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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 | 4m | 9m | 17m | 12m |
| Research and development | 87m | 91m | 110m | 60m |
| Selling, general and administrative | 48m | 16m | 14m | 13m |
| Operating income | −141m | −98m | −103m | −57m |
| Income tax | 22,000 | 313,000 | 607,000 | −20,000 |
| Net income | −354m | −184m | −110m | −54m |
| Earnings per share | −1.90 | −3.08 | −2.43 | −1.31 |
| Earnings per share, diluted | −1.90 | −3.08 | −2.43 | −1.31 |
| Weighted average shares | 187m | 60m | 45m | 41m |
| 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 | — | — | 99m | 97m | 27m | 87m | 87m |
| Receivables | — | — | 2m | 531,000 |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −105m | −86m | −82m | −45m |
| Share-based compensation | 27m | 4m | 4m | 2m |
| Investing cash flow | −133m | 9m | −8m | 9m |
| Financing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 4m |
| 0 |
| — |
| Inventory | — | — | — | 0 | 417,000 | 373,000 | — |
| Current assets | — | — | 244m | 112m | 48m | 106m | — |
| Total assets | — | — | 250m | 119m | 70m | 116m | — |
| Current liabilities | — | — | 77m | 121m | 50m | 31m | — |
| Total liabilities | — | — | 278m | 226m | 102m | 71m | — |
| Equity | — | — | −29m | −107m | −32m | 45m | 89m |
| Shares outstanding | — | — | 193m | 96m | — | — | — |
| 241m |
| 146m |
| 29m |
| 37m |