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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 515m | 547m |
| Cost of revenue | 368m | 427m |
| Gross profit | 148m | 120m |
| Research and development | 23m | 33m |
| Selling, general and administrative | 111m | 120m |
| Operating income | −28m | −102m |
| Interest expense | 18m | 17m |
| Pre-tax income | −47m | −120m |
| Income tax | 3m | 6m |
| Net income | −50m | −126m |
| Earnings per share | −1.75 | −4.50 |
| Earnings per share, diluted | −1.75 | −4.50 |
| Weighted average shares | 28m | 28m |
| Weighted average shares, diluted | 28m | 28m |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 179m | 161m | 167m | 169m | 160m | 170m | 146m | 192m |
| Inventory | 175m | 176m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −21m | 4m |
| Depreciation and amortisation | 19m | 22m |
| Share-based compensation | 2m | 4m |
| Investing cash flow | −4m | −7m |
| Dividends paid | 0 | 3m |
| Share buybacks | 0 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 199m |
| 191m |
| 185m |
| 179m |
| 246m |
| 245m |
| Current assets | 444m | 371m | 406m | 399m | 378m | 379m | 425m | 478m |
| Property, plant and equipment | 52m | 53m | 56m | 56m | 57m | 58m | 73m | 75m |
| Goodwill | — | 0 | 21m | 21m | 20m | 20m | 48m | 49m |
| Total assets | 665m | 597m | 655m | 652m | 632m | 637m | 759m | 807m |
| Current liabilities | 191m | 209m | 230m | 209m | 213m | 232m | 225m | 215m |
| Short-term debt | 2m | 0 | — | — | — | — | — | — |
| Long-term debt | 264m | 174m | 182m | 190m | 167m | 147m | 179m | 211m |
| Total liabilities | 476m | 404m | 434m | 421m | 404m | 404m | 432m | 454m |
| Equity | 190m | 192m | 221m | 231m | 227m | 233m | 328m | 353m |
| Shares outstanding | — | 35m | 35m | 35m | 35m | 35m | 35m | 35m |
| Shares issued | 35m | 35m | 35m | 35m | 35m | 35m | 35m | 35m |
| Treasury shares | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m |
| 0 |
| Financing cash flow | 24m | 5m |