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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 | 26m | 76m | 22m | 28m | 30m | 11m |
| Research and development | — | 31m | 38m | 41m | 42m | 42m |
| Selling, general and administrative | 26m | 10m | 11m | 14m | 11m | 9m |
| Operating expenses | 60m | 42m | 48m | 55m | 53m | 51m |
| Operating income | −35m | 35m | −26m | −28m | −23m | −40m |
| Pre-tax income | −53m | 15m | −39m | −39m | −33m | −47m |
| Income tax | 40,000 | 0 | 39,000 | 44,000 | 0 | 9,000 |
| Net income | −53m | 15m | −39m | −39m | −33m | −47m |
| Earnings per share | −1.84 | 0.54 | −1.34 | −1.28 | −1.14 | −1.71 |
| Earnings per share, diluted | −1.84 | 0.52 | −1.34 | −1.28 | −1.14 | −1.71 |
| Weighted average shares | 29m | 28m | 29m | 31m | 29m | 27m |
| Weighted average shares, diluted | 29m | 29m | 29m | 31m | 29m | 27m |
| 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 | 248m | 238m | 110m | 44m | 99m | 123m | 192m | 72m |
| Receivables | 26m | 34m | 76m |
| Metric | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Operating cash flow | −26m | −11m |
| Depreciation and amortisation | 130,000 | 146,000 |
| Share-based compensation | 14m | 9m |
| Capital expenditure | 17,000 | 35,000 |
| Investing cash flow | 35m | 15m |
| Share buybacks | 0 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 21m |
| 18m |
| 41m |
| 12m |
| 9m |
| Current assets | 316m | 350m | 331m | 292m | 363m | 432m | 449m | 367m |
| Property, plant and equipment | 1m | 1m | 2m | 2m | 2m | 2m | 2m | 2m |
| Total assets | 330m | 364m | 353m | 335m | 422m | 484m | 493m | 427m |
| Current liabilities | 42m | 39m | 38m | 36m | 44m | 45m | 44m | 40m |
| Equity | 13m | 37m | −29m | −45m | 34m | 71m | 84m | 10m |
| Shares outstanding | 29m | 28m | 28m | 28m | 30m | 30m | 30m | 27m |
| Shares issued | 29m | 28m | 28m | 28m | 30m | 30m | 30m | 27m |
| 4m |
| Financing cash flow | 1m | −29m |