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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 98m | 82m |
| Cost of revenue | 52m | 33m |
| Gross profit | 46m | 49m |
| Research and development | 36m | 38m |
| Selling, general and administrative | 39m | 40m |
| Operating expenses | 132m | 123m |
| Operating income | −86m | −74m |
| Pre-tax income | −77m | −73m |
| Income tax | 110,000 | −32,000 |
| Net income | −77m | −72m |
| Earnings per share | −0.31 | −0.34 |
| Earnings per share, diluted | −0.31 | −0.34 |
| Weighted average shares | 247m | 212m |
| Weighted average shares, diluted | 247m | 212m |
| 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 | 138m | 150m | 144m | 148m | 155m | 89m | 94m | 102m |
| Receivables | 25m | 27m | 24m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −13m | −42m |
| Share-based compensation | 23m | 21m |
| Capital expenditure | 3m | 3m |
| Investing cash flow | −3m | −3m |
| Financing cash flow | 78m | −1m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 25m |
| 20m |
| 21m |
| 21m |
| 16m |
| Inventory | 59m | 61m | 62m | 69m | 69m | 71m | 73m | 74m |
| Current assets | 240m | 249m | 241m | 254m | 257m | 193m | 199m | 204m |
| Property, plant and equipment | 16m | 17m | 17m | 17m | 18m | 20m | 21m | 23m |
| Total assets | 286m | 297m | 290m | 313m | 318m | 256m | 265m | 273m |
| Current liabilities | 60m | 65m | 50m | 45m | 42m | 48m | 43m | 41m |
| Total liabilities | 95m | 101m | 86m | 80m | 79m | 87m | 83m | 79m |
| Equity | 191m | 196m | 204m | 233m | 240m | 169m | 182m | 194m |