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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 | 0 | 5m | 7m | 190m |
| Research and development | 40m | 49m | 49m | 51m |
| Selling, general and administrative | 15m | 18m | 19m | 22m |
| Operating income | −58m | −61m | −61m | 117m |
| Pre-tax income | −62m | −54m | −62m | 118m |
| Income tax | 2,000 | 2,000 | 0 | 0 |
| Net income | −62m | −54m | −62m | 118m |
| Earnings per share | −1.65 | −1.59 | −1.89 | 3.63 |
| Earnings per share, diluted | −1.65 | −1.59 | −1.89 | 3.54 |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 83m | 64m | 67m | 88m | 72m |
| Receivables | — | 2m | 2m | 2m | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −51m | −59m | −59m | 119m |
| Depreciation and amortisation | 2m | 2m | 2m | 2m |
| Share-based compensation | 4m | 4m | 5m | 5m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Current assets | — | 97m | 154m | 192m | — | — |
| Total assets | — | 102m | 159m | 198m | — | — |
| Current liabilities | — | 11m | 11m | 14m | — | — |
| Total liabilities | — | 22m | 17m | 22m | — | — |
| Equity | — | 80m | 142m | 176m | 235m | 107m |
| 714,000 |
| 705,000 |
| 575,000 |
| 1m |
| Investing cash flow | 73m | 40m | 45m | −101m |
| Financing cash flow | −1m | 14m | −1m | −2m |