| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.5 | 6.8 | 29.8 | 31.2 | 18.7 | 7.8 | −58.2% | |
| Cost of revenue | 5.1 | 4.7 | 12.0 | 116.5 | 15.3 | 7.3 | −52.3% | |
| Gross profit | 1.3 | 2.0 | 17.8 | (85.2) | 3.5 | 0.5 | −84.3% | |
| Research & development | 29.3 | 43.8 | 77.8 | 105.0 | 32.1 | 52.6 | +64.1% | |
| Selling, general & administrative | 20.5 | 23.6 | 25.1 | 32.4 | 21.2 | 21.8 | +2.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 49.9 | 67.4 | 102.9 | 12.1 | 53.3 | 74.4 | +39.6% | |
| Operating income | (48.5) | (65.4) | (85.2) | (97.4) | (49.8) | (73.9) | −48.3% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 8.0 | 7.6 | −4.0% | |
| Other income / expense | (2.8) | (25.5) | (1.8) | 8.5 | (82.2) | 9.0 | +110.9% | |
| Pre-tax income | (51.3) | (90.9) | (86.9) | (88.8) | (132.1) | (64.9) | +50.8% | |
| Income tax | (0.2) | 0.0 | 0.0 | (0.4) | 0.0 | 0.0 | — | |
| Net income | (51.0) | (90.9) | (86.9) | (88.5) | (132.1) | (64.9) | +50.8% | |
| Discontinued operations | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (1.20) | (1.60) | (1.33) | (1.27) | (1.71) | (0.53) | +69.0% | |
| EPS, diluted (per share) | (1.20) | (1.60) | (1.33) | (1.27) | (1.71) | (0.53) | +69.0% | |
| EBITDA | (50.0) | (89.9) | (86.1) | (88.0) | (131.3) | (73.4) | +44.1% | |
| Depreciation & amortization | 1.3 | 0.9 | 0.8 | 0.9 | 0.8 | 0.5 | −43.7% | |
| Weighted average shares (shares) | 42,539,293 | 56,730,583 | 65,213,944 | 69,670,078 | 77,296,665 | 122,564,741 | +58.6% | |
| Weighted average diluted shares (shares) | 42,539,293 | 56,730,583 | 65,213,944 | 69,808,855 | 77,296,665 | 122,564,741 | +58.6% | |
| Gross margin | 20.8% | 30.3% | 59.8% | −272.7% | 18.5% | 6.9% | −11.6 pts | |
| Operating margin | −748.5% | −967.1% | −286.2% | −311.6% | −266.2% | −944.0% | −677.8 pts | |
| Net margin | −787.0% | −1,344.0% | −292.1% | −283.1% | −705.5% | −829.6% | −124.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
