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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|---|---|
| Revenue | 489M | 442M | 364M | 282M |
| Research and development | 9M | 40M | 14M | 8M |
| Selling, general and administrative | 19M | 47M | 22M | 38M |
| Operating income | 4M | −58M | −15M | −13M |
| Pre-tax income | −2M | −62M | −15M | −11M |
| Income tax | 346,000 | 3M | 3M | 231,000 |
| Net income | −2M | −69M | −27M | −7M |
| Earnings per share | −0.04 | −0.72 | −0.31 | −0.08 |
| Earnings per share, diluted | −0.04 | −0.72 | −0.31 | −0.08 |
| Weighted average shares | 102M | 96M | 85M | 82M |
| Weighted average shares, diluted | 102M | 96M | 85M | 82M |
| Metric | 19 Aug 2026 | 18 Aug 2026 | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 25M | 27M | 31M | 21M | 38M |
| Short-term investments | — | — | 22M |
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|---|---|
| Operating cash flow | 6M | 12M | −28M | −16M |
| Depreciation and amortisation | 6M | 5M | 4M | 5M |
| Share-based compensation | — | 62M | 10M | — |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 21M |
| 22M |
| — |
| — |
| Receivables | — | — | 60M | 76M | 56M | — | — |
| Current assets | — | — | 183M | 196M | 175M | — | — |
| Property, plant and equipment | — | — | 24M | 28M | — | — | — |
| Total assets | — | — | 253M | 247M | 223M | — | — |
| Current liabilities | — | — | 147M | 157M | 124M | — | — |
| Short-term debt | — | — | 71,000 | 84M | 83M | — | — |
| Long-term debt | — | — | 1M | — | — | — | — |
| Total liabilities | — | — | 163M | 180M | 155M | — | — |
| Equity | — | — | 33M | 12M | 16M | 37M | 26M |
| Capital expenditure | 380,000 | 588,000 | 5M | 4M |
| Investing cash flow | −13M | −12M | −2M | −6M |
| Financing cash flow | 4M | −3M | 40M | 11M |