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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 1m | 2m |
| Cost of revenue | 2,000 | 66,000 |
| Gross profit | 1m | 2m |
| Research and development | 9m | 10m |
| Selling, general and administrative | 19m | 22m |
| Operating expenses | 28m | 32m |
| Operating income | −27m | −30m |
| Net income | −30m | −35m |
| Earnings per share | −49.10 | −414.01 |
| Earnings per share, diluted | −49.10 | −414.01 |
| Weighted average shares | 622,937 | 84,409 |
| Weighted average shares, diluted | 622,937 | 84,409 |
| 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 | 23m | 13m | 670,000 | 132,000 | 3m | 2m | 1m | 1m |
| Receivables | 396,000 | 0 | 0 |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −23m | −17m |
| Share-based compensation | 3m | 6m |
| Capital expenditure | 12,000 | 0 |
| Investing cash flow | −12,000 | 94,000 |
| Share buybacks | — | 0 |
| Financing cash flow | 35m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 200,000 |
| 0 |
| 879,000 |
| — |
| 15,000 |
| Current assets | 29m | 22m | 7m | 4m | 7m | 5m | 5m | 6m |
| Property, plant and equipment | 498,000 | 953,000 | 1m | 2m | 2m | 2m | 2m | 3m |
| Total assets | 46m | 40m | 20m | 9m | 12m | 10m | 14m | 15m |
| Current liabilities | 12m | 16m | 17m | 19m | 17m | 15m | 14m | 12m |
| Total liabilities | 19m | 23m | 20m | 19m | 18m | 18m | 20m | 17m |
| Equity | 27m | 17m | −694,000 | −10m | −6m | −8m | −5m | −2m |
| 16m |