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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 2m | 3m |
| Cost of revenue | 1m | 1m |
| Gross profit | 1m | 2m |
| Research and development | 54m | 60m |
| Selling, general and administrative | 45m | 51m |
| Operating expenses | 117m | 110m |
| Operating income | −116m | −109m |
| Pre-tax income | −101m | −101m |
| Income tax | 58,000 | 56,000 |
| Net income | −101m | −101m |
| Earnings per share | −0.51 | −0.71 |
| Earnings per share, diluted | −0.51 | −0.71 |
| Weighted average shares | 198m | 143m |
| Weighted average shares, diluted | 198m | 143m |
| 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 | 36m | 22m | 31m | 22m | 37m | 49m | 42m | 60m |
| Receivables | 203,000 | 561,000 | 755,000 |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | −95m | −88m |
| Depreciation and amortisation | 4m | 5m |
| Share-based compensation | 11m | 9m |
| Capital expenditure | 3m | 5m |
| Investing cash flow | −28m | −33m |
| Financing cash flow | 95m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 917,000 |
| 1m |
| 1m |
| 1m |
| 598,000 |
| Inventory | 2m | 3m | 4m | 4m | 4m | 4m | 4m | 5m |
| Current assets | 135m | 176m | 238m | 226m | 242m | 218m | 206m | 226m |
| Property, plant and equipment | 12m | 13m | 13m | 15m | 16m | 16m | 16m | 16m |
| Total assets | 213m | 246m | 260m | 254m | 271m | 248m | 236m | 257m |
| Current liabilities | 11m | 23m | 22m | 24m | 13m | 18m | 15m | 11m |
| Total liabilities | 13m | 25m | 25m | 33m | 24m | 32m | 26m | 23m |
| Equity | 201m | 220m | 235m | 221m | 247m | 215m | 211m | 233m |
| 36m |