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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 | 6m | 9m | 8m | 7m |
| Cost of revenue | 4m | 5m | 4m | 5m |
| Gross profit | 2m | 4m | 3m | 2m |
| Research and development | 866,000 | 577,000 | 1m | 439,000 |
| Selling, general and administrative | 3m | 3m | 2m | 837,000 |
| Operating income | −3m | −1m | −3m | 480,000 |
| Pre-tax income | −3m | −2m | −3m | 2m |
| Income tax | 6,000 | 1,000 | 1,000 | 2,000 |
| Net income | −3m | −2m | −3m | 2m |
| Earnings per share | −0.49 | −0.45 | −0.89 | 0.57 |
| Earnings per share, diluted | −0.49 | −0.45 | −0.89 | 0.54 |
| Weighted average shares | 6m | 5m | 3m | 3m |
| 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 | 3m | 568,000 | 69,000 | 2m |
| Receivables | — | — | 1m | 1m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −3m | −958,000 | 730,000 | −2m |
| Depreciation and amortisation | 207,000 | 139,000 | 132,000 | 97,000 |
| Share-based compensation | 540,000 | 860,000 | 4m | — |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 2m |
| — |
| — |
| Inventory | — | — | 3m | 3m | 2m | — | — |
| Current assets | — | — | 8m | 8m | 6m | — | — |
| Property, plant and equipment | — | — | 156,000 | 161,000 | 94,000 | — | — |
| Total assets | — | — | 9m | 9m | 6m | — | — |
| Current liabilities | — | — | 2m | 2m | 4m | — | — |
| Short-term debt | — | — | — | — | 73,000 | — | — |
| Long-term debt | — | — | — | — | 26,000 | — | — |
| Equity | — | — | 5m | 6m | 2m | 798,000 | −2m |
| Capital expenditure | 31,000 | 112,000 | 3,000 | 8,000 |
| Investing cash flow | −101,000 | −89,000 | −10,000 | −20,000 |
| Financing cash flow | 2m | 4m | −229,000 | 255,000 |