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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 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | 540m | 71m | 537m | 563m |
| Cost of revenue | 137m | 153m | 174m | 183m |
| Gross profit | 403m | 50m | 363m | 380m |
| Research and development | 166m | 232m | 347m | 422m |
| Selling, general and administrative | 126m | 36m | 438m | 568m |
| Operating income | −55m | −358m | −669m | −980m |
| Pre-tax income | −54m | −341m | −651m | −969m |
| Income tax | 2m | 806,000 | 2m | 2m |
| Net income | −55m | −347m | −654m | −971m |
| Earnings per share | −0.52 | −3.37 | −6.38 | −9.35 |
| Earnings per share, diluted | −0.52 | −0.46 | −6.38 | −9.35 |
| Weighted average shares | 89m | 86m | 85m | 87m |
| Weighted average shares, diluted | 89m | 86m | 85m | 87m |
| Metric | Aug 19, 2026 | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 478m | 520m | 615m | 905m | 1.44bn |
| Receivables | — | — | 170m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −28m | −13m | −256m | −457m |
| Depreciation and amortisation | 22m | 7m | 133m | 124m |
| Share-based compensation | 14m | 156m | 261m | 327m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 152m |
| 127m |
| — |
| — |
| Inventory | — | — | 49m | 9m | 69m | — | — |
| Current assets | — | — | 739m | 106m | 884m | — | — |
| Property, plant and equipment | — | — | 31m | 6m | 132m | — | — |
| Total assets | — | — | 820m | 885m | 1.04bn | — | — |
| Current liabilities | — | — | 247m | 266m | 263m | — | — |
| Short-term debt | — | — | 200,000 | 0 | — | — | — |
| Long-term debt | — | — | 2m | 0 | — | — | — |
| Total liabilities | — | — | 285m | 42m | 272m | — | — |
| Equity | — | — | 535m | 80m | 768m | 1.16bn | 1.85bn |
| 5m |
| 742,000 |
| 8m |
| 62m |
| Investing cash flow | −4m | −604,000 | −9m | −7m |
| Financing cash flow | 2m | −72,000 | −49m | −86m |