X 
2.38
-2.06%
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
$46.0m
FY2018FY2025
Net income
−$25.3m
FY2018FY2025
Free cash flow
$5.4m
FY2018FY2025
Shareholders' equity
$23.3m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.0m | $56.0m | $44.5m | $36.4m | $5.0m | $2.6m | $1.1m | $308,000 |
| Research and development | $8.0m | $10.6m | $19.6m | $30.7m | $20.1m | $7.0m | $362,000 | $1.5m |
| Operating income | −$33.1m | −$45.9m | −$65.0m | −$111.3m | −$53.2m | −$11.9m | −$4.4m | −$3.6m |
| Net income | −$25.3m | −$50.2m | −$75.8m | −$73.3m | $23.4m | −$16.7m | −$4.9m | −$3.9m |
| Diluted earnings per share | -2.23 | -6.24 | -12.78 | -13.09 | 6.65 | -6.98 | -0.39 | -0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $60.4m | $98.3m | $93.7m | $189.9m | $228.7m | $13.8m | $2.8m | $2.1m |
| Cash and short-term investments | $14.0m | $11.0m | $11.6m | $86.3m | $110.8m | $10.4m | $19,000 | $860,000 |
| Total liabilities | $37.1m | $64.7m | $48.5m | $77.9m | $54.3m | $41.0m | $13.3m | $8.0m |
| Debt | $22.0m | $43.0m | $30.5m | $62.9m | $2.1m | $18.7m | $7.7m | $6.3m |
| Shareholders' equity | $23.3m | $33.6m | $45.2m | $112.1m | $174.4m | −$27.2m | −$10.5m | −$5.9m |
| Shares outstanding | 11m | 8m | 6m | 6m | 4m | 2m | 13m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $5.4m | −$48.8m | −$39.3m | −$128.0m | −$88.9m | −$12.3m | −$2.2m | −$3.0m |
| Capital spending | — | −$304,000 | −$1.4m | −$14.1m | −$4.9m | −$407,000 | −$314,000 | −$784,000 |
| Free cash flow | $5.4m | −$49.1m | −$40.7m | −$142.1m | −$93.8m | −$12.7m | −$2.5m | −$3.8m |
| Dividends paid | — | — | — | — | −$335,000 | −$9.6m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7m | $11.2m | $5.2m | $16.5m | $18.4m | $5.9m | $11.5m | $15.8m |
| Operating income | −$7.9m | −$4.7m | −$9.7m | −$7.0m | −$7.1m | −$9.3m | −$14.6m | −$9.7m |
| Net income | −$6.9m | −$5.0m | −$9.8m | $2.1m | −$7.5m | −$10.2m | −$19.0m | −$10.5m |
| Diluted earnings per share | -0.55 | -0.39 | -0.86 | 0.19 | -0.66 | -0.90 | -2.36 | -1.31 |
| Cash from operations | −$2.0m | −$1.0m | $2.0m | $3.0m | $4.0m | −$4.0m | $3.0m | −$11.0m |
| Total assets | $54.4m | $54.4m | $60.4m | $73.8m | $80.3m | $87.7m | $98.3m | $120.5m |
| Cash and short-term investments | $13.2m | $9.8m | $14.0m | $14.1m | $8.8m | $4.8m | $11.0m | $8.4m |
| Debt | $17.6m | $19.0m | $21.6m | $25.1m | $26.6m | $26.4m | $25.9m | $27.3m |
| Shareholders' equity | $22.9m | $19.8m | $23.3m | $31.1m | $18.3m | $24.8m | $33.6m | $50.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.1% | 77.1% | — |
| Operating income | -33.3% | 22.7% | — |
| Net income | -29.8% | 8.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -77.4% | -139.6% | -168.1% | — |
| Net margin | -74.0% | -122.9% | -114.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -0.8 | -0.5 | -0.6 | -1.0 | 14.2 | -43.3 |
| Price to sales | 0.5 | 0.5 | 1.1 | 2.0 | 65.9 | 273.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Return | -38% | -58% | -56% | -79% | -71% | -0% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 30-to-1 reverse split · 7 Dec 2023
- 1-to-1 reverse split · 20 Aug 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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