| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $4.5M-64.3% | $12.5M-56.4% | $28.8M-81.3% | $154.0M-41.0% | $261.1M |
| Restricted cash, current | $154K-43.5% | $273K+39.3% | $196K+50.9% | $130K-78.2% | $596K |
| Short-term investment | $0-100.0% | $6K-99.9% | $4.2M | $0 | — |
| Accounts receivable, net | $1.3M-61.0% | $3.3M+31.3% | $2.5M+342.0% | $565K-72.4% | $2.0M |
| Inventories, net | $21.9M-8.6% | $24.0M-17.7% | $29.2M-8.4% | $31.8M+291.2% | $8.1M |
| Prepayment and other current assets | $15.0M-16.9% | $18.1M-6.4% | $19.3M+19.7% | $16.1M+102.0% | $8.0M |
| Amounts due from related parties, current | $38K+221.5% | $12K-95.9% | $287K-21.7% | $367K | — |
| Assets held for sale, current | $2.7M-64.6% | $7.7M-62.2% | $20.4M | — | — |
| Total current assets | $45.6M-30.8% | $65.9M-37.2% | $104.9M-48.3% | $203.0M-27.8% | $281.1M |
| Long-term time deposit | $0-100.0% | $700K | $0 | — | — |
| Long-term investments | $3.9M+3.8% | $3.7M-19.3% | $4.6M-13.7% | $5.3M+1517.8% | $329K |
| Investment in equity securities | $0-100.0% | $26.6M+1.7% | $26.2M-12.1% | $29.8M | $0 |
| Property, plant and equipment, net | $15.9M-8.5% | $17.4M-14.7% | $20.4M+36.4% | $15.0M+1049.9% | $1.3M |
| Intangible assets, net | $6.1M-1.3% | $6.2M-9.4% | $6.9M+50.6% | $4.6M+137654.1% | $3K |
| Right-of-use assets | $1.9M-81.4% | $9.9M-49.4% | $19.7M+140.1% | $8.2M+390.4% | $1.7M |
| Other non-current assets, net | $1.0M-50.1% | $2.1M-5.1% | $2.2M+6.4% | $2.0M-5.2% | $2.2M |
| Total non-current assets | $28.8M-56.8% | $66.6M-17.3% | $80.6M+24.3% | $64.8M+530.1% | $10.3M |
| Total Assets | $74.4M-43.9% | $132.6M-28.6% | $185.5M-30.7% | $267.8M-8.1% | $291.4M |
| Accounts payable | $5.5M+7.7% | $5.1M+5.2% | $4.9M+44.3% | $3.4M-8.0% | $3.7M |
| Short-term loans and current portion of long-term loans | $1.3M+404.7% | $250K | $0 | — | — |
| Accrued expenses and other current liabilities | $8.3M+128.9% | $3.6M+10.4% | $3.3M-34.6% | $5.0M+20.7% | $4.2M |
| Contractual liabilities | $3.0M-26.7% | $4.1M+68.3% | $2.4M+2.5% | $2.4M+22.9% | $1.9M |
| Operating lease liabilities, current | $1.4M-58.1% | $3.4M-18.3% | $4.2M+219.4% | $1.3M+56.5% | $839K |
| Convertible promissory notes | $4.0M-60.3% | $10.0M-0.0% | $10.0M-82.6% | $57.4M | $0 |
| Deferred government grant, current | $110K+10.3% | $100K-8.0% | $109K+309.7% | $27K | $0 |
| Amounts due to a related party | $890K+3292.3% | $26K+150.5% | $10K-98.5% | $716K | — |
| Liabilities held for sale, current | $2.1M-14.4% | $2.5M-43.8% | $4.4M | — | — |
| Total current liabilities | $26.7M-8.4% | $29.1M-0.6% | $29.3M-58.3% | $70.2M+166.1% | $26.4M |
| Long-term loans | $1.2M+235.0% | $362K | $0 | — | — |
| Deferred tax liabilities | $142K-17.0% | $172K-24.8% | $228K | $0 | — |
| Deferred government grant, non-current | $1.7M-2.2% | $1.8M-7.9% | $1.9M+287.9% | $497K | $0 |
| Derivative liability - investor warrant | $0-100.0% | $12.1M-0.4% | $12.2M-15.0% | $14.3M | $0 |
| Derivative liability - placement agent warrant | $3.5M+0.0% | $3.5M-0.0% | $3.5M+0.0% | $3.5M | $0 |
| Operating lease liabilities, non-current | $841K-88.9% | $7.6M-53.6% | $16.3M+120.2% | $7.4M+1414.6% | $490K |
| Total non-current liabilities | $7.4M-71.0% | $25.5M-25.8% | $34.4M+33.7% | $25.7M+2060.5% | $1.2M |
| Total Liabilities | $34.0M-37.6% | $54.6M-14.2% | $63.7M-33.6% | $96.0M+247.8% | $27.6M |
| Common stock ($0.0001 par value; 1,465,214 and 514,444 shares issued and outstanding as of December 31, 2025 and 2024, respectively) | $147+188.2% | $51 | $0 | $0 | $0 |
| Additional paid in capital | $437.7M+7.9% | $405.8M+0.8% | $402.3M+1.2% | $397.5M+6.0% | $374.9M |
| Accumulated deficit | -$391.9M-22.9% | -$318.9M-16.4% | -$274.0M-24.7% | -$219.8M-100.3% | -$109.7M |
| Accumulated other comprehensive loss | -$5.6M+38.1% | -$9.0M-40.1% | -$6.4M-21.4% | -$5.3M-281.1% | -$1.4M |
| Total equity attributable to shareholders | $40.3M-48.2% | $77.8M-36.1% | $121.9M-29.3% | $172.4M-34.7% | $263.8M |
| Non-controlling interests | $98K-20.0% | $122K+2982.4% | -$4K+99.1% | -$477K | $0 |
| Total Equity | $40.4M-48.2% | $78.0M-36.0% | $121.9M-29.1% | $171.9M-34.8% | $263.8M |
| Total Liabilities and Equity | $74.4M-43.9% | $132.6M-28.6% | $185.5M-30.7% | $267.8M-8.1% | $291.4M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.