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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 4m | 4m |
| Research and development | 44m | 50m |
| Selling, general and administrative | 27m | 31m |
| Operating expenses | 101m | 263m |
| Operating income | −98m | −258m |
| Pre-tax income | −132m | −283m |
| Income tax | 29,000 | 29,000 |
| Net income | −127m | −251m |
| Earnings per share | −2.78 | −10.83 |
| Earnings per share, diluted | −2.78 | −10.83 |
| Weighted average shares | 46m | 23m |
| Weighted average shares, diluted | 46m | 23m |
| 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 | 30m | 10m | 24m | 36m | 24m | 14m | 29m | 30m |
| Receivables | 2m | 503,000 | 604,000 |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −51m | −58m |
| Depreciation and amortisation | 6m | 7m |
| Share-based compensation | 8m | 11m |
| Capital expenditure | 578,000 | 808,000 |
| Investing cash flow | −578,000 | −808,000 |
| Financing cash flow | 47m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 953,000 |
| 950,000 |
| 1m |
| 1m |
| 1m |
| Current assets | 33m | 12m | 26m | 40m | 26m | 17m | 32m | 33m |
| Goodwill | 233m | 233m | 233m | 233m | 233m | 253m | 253m | 435m |
| Total assets | 324m | 305m | 330m | 346m | 335m | 350m | 368m | 553m |
| Current liabilities | 14m | 17m | 21m | 22m | 21m | 20m | 22m | 29m |
| Short-term debt | 194,000 | 435,000 | 662,000 | 966,000 | 334,000 | 436,000 | 337,000 | 404,000 |
| Long-term debt | 73,000 | 93,000 | 116,000 | 140,000 | 180,000 | 226,000 | 291,000 | 365,000 |
| Total liabilities | 289m | 283m | 278m | 272m | 261m | 252m | 247m | 246m |
| Equity | 35m | 22m | 50m | 74m | 74m | 92m | 108m | 270m |
| Shares outstanding | — | — | 54m | 54m | 34m | 30m | 30m | 26m |
| Shares issued | — | — | 54m | 54m | 35m | 30m | 30m | 27m |
| Treasury shares | 225,891 | 193,195 | 81,133 | 58,527 | 50,540 | 45,177 | 45,177 | 45,177 |
| 41m |