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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 | 41m | 32m | 27m | 19m |
| Cost of revenue | 17m | 8m | 8m | 8m |
| Gross profit | 24m | 24m | 19m | 10m |
| Research and development | 8m | 4m | 4m | 4m |
| Selling, general and administrative | 7m | 6m | 4m | 7m |
| Operating income | 207,000 | 7m | −5m | −13m |
| Pre-tax income | 1m | 7m | −6m | −13m |
| Income tax | 510,000 | 1m | −482,000 | −327,000 |
| Net income | 963,000 | 6m | −6m | −13m |
| Earnings per share | 0.01 | 0.09 | −0.14 | −0.42 |
| Earnings per share, diluted | 0.01 | 0.08 | −0.14 | −0.42 |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 12m | 15m | 11m | 3m | 4m |
| Receivables | — | 12m | 3m | 2m | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −2m | 9m | 5m | −8m |
| Share-based compensation | 3m | 2m | 933,000 | 2m |
| Capital expenditure | 143,000 | 99,000 | 55,000 | 49,000 |
| Investing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Current assets | — | 25m | 19m | 13m | — | — |
| Property, plant and equipment | — | 190,000 | 130,000 | 88,000 | — | — |
| Goodwill | — | 4m | 4m | 4m | — | — |
| Total assets | — | 46m | 35m | 20m | — | — |
| Current liabilities | — | 11m | 8m | 6m | — | — |
| Short-term debt | — | — | 938,000 | 290,000 | — | — |
| Total liabilities | — | 14m | 8m | 7m | — | — |
| Equity | — | 32m | 26m | 13m | 13m | 24m |
| 314,000 |
| −9m |
| 695,000 |
| 5m |
| Financing cash flow | −636,000 | 5m | 2m | 3m |