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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 | 1m | 534,000 | 476,000 | 224,000 | 456,000 | 317,000 | 223,000 |
| Cost of revenue | 5m | 4m | 3m | 184,000 | 4m | 777,000 | 0 |
| Research and development | 8m | 6m | 6m | 6m | 5m | 3m | 2m |
| Selling, general and administrative | 13m | 17m | 19m | 20m | 30m | 9m | 8m |
| Operating expenses | 29m | 30m | 143m | 261m | 41m | 14m | 12m |
| Operating income | −27m | −29m | −143m | −261m | −40m | −14m | −11m |
| Pre-tax income | −31m | −38m | −143m | −255m | −73m | −8m | −11m |
| Income tax | −3m | −4m | −2m | −1m | −3m | 0 | 0 |
| Net income | −21m | −28m | −141m | −254m | −62m | −2m | −11m |
| Earnings per share | −0.27 | −0.51 | −1.60 | −3.10 | −1.41 | −0.94 | — |
| Earnings per share, diluted | −0.27 | −0.51 | −1.60 | −3.10 | −1.41 | −0.94 | — |
| Weighted average shares | 78m | 56m | 53m | 46m | 44m | 11m | — |
| Weighted average shares, diluted | 78m | 56m | 53m | 46m | 44m | 11m | — |
| 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 | 55m | 60m | 9m | 7m | 1m | 11m | 45,000 | 2m |
| Receivables | 840,000 | 1m | 2m | 901,000 | 237,000 | 283,000 | — | — |
| Inventory | 2m | 2m | 6m | 7m | 5m | 5m | 3m | — |
| Current assets | 82m | 83m | 32m | 21m | 10m | 24m | 21m | — |
| Property, plant and equipment | 2m | 2m | 2m | 2m | 2m | 1m | 1m | — |
| Goodwill | 323m | 323m | 323m | 323m | 437m | 668m | — | — |
| Total assets | 591m | 599m | 557m | 556m | 660m | 905m | 56m | — |
| Current liabilities | 60m | 76m | 82m | 72m | 47m | 69m | 42m | — |
| Total liabilities | 93m | 116m | 150m | 130m | 106m | 139m | 55m | — |
| Equity | 223m | 204m | 191m | 426m | 526m | 426m | −5m | −12m |
| Shares outstanding | 80m | 68m | 56m | 55m | 47m | 45m | 44m | — |
| Shares issued | 80m | 68m | 56m | 55m | 47m | 45m | 44m | — |
| Metric | Mar 31, 2026 | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|---|
| Operating cash flow | −34m | −15m | −29m |
| Depreciation and amortisation | 6m | 6m | 5m |
| Share-based compensation | 5m | 6m | 16m |
| Capital expenditure | 846,000 | 917,000 | 266,000 |
| Investing cash flow | −846,000 | −3m | 7m |
| Dividends paid | — | 26,000 | 663,000 |
| Financing cash flow | 30m | 8m | 33m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)