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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31/03/2026 | 30/09/2025 | 30/06/2025 | 31/03/2025 | 30/09/2024 | 30/06/2024 |
|---|---|---|---|---|---|---|
| Revenue | 19M | 11M | 2M | — | — | 10M |
| Research and development | 38M | 29M | 25M | 29M | 25M | 18M |
| Selling, general and administrative | 22M | 21M | 21M | 15M | 12M | 10M |
| Operating expenses | 64M | 52M | 46M | 44M | 37M | 28M |
| Operating income | −45M | −41M | −44M | −44M | −37M | −18M |
| Interest expense | 382,000 | 319,000 | 212,000 | 192,000 | 1M | 1M |
| Net income | −37M | −99M | −26M | −52M | −24M | −8M |
| Earnings per share | −0.37 | −1.35 | −0.39 | −0.96 | −0.60 | −0.31 |
| Earnings per share, diluted | −0.46 | −1.35 | −0.62 | −0.96 | −0.60 | −0.31 |
| Weighted average shares | 98M | 73M | 66M | 54M | 40M | 27M |
| Weighted average shares, diluted | 99M | 73M | 74M | 54M | 40M | 27M |
| 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 | 166M | 205M | 138M | 164M | 118M | 89M | 113M | 84M |
| Short-term investments | 16M | — |
| Metric | 31/03/2026 | 31/03/2025 |
|---|---|---|
| Operating cash flow | −52M | −39M |
| Depreciation and amortisation | — | 10,000 |
| Share-based compensation | 2M | 2M |
| Investing cash flow | −16M | — |
| Financing cash flow | 29M | 67M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
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| Receivables | 10M | 9M | 7M | 2M | — | — | — | 10M |
| Inventory | 2M | 2M | 2M | 1M | — | — | — | — |
| Current assets | 203M | 223M | 154M | 174M | 125M | 95M | 121M | 100M |
| Property, plant and equipment | — | — | 20,000 | 21,000 | 22,000 | 32,000 | 39,000 | 46,000 |
| Total assets | 228M | 246M | 177M | 196M | 132M | 102M | 126M | 106M |
| Current liabilities | 67M | 72M | 60M | 50M | 36M | 31M | 37M | 30M |
| Total liabilities | 146M | 189M | 192M | 160M | 164M | 130M | 94M | 66M |
| Equity | 82M | 57M | −16M | 36M | −32M | −29M | 11M | 19M |
| Shares outstanding | 88M | 78M | 67M | 62M | 51M | 45M | 40M | 27M |
| Shares issued | 88M | 78M | 67M | 62M | 51M | 45M | 40M | 27M |