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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 305M | 153M |
| Cost of revenue | 97M | 72M |
| Gross profit | 208M | 81M |
| Research and development | 49M | 37M |
| Selling, general and administrative | 143M | 91M |
| Operating expenses | 192M | 128M |
| Operating income | 16M | −47M |
| Pre-tax income | 8M | −42M |
| Income tax | 305,000 | 29,000 |
| Net income | 7M | −42M |
| Earnings per share | 0.18 | −4.12 |
| Earnings per share, diluted | 0.14 | −4.12 |
| Weighted average shares | 16M | 10M |
| Weighted average shares, diluted | 21M | 10M |
| 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 | 537M | 496M | 195M | — | 192M | 191M | 202M | — |
| Receivables | 61M | 42M |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | 25M | −41M |
| Depreciation and amortisation | 7M | 7M |
| Share-based compensation | 16M | 8M |
| Capital expenditure | 9M | 5M |
| Investing cash flow | −9M | −5M |
| Share buybacks | 0 | 546,000 |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 35M |
| — |
| — |
| 25M |
| — |
| — |
| Inventory | 19M | 18M | 17M | — | — | 9M | — | — |
| Current assets | 624M | 561M | 252M | — | — | 228M | — | — |
| Property, plant and equipment | 22M | 20M | 19M | — | — | 17M | — | — |
| Total assets | 701M | 633M | 328M | — | — | 302M | — | — |
| Current liabilities | 57M | 48M | 41M | — | — | 28M | — | — |
| Long-term debt | 90M | 57M | 55M | — | — | 51M | — | — |
| Total liabilities | 195M | 153M | 148M | — | — | 134M | — | — |
| Equity | 506M | 480M | −240M | −250M | −253M | −252M | −243M | −230M |
| Shares outstanding | — | — | 11M | — | — | 11M | — | — |
| Shares issued | — | — | 11M | — | — | 11M | — | — |
| Financing cash flow | 289M | 141M |