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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 | 398,000 | 436,000 | 497,000 | 550,000 |
| Cost of revenue | 140,000 | 172,000 | 143,000 | 252,000 |
| Gross profit | 258,000 | 264,000 | 354,000 | 298,000 |
| Research and development | 9m | 9m | 12m | 12m |
| Selling, general and administrative | 3m | 3m | 3m | 4m |
| Operating income | −12m | −13m | −16m | −17m |
| Net income | −12m | −11m | −18m | −22m |
| Earnings per share | −0.12 | −0.14 | −0.42 | −0.07 |
| Earnings per share, diluted | −0.12 | −0.14 | −0.42 | −0.07 |
| Weighted average shares | 101m | 67m | 47m | 323m |
| Weighted average shares, diluted | 101m | 67m | 47m | 323m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 6m | 7m | 16m | 19m | 28m |
| Short-term investments | — | 26,000 | 71,000 | 474,000 | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −10m | −11m | −15m | −17m |
| Depreciation and amortisation | 161,000 | 200,000 | 263,000 | 218,000 |
| Share-based compensation | 947,000 | 788,000 | 1m | 2m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Receivables | — | 118,000 | 113,000 | 308,000 | — | — |
| Current assets | — | 7m | 8m | 17m | — | — |
| Property, plant and equipment | — | 187,000 | 323,000 | 461,000 | — | — |
| Total assets | — | 8m | 10m | 19m | — | — |
| Current liabilities | — | 2m | 2m | 2m | — | — |
| Total liabilities | — | 3m | 3m | 3m | — | — |
| Equity | — | 6m | 6m | 16m | 29m | 49m |
| Shares outstanding | — | 141m | 73m | 460m | — | — |
| Shares issued | — | 141m | 73m | 460m | — | — |
| 25,000 |
| 62,000 |
| 124,000 |
| 313,000 |
| Investing cash flow | −25,000 | 2m | 7m | 9m |
| Financing cash flow | 9m | 903,000 | 4m | — |