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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 305m | 153m |
| Cost of revenue | 97m | 72m |
| Gross profit | 208m | 81m |
| Research and development | 49m | 37m |
| Selling, general and administrative | 143m | 91m |
| Operating expenses | 192m | 128m |
| Operating income | 16m | −47m |
| Pre-tax income | 8m | −42m |
| Income tax | 305,000 | 29,000 |
| Net income | 7m | −42m |
| Earnings per share | 0.18 | −4.12 |
| Earnings per share, diluted | 0.14 | −4.12 |
| Weighted average shares | 16m | 10m |
| Weighted average shares, diluted | 21m | 10m |
| 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 | 537m | 496m | 195m | — | 192m | 191m | 202m | — |
| Receivables | 61m | 42m | 35m | — | — | 25m | — | — |
| Inventory | 19m | 18m | 17m | — | — | 9m | — | — |
| Current assets | 624m | 561m | 252m | — | — | 228m | — | — |
| Property, plant and equipment | 22m | 20m | 19m | — | — | 17m | — | — |
| Total assets | 701m | 633m | 328m | — | — | 302m | — | — |
| Current liabilities | 57m | 48m | 41m | — | — | 28m | — | — |
| Long-term debt | 90m | 57m | 55m | — | — | 51m | — | — |
| Total liabilities | 195m | 153m | 148m | — | — | 134m | — | — |
| Equity | 506m | 480m | −240m | −250m | −253m | −252m | −243m | −230m |
| Shares outstanding | — | — | 11m | — | — | 11m | — | — |
| Shares issued | — | — | 11m | — | — | 11m | — | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 25m | −41m |
| Depreciation and amortisation | 7m | 7m |
| Share-based compensation | 16m | 8m |
| Capital expenditure | 9m | 5m |
| Investing cash flow | −9m | −5m |
| Share buybacks | 0 | 546,000 |
| Financing cash flow | 289m | 141m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)