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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 | 2m | 515,000 | 11m | 299,000 |
| Cost of revenue | 835,000 | 2m | 2m | 400,000 |
| Gross profit | 2m | −1m | 9m | −101,000 |
| Research and development | 8m | 11m | 10m | 10m |
| Selling, general and administrative | 5m | 6m | 6m | 7m |
| Operating income | −11m | −17m | −8m | −17m |
| Net income | −11m | −17m | −7m | −17m |
| Earnings per share | −0.94 | −1.45 | −0.62 | −1.53 |
| Earnings per share, diluted | −0.94 | −1.45 | −0.62 | −1.53 |
| Weighted average shares | 12m | 11m | 11m | 11m |
| Weighted average shares, diluted | 12m | 11m | 11m | 11m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 6m | 12m | 27m | 30m | 13m |
| Receivables | — | 1,000 | 150,000 | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −9m | −14m | −3m | −14m |
| Depreciation and amortisation | 912,000 | 1m | 1m | 1m |
| Share-based compensation | 999,000 | 2m | 2m | 2m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Inventory | — | 573,000 | 440,000 | 714,000 | — | — |
| Current assets | — | 7m | 13m | 28m | — | — |
| Property, plant and equipment | — | 1m | 2m | 3m | — | — |
| Total assets | — | 11m | 19m | 34m | — | — |
| Current liabilities | — | 3m | 3m | 3m | — | — |
| Total liabilities | — | 5m | 5m | 6m | — | — |
| Equity | — | 6m | 13m | 28m | 32m | 45m |
| Shares outstanding | — | 13m | 11m | 11m | — | — |
| Shares issued | — | 13m | 11m | 11m | — | — |
| 28,000 |
| 483,000 |
| 954,000 |
| 1m |
| Investing cash flow | −27,000 | −539,000 | −1m | 29m |
| Financing cash flow | 3m | 9,000 | 1m | 2m |