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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 | 935,000 | 241,000 | 155,000 | 589,000 | 190,000 | 2m |
| Cost of revenue | 572,000 | 957,000 | 716,000 | 550,000 | 583,000 | 2m |
| Gross profit | 363,000 | −716,000 | −561,000 | 39,000 | −393,000 | 346,000 |
| Research and development | 14m | 8m | 8m | 7m | 9m | 14m |
| Selling, general and administrative | 10m | 4m | 6m | 7m | 7m | 8m |
| Operating expenses | 24m | 12m | 14m | 14m | 15m | 25m |
| Operating income | −23m | −13m | −15m | −14m | −16m | −25m |
| Interest expense | — | — | — | 7m | — | — |
| Pre-tax income | −25m | −14m | −14m | −29m | −15m | −24m |
| Income tax | 182,000 | 172,000 | 93,000 | 73,000 | 108,000 | 84,000 |
| Net income | −25m | −14m | −14m | −29m | −16m | −24m |
| Earnings per share | −0.08 | −0.05 | −0.06 | −0.12 | −0.07 | −0.11 |
| Earnings per share, diluted | −0.08 | −0.05 | −0.06 | −0.12 | −0.07 | −0.11 |
| Weighted average shares | 309m | 295m | 255m | 236m | 213m | 209m |
| Weighted average shares, diluted | 309m | 295m | 255m | 236m | 213m | 209m |
| 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 | 46m | 32m | 73m | 74m | 52m | 54m | 17m | 27m |
| Receivables | 732,000 | 47,000 | 40,000 |
| Metric | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Operating cash flow | −16m | −14m |
| Depreciation and amortisation | 2m | 1m |
| Share-based compensation | 983,000 | 2m |
| Capital expenditure | 143,000 | 99,000 |
| Investing cash flow | 9m | 3m |
| Financing cash flow | 21m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 104,000 |
| 252,000 |
| 926,000 |
| 232,000 |
| 2m |
| Inventory | 4m | 745,000 | 8m | 6m | 3m | 2m | 4m | 4m |
| Current assets | 54m | 81m | 115m | 103m | 79m | 82m | 53m | 67m |
| Property, plant and equipment | 17m | 4m | 7m | 7m | 7m | 7m | 8m | 8m |
| Goodwill | 4m | — | — | — | — | — | — | — |
| Total assets | 110m | 103m | 151m | 141m | 117m | 121m | 88m | 103m |
| Current liabilities | 52m | 30m | 40m | 43m | 42m | 46m | 11m | 13m |
| Total liabilities | 71m | 48m | 60m | 64m | 64m | 72m | 22m | 25m |
| Equity | 40m | 56m | 91m | 77m | 53m | 49m | 66m | 79m |
| Shares outstanding | 322m | 307m | 302m | 278m | 245m | 225m | 213m | 212m |
| Shares issued | 322m | 307m | 302m | 278m | 245m | 225m | 213m | 212m |
| 8m |