Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 65.9M | 78.1M | 37.9M | 12.5M | 3.2M |
| Operating Revenue | 65.9M | 78.1M | 37.9M | 12.5M | 3.2M |
| Cost Of Revenue | 52.2M | 55.9M | 18.2M | 7.8M | 1.8M |
| Gross Profit | 13.8M | 22.2M | 19.7M | 4.7M | 1.4M |
| Selling General And Administration | 64.8M | 36.6M | 27.9M | 25.5M | 15.3M |
| General And Administrative Expense | -- | -- | -- | -- | 26.0M |
| Other Operating Expenses | 50.1M | 22.8M | 24.2M | 24.1M | 21.5M |
| Operating Expense | 114.9M | 59.4M | 52.1M | 49.6M | 36.8M |
| Operating Income | -101.2M | -37.2M | -32.4M | -44.9M | -35.4M |
| EBIT | -101.2M | -37.2M | -32.4M | -59.8M | -35.4M |
| Interest Expense | -- | -- | -- | 166,000 | 54,000 |
| Interest Expense Non Operating | -- | -- | -- | 166,000 | 54,000 |
| Interest Income | 2.0M | 5.9M | 5.7M | -- | 340,000 |
| Interest Income Non Operating | 2.0M | 5.9M | 5.7M | -- | 340,000 |
| Net Interest Income | 2.0M | 5.9M | 5.7M | -166,000 | 340,000 |
| Other Income Expense | 12.1M | -16.9M | 126.7M | -14.8M | 36.5M |
| Other Non Operating Income Expenses | -- | -- | -- | -529,000 | 1.9M |
| Special Income Charges | 5.3M | -10.3M | 119.3M | 366,000 | 35.7M |
| Restructuring And Mergern Acquisition | 0.00 | 10.3M | 0.00 | 0.00 | -- |
| Write Off | -- | -- | -- | 0.00 | 0.00 |
| Gain On Sale Of Security | 8.1M | -6.5M | 7.4M | -15.2M | -1.1M |
| Earnings From Equity Interest | -1.3M | -175,000 | 0.00 | 0.00 | -- |
| Pretax Income | -87.1M | -48.2M | 100.0M | -59.9M | 1.4M |
| Tax Provision | -979,000 | -372,000 | 276,000 | 0.00 | 0.00 |
| Tax Effect Of Unusual Items | 150,397 | -128,782 | 354,766 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -85.6M | -47.8M | 99.9M | -59.8M | 1.5M |
| Net Income From Continuing Operation Net Minority Interest | -85.6M | -47.8M | 99.9M | -59.8M | 1.5M |
| Net Income Including Noncontrolling Interests | -86.1M | -47.8M | 99.8M | -59.9M | 1.4M |
| Minority Interests | 477,000 | 76,000 | 106,000 | 95,000 | 93,000 |
| Net Income Common Stockholders | -85.6M | -47.8M | 99.9M | -59.8M | 1.5M |
| Net Income | -85.6M | -47.8M | 99.9M | -59.8M | 1.5M |
| EBITDA | -95.7M | -34.0M | -29.6M | -56.5M | -32.2M |
| Normalized EBITDA | -109.1M | -17.3M | -156.3M | -41.7M | -66.9M |
| Reconciled Depreciation | 5.4M | 3.1M | 2.8M | 3.3M | 3.2M |
| Basic EPS | -- | -0.28 | 0.63 | -0.38 | 0.01 |
| Diluted EPS | -- | -0.28 | 0.62 | -0.38 | 0.01 |
| Basic Average Shares | -- | 172.0M | 159.1M | 157.3M | 146.9M |
| Diluted Average Shares | -- | 172.0M | 160.2M | 157.3M | 149.7M |
| Total Unusual Items | 13.4M | -16.7M | 126.7M | -14.8M | 34.6M |
| Total Unusual Items Excluding Goodwill | 13.4M | -16.7M | 126.7M | -14.8M | 34.6M |
| Tax Rate For Calcs | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -98.9M | -31.2M | -26.5M | -45.0M | -33.1M |
| Diluted NI Availto Com Stockholders | -85.6M | -47.8M | 99.9M | -59.8M | 1.5M |
| Gain On Sale Of Ppe | 5.3M | 74,000 | 119.3M | 366,000 | 35.7M |
| Net Income Continuous Operations | -86.1M | -47.8M | 99.8M | -59.9M | 1.4M |
