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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 | 25m | 42m | 39m | 29m |
| Cost of revenue | 14m | 21m | 21m | 19m |
| Gross profit | 12m | 21m | 18m | 11m |
| Research and development | 7m | 12m | 4m | 3m |
| Selling, general and administrative | 27m | 11m | 14m | 3m |
| Operating expenses | 44m | 33m | 25m | 9m |
| Operating income | −33m | −12m | −7m | 2m |
| Interest expense | 214,888 | 212,732 | 194,500 | 66,959 |
| Pre-tax income | −33m | −12m | −8m | 2m |
| Income tax | — | — | — | −11,612 |
| Net income | −33m | −12m | −8m | 2m |
| Earnings per share | — | — | −0.01 | — |
| Earnings per share, diluted | — | — | −0.01 | — |
| Weighted average shares | 2.80bn | 1.29bn | 713m | 656m |
| Weighted average shares, diluted | 2.80bn | 1.29bn | 713m | 656m |
| 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 | — | — | 11m | 27m | 16m | — | — |
| Receivables | — | — | 7m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −8m | −7m | −6m | 848,699 |
| Depreciation and amortisation | 275,252 | 232,918 | 202,884 | 138,051 |
| Share-based compensation | 21m | 7m | 7m | — |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 11m |
| 12m |
| — |
| — |
| Inventory | — | — | 9m | 8m | 7m | — | — |
| Current assets | — | — | 37m | 54m | 40m | — | — |
| Property, plant and equipment | — | — | 2m | 969,207 | 576,376 | — | — |
| Total assets | — | — | 43m | 57m | 41m | — | — |
| Current liabilities | — | — | 24m | 26m | 31m | — | — |
| Short-term debt | — | — | 6m | 9m | 6m | — | — |
| Total liabilities | — | — | 25m | 28m | 31m | — | — |
| Equity | — | — | 18m | 30m | −30m | −28m | −31m |
| Shares outstanding | — | — | — | 0 | 806m | — | — |
| Shares issued | — | — | — | 0 | 806m | — | — |
| Investing cash flow | −1m | −533,657 | 2m | 1m |
| Financing cash flow | −4m | 19m | 11m | 2m |