| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.0 | 1.1 | 15.2 | 24.4 | 26.0 | 7.1 | −72.5% | |
| Cost of revenue | 0.2 | 0.3 | 1.3 | 2.8 | 3.0 | 0.0 | −100.0% | |
| Gross profit | 13.8 | (18.6) | 13.9 | 21.5 | 23.0 | 0.0 | −100.0% | |
| Research & development | 15.0 | 19.7 | 32.7 | 48.9 | 51.0 | 91.0 | +78.3% | |
| Selling, general & administrative | 2.1 | 18.5 | 40.2 | 44.5 | 36.7 | 29.8 | −18.8% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 17.0 | 92.7 | 72.8 | 93.5 | 90.4 | 121.5 | +34.4% | |
| Operating income | (2.5) | (111.2) | (59.0) | (71.9) | (67.5) | (114.4) | −69.6% | |
| Interest expense | 0.8 | 0.7 | 0.2 | 0.2 | 0.2 | 0.0 | −100.0% | |
| Interest income | 0.0 | 0.0 | 2.4 | 6.4 | 3.9 | 6.2 | +58.8% | |
| Other income / expense | (0.9) | 1.1 | 2.2 | 6.2 | 3.8 | 93.8 | +2390.2% | |
| Pre-tax income | (3.5) | (110.1) | (60.5) | (65.8) | (63.7) | (20.6) | +67.7% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (3.5) | (110.1) | (60.5) | (65.8) | (63.7) | (20.6) | +67.7% | |
| 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 | 0.0 | — | |
| EPS, basic (per share) | (26.34) | (12.41) | (2.69) | (2.44) | (2.36) | (0.03) | +98.6% | |
| EPS, diluted (per share) | (0.51) | (12.41) | (2.69) | (2.44) | (2.36) | (0.03) | +98.6% | |
| EBITDA | (2.5) | (109.1) | (60.1) | (65.4) | (64.6) | (114.4) | −77.0% | |
| Depreciation & amortization | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.0 | −100.0% | |
| Weighted average shares (shares) | 169,490 | 8,923,369 | 22,511,237 | 26,917,967 | 26,987,723 | 618,867,650 | +2193.1% | |
| Weighted average diluted shares (shares) | 169,490 | 8,923,369 | 22,511,237 | 26,917,967 | 27,029,942 | 618,867,650 | +2189.6% | |
| Gross margin | 98.7% | −1,656.3% | 91.2% | 88.5% | 88.4% | 0.0% | −88.4 pts | |
| Operating margin | −18.2% | −9,930.1% | −387.5% | −295.4% | −259.6% | −1,601.1% | −1341.5 pts | |
| Net margin | −24.8% | −9,829.5% | −397.7% | −270.0% | −245.1% | −288.3% | −43.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
