Loading the section…
Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31/12/2025 | 31/12/2024 |
|---|---|---|
| Revenue | 31M | 10M |
| Research and development | 115M | 81M |
| Selling, general and administrative | 81M | 44M |
| Operating expenses | 201M | 125M |
| Operating income | −170M | −115M |
| Interest expense | 1M | 5M |
| Pre-tax income | −209M | −130M |
| Income tax | — | 185,000 |
| Net income | −209M | −131M |
| Earnings per share | −3.02 | −3.66 |
| Earnings per share, diluted | −3.02 | −3.66 |
| Weighted average shares | 69M | 36M |
| Weighted average shares, diluted | 69M | 36M |
| Metric | 31/03/2026 | 31/12/2025 | 30/09/2025 | 30/06/2025 | 31/03/2025 | 31/12/2024 | 30/09/2024 | 30/06/2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 166M | 205M | 138M | 164M | 118M | 89M | 113M | 84M |
| Short-term investments | 16M | — | — | — | — | — | — | — |
| Receivables | 10M | 9M | 7M | 2M | — | — | — | 10M |
| Inventory | 2M | 2M | 2M | 1M | — | — | — | — |
| Current assets | 203M | 223M | 154M | 174M | 125M | 95M | 121M | 100M |
| Property, plant and equipment | — | — | 20,000 | 21,000 | 22,000 | 32,000 | 39,000 | 46,000 |
| Total assets | 228M | 246M | 177M | 196M | 132M | 102M | 126M | 106M |
| Current liabilities | 67M | 72M | 60M | 50M | 36M | 31M | 37M | 30M |
| Total liabilities | 146M | 189M | 192M | 160M | 164M | 130M | 94M | 66M |
| Equity | 82M | 57M | −16M | 36M | −32M | −29M | 11M | 19M |
| Shares outstanding | 88M | 78M | 67M | 62M | 51M | 45M | 40M | 27M |
| Shares issued | 88M | 78M | 67M | 62M | 51M | 45M | 40M | 27M |
| Metric | 31/12/2025 | 31/12/2024 |
|---|---|---|
| Operating cash flow | −138M | −105M |
| Depreciation and amortisation | 30,000 | 26,000 |
| Share-based compensation | 9M | 7M |
| Capital expenditure | — | 28,000 |
| Investing cash flow | −10M | 60M |
| Financing cash flow | 263M | 55M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator