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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 | 178m | 152m | 114m | 85m |
| Cost of revenue | 134m | 119m | 91m | 69m |
| Gross profit | 44m | 33m | 22m | 16m |
| Research and development | 1m | 1m | 715,000 | 479,000 |
| Selling, general and administrative | 16m | 12m | 11m | 10m |
| Operating expenses | 25m | 21m | 16m | 18m |
| Operating income | 19m | 13m | 6m | −2m |
| Interest expense | 1m | 1m | 2m | 902,000 |
| Pre-tax income | 17m | 11m | 5m | −2m |
| Income tax | 2m | 195,000 | 576,000 | 98,000 |
| Net income | 17m | 11m | 5m | −2m |
| Earnings per share | 1.39 | 1.08 | 0.52 | −0.18 |
| Earnings per share, diluted | 1.37 | 1.00 | 0.51 | −0.18 |
| Weighted average shares | 12m | 10m | 9m | 9m |
| Weighted average shares, diluted | 12m | 11m | 9m | 9m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 51m | 7m | 16m | — | — |
| Receivables | — | 33m | 30m | 20m | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 15m | −6m | 2m | −5m |
| Depreciation and amortisation | 5m | 5m | 5m | 4m |
| Share-based compensation | 1m | 395,000 | 159,000 | 218,000 |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Inventory | — | 76m | 69m | 51m | — | — |
| Current assets | — | 166m | 113m | 94m | — | — |
| Property, plant and equipment | — | 47m | 42m | 43m | — | — |
| Total assets | — | 227m | 163m | 146m | — | — |
| Current liabilities | — | 34m | 38m | 39m | — | — |
| Short-term debt | — | 2m | 2m | 2m | — | — |
| Long-term debt | — | 9m | 11m | 13m | — | — |
| Total liabilities | — | 50m | 51m | 55m | — | — |
| Equity | — | 176m | 112m | 91m | 76m | 77m |
| Shares outstanding | — | 13m | 11m | 10m | — | — |
| Shares issued | — | 13m | 11m | 10m | — | — |
| Treasury shares | — | 274,473 | 274,473 | 274,473 | — | — |
| 11m |
| 5m |
| 5m |
| 16m |
| Investing cash flow | −10m | −4m | −4m | −16m |
| Financing cash flow | 39m | 161,000 | 10m | 16m |