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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 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Revenue | 187m | 52m | 50m | 63m | 58m | 42m |
| Cost of revenue | — | — | — | — | — | 57m |
| Research and development | 6m | — | — | 911,000 | — | — |
| Selling, general and administrative | 51m | 20m | 16m | 16m | 12m | 11m |
| Operating expenses | 226m | 68m | 79m | 73m | 72m | 69m |
| Operating income | −39m | −15m | −29m | −10m | −14m | −28m |
| Pre-tax income | −53m | −10m | −38m | 975,000 | −80m | 17m |
| Income tax | 2,000 | 5,000 | 0 | 0 | 50,000 | 0 |
| Net income | −37m | −7m | −25m | −11m | −55m | 19m |
| Earnings per share | −0.25 | −0.06 | −0.22 | −0.11 | −0.83 | 0.34 |
| Earnings per share, diluted | −0.25 | −0.06 | −0.22 | −0.11 | −0.83 | 0.30 |
| Weighted average shares | 148m | 118m | 117m | 107m | 67m | 55m |
| Weighted average shares, diluted | 148m | 118m | 117m | 107m | 67m | 62m |
| 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 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | −55m | — | — | 19m | — | — |
| Depreciation and amortisation | 13m | 815,000 | 752,000 | 623,000 |
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 |
| 482,000 |
| 423,000 |
| Share-based compensation | 9m | — | — | 3m | — | — |
| Capital expenditure | 10m | — | — | 6m | — | — |
| Investing cash flow | −455m | — | — | −6m | — | — |
| Share buybacks | 0 | — | — | 21m | — | — |
| Financing cash flow | 167m | — | — | 152m | — | — |