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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | 99m | 70m | 102m |
| Cost of revenue | 94m | 92m | 124m |
| Gross profit | 5m | −22m | −22m |
| Research and development | 59m | 94m | 98m |
| Operating income | −103m | −183m | −163m |
| Pre-tax income | −91m | −323m | −144m |
| Income tax | 51,000 | 121,000 | 158,000 |
| Net income | −91m | −324m | −178m |
| Earnings per share | −0.30 | −1.08 | −0.59 |
| Earnings per share, diluted | −0.30 | −1.08 | −0.59 |
| Weighted average shares | 300m | 299m | 299m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|
| Cash and equivalents | — | 527m | 604m | 751m | 914m |
| Receivables | — | 24m | 32m | 59m | — |
| Inventory | — | 44m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | −56m | −108m | −105m |
| Depreciation and amortisation | 4m | 12m | 14m |
| Share-based compensation | 6m | 7m | 11m |
| Capital expenditure | 10m | 26m | 41m |
| Investing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 56m |
| 46m |
| — |
| Current assets | — | 601m | 699m | 865m | — |
| Goodwill | — | — | 0 | 40m | — |
| Total assets | — | 682m | 777m | 1.08bn | — |
| Current liabilities | — | 61m | 76m | 71m | — |
| Total liabilities | — | 92m | 104m | 86m | — |
| Equity | — | 590m | 673m | 991m | 1.16bn |
| Shares outstanding | — | 301m | 299m | 299m | — |
| −21m |
| −37m |
| −54m |
| Financing cash flow | −3m | −2m | −4m |