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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Revenue | 215,000 | 378,000 | 593,000 | 1m | 2m | 1m |
| Research and development | 19m | 19m | 20m | 16m | 18m | 15m |
| Selling, general and administrative | 9m | 8m | 9m | 9m | 9m | 9m |
| Operating expenses | 31m | 31m | 32m | 29m | 31m | 28m |
| Operating income | −31m | −30m | −31m | −28m | −29m | −27m |
| Pre-tax income | −30m | −29m | −30m | −26m | −27m | −25m |
| Income tax | 18,000 | 104,000 | 131,000 | −4,000 | 37,000 | 0 |
| Net income | −30m | −29m | −31m | −26m | −27m | −25m |
| Earnings per share | −0.19 | −0.20 | −0.24 | −0.21 | −0.24 | −0.22 |
| Earnings per share, diluted | −0.19 | −0.20 | −0.24 | −0.21 | −0.24 | −0.22 |
| Weighted average shares | 153m | 144m | 128m | 124m | 114m | 113m |
| Weighted average shares, diluted | 153m | 144m | 128m | 124m | 114m | 113m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 9m | 20m | 9m | 38m | 47m | 41m | 55m | 61m |
| Short-term investments | 117m | 124m |
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | −26m | — | — | −22m | — | — |
| Depreciation and amortisation | 3m | 3m | 3m | 3m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 143m |
| — |
| — |
| 71m |
| — |
| — |
| Receivables | — | — | 1m | 700,000 | 1m | 0 | — | — |
| Current assets | 132m | 150m | 175m | 137m | 156m | 134m | 150m | 165m |
| Total assets | 196m | 216m | 245m | 210m | 232m | 214m | 235m | 256m |
| Current liabilities | 20m | 23m | 30m | 31m | 27m | 29m | 27m | 25m |
| Total liabilities | 24m | 27m | 35m | 37m | 34m | 34m | 34m | 34m |
| Equity | 172m | 189m | 210m | 173m | 199m | 179m | 201m | 221m |
| Shares outstanding | — | — | — | — | — | 115m | 114m | 113m |
| Shares issued | — | — | — | — | — | 115m | 114m | 113m |
| 3m |
| 3m |
| Share-based compensation | 4m | — | — | 5m | — | — |
| Capital expenditure | 30,000 | — | — | 25,000 | — | — |
| Investing cash flow | 7m | — | — | −15m | — | — |
| Financing cash flow | 8m | — | — | 43m | — | — |