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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31/12/2025 | 31/12/2024 |
|---|---|---|
| Revenue | 260M | 170M |
| Cost of revenue | 89M | 67M |
| Gross profit | 171M | 103M |
| Research and development | 41M | 36M |
| Selling, general and administrative | 52M | 43M |
| Operating expenses | 183M | 147M |
| Operating income | −12M | −44M |
| Pre-tax income | −13M | −47M |
| Income tax | 0 | 0 |
| Net income | −13M | −47M |
| Earnings per share | −0.35 | −6.11 |
| Earnings per share, diluted | −0.35 | −6.11 |
| Weighted average shares | 37M | 8M |
| Weighted average shares, diluted | 37M | 8M |
| 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 | 212M | 222M | 199M | 223M | 59M | 76M | 84M | 84M |
| Receivables | 40M | 35M | 41M |
| Metric | 31/12/2025 | 31/12/2024 |
|---|---|---|
| Operating cash flow | 18M | −34M |
| Depreciation and amortisation | 5M | 5M |
| Share-based compensation | 13M | 9M |
| Capital expenditure | 1M | 596,000 |
| Investing cash flow | −6M | −4M |
| Financing cash flow | 133M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 33M |
| — |
| 23M |
| — |
| — |
| Inventory | 4M | 4M | 3M | 3M | — | 3M | — | — |
| Current assets | 269M | 273M | 255M | 271M | — | 113M | — | — |
| Property, plant and equipment | 8M | 8M | 8M | 6M | — | 6M | — | — |
| Goodwill | 13M | 13M | 13M | 13M | — | 13M | — | — |
| Total assets | 303M | 305M | 287M | 303M | — | 151M | — | — |
| Current liabilities | 69M | 76M | 70M | 58M | — | 54M | — | — |
| Long-term debt | — | 0 | 0 | 30M | — | 30M | — | — |
| Total liabilities | 69M | 76M | 70M | 89M | — | 86M | — | — |
| Equity | 234M | 230M | 217M | 214M | −390M | −384M | −380M | −373M |
| Shares outstanding | 59M | 58M | 58M | 57M | — | 8M | — | — |
| Shares issued | 59M | 58M | 58M | 57M | — | 8M | — | — |
| −1M |