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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 36m | 36m |
| Cost of revenue | 34m | 34m |
| Gross profit | 2m | 2m |
| Research and development | — | 418,000 |
| Selling, general and administrative | 1m | 2m |
| Operating expenses | 156m | 11m |
| Operating income | −155m | −9m |
| Pre-tax income | −115m | −9m |
| Income tax | 59,000 | 22,000 |
| Net income | −120m | −16m |
| Earnings per share | −43.49 | −50.02 |
| Earnings per share, diluted | −43.49 | −50.02 |
| Weighted average shares | 2,753 | 318 |
| Weighted average shares, diluted | 2,753 | 318 |
| 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 | 2m | 6m | 13m | 1m | 4m | 5m | 4m | 6m |
| Receivables | 783,000 | 799,000 | 2m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −9m | −5m |
| Depreciation and amortisation | 582,000 | 768,000 |
| Share-based compensation | 1m | 3m |
| Capital expenditure | 127,000 | 134,000 |
| Investing cash flow | −3m | 203,000 |
| Financing cash flow | 11m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 5m |
| 4m |
| 2m |
| 4m |
| 3m |
| Inventory | 2m | 2m | 2m | 5m | 5m | 2m | 8m | 7m |
| Current assets | 11m | 9m | 18m | 13m | 13m | 20m | 21m | 21m |
| Property, plant and equipment | 120,000 | 128,000 | 151,000 | 414,000 | 354,000 | 81,000 | 518,000 | 806,000 |
| Goodwill | — | — | — | 5m | 5m | 2m | 2m | 2m |
| Total assets | 45m | 130m | 74m | 23m | 22m | 26m | 29m | 30m |
| Current liabilities | 8m | 9m | 9m | 14m | 13m | 19m | 21m | 18m |
| Short-term debt | 3m | 3m | 3m | 3m | 2m | 2m | 2m | 2m |
| Long-term debt | 38,000 | 51m | 64,000 | 326,000 | 275,000 | 0 | — | — |
| Total liabilities | 8m | 60m | 9m | 19m | 18m | 22m | 24m | 22m |
| Equity | 37m | 71m | 65m | 4m | 5m | 5m | 5m | 8m |
| Shares outstanding | 2m | 1m | 712,000 | 23m | 19m | 478,000 | 13m | 13m |
| Shares issued | 2m | 1m | 712,000 | 23m | 19m | 478,000 | 13m | 13m |
| 6m |