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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 260m | 170m |
| Cost of revenue | 89m | 67m |
| Gross profit | 171m | 103m |
| Research and development | 41m | 36m |
| Selling, general and administrative | 52m | 43m |
| Operating expenses | 183m | 147m |
| Operating income | −12m | −44m |
| Pre-tax income | −13m | −47m |
| Income tax | 0 | 0 |
| Net income | −13m | −47m |
| Earnings per share | −0.35 | −6.11 |
| Earnings per share, diluted | −0.35 | −6.11 |
| Weighted average shares | 37m | 8m |
| Weighted average shares, diluted | 37m | 8m |
| 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 | 212m | 222m | 199m | 223m | 59m | 76m | 84m | 84m |
| Receivables | 40m | 35m | 41m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 18m | −34m |
| Depreciation and amortisation | 5m | 5m |
| Share-based compensation | 13m | 9m |
| Capital expenditure | 1m | 596,000 |
| Investing cash flow | −6m | −4m |
| Financing cash flow | 133m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 33m |
| — |
| 23m |
| — |
| — |
| Inventory | 4m | 4m | 3m | 3m | — | 3m | — | — |
| Current assets | 269m | 273m | 255m | 271m | — | 113m | — | — |
| Property, plant and equipment | 8m | 8m | 8m | 6m | — | 6m | — | — |
| Goodwill | 13m | 13m | 13m | 13m | — | 13m | — | — |
| Total assets | 303m | 305m | 287m | 303m | — | 151m | — | — |
| Current liabilities | 69m | 76m | 70m | 58m | — | 54m | — | — |
| Long-term debt | — | 0 | 0 | 30m | — | 30m | — | — |
| Total liabilities | 69m | 76m | 70m | 89m | — | 86m | — | — |
| Equity | 234m | 230m | 217m | 214m | −390m | −384m | −380m | −373m |
| Shares outstanding | 59m | 58m | 58m | 57m | — | 8m | — | — |
| Shares issued | 59m | 58m | 58m | 57m | — | 8m | — | — |
| −1m |