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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | 327m | 203m |
| Cost of revenue | 152m | 98m |
| Gross profit | 175m | 104m |
| Research and development | 119m | 107m |
| Selling, general and administrative | 117m | 102m |
| Operating expenses | 242m | 220m |
| Operating income | −67m | −115m |
| Pre-tax income | −42m | −93m |
| Income tax | 598,000 | 486,000 |
| Net income | −43m | −94m |
| Earnings per share | −1.72 | −4.05 |
| Earnings per share, diluted | −1.72 | −4.05 |
| Weighted average shares | 25m | 23m |
| Weighted average shares, diluted | 25m | 23m |
| 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 | 498m | 17m | 27m | 173m | 39m | 6m | 8m | 17m |
| Receivables | 55m | 45m | 23m |
| Metric | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | 87m | 23m |
| Depreciation and amortisation | 40m | 30m |
| Share-based compensation | 104m | 93m |
| Capital expenditure | 52m | 36m |
| Investing cash flow | −428m | 65m |
| Financing cash flow | 351m |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| 27m |
| 28m |
| 38m |
| 30m |
| 21m |
| Inventory | 91m | 82m | 87m | 84m | 83m | 77m | 72m | 71m |
| Current assets | 949m | 949m | 932m | 919m | 519m | 544m | 546m | 554m |
| Property, plant and equipment | 107m | 105m | 99m | 100m | 98m | 82m | 70m | 59m |
| Goodwill | 87m | 87m | 87m | 87m | 87m | 87m | 87m | 87m |
| Total assets | 1.29bn | 1.29bn | 1.28bn | 1.27bn | 872m | 885m | 878m | 879m |
| Current liabilities | 76m | 84m | 111m | 108m | 107m | 108m | 95m | 80m |
| Total liabilities | 134m | 139m | 174m | 168m | 180m | 185m | 182m | 186m |
| Equity | 1.16bn | 1.16bn | 1.10bn | 1.10bn | 693m | 700m | 696m | 693m |
| Shares outstanding | 26m | 26m | 26m | 26m | 24m | 24m | 23m | 23m |
| Shares issued | 26m | 26m | 26m | 26m | 24m | 24m | 23m | 23m |
| −91m |