| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | Trend | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 122.5 | 97.1 | 86.2 | 79.2 | 67.6 | 65.3 | 65.3 | −0.1% | |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4.6 | 3.7 | −19.8% | |
| Gross profit | 122.5 | 97.1 | 86.2 | 79.2 | 67.6 | 60.7 | 61.6 | +1.4% | |
| Research & development | 136.8 | 174.1 | 164.5 | 163.5 | 131.5 | 106.7 | 86.2 | −19.2% | |
| Selling, general & administrative | 27.4 | 32.5 | 45.5 | 52.9 | 57.9 | 43.9 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 164.1 | 206.6 | 210.0 | 216.4 | 189.3 | 146.1 | 124.0 | −15.1% | |
| Operating income | (41.6) | (109.6) | (123.8) | (137.2) | (121.7) | (85.3) | (58.7) | +31.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 5.1 | 10.9 | 7.7 | 12.9 | +68.2% | |
| Interest income | 6.5 | 2.0 | 1.6 | 11.4 | 14.8 | 9.5 | — | — | |
| Other income / expense | 6.6 | 2.0 | 1.7 | 6.2 | 3.9 | 1.8 | — | — | |
| Pre-tax income | (35.0) | (107.6) | (122.2) | (131.0) | (117.8) | (83.5) | (63.1) | +24.4% | |
| Income tax | 1.1 | (28.6) | (0.4) | 2.8 | (1.7) | (1.7) | 0.1 | +106.0% | |
| Net income | (36.2) | (79.0) | (121.8) | (133.8) | (116.0) | (81.9) | (63.2) | +22.8% | |
| 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) | (1.81) | (3.92) | (5.91) | (6.38) | (5.48) | (3.84) | (2.55) | +33.5% | |
| EPS, diluted (per share) | (1.81) | (3.92) | (5.91) | (6.38) | (5.48) | (3.84) | (2.55) | +33.5% | |
| EBITDA | (38.0) | (104.2) | (119.2) | (123.5) | (104.5) | (70.8) | (51.4) | +27.4% | |
| Depreciation & amortization | 3.6 | 3.3 | 3.0 | 2.4 | 2.3 | 5.1 | 4.9 | −3.6% | |
| Weighted average shares (shares) | 19,940,000 | 20,171,000 | 20,603,000 | 20,969,000 | 21,157,000 | 21,336,000 | — | — | |
| Weighted average diluted shares (shares) | 19,940,000 | 20,171,000 | 20,603,000 | 20,969,000 | 21,157,000 | 21,336,000 | — | — | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 93.0% | 94.4% | +1.4 pts | |
| Operating margin | −34.0% | −112.9% | −143.7% | −173.2% | −179.9% | −130.7% | −90.0% | +40.7 pts | |
| Net margin | −29.5% | −81.4% | −141.3% | −169.0% | −171.6% | −125.4% | −96.9% | +28.5 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.
