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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 91m | 87m |
| Cost of revenue | 36m | 29m |
| Gross profit | 54m | 58m |
| Research and development | 18m | 13m |
| Selling, general and administrative | 59m | 18m |
| Operating expenses | 83m | 76m |
| Operating income | −29m | −17m |
| Pre-tax income | 3m | −29m |
| Income tax | 7m | 9m |
| Net income | −4m | −39m |
| Earnings per share | −0.17 | −2.36 |
| Earnings per share, diluted | −0.17 | −2.36 |
| Weighted average shares | 23,678 | 16,387 |
| Weighted average shares, diluted | 23,678 | 16,387 |
| 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 | 54m | 75m | 84m | 41m | 14m | 21m | 9m | 5m |
| Inventory | 23m | 12m | 16m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −32m | 21m |
| Depreciation and amortisation | 12m | 13m |
| Share-based compensation | 20m | 716,000 |
| Capital expenditure | 3m | 789,000 |
| Investing cash flow | −3m | −789,000 |
| Share buybacks | 19m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 11m |
| — |
| 9m |
| — |
| — |
| Current assets | 95m | 106m | 107m | 79m | — | 43m | — | — |
| Property, plant and equipment | 10m | 9m | 8m | 7m | — | 7m | — | — |
| Goodwill | 569m | 572m | 572m | 572m | 562m | 558m | 566m | 599m |
| Total assets | 759m | 774m | 775m | 748m | — | 701m | — | — |
| Current liabilities | 32m | 31m | 32m | 67m | — | 97m | — | — |
| Short-term debt | 740,000 | 1m | 4m | 8m | — | 28m | — | — |
| Long-term debt | 500,000 | 500,000 | 674,746 | 847,766 | — | 688,000 | — | — |
| Total liabilities | 37m | 35m | 35m | 68m | — | 152m | — | — |
| Equity | 722m | 739m | 740m | 680m | 553m | 549m | 560m | 585m |
| Shares outstanding | 31m | 31m | 31m | 27m | — | 16m | — | — |
| Shares issued | 33m | 33m | 32m | 27m | — | 16m | — | — |
| Treasury shares | 1m | 1,218 | 1m | — | — | 0 | — | — |
| — |
| Financing cash flow | 86m | −11m |