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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 | 31 Dec 2024 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 | — | 302,000 | 357,000 |
| Research and development | 78M | 66M | 63M | 61M | — | 42M | 27M |
| Selling, general and administrative | 28M | 13M | 13M | 14M | — | 15M | 11M |
| Operating expenses | 106M | 78M | 76M | 75M | — | 57M | 38M |
| Operating income | −106M | −78M | −76M | −75M | — | −57M | −37M |
| Net income | −93M | −74M | −71M | −69M | −59M | −52M | −33M |
| Earnings per share | −3.20 | −3.36 | −3.31 | −3.29 | — | −2.75 | −1.74 |
| Earnings per share, diluted | −3.20 | −3.36 | −3.31 | −3.29 | — | −2.75 | −1.74 |
| Weighted average shares | 29M | 22M | 21M | 21M | — | 19M | 19M |
| Weighted average shares, diluted | 29M | 22M | 21M | 21M | — | 19M | 19M |
| 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 | 536M | 357M | 150M | 157M | 166M | 215M | 169M | 145M |
| Short-term investments | 251M | 242M |
| Metric | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
| Operating cash flow | −86M | −53M |
| Depreciation and amortisation | 39,000 | 47,000 |
| Share-based compensation | 17M | 9M |
| Capital expenditure | 62,000 | 0 |
| Investing cash flow | −344M | −51M |
| Financing cash flow | 609M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| — |
| — |
| — |
| 177M |
| — |
| — |
| Current assets | 798M | 611M | 274M | 307M | 334M | 404M | 360M | 357M |
| Property, plant and equipment | 170,000 | 147,000 | 174,000 | 258,000 | 247,000 | 230,000 | 277,000 | 369,000 |
| Total assets | 1.46B | 938M | 396M | 453M | 479M | 483M | 416M | 441M |
| Current liabilities | 50M | 60M | 53M | 49M | 40M | 38M | 33M | 21M |
| Total liabilities | 50M | 60M | 53M | 49M | 40M | 38M | 34M | 22M |
| Equity | 1.41B | 878M | 344M | 404M | 439M | 445M | 383M | 419M |
| Shares outstanding | 28M | 25M | 21M | 21M | 20M | 19M | 18M | 18M |
| Shares issued | 28M | 25M | 21M | 21M | 20M | 19M | 18M | 18M |
| 54M |