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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 | 66m | 33m | 36m | 47m |
| Cost of revenue | 17m | 16m | 17m | 23m |
| Gross profit | 49m | 17m | 19m | 24m |
| Research and development | 11m | 878,000 | 923,000 | 2m |
| Selling, general and administrative | 28m | 26m | 11m | 16m |
| Operating expenses | — | 34m | 31m | 48m |
| Operating income | 3m | −17m | −12m | −24m |
| Pre-tax income | — | −24m | −13m | −42m |
| Income tax | −1m | −68,000 | 648,000 | 2m |
| Net income | 3m | −29m | −39m | −203m |
| Earnings per share | — | −0.52 | −0.26 | −0.86 |
| Earnings per share, diluted | — | −0.52 | −0.26 | −0.86 |
| Weighted average shares | — | 46m | 51m | 50m |
| Weighted average shares, diluted | — | 46m | 51m | 50m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Jun 30, 2024 | Dec 31, 2023 | Jun 30, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 30m | 20m | 4m | 14m | 98,162 | 43m |
| Short-term investments | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −25m | −22m | −19m | 71m |
| Depreciation and amortisation | — | 4,000 | 137,000 | 319,000 |
| Share-based compensation | — | 732,000 | 1m | 4m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| 7m |
| — |
| 2m |
| — |
| — |
| Receivables | — | — | — | 10m | 271,082 | 14m | — | — |
| Current assets | — | — | 197m | 49m | 41m | 160m | — | — |
| Property, plant and equipment | — | — | 97,000 | 13,000 | — | 1,000 | — | — |
| Goodwill | — | — | 53m | 17m | — | 17m | — | — |
| Total assets | — | — | 256m | 130m | 58m | 164m | — | — |
| Current liabilities | — | — | 145m | 33m | 62m | 120m | — | — |
| Total liabilities | — | — | 146m | 100m | 62m | 122m | — | — |
| Equity | — | — | 110m | 13m | −4m | 37m | 1m | 79m |
| Shares outstanding | — | — | 474m | 48m | — | 48m | — | — |
| Treasury shares | — | — | — | 3m | — | 6m | — | — |
| Capital expenditure | 92,000 | 16,000 | 83,000 | 126,000 |
| Investing cash flow | 11m | −1m | −987,000 | −4m |
| Share buybacks | — | — | 214,000 | 8m |
| Financing cash flow | 37m | −37m | −6m | −37m |