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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 290m | 226m |
| Cost of revenue | 66m | 64m |
| Gross profit | 224m | 162m |
| Research and development | 49m | 33m |
| Selling, general and administrative | 58m | 52m |
| Operating expenses | 200m | 163m |
| Operating income | 24m | −2m |
| Pre-tax income | −16m | −27m |
| Income tax | −10m | 6m |
| Net income | −6m | −33m |
| Earnings per share | −0.13 | −2.38 |
| Earnings per share, diluted | −0.13 | −2.38 |
| Weighted average shares | 51m | 14m |
| Weighted average shares, diluted | 51m | 14m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | May 31, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 214m | 210m | 179m | 175m | — | — | 83m | — |
| Receivables | 56m | 62m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 56m | 43m |
| Depreciation and amortisation | 10m | 8m |
| Share-based compensation | 32m | 31m |
| Investing cash flow | −17m | −10m |
| Share buybacks | 10m | 333,000 |
| Financing cash flow | 88m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 58m |
| 62m |
| — |
| — |
| 67m |
| — |
| Current assets | 283m | 286m | 254m | 256m | — | — | 158m | — |
| Property, plant and equipment | — | 0 | 0 | 0 | — | — | 100,000 | — |
| Goodwill | 52m | 52m | 52m | 52m | — | — | 52m | — |
| Total assets | 375m | 378m | 336m | 337m | — | — | 239m | — |
| Current liabilities | 52m | 69m | 63m | 78m | — | — | 155m | — |
| Total liabilities | 56m | 73m | 69m | 98m | — | — | 177m | — |
| Equity | 319m | 306m | 267m | 239m | — | −114m | −108m | −111m |
| Shares outstanding | — | — | — | — | 16m | — | 14m | — |
| Shares issued | — | — | — | — | — | — | 14m | — |
| −5m |