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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 190M | 130M |
| Cost of revenue | 19M | 13M |
| Research and development | 167M | 238M |
| Selling, general and administrative | 195M | 144M |
| Operating expenses | 382M | 396M |
| Operating income | −192M | −266M |
| Pre-tax income | −196M | −260M |
| Income tax | 497,000 | 346,000 |
| Net income | −197M | −261M |
| Earnings per share | −3.11 | −4.34 |
| Earnings per share, diluted | −3.11 | −4.34 |
| Weighted average shares | 65M | 61M |
| Weighted average shares, diluted | 65M | 61M |
| 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 | 62M | 54M | 52M | 136M | 106M | 89M | 48M | 162M |
| Short-term investments | 278M | 335M | 364M |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −116M | −114M |
| Share-based compensation | 67M | 40M |
| Capital expenditure | 953,000 | 0 |
| Investing cash flow | −137M | −48M |
| Financing cash flow | 218M | 191M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 155M |
| 208M |
| 231M |
| 251M |
| 157M |
| Receivables | 34M | 26M | 33M | 26M | 18M | 19M | 19M | 18M |
| Inventory | 29M | 26M | 22M | 19M | 19M | 19M | 14M | 12M |
| Current assets | 430M | 467M | 495M | 361M | 369M | 374M | 340M | 357M |
| Property, plant and equipment | 1M | 1M | 237,000 | 297,000 | 462,000 | 632,000 | 801,000 | 973,000 |
| Total assets | 442M | 480M | 507M | 373M | 387M | 392M | 364M | 382M |
| Current liabilities | 103M | 106M | 104M | 129M | 112M | 116M | 98M | 55M |
| Short-term debt | 10M | 7M | 6M | 4M | 2M | 2M | — | — |
| Long-term debt | 98M | 101M | 103M | 106M | 108M | 108M | — | — |
| Total liabilities | 205M | 210M | 211M | 239M | 224M | 228M | 211M | 202M |
| Equity | 123M | 139M | 149M | −12M | 19M | 22M | 11M | 39M |
| Shares outstanding | 68M | 67M | 67M | 64M | 63M | 62M | 61M | 61M |
| Shares issued | 68M | 67M | 67M | 64M | 63M | 62M | 61M | 61M |