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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 | — | 10,000 | — | — |
| Cost of revenue | — | 22,000 | — | — |
| Gross profit | — | −12,000 | — | — |
| Research and development | 2m | 4m | 7m | 7m |
| Selling, general and administrative | 4m | 4m | 4m | 5m |
| Operating income | −7m | −8m | −14m | −17m |
| Net income | −11m | −9m | −17m | −22m |
| Earnings per share | −0.01 | −0.02 | −0.07 | −0.11 |
| Earnings per share, diluted | −0.01 | −0.02 | −0.07 | −0.11 |
| Weighted average shares | 1.49bn | 418m | 237m | 136m |
| Weighted average shares, diluted | 1.49bn | 418m | 237m | 136m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 3m | 1m | 4m | 6m | 19m |
| Short-term investments | — | — | 14,000 |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −7m | −8m | −13m | −15m |
| Depreciation and amortisation | 770,000 | 467,000 | 503,000 | 837,000 |
| Share-based compensation | 589,000 | 205,000 | 1m | 1m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 102,000 |
| — |
| — |
| — |
| Current assets | — | — | 4m | 2m | 5m | — | — |
| Property, plant and equipment | — | — | 2m | 3m | 2m | — | — |
| Total assets | — | — | 5m | 8m | 11m | — | — |
| Current liabilities | — | — | 894,000 | 2m | 2m | — | — |
| Equity | — | — | 4m | 4m | 6m | 9m | 21m |
| Shares outstanding | — | — | 5.44bn | 350m | 252m | — | — |
| Shares issued | — | — | 5.44bn | 350m | 252m | — | — |
| 113,000 |
| 985,000 |
| 270,000 |
| 3m |
| Investing cash flow | −1m | −956,000 | −764,000 | −4m |
| Financing cash flow | 10m | 6m | 11m | 6m |