| (in millions of USD, except per-share data) | Q3 FY 26 | Q2 FY 26 | Q1 FY 26 | Q4 FY 25 | Q3 FY 25 | Q2 FY 25 | Q1 FY 25 | Q4 FY 24 | Q3 FY 24 | Q2 FY 24 | Q1 FY 24 | Q4 FY 23 | Q3 FY 23 | Q2 FY 23 | Q1 FY 23 | Q4 FY 22 | Q3 FY 22 | Q2 FY 22 | Q1 FY 22 | Q4 FY 21 | Q3 FY 21 | Q2 FY 21 | Q1 FY 21 | Q4 FY 20 | Q3 FY 20 | Q2 FY 20 | Q4 FY 19 | Q3 FY 19 | Q2 FY 19 | Q4 FY 18 | Q3 FY 18 | Q2 FY 18 | Q4 FY 17 | Q3 FY 17 | Q2 FY 17 | Q4 FY 16 | Q3 FY 16 | Q2 FY 16 | Q4 FY 15 | Q3 FY 15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 7.8 | 4.8 | 0.9 | 2.8 | 1.0 | 0.3 | 0.2 | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||
| Revenues | 16.3 | 4.3 | 0.3 | - | - | - | 0.0 | 0.0 | - | 0.0 | 0.0 | - | - | - |
| Cost of Revenue | 23.2 | 14.9 | 3.3 | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | (6.9) | (10.6) | (3.0) | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||
| Research & Development | 11.4 | 8.5 | 14.3 | 7.6 | 1.0 | 0.9 | - | - | - | - | - | - | - | - |
| Operating Income | ||||||||||||||
| Operating Income | (62.2) | (42.0) | (47.8) | (22.4) | (33.7) | (37.7) | (10.5) | (5.6) | - | (2.4) | (0.0) | (0.0) | 0.0 | 0.0 |
| Non-Operating | ||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | ||||||||||||||
| Tax & Net | ||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | - | - | - |
| Net Income From Continuing Ops | ||||||||||||||
| Per Share | ||||||||||||||
| EPS Basic | (0.48) | (0.58) | (1.02) | (0.51) | (0.80) | (0.08) | - | - | - | - | - | - | - | - |
| EPS Diluted | ||||||||||||||
| Supplementary Data | ||||||||||||||
| EBITDA | - | (37.0) | (46.1) | (22.3) | (33.7) | (37.7) | - | - | - | - | - | - | - | - |
| EBIT | (62.2) | |||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| Cost of Revenue | 7.1 | 6.4 | 4.5 | 5.3 | 3.7 | 3.3 | 2.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 0.7 | (1.6) | (3.5) | (2.6) | (2.7) | (3.0) | (2.3) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 4.6 | 3.8 | 2.7 | 0.3 | 3.3 | 2.9 | 2.0 | 3.2 | 4.0 | 3.6 | 3.6 | 4.1 | 1.5 | 1.7 | 0.2 | 0.3 | 0.1 | 0.3 | 0.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 29.8 | 3.9 | 3.6 | 4.8 | 3.7 | 7.7 | 5.0 | 5.4 | 3.2 | 4.4 | 3.1 | 3.4 | 3.5 | 3.9 | 2.0 | 5.9 | 2.5 | |||||||||||||||||||||||
| Depreciation & Amortization | - | - | 1.3 | 1.4 | 1.2 | 1.2 | 1.2 | 1.6 | 0.0 | 0.0 | 0.0 | - | - | - | 0.0 | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 35.1 | 8.3 | 6.6 | 5.2 | 8.0 | 10.8 | 7.5 | 19.4 | 8.6 | 8.8 | 8.0 | 8.0 | 5.6 | 6.2 | 2.6 | 6.8 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (34.4) | (9.9) | (10.1) | (7.8) | (10.6) | (13.8) | (9.8) | (22.3) | (8.6) | (8.8) | (8.0) | (8.0) | (5.6) | (6.2) | (2.6) | (6.8) | (2.8) | (4.1) | (20.0) | (5.9) | (6.8) | (22.6) | (2.4) | (6.0) | (2.0) | (1.1) | (1.5) | (6.5) | (1.2) | (0.4) | (0.8) | (2.5) | (0.1) | (1.1) | (0.8) | (27.1) | (0.0) | (0.0) | (0.0) | (0.0) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | (0.3) | (0.3) | 0.0 | (0.0) | 0.0 | (0.0) | 0.0 | (0.1) | 0.0 | 0.0 | 0.1 | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 0.6 | 0.6 | (0.2) | (2.4) | (0.9) | 0.4 | (1.9) | (1.1) | (1.4) | (1.4) | (0.9) | 0.1 | 0.0 | (0.0) | 0.1 | (0.0) | 0.2 | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (33.8) | (9.3) | (10.3) | (10.2) | (11.5) | (13.4) | (11.7) | (23.4) | (10.0) | (10.2) | (8.9) | (7.1) | (5.6) | (6.2) | (2.4) | (6.9) | (2.6) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (33.8) | (9.3) | (10.3) | (10.2) | (11.5) | (13.4) | (11.7) | (23.4) | (10.0) | (10.2) | (8.9) | (7.1) | (5.6) | (6.2) | (2.4) | (6.9) | (2.6) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (33.8) | (9.3) | (10.3) | (10.2) | (11.5) | (13.4) | (11.7) | (23.4) | (10.0) | (10.2) | (8.9) | (7.1) | (5.6) | (6.2) | (2.4) | (6.9) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | 0.1 | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (33.8) | (9.3) | (10.3) | (10.1) | (11.5) | (13.4) | (11.8) | (23.4) | (10.0) | (10.2) | (8.9) | (8.0) | (5.6) | (6.2) | (2.4) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.26) | (0.07) | (0.09) | - | (0.14) | (0.18) | (0.17) | - | (0.19) | (0.21) | (0.19) | - | (0.13) | (0.14) | (0.06) | - | 0.00 | (0.01) | (0.03) | - | (0.01) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.26) | (0.07) | (0.09) | - | (0.14) | (0.18) | (0.17) | - | (0.19) | (0.21) | (0.19) | - | (0.13) | (0.14) | (0.06) | - | - | - | ||||||||||||||||||||||
| Shares Basic | 131.9 | 129.3 | 112.2 | - | 85.1 | 75.3 | 69.5 | - | 52.0 | 47.8 | 46.1 | - | 43.5 | 43.2 | 42.9 | - | 634.4 | 631.5 | ||||||||||||||||||||||
| Shares Diluted | 131.9 | 129.3 | 112.2 | - | 85.1 | 75.3 | 69.5 | - | 52.0 | 47.8 | 46.1 | - | 43.5 | 43.2 | 42.9 | - | - | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | - | - | (8.8) | (6.4) | (9.4) | (12.6) | (8.6) | (20.8) | (8.6) | (8.8) | (8.0) | - | - | - | (2.6) | - | - | - | (20.0) | - | - | - | (2.4) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | (34.4) | (9.9) | (10.1) | (7.8) | (10.6) | (13.8) | (9.8) | (22.3) | (8.6) | (8.8) | (8.0) | (8.0) | (5.6) | (6.2) | (2.6) | (6.8) | (2.8) | (4.1) | (20.0) | |||||||||||||||||||||
| Selling General & Administrative |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 42.2 | 21.2 | 16.1 | 12.8 | 31.7 | 36.3 | 9.4 | 5.2 | - | 1.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Depreciation & Amortization | - | 5.0 | 1.7 | 0.1 | 0.0 | 0.0 | - | - | - | - | - | - | - | - |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 55.2 | 31.4 | 44.8 | 22.4 | 33.7 | 37.7 | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 |
| (0.7) |
| 0.0 |
| 0.0 |
| 0.1 |
| - |
| - |
| 2.5 |
| 0.3 |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (1.4) | (4.7) | (4.7) | 0.2 | 0.2 | (4.0) | (2.1) | (0.5) | - | (26.0) | - | - | - | - |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | (28.3) | (0.0) | - | - | - |
| (63.6) |
| (46.8) |
| (52.5) |
| (21.3) |
| (33.5) |
| (41.8) |
| (12.6) |
| (6.0) |
| (2.7) |
| (28.4) |
| (0.0) |
| (0.0) |
| (0.0) |