| Net Non Operating Interest Income Expense | 2.0M | 5.9M | 5.7M | -166,000 | 340,000 |
| Other Gand A | -- | -- | -- | -- | 26.0M |
| Reconciled Cost Of Revenue | 52.2M | 55.9M | 18.2M | 7.8M | 1.8M |
| Selling And Marketing Expense | -- | -- | -- | -- | 44,000 |
| Total Expenses | 167.1M | 115.3M | 70.3M | 57.5M | 38.6M |
| Total Operating Income As Reported | -101.2M | -47.5M | -32.4M | -44.9M | -35.4M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 64.7M | 38.6M | 57.4M | 62.8M | 112.5M |
| Cash Cash Equivalents And Short Term Investments | 861.8M | 119.5M | 190.5M | 75.0M | 113.0M |
| Other Short Term Investments | 797.1M | 80.9M | 133.0M | 12.2M | 494,000 |
| Accounts Receivable | 16.0M | 29.0M | 406,000 | 519,000 | 4.0M |
| Receivables | 18.0M | 37.8M | 816,000 | 519,000 | 4.0M |
| Inventory | 73.5M | 66.5M | 38.9M | 38.2M | 30.8M |
| Prepaid Assets | -- | -- | -- | -- | 1.6M |
| Other Current Assets | 5.3M | 6.5M | 2.5M | 9.5M | 1.6M |
| Current Assets | 958.7M | 230.2M | 232.7M | 135.6M | 149.3M |
| Gross PPE | 430.0M | 374.3M | 181.6M | 130.8M | 141.9M |
| Accumulated Depreciation | -48.0M | -40.7M | -35.9M | -33.2M | -35.9M |
| Net PPE | 382.1M | 333.5M | 145.7M | 97.6M | 105.9M |
| Goodwill And Other Intangible Assets | 4.4M | 4.8M | 0.00 | -- | -- |
| Other Intangible Assets | 4.4M | 4.8M | -- | -- | -- |
| Investments And Advances | 37.8M | 15.9M | 1.4M | 19.3M | 38.5M |
| Other Investments | 27.5M | 15.9M | -- | -- | -- |
| Other Non Current Assets | 29.0M | 27.6M | 22.2M | 19.9M | 21.7M |
| Total Non Current Assets | 453.2M | 381.8M | 169.2M | 138.4M | 166.1M |
| Total Assets | 1.4B | 612.0M | 401.9M | 273.9M | 315.4M |
| Current Debt And Capital Lease Obligation | -- | 693,000 | 199,000 | 59,000 | 324,000 |
| Accounts Payable | 5.3M | 7.5M | 1.0M | 1.9M | 3.0M |
| Payables | 5.4M | 9.2M | 1.4M | 2.1M | 3.0M |
| Payables And Accrued Expenses | 25.0M | 31.4M | 10.2M | 6.9M | 5.8M |
| Current Accrued Expenses | 19.6M | 22.2M | 8.8M | 4.8M | 2.7M |
| Current Deferred Revenue | 0.00 | 813,000 | 0.00 | -- | -- |
| Other Current Liabilities | 5.5M | 1.8M | -- | 6.0M | -- |
| Current Liabilities | 31.2M | 59.3M | 10.4M | 18.6M | 6.1M |
| Long Term Debt | 675.7M | -- | -- | -- | -- |
| Long Term Debt And Capital Lease Obligation | 675.7M | 1.5M | 1.1M | 1.3M | 145,000 |
| Long Term Capital Lease Obligation | -- | 1.5M | 1.1M | 1.3M | 145,000 |
| Other Non Current Liabilities | 954,000 | 1.5M | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 698.0M | 21.0M | 12.4M | 10.9M | 13.8M |
| Total Liabilities Net Minority Interest | 729.3M | 80.3M | 22.7M | 29.5M | 19.9M |
| Common Stock | 1.2B | 937.9M | 733.5M | 698.5M | 685.9M |
| Capital Stock | 1.2B | 937.9M | 733.5M | 698.5M | 685.9M |
| Retained Earnings | -489.7M | -404.0M | -356.3M | -456.1M | -396.3M |
| Gains Losses Not Affecting Retained Earnings | -2.9M | -6.1M | -1.9M | -1.9M | 1.9M |
| Other Equity Adjustments | -2.9M | -6.1M | -1.9M | -1.9M | 1.9M |
| Common Stock Equity | 678.4M | 527.8M | 375.2M | 240.4M | 291.6M |
| Stockholders Equity | 678.4M | 527.8M | 375.2M | 240.4M | 291.6M |
