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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Research and development | — | 23m |
| Selling, general and administrative | — | 16m |
| Operating expenses | 55m | 39m |
| Net income | −55m | −40m |
| Earnings per share | −1.25 | −1.24 |
| Earnings per share, diluted | −1.25 | −1.24 |
| Weighted average shares | 44m | 32m |
| Weighted average shares, diluted | 44m | 32m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 28m | 21m | 32m | 52m | 13m | 13m | 10m | 15m |
| Short-term investments | 1m | 15m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −49m | −30m |
| Depreciation and amortisation | 228,000 | 229,000 |
| Share-based compensation | 9m | 5m |
| Capital expenditure | 3,000 | — |
| Investing cash flow | 6m | −22m |
| Financing cash flow | 52m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 16m |
| 4m |
| 10m |
| 22m |
| 33m |
| 47m |
| Current assets | 31m | 40m | 50m | 57m | 25m | 36m | 46m | 63m |
| Goodwill | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
| Total assets | 33m | 42m | 52m | 59m | 27m | 39m | 48m | 65m |
| Current liabilities | 12m | 9m | 10m | 9m | 7m | 7m | 7m | 14m |
| Total liabilities | 22m | 20m | 18m | 17m | 17m | 18m | 17m | 23m |
| Equity | 11m | 22m | 34m | 42m | 10m | 21m | 31m | 42m |
| Shares outstanding | 53m | 53m | 53m | 50m | 35m | 35m | 34m | 34m |
| Shares issued | 53m | 53m | 53m | 50m | 35m | 35m | 34m | 34m |
| 49m |