| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 138.9 | 190.3 | 257.8 | 307.5 | 366.1 | 361.1 | −1.4% | |
| Cost of revenue | 73.8 | 91.3 | 119.9 | 155.6 | 180.1 | 173.5 | −3.7% | |
| Gross profit | 65.1 | 99.0 | 137.9 | 152.0 | 186.0 | 187.6 | +0.9% | |
| Research & development | 48.6 | 64.1 | 74.1 | 88.6 | 98.8 | 102.6 | +3.8% | |
| Selling, general & administrative | 58.3 | 70.9 | 83.4 | 98.7 | 90.4 | 85.7 | −5.2% | |
| Selling & marketing | 28.7 | 34.3 | 37.9 | 41.1 | 40.6 | 0.0 | −100.0% | |
| Operating expenses | 106.9 | 134.9 | 157.5 | 195.5 | 189.2 | 188.3 | −0.5% | |
| Operating income | (41.7) | (36.0) | (19.6) | (43.5) | (3.3) | (0.7) | +77.5% | |
| Interest expense | 5.4 | 2.6 | 4.9 | 4.8 | 4.9 | 4.4 | −10.4% | |
| Interest income | 4.8 | 2.5 | 2.4 | 0.2 | 0.0 | 0.0 | — | |
| Other income / expense | (10.1) | (15.1) | (4.5) | (0.2) | 44.3 | (10.2) | −123.0% | |
| Pre-tax income | (51.8) | (51.1) | (24.1) | (43.7) | 41.0 | (10.9) | −126.6% | |
| Income tax | 0.1 | 0.2 | 0.2 | (0.3) | 0.2 | (0.1) | −143.9% | |
| Net income | (51.9) | (51.3) | (24.3) | (43.4) | 40.8 | (10.8) | −126.6% | |
| 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) | (2.28) | (2.12) | (0.95) | (1.62) | 1.46 | (0.37) | −125.3% | |
| EPS, diluted (per share) | (2.28) | (2.12) | (0.95) | (1.62) | 1.39 | (0.37) | −126.6% | |
| EBITDA | (41.9) | (44.0) | (13.2) | (27.9) | 59.9 | 8.5 | −85.8% | |
| Depreciation & amortization | 4.5 | 4.6 | 6.0 | 12.3 | 14.0 | 15.0 | +7.5% | |
| Weighted average shares (shares) | 22,819,000 | 24,176,000 | 25,539,000 | 26,752,011 | 27,953,000 | 29,283,000 | +4.8% | |
| Weighted average diluted shares (shares) | 22,819,000 | 24,176,000 | 25,539,000 | 26,752,000 | 29,471,000 | 29,283,000 | −0.6% | |
| Gross margin | 46.9% | 52.0% | 53.5% | 49.4% | 50.8% | 52.0% | +1.2 pts | |
| Operating margin | −30.0% | −18.9% | −7.6% | −14.1% | −0.9% | −0.2% | +0.7 pts | |
| Net margin | −37.4% | −26.9% | −9.4% | −14.1% | 11.2% | −3.0% | −14.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
