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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Revenue | — | 396,000 | 193,000 | 1m | 2m | 2m |
| Research and development | 35m | 32m | 26m | 27m | 26m | 18m |
| Selling, general and administrative | 12m | 8m | 9m | 7m | 7m | 6m |
| Operating expenses | 47m | 41m | 35m | 34m | 32m | 24m |
| Operating income | −47m | −40m | −35m | −33m | −30m | −22m |
| Net income | −41m | −37m | −32m | −30m | −25m | −18m |
| Earnings per share | −0.85 | −0.97 | −0.88 | −0.82 | −0.74 | −0.51 |
| Earnings per share, diluted | −0.85 | −0.97 | −0.88 | −0.82 | −0.74 | −0.51 |
| Weighted average shares | 48m | 38m | 36m | 36m | 34m | 34m |
| Weighted average shares, diluted | 48m | 38m | 36m | 36m | 34m | 34m |
| 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 | 628m | 51m | 56m | 13m | 10m | 23m | 34m | 314m |
| Short-term investments | 484m | 353m |
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | −29m | — | — | −28m | — | — |
| Depreciation and amortisation | 32,000 | 27,000 | 30,000 | 27,000 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 347m |
| 244m |
| 253m |
| 252m |
| 247m |
| 47m |
| Receivables | 1m | 52,000 | 5m | 39,000 | 1m | 0 | 1m | 840,000 |
| Current assets | 1.12bn | 409m | 414m | 264m | 271m | 281m | 287m | 366m |
| Property, plant and equipment | 274,000 | 296,000 | 185,000 | 207,000 | 191,000 | 194,000 | 189,000 | 189,000 |
| Total assets | 1.25bn | 531m | 577m | 326m | 349m | 374m | 354m | 369m |
| Current liabilities | 38m | 31m | 24m | 20m | 17m | 18m | 16m | 10m |
| Total liabilities | 46m | 38m | 31m | 23m | 20m | 22m | 16m | 11m |
| Equity | 1.20bn | 493m | 546m | 303m | 329m | 352m | 338m | 358m |
| Shares outstanding | 55m | 43m | 43m | 32m | 32m | 31m | 29m | 29m |
| Shares issued | 55m | 43m | 43m | 32m | 32m | 31m | 29m | 29m |
| 25,000 |
| 23,000 |
| Share-based compensation | 11m | — | — | 5m | — | — |
| Investing cash flow | −134m | — | — | 15m | — | — |
| Financing cash flow | 739m | — | — | 161,000 | — | — |