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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 | 8m | 7m | 11m | 9m |
| Cost of revenue | 7m | 5m | 9m | 8m |
| Gross profit | 1m | 2m | 2m | 2m |
| Research and development | 10m | 4m | 5m | 4m |
| Selling, general and administrative | 24m | 10m | 14m | 14m |
| Operating income | −36m | −15m | −19m | −17m |
| Net income | −38m | −19m | −18m | −18m |
| Earnings per share | — | −0.80 | −1.15 | −1.50 |
| Earnings per share, diluted | — | −0.80 | −1.15 | −1.50 |
| Weighted average shares | 37m | 21m | 14m | 11m |
| 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 | — | — | 14m | 14m | 2m | 3m | 8m |
| Receivables | — | — | 3m | 581,000 |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −23m | −12m | −11m | −9m |
| Depreciation and amortisation | 815,000 | 862,000 | 1m | 786,000 |
| Share-based compensation | 20m | 2m | 5m | 5m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 660,000 |
| — |
| — |
| Inventory | — | — | 4m | 796,000 | 250,000 | — | — |
| Current assets | — | — | 79m | 17m | 5m | — | — |
| Property, plant and equipment | — | — | 4m | 2m | 2m | — | — |
| Total assets | — | — | 85m | 19m | 9m | — | — |
| Current liabilities | — | — | 7m | 12m | 6m | — | — |
| Short-term debt | — | — | 9,000 | 826,000 | 1m | — | — |
| Long-term debt | — | — | 29,000 | 108,000 | 228,000 | — | — |
| Total liabilities | — | — | 9m | 12m | 11m | — | — |
| Equity | — | — | 76m | 7m | −2m | 3m | 11m |
| 452,000 |
| 140,000 |
| 174,000 |
| 727,000 |
| Investing cash flow | −57m | −269,000 | −320,000 | −2m |
| Financing cash flow | 81m | 23m | 11m | 6m |