Revenue: As of FY2025 Q3, the actual value is USD 552 M.

EPS: As of FY2025 Q3, the actual value is USD -0.17.

EBIT: As of FY2025 Q3, the actual value is USD -42.35 B.

Financial Metrics by Segment

Revenue

• Product Revenue: $505 thousand for the three months ended September 30, 2025, compared to $764 thousand for the same period in 2024, a decrease of 33.9%.
• Service Revenue: $47 thousand for the three months ended September 30, 2025, compared to $23 thousand for the same period in 2024, an increase of 104.3%.
• Total Revenue: $552 thousand for the three months ended September 30, 2025, compared to $787 thousand for the same period in 2024, a decrease of 29.9%.

Cost of Revenue

• Product Cost of Revenue: $353 thousand for the three months ended September 30, 2025, compared to $416 thousand for the same period in 2024, a decrease of 15.1%.
• Service Cost of Revenue: $5 thousand for the three months ended September 30, 2025, compared to $4 thousand for the same period in 2024, an increase of 25.0%.
• Total Cost of Revenue: $358 thousand for the three months ended September 30, 2025, compared to $420 thousand for the same period in 2024, a decrease of 14.8%.

Gross Profit

• Gross Profit: $194 thousand for the three months ended September 30, 2025, compared to $367 thousand for the same period in 2024, a decrease of 47.1%.
• Gross Profit Margin: 35.1% for the three months ended September 30, 2025, compared to 46.6% for the same period in 2024.

Operating Expenses

• Research and Development: $13,883 thousand for the three months ended September 30, 2025, compared to $16,171 thousand for the same period in 2024, a decrease of 14.1%.
• Selling, General and Administrative: $10,707 thousand for the three months ended September 30, 2025, compared to $12,284 thousand for the same period in 2024, a decrease of 12.8%.
• Lease Termination Expense, Net: $13,577 thousand for the three months ended September 30, 2025, compared to $0 for the same period in 2024.
• Legal Settlement Expense, Net of Insurance Proceeds: $1,800 thousand for the three months ended September 30, 2025, compared to $0 for the same period in 2024.
• Total Operating Expenses: $39,967 thousand for the three months ended September 30, 2025, compared to $28,455 thousand for the same period in 2024, an increase of 40.5%.

Loss from Operations

• Loss from Operations: $39,773 thousand for the three months ended September 30, 2025, compared to $28,088 thousand for the same period in 2024, an increase of 41.6%.

Dividend and Interest Income

• Dividend and Interest Income: $2,580 thousand for the three months ended September 30, 2025, compared to $2,688 thousand for the same period in 2024, a decrease of 4.0%.

Change in Fair Value of Warrant Liabilities

• Change in Fair Value of Warrant Liabilities: $1,516 thousand for the three months ended September 30, 2025, compared to $121 thousand for the same period in 2024, an increase of 1152.9%.

Other (Expense) Income, Net

• Other (Expense) Income, Net: - $7 thousand for the three months ended September 30, 2025, compared to $9 thousand for the same period in 2024, a decrease of 177.8%.

Net Loss

• Net Loss: $35,703 thousand for the three months ended September 30, 2025, compared to $25,313 thousand for the same period in 2024, an increase of 41.0%.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue its commercialization efforts for the Platinum line of instruments and further invest in research and development, particularly for the Proteus platform, which is anticipated to launch in the second half of 2026.
• Non-Core Business: The company has committed to an organizational restructuring program to streamline resources and align with future product development objectives, including the Proteus platform.
• Priority: The company expects to incur negative operating cash flows on an annual basis for the foreseeable future until it can scale its revenue growth.