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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Revenue | 259M | 183M | 353M | 614M |
| Cost of revenue | 160M | 112M | 261M | 495M |
| Gross profit | 99M | 70M | 92M | 119M |
| Research and development | 45M | 46M | 52M | 77M |
| Selling, general and administrative | 29M | 25M | 27M | 35M |
| Operating expenses | 128M | 117M | 123M | 181M |
| Operating income | −29M | −47M | −30M | −62M |
| Pre-tax income | −35M | −58M | −35M | −56M |
| Income tax | 3M | 14M | −2M | −10M |
| Net income | −40M | −76M | −31M | −43M |
| Earnings per share | −0.16 | −0.29 | −0.13 | −0.18 |
| Earnings per share, diluted | −0.16 | −0.29 | −0.13 | −0.18 |
| Weighted average shares | 254M | 259M | 243M | 246M |
| Weighted average shares, diluted | 254M | 259M | 243M | 246M |
| Metric | 19/08/2026 | 18/08/2026 | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 57M | 91M | 134M | 129M | 237M |
| Short-term investments | — | — |
| Metric | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Operating cash flow | −26M | −24M | 43M | −117M |
| Depreciation and amortisation | 5M | 5M | 8M | 9M |
| Share-based compensation | 2M | 5M | 9M | 7M |
| Capital expenditure |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 997,000 |
| 5M |
| — |
| — |
| Receivables | — | — | 67M | 63M | 61M | — | — |
| Inventory | — | — | 73M | 57M | 85M | — | — |
| Current assets | — | — | 294M | 252M | 317M | — | — |
| Property, plant and equipment | — | — | 6M | 7M | 9M | — | — |
| Goodwill | — | — | 10M | 10M | 10M | — | — |
| Total assets | — | — | 565M | 529M | 636M | — | — |
| Current liabilities | — | — | 287M | 195M | 155M | — | — |
| Long-term debt | — | — | 59M | 75M | 120M | — | — |
| Total liabilities | — | — | 350M | 276M | 283M | — | — |
| Equity | — | — | 215M | 252M | 351M | 389M | 460M |
| 516,000 |
| 1M |
| 2M |
| 1M |
| Investing cash flow | 1M | −2M | 8M | −6M |
| Dividends paid | — | — | — | 6M |
| Share buybacks | 1M | 2M | 3M | 8M |
| Financing cash flow | 25M | 477,000 | −42M | 42M |