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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31/12/2025 | 31/12/2024 |
|---|---|---|
| Revenue | 89M | 65M |
| Cost of revenue | 11M | 9M |
| Gross profit | 78M | 57M |
| Research and development | 19M | 14M |
| Selling, general and administrative | 44M | 34M |
| Operating expenses | 137M | 96M |
| Operating income | −58M | −40M |
| Pre-tax income | −53M | −40M |
| Income tax | 0 | 0 |
| Net income | −53M | −40M |
| Earnings per share | −1.46 | −3.39 |
| Earnings per share, diluted | −1.46 | −3.39 |
| Weighted average shares | 37M | 12M |
| Weighted average shares, diluted | 37M | 12M |
| Metric | 31/03/2026 | 31/12/2025 | 30/09/2025 | 30/06/2025 | 31/03/2025 | 31/12/2024 | 30/09/2024 | 30/06/2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 45M | 40M | 24M | 40M | 153M | 194M | 14M | 24M |
| Short-term investments | 96M | 119M | 145M |
| Metric | 31/12/2025 | 31/12/2024 |
|---|---|---|
| Operating cash flow | −41M | −35M |
| Depreciation and amortisation | 1M | 1M |
| Share-based compensation | 12M | 5M |
| Capital expenditure | 767,000 | 1M |
| Investing cash flow | −118M | −2M |
| Financing cash flow | 5M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 137M |
| 29M |
| — |
| — |
| — |
| Receivables | 16M | 15M | 12M | 12M | 11M | 11M | 10M | — |
| Inventory | 7M | 7M | 6M | 6M | 7M | 7M | 7M | — |
| Current assets | 169M | 187M | 192M | 200M | 205M | 217M | 35M | — |
| Property, plant and equipment | 2M | 2M | 2M | 2M | 2M | 2M | 2M | — |
| Total assets | 178M | 196M | 200M | 208M | 213M | 225M | 47M | — |
| Current liabilities | 16M | 19M | 15M | 15M | 12M | 13M | 13M | — |
| Total liabilities | 37M | 40M | 35M | 36M | 33M | 34M | 36M | — |
| Equity | 141M | 155M | 164M | 172M | 181M | 191M | −136M | −127M |
| Shares outstanding | 38M | 37M | 37M | 37M | 36M | 36M | 6M | — |
| Shares issued | 38M | 37M | 37M | 37M | 36M | 36M | 6M | — |
| 197M |