Operating margin | -2228.9% | -3089.6% | -3786.9% | -1062.8% |
| Net margin | -1508.8% | -2405.3% | -3178.0% | -933.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 0.7 | -0.1 | -0.2 | -4.3 | -0.8 | -0.8 | -0.2 | -0.0 | -0.0 | -0.3 |
| Price to sales | 2.2 | 14.3 | 16.5 | 356.7 | 55.9 | 89.7 | 1.5 | 0.4 | 0.9 | 1.2 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -40% | -72% | 15% | -77% | -48% | 245% | -75% | -90% | -35% | -75% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 25-to-1 reverse split · 23 Sept 2024
- 15-to-1 reverse split · 21 May 2021
- 15-to-1 reverse split · 26 Sept 2018
- 10-to-1 reverse split · 1 Jun 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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