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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 46M | 41M |
| Cost of revenue | 53M | 43M |
| Gross profit | −7M | −2M |
| Research and development | 11M | 15M |
| Selling, general and administrative | 30M | 48M |
| Operating expenses | 48M | 77M |
| Operating income | −55M | −79M |
| Interest expense | — | 16M |
| Pre-tax income | −71M | −70M |
| Income tax | 117,000 | −20,000 |
| Net income | −71M | −70M |
| Earnings per share | −4.33 | −82.32 |
| Earnings per share, diluted | −4.33 | −82.32 |
| Weighted average shares | 16M | 847,265 |
| Weighted average shares, diluted | 16M | 847,265 |
| 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 | 17M | 39M | 12M | 854,000 | 4M | 1M | 2M | 2M |
| Short-term investments | — |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −27M | −33M |
| Depreciation and amortisation | 3M | 5M |
| Share-based compensation | 10M | 12M |
| Capital expenditure | 3M | 9,000 |
| Investing cash flow | −3M | 8M |
| Financing cash flow | 68M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| — |
| — |
| — |
| — |
| 0 |
| 699,000 |
| Receivables | 7M | 6M | 7M | 5M | 5M | 4M | 10M | 8M |
| Inventory | 28M | 27M | 35M | 38M | 46M | 50M | 62M | 60M |
| Current assets | 65M | 80M | 59M | 49M | 62M | 58M | 80M | 82M |
| Property, plant and equipment | 16M | 13M | 3M | 3M | 4M | 14M | 13M | 14M |
| Total assets | 92M | 105M | 94M | 78M | 91M | 89M | 111M | 117M |
| Current liabilities | 27M | 34M | 38M | 43M | 44M | 38M | 64M | 49M |
| Short-term debt | — | — | — | 17M | — | 6M | — | — |
| Total liabilities | 41M | 67M | 64M | 57M | 59M | 50M | 76M | 65M |
| Equity | 52M | 38M | 30M | 21M | 33M | 40M | 34M | 52M |
| Shares outstanding | 26M | 25M | 21M | 14M | 210M | 13M | 10M | 9M |
| Shares issued | 26M | 25M | 21M | 14M | 210M | 13M | 10M | 9M |
| 1M |