| (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 | Q3 FY 18 | Q2 FY 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||
| Revenues | 70.9 | 71.7 | 94.0 | 58.9 | 52.4 | 47.5 | 46.4 | 43.2 | 41.9 | 45.8 | 37.9 | 48.9 | 37.6 | 55.2 | 47.8 | 43.7 | |||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 295.4 | 277.0 | 179.0 | 170.3 | 185.3 | 154.3 | 98.4 | 85.1 | 55.7 | 38.4 |
| Cost of Revenue | 73.1 | 71.4 | 72.1 | 75.6 | 57.9 | 49.3 | 22.5 | 22.3 | 19.7 | 15.7 |
| Gross Profit | 222.3 | 205.6 | 106.9 | 94.7 | 127.4 | 105.0 | 75.9 | 62.8 | 36.0 | 22.8 |
| Operating Expenses | ||||||||||
| Research & Development | 93.2 | 93.8 | 103.0 | 122.1 | 141.8 | 142.3 | 116.1 | 70.7 | 39.2 | 32.0 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (46.7) | (57.1) | (162.5) | (227.0) | (200.2) | (209.0) | (152.8) | (78.4) | (49.8) | (44.5) |
| Non-Operating | ||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 11.8 | 11.8 | 11.6 | 13.8 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | - | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - |
| Net Income From Continuing Ops | (49.6) | (59.5) | (159.6) | |||||||
| Per Share | ||||||||||
| EPS Basic | (0.32) | (0.39) | (1.08) | (1.56) | (1.40) | (1.48) | (1.11) | - | - | - |
| EPS Diluted | (0.32) | (0.39) | (1.08) | (1.56) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (31.6) | (41.1) | (145.1) | (207.4) | (179.3) | (196.7) | (146.0) | (72.3) | (45.5) | (40.4) |
| EBIT | (46.7) | (57.1) | (162.5) | (227.0) | ||||||
| 38.6 |
| 37.9 |
| 39.5 |
| 38.5 |
| 38.4 |
| 30.2 |
| 26.3 |
| 21.0 |
| 20.9 |
| 24.2 |
| 26.1 |
| 22.1 |
| 12.7 |
| 17.2 |
| 11.6 |
| Cost of Revenue | 18.7 | 18.2 | 18.2 | 18.0 | 17.0 | 18.0 | 16.7 | 19.3 | 18.1 | 19.6 | 19.3 | 17.9 | 18.7 | 16.6 | 14.9 | 13.2 | 13.2 | 14.4 | 14.2 | 10.8 | 10.0 | 6.2 | 6.1 | 4.9 | 5.3 | 6.0 | 5.6 | 5.7 | 5.0 | 5.4 | 5.0 |
| Gross Profit | 52.2 | 53.5 | 75.8 | 40.9 | 35.5 | 29.4 | 29.8 | 23.9 | 23.8 | 26.2 | 18.6 | 31.0 | 19.0 | 38.6 | 32.9 | 30.4 | 25.4 | 23.6 | 25.3 | 27.7 | 28.5 | 24.0 | 20.2 | 16.1 | 15.6 | 18.3 | 20.5 | 16.4 | 7.7 | 11.8 | 6.5 |
| Operating Expenses | |||||||||||||||||||||||||||||||
| Research & Development | 23.6 | 21.8 | 23.7 | 24.1 | 24.2 | 23.2 | 24.2 | 25.4 | 30.2 | 28.7 | 28.5 | 32.2 | 32.6 | 31.2 | 35.7 | 37.0 | 37.8 | 34.7 | 36.1 | 37.8 | 33.8 | 35.8 | 30.3 | 26.0 | 23.9 | 21.2 | 20.5 | 16.5 | 12.5 | 9.8 | 9.5 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
| Selling & Marketing | 26.3 | 24.5 | 23.5 | 23.6 | 23.0 | 21.6 | 20.6 | 20.3 | 22.3 | 21.9 | 20.5 | 23.9 | 22.3 | 23.7 | 21.5 | 24.3 | 26.1 | ||||||||||||||
| General & Administrative | 21.0 | 19.6 | 18.0 | 17.8 | 17.4 | 18.1 | 17.3 | 17.9 | 19.6 | 20.7 | 20.1 | 22.3 | 20.8 | 22.4 | 20.8 | 21.2 | 24.1 | ||||||||||||||
| Depreciation & Amortization | 3.4 | 3.7 | 4.0 | 4.1 | 4.3 | 3.5 | 4.2 | 4.6 | 5.2 | 2.8 | 5.8 | 5.7 | 5.4 | - | - | - | |||||||||||||||
| Amortization of Intangibles | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | ||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||
