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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue | 86,000 | 0 | 252,000 | 52,000 | 23,000 | 6,000 |
| Research and development | 967,000 | 843,000 | 1m | 1m | 2m | 2m |
| Selling, general and administrative | 2m | 2m | 2m | 2m | 3m | 3m |
| Operating expenses | 3m | 3m | 3m | 12m | 5m | 5m |
| Net income | −3m | −3m | −3m | −12m | −5m | −5m |
| Earnings per share | −0.06 | −0.07 | — | −0.25 | −0.10 | — |
| Earnings per share, diluted | — | — | −0.07 | −0.25 | — | −0.11 |
| Weighted average shares | 48m | 48m | — | 48m | 48m | — |
| Weighted average shares, diluted | — | — | 48m | 47.62bn | — | 48m |
| Metric | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 2m | 5m | 7m | 10m | 13m | 323,000 | 1m | 5m |
| Receivables | 755,000 | — |
| Metric | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | — | — | −3m | — | — | −4m |
| Depreciation and amortisation | 94,000 | 96,000 | 100,000 | 132,000 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 974,000 |
| 639,000 |
| — |
| — |
| — |
| Inventory | 0 | 85,000 | 86,000 | 86,000 | 82,000 | 78,000 | 81,000 | 99,000 |
| Current assets | 4m | 6m | 9m | 11m | 14m | 994,000 | 2m | 6m |
| Property, plant and equipment | 2m | 2m | 2m | 2m | 2m | 2m | 10m | 11m |
| Total assets | 9m | 11m | 13m | 16m | 19m | 5m | 15m | 19m |
| Current liabilities | 3m | 4m | 4m | 4m | 4m | 8m | 5m | 3m |
| Short-term debt | 605,000 | 510,000 | 464,000 | 409,000 | 312,000 | 519,000 | 393,000 | 244,000 |
| Long-term debt | 2m | 2m | 3m | 3m | 3m | 3m | 4m | 6m |
| Total liabilities | 18m | 19m | 19m | 19m | 18m | 12m | 10m | 9m |
| Equity | −10m | −7m | −5m | −3m | 367,000 | −7m | 5m | 9m |
| Shares outstanding | 48m | 48m | 48m | 48m | 48m | 48m | 48m | 48m |
| Shares issued | 48m | 48m | 48m | 48m | 48m | 48m | 48m | 48m |
| 129,000 |
| 137,000 |
| Share-based compensation | — | — | 375,000 | — | — | 370,000 |
| Investing cash flow | — | — | −115,000 | — | — | −176,000 |
| Financing cash flow | — | — | −55,000 | — | — | 2m |