| (in millions of USD, except per-share data) | 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 | Q1 FY 20 | Q4 FY 19 | Q3 FY 19 | Q2 FY 19 | Q1 FY 19 | Q4 FY 18 | Q3 FY 18 | Q2 FY 18 | Q1 FY 18 | Q4 FY 17 | Q3 FY 17 | Q2 FY 17 | Q1 FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 93.8 | 99.1 | 99.3 | 106.0 | 71.2 | 48.9 | 34.3 | 23.7 | 14.7 | 16.8 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (113.8) | (122.1) | (127.6) | (152.0) | (72.6) | (61.4) | (39.2) | (31.4) | (15.0) | (18.9) |
| Non-Operating | ||||||||||
| Interest Income | 5.4 | 5.8 | 10.7 | 10.0 | - | - | - | - | - | - |
| Interest Expense | 0.1 | 0.0 | 0.0 | 0.0 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | (2.8) | 0.0 | (0.6) | 0.0 |
| Net Income From Continuing Ops | (108.8) | (116.8) | (117.1) | |||||||
| Per Share | ||||||||||
| EPS Basic | (10.13) | (16.95) | (21.33) | (3.31) | (1.70) | (2.00) | - | - | - | - |
| EPS Diluted | (10.13) | (16.95) | (21.33) | (3.31) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (107.8) | (115.7) | (121.1) | (145.9) | (70.0) | (59.9) | (38.0) | (30.2) | (13.7) | (18.9) |
| EBIT | (113.8) | (122.1) | (127.6) | (152.0) | ||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| Research & Development | 17.5 | 25.0 | 22.9 | 28.4 | 22.8 | 23.3 | 26.3 | 25.9 | 23.9 | 24.8 | 26.2 | 28.4 | 26.8 | 25.0 | 16.6 | 16.2 | 13.5 | 14.7 | 11.9 | 10.6 | 11.7 | 9.7 | 8.9 | 8.7 | 7.0 | (8.0) | 6.3 | 16.6 | 8.9 | (12.0) | 6.8 | 11.8 | 8.1 | 6.8 | 3.3 | 3.4 | 3.3 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| General & Administrative | 4.1 | 6.8 | 5.1 | 4.0 | 7.1 | 7.5 | 6.9 | 6.9 | 7.0 | 6.8 | 6.6 | 6.5 | 6.6 | 6.6 | 6.4 | 6.5 | 6.8 | ||||||||||||||||||||
| Depreciation & Amortization | 1.3 | 1.5 | 1.6 | 1.6 | 1.7 | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.6 | 1.5 | 1.3 | 1.0 | 0.8 | 0.4 | |||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Operating Expenses | 0.0 | 0.2 | 0.1 | 0.2 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Total Operating Expenses | 21.6 | 31.9 | 28.0 | 32.4 | 29.9 | 30.7 | 33.2 | 32.8 | 30.9 | 31.6 | 52.3 | 34.9 | 33.3 | 31.6 | 23.0 | 22.7 | |||||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (21.6) | (31.9) | (28.0) | (32.4) | (29.9) | (30.7) | (33.2) | (32.8) | (30.9) | (31.6) | (52.3) | (34.9) | (33.3) | (31.6) | (23.0) | (22.7) | 4.7 | (15.5) | (13.7) | (10.8) | (21.4) | (9.3) | (13.7) | (8.6) | (7.6) | 14.7 | (15.2) | (19.2) | (11.7) | 18.4 | (9.0) | (14.1) | (10.2) | (7.5) | (3.9) | (4.1) | (3.4) |
| Non-Operating | |||||||||||||||||||||||||||||||||||||
| Interest Income | 1.3 | 1.5 | 1.2 | 1.4 | 1.7 | 2.1 | 2.7 | 3.0 | 2.9 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 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 | 0.0 | |||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Non-Operating Income | 0.0 | (0.1) | (0.1) | (0.2) | (0.0) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.2) | (0.5) | (0.2) | (0.1) | (0.1) | ||||||||||||||||||||
