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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | — | 0 | 0 | 0 |
| Research and development | 6m | 6m | 3m | 3m | 6m | 5m | 4m |
| Selling, general and administrative | 7m | 8m | 6m | 7m | 4m | 5m | 2m |
| Operating expenses | 14m | 13m | 10m | 10m | 10m | 11m | 6m |
| Operating income | −14m | −13m | −10m | −10m | −10m | −11m | −6m |
| Net income | −12m | −12m | −9m | −9m | −9m | −10m | −5m |
| Earnings per share | −0.24 | −0.26 | −0.22 | −0.21 | −0.24 | −0.26 | −0.18 |
| Earnings per share, diluted | −0.24 | −0.26 | −0.22 | −0.21 | −0.24 | −0.26 | −0.18 |
| Weighted average shares | 49m | 46m | 42m | 41m | 39m | 37m | 28m |
| Weighted average shares, diluted | 49m | 46m | 42m | 41m | 39m | 37m | 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 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 185m | 189m | 94m | 98m | 104m | 78m | 68m | 51m |
| Current assets | 186m | 190m | 95m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | — | — | −3m | — | — | −5m |
| Depreciation and amortisation | 14,000 | 14,000 | 13,000 | 13,000 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 99m |
| 104m |
| 79m |
| 68m |
| 52m |
| Property, plant and equipment | 116,000 | 115,000 | 118,000 | 131,000 | 145,000 | 151,000 | 154,000 | 179,000 |
| Total assets | 187m | 191m | 96m | 100m | 105m | 79m | 69m | 52m |
| Current liabilities | 3m | 3m | 2m | 2m | 7m | 3m | 5m | 5m |
| Total liabilities | 4m | 3m | 2m | 2m | 8m | 3m | 5m | 5m |
| Equity | 183m | 187m | 94m | 97m | 98m | 76m | 64m | 47m |
| Shares outstanding | 34m | 34m | 26m | 26m | 26m | 23m | 18m | 10m |
| Shares issued | 34m | 34m | 26m | 26m | 26m | 23m | 18m | 10m |
| 14,000 |
| 25,000 |
| Share-based compensation | — | — | 5m | — | — | 435,000 |
| Investing cash flow | — | — | 0 | — | — | 0 |
| Financing cash flow | — | — | 0 | — | — | 22m |