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v3.25.4

Consolidated Statements of Loss - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Profit or loss [abstract] |  |  |  |  |
Revenue | $ 77,271 | $ 65,173 |  | $ 62,371 |
Cost of revenue | (25,194) | (21,236) |  | (19,458) |
Gross profit | 52,077 | 43,937 |  | 42,913 |
Research and development costs | (34,216) | (34,366) |  | (36,969) |
Selling and marketing costs | (36,118) | (29,369) |  | (28,423) |
General and administrative costs | (52,563) | (46,953) |  | (53,301) |
Other operating (loss) income, net | (86) | 183 |  | 954 |
Operating loss | (70,906) | (66,568) |  | (74,826) |
Interest income | 1,872 | 3,362 |  | 4,547 |
Interest expense | (4,554) | (1,913) |  | (588) |
Fair value adjustments on warrant obligations | (497) | 370 | [1] | 0 | [1]
Foreign exchange (losses) gains, net | (3,402) | 3,479 |  | (7,628) |
Loss before income taxes | (77,487) | (61,270) | [1] | (78,495) | [1]
Income tax expense | (1,512) | (1,223) |  | (486) |
Loss for the year | (78,999) | (62,493) |  | (78,981) |
Attributable to the owners of the parent | $ (78,999) | $ (62,493) |  | $ (78,981) |
Earnings per share [abstract] |  |  |  |  |
Basic loss per share (in dollars per share) | $ (1.17) | $ (0.95) |  | $ (1.22) |
Diluted loss per share (in dollars per share) | $ (1.17) | $ (0.95) |  | $ (1.22) |
[1] | Refer to “Note 2—Material Accounting Policies—Statement of Cash Flows - Interest Classification” for details on change in accounting policy.

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