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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 |
|---|---|---|---|---|---|---|
| Research and development | — | 5m | 7m | 7m | 8m | 5m |
| Selling, general and administrative | — | 9m | 6m | 6m | 5m | 3m |
| Operating expenses | 10m | 15m | 13m | 13m | 12m | 8m |
| Interest expense | — | — | — | — | 366,000 | 804,000 |
| Net income | −10m | −14m | −13m | −13m | −13m | −8m |
| Earnings per share | −0.19 | −0.28 | −0.37 | −0.37 | −0.36 | −0.25 |
| Earnings per share, diluted | −0.19 | −0.28 | −0.37 | −0.37 | −0.36 | −0.25 |
| Weighted average shares | 53m | 51m | 35m | 35m | 34m | 34m |
| Weighted average shares, diluted | 53m | 51m | 35m | 35m | 34m | 34m |
| 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 | 28m | 21m | 32m | 52m | 13m | 13m | 10m | 15m |
| Short-term investments | 1m | 15m |
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | −7m | — | — | −11m | — | — |
| Depreciation and amortisation | 57,000 | — | — |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 16m |
| 4m |
| 10m |
| 22m |
| 33m |
| 47m |
| Current assets | 31m | 40m | 50m | 57m | 25m | 36m | 46m | 63m |
| Goodwill | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
| Total assets | 33m | 42m | 52m | 59m | 27m | 39m | 48m | 65m |
| Current liabilities | 12m | 9m | 10m | 9m | 7m | 7m | 7m | 14m |
| Total liabilities | 22m | 20m | 18m | 17m | 17m | 18m | 17m | 23m |
| Equity | 11m | 22m | 34m | 42m | 10m | 21m | 31m | 42m |
| Shares outstanding | 53m | 53m | 53m | 50m | 35m | 35m | 34m | 34m |
| Shares issued | 53m | 53m | 53m | 50m | 35m | 35m | 34m | 34m |
| 62,000 |
| — |
| — |
| Share-based compensation | −685,000 | 2m | 3m | 2m | 1m | 1m |
| Investing cash flow | 14m | — | — | 11m | — | — |
| Financing cash flow | 21,000 | — | — | — | — | — |