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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 | 1m | 29m | 5m | 0 |
| Cost of revenue | 230,000 | 9m | 4m | 0 |
| Gross profit | 950,000 | 20m | 1m | 0 |
| Research and development | 8m | 9m | 13m | 18m |
| Selling, general and administrative | 3m | 6m | 6m | 5m |
| Operating income | −10m | −20m | −50m | −29m |
| Net income | −2m | −9m | −61m | −25m |
| Earnings per share | 0.00 | −0.01 | −0.06 | −0.03 |
| Earnings per share, diluted | 0.00 | −0.01 | −0.06 | −0.03 |
| Weighted average shares | 2.47bn | 1.20bn | 963m | 774m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 3m | 10m | 4m | 11m | 13m |
| Inventory | — | 2m | 3m | 2m | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −8m | −44m | −23m | −26m |
| Depreciation and amortisation | 523,000 | 4m | 1m | 654,000 |
| Share-based compensation | 396,000 | 1m | 2m | 2m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Current assets | — | 24m | 27m | 47m | — | — |
| Property, plant and equipment | — | 160,000 | 386,000 | 473,000 | — | — |
| Total assets | — | 41m | 39m | 64m | — | — |
| Current liabilities | — | 12m | 15m | 43m | — | — |
| Short-term debt | — | 4m | 4m | 3m | — | — |
| Total liabilities | — | 18m | 25m | 51m | — | — |
| Equity | — | 23m | 13m | 13m | 51m | 68m |
| 25,000 |
| 53,000 |
| 116,000 |
| 131,000 |
| Investing cash flow | −9m | 29m | 1m | 4m |
| Financing cash flow | 9m | 21m | 15m | 20m |