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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 5m | 5m |
| Cost of revenue | 2m | 2m |
| Gross profit | 3m | 2m |
| Research and development | 56,000 | 2m |
| Selling, general and administrative | 16m | 16m |
| Operating expenses | 16m | 18m |
| Operating income | −13m | −16m |
| Net income | −10m | −6m |
| Earnings per share | −0.22 | −0.16 |
| Earnings per share, diluted | −0.22 | −0.16 |
| Weighted average shares | 50m | 46m |
| Weighted average shares, diluted | 50m | 46m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 7m | 3m | 6m | 4m | 6m | 4m | 5m | 2m |
| Short-term investments | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −10m | −8m |
| Depreciation and amortisation | 594,000 | 827,000 |
| Share-based compensation | 4m | 2m |
| Capital expenditure | 100,000 | 12,000 |
| Investing cash flow | −387,000 | 7m |
| Dividends paid | 0 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| — |
| — |
| 0 |
| 3m |
| Receivables | 2m | 3m | 2m | 906,000 | 660,000 | 513,000 | 778,000 | 3m |
| Inventory | 5m | 5m | 5m | 6m | 6m | 6m | 6m | 6m |
| Current assets | 14m | 11m | 14m | 11m | 13m | 10m | 12m | 15m |
| Property, plant and equipment | 105,000 | 123,000 | 138,000 | 87,000 | 108,000 | 146,000 | 210,000 | 292,000 |
| Goodwill | — | — | — | — | — | — | 2m | 2m |
| Total assets | 17m | 15m | 18m | 16m | 18m | 15m | 19m | 22m |
| Current liabilities | 2m | 2m | 2m | 2m | 14m | 13m | 11m | 16m |
| Total liabilities | 2m | 4m | 4m | 4m | 15m | 15m | 12m | 18m |
| Equity | 14m | 11m | 14m | 12m | 3m | 250,000 | 6m | 4m |
| Shares outstanding | 56m | 52m | 51m | 51m | 50m | 47m | 46m | 46m |
| Shares issued | 56m | 52m | 51m | 51m | 50m | 47m | 46m | 46m |
| 120,000 |
| Financing cash flow | 11m | 468,000 |