| Total Operating Expenses | 90.1 | 84.5 | 83.7 | 83.9 | 82.0 | 81.3 | 79.1 | 90.5 | 90.6 | 116.9 | 88.9 | 96.7 | 94.8 | 94.4 | 93.3 | 96.2 | |||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||
| Operating Income | (19.2) | (12.8) | 10.3 | (25.0) | (29.6) | (33.8) | (32.6) | (47.3) | (48.8) | (71.1) | (51.0) | (47.8) | (57.2) | (39.2) | (45.4) | (52.5) | (63.1) | (61.6) | (56.3) | (49.8) | (41.3) | (44.2) | (37.0) | (36.9) | (34.6) | (24.2) | (18.1) | (16.1) | (20.0) | (9.2) | (13.3) |
| Non-Operating | |||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 2.9 | 3.0 | 3.0 | 2.9 | 2.9 | 3.0 | 2.9 | 2.7 | 3.0 | 3.0 | 3.7 | 3.6 | 3.5 | - | 0.7 | - | - | - | |||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.7 | (1.5) | (0.3) | - | - | - | - | - | - |
| Net Income From Continuing Ops | (20.0) | (13.6) | 9.5 | (25.6) | (29.8) | (33.7) | (32.1) | (46.2) | (47.5) | (69.5) | (50.3) | (47.8) | (57.7) | (40.2) | (45.3) | (52.1) | (62.8) | ||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||
| Net Income | (20.0) | (13.6) | 9.5 | (25.6) | (29.8) | (33.7) | (32.1) | (46.2) | (47.5) | (69.5) | (50.3) | (47.8) | (57.7) | (40.2) | (45.3) | (52.1) | (62.8) | ||||||||||||||
| Net Income Attributable To Parent | (20.0) | (13.6) | 9.5 | (25.6) | (29.9) | (33.7) | (32.1) | (46.2) | (47.5) | (69.4) | (50.3) | (47.8) | (57.7) | (40.1) | (45.3) | (52.0) | |||||||||||||||
| Less: Minority Interest | 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) | ||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||
| Net Income To Common Shareholders | (20.0) | (13.6) | 9.5 | (25.6) | (29.9) | (33.7) | (32.1) | (46.2) | (47.5) | (69.4) | (50.3) | (47.8) | (57.7) | (40.1) | (45.3) | ||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||
| EPS Basic | (0.13) | - | 0.06 | (0.17) | (0.20) | - | (0.22) | (0.31) | (0.33) | - | (0.35) | (0.33) | (0.40) | - | (0.32) | (0.37) | (0.44) | - | (0.40) | (0.35) | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.13) | - | 0.06 | (0.17) | (0.20) | - | (0.22) | (0.31) | (0.33) | - | (0.35) | (0.33) | (0.40) | - | (0.32) | (0.37) | (0.44) | - | |||||||||||||
| Shares Basic | 155.5 | - | 152.4 | 152.1 | 149.2 | - | 147.5 | 147.4 | 145.8 | - | 144.7 | 144.4 | 143.5 | - | 142.9 | 142.4 | 141.7 | - | |||||||||||||
| Shares Diluted | 155.5 | - | 163.2 | 152.1 | 149.2 | - | 147.5 | 147.4 | 145.8 | - | 144.7 | 144.4 | 143.5 | - | 142.9 | 142.4 | 141.7 | - | |||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||
| EBITDA | (15.8) | (9.1) | 14.3 | (21.0) | (25.3) | (30.3) | (28.5) | (42.7) | (43.5) | (68.3) | (45.2) | (42.2) | (51.8) | - | - | - | (58.4) | - | - | - | (39.0) | - | - | - | (33.1) | - | - | - | (18.7) | - | - |
| EBIT | (19.2) | (12.8) | 10.3 | (25.0) | (29.6) | (33.8) | (32.6) | (47.3) | (48.8) | (71.1) | (51.0) | (47.8) | (57.2) | (39.2) | (45.4) | (52.5) | (63.1) | (61.6) | (56.3) | ||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 97.9 | 94.6 | 84.8 | 88.6 | 95.6 | 95.5 | 61.4 | 38.5 | 24.5 | 16.8 |
