V 
3.59
+12.54%
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
$35.6m
FY2016FY2025
Net income
−$17.9m
FY2016FY2025
Free cash flow
−$17.6m
FY2016FY2025
Shareholders' equity
$24.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.6m | $7.6m | $5.1m | $9.0m | $12.0m | $12.0m | — | — | — | — |
| Research and development | $8.9m | $11.8m | $20.3m | $12.2m | $15.9m | $15.7m | $15.4m | $12.8m | $3.7m | $1.7m |
| Operating income | −$11.1m | −$67.2m | −$65.8m | −$22.3m | −$30.9m | −$40.2m | −$30.1m | −$21.9m | −$4.5m | −$1.9m |
| Net income | −$17.9m | −$76.6m | −$67.0m | −$24.5m | −$35.1m | −$45.5m | −$27.9m | −$20.6m | −$4.5m | −$1.9m |
| Diluted earnings per share | -1.68 | -11.37 | -14.47 | -5.96 | -12.75 | -18.15 | -11.21 | -8.31 | -2.24 | -0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $47.1m | $54.1m | $81.6m | $44.7m | $80.1m | $74.2m | $68.4m | $91.9m | $9.1m | $544,000 |
| Cash and short-term investments | $30.1m | $46.3m | $69.5m | $34.3m | $70.4m | $65.5m | $62.0m | $89.8m | $8.7m | $527,000 |
| Total liabilities | $22.4m | $64.0m | $61.8m | $4.7m | $47.5m | $41.2m | $3.4m | $2.5m | $16.1m | $3.2m |
| Debt | $1.6m | $45.9m | $45.5m | $1.5m | $43.4m | $37.2m | $188,000 | — | $14,000 | $36,000 |
| Shareholders' equity | $24.7m | −$9.9m | $19.8m | $40.0m | $32.6m | $33.0m | $65.0m | $89.4m | −$7.0m | −$2.7m |
| Shares outstanding | 11m | 7m | 5m | 4m | 3m | 3m | 2m | 2m | 2m | 21m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$17.6m | −$60.9m | −$38.6m | −$18.6m | −$27.6m | −$30.2m | −$27.4m | −$17.9m | −$4.6m | −$1.6m |
| Capital spending | — | −$27,000 | −$362,000 | −$302,000 | −$883,000 | −$1.5m | −$682,000 | −$774,000 | −$774,000 | −$774,000 |
| Free cash flow | −$17.6m | −$61.0m | −$38.9m | −$19.0m | −$28.5m | −$31.7m | −$28.1m | −$18.6m | −$5.4m | −$2.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.9m | $5.0m | $5.1m | $14.3m | $12.7m | $3.4m | $344,000 | −$1.8m |
| Operating income | −$13.1m | −$9.7m | −$7.0m | $1.6m | $2.1m | −$7.9m | −$13.9m | −$20.7m |
| Net income | −$13.2m | −$9.7m | −$8.1m | −$274,000 | $204,000 | −$9.7m | −$16.2m | −$22.9m |
| Diluted earnings per share | -0.62 | -0.45 | -0.76 | -0.03 | 0.02 | -0.91 | -2.41 | -3.40 |
| Cash from operations | −$9.0m | −$9.0m | −$4.0m | $9.0m | −$10.0m | −$12.0m | −$16.0m | −$8.0m |
| Total assets | $36.0m | $38.8m | $47.1m | $40.9m | $39.1m | $42.2m | $54.1m | $32.9m |
| Cash and short-term investments | $11.2m | $20.6m | $30.1m | $21.1m | $15.4m | $29.6m | $46.3m | $23.0m |
| Debt | $956,000 | $744,000 | $746,000 | $34.8m | $37.9m | $41.3m | $44.6m | $44.5m |
| Shareholders' equity | $4.3m | $16.1m | $24.7m | −$17.0m | −$17.5m | −$18.6m | −$9.9m | −$34.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 57.9% | 24.3% | — |
| Operating income | -20.8% | -22.7% | — |
| Net income | -9.9% | -17.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.0 | -0.6 | -1.7 | -1.5 | -0.9 | -0.8 | -1.7 | -1.2 |
| Price to sales | 2.5 | 6.2 | 21.9 | 4.1 | 2.5 | 2.9 | — | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Return | 26% | -65% | 102% | -17% | -14% | -32% | 113% | -58% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 25 Jul 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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