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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 | 4m | 6m | 3m | 2m |
| Cost of revenue | 4m | 2m | 1m | 909,000 |
| Gross profit | −241,000 | 3m | 1m | 766,000 |
| Research and development | 8m | 13m | 16m | 21m |
| Selling, general and administrative | 4m | 7m | 5m | 6m |
| Operating income | −14m | −19m | −22m | −27m |
| Pre-tax income | −13m | −15m | −22m | −30m |
| Income tax | 1,000 | 9,000 | 19,000 | 90,000 |
| Net income | −8m | −18m | −26m | −30m |
| Earnings per share | 1.08 | −2.90 | −5.20 | −6.44 |
| Earnings per share, diluted | 1.08 | −2.90 | −5.20 | −6.44 |
| Weighted average shares | 8m | 6m | 5m | 4m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | 13m | 15m | 21m | 29m | 32m | — |
| Receivables | — | 317,000 | 1m | 357,000 |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −14m | −20m | −22m | −24m |
| Depreciation and amortisation | 1m | 1m | 1m | 2m |
| Share-based compensation | 654,000 | 1m | 1m | 1m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| — |
| Inventory | — | 210,000 | 2m | 76,000 | — | — | — |
| Current assets | — | 16m | 22m | 34m | — | — | — |
| Property, plant and equipment | — | 812,000 | 2m | 2m | — | — | — |
| Total assets | — | 20m | 40m | 51m | — | — | — |
| Current liabilities | — | 3m | 19m | 7m | — | — | — |
| Total liabilities | — | 8m | 25m | 22m | — | — | — |
| Equity | — | 12m | 15m | 29m | 35m | 63m | — |
| Shares outstanding | — | 9m | 7m | 5m | — | — | — |
| Shares issued | — | 9m | 7m | 5m | — | — | 380,359 |
| 135,000 |
| 626,000 |
| 577,000 |
| 1m |
| Investing cash flow | 18m | 10m | −5m | 13m |
| Financing cash flow | −7m | 5m | 18m | 9m |