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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 6m | 4m |
| Research and development | 117m | 89m |
| Selling, general and administrative | 33m | 29m |
| Operating expenses | 153m | 121m |
| Operating income | −147m | −117m |
| Pre-tax income | −146m | −114m |
| Income tax | 491,000 | 55,000 |
| Net income | −147m | −114m |
| Earnings per share | −1.05 | −1.17 |
| Earnings per share, diluted | −1.05 | −1.17 |
| Weighted average shares | 140m | 97m |
| Weighted average shares, diluted | 140m | 97m |
| 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 | 229m | 194m | 70m | 103m | 13m | 32m | 46m | 66m |
| Current assets | 247m | 213m | 89m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −121m | −104m |
| Share-based compensation | 5m | 5m |
| Capital expenditure | 532,000 | 2m |
| Investing cash flow | −1m | −757,000 |
| Financing cash flow | 276m | 587,000 |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 121m |
| 29m |
| 44m |
| 69m |
| 90m |
| Property, plant and equipment | 10m | 10m | 11m | 11m | 11m | 11m | 13m | 13m |
| Total assets | 266m | 234m | 110m | 143m | 51m | 66m | 93m | 114m |
| Current liabilities | 52m | 58m | 49m | 49m | 40m | 31m | 31m | 27m |
| Total liabilities | 58m | 65m | 58m | 57m | 48m | 38m | 39m | 35m |
| Equity | 208m | 169m | 53m | 86m | 3m | 27m | 54m | 79m |
| Shares outstanding | — | 236m | 137m | 137m | 103m | 103m | 97m | — |
| Shares issued | 296m | 236m | 137m | 137m | 103m | 103m | 97m | — |
| Treasury shares | 128,068 | 74,680 | 159,651 | 210,169 | 230,513 | 266,868 | 297,180 | 303,744 |