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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 27m | 54m |
| Cost of revenue | 20m | 15m |
| Research and development | 15m | 17m |
| Selling, general and administrative | 51m | 59m |
| Operating income | −61m | −38m |
| Pre-tax income | −92m | −58m |
| Income tax | 3,000 | — |
| Net income | −92m | −58m |
| Earnings per share | −3.59 | −2.64 |
| Earnings per share, diluted | −3.59 | −2.64 |
| Weighted average shares | 26m | 22m |
| Weighted average shares, diluted | 26m | 22m |
| Metric | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 6m | 120,000 | 863,000 | 293,000 | 738,000 | 10m | 11m | 12m |
| Inventory | 571,000 | 3m | 4m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −13m | −6m |
| Depreciation and amortisation | 7m | 8m |
| Capital expenditure | — | 161,000 |
| Investing cash flow | — | 514,000 |
| Financing cash flow | 19m | 7m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 6m |
| 5m |
| 4m |
| 3m |
| 4m |
| Current assets | 12m | 11m | 17m | 22m | 21m | 15m | 18m | 23m |
| Property, plant and equipment | 56m | 57m | 59m | 60m | 62m | 63m | 65m | 66m |
| Goodwill | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m |
| Total assets | 107m | 114m | 120m | 129m | 133m | 129m | 135m | 144m |
| Current liabilities | 81m | 65m | 69m | 59m | 54m | 76m | 68m | 66m |
| Total liabilities | 145m | 134m | 146m | 134m | 124m | 112m | 108m | 113m |
| Equity | −38m | −20m | −25m | −6m | 9m | 17m | 28m | 31m |
| Shares outstanding | 29m | 28m | 25m | 24m | 23m | 22m | 22m | 22m |
| Shares issued | 29m | 28m | 25m | 24m | 23m | 22m | 22m | 22m |