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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|---|---|
| Revenue | 4M | 6M | 3M | 2M |
| Cost of revenue | 4M | 2M | 1M | 909,000 |
| Gross profit | −241,000 | 3M | 1M | 766,000 |
| Research and development | 8M | 13M | 16M | 21M |
| Selling, general and administrative | 4M | 7M | 5M | 6M |
| Operating income | −14M | −19M | −22M | −27M |
| Pre-tax income | −13M | −15M | −22M | −30M |
| Income tax | 1,000 | 9,000 | 19,000 | 90,000 |
| Net income | −8M | −18M | −26M | −30M |
| Earnings per share | 1.08 | −2.90 | −5.20 | −6.44 |
| Earnings per share, diluted | 1.08 | −2.90 | −5.20 | −6.44 |
| Weighted average shares | 8M | 6M | 5M | 4M |
| Metric | 18 Aug 2026 | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | 13M | 15M | 21M | 29M | 32M | — |
| Receivables | — | 317,000 | 1M | 357,000 |
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|---|---|
| Operating cash flow | −14M | −20M | −22M | −24M |
| Depreciation and amortisation | 1M | 1M | 1M | 2M |
| Share-based compensation | 654,000 | 1M | 1M | 1M |
| Capital expenditure |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| — |
| — |
| — |
| Inventory | — | 210,000 | 2M | 76,000 | — | — | — |
| Current assets | — | 16M | 22M | 34M | — | — | — |
| Property, plant and equipment | — | 812,000 | 2M | 2M | — | — | — |
| Total assets | — | 20M | 40M | 51M | — | — | — |
| Current liabilities | — | 3M | 19M | 7M | — | — | — |
| Total liabilities | — | 8M | 25M | 22M | — | — | — |
| Equity | — | 12M | 15M | 29M | 35M | 63M | — |
| Shares outstanding | — | 9M | 7M | 5M | — | — | — |
| Shares issued | — | 9M | 7M | 5M | — | — | 380,359 |
| 135,000 |
| 626,000 |
| 577,000 |
| 1M |
| Investing cash flow | 18M | 10M | −5M | 13M |
| Financing cash flow | −7M | 5M | 18M | 9M |