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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 210m | 228m |
| Selling, general and administrative | 93m | 53m |
| Operating expenses | 297m | 285m |
| Operating income | −87m | −57m |
| Pre-tax income | −103m | −347m |
| Income tax | 4m | 37,000 |
| Net income | −83m | −283m |
| Earnings per share | −0.73 | −4.63 |
| Earnings per share, diluted | −0.73 | −4.63 |
| Weighted average shares | 115m | 61m |
| Weighted average shares, diluted | 115m | 61m |
| 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 | 232m | 583m | 622m | 345m | 373m | 208m | 90m | 32m |
| Receivables | 106m | 12m | 23m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −14m | −58m |
| Depreciation and amortisation | 4m | 2m |
| Share-based compensation | 9m | 9m |
| Capital expenditure | 42m | 10m |
| Investing cash flow | −57m | −10m |
| Dividends paid |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 37m |
| 29m |
| 45m |
| 51m |
| 38m |
| Inventory | 58m | 0 | — | — | — | — | — | — |
| Current assets | 505m | 619m | 666m | 397m | 431m | 293m | 168m | 83m |
| Property, plant and equipment | 244m | 69m | 49m | 41m | 30m | 23m | 17m | 21m |
| Goodwill | 380m | 19m | — | — | — | 0 | — | — |
| Total assets | 1.72bn | 757m | 754m | 476m | 500m | 355m | 225m | 140m |
| Current liabilities | 415m | 125m | 106m | 107m | 98m | 99m | 95m | 85m |
| Short-term debt | — | — | — | — | — | 0 | 0 | 3m |
| Long-term debt | 336m | 335m | 335m | — | — | 0 | — | — |
| Total liabilities | 987m | 553m | 510m | 185m | 172m | 351m | 229m | 150m |
| Equity | −334m | −755m | −404m | −379m | −135m | −1.01bn | −495m | −229m |
| Treasury shares | 2m | 2m | 2m | 2m | 2m | 2m | 1m | 1m |
| 0 |
| Share buybacks | 21m | 0 |
| Financing cash flow | 447m | 273m |