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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 275m | 326m |
| Cost of revenue | 268m | 285m |
| Gross profit | 8m | 42m |
| Research and development | 23m | 28m |
| Selling, general and administrative | 218m | 170m |
| Operating expenses | 341m | 198m |
| Operating income | −334m | −156m |
| Pre-tax income | 219m | −160m |
| Income tax | 0 | −26,000 |
| Net income | 219m | −160m |
| Earnings per share | 1.15 | −2.43 |
| Earnings per share, diluted | −1.83 | −2.43 |
| Weighted average shares | 155m | 66m |
| Weighted average shares, diluted | 181m | 66m |
| 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 | 191m | 204m | 117m | 103m | 102m | 132m | 135m | 158m |
| Receivables | 26m | 26m | 28m | 37m | 33m | 27m | 35m | 34m |
| Inventory | 69m | 84m | 110m | 111m | 100m | 113m | 125m | 120m |
| Current assets | 311m | 341m | 289m | 297m | 257m | 286m | 297m | 317m |
| Total assets | 579m | 615m | 600m | 692m | 644m | 678m | 693m | 711m |
| Current liabilities | 109m | 75m | 64m | 90m | 76m | 61m | 87m | 84m |
| Equity | −21m | −997,000 | −784m | −677m | −650m | −601m | −612m | −590m |
| Shares outstanding | 463m | 454m | 77m | 77m | 76m | 76m | 65m | 65m |
| Shares issued | 463m | 454m | 77m | 77m | 76m | 76m | 65m | 65m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −145m | −99m |
| Depreciation and amortisation | 33m | 23m |
| Share-based compensation | 31m | 24m |
| Capital expenditure | 12m | 11m |
| Investing cash flow | −10m | −6m |
| Financing cash flow | 223m | 46m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)