| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | Trend | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.0 | 6.0 | 7.5 | 33.5 | 27.9 | 72.8 | 74.0 | +1.7% | |
| Cost of revenue | 0.1 | 0.7 | 1.0 | 2.0 | 7.9 | 9.3 | 9.7 | +4.9% | |
| Gross profit | 1.9 | 5.3 | 6.5 | 31.5 | 19.9 | 63.5 | 64.3 | +1.2% | |
| Research & development | 22.8 | 28.7 | 30.6 | 34.5 | 24.8 | 22.8 | 24.6 | +8.0% | |
| Selling, general & administrative | 10.7 | 11.7 | 11.3 | 10.0 | 10.0 | 9.4 | — | — | |
| Selling & marketing | 0.9 | 0.8 | 0.9 | 0.2 | 0.6 | 0.5 | — | — | |
| Operating expenses | 33.4 | 40.4 | 41.9 | 44.4 | 34.8 | 32.2 | 34.0 | +5.6% | |
| Operating income | (31.5) | (35.1) | (35.4) | (13.0) | (14.9) | 31.3 | 30.3 | −3.3% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 1.8 | 0.9 | 1.4 | 3.2 | 5.2 | 4.4 | 0.0 | −100.0% | |
| Other income / expense | 1.8 | 0.9 | 1.7 | 3.2 | 5.2 | 4.1 | — | — | |
| Pre-tax income | (29.7) | (34.2) | (33.6) | (9.8) | (9.7) | 35.4 | 35.2 | −0.4% | |
| Income tax | 0.0 | 0.0 | 0.1 | 9.0 | 4.5 | 0.1 | 0.1 | −3.7% | |
| Net income | (29.7) | (34.2) | (33.7) | (18.8) | (14.2) | 35.3 | 35.2 | −0.4% | |
| 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) | (0.37) | (0.41) | (0.39) | (0.21) | (0.16) | 0.38 | 0.37 | −1.5% | |
| EPS, diluted (per share) | (0.37) | (0.41) | (0.39) | (0.21) | (0.16) | 0.38 | 0.37 | −2.2% | |
| EBITDA | (28.9) | (33.7) | (33.1) | (9.3) | (9.2) | 35.9 | — | — | |
| Depreciation & amortization | 0.7 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | — | — | |
| Weighted average shares (shares) | 79,591,187 | 84,203,971 | 86,555,628 | 87,633,298 | 89,528,031 | 93,425,341 | — | — | |
| Weighted average diluted shares (shares) | 79,591,187 | 84,203,971 | 86,555,628 | 87,633,298 | 89,528,031 | 93,815,083 | — | — | |
| Gross margin | 97.0% | 88.7% | 87.0% | 94.0% | 71.5% | 87.3% | 86.9% | −0.4 pts | |
| Operating margin | −1,574.8% | −584.6% | −471.7% | −38.8% | −53.4% | 43.1% | 40.9% | −2.1 pts | |
| Net margin | −1,484.9% | −570.1% | −449.3% | −56.1% | −51.1% | 48.6% | 47.6% | −1.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
TTM ends 2026-06-30 and uses four consecutive reported quarters.
