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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 | 96m | 51m | 27m | 15m |
| Cost of revenue | 25m | 11m | 6m | 3m |
| Gross profit | 71m | 40m | 21m | 12m |
| Research and development | 5m | 4m | 3m | 3m |
| Selling, general and administrative | 17m | 11m | 8m | 8m |
| Operating expenses | 85m | 48m | 34m | 24m |
| Operating income | −14m | −8m | −14m | −12m |
| Pre-tax income | −16m | −7m | −15m | −13m |
| Income tax | 1m | 276,000 | 118,000 | 60,000 |
| Net income | −17m | −7m | −15m | −43m |
| Earnings per share | −0.05 | −0.02 | −0.04 | −0.04 |
| Earnings per share, diluted | −0.05 | −0.02 | −0.04 | −0.04 |
| Weighted average shares | 355m | 347m | 341m | 336m |
| Weighted average shares, diluted | 355m | 347m | 341m | 336m |
| 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 | — | — | 39m | 28m | 21m | 18m | — |
| Current assets | — | — | 60m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 12m | 6m | 559,000 | −46m |
| Depreciation and amortisation | 434,000 | 137,000 | 99,000 | 103,000 |
| Share-based compensation | 1m | 934,000 | 910,000 | 712,000 |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 40m |
| 30m |
| — |
| — |
| Property, plant and equipment | — | — | 2m | 363,000 | 138,000 | — | — |
| Total assets | — | — | 66m | 44m | 31m | — | — |
| Current liabilities | — | — | 95m | 57m | 39m | — | — |
| Total liabilities | — | — | 97m | 59m | 39m | — | — |
| Equity | — | — | −31m | −15m | −8m | 7m | −113m |
| Shares outstanding | — | — | 359m | 351m | 343m | — | — |
| Shares issued | — | — | 359m | 351m | 343m | — | — |
| 2m |
| 308,000 |
| 287,000 |
| 5,000 |
| Investing cash flow | −952,000 | 468,000 | 2m | 3m |
| Financing cash flow | 218,000 | 240,000 | — | 20m |