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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 | 108m | 15m | 174m | 105m |
| Cost of revenue | 106m | 113m | 213m | 152m |
| Gross profit | 2m | −219,000 | −39m | −47m |
| Research and development | 10m | 856,000 | 2m | 2m |
| Selling, general and administrative | 206m | 22m | 197m | 360m |
| Operating expenses | 283m | 57m | 279m | 614m |
| Operating income | −281m | −8m | −318m | −662m |
| Pre-tax income | −408m | −73m | −144m | −693m |
| Income tax | 110,000 | 0 | 0 | 0 |
| Net income | −402m | −73m | 20m | −975m |
| Earnings per share | −0.18 | −0.01 | 0.02 | −1.36 |
| Earnings per share, diluted | −0.18 | −0.05 | 0.02 | −1.36 |
| Weighted average shares | 2.27bn | 1m | 1m | 720,237 |
| Weighted average shares, diluted | 2.27bn | 1m | 1m | 720,237 |
| 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 | — | — | 58m | 1m | 45m | 58m | 428m |
| Receivables | — | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −32m | −6m | −46m | −154m |
| Share-based compensation | 116m | 45m | 71m | 202m |
| Investing cash flow | 1m | −8m | 4m | −250m |
| Financing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 56,000 |
| — |
| — |
| Current assets | — | — | 342m | 244m | 180m | — | — |
| Property, plant and equipment | — | — | 44m | 2m | 94m | — | — |
| Total assets | — | — | 594m | 637m | 364m | — | — |
| Current liabilities | — | — | 343m | 28m | 163m | — | — |
| Short-term debt | — | — | 174m | 12m | 0 | — | — |
| Total liabilities | — | — | 351m | 209m | 182m | — | — |
| Equity | — | — | 191m | 339m | 206m | 28m | 763m |
| 78m |
| 10m |
| 32m |
| 33m |