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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | 12m | 70m | 59m | 48m |
| Cost of revenue | 7m | 22m | 20m | 17m |
| Gross profit | 5m | 48m | 39m | 31m |
| Research and development | 24m | 35m | 52m | 24m |
| Selling, general and administrative | 77m | 23m | 4m | 6m |
| Operating expenses | 102m | 61m | 61m | 34m |
| Operating income | −97m | −13m | −22m | −3m |
| Pre-tax income | −102m | −15m | −23m | −5m |
| Income tax | — | — | 4m | 660,655 |
| Net income | −101m | −15m | −26m | −6m |
| Earnings per share | −2.44 | −0.56 | −1.12 | −0.27 |
| Earnings per share, diluted | −2.44 | −0.56 | −1.12 | −0.27 |
| Weighted average shares | 42m | 26m | 24m | 22m |
| Weighted average shares, diluted | 42m | 26m | 24m | 22m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 2m | 846,593 | 2m | 1m | 1m |
| Receivables | — | — | 6m | 56m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −4m | −15m | −16m | −11m |
| Depreciation and amortisation | 120,850 | 539,935 | 692,775 | 182,269 |
| Share-based compensation | 6m | 2m | — |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 28m |
| — |
| — |
| Inventory | — | — | — | 14,362 | 67,826 | — | — |
| Current assets | — | — | 12m | 76m | 38m | — | — |
| Property, plant and equipment | — | — | 141,805 | 2m | 2m | — | — |
| Total assets | — | — | 16m | 86m | 66m | — | — |
| Current liabilities | — | — | 103m | 87m | 58m | — | — |
| Short-term debt | — | — | 29m | 33m | 27m | — | — |
| Long-term debt | — | — | 1m | — | — | — | — |
| Total liabilities | — | — | 121m | 101m | 75m | — | — |
| Equity | — | — | −101m | −12m | −5m | −9m | −3m |
| Shares outstanding | — | — | 55m | 32m | 24m | — | — |
| Shares issued | — | — | 55m | 32m | 24m | — | — |
| Capital expenditure | 41,739 | 368,171 | 2m | 106,814 |
| Investing cash flow | 42,087 | −468,571 | −20m | −3m |
| Financing cash flow | 6m | 16m | 36m | 14m |