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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | May 31, 2025 | May 31, 2024 |
|---|---|---|
| Revenue | 292m | 304m |
| Cost of revenue | 135m | 149m |
| Gross profit | 158m | 155m |
| Research and development | 26m | 32m |
| Selling, general and administrative | 42m | 41m |
| Operating expenses | 198m | 402m |
| Operating income | −40m | −192m |
| Interest expense | — | −2m |
| Pre-tax income | −34m | −192m |
| Income tax | −39,000 | −7m |
| Net income | −34m | −184m |
| Earnings per share | −0.83 | −4.59 |
| Earnings per share, diluted | −0.83 | −4.59 |
| Weighted average shares | 41m | 40m |
| Weighted average shares, diluted | 41m | 40m |
| Metric | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 38m | 42m | 39m | 56m | 45m | 54m | 55m | 76m |
| Receivables | 46m | 44m | 43m |
| Metric | May 31, 2025 | May 31, 2024 |
|---|---|---|
| Operating cash flow | −10m | −28m |
| Depreciation and amortisation | 26m | 28m |
| Share-based compensation | 10m | 11m |
| Capital expenditure | 4m | 3m |
| Investing cash flow | −10m | 124m |
| Share buybacks | 2m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 43m |
| 43m |
| 43m |
| 40m |
| 44m |
| Inventory | 59m | 66m | 62m | 62m | 63m | 66m | 65m | 61m |
| Current assets | 156m | 161m | 157m | 168m | 172m | 175m | 173m | 193m |
| Property, plant and equipment | 29m | 31m | 31m | 32m | 33m | 33m | 34m | 36m |
| Goodwill | — | — | — | — | — | — | — | 0 |
| Total assets | 261m | 270m | 266m | 280m | 285m | 292m | 294m | 318m |
| Current liabilities | 66m | 72m | 68m | 76m | 78m | 89m | 77m | 91m |
| Long-term debt | — | — | — | — | — | — | — | 0 |
| Total liabilities | 87m | 93m | 87m | 97m | 100m | 105m | 97m | 112m |
| Equity | 173m | 176m | 179m | 183m | 186m | 187m | 197m | 206m |
| Shares outstanding | 42m | 42m | 41m | 41m | 41m | 41m | 41m | 40m |
| Shares issued | 42m | 42m | 42m | 42m | 42m | 41m | 41m | 41m |
| Treasury shares | 613,847 | 613,847 | 613,847 | 613,847 | 613,847 | 613,847 | 442,141 | 614m |
| 0 |
| Financing cash flow | −255,000 | −64m |