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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 | 398,000 | 436,000 | 497,000 | 550,000 |
| Cost of revenue | 140,000 | 172,000 | 143,000 | 252,000 |
| Gross profit | 258,000 | 264,000 | 354,000 | 298,000 |
| Research and development | 9M | 9M | 12M | 12M |
| Selling, general and administrative | 3M | 3M | 3M | 4M |
| Operating income | −12M | −13M | −16M | −17M |
| Net income | −12M | −11M | −18M | −22M |
| Earnings per share | −0.12 | −0.14 | −0.42 | −0.07 |
| Earnings per share, diluted | −0.12 | −0.14 | −0.42 | −0.07 |
| Weighted average shares | 101M | 67M | 47M | 323M |
| Weighted average shares, diluted | 101M | 67M | 47M | 323M |
| Metric | 18 Aug 2026 | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 6M | 7M | 16M | 19M | 28M |
| Short-term investments | — | 26,000 | 71,000 | 474,000 | — |
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|---|---|
| Operating cash flow | −10M | −11M | −15M | −17M |
| Depreciation and amortisation | 161,000 | 200,000 | 263,000 | 218,000 |
| Share-based compensation | 947,000 | 788,000 | 1M | 2M |
| Capital expenditure |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| Receivables | — | 118,000 | 113,000 | 308,000 | — | — |
| Current assets | — | 7M | 8M | 17M | — | — |
| Property, plant and equipment | — | 187,000 | 323,000 | 461,000 | — | — |
| Total assets | — | 8M | 10M | 19M | — | — |
| Current liabilities | — | 2M | 2M | 2M | — | — |
| Total liabilities | — | 3M | 3M | 3M | — | — |
| Equity | — | 6M | 6M | 16M | 29M | 49M |
| Shares outstanding | — | 141M | 73M | 460M | — | — |
| Shares issued | — | 141M | 73M | 460M | — | — |
| 25,000 |
| 62,000 |
| 124,000 |
| 313,000 |
| Investing cash flow | −25,000 | 2M | 7M | 9M |
| Financing cash flow | 9M | 903,000 | 4M | — |