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 | 6m | 49m | 162m | 183m |
| Cost of revenue | 6m | 16m | 69m | 71m |
| Gross profit | 168,000 | 5m | 93m | 113m |
| Research and development | — | 12m | 11m | 20m |
| Selling, general and administrative | 35m | 53m | 45m | 65m |
| Operating expenses | 35m | 17m | 214m | 232m |
| Operating income | −34m | −90m | −121m | −119m |
| Pre-tax income | 43m | −26m | −83m | −172m |
| Income tax | — | — | — | −5m |
| Net income | 2m | −188m | −83m | −166m |
| Earnings per share | 0.07 | −0.05 | −0.20 | −0.52 |
| Earnings per share, diluted | 0.07 | −0.36 | −0.20 | −0.52 |
| Weighted average shares | 569m | 520m | 407m | 320m |
| Weighted average shares, diluted | 569m | 520m | 407m | 320m |
| 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 | — | — | 976,000 | 863,000 | 10m | 70m | 63m |
| Receivables | — | — | 7m | 2m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −176m | −5m | −75m | −110m |
| Depreciation and amortisation | — | — | — | 2m |
| Share-based compensation | 25m | 4m | 10m | 10m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 29m |
| — |
| — |
| Current assets | — | — | 173m | 38m | 62m | — | — |
| Goodwill | — | — | — | — | 46m | — | — |
| Total assets | — | — | 173m | 6m | 119m | — | — |
| Current liabilities | — | — | 16m | 103m | 87m | — | — |
| Short-term debt | — | — | — | 32m | 16m | — | — |
| Long-term debt | — | — | — | 1m | 3m | — | — |
| Total liabilities | — | — | 41m | 185m | 100m | — | — |
| Equity | — | — | 132m | −141m | 19m | 93m | 193m |
| Treasury shares | — | — | 9m | 13m | 15m | — | — |
| Capital expenditure | — | 19,000 | — | 212,000 |
| Investing cash flow | −5m | −19,000 | — | −212,000 |
| Financing cash flow | 164m | 4m | 14m | 91m |