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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 30m | 38m |
| Cost of revenue | 23m | 29m |
| Selling, general and administrative | 40m | 28m |
| Operating income | −34m | −48m |
| Interest expense | — | 3m |
| Pre-tax income | −59m | −61m |
| Income tax | −2m | −2m |
| Net income | −53m | −63m |
| Earnings per share | −2.38 | −14.94 |
| Earnings per share, diluted | −2.38 | −14.94 |
| Weighted average shares | 29m | 5m |
| Weighted average shares, diluted | 29m | 5m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jul 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 5m | 6m | 4m | 3m | 2m | 3m | 2m | — |
| Current assets | 91m | 92m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −9m | −5m |
| Depreciation and amortisation | 10m | 10m |
| Share-based compensation | 11m | 5m |
| Capital expenditure | 28m | 9m |
| Investing cash flow | −32m | −13m |
| Share buybacks | 75,000 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 66m |
| 17m |
| 16m |
| 13m |
| 19m |
| — |
| Property, plant and equipment | 80m | 75m | 64m | 57m | 50m | 47m | 43m | — |
| Total assets | 190m | 188m | 152m | 92m | 90m | 88m | 97m | — |
| Current liabilities | 52m | 49m | 56m | 48m | 48m | 48m | 31m | — |
| Long-term debt | 16m | 18m | 13m | 10m | 10m | 7m | 8m | 2m |
| Total liabilities | 76m | 76m | 79m | 63m | 63m | 61m | 46m | — |
| Equity | 47m | 54m | 14m | 29m | 27m | −12m | 52m | — |
| Shares outstanding | 112m | 103m | 64m | 19m | 13m | 11m | 8m | — |
| Shares issued | 112m | 103m | 64m | 19m | 13m | 11m | 8m | — |
| Treasury shares | 86,595 | 86,595 | 40,741 | 40,741 | 40,741 | 40,741 | 40,741 | — |
| 0 |
| Financing cash flow | 119m | 18m |