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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 | 13m |
| Cost of revenue | 17m | 7m |
| Gross profit | −12m | 6m |
| Selling, general and administrative | 11m | 10m |
| Operating expenses | 42m | 18m |
| Operating income | −54m | −12m |
| Pre-tax income | −86m | −18m |
| Income tax | 7,000 | — |
| Net income | −86m | −18m |
| Earnings per share | −11.42 | −14.56 |
| Earnings per share, diluted | −11.42 | −14.56 |
| Weighted average shares | 7m | 1m |
| Weighted average shares, diluted | 7m | 1m |
| 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 | 13m | 33m | 2m | 6m | 9m | 899,000 | 2m | 169,000 |
| Receivables | 883,000 | 2m | 4m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −16m | −7m |
| Depreciation and amortisation | 493,000 | 800,000 |
| Share-based compensation | — | 86,000 |
| Capital expenditure | 98,000 | 244,000 |
| Investing cash flow | −8m | −244,000 |
| Financing cash flow | 56m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 4m |
| 5m |
| 4m |
| 2m |
| 2m |
| Inventory | — | — | 6m | 14m | 14m | 14m | 16m | 17m |
| Current assets | 20m | 36m | 14m | 28m | 34m | 24m | 27m | 25m |
| Property, plant and equipment | 122,000 | 253,000 | 1m | 1m | 1m | 1m | 2m | 2m |
| Total assets | 56m | 75m | 18m | 32m | 38m | 29m | 34m | 33m |
| Current liabilities | 6m | 7m | 7m | 12m | 15m | 22m | 24m | 26m |
| Total liabilities | 6m | 7m | 7m | 12m | 15m | 22m | 24m | 27m |
| Equity | 50m | 68m | 11m | 20m | 23m | 6m | 9m | 6m |
| 7m |