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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 3m | 5m |
| Research and development | 81m | 64m |
| Selling, general and administrative | 35m | 36m |
| Operating expenses | 123m | 113m |
| Operating income | −120m | −109m |
| Pre-tax income | −115m | −103m |
| Income tax | 69,000 | 70,000 |
| Net income | −115m | −103m |
| Earnings per share | −0.84 | −0.94 |
| Earnings per share, diluted | −0.84 | −0.94 |
| Weighted average shares | 137m | 110m |
| Weighted average shares, diluted | 137m | 110m |
| 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 | 9m | 20m | 9m | 38m | 47m | 41m | 55m | 61m |
| Short-term investments | 117m | 124m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −93m | −72m |
| Depreciation and amortisation | 12m | 13m |
| Share-based compensation | 18m | 19m |
| Capital expenditure | 1m | 404,000 |
| Investing cash flow | −50m | −42m |
| Financing cash flow | 106m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 143m |
| — |
| — |
| 71m |
| — |
| — |
| Receivables | — | — | 1m | 700,000 | 1m | 0 | — | — |
| Current assets | 132m | 150m | 175m | 137m | 156m | 134m | 150m | 165m |
| Total assets | 196m | 216m | 245m | 210m | 232m | 214m | 235m | 256m |
| Current liabilities | 20m | 23m | 30m | 31m | 27m | 29m | 27m | 25m |
| Total liabilities | 24m | 27m | 35m | 37m | 34m | 34m | 34m | 34m |
| Equity | 172m | 189m | 210m | 173m | 199m | 179m | 201m | 221m |
| Shares outstanding | — | — | — | — | — | 115m | 114m | 113m |
| Shares issued | — | — | — | — | — | 115m | 114m | 113m |
| 83m |