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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 | 224m | 255m | 629m | 504m |
| Cost of revenue | 78m | 102m | 269m | 228m |
| Gross profit | 146m | 153m | 360m | 275m |
| Selling, general and administrative | 20m | 26m | 34m | 36m |
| Operating expenses | 138m | 156m | 370m | 289m |
| Operating income | 8m | −2m | −10m | −14m |
| Pre-tax income | 8m | −3m | −10m | −69m |
| Income tax | −61,000 | −39,000 | 40,000 | −13m |
| Net income | 8m | −2m | −10m | −57m |
| Earnings per share | 0.04 | −0.01 | −0.04 | −0.25 |
| Earnings per share, diluted | 0.04 | −0.01 | −0.04 | −0.25 |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 24m | 18m | 66m | 89m | 60m |
| Receivables | — | — | 1m | 976,000 |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 6m | −48m | −21m | 36m |
| Share-based compensation | 92,000 | 345,000 | 415,000 | 340,000 |
| Capital expenditure | 42,000 | 782,000 | 1m | 817,000 |
| Investing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 634,000 |
| — |
| — |
| Inventory | — | — | 5m | 4m | 6m | — | — |
| Current assets | — | — | 34m | 27m | 85m | — | — |
| Property, plant and equipment | — | — | 1m | 2m | 3m | — | — |
| Goodwill | — | — | 28m | 27m | 27m | — | — |
| Total assets | — | — | 72m | 69m | 126m | — | — |
| Current liabilities | — | — | 74m | 78m | 133m | — | — |
| Short-term debt | — | — | 715,000 | 685,000 | 0 | — | — |
| Total liabilities | — | — | 76m | 83m | 135m | — | — |
| Equity | — | — | −4m | −13m | −8m | 4m | 64m |
| Shares outstanding | — | — | 217m | 221m | 223m | — | — |
| Shares issued | — | — | 245m | 245m | 245m | — | — |
| Treasury shares | — | — | 28m | 24m | 22m | — | — |
| 12,000 |
| −2m |
| −1m |
| 2m |
| Share buybacks | 724,000 | 1m | 2m | 0 |
| Financing cash flow | −724,000 | −586,000 | −2m | −43,000 |