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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 4m | 5m |
| Cost of revenue | 3m | 4m |
| Gross profit | 672,000 | 699,000 |
| Research and development | 412,000 | 524,000 |
| Selling, general and administrative | 1m | 2m |
| Operating expenses | 2m | 3m |
| Operating income | −1m | −2m |
| Pre-tax income | −1m | −2m |
| Income tax | 0 | 0 |
| Net income | −1m | −2m |
| Earnings per share | −0.18 | −0.32 |
| Earnings per share, diluted | −0.18 | −0.32 |
| Weighted average shares | 6m | 5m |
| Weighted average shares, diluted | 6m | 5m |
| 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 | 1m | 1m | 897,000 | 499,000 | 488,000 | 565,000 | 819,000 | 1m |
| Receivables | 487,000 | 526,000 | 665,000 |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −1m | −1m |
| Depreciation and amortisation | 37,000 | 37,000 |
| Share-based compensation | 121,000 | 4,000 |
| Capital expenditure | 54,000 | 19,000 |
| Investing cash flow | −197,000 | −19,000 |
| Financing cash flow | 2m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 960,000 |
| 588,000 |
| 804,000 |
| — |
| — |
| Inventory | 4m | 3m | 3m | 3m | 3m | 3m | 4m | 4m |
| Current assets | 6m | 5m | 5m | 4m | 5m | 5m | 6m | 6m |
| Total assets | 6m | 5m | 5m | 5m | 5m | 6m | 6m | 7m |
| Current liabilities | 2m | 922,000 | 2m | 2m | 2m | 2m | 3m | 3m |
| Total liabilities | 2m | 1m | 2m | 2m | 3m | 3m | 3m | 4m |
| Equity | 4m | 4m | 3m | 3m | 3m | 3m | 3m | 4m |
| Shares outstanding | 6m | 6m | 6m | 5m | 5m | 5m | 5m | 5m |
| Shares issued | 6m | 6m | 6m | 5m | 5m | 5m | 5m | 5m |
| −149,000 |