| Pre-Tax Income | (20.2) | (30.5) | (26.9) | (31.2) | (28.2) | (28.7) | (30.5) | (29.9) | (28.0) | (29.5) | (49.9) | (32.4) | (30.9) | (29.9) | (22.0) | (22.5) | |||||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 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 | (0.0) | 0.0 | (0.1) | (0.0) | (0.1) | 0.0 | 0.0 | (2.7) | (0.0) | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (20.2) | (30.5) | (26.9) | (31.2) | (28.2) | (28.7) | (30.5) | (29.9) | (28.0) | (29.5) | (49.9) | (32.4) | (30.9) | (29.9) | (22.0) | (22.5) | 4.6 | ||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income | (20.2) | (30.5) | (26.9) | (31.2) | (28.2) | (28.7) | (30.5) | (29.9) | (28.0) | (29.5) | (49.9) | (32.4) | (30.9) | (29.9) | (22.0) | (22.5) | 4.6 | ||||||||||||||||||||
| Net Income Attributable To Parent | (20.2) | (30.5) | (26.9) | (31.2) | (28.2) | (28.7) | (30.5) | (29.9) | (28.0) | (29.5) | (49.9) | (32.4) | (30.9) | (29.9) | (22.0) | (22.5) | |||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income To Common Shareholders | (20.2) | (30.5) | (26.9) | (31.2) | (28.2) | (28.7) | (30.5) | (29.9) | (28.0) | (29.5) | (49.9) | (32.4) | (30.9) | (29.9) | (22.0) | ||||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||||
| EPS Basic | (1.88) | - | (0.29) | (0.34) | (4.96) | - | (0.34) | (0.33) | (0.35) | - | (1.16) | (0.75) | (0.72) | - | (0.53) | (0.56) | 0.12 | - | (0.44) | (0.34) | (0.82) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (1.88) | - | (0.29) | (0.34) | (4.96) | - | (0.34) | (0.33) | (0.35) | - | (1.16) | (0.75) | (0.72) | - | (0.53) | (0.56) | 0.10 | - | |||||||||||||||||||
| Shares Basic | 10.7 | - | 91.1 | 91.1 | 5.7 | - | 90.8 | 90.6 | 79.1 | - | 43.0 | 43.0 | 43.0 | - | 41.6 | 40.1 | 39.8 | - | |||||||||||||||||||
| Shares Diluted | 10.7 | - | 91.1 | 91.1 | 5.7 | - | 90.8 | 90.6 | 79.1 | - | 43.0 | 43.0 | 43.0 | - | 41.6 | 40.1 | 46.0 | - | |||||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| EBITDA | (20.2) | (30.4) | (26.4) | (30.8) | (28.2) | (29.1) | (31.6) | (31.2) | (29.2) | (29.8) | (50.7) | (33.4) | (32.1) | (30.5) | (22.2) | (22.3) | 5.1 | (15.2) | (13.3) | (10.3) | (21.0) | (9.0) | (13.4) | (8.3) | (7.2) | 15.6 | (14.9) | (19.1) | (11.7) | 19.5 | (9.0) | (14.1) | (10.2) | - | (3.9) | - | (3.4) |
| EBIT | (21.6) | (31.9) | (28.0) | (32.4) | (29.9) | (30.7) | (33.2) | (32.8) | (30.9) | (31.6) | (52.3) | (34.9) | (33.3) | (31.6) | (23.0) | (22.7) | 4.7 | (15.5) | (13.7) | ||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 20.0 | 23.0 | 28.3 | 26.5 | 26.3 | 22.2 | 22.8 | 8.7 | 8.4 | 2.0 |
| Depreciation & Amortization | 6.0 | 6.4 | 6.5 | 6.1 | 2.6 | 1.5 | 1.2 | 1.2 | 1.2 | 0.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0.5 | 0.5 | 0.2 | 0.6 | - | - | - | - | - | - |
| Total Operating Expenses | 113.8 | 122.1 | 127.6 | 152.0 | 97.5 | 71.2 | 57.1 | 32.4 | 23.1 | 18.9 |
| 0.1 |
| 0.2 |
| 0.1 |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.4) | (0.4) | (0.2) | (0.6) | (0.9) | (0.6) | (1.0) | 2.3 | 4.5 | (14.9) |
| Pre-Tax Income | (108.8) | (116.8) | (117.1) | (142.7) | (69.8) | (62.1) | (39.5) | (28.1) | (9.9) | (33.8) |
| (142.7) |
| (69.8) |
| (62.0) |
| (36.7) |
| (28.1) |
| (9.3) |