| General & Administrative | 76.3 | 72.7 | 72.8 | 83.9 | 88.5 | 74.5 | 49.5 | 30.3 | 20.4 | 15.9 |
| Depreciation & Amortization | 15.1 | 16.0 | 17.4 | 19.6 | 20.9 | 12.3 | 6.8 | 6.1 | 4.3 | 4.1 |
| Amortization of Intangibles | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 342.1 | 334.1 | 341.5 | 397.3 | 385.5 | 363.3 | 251.2 | 163.5 | 105.4 | 82.9 |
| 4.2 |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - |
| Pre-Tax Income | - | (59.5) | (159.6) | (225.3) | (200.4) | (207.3) | (146.2) | (68.6) | - | - |
| (225.3) |
| (200.4) |
| (207.3) |
| (146.2) |
| (68.6) |
| (46.4) |
| (42.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (49.6) | (59.5) | (159.6) | (225.3) | (200.4) | (207.3) | (146.2) | (68.6) | (46.4) | (42.8) |
| Net Income Attributable To Parent | (49.7) | (59.5) | (159.5) | (225.3) | (200.2) | (207.3) | (146.2) | (68.6) | (46.4) | (42.8) |
| Less: Minority Interest | 0.0 | 0.0 | (0.1) | (0.1) | (0.2) | (0.0) | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (49.7) | (59.5) | (159.5) | (225.3) | (200.2) | (207.3) | (146.2) | (69.6) | (46.3) | (42.7) |
| (1.40) |
| (1.48) |
| (1.11) |
| - |
| - |
| - |
| Shares Basic | 155.5 | 151.7 | 147.1 | 144.4 | 142.5 | 140.4 | 131.2 | - | - | - |
| Shares Diluted | 155.5 | 151.7 | 147.1 | 144.4 | 142.5 | 140.4 | 131.2 | - | - | - |
| (200.2) |
| (209.0) |
| (152.8) |
| (78.4) |
| (49.8) |
| (44.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 26.7 |
| 24.9 |
| 23.2 |
| 20.6 |
| 18.5 |
| 14.5 |
| 14.3 |
| 14.0 |
| 12.6 |
| 9.1 |
| 8.9 |
| 7.8 |
| 6.0 |
| 5.3 |
| 23.3 |
| 20.2 |
| 16.1 |
| 14.9 |
| 13.4 |
| 12.1 |
| 12.2 |
| 11.8 |
| 8.2 |
| 8.5 |
| 6.7 |
| 7.0 |
| 4.7 |
| 4.6 |
| 4.6 |
| - |
| - |
| - |
| 2.3 |
| - |
| - |
| - |
| 1.6 |
| - |
| - |
| - |
| 1.4 |
| - |
| - |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 101.7 |
| 99.5 |
| 95.8 |
| 88.3 |
| 79.7 |
| 74.4 |
| 63.3 |
| 57.9 |
| 55.5 |
| 48.4 |
| 44.1 |
| 38.2 |
| 32.7 |
| 26.3 |
| 24.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (54.7) |
| (56.0) |
| (56.0) |
| (40.6) |
| (44.6) |
| (36.7) |
| (33.5) |
| (31.4) |
| (20.6) |
| (14.0) |
| (15.7) |
| (18.4) |
| (8.3) |
| (12.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (54.7) |
| (56.0) |
| (56.0) |
| (40.6) |
| (44.6) |
| (36.7) |
| (33.5) |
| (31.4) |
| (20.6) |
| (14.0) |
| (15.7) |
| (18.4) |
| (8.3) |
| (12.5) |
| (62.7) |
| (61.4) |
| (55.9) |
| (49.3) |
| (40.6) |
| (44.6) |
| (36.7) |
| (33.5) |
| (31.4) |
| (20.6) |
| (14.0) |
| (15.7) |
| (18.4) |
| (8.3) |
| (12.5) |
| - |
| (0.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (52.0) |
| (62.7) |
| (61.4) |
| (55.9) |
| (49.3) |
| (40.6) |
| (44.6) |
| (36.7) |
| (33.5) |
| (31.4) |
| (20.6) |
| (14.0) |
| (16.4) |
| (18.6) |
| (8.3) |
| (12.5) |
| (0.40) |
| (0.35) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 140.8 |
| 140.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 140.8 |
| 140.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (49.8) |
| (41.3) |
| (44.2) |
| (37.0) |
| (36.9) |
| (34.6) |
| (24.2) |
| (18.1) |
| (16.1) |
| (20.0) |
| (9.2) |
| (13.3) |