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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Apr 30, 2026 | Jan 31, 2026 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Jul 31, 2024 |
|---|---|---|---|---|---|---|
| Research and development | 22m | 22m | 23m | 20m | 20m | 12m |
| Selling, general and administrative | 10m | 9m | 7m | 7m | 7m | 5m |
| Operating expenses | 32m | 31m | 30m | 27m | 27m | 17m |
| Operating income | −32m | −31m | −30m | −27m | −27m | −17m |
| Pre-tax income | −30m | −30m | −29m | −26m | −25m | −14m |
| Income tax | 0 | 0 | 239,000 | 240,000 | 18,000 | −29,000 |
| Net income | −30m | −30m | −29m | −26m | −25m | −14m |
| Earnings per share | −0.43 | 0.44 | 0.57 | 0.51 | 0.48 | 0.32 |
| Earnings per share, diluted | −0.43 | 0.44 | 0.57 | 0.51 | 0.48 | 0.32 |
| Weighted average shares | 70m | 67m | 51m | 51m | 51m | 44m |
| Weighted average shares, diluted | 70m | 67m | 51m | 51m | 51m | 44m |
| Metric | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 30m | 37m | 50m | 33m | 58m | 62m | 173m | 258m |
| Short-term investments | 229m | 239m |
| Metric | Jan 31, 2026 | Jan 31, 2025 |
|---|---|---|
| Operating cash flow | −29m | −26m |
| Depreciation and amortisation | 189,000 | 102,000 |
| Share-based compensation | 3m | 2m |
| Capital expenditure | 153,000 | 299,000 |
| Investing cash flow | −126m | −85m |
| Financing cash flow | 142m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 144m |
| 169m |
| 160m |
| 151m |
| 65m |
| — |
| Current assets | 270m | 289m | 201m | 211m | 228m | 222m | 247m | 263m |
| Property, plant and equipment | 2m | 2m | 2m | 2m | 2m | 1m | 1m | 1m |
| Total assets | 308m | 337m | 221m | 246m | 267m | 286m | 311m | 267m |
| Current liabilities | 21m | 25m | 32m | 20m | 18m | 13m | 15m | 13m |
| Total liabilities | 52m | 56m | 54m | 45m | 39m | 36m | 39m | 37m |
| Equity | 255m | 282m | 168m | 201m | 227m | 250m | 273m | 230m |
| Shares outstanding | 67m | 67m | 52m | 51m | 51m | 51m | 51m | 44m |
| Shares issued | 67m | 67m | 52m | 51m | 51m | 51m | 51m | 44m |
| 1,000 |