| (33.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (108.8) | (116.8) | (117.1) | (142.7) | (69.8) | (62.0) | (36.7) | (28.1) | (9.3) | (33.8) |
| Net Income Attributable To Parent | (108.8) | (116.8) | (117.1) | (142.7) | (69.8) | (62.0) | (36.7) | (28.1) | (9.3) | (33.8) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (108.8) | (116.8) | (117.1) | (142.7) | (69.8) | (62.0) | (36.7) | (28.1) | (9.3) | (33.8) |
| (1.70) |
| (2.00) |
| - |
| - |
| - |
| - |
| Shares Basic | 10.7 | 6.9 | 5.5 | 43.0 | 41.1 | 31.0 | 7.3 | 2.1 | 2.0 | - |
| Shares Diluted | 10.7 | 6.9 | 5.5 | 43.0 | 41.1 | 31.0 | - | - | - | - |
| (72.6) |
| (61.4) |
| (39.2) |
| (31.4) |
| (15.0) |
| (18.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 6.4 |
| 5.2 |
| 5.0 |
| 5.6 |
| 5.1 |
| 7.7 |
| 7.4 |
| 2.5 |
| 1.4 |
| 1.8 |
| 2.6 |
| 2.8 |
| 1.8 |
| 2.3 |
| 2.3 |
| 2.1 |
| 0.7 |
| 0.6 |
| 0.6 |
| 0.1 |
| 0.4 |
| 0.3 |
| 0.4 |
| 0.5 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.9 |
| 0.3 |
| 0.0 |
| 0.0 |
| 1.2 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| 0.0 |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 20.3 |
| 21.0 |
| 17.1 |
| 15.6 |
| 17.4 |
| 14.8 |
| 16.7 |
| 16.1 |
| 9.6 |
| (6.7) |
| 8.2 |
| 19.2 |
| 11.7 |
| (10.2) |
| 9.0 |
| 14.1 |
| 10.2 |
| 7.5 |
| 3.9 |
| 4.1 |
| 3.4 |
| 0.1 |
| 0.1 |
| 0.1 |
| - |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.3) |
| (0.2) |
| (0.1) |
| (0.0) |
| 0.2 |
| (1.2) |
| (0.0) |
| 0.1 |
| 0.7 |
| 0.2 |
| 0.8 |
| 0.6 |
| 3.0 |
| 0.6 |
| 0.5 |
| 0.3 |
| - |
| 0.6 |
| - |
| 0.0 |
| 4.6 |
| (15.8) |
| (14.0) |
| (10.9) |
| (21.4) |
| (9.1) |
| (14.8) |
| (8.5) |
| (7.2) |
| 16.0 |
| (14.8) |
| (18.3) |
| (11.1) |
| 22.0 |
| (8.4) |
| (13.6) |
| (9.9) |
| (23.1) |
| (3.3) |
| (4.1) |
| (3.4) |
| (15.8) |
| (14.0) |
| (10.9) |
| (21.3) |
| (9.0) |
| (14.8) |
| (8.5) |
| (4.5) |
| 0.4 |
| (14.8) |
| (2.7) |
| (11.1) |
| 22.6 |
| (8.4) |
| (13.6) |
| (9.9) |
| (23.1) |
| (3.3) |
| (4.1) |
| (3.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (15.8) |
| (14.0) |
| (10.9) |
| (21.3) |
| (9.0) |
| (14.8) |
| (8.5) |
| (4.5) |
| 0.4 |
| (14.8) |
| (2.7) |
| (11.1) |
| 22.6 |
| (8.4) |
| (13.6) |
| (9.9) |
| (23.1) |
| (3.3) |
| (4.1) |
| (3.4) |
| 4.6 |
| (15.8) |
| (14.0) |
| (10.9) |
| (21.3) |
| (9.0) |
| (14.8) |
| (8.5) |
| (4.5) |
| (6.6) |
| (14.8) |
| (2.7) |
| (4.1) |
| 22.6 |
| (8.4) |
| (13.6) |
| (9.9) |
| (23.1) |
| (3.3) |
| (4.1) |
| (3.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (22.5) |
| 4.6 |
| (15.8) |
| (14.0) |
| (10.9) |
| (21.3) |
| (9.0) |
| (14.8) |
| (8.5) |
| (4.5) |
| (6.6) |
| (14.8) |
| (2.7) |
| (4.1) |
| 22.6 |
| (8.4) |
| (13.6) |
| (9.9) |
| (23.1) |
| (3.3) |
| (4.1) |
| (3.4) |
| (0.44) |
| (0.34) |
| (0.82) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 31.9 |
| 31.8 |
| 26.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 31.9 |
| 31.8 |
| 26.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (10.8) |
| (21.4) |
| (9.3) |
| (13.7) |
| (8.6) |
| (7.6) |
| 14.7 |
| (15.2) |
| (19.2) |
| (11.7) |
| 18.4 |
| (9.0) |
| (14.1) |
| (10.2) |
| (7.5) |
| (3.9) |
| (4.1) |
| (3.4) |