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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 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 18m | 9m | 4m | 18m | 13m | 9m | 5m |
| Cost of revenue | 18m | 5m | 3m | 18m | 14m | 11m | 10m |
| Gross profit | −64,000 | 4m | 1m | −23,000 | −288,000 | −1m | −5m |
| Selling, general and administrative | 10m | 12m | 10m | 8m | 5m | 9m | 5m |
| Operating expenses | −10m | 18m | 20m | 16m | — | 16m | 18m |
| Operating income | 10m | −14m | −19m | −16m | −20m | −17m | −23m |
| Pre-tax income | 2m | −6m | −9m | −26m | −19m | −19m | −24m |
| Income tax | −193,000 | 58,000 | 0 | −182,000 | 0 | −283,000 | −283,000 |
| Net income | 5m | −5m | −9m | −25m | −17m | −16m | −24m |
| Earnings per share | 0.03 | −0.03 | −0.03 | −0.13 | −0.09 | −0.09 | −0.12 |
| Earnings per share, diluted | 0.03 | −0.03 | −0.03 | −0.13 | −0.09 | −0.09 | −0.12 |
| Weighted average shares | 191m | 187m | 187m | 186m | 186m | 185m | 183m |
| Weighted average shares, diluted | 191m | 187m | 187m | 186m | 186m | 185m | 183m |
| 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 | 42m | 52m | 92m | 27m | 30m | 40m | 54m | 63m |
| Short-term investments | — |
| Metric | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | −21m | — | — | −8m | — | — | — |
| Depreciation and amortisation | 1m | 1m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| — |
| 24m |
| 21m |
| 16m |
| Receivables | 5m | 5m | — | — | — | 0 | — | — |
| Inventory | 10m | 5m | 11m | 10m | 6m | 21m | 27m | 27m |
| Current assets | 134m | 110m | 129m | 50m | 54m | 87m | 96m | 106m |
| Property, plant and equipment | 41m | 41m | 37m | 32m | 29m | 24m | 19m | 24m |
| Total assets | 452m | 430m | 442m | 359m | 363m | 393m | 398m | 408m |
| Current liabilities | 12m | 14m | 9m | 20m | 18m | 30m | 27m | 24m |
| Short-term debt | — | 0 | 0 | 10m | 10m | 20m | 21m | 21m |
| Long-term debt | 110m | 110m | 109m | — | — | 0 | — | — |
| Total liabilities | 170m | 172m | 164m | 64m | 63m | 74m | 66m | 63m |
| Equity | 255m | 229m | 249m | 295m | 300m | 286m | 332m | 345m |
| Shares outstanding | 194m | 187m | 187m | 187m | 186m | 186m | — | — |
| Shares issued | 194m | 187m | 187m | 187m | 186m | 186m | — | — |
| 1m |
| 2m |
| 958,000 |
| 792,000 |
| 783,000 |
| Share-based compensation | 2m | — | — | 878,000 | — | — | — |
| Capital expenditure | — | — | — | 4m | — | — | — |
| Investing cash flow | −6m | — | — | −8m | — | — | — |
| Financing cash flow | 18m | — | — | 5m | — | — | — |