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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 | 1m | 1m | 142,000 | 421,000 |
| Cost of revenue | 935,000 | 850,000 | 61,000 | 661,000 |
| Gross profit | 552,000 | 450,000 | 81,000 | −240,000 |
| Research and development | 7m | 5m | 7m | 6m |
| Selling, general and administrative | 5m | 4m | 4m | 4m |
| Operating income | −12m | −9m | −11m | −11m |
| Net income | −11m | −31m | −11m | −10m |
| Earnings per share | −6.15 | −55.41 | −129.26 | −5.91 |
| Earnings per share, diluted | −6.15 | −55.41 | −129.26 | −5.91 |
| Weighted average shares | 2m | 554,185 | 86,243 | 2m |
| Weighted average shares, diluted | 2m | 554,185 | 86,243 | 2m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 20m | 17m | 3m | 8m | 2m |
| Receivables | — | 215,000 | 495,000 | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −9m | −10m | −11m | −10m |
| Depreciation and amortisation | 132,000 | 148,000 | 171,000 | 150,000 |
| Share-based compensation | 1m | 398,000 | 273,000 | 505,000 |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Inventory | — | 1m | 1m | 977,000 | — | — |
| Current assets | — | 22m | 20m | 5m | — | — |
| Property, plant and equipment | — | 296,000 | 312,000 | 430,000 | — | — |
| Total assets | — | 23m | 21m | 6m | — | — |
| Current liabilities | — | 2m | 3m | 3m | — | — |
| Total liabilities | — | 2m | 3m | 3m | — | — |
| Equity | — | 20m | 18m | 3m | 8m | −8m |
| Shares outstanding | — | 2m | 1m | 3m | — | — |
| Shares issued | — | 2m | 1m | 3m | — | — |
| 125,000 |
| 30,000 |
| 152,000 |
| 29,000 |
| Investing cash flow | −125,000 | −30,000 | −152,000 | −29,000 |
| Financing cash flow | 12m | 24m | 5m | 17m |