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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 169m | 111m |
| Cost of revenue | 86m | 71m |
| Gross profit | 83m | 40m |
| Research and development | 65m | 58m |
| Selling, general and administrative | 65m | 59m |
| Operating expenses | 157m | 145m |
| Operating income | −74m | −104m |
| Pre-tax income | −63m | −97m |
| Income tax | −3m | 537,000 |
| Net income | −60m | −97m |
| Earnings per share | −1.07 | −2.08 |
| Earnings per share, diluted | −1.07 | −2.08 |
| Weighted average shares | 56m | 47m |
| Weighted average shares, diluted | 56m | 47m |
| 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 | 79m | 67m | 87m | 76m | 54m | 46m | 44m | 53m |
| Short-term investments | 94m | 141m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −40m | −34m |
| Depreciation and amortisation | 8m | 10m |
| Share-based compensation | 41m | 40m |
| Capital expenditure | 25m | 4m |
| Investing cash flow | −36m | 15m |
| Financing cash flow | 98m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 157m |
| 150m |
| 114m |
| 126m |
| 107m |
| 132m |
| Receivables | 26m | 28m | 25m | 15m | 18m | 18m | 18m | 14m |
| Inventory | 30m | 24m | 17m | 14m | 15m | 16m | 19m | 19m |
| Current assets | 251m | 279m | 305m | 273m | 219m | 220m | 200m | 252m |
| Property, plant and equipment | 34m | 32m | 13m | 11m | 10m | 10m | 9m | 9m |
| Goodwill | 39m | 0 | — | — | — | — | — | — |
| Total assets | 382m | 350m | 354m | 322m | 269m | 276m | 255m | 310m |
| Current liabilities | 84m | 71m | 94m | 86m | 85m | 78m | 64m | 74m |
| Long-term debt | — | — | — | — | — | 0 | 0 | 44m |
| Total liabilities | 106m | 88m | 106m | 101m | 101m | 95m | 83m | 139m |
| Equity | 276m | 262m | 247m | 221m | 168m | 181m | 172m | 171m |
| Shares outstanding | 63m | 61m | 60m | 58m | 54m | 53m | 50m | 47m |
| Shares issued | 63m | 61m | 60m | 58m | 54m | 53m | 50m | 47m |
| 15m |