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At a glance
Figures in USD, from our data supplier.
Revenue
$16.4m
FY2016FY2025
Net income
−$4.9m
FY2016FY2025
Free cash flow
−$130,000
FY2016FY2025
Shareholders' equity
$11.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.4m | $24.2m | $25.3m | $19.6m | $867,000 | $343,000 | $245,000 | $74,884 | — | $37,055 |
| Research and development | $20,000 | $70,000 | $107,000 | $89,000 | $51,000 | $19,000 | $5,000 | $187,655 | $128,044 | $250,180 |
| Operating income | −$1.2m | −$3.7m | −$3.2m | −$3.7m | −$4.8m | −$3.6m | −$2.4m | −$2.6m | −$2.8m | −$3.7m |
| Net income | −$4.9m | −$3.8m | −$3.4m | −$14.4m | $3.6m | −$5.9m | −$2.5m | −$2.9m | −$3.4m | −$1.6m |
| Diluted earnings per share | -0.39 | -0.37 | -0.34 | -1.51 | 0.48 | -1.05 | -1.12 | -2.90 | -0.51 | -2.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $13.0m | $16.1m | $20.7m | $20.8m | $21.7m | $8.8m | $943,000 | $2.1m | $903,176 | $281,114 |
| Cash and short-term investments | $4.4m | $2.8m | $3.1m | $3.4m | $9.4m | $7.9m | $253,000 | $1.7m | $693,000 | $22,644 |
| Total liabilities | $2.0m | $5.9m | $8.2m | $7.2m | $521,000 | $455,000 | $1.0m | $480,252 | $1.1m | $1.6m |
| Debt | $750,000 | $2.2m | $3.0m | $2.3m | $2.5m | $72,000 | $298,000 | — | $50,000 | $68,069 |
| Shareholders' equity | $11.0m | $10.2m | $12.5m | $13.6m | $21.2m | $8.3m | −$67,000 | $1.6m | −$192,504 | −$1.3m |
| Shares outstanding | 13m | 10m | 10m | 10m | 8m | 6m | 2m | 1m | 7m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $603,000 | $871,000 | $244,000 | −$2.6m | −$3.3m | −$2.3m | −$1.6m | −$2.4m | −$935,918 | −$1.3m |
| Capital spending | −$733,000 | −$523,000 | −$774,000 | −$276,000 | −$258,000 | −$125,000 | −$302,000 | −$108,736 | −$2,650 | −$228,515 |
| Free cash flow | −$130,000 | $348,000 | −$530,000 | −$2.8m | −$3.5m | −$2.4m | −$1.9m | −$2.5m | −$938,568 | −$1.6m |
| Dividends paid | — | — | — | — | — | — | — | — | −$596.9m | −$1.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9m | $1.8m | $2.4m | $5.0m | $4.5m | $4.5m | $7.7m | $5.4m |
| Operating income | −$556,000 | −$767,000 | −$723,000 | −$472,000 | −$322,000 | −$593,000 | −$480,000 | −$618,000 |
| Net income | −$505,000 | −$679,000 | −$687,000 | −$3.4m | −$291,000 | −$571,000 | −$501,000 | −$2.4m |
| Diluted earnings per share | -0.04 | -0.05 | -0.05 | -0.27 | -0.02 | -0.05 | -0.05 | -0.23 |
| Total assets | $11.4m | $12.1m | $13.0m | $13.3m | $17.2m | $17.1m | $16.1m | $14.8m |
| Cash and short-term investments | $5.1m | $3.5m | $4.4m | $4.0m | $6.1m | $5.7m | $2.8m | $2.6m |
| Debt | $750,000 | $750,000 | $750,000 | $801,000 | $801,000 | $798,000 | $2.1m | $2.3m |
| Shareholders' equity | $10.0m | $10.4m | $11.0m | $11.1m | $14.4m | $14.6m | $10.2m | $10.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.7% | 116.7% | 54.1% |
| Operating income | -31.2% | -19.3% | -13.6% |
| Net income | -30.2% | -3.6% | 7.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -12.1% | -13.9% | -23.4% | — |
| Net margin | -21.5% | -31.0% | -33.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.5 | -22.8 | -20.2 | -4.7 | 40.9 | -21.1 | -12.0 | -7.7 | -53.5 | -5.6 |
| Price to sales | 2.9 | 3.6 | 2.7 | 3.5 | 170.3 | 363.3 | 122.6 | 300.7 | — | 247.1 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 9% | -40% | -7% | -68% | 3% | 45% | -32% | 62% | -13% | -62% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 29 Sept 2026
- 50-to-1 reverse split · 18 Jun 2020
- 85-to-1 reverse split · 23 Jul 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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