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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 19m | 26m |
| Research and development | 48m | 55m |
| Selling, general and administrative | 29m | 31m |
| Operating expenses | 88m | 101m |
| Operating income | −69m | −75m |
| Pre-tax income | −66m | −71m |
| Income tax | −2m | −9m |
| Net income | −65m | −62m |
| Earnings per share | −0.57 | −0.61 |
| Earnings per share, diluted | −0.57 | −0.61 |
| Weighted average shares | 114m | 102m |
| Weighted average shares, diluted | 114m | 102m |
| 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 | 29m | 26m | 29m | 18m | 11m | 28m | 28m | 21m |
| Receivables | 13m | 7m | 3m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −36m | −40m |
| Depreciation and amortisation | 22m | 24m |
| Share-based compensation | 16m | 21m |
| Capital expenditure | 565,000 | 2m |
| Investing cash flow | 6m | 38m |
| Financing cash flow | 28m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 3m |
| 6m |
| 5m |
| 3m |
| 7m |
| Current assets | 65m | 65m | 66m | 48m | 54m | 68m | 67m | 67m |
| Property, plant and equipment | 9m | 9m | 13m | 14m | 15m | 15m | 16m | 17m |
| Goodwill | 84m | 84m | 84m | 84m | 84m | 84m | 84m | 84m |
| Total assets | 294m | 301m | 310m | 296m | 306m | 326m | 332m | 337m |
| Current liabilities | 14m | 16m | 13m | 13m | 11m | 15m | 14m | 14m |
| Total liabilities | 31m | 34m | 32m | 34m | 33m | 38m | 40m | 43m |
| Equity | 263m | 267m | 277m | 262m | 274m | 288m | 292m | 294m |
| Shares outstanding | 145m | 144m | 144m | 123m | 122m | 122m | 120m | 118m |
| Shares issued | 145m | 144m | 144m | 123m | 122m | 122m | 120m | 118m |
| 13m |