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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 56M | 48M |
| Cost of revenue | 28M | 23M |
| Gross profit | 28M | 25M |
| Research and development | 16M | 15M |
| Selling, general and administrative | 39M | 39M |
| Operating expenses | 68M | 82M |
| Operating income | −39M | −57M |
| Pre-tax income | −33M | −53M |
| Income tax | −66,000 | −282,000 |
| Net income | 19M | −72M |
| Earnings per share | 0.54 | −2.12 |
| Earnings per share, diluted | 0.54 | −2.12 |
| Weighted average shares | 36M | 34M |
| Weighted average shares, diluted | 36M | 34M |
| 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 | 68M | 71M | 63M | 62M | 79M | 44M | 45M | 47M |
| Short-term investments | 44M | 42M | 49M |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −24M | −30M |
| Depreciation and amortisation | 4M | 5M |
| Share-based compensation | 10M | 12M |
| Capital expenditure | 955,000 | 602,000 |
| Investing cash flow | 51M | −46M |
| Financing cash flow | −697,000 |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 57M |
| 45M |
| 26M |
| 27M |
| 31M |
| Receivables | 10M | 11M | 11M | 6M | 7M | 9M | 17M | 11M |
| Inventory | 13M | 13M | 15M | 15M | 13M | 11M | 18M | 19M |
| Current assets | 142M | 145M | 145M | 148M | 149M | 103M | 109M | 110M |
| Property, plant and equipment | 4M | 4M | 4M | 2M | 2M | 2M | 4M | 4M |
| Goodwill | — | — | — | — | — | 0 | 10M | 40M |
| Total assets | 187M | 190M | 191M | 192M | 196M | 159M | 178M | 209M |
| Current liabilities | 40M | 34M | 41M | 30M | 20M | 25M | 26M | 22M |
| Total liabilities | 53M | 46M | 55M | 43M | 37M | 45M | 47M | 52M |
| Equity | 134M | 144M | 136M | 149M | 159M | 115M | 131M | 156M |
| Shares outstanding | 37M | 36M | 36M | 36M | 36M | 35M | 35M | 35M |
| Shares issued | 37M | 36M | 36M | 36M | 36M | 35M | 35M | 35M |
| −376,000 |