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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 | 38,000 | 168,000 | 306,000 | 26,000 |
| Cost of revenue | 16,000 | 42,000 | 59,000 | 22,000 |
| Gross profit | 22,000 | 126,000 | 247,000 | 4,000 |
| Research and development | 733,000 | 536,000 | 519,000 | 898,000 |
| Selling, general and administrative | 2m | 2m | 2m | 2m |
| Operating income | −3m | −2m | −2m | −4m |
| Net income | −4m | −2m | −2m | −3m |
| Earnings per share | −0.08 | −0.04 | −0.07 | −0.07 |
| Earnings per share, diluted | −0.08 | −0.04 | −0.07 | −0.07 |
| Weighted average shares | 47m | 45m | 44m | 44m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 6m | 8m | 4m | 5m | 15m |
| Receivables | — | 254,000 | 93,000 | 108,000 | — | — |
| Current assets | — | 7m | 9m | 9m | — | — |
| Property, plant and equipment | — | 929,000 | 561,000 | 636,000 | 722,000 | — |
| Total assets | — | 8m | 11m | 10m | — | — |
| Current liabilities | — | 3m | 2m | 2m | — | — |
| Short-term debt | — | 139,000 | 91,000 | 62,000 | — | — |
| Long-term debt | — | 24,000 | 47,000 | — | — | — |
| Total liabilities | — | 3m | 2m | 2m | — | — |
| Equity | — | 5m | 8m | 8m | 10m | 15m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Depreciation and amortisation | 254,000 | 134,000 | 170,000 | 209,000 |
| Share-based compensation | 37,000 | — | — | — |
| Capital expenditure | 525,000 | 33,000 | 6,000 | 3,000 |
| Investing cash flow | 915,000 | 3m | 1m | −5m |
| Financing cash flow | −186,000 | 3m | −81,000 | −320,000 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)