V 
21.18
+0.71%
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
−$27.0m
FY2016FY2025
Free cash flow
−$25.3m
FY2016FY2025
Shareholders' equity
$64.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.0m | $9,000 | $2.0m | $4.0m | $6.4m | $2.8m | $12.4m | $291,000 | $634,000 |
| Research and development | $17.9m | $11.5m | $13.6m | $12.4m | $13.3m | $11.0m | $15.1m | $23.0m | $39.6m | $45.7m |
| Operating income | −$32.8m | −$24.2m | −$25.5m | −$22.5m | −$21.7m | −$12.1m | −$20.1m | −$20.4m | −$50.9m | −$55.0m |
| Net income | −$27.0m | −$18.5m | −$20.3m | −$19.2m | −$13.0m | −$8.5m | −$21.9m | −$7.9m | −$16.1m | −$16.4m |
| Diluted earnings per share | -3.20 | -3.20 | -9.71 | -9.41 | -7.78 | -7.13 | -23.12 | -17.89 | -66.63 | -1.69 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $89.9m | $38.3m | $11.0m | $33.2m | $25.5m | $14.8m | $9.3m | $8.6m | $27.9m | $54.5m |
| Cash and short-term investments | $88.9m | $36.7m | $9.4m | $12.1m | $13.4m | $5.7m | $1.8m | $1.7m | $11.8m | $51.5m |
| Total liabilities | $25.5m | $24.0m | $29.6m | $27.4m | $10.3m | $11.0m | $18.1m | $91.4m | $179.0m | $145.4m |
| Debt | — | — | $191,000 | $220,000 | $260,000 | $80,000 | $6.2m | $15.7m | $19.6m | $11.1m |
| Shareholders' equity | $64.4m | $12.2m | −$24.7m | −$10.7m | −$9.7m | −$80.1m | −$49.0m | −$82.9m | −$151.0m | −$90.9m |
| Shares outstanding | 8m | 6m | 2m | 2m | 2m | 1m | 1m | 0m | 0m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$25.3m | −$25.3m | −$19.1m | −$15.2m | −$19.3m | −$18.0m | −$23.0m | −$26.9m | −$44.6m | −$48.2m |
| Capital spending | — | — | — | −$21,000 | −$21,000 | −$21,000 | −$70,000 | −$5,000 | −$57,000 | −$87,000 |
| Free cash flow | −$25.3m | −$25.3m | −$19.1m | −$15.3m | −$19.3m | −$18.0m | −$23.1m | −$26.9m | −$44.6m | −$48.3m |
| Dividends paid | — | — | — | — | — | — | −$992,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $36.8m | −$24,000 | — | — | — | $17,000 | — |
| Operating income | −$13.9m | $23.3m | −$7.9m | −$10.7m | −$7.7m | −$6.5m | −$4.9m | −$6.5m |
| Net income | −$13.1m | $24.1m | −$7.1m | −$8.7m | −$6.0m | −$5.1m | −$3.6m | −$4.8m |
| Diluted earnings per share | -1.05 | 1.94 | -0.85 | -1.03 | -0.72 | -0.60 | -0.63 | -0.83 |
| Cash from operations | −$11.0m | $9.0m | −$9.0m | −$5.0m | −$5.0m | −$5.0m | −$4.0m | −$6.0m |
| Total assets | $87.6m | $98.8m | $89.9m | $99.5m | $26.4m | $32.0m | $38.3m | $43.2m |
| Cash and short-term investments | $86.6m | $98.1m | $88.9m | $98.5m | $25.9m | $31.1m | $36.7m | $41.6m |
| Debt | — | — | — | $360,000 | $79,000 | $125,000 | $169,000 | $181,000 |
| Shareholders' equity | $78.6m | $90.0m | $64.4m | $70.5m | $2.8m | $7.9m | $12.2m | $15.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 13.3% | 22.0% | -1.5% |
| Net income | 12.1% | 26.0% | -0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.5 | -4.3 | -1.2 | -2.8 | -5.1 | -10.4 | -2.9 | -5.9 | -0.8 | -25.1 |
| Price to sales | — | 78.4 | — | 26.8 | 16.6 | 13.8 | 23.3 | 3.8 | 43.8 | — |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 133% | 74% | -68% | -36% | -48% | 27% | 20% | 38% | -20% | -19% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 21 Nov 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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