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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 4m | — | — | — | — | — | 175,214 |
| Cost of revenue | 3m | — | — | — | — | — | 49,738 |
| Gross profit | 371,000 | — | — | — | — | — | 125,476 |
| Research and development | 274,000 | — | — | — | — | — | — |
| Selling, general and administrative | 4m | — | — | 2m | 5m | — | — |
| Operating expenses | 4m | 5m | 1m | 2m | 5m | 1m | 1m |
| Operating income | −4m | −5m | −1m | −2m | −5m | −1m | −1m |
| Pre-tax income | −26m | −16m | 3m | 103m | −161m | −1m | −1m |
| Income tax | 38,000 | — | — | — | — | — | — |
| Net income | −27m | −16m | 3m | 103m | −161m | 4m | −2m |
| Earnings per share | −1.01 | −2.02 | 0.58 | 20.76 | −51.96 | 2.18 | −0.90 |
| Earnings per share, diluted | −1.14 | −2.02 | 0.54 | 18.15 | −51.96 | 2.18 | −0.90 |
| Weighted average shares | 28m | 8m | 5m | 5m | 3m | 2m | 2m |
| Weighted average shares, diluted | 31m | 8m | 6m | 6m | 3m | 2m | 2m |
| 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 | 6m | 3m | 8m | 2m | 4m | 7m | 373 | 1,947 |
| Short-term investments | 120,000 | 250,000 |
| Metric | Mar 31, 2026 | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|---|
| Operating cash flow | −5m | −1m | −340,000 |
| Depreciation and amortisation | 22,000 | 299 | — |
| Share-based compensation | 2m | 177,905 | 6,000 |
| Capital expenditure | 154,000 | 10,221 | — |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
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| Receivables | 4m | 506,000 | — | — | — | — | — | — |
| Inventory | 4m | — | — | — | — | — | — | — |
| Current assets | 23m | 14m | 13m | 7m | 8m | 9m | 965,709 | 706,447 |
| Property, plant and equipment | 559,000 | 101,000 | 15,883 | 13,383 | 9,922 | — | — | — |
| Goodwill | 100m | 8m | — | — | — | — | — | — |
| Total assets | 315m | 202m | 13m | 7m | 9m | 9m | 984,999 | 1m |
| Current liabilities | 92m | 44m | 44m | 60m | 65m | 171m | 7m | 12m |
| Short-term debt | 4m | 12,000 | — | — | — | — | — | — |
| Long-term debt | 3m | — | — | — | — | — | — | — |
| Total liabilities | 98m | 45m | 44m | 61m | 66m | 172m | 8m | 13m |
| Equity | 36m | −20m | −30m | −53m | −57m | −163m | −7m | −12m |
| Shares outstanding | 38m | 19m | 11m | 5m | 5m | 5m | 2m | 15m |
| Shares issued | 38m | 19m | 11m | 5m | 5m | 5m | 2m | 15m |
| Investing cash flow | −4m | −810,221 | −936,000 |
| Dividends paid | 297,000 | — | — |
| Financing cash flow | 12m | — | 9m |