| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.1 | 2.5 | 0.7 | 7.3 | 4.7 | 1.2 | −74.3% | |
| Cost of revenue | 1.4 | 1.5 | 2.3 | 2.8 | 14.5 | 24.4 | +68.7% | |
| Gross profit | 1.7 | 1.0 | (1.7) | 4.5 | (9.8) | (23.2) | −137.5% | |
| Research & development | 9.8 | 24.1 | 30.4 | 56.7 | 49.0 | 31.7 | −35.3% | |
| Selling, general & administrative | 5.9 | 20.8 | 21.8 | 36.7 | 22.4 | 14.5 | −35.3% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 15.8 | 44.9 | 52.2 | 93.4 | 71.4 | 46.2 | −35.3% | |
| Operating income | (14.1) | (43.9) | (53.9) | (88.9) | (81.2) | (69.4) | +14.5% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 4.5 | 18.5 | +315.8% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | 0.4 | 0.7 | 0.8 | 7.2 | (15.2) | (25.7) | −68.8% | |
| Pre-tax income | (13.6) | (43.2) | (53.1) | (81.7) | (96.4) | (95.1) | +1.4% | |
| Income tax | 0.0 | 0.0 | 0.0 | 1.1 | 0.5 | 0.1 | −83.4% | |
| Net income | (13.6) | (43.2) | (53.1) | (82.8) | (96.9) | (95.0) | +2.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | — | |
| EPS, basic (per share) | (0.10) | (0.27) | (0.32) | (0.45) | (0.46) | (0.35) | +23.9% | |
| EPS, diluted (per share) | (0.10) | (0.27) | (0.32) | (0.45) | (0.46) | (0.35) | +23.9% | |
| EBITDA | (12.7) | (41.7) | (50.8) | (83.7) | (85.0) | (63.6) | +25.2% | |
| Depreciation & amortization | 1.0 | 1.5 | 2.2 | 5.2 | 6.9 | 5.8 | −15.8% | |
| Weighted average shares (shares) | 139,829,000 | 160,662,000 | 165,958,000 | 182,802,342 | 209,510,000 | 273,136,000 | +30.4% | |
| Weighted average diluted shares (shares) | 139,829,000 | 160,662,000 | 165,958,000 | 182,802,000 | 209,510,000 | 273,136,000 | +30.4% | |
| Gross margin | 54.8% | 41.4% | −253.3% | 61.8% | −207.7% | −1,917.5% | −1709.8 pts | |
| Operating margin | −455.2% | −1,754.8% | −8,116.0% | −1,224.3% | −1,729.0% | −5,743.8% | −4014.8 pts | |
| Net margin | −441.2% | −1,728.0% | −7,995.6% | −1,141.2% | −2,063.8% | −7,862.7% | −5798.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