| (0.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (63.6) | (46.8) | (52.5) | (21.3) | (33.5) | (41.8) | (12.6) | (6.0) | (2.7) | (28.4) | (0.0) | (0.0) | (0.0) | (0.0) |
| Net Income Attributable To Parent | (63.6) | (46.8) | (52.5) | (21.3) | (33.5) | (41.8) | (12.6) | (6.0) | (2.7) | (28.4) | (0.0) | (0.0) | (0.0) | (0.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | 0.1 | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (63.5) | (46.8) | (52.5) | (22.2) | (33.5) | (41.8) | (12.6) | (6.0) | (2.7) | (28.4) | (0.0) | (0.0) | (0.0) | (0.0) |
| (0.48) |
| (0.58) |
| (1.02) |
| (0.51) |
| (0.80) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 131.9 | 80.3 | 51.2 | 43.8 | 41.7 | 498.3 | - | - | - | - | - | - | - | - |
| Shares Diluted | 131.9 | 80.3 | 51.2 | 43.8 | 41.7 | - | - | - | - | - | - | - | - | - |
| (42.0) |
| (47.8) |
| (22.4) |
| (33.7) |
| (37.7) |
| (10.5) |
| (5.6) |
| - |
| (2.4) |
| (0.0) |
| (0.0) |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.6 |
| 19.7 |
| 4.6 |
| 6.8 |
| 22.6 |
| 2.3 |
| 5.5 |
| 1.8 |
| 1.1 |
| 0.8 |
| 6.5 |
| 1.1 |
| 0.4 |
| 0.8 |
| 2.5 |
| 0.1 |
| 1.1 |
| 0.2 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.8 |
| 4.1 |
| 20.0 |
| 5.9 |
| 6.8 |
| 22.6 |
| 2.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 27.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| 0.8 |
| 1.4 |
| (2.2) |
| 2.5 |
| 1.1 |
| 0.7 |
| 0.4 |
| 0.3 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.3 |
| 1.9 |
| (5.4) |
| (0.7) |
| 6.3 |
| (5.5) |
| (1.9) |
| - |
| (0.1) |
| (1.4) |
| - |
| (0.0) |
| (0.0) |
| - |
| - |
| (0.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.1) |
| (0.8) |
| - |
| (0.0) |
| (0.0) |
| - |
| - |
| (4.1) |
| (20.0) |
| (5.6) |
| (4.9) |
| (28.0) |
| (3.2) |
| 0.3 |
| (7.5) |
| (2.9) |
| (1.0) |
| (6.6) |
| (2.6) |
| (0.5) |
| (0.8) |
| (2.5) |
| (0.2) |
| (1.2) |
| (0.8) |
| (27.1) |
| (0.0) |
| (0.0) |
| (0.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.1) |
| (20.0) |
| (5.6) |
| (4.9) |
| (28.0) |
| (3.2) |
| 0.3 |
| (7.5) |
| (2.9) |
| (1.0) |
| (6.6) |
| (2.6) |
| (0.5) |
| (0.8) |
| (2.5) |
| (0.2) |
| (1.2) |
| (0.8) |
| (27.1) |
| (0.0) |
| (0.0) |
| (0.0) |
| - |
| (2.6) |
| (4.1) |
| (20.0) |
| (5.6) |
| (4.9) |
| (28.0) |
| (3.2) |
| 0.3 |
| (7.5) |
| (2.9) |
| (1.0) |
| (6.6) |
| (2.6) |
| (0.5) |
| (0.8) |
| (2.5) |
| (0.2) |
| (1.2) |
| (0.8) |
| (27.1) |
| (0.0) |
| (0.0) |
| (0.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (6.9) |
| (2.6) |
| (4.1) |
| (20.0) |
| (5.6) |
| (4.9) |
| (28.0) |
| (3.2) |
| 0.3 |
| (7.5) |
| (2.9) |
| (1.0) |
| (6.6) |
| (2.6) |
| (0.5) |
| (0.8) |
| (2.5) |
| (0.2) |
| (1.2) |
| (0.8) |
| (27.1) |
| (0.0) |
| (0.0) |
| (0.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 594.4 |
| - |
| 506.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (5.9) |
| (6.8) |
| (22.6) |
| (2.4) |
| (6.0) |
| (2.0) |
| (1.1) |
| (1.5) |
| (6.5) |
| (1.2) |
| (0.4) |
| (0.8) |
| (2.5) |
| (0.1) |
| (1.1) |
| (0.8) |
| (27.1) |
| (0.0) |
| (0.0) |
| (0.0) |
| (0.0) |