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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 169M | 111M |
| Cost of revenue | 86M | 71M |
| Gross profit | 83M | 40M |
| Research and development | 65M | 58M |
| Selling, general and administrative | 65M | 59M |
| Operating expenses | 157M | 145M |
| Operating income | −74M | −104M |
| Pre-tax income | −63M | −97M |
| Income tax | −3M | 537,000 |
| Net income | −60M | −97M |
| Earnings per share | −1.07 | −2.08 |
| Earnings per share, diluted | −1.07 | −2.08 |
| Weighted average shares | 56M | 47M |
| Weighted average shares, diluted | 56M | 47M |
| 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 | 79M | 67M | 87M | 76M | 54M | 46M | 44M | 53M |
| Short-term investments | 94M | 141M | 157M |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −40M | −34M |
| Depreciation and amortisation | 8M | 10M |
| Share-based compensation | 41M | 40M |
| Capital expenditure | 25M | 4M |
| Investing cash flow | −36M | 15M |
| Financing cash flow | 98M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 150M |
| 114M |
| 126M |
| 107M |
| 132M |
| Receivables | 26M | 28M | 25M | 15M | 18M | 18M | 18M | 14M |
| Inventory | 30M | 24M | 17M | 14M | 15M | 16M | 19M | 19M |
| Current assets | 251M | 279M | 305M | 273M | 219M | 220M | 200M | 252M |
| Property, plant and equipment | 34M | 32M | 13M | 11M | 10M | 10M | 9M | 9M |
| Goodwill | 39M | 0 | — | — | — | — | — | — |
| Total assets | 382M | 350M | 354M | 322M | 269M | 276M | 255M | 310M |
| Current liabilities | 84M | 71M | 94M | 86M | 85M | 78M | 64M | 74M |
| Long-term debt | — | — | — | — | — | 0 | 0 | 44M |
| Total liabilities | 106M | 88M | 106M | 101M | 101M | 95M | 83M | 139M |
| Equity | 276M | 262M | 247M | 221M | 168M | 181M | 172M | 171M |
| Shares outstanding | 63M | 61M | 60M | 58M | 54M | 53M | 50M | 47M |
| Shares issued | 63M | 61M | 60M | 58M | 54M | 53M | 50M | 47M |
| 15M |