| Total Equity Gross Minority Interest | 682.6M | 531.7M | 379.2M | 244.4M | 295.5M |
| Minority Interest | 4.2M | 3.9M | 4.0M | 4.0M | 4.0M |
| Total Capitalization | 1.4B | 527.8M | 375.2M | 240.4M | 291.6M |
| Net Tangible Assets | 674.0M | 523.0M | 375.2M | 240.4M | 291.6M |
| Tangible Book Value | 674.0M | 523.0M | 375.2M | 240.4M | 291.6M |
| Working Capital | 927.4M | 170.9M | 222.3M | 117.0M | 143.2M |
| Invested Capital | 1.4B | 527.8M | 375.2M | 240.4M | 291.6M |
| Total Debt | 675.7M | 2.2M | 1.3M | 1.4M | 469,000 |
| Net Debt | 611.0M | -- | -- | -- | -- |
| Share Issued | 240.4M | 198.7M | 162.7M | 157.7M | 156.3M |
| Ordinary Shares Number | 240.4M | 198.7M | 162.7M | 157.7M | 156.3M |
| Allowance For Doubtful Accounts Receivable | -- | -- | -223,000 | -223,000 | -223,000 |
| Assets Held For Sale Current | -- | -- | 0.00 | 12.4M | 0.00 |
| Capital Lease Obligations | -- | 2.2M | 1.3M | 1.4M | 469,000 |
| Construction In Progress | 9.3M | 3.2M | 13.6M | 673,000 | -- |
| Current Capital Lease Obligation | -- | 693,000 | 199,000 | 59,000 | 324,000 |
| Current Deferred Liabilities | 0.00 | 813,000 | 0.00 | -- | -- |
| Current Provisions | 788,000 | 24.6M | -- | 5.6M | 27,000 |
| Gross Accounts Receivable | -- | -- | 629,000 | 742,000 | 4.2M |
| Held To Maturity Securities | 10.2M | 0.00 | -- | -- | -- |
| Interest Payable | 1.3M | 0.00 | -- | -- | -- |
| Investmentin Financial Assets | 10.2M | 0.00 | -- | -- | -- |
| Land And Improvements | 7.4M | 1.0M | 642,000 | 642,000 | -- |
| Long Term Provisions | 21.4M | 19.5M | 10.9M | 9.6M | 13.7M |
| Machinery Furniture Equipment | 72.7M | 69.5M | 34.8M | 34.0M | 42.8M |
| Non Current Accounts Receivable | -- | -- | 1.5M | 1.5M | -- |
| Non Current Deferred Liabilities | -- | 0.00 | 332,000 | 0.00 | -- |
| Non Current Deferred Revenue | -- | 0.00 | 332,000 | 0.00 | -- |
| Notes Receivable | -- | 0.00 | 343,000 | -- | 343,000 |
| Other Properties | -- | -- | 1.2M | 1.4M | 99.0M |
| Other Receivables | -- | -- | 47,000 | -- | 1.8M |
| Raw Materials | 29.3M | 24.1M | 3.1M | 2.7M | 3.2M |
| Taxes Receivable | 2.0M | 8.7M | 20,000 | -- | -- |
| Total Tax Payable | 109,000 | 1.7M | 393,000 | 240,000 | -- |
| Work In Process | 44.2M | 42.4M | 35.8M | 35.5M | 27.6M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -89.5M | -44.0M | -15.4M | -49.7M | -29.3M |
| Cash Flow From Continuing Operating Activities | -89.5M | -44.0M | -15.4M | -49.7M | -29.3M |
| Depreciation Amortization Depletion | 5.4M | 3.1M | 2.8M | 3.3M | 3.2M |
| Stock Based Compensation | 12.6M | 5.4M | 4.6M | 4.6M | 2.2M |
| Change In Working Capital | 2.0M | -1.2M | 3.4M | -13.5M | -3.4M |
| Change In Receivables | 20.5M | -16.8M | -237,000 | 1.8M | -1.2M |
| Change In Inventory | -771,000 | 13.0M | -100,000 | -8.6M | -3.2M |
| Change In Payables And Accrued Expense | -8.5M | -3.3M | 2.8M | 1.7M | 2.1M |
| Change In Other Current Assets | -8.2M | 9.0M | 530,000 | 456,000 | -795,000 |
| Other Non Cash Items | -19.5M | -1.1M | 1.3M | 1.5M | 1.1M |
| Capital Expenditure | -51.8M | -31.0M | -44.7M | -2.0M | -1.4M |
