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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 158m | 14m |
| Cost of revenue | — | 6m |
| Research and development | 39m | 48m |
| Selling, general and administrative | 157m | 82m |
| Operating expenses | 210m | 135m |
| Operating income | −51m | −121m |
| Net income | −69m | −128m |
| Earnings per share | −0.80 | −1.63 |
| Earnings per share, diluted | −0.80 | −1.63 |
| Weighted average shares | 86m | 79m |
| Weighted average shares, diluted | 86m | 79m |
| 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 | 223m | 191m | 157m | 173m | 170m | 176m | 204m | 133m |
| Receivables | 74m | 54m | 36m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −36m | −93m |
| Depreciation and amortisation | 2m | 2m |
| Share-based compensation | 29m | 19m |
| Capital expenditure | 4m | 5m |
| Investing cash flow | −6m | −8m |
| Financing cash flow | 60m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 10m |
| 1m |
| 3m |
| 4m |
| 3m |
| Inventory | 29m | 24m | 25m | 6m | 1m | 241,000 | 38,000 | — |
| Current assets | 333m | 273m | 227m | 196m | 177m | 185m | 214m | 147m |
| Property, plant and equipment | 21m | 12m | 11m | 10m | 8m | 8m | 8m | 6m |
| Goodwill | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
| Total assets | 402m | 328m | 276m | 257m | 227m | 230m | 253m | 177m |
| Current liabilities | 150m | 136m | 103m | 78m | 61m | 42m | 34m | 24m |
| Total liabilities | 293m | 283m | 254m | 242m | 178m | 151m | 142m | 115m |
| Equity | 109m | 45m | 22m | 15m | 50m | 79m | 113m | 73m |
| Shares outstanding | 88m | 87m | 87m | 86m | 85m | 85m | 85m | 76m |
| Shares issued | 88m | 87m | 87m | 86m | 85m | 85m | 85m | 76m |
| 195m |