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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Mar 2026 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|
| Revenue | 57M | 31M | 15M | 10M | 854,000 | 898,000 |
| Cost of revenue | 101M | 64M | 46M | 35M | 26M | 14M |
| Gross profit | −44M | −34M | −31M | −25M | −25M | −13M |
| Research and development | 11M | 7M | 7M | 7M | 7M | 4M |
| Selling, general and administrative | 24M | 20M | 25M | 21M | 18M | 11M |
| Operating expenses | 35M | 27M | 33M | 28M | 28M | 16M |
| Operating income | −79M | −61M | −64M | −53M | −53M | −29M |
| Pre-tax income | 509M | −641M | −223M | 15M | −343M | −28M |
| Income tax | 5,000 | 4,000 | 6,000 | 5,000 | −16,000 | 8,000 |
| Net income | 509M | −641M | −223M | 15M | −343M | −28M |
| Earnings per share | 2.43 | −4.91 | −1.05 | 0.42 | −1.77 | −0.25 |
| Earnings per share, diluted | 0.12 | −4.91 | −1.05 | −0.20 | −1.77 | −0.25 |
| Weighted average shares | 340M | 272M | 238M | 225M | 217M | 211M |
| Weighted average shares, diluted | 545M | 272M | 238M | 436M | 217M | 211M |
| 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 | 411M | 568M | 59M | 120M | 83M | 74M | 23M | 52M |
| Receivables | 4M | 7M | 5M |
| Metric | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
| Operating cash flow | −120M | −29M |
| Depreciation and amortisation | 5M | 3M |
| Share-based compensation | 6M | 8M |
| Capital expenditure | 35M | 5M |
| Investing cash flow | −35M | −5M |
| Financing cash flow | 3M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 3M |
| 7M |
| 3M |
| 3M |
| 5M |
| Inventory | 59M | 59M | 48M | 41M | 40M | 33M | 26M | 18M |
| Current assets | 590M | 708M | 189M | 232M | 186M | 180M | 149M | 184M |
| Goodwill | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M |
| Total assets | 799M | 885M | 328M | 361M | 263M | 260M | 217M | 249M |
| Current liabilities | 125M | 144M | 103M | 104M | 91M | 65M | 75M | 68M |
| Total liabilities | 1.09B | 1.76B | 1.43B | 932M | 695M | 842M | 635M | 399M |
| Equity | −868M | −2.24B | −2.32B | −1.10B | −942M | −1.07B | −574M | −191M |
| Shares outstanding | 339M | 337M | 282M | 256M | 227M | 222M | 217M | 216M |
| Shares issued | — | 337M | — | 256M | 227M | 222M | 217M | 216M |
| 42M |