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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 96m | 93m |
| Cost of revenue | 85m | 83m |
| Gross profit | 11m | 10m |
| Selling, general and administrative | 15m | 5m |
| Operating expenses | 16m | 6m |
| Operating income | −4m | 4m |
| Pre-tax income | −2m | 5m |
| Income tax | 12,000 | 11,000 |
| Net income | −3m | 5m |
| Earnings per share | −0.13 | 0.45 |
| Earnings per share, diluted | −0.13 | 0.45 |
| Weighted average shares | 20m | 10m |
| Weighted average shares, diluted | 20m | 10m |
| 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 | 106m | 110m | 110m | — | 7m | 8m | 6m | — |
| Inventory | 9m | 9m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −417,000 | 2m |
| Depreciation and amortisation | 19,000 | 16,000 |
| Share-based compensation | 4m | 0 |
| Capital expenditure | 8m | 0 |
| Investing cash flow | −9m | −150,000 |
| Financing cash flow | 112m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 7m |
| 5m |
| 6m |
| 4m |
| — |
| — |
| Current assets | 117m | 121m | 118m | 12m | 15m | 13m | — | — |
| Property, plant and equipment | 10m | 9m | 63,000 | — | — | 28,000 | — | — |
| Total assets | 129m | 131m | 120m | 13m | 15m | 14m | — | — |
| Current liabilities | 17m | 17m | 13m | — | — | 12m | — | — |
| Long-term debt | 8m | 7m | — | — | — | 0 | — | — |
| Total liabilities | 25m | 24m | 13m | 61,114 | — | 12m | — | — |
| Equity | 104m | 108m | 107m | 267,000 | 465,000 | 1m | 526,000 | 623,000 |
| Shares outstanding | 29m | 30m | 30m | 1,000 | — | 10m | — | — |
| Shares issued | 32m | 32m | 32m | 1,000 | — | 10m | — | — |
| Treasury shares | 2m | 2m | 2m | — | — | 0 | — | — |
| −4m |