v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 70,289 $ 80,226 [1]
Accounts receivable 15,001 7,436
Inventory 6,351 5,868
Prepaids and other current assets 7,438 5,875
Total current assets 99,079 99,405
Non-current assets    
Property and equipment 5,665 5,209
Intangible assets 35,891 28,998
Right-of-use assets 12,382 14,168
Deferred tax assets 1,831 1,767
Other non-current assets 8,183 5,762
Total non-current assets 63,952 55,904
Total assets 163,031 155,309
Current liabilities    
Accounts payable 8,960 5,220
Accrued expenses 20,736 13,217
Deferred contract revenue 16,720 5,732
Lease liabilities, current portion 2,700 2,190
Warrant obligations 1,412 444
Total current liabilities 50,528 26,803
Non-current liabilities    
Borrowings 47,733 13,237
Lease liabilities, net of current portion 12,587 14,603
Defined benefit pension liabilities 4,162 3,839
Other non-current liabilities 876 337
Total non-current liabilities 65,358 32,016
Total liabilities 115,886 58,819
Equity    
Share capital 4,814 4,188
Share premium 473,675 472,244
Treasury shares (1,218) (702)
Other reserves 89,150 61,037
Accumulated deficit (519,276) (440,277)
Total equity 47,145 96,490
Total liabilities and equity $ 163,031 $ 155,309
[1] Refer to “Note 2—Material Accounting Policies—Statement of Cash Flows - Interest Classification” for details on change in accounting policy.