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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 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|
| Revenue | 3M | 687,000 | 642,000 | 440,465 | 222,000 | 468,000 |
| Cost of revenue | 12M | 5M | 4M | 2M | 378,000 | 326,000 |
| Gross profit | −9M | −4M | −3M | −1M | −156,000 | 142,000 |
| Research and development | 19M | 13M | 9M | 7M | 5M | 6M |
| Selling, general and administrative | 15M | 13M | 8M | 5M | 2M | 2M |
| Operating expenses | 43M | 30M | 20M | 14M | 8M | 9M |
| Operating income | −52M | −35M | −23M | −15M | −8M | −9M |
| Pre-tax income | −50M | — | — | −13M | — | — |
| Income tax | −648,000 | 0 | 0 | 0 | 0 | 0 |
| Net income | −49M | −33M | −21M | −13M | −8M | −9M |
| Earnings per share | −0.65 | −0.54 | −0.36 | −0.23 | −0.20 | −0.27 |
| Earnings per share, diluted | −0.65 | −0.54 | −0.36 | −0.23 | −0.20 | −0.27 |
| Weighted average shares | 75M | 61M | 58M | 56M | 41M | 34M |
| Weighted average shares, diluted | 75M | 61M | 58M | 56M | 41M | 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 | 47M | 106M | 117M | 117M | 198M | 123M | 51M | 29M |
| Receivables | 4M | 851,000 | 805,000 |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|
| Operating cash flow | −41M | −9M | — | — |
| Depreciation and amortisation | 6M | 474,632 | 9,060 | 9,577 |
| Share-based compensation | 7M | 4M | — |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 656,000 |
| 381,455 |
| 87,000 |
| 13,099 |
| 93,132 |
| Inventory | — | 0 | 0 | 0 | 0 | 310,000 | 327,363 | 709,289 |
| Current assets | 201M | 241M | 220M | 187M | 200M | 125M | 55M | 31M |
| Property, plant and equipment | 57M | 47M | 30M | 19M | 14M | 12M | 5M | 819,244 |
| Goodwill | 28M | 16M | 12M | 5M | — | 0 | — | — |
| Total assets | 341M | 368M | 299M | 214M | 217M | 140M | 61M | 33M |
| Current liabilities | 20M | 13M | 13M | 6M | 5M | 7M | 5M | 4M |
| Total liabilities | 23M | 17M | 15M | 7M | 6M | 8M | 5M | 4M |
| Equity | 318M | 351M | 284M | 207M | 210M | 132M | 56M | 28M |
| Shares outstanding | 76M | 75M | 68M | 59M | 57M | 51M | 43M | 37M |
| Shares issued | 76M | 75M | 68M | 59M | 57M | 51M | 43M | 37M |
| Capital expenditure | 1M | 3M | — | — |
| Investing cash flow | −20M | −3M | — | — |
| Financing cash flow | 2M | 87M | — | — |