PI: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	361m	366m
Cost of revenue	171m	177m
Gross profit	190m	189m
Research and development	103m	99m
Selling, general and administrative	49m	52m
Operating expenses	190m	196m
Operating income	−737,000	−7m
Interest expense	4m	5m
Pre-tax income	−11m	41m
Income tax	−69,000	157,000
Net income	−11m	41m
Earnings per share	−0.37	1.46
Earnings per share, diluted	−0.37	1.39
Weighted average shares	29m	28m
Weighted average shares, diluted	29m	29m

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	32m	48m	52m	42m	61m	46m	74m	215m
Short-term investments	100m	127m	138m	151m	87m	119m	97m	6m
Receivables	72m	71m	61m	55m	57m	57m	64m	54m
Inventory	86m	85m	93m	96m	98m	99m	88m	81m
Current assets	299m	339m	352m	350m	309m	326m	329m	358m
Property, plant and equipment	50m	50m	52m	53m	50m	51m	50m	47m
Goodwill	20m	21m	21m	21m	19m	19m	20m	19m
Total assets	503m	545m	516m	509m	480m	489m	476m	446m
Current liabilities	33m	127m	132m	30m	28m	331m	331m	319m
Short-term debt	0	97m	97m	—	—	283m	283m	283m
Long-term debt	241m	184m	184m	284m	284m	—	0	0
Total liabilities	299m	336m	321m	321m	319m	339m	340m	329m
Equity	204m	209m	195m	188m	161m	150m	136m	117m
Shares outstanding	30m	30m	30m	29m	29m	29m	28m	28m
Shares issued	30m	30m	30m	29m	29m	29m	28m	28m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	59m	128m
Depreciation and amortisation	15m	14m
Share-based compensation	55m	57m
Capital expenditure	13m	17m
Investing cash flow	−48m	−193m
Financing cash flow	−9m	16m