| Purchase Of PPE | -51.8M | -29.4M | -44.7M | -2.0M | -1.4M |
| Net PPE Purchase And Sale | -51.8M | -29.4M | -44.7M | -2.0M | -1.4M |
| Purchase Of Business | 0.00 | -16.8M | 0.00 | 0.00 | -- |
| Purchase Of Investment | -975.1M | -248.5M | -175.9M | -11.4M | 0.00 |
| Sale Of Investment | 243.5M | 283.0M | 79.0M | 6.0M | 2.6M |
| Net Investment Purchase And Sale | -731.6M | 34.5M | -96.9M | -5.4M | 2.6M |
| Investing Cash Flow | -778.1M | -13.3M | -23.9M | -7.1M | 3.2M |
| Cash Flow From Continuing Investing Activities | -778.1M | -13.3M | -23.9M | -7.1M | 3.2M |
| Issuance Of Debt | 700.0M | 0.00 | 0.00 | -- | 0.00 |
| Repayment Of Debt | -- | -- | -- | 0.00 | 0.00 |
| Net Issuance Payments Of Debt | 700.0M | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance Of Capital Stock | 272.2M | 16.6M | 31.8M | 7.9M | 106.2M |
| Net Common Stock Issuance | 272.2M | 16.6M | 31.8M | 7.9M | 106.2M |
| Financing Cash Flow | 895.0M | 15.6M | 30.4M | 7.9M | 117.9M |
| Cash Flow From Continuing Financing Activities | 895.0M | 15.6M | 30.4M | 7.9M | 117.9M |
| Effect Of Exchange Rate Changes | 1.2M | -1.7M | 12,000 | -66,000 | 5,000 |
| Changes In Cash | 27.4M | -41.7M | -8.8M | -48.9M | 91.8M |
| Beginning Cash Position | 58.6M | 75.0M | 80.3M | 132.8M | 41.0M |
| End Cash Position | 87.2M | 58.6M | 75.0M | 80.3M | 132.8M |
| Free Cash Flow | -141.3M | -75.0M | -60.1M | -51.7M | -30.7M |
| Income Tax Paid Supplemental Data | 96,000 | 1.9M | 0.00 | 0.00 | -- |
| Interest Paid Supplemental Data | 213,000 | 200,000 | 186,000 | 25,000 | 54,000 |
| Asset Impairment Charge | -- | -- | -- | 0.00 | 0.00 |
| Change In Prepaid Assets | -1.1M | -3.1M | 423,000 | -8.9M | -257,000 |
| Common Stock Issuance | 272.2M | 16.6M | 31.8M | 7.9M | 106.2M |
| Earnings Losses From Equity Investments | 1.3M | 175,000 | 0.00 | 0.00 | -6.3M |
| Gain Loss On Investment Securities | -1.7M | -2.3M | 9.3M | -- | 8.1M |
| Gain Loss On Sale Of PPE | -5.3M | -74,000 | -119.3M | -366,000 | -35.7M |
| Long Term Debt Issuance | 700.0M | 0.00 | 0.00 | -- | 0.00 |
| Long Term Debt Payments | -- | -- | -- | 0.00 | 0.00 |
| Net Business Purchase And Sale | 0.00 | -16.8M | 0.00 | 0.00 | -- |
| Net Foreign Currency Exchange Gain Loss | 1.7M | -223,000 | -431,000 | -2.1M | 129,000 |
| Net Income From Continuing Operations | -86.1M | -47.8M | 99.8M | -59.9M | 1.4M |
| Net Intangibles Purchase And Sale | 0.00 | -1.6M | 0.00 | 0.00 | -- |
| Net Long Term Debt Issuance | 700.0M | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Other Financing Charges | -79.2M | -1.4M | -2.4M | -769,000 | -483,000 |
| Net Other Investing Changes | 5.3M | 74,000 | 117.8M | 366,000 | 2.0M |
| Operating Gains Losses | -3.9M | -2.4M | -110.3M | -2.4M | -27.5M |
| Other Cash Adjustment Outside Changein Cash | 0.00 | 27.0M | 3.6M | -3.6M | 0.00 |
| Proceeds From Stock Option Exercised | 2.0M | 357,000 | 970,000 | 753,000 | 12.2M |
| Purchase Of Intangibles | 0.00 | -1.6M | 0.00 | 0.00 | -- |
| Sale Of PPE | -- | -- | -- | 366,000 | 0.00 |
| Unrealized Gain Loss On Investment Securities | 0.00 | 0.00 | -16.9M | 16.8M | -6.3M |