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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 |
|---|---|---|---|
| Revenue | 23M | 302M | 332M |
| Cost of revenue | 21M | 245M | 283M |
| Gross profit | 3M | 58M | 49M |
| Research and development | 6M | 22M | 26M |
| Selling, general and administrative | 14M | 38M | 44M |
| Operating expenses | 17M | 82M | 95M |
| Operating income | −14M | −25M | −46M |
| Interest expense | 613,000 | 3M | 3M |
| Pre-tax income | −29M | −17M | −49M |
| Income tax | 143,000 | 5M | 1M |
| Net income | −62M | −22M | −50M |
| Earnings per share | −3.56 | −1.27 | −2.90 |
| Earnings per share, diluted | −3.56 | −1.27 | −2.90 |
| Weighted average shares | 17M | 17M | 17M |
| Weighted average shares, diluted | 17M | 17M | 17M |
| Metric | 19 Aug 2026 | 18 Aug 2026 | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 27M | 38M | 55M | 86M |
| Receivables | — | — | 10M | 73M | 88M |
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
|---|---|---|---|
| Operating cash flow | −14M | 7M | −13M |
| Depreciation and amortisation | 735,000 | 9M | 12M |
| Share-based compensation | 808,000 | 1M | 2M |
| Capital expenditure | 3M | 17M | 16M |
| Investing cash flow |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| Inventory | — | — | 3M | 54M | 68M | — |
| Current assets | — | — | 42M | 170M | 217M | — |
| Property, plant and equipment | — | — | 6M | 42M | 69M | — |
| Goodwill | — | — | — | 3M | 3M | 3M |
| Total assets | — | — | 94M | 292M | 356M | — |
| Current liabilities | — | — | 22M | 109M | 135M | — |
| Short-term debt | — | — | — | 0 | 15M | — |
| Long-term debt | — | — | 0 | 19M | 31M | — |
| Total liabilities | — | — | 25M | 155M | 195M | — |
| Equity | — | — | 69M | 137M | 160M | 204M |
| Shares outstanding | — | — | 17M | 17M | 17M | — |
| Shares issued | — | — | 17M | 17M | 17M | — |
| 16M |
| 4M |
| −15M |
| Financing cash flow | −4M | −25M | −2M |