V 
2.70
-1.46%
Close of 9 Nov 2026, in NZD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NZD, from our data supplier.
Revenue
NZD 150.0m
FY2015FY2024
Net income
−NZD 1.0m
FY2015FY2024
Free cash flow
−NZD 1.3m
FY2015FY2024
Shareholders' equity
NZD 143.8m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 150.0m | NZD 143.0m | NZD 135.1m | NZD 98.1m | NZD 87.5m | NZD 144.5m | NZD 130.7m | NZD 106.6m | NZD 88.6m | NZD 65.4m |
| Gross profit | NZD 89.7m | NZD 89.7m | NZD 84.5m | NZD 61.7m | NZD 50.0m | — | — | — | — | — |
| Research and development | NZD 27.7m | NZD 28.4m | NZD 27.6m | NZD 22.3m | NZD 18.8m | — | — | — | — | — |
| Operating income | NZD 3.5m | −NZD 6.7m | −NZD 7.2m | −NZD 6.9m | −NZD 29.9m | NZD 21.3m | NZD 24.0m | NZD 20.6m | NZD 15.7m | NZD 11.1m |
| Net income | −NZD 1.0m | −NZD 13.9m | −NZD 21.4m | −NZD 9.1m | −NZD 51.2m | NZD 10.8m | NZD 12.3m | NZD 9.7m | NZD 48.6m | NZD 5.8m |
| Diluted earnings per share | -0.00 | -0.06 | -0.09 | -0.04 | -0.24 | 0.06 | 0.07 | 0.06 | 0.29 | 0.03 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 224.3m | NZD 220.4m | NZD 235.1m | NZD 243.1m | NZD 252.0m | NZD 243.6m | NZD 221.1m | NZD 204.2m | NZD 191.6m | NZD 110.7m |
| Cash and short-term investments | NZD 22.4m | NZD 28.5m | NZD 46.0m | NZD 60.9m | NZD 67.1m | NZD 19.5m | NZD 34.4m | NZD 21.0m | NZD 21.3m | NZD 27.3m |
| Total liabilities | NZD 80.5m | NZD 84.6m | NZD 89.1m | NZD 85.1m | NZD 90.8m | NZD 91.3m | NZD 74.8m | NZD 67.4m | NZD 64.0m | NZD 39.7m |
| Debt | NZD 29.5m | NZD 31.1m | NZD 36.7m | NZD 39.4m | NZD 41.1m | NZD 35.3m | NZD 12.0m | NZD 11.3m | NZD 4.8m | NZD 4.8m |
| Shareholders' equity | NZD 143.8m | NZD 135.8m | NZD 146.0m | NZD 158.0m | NZD 161.2m | NZD 152.3m | NZD 146.3m | NZD 136.9m | NZD 127.6m | NZD 71.1m |
| Shares outstanding | 237m | 239m | 237m | 231m | 218m | 176m | 176m | 174m | 170m | 169m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 16.8m | NZD 9.0m | NZD 12.4m | NZD 11.3m | NZD 3.0m | NZD 15.5m | NZD 27.6m | NZD 11.0m | NZD 5.4m | NZD 6.6m |
| Capital spending | −NZD 18.1m | −NZD 20.3m | −NZD 18.9m | −NZD 12.8m | −NZD 14.2m | −NZD 16.7m | −NZD 10.4m | −NZD 6.6m | −NZD 8.2m | −NZD 3.7m |
| Free cash flow | −NZD 1.3m | −NZD 11.3m | −NZD 6.5m | −NZD 1.5m | −NZD 11.2m | −NZD 1.2m | NZD 17.2m | NZD 4.4m | −NZD 2.8m | NZD 2.9m |
| Dividends paid | — | — | — | — | — | −NZD 5.5m | −NZD 5.5m | −NZD 5.8m | — | — |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Sept 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 77.0m | NZD 80.4m | NZD 69.6m | NZD 73.3m | NZD 69.7m | NZD 72.7m | — | NZD 62.4m |
| Gross profit | NZD 44.0m | NZD 49.0m | NZD 40.7m | NZD 46.4m | NZD 43.3m | NZD 46.1m | NZD 23.1m | NZD 38.4m |
| Operating income | −NZD 1.0m | NZD 5.2m | −NZD 1.7m | −NZD 300,000 | −NZD 6.4m | −NZD 2.1m | −NZD 1.7m | −NZD 5.1m |
| Net income | −NZD 1.5m | NZD 1.4m | −NZD 2.4m | −NZD 5.2m | −NZD 8.7m | −NZD 3.6m | −NZD 1.4m | −NZD 17.8m |
| Diluted earnings per share | -0.01 | 0.01 | -0.01 | -0.02 | -0.04 | -0.01 | -0.01 | -0.08 |
| Total assets | NZD 222.0m | NZD 224.3m | NZD 210.0m | NZD 220.4m | NZD 227.0m | NZD 235.1m | NZD 235.1m | NZD 236.0m |
| Cash and short-term investments | NZD 22.5m | NZD 22.4m | NZD 20.6m | NZD 28.5m | NZD 37.1m | NZD 46.0m | NZD 46.0m | NZD 51.9m |
| Debt | NZD 18.9m | NZD 22.1m | NZD 23.3m | NZD 24.6m | NZD 29.2m | NZD 30.9m | NZD 31.4m | NZD 33.2m |
| Shareholders' equity | NZD 140.8m | NZD 143.8m | NZD 136.6m | NZD 135.8m | NZD 143.2m | NZD 146.0m | NZD 148.0m | NZD 148.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.2% | 0.7% | 12.3% |
| Operating income | — | -30.3% | -6.1% |
| Net income | -52.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 61.2% | 61.9% | — | — |
| Operating margin | -1.1% | -3.3% | -3.4% | 4.4% |
| Net margin | -5.1% | -8.6% | -11.3% | -0.5% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -735.6 | -28.3 | -16.9 | -60.6 | -7.1 | 55.8 | 51.0 | 46.2 | 9.3 | 81.0 |
| Price to sales | 4.9 | 2.8 | 2.7 | 5.6 | 4.2 | 4.2 | 4.8 | 4.2 | 5.1 | 7.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Sept 2019.
| FY2019 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.044 | 0.044 | 0.049 |
- 2-for-1 split · 23 Nov 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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