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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 | 14m | 2m | 4m | — |
| Cost of revenue | — | 1m | 20m | 9m |
| Gross profit | 4m | 437,000 | −16m | −9m |
| Research and development | — | — | 2m | 908,000 |
| Operating income | −8m | −17m | −37m | −35m |
| Pre-tax income | −1m | −14m | −31m | −27m |
| Net income | −952,000 | −14m | −31m | −27m |
| Earnings per share | −1.27 | −0.75 | −2.12 | −2.05 |
| Earnings per share, diluted | −1.27 | −0.75 | −2.12 | −2.05 |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 575,000 | 214,000 | 1m | 5m |
| Inventory | — | — | 171,000 | 1m | 4m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −8m | −8m | −9m | −30m |
| Depreciation and amortisation | 147,000 | 3m | 3m | 1m |
| Share-based compensation | 2m | 2m | 1m | 4m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Current assets | — | — | 6m | 7m | 11m | — |
| Property, plant and equipment | — | — | 1m | 307,000 | 25m | 21m |
| Goodwill | — | — | 7m | 19m | — | — |
| Total assets | — | — | 36m | 28m | 42m | — |
| Current liabilities | — | — | 12m | 13m | 20m | — |
| Short-term debt | — | — | 2m | 2m | 1m | — |
| Total liabilities | — | — | — | 17m | 40m | — |
| Equity | — | — | 21m | 11m | 3m | 29m |
| — |
| 11,000 |
| 9m |
| 9m |
| Investing cash flow | −456,000 | 800,000 | −1m | 25m |
| Financing cash flow | 9m | 6m | 3m | 2m |