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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 106M | 78M |
| Cost of revenue | 52M | 39M |
| Gross profit | 54M | 39M |
| Research and development | 14M | 10M |
| Selling, general and administrative | 29M | 34M |
| Operating expenses | 62M | 60M |
| Operating income | −8M | −20M |
| Interest expense | — | 2M |
| Pre-tax income | −40M | −12M |
| Income tax | 28,000 | 54,000 |
| Net income | −40M | −13M |
| Earnings per share | −2.31 | −1.57 |
| Earnings per share, diluted | — | −1.57 |
| Weighted average shares | 18M | 11M |
| Weighted average shares, diluted | 18M | 11M |
| Metric | 31 Mar 2026 | 31 Dec 2025 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 31 Dec 2024 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 35M | 35M | 24M | 22M | 16M | 20M | 22M | 15M |
| Receivables | 20M | 23M | 29M |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −11M | −11M |
| Depreciation and amortisation | 521,000 | 452,000 |
| Share-based compensation | 9M | 9M |
| Capital expenditure | 273,000 | 35,000 |
| Investing cash flow | −943,000 | −761,000 |
| Financing cash flow | 32M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 24M |
| 17M |
| 12M |
| 17M |
| 17M |
| Inventory | 18M | 15M | 15M | 11M | 12M | 11M | 11M | 8M |
| Current assets | 82M | 82M | 72M | 61M | 48M | 46M | 52M | 43M |
| Property, plant and equipment | 720,000 | 295,000 | 290,000 | 186,000 | 99,000 | 102,000 | 152,000 | 193,000 |
| Total assets | 87M | 86M | 75M | 64M | 51M | 50M | 56M | 46M |
| Current liabilities | 48M | 44M | 63M | 53M | 41M | 36M | 36M | 42M |
| Short-term debt | — | — | — | — | — | — | — | 2M |
| Long-term debt | 2M | 2M | 3M | 3M | 4M | 4M | 5M | — |
| Total liabilities | 51M | 50M | 113M | 108M | 63M | 66M | 66M | 67M |
| Equity | 21M | 19M | −54M | −59M | −26M | −30M | −21M | −33M |
| Shares outstanding | 28M | 27M | 17M | 16M | 16M | 16M | 15M | 9M |
| Shares issued | 28M | 27M | 17M | 16M | 16M | 16M | 15M | 9M |
| 16M |