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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 | 62m | 58m | 124m | 151m |
| Cost of revenue | 43m | 42m | 95m | 99m |
| Gross profit | 19m | 17m | 29m | 52m |
| Research and development | 20m | 20m | 21m | 21m |
| Selling, general and administrative | 5m | 4m | 4m | 4m |
| Operating expenses | 31m | 30m | 57m | 32m |
| Operating income | −12m | −13m | −29m | 20m |
| Pre-tax income | −11m | −11m | −27m | 22m |
| Income tax | 871,000 | 2m | −889,000 | 4m |
| Net income | −11m | −14m | −26m | 18m |
| Earnings per share | −2.01 | −2.28 | −3.94 | 2.73 |
| Earnings per share, diluted | −2.01 | −2.28 | −3.94 | 2.69 |
| Weighted average shares | 6m | 6m | 7m | 7m |
| Weighted average shares, diluted | 6m | 6m | 7m | 7m |
| 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 | — | — | 35m | 51m | 47m | 31m | 29m |
| Short-term investments | — | — | 7m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −2m | 18m | 32m | −4m |
| Depreciation and amortisation | 2m | 2m | 2m | 2m |
| Share-based compensation | 3m | 3m | 3m | 4m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 21m |
| 8m |
| — |
| — |
| Receivables | — | — | 9m | 12m | 25m | — | — |
| Inventory | — | — | 53m | 41m | 52m | — | — |
| Current assets | — | — | 113m | 130m | 135m | — | — |
| Property, plant and equipment | — | — | 3m | 3m | 4m | — | — |
| Total assets | — | — | 152m | 150m | 168m | — | — |
| Current liabilities | — | — | 27m | 15m | 13m | — | — |
| Total liabilities | — | — | 35m | 23m | 19m | — | — |
| Equity | — | — | 117m | 128m | 148m | 179m | 158m |
| Shares outstanding | — | — | 6m | 6m | 6m | — | — |
| Shares issued | — | — | 8m | 8m | 8m | — | — |
| Treasury shares | — | — | 2m | 2m | 1m | — | — |
| 1m |
| 932,000 |
| 1m |
| 2m |
| Investing cash flow | −12m | −4m | −8m | 8m |
| Share buybacks | 2m | 10m | 9m | 3m |
| Financing cash flow | −2m | −10m | −8m | −1m |