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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 529m | 511m |
| Cost of revenue | 296m | 323m |
| Gross profit | 233m | 188m |
| Research and development | 74m | 73m |
| Selling, general and administrative | 66m | 72m |
| Operating expenses | 227m | 222m |
| Operating income | 6m | −35m |
| Pre-tax income | 16m | −29m |
| Income tax | 741,000 | 1m |
| Net income | 15m | −31m |
| Earnings per share | 0.14 | −0.31 |
| Earnings per share, diluted | 0.14 | −0.31 |
| Weighted average shares | 104m | 99m |
| Weighted average shares, diluted | 110m | 99m |
| 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 | 153m | 146m | 86m | 71m | 84m | 82m | 77m | 63m |
| Receivables | 52m | 40m | 77m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 79m | 51m |
| Depreciation and amortisation | 4m | 3m |
| Share-based compensation | 62m | 69m |
| Capital expenditure | — | 3m |
| Investing cash flow | 28m | 11m |
| Share buybacks | 46m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 61m |
| 46m |
| 57m |
| 69m |
| 62m |
| Inventory | 44m | 41m | 44m | 31m | 35m | 41m | 52m | 45m |
| Current assets | 276m | 260m | 302m | 269m | 246m | 263m | 280m | 263m |
| Property, plant and equipment | 14m | 13m | 12m | 9m | 7m | 5m | 4m | 4m |
| Goodwill | 39m | 11m | 11m | 11m | 11m | 11m | 11m | 11m |
| Total assets | 360m | 311m | 351m | 320m | 297m | 298m | 312m | 296m |
| Current liabilities | 182m | 172m | 212m | 182m | 173m | 177m | 197m | 178m |
| Total liabilities | 201m | 183m | 222m | 201m | 193m | 197m | 215m | 197m |
| Equity | 159m | 128m | 129m | 118m | 103m | 101m | 97m | 99m |
| Shares outstanding | 109m | 105m | 106m | 104m | 103m | 101m | 100m | 98m |
| Shares issued | 109m | 105m | 106m | 104m | 103m | 101m | 100m | 98m |
| 4m |
| Financing cash flow | −42m | −41m |