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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 | 54m | 316m | 290m | 329m |
| Cost of revenue | 18m | 107m | 91m | 103m |
| Gross profit | 252m | 209m | 199m | 226m |
| Research and development | 105m | 95m | 122m | 154m |
| Selling, general and administrative | 48m | 45m | 46m | 105m |
| Operating expenses | 254m | 225m | 250m | 358m |
| Operating income | 101,000 | −10m | −41m | −101m |
| Pre-tax income | 3m | −7m | −65m | −109m |
| Income tax | 73,000 | 110,000 | −2m | −455,000 |
| Net income | 61,000 | −7m | −62m | −107m |
| Earnings per share | 0.01 | −0.09 | −0.78 | −1.35 |
| Earnings per share, diluted | 0.00 | −0.09 | −0.78 | −1.35 |
| Weighted average shares | 63m | 63m | 63m | 62m |
| Weighted average shares, diluted | 63m | 63m | 63m | 62m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 168m | 119m | 115m | 116m | — |
| Short-term investments | — | 728,000 | 0 | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 9m | 9m | −18m | −17m |
| Depreciation and amortisation | 133,000 | 1m | 5m | 24m |
| Share-based compensation | 4m | 4m | 12m | 16m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| Receivables | — | 43m | 51m | 34m | — | — |
| Current assets | — | 232m | 185m | 170m | — | — |
| Property, plant and equipment | — | 3m | 5m | 1m | — | — |
| Goodwill | — | 38m | 38m | 38m | — | — |
| Total assets | — | 60m | 378m | 350m | — | — |
| Current liabilities | — | 303m | 262m | 241m | — | — |
| Short-term debt | — | — | 3m | — | — | — |
| Total liabilities | — | 317m | 279m | 246m | — | — |
| Equity | — | 66m | 68m | 104m | 128m | 215m |
| 252,000 |
| 5m |
| 306,000 |
| 632,000 |
| Investing cash flow | −1m | −5m | 25m | 27m |
| Share buybacks | 1m | 3m | 4m | 2m |
| Financing cash flow | −1m | 1m | −9m | −148m |