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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 | 39m | 19m | 20m | 25m |
| Cost of revenue | 15m | 22m | 24m | 27m |
| Research and development | 3m | 2m | 2m | 2m |
| Selling, general and administrative | 28m | 49m | 15m | 9m |
| Operating expenses | 68m | 84m | 51m | 40m |
| Operating income | −29m | −65m | −31m | −15m |
| Pre-tax income | −41m | −74m | −34m | −14m |
| Net income | −41m | −74m | −34m | −14m |
| Earnings per share | −0.53 | −1.25 | −0.67 | −0.32 |
| Earnings per share, diluted | −0.53 | −1.25 | −0.67 | −0.32 |
| Weighted average shares | 78m | 59m | 51m | 44m |
| Weighted average shares, diluted | 78m | 59m | 51m | 44m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Jun 30, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 8m | 5m | 19m | — | 10m | 13m |
| Receivables | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −15m | −25m | −15m | −5m |
| Depreciation and amortisation | 4m | 9m | 10m | 9m |
| Share-based compensation | 11m | 36m | 2m | 2m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 503,820 |
| 203,522 |
| 188,358 |
| — |
| 375,154 |
| — |
| Inventory | — | — | 2m | 2m | 3m | — | — | — |
| Current assets | — | — | 14m | 11m | 26m | — | — | — |
| Total assets | — | — | 30m | 20m | 40m | — | — | — |
| Current liabilities | — | — | 14m | 11m | 18m | — | — | — |
| Short-term debt | — | — | 4m | 5m | 10m | — | — | — |
| Long-term debt | — | — | 82m | 70m | 55m | — | — | — |
| Total liabilities | — | — | 97m | 82m | 73m | — | — | — |
| Equity | — | — | −67m | −61m | −33m | — | 8m | 21m |
| Shares outstanding | — | — | — | — | — | 57m | — | — |
| 485,329 |
| 332,354 |
| 652,374 |
| — |
| Investing cash flow | −541,731 | −1m | −5m | −8m |
| Share buybacks | 367,632 | — | — | — |
| Financing cash flow | 18m | 12m | 29m | 11m |