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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 | 9m | 20m | 62m | 58m |
| Research and development | 44m | 52m | 56m | 52m |
| Selling, general and administrative | 19m | 20m | 18m | 22m |
| Operating income | −54m | −52m | −13m | −57m |
| Pre-tax income | −49m | −49m | −8m | −58m |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | −49m | −49m | −8m | −58m |
| Earnings per share | −0.55 | −0.61 | −0.09 | −0.73 |
| Earnings per share, diluted | −0.55 | −0.61 | −0.09 | −0.73 |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Apr 30, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 28m | — | 66m | 71m | 84m | 104m |
| Receivables | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −53m | −7m | −33m | −19m |
| Depreciation and amortisation | 1m | 2m | 5m | 45m |
| Share-based compensation | 3m | 4m | 4m | 4m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 12m |
| — |
| 5m |
| 56m |
| 38m |
| — |
| Current assets | — | — | 47m | — | 86m | 148m | 140m | — |
| Total assets | — | — | 63m | — | 111m | 175m | 199m | — |
| Current liabilities | — | — | 37m | — | 33m | 40m | 41m | — |
| Equity | — | — | −22m | — | 9m | 52m | 54m | 107m |
| Shares issued | — | — | — | 92m | 84m | 81m | 80m | 80m |
| 140,000 |
| 391,000 |
| 351,000 |
| 535,000 |
| Investing cash flow | 7m | 9m | 21m | 2m |
| Financing cash flow | 6m | −6m | −2m | −2m |