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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 18m | 13m |
| Cost of revenue | 5m | 5m |
| Selling, general and administrative | 26m | 33m |
| Operating expenses | 49m | 65m |
| Operating income | −31m | −52m |
| Pre-tax income | −4m | −113m |
| Income tax | 673,000 | 3m |
| Net income | −5m | −116m |
| Earnings per share | −0.04 | −1.28 |
| Earnings per share, diluted | −0.18 | −1.28 |
| Weighted average shares | 109m | 91m |
| Weighted average shares, diluted | 134m | 91m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 122m | 94m | 28m | 33m | 18m | 22m | 18m | 27m |
| Receivables | 10m | 9m | 3m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −27m | −36m |
| Depreciation and amortisation | 8m | 13m |
| Share-based compensation | 4m | 2m |
| Capital expenditure | 7m | 5m |
| Investing cash flow | −7m | −5m |
| Financing cash flow | 113m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 1m |
| 2m |
| 1m |
| — |
| — |
| Inventory | 2m | 2m | — | — | — | 0 | — | — |
| Current assets | 145m | 115m | 36m | 37m | 24m | 28m | — | — |
| Property, plant and equipment | 29m | 25m | 25m | 25m | 26m | 27m | — | — |
| Total assets | 188m | 151m | 71m | 74m | 61m | 62m | — | — |
| Current liabilities | 59m | 23m | 33m | 38m | 42m | 35m | — | — |
| Total liabilities | 214m | 91m | 128m | 142m | 144m | 115m | — | — |
| Equity | −26m | 61m | −57m | −68m | −83m | −53m | 8m | 19m |
| Treasury shares | 567,823 | 567,823 | 567,823 | 567,823 | 567,823 | 567,823 | — | — |
| 37m |