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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 | 178M | 152M | 114M | 85M |
| Cost of revenue | 134M | 119M | 91M | 69M |
| Gross profit | 44M | 33M | 22M | 16M |
| Research and development | 1M | 1M | 715,000 | 479,000 |
| Selling, general and administrative | 16M | 12M | 11M | 10M |
| Operating expenses | 25M | 21M | 16M | 18M |
| Operating income | 19M | 13M | 6M | −2M |
| Interest expense | 1M | 1M | 2M | 902,000 |
| Pre-tax income | 17M | 11M | 5M | −2M |
| Income tax | 2M | 195,000 | 576,000 | 98,000 |
| Net income | 17M | 11M | 5M | −2M |
| Earnings per share | 1.39 | 1.08 | 0.52 | −0.18 |
| Earnings per share, diluted | 1.37 | 1.00 | 0.51 | −0.18 |
| Weighted average shares | 12M | 10M | 9M | 9M |
| Weighted average shares, diluted | 12M | 11M | 9M | 9M |
| Metric | 18 Aug 2026 | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 51M | 7M | 16M | — | — |
| Receivables | — | 33M | 30M | 20M | — |
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|---|---|
| Operating cash flow | 15M | −6M | 2M | −5M |
| Depreciation and amortisation | 5M | 5M | 5M | 4M |
| Share-based compensation | 1M | 395,000 | 159,000 | 218,000 |
| Capital expenditure |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| Inventory | — | 76M | 69M | 51M | — | — |
| Current assets | — | 166M | 113M | 94M | — | — |
| Property, plant and equipment | — | 47M | 42M | 43M | — | — |
| Total assets | — | 227M | 163M | 146M | — | — |
| Current liabilities | — | 34M | 38M | 39M | — | — |
| Short-term debt | — | 2M | 2M | 2M | — | — |
| Long-term debt | — | 9M | 11M | 13M | — | — |
| Total liabilities | — | 50M | 51M | 55M | — | — |
| Equity | — | 176M | 112M | 91M | 76M | 77M |
| Shares outstanding | — | 13M | 11M | 10M | — | — |
| Shares issued | — | 13M | 11M | 10M | — | — |
| Treasury shares | — | 274,473 | 274,473 | 274,473 | — | — |
| 11M |
| 5M |
| 5M |
| 16M |
| Investing cash flow | −10M | −4M | −4M | −16M |
| Financing cash flow | 39M | 161,000 | 10M | 16M |