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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 33m | 29m |
| Cost of revenue | 30m | 27m |
| Gross profit | 2m | 2m |
| Selling, general and administrative | 21m | 6m |
| Operating income | −36m | −13m |
| Interest expense | 4m | 5m |
| Pre-tax income | −161m | −16m |
| Income tax | −470,000 | −372,000 |
| Net income | −162m | −16m |
| Earnings per share | −0.78 | −0.10 |
| Earnings per share, diluted | −0.78 | −0.10 |
| Weighted average shares | 208m | 169m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|
| Cash and equivalents | — | 268m | 8m | 22m |
| Receivables | — | 3m | 3m | — |
| Inventory | — | 9m | 7m | — |
| Current assets |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −19m | −7m |
| Depreciation and amortisation | 1m | 1m |
| Share-based compensation | 11m | 3m |
| Investing cash flow | −62m | −36m |
| Financing cash flow | 342m | 29m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 287m |
| 21m |
| — |
| Total assets | — | 590m | 256m | — |
| Current liabilities | — | 74m | 57m | — |
| Long-term debt | — | 135m | 135m | — |
| Total liabilities | — | 232m | 217m | — |
| Equity | — | 358m | 39m | 49m |