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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 | 19m | 12m | 2m | 4m |
| Research and development | 23m | 18m | 24m | 13m |
| Selling, general and administrative | 4m | 6m | 7m | 7m |
| Operating income | −8m | −12m | −29m | −16m |
| Net income | −6m | −11m | −27m | −15m |
| Earnings per share | −2.19 | −3.79 | −10.01 | −0.65 |
| Earnings per share, diluted | −2.19 | −3.79 | −10.01 | −0.65 |
| Weighted average shares | 3m | 3m | 3m | 23m |
| Weighted average shares, diluted | 3m | 3m | 3m | 23m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 11m | 19m | 8m | 14m | 21m |
| Short-term investments | — | 13m | 4m | 20m | 9m | — |
| Receivables | — | 2m | 4m | 377,000 | — | — |
| Current assets | — | 27m | 31m | 41m | — | — |
| Property, plant and equipment | — | 140,000 | 202,000 | 434,000 | — | — |
| Total assets | — | 30m | 36m | 45m | — | — |
| Current liabilities | — | 6m | 5m | 5m | — | — |
| Total liabilities | — | 7m | 7m | 7m | — | — |
| Equity | — | 23m | 29m | 39m | 42m | 56m |
| Shares outstanding | — | 3m | 3m | 28m | — | — |
| Shares issued | — | 3m | 3m | 28m | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | 322,000 | −14m | −18m | −9m |
| Depreciation and amortisation | 109,000 | 233,000 | 342,000 | 562,000 |
| Share-based compensation | 82,000 | 786,000 | 2m | 2m |
| Capital expenditure | 47,000 | 2,000 | 134,000 | 171,000 |
| Investing cash flow | −9m | 27m | −10m | 2m |
| Financing cash flow | 6,000 | 0 | 22m | 15,000 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)