V 
1.13
+5.14%
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
−$26.6m
FY2016FY2025
Free cash flow
−$25.5m
FY2016FY2025
Shareholders' equity
$15.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $260 | $1,000 | $3.4m | $6.9m | $8.0m | $4.0m |
| Research and development | $18.1m | $15.7m | $17.0m | $14.2m | $11.0m | $6.9m | $16.5m | $10.2m | $8.0m | $5.3m |
| Operating income | −$27.6m | −$24.7m | −$27.0m | −$21.2m | −$13.3m | −$9.2m | −$30.6m | −$34.8m | −$28.7m | −$33.2m |
| Net income | −$26.6m | −$23.5m | −$25.7m | −$13.9m | −$12.8m | −$9.3m | −$33.6m | −$35.1m | −$28.5m | −$33.2m |
| Diluted earnings per share | -0.43 | -0.41 | -0.50 | -0.27 | -0.32 | -0.40 | -2.15 | -4.08 | -4.01 | -6.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $39.4m | $41.6m | $45.8m | $51.1m | $5.5m | $5.2m | $16.6m | $10.7m | $14.5m | $16.8m |
| Cash and short-term investments | $16.2m | $18.4m | $20.7m | $45.1m | $2.2m | $2.1m | $11.3m | $4.5m | $7.8m | $10.9m |
| Total liabilities | $23.7m | $24.0m | $25.0m | $6.8m | $3.0m | $3.3m | $9.3m | $7.6m | $6.6m | $5.7m |
| Debt | $18.9m | $19.3m | $20.7m | $955,000 | $1.8m | $2.5m | $2.6m | — | — | — |
| Shareholders' equity | $15.7m | $17.6m | $20.8m | $44.3m | $2.5m | $1.9m | $7.3m | $3.1m | $7.9m | $11.2m |
| Shares outstanding | 62m | 57m | 51m | 51m | 39m | 23m | 16m | 9m | 7m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$24.3m | −$20.8m | −$23.7m | −$18.8m | −$9.2m | −$7.6m | −$27.6m | −$29.8m | −$23.9m | −$25.1m |
| Capital spending | −$1.2m | −$556,000 | −$887,000 | −$338,000 | −$14,000 | −$150,000 | −$493,000 | −$163,000 | −$265,000 | −$490,000 |
| Free cash flow | −$25.5m | −$21.3m | −$24.6m | −$19.1m | −$9.2m | −$7.8m | −$28.1m | −$30.0m | −$24.2m | −$25.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $398,000 | — |
| Operating income | −$6.9m | −$6.8m | −$6.8m | −$6.7m | −$7.5m | −$6.6m | −$6.5m | −$6.3m |
| Net income | −$6.4m | −$6.8m | −$6.6m | −$6.5m | −$7.1m | −$6.3m | −$6.0m | −$6.0m |
| Diluted earnings per share | -0.07 | -0.08 | -0.11 | -0.10 | -0.11 | -0.10 | -0.11 | -0.11 |
| Cash from operations | −$6.0m | −$6.0m | −$6.0m | −$6.0m | −$6.0m | −$5.0m | −$5.0m | −$5.0m |
| Total assets | $41.6m | $42.4m | $39.4m | $25.0m | $28.9m | $35.5m | $41.6m | $42.9m |
| Cash and short-term investments | $19.9m | $19.7m | $16.2m | $2.6m | $6.8m | $13.0m | $18.4m | $19.6m |
| Debt | $1.8m | $1.8m | $1.8m | $1.4m | $1.3m | $1.3m | $1.3m | $1.4m |
| Shareholders' equity | $19.0m | $19.1m | $15.7m | $1.3m | $4.9m | $11.6m | $17.6m | $18.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 9.1% | 24.4% | 3.2% |
| Net income | 24.2% | 23.5% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.9 | -2.8 | -2.0 | -3.1 | -15.1 | -14.0 | -2.5 | -1.6 | -3.5 | -2.3 |
| Price to sales | — | — | — | — | — | — | 25.4 | 8.2 | 12.7 | 19.4 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 14% | 36% | -3% | -84% | -8% | 7% | 6% | -62% | -1% | -66% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 31 Aug 2022
- 3-to-1 reverse split · 19 Aug 2022
- 8-to-1 reverse split · 6 Jan 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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