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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 120m | 109m |
| Cost of revenue | 87m | 70m |
| Research and development | 7m | 4m |
| Selling, general and administrative | 23m | 29m |
| Operating expenses | 86m | 41m |
| Operating income | −53m | −2m |
| Pre-tax income | −53m | −5m |
| Income tax | 12,000 | −164,000 |
| Net income | −53m | −5m |
| Earnings per share | −1.27 | −0.14 |
| Earnings per share, diluted | −1.27 | −0.14 |
| Weighted average shares | 42m | 36m |
| Weighted average shares, diluted | 42m | 36m |
| 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 | 5m | 7m | 7m | 7m | 6m | 14m | 57m | 37m |
| Receivables | 16m | 15m | 14m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −3m | 10m |
| Depreciation and amortisation | 12m | 9m |
| Share-based compensation | 3m | 3m |
| Capital expenditure | 9m | 85m |
| Investing cash flow | −8m | −85m |
| Financing cash flow | 4m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 16m |
| 15m |
| 15m |
| 17m |
| 16m |
| Inventory | 20m | 16m | 16m | 21m | 22m | 19m | 18m | 23m |
| Current assets | 46m | 44m | 44m | 51m | 48m | 52m | 87m | 71m |
| Total assets | 232m | 231m | 278m | 285m | 284m | 284m | 280m | 249m |
| Current liabilities | 45m | 42m | 40m | 46m | 43m | 45m | 30m | 27m |
| Total liabilities | 64m | 63m | 61m | 68m | 65m | 67m | 62m | 59m |
| Equity | 168m | 168m | 217m | 217m | 218m | 217m | 218m | 190m |
| Shares outstanding | 43m | 43m | 43m | 43m | 42m | 42m | 42m | 36m |
| Shares issued | 47m | 47m | 47m | 47m | 47m | 47m | 47m | 41m |
| Treasury shares | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m |
| 43m |