Loading the section
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 | 1m | 2m | 3m | 1m |
| Cost of revenue | 713,000 | 1m | 2m | 829,000 |
| Gross profit | −74,000 | 614,000 | 752,000 | 364,000 |
| Research and development | 19m | 19m | 23m | 21m |
| Selling, general and administrative | 8m | 10m | 8m | 6m |
| Operating income | −31m | −33m | −34m | −29m |
| Net income | −29m | −35m | −34m | −25m |
| Earnings per share | −0.01 | −0.30 | −1.08 | −1.44 |
| Earnings per share, diluted | −0.01 | −0.30 | −1.08 | −1.44 |
| Weighted average shares | 4.01bn | 118m | 31m | 17m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 14m | 13m | 17m | 19m | 9m |
| Inventory | — | 4m | 5m | 5m | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −29m | −34m | −35m | −28m |
| Capital expenditure | 7,000 | 79,000 | 128,000 | 62,000 |
| Investing cash flow | −7,000 | −84,000 | 10m | −5m |
| Financing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Current assets | — | 20m | 22m | 24m | — | — |
| Property, plant and equipment | — | 154,000 | 229,000 | 248,000 | — | — |
| Total assets | — | 21m | 24m | 27m | — | — |
| Current liabilities | — | 8m | 12m | 15m | — | — |
| Equity | — | 12m | 11m | 11m | 27m | 12m |
| 32m |
| 31m |
| 22m |
| 42m |