NXL: financial statements from SEC

Income statement

Metric	31 Mar 2026	30 Sept 2025	30 Jun 2025	31 Mar 2025	30 Sept 2024	30 Jun 2024
Revenue	14,950	18,149	70,588	41,015	36,031	26,840
Cost of revenue	1,817	3,948	22,838	13,558	12,694	7,247
Gross profit	13,133	14,201	47,750	27,457	23,337	19,593
Research and development	346,382	226,520	225,774	406,288	178,565	169,410
Selling, general and administrative	792,797	1M	893,836	929,220	2M	598,757
Operating expenses	2M	2M	2M	2M	3M	1M
Operating income	−2M	−2M	−2M	−2M	−3M	−1M
Interest expense	−34	−2,288	−4,690	−1,103	−1,000	−66
Pre-tax income	−2M	−2M	−2M	−2M	−2M	−1M
Net income	−2M	−2M	−2M	−2M	−2M	−1M
Earnings per share	−0.11	−0.13	−0.10	−0.15	−0.23	−0.17
Earnings per share, diluted	−0.11	−0.13	−0.10	−0.15	−0.23	−0.17
Weighted average shares	20M	18M	16M	13M	11M	7M
Weighted average shares, diluted	20M	18M	16M	13M	11M	7M

Metric	31 Mar 2026	31 Dec 2025	30 Sept 2025	30 Jun 2025	31 Mar 2025	31 Dec 2024	30 Sept 2024	30 Jun 2024
Cash and equivalents	1M	654,783	590,075	431,320	622,029	574,485	81,421	848,796
Short-term investments	2M	3M	4M	5M	1M	3M	5M	—
Receivables	43,004	81,571	7,925	59,841	14,479	13,043	15,171	11,720
Inventory	179,489	131,473	160,225	172,974	175,253	174,578	158,375	145,141
Current assets	3M	4M	5M	6M	3M	4M	5M	1M
Total assets	4M	5M	5M	7M	3M	4M	5M	2M
Current liabilities	808,364	887,333	357,524	600,584	574,736	546,694	299,389	212,104
Total liabilities	808,364	887,333	357,524	600,584	574,736	546,694	299,389	212,104
Equity	3M	4M	5M	6M	2M	4M	5M	1M
Shares outstanding	21M	19M	18M	17M	13M	13M	13M	8M
Shares issued	21M	19M	18M	17M	13M	13M	13M	8M

Metric	31 Mar 2026	31 Mar 2025
Operating cash flow	−2M	−1M
Depreciation and amortisation	4,107	—
Share-based compensation	478,611	636,844
Investing cash flow	2M	1M
Financing cash flow	756,421	—