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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 | 38m | 268m | 222m | 207m |
| Cost of revenue | 138m | 127m | 107m | 104m |
| Gross profit | 130m | 141m | 115m | 103m |
| Research and development | 439,241 | 4m | 5m | 7m |
| Selling, general and administrative | 79m | 81m | 73m | 77m |
| Operating expenses | 28m | 184m | 156m | 159m |
| Operating income | −64m | −43m | −41m | −57m |
| Pre-tax income | −52m | −42m | −41m | −55m |
| Income tax | −4m | −6m | −7m | −6m |
| Net income | −7m | −36m | −34m | −48m |
| Earnings per share | −0.11 | −0.57 | −0.54 | −0.76 |
| Earnings per share, diluted | −0.76 | −0.57 | −0.54 | −0.76 |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 85m | 37m | 60m | 55m | 71m |
| Receivables | — | 42,667 | 3m | 2m | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −16m | −3m | 9m | −15m |
| Depreciation and amortisation | 3m | 24m | 22m | 23m |
| Share-based compensation | 569,708 | 3m | 3m | 1m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Current assets | — | 111m | 67m | 70m | — | — |
| Property, plant and equipment | — | 5m | 39m | 30m | — | — |
| Goodwill | — | 23m | 196m | 196m | — | — |
| Total assets | — | 58m | 457m | 449m | — | — |
| Current liabilities | — | 49m | 354m | 314m | — | — |
| Short-term debt | — | 1m | — | — | — | — |
| Long-term debt | — | 15m | — | — | — | — |
| Total liabilities | — | 376m | 377m | 336m | — | — |
| Equity | — | 32m | 80m | 113m | 144m | 191m |
| Shares outstanding | — | 64m | 63m | 63m | — | — |
| Shares issued | — | 64m | 65m | 65m | — | — |
| Treasury shares | — | 585,358 | 585,358 | 585,358 | — | — |
| 1m |
| 20m |
| 2m |
| 2m |
| Investing cash flow | 49m | −20m | −4m | −2m |
| Financing cash flow | 16m | −93,699 | 403,439 | 188,212 |