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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 |
|---|---|---|---|
| Revenue | 23m | 302m | 332m |
| Cost of revenue | 21m | 245m | 283m |
| Gross profit | 3m | 58m | 49m |
| Research and development | 6m | 22m | 26m |
| Selling, general and administrative | 14m | 38m | 44m |
| Operating expenses | 17m | 82m | 95m |
| Operating income | −14m | −25m | −46m |
| Interest expense | 613,000 | 3m | 3m |
| Pre-tax income | −29m | −17m | −49m |
| Income tax | 143,000 | 5m | 1m |
| Net income | −62m | −22m | −50m |
| Earnings per share | −3.56 | −1.27 | −2.90 |
| Earnings per share, diluted | −3.56 | −1.27 | −2.90 |
| Weighted average shares | 17m | 17m | 17m |
| Weighted average shares, diluted | 17m | 17m | 17m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 27m | 38m | 55m | 86m |
| Receivables | — | — | 10m | 73m | 88m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | −14m | 7m | −13m |
| Depreciation and amortisation | 735,000 | 9m | 12m |
| Share-based compensation | 808,000 | 1m | 2m |
| Capital expenditure | 3m | 17m | 16m |
| Investing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Inventory | — | — | 3m | 54m | 68m | — |
| Current assets | — | — | 42m | 170m | 217m | — |
| Property, plant and equipment | — | — | 6m | 42m | 69m | — |
| Goodwill | — | — | — | 3m | 3m | 3m |
| Total assets | — | — | 94m | 292m | 356m | — |
| Current liabilities | — | — | 22m | 109m | 135m | — |
| Short-term debt | — | — | — | 0 | 15m | — |
| Long-term debt | — | — | 0 | 19m | 31m | — |
| Total liabilities | — | — | 25m | 155m | 195m | — |
| Equity | — | — | 69m | 137m | 160m | 204m |
| Shares outstanding | — | — | 17m | 17m | 17m | — |
| Shares issued | — | — | 17m | 17m | 17m | — |
| 16m |
| 4m |
| −15m |
| Financing cash flow | −4m | −25m | −2m |