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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Revenue | 41M | 32M | 27M | 19M |
| Cost of revenue | 17M | 8M | 8M | 8M |
| Gross profit | 24M | 24M | 19M | 10M |
| Research and development | 8M | 4M | 4M | 4M |
| Selling, general and administrative | 7M | 6M | 4M | 7M |
| Operating income | 207,000 | 7M | −5M | −13M |
| Pre-tax income | 1M | 7M | −6M | −13M |
| Income tax | 510,000 | 1M | −482,000 | −327,000 |
| Net income | 963,000 | 6M | −6M | −13M |
| Earnings per share | 0.01 | 0.09 | −0.14 | −0.42 |
| Earnings per share, diluted | 0.01 | 0.08 | −0.14 | −0.42 |
| Metric | 18/08/2026 | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 12M | 15M | 11M | 3M | 4M |
| Receivables | — | 12M | 3M | 2M | — | — |
| Metric | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Operating cash flow | −2M | 9M | 5M | −8M |
| Share-based compensation | 3M | 2M | 933,000 | 2M |
| Capital expenditure | 143,000 | 99,000 | 55,000 | 49,000 |
| Investing cash flow |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| Current assets | — | 25M | 19M | 13M | — | — |
| Property, plant and equipment | — | 190,000 | 130,000 | 88,000 | — | — |
| Goodwill | — | 4M | 4M | 4M | — | — |
| Total assets | — | 46M | 35M | 20M | — | — |
| Current liabilities | — | 11M | 8M | 6M | — | — |
| Short-term debt | — | — | 938,000 | 290,000 | — | — |
| Total liabilities | — | 14M | 8M | 7M | — | — |
| Equity | — | 32M | 26M | 13M | 13M | 24M |
| 314,000 |
| −9M |
| 695,000 |
| 5M |
| Financing cash flow | −636,000 | 5M | 2M | 3M |