V 
2.14
+12.63%
Close of 9 Nov 2026, in USD
Search any instrument
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
$6.3m
FY2016FY2025
Net income
−$32.3m
FY2016FY2025
Free cash flow
−$21.4m
FY2016FY2025
Shareholders' equity
$34.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.3m | $5.8m | $12.1m | $11.8m | $13.2m | $11.6m | $6.7m | $8.1m | $5.5m | $2.1m |
| Gross profit | −$1.1m | −$4.9m | −$1.7m | $2.3m | $2.9m | $2.1m | −$4.4m | $1.8m | −$676,598 | −$1.2m |
| Research and development | $12.6m | $9.8m | $12.3m | $12.8m | $11.9m | $7.8m | $8.9m | $10.4m | $6.7m | $6.9m |
| Operating income | −$32.4m | −$74.0m | −$52.3m | −$42.2m | −$40.0m | −$19.1m | −$26.6m | −$21.9m | −$19.4m | −$18.6m |
| Net income | −$32.3m | −$73.5m | −$50.1m | −$40.8m | −$40.4m | −$18.0m | −$26.5m | −$21.9m | −$19.6m | −$19.3m |
| Diluted earnings per share | -0.42 | -0.86 | -0.77 | -0.64 | -0.64 | -0.45 | -0.86 | -0.86 | -0.75 | -0.98 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $40.1m | $39.4m | $86.1m | $132.3m | $148.5m | $52.5m | $28.4m | $35.1m | $26.8m | $22.3m |
| Cash and short-term investments | $21.2m | $18.2m | $26.6m | $72.6m | $120.2m | $36.1m | $10.6m | $17.3m | $14.9m | $14.5m |
| Total liabilities | $5.4m | $2.1m | $5.4m | $15.6m | $4.7m | $4.2m | $4.2m | $4.7m | $5.5m | $4.6m |
| Debt | $500,911 | — | — | — | — | — | — | — | — | $1.4m |
| Shareholders' equity | $34.7m | $37.3m | $80.8m | $116.7m | $143.7m | $48.3m | $24.2m | $30.5m | $21.4m | $17.7m |
| Shares outstanding | 78m | 85m | 65m | 63m | 63m | 40m | 31m | 25m | 26m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$18.8m | −$23.7m | −$26.3m | −$24.5m | −$27.0m | −$14.0m | −$22.4m | −$22.5m | −$16.5m | −$14.4m |
| Capital spending | −$2.6m | −$2.9m | −$16.6m | −$18.9m | −$4.9m | −$1.5m | −$2.9m | −$3.1m | −$2.7m | −$2.2m |
| Free cash flow | −$21.4m | −$26.7m | −$42.9m | −$43.4m | −$31.8m | −$15.4m | −$25.3m | −$25.7m | −$19.2m | −$16.6m |
| Dividends paid | −$22,409 | — | — | — | −$10.0m | −$10.0m | −$10.0m | −$10.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1m | $1.4m | $2.2m | $1.2m | $1.3m | $1.6m | $1.3m | $1.4m |
| Gross profit | −$645,411 | −$787,798 | $375,398 | −$411,307 | −$761,370 | −$88,249 | −$4.8m | −$259,848 |
| Operating income | −$7.8m | −$7.2m | −$8.3m | −$7.5m | −$7.9m | −$8.8m | −$13.8m | −$9.3m |
| Net income | −$7.6m | −$7.1m | −$8.6m | −$7.4m | −$7.7m | −$8.6m | −$13.7m | −$9.2m |
| Diluted earnings per share | -0.09 | -0.08 | -0.11 | -0.09 | -0.10 | -0.11 | -0.16 | -0.11 |
| Cash from operations | −$6.0m | −$5.0m | −$5.0m | −$4.0m | −$4.0m | −$3.0m | −$4.0m | −$5.0m |
| Capital spending | — | −$1.0m | — | — | — | — | — | — |
| Free cash flow | — | −$6.0m | — | — | — | — | — | — |
| Total assets | $35.2m | $38.4m | $40.1m | $42.5m | $36.9m | $35.8m | $39.4m | $41.8m |
| Cash and short-term investments | $17.3m | $20.2m | $21.2m | $22.6m | $17.5m | $15.2m | $18.2m | $14.3m |
| Debt | $500,911 | $500,911 | $500,911 | $500,911 | $224,650 | $359,443 | $494,236 | $506,372 |
| Shareholders' equity | $31.1m | $34.0m | $34.7m | $37.9m | $33.9m | $32.8m | $37.3m | $39.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.0% | -11.5% | 8.6% |
| Operating income | -8.5% | 11.1% | 11.1% |
| Net income | -7.5% | 12.4% | 9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -49.3% | -15.0% | -0.6% | -5.0% |
| Operating margin | -883.7% | -558.0% | -428.0% | -416.3% |
| Net margin | -879.2% | -546.5% | -419.9% | -414.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.1 | -4.6 | -2.7 | -5.7 | -13.5 | -20.2 | -2.4 | -5.6 | -8.4 | -6.9 |
| Price to sales | 46.7 | 58.4 | 11.2 | 19.5 | 41.5 | 31.3 | 9.3 | 15.0 | 29.7 | 62.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -16% | 58% | -39% | -55% | -2% | 327% | -60% | -12% | -14% | -12% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 75-to-1 reverse split · 6 Feb 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.