Loading the section
Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 652m | 801m |
| Cost of revenue | 432m | 530m |
| Gross profit | 219m | 271m |
| Research and development | 127m | 186m |
| Selling, general and administrative | 56m | 60m |
| Operating expenses | 303m | 406m |
| Operating income | −83m | −135m |
| Interest expense | — | 3m |
| Pre-tax income | −91m | −133m |
| Income tax | 2m | 299m |
| Net income | −93m | −432m |
| Earnings per share | — | −2.82 |
| Earnings per share, diluted | −0.59 | −2.82 |
| Weighted average shares | — | 153m |
| Weighted average shares, diluted | 159m | 153m |
| 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 | 41m | 50m | 153m | 59m | 70m | 103m | 130m | 133m |
| Receivables | 62m | 94m | 87m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −21m | −125m |
| Depreciation and amortisation | 7m | 6m |
| Share-based compensation | 20m | 29m |
| Capital expenditure | 3m | 4m |
| Investing cash flow | −3m | 8m |
| Share buybacks | 0 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 83m |
| 77m |
| 86m |
| 133m |
| 86m |
| Inventory | 72m | 78m | 84m | 84m | 96m | 121m | 155m | 97m |
| Current assets | 207m | 253m | 359m | 255m | 279m | 339m | 455m | 351m |
| Property, plant and equipment | 8m | 6m | 7m | 8m | 8m | 9m | 9m | 9m |
| Goodwill | 134m | 134m | 134m | 134m | 134m | 152m | 152m | 152m |
| Total assets | 381m | 428m | 539m | 439m | 463m | 544m | 662m | 557m |
| Current liabilities | 357m | 277m | 379m | 309m | 317m | 356m | 344m | 238m |
| Short-term debt | 72m | 20m | 138m | 99m | 118m | 93m | — | — |
| Long-term debt | 0 | 44m | 44m | — | — | 0 | 93m | 93m |
| Total liabilities | 383m | 351m | 458m | 341m | 353m | 392m | 478m | 372m |
| Equity | −2m | 77m | 80m | 98m | 110m | 152m | 184m | 185m |
| Treasury shares | — | — | — | — | 27m | 27m | 27m | 27m |
| 0 |
| Financing cash flow | −30m | −929,000 |