V 
2.19
+3.30%
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
−$22.7m
FY2016FY2025
Free cash flow
−$30.0m
FY2016FY2025
Shareholders' equity
$18.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $16.9m | $16.3m | $39.4m | $61.3m | $42.6m | $31.8m | $15.9m | $13.7m | $22.1m |
| Research and development | $15.6m | $12.8m | $51.2m | $70.6m | $32.7m | $16.9m | $13.7m | $10.9m | $3.5m | $99,393 |
| Operating income | −$24.8m | −$36.5m | −$93.8m | −$83.2m | $9.1m | −$14.7m | −$6.4m | −$20.1m | −$8.6m | $3.0m |
| Net income | −$22.7m | −$37.8m | −$93.2m | −$83.8m | $7.4m | −$19.0m | −$12.0m | −$23.9m | −$6.6m | $344,725 |
| Diluted earnings per share | -1.12 | -2.58 | -0.64 | -10.40 | 0.09 | -0.25 | -1.85 | -3.83 | -1.24 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $29.8m | $60.4m | $50.0m | $135.4m | $178.1m | $51.5m | $53.6m | $48.5m | $55.3m | $38.6m |
| Cash and short-term investments | $18.3m | $24.9m | $9.6m | $80.2m | $122.4m | $13.6m | $6.3m | $3.8m | $3.3m | $2.4m |
| Total liabilities | $11.5m | $28.1m | $30.3m | $52.6m | $25.9m | $21.4m | $21.3m | $19.0m | $6.9m | $4.7m |
| Debt | $3.1m | $13.9m | $14.4m | $15.9m | $13.7m | $14.1m | $12.1m | $11.1m | — | — |
| Shareholders' equity | $18.3m | $32.3m | $19.7m | $82.8m | $152.3m | $30.1m | $32.3m | $29.5m | $48.5m | $33.9m |
| Shares outstanding | 20m | 15m | 146m | 8m | 80m | 76m | 7m | 6m | 5m | 31m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$30.0m | −$21.7m | −$88.0m | −$47.5m | −$15.6m | −$1.9m | −$5.5m | −$11.5m | $982,888 | −$1.7m |
| Capital spending | −$1,083 | −$158,322 | −$665,700 | −$733,052 | −$376,649 | −$105,760 | −$108,517 | −$50,654 | −$133,486 | −$6,374 |
| Free cash flow | −$30.0m | −$21.8m | −$88.7m | −$48.2m | −$15.9m | −$2.0m | −$5.6m | −$11.6m | $849,402 | −$1.7m |
| Dividends paid | — | — | — | — | — | −$13.8m | — | −$10.1m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $56,386 | — | $247,064 | — | — | — | $6.7m |
| Operating income | −$7.7m | −$7.2m | −$5.4m | $1.2m | −$7.5m | −$8.1m | −$10.2m | −$8.2m |
| Net income | −$7.0m | −$2.7m | −$5.3m | $1.5m | −$7.3m | −$7.9m | −$8.9m | −$8.5m |
| Diluted earnings per share | -0.30 | -0.12 | -0.26 | 0.07 | -0.36 | -0.39 | -0.61 | -0.58 |
| Cash from operations | −$5.0m | −$8.0m | −$6.0m | −$5.0m | −$5.0m | −$7.0m | −$11.0m | −$4.0m |
| Total assets | $37.0m | $43.1m | $47.6m | $29.8m | $27.3m | $32.7m | $39.8m | $60.4m |
| Cash and short-term investments | $23.9m | $30.8m | $35.4m | $18.3m | $15.0m | $20.0m | $26.6m | $24.9m |
| Debt | $775,157 | $770,257 | $764,590 | $758,946 | $753,400 | $747,951 | $742,449 | $10.9m |
| Shareholders' equity | $28.4m | $34.8m | $37.1m | $18.3m | $15.3m | $21.0m | $26.6m | $32.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -33.3% | 10.9% | — |
| Net income | -35.3% | 3.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.9 | -1.3 | -6.0 | -1.7 | 100.2 | -54.3 | -2.9 | -0.6 | -1.4 | 128.6 |
| Price to sales | — | 3.0 | 34.2 | 3.7 | 12.1 | 24.2 | 1.1 | 0.9 | 0.7 | 2.0 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -36% | -7% | -77% | 68% | -30% | 208% | 113% | -1% | 37% | -32% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Apr 2014.
| FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|
| Paid in the year | 2.10 | 2.60 | 2.20 | 2.00 | 1.50 |
- 10-to-1 reverse split · 11 Aug 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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