| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||
| Revenues | 6.3 | 5.6 | 3.6 | 5.5 | 3.4 | 2.7 | 2.3 | 2.0 | 2.1 | 1.6 | 0.8 | 0.7 | 1.1 | 0.2 | 1.4 | 1.5 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 21.0 | 18.1 | 9.1 | 4.3 | 4.2 | 9.3 | 4.8 | 1.4 |
| Cost of Revenue | 20.0 | 18.7 | 12.9 | 10.2 | 8.4 | 5.8 | 2.7 | 0.8 |
| Gross Profit | 1.0 | (0.7) | (3.8) | (5.9) | (4.3) | 3.4 | 2.1 | 0.6 |
| Operating Expenses | ||||||||
| Research & Development | 86.7 | 85.4 | 102.7 | 102.5 | 109.6 | 74.8 | 20.5 | 15.4 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (132.3) | (127.6) | (158.4) | (147.8) | (152.0) | (104.2) | (25.7) | (20.1) |
| Non-Operating | ||||||||
| Interest Income | 2.6 | 2.7 | 7.7 | 8.9 | 3.7 | 0.4 | 0.2 | 0.5 |
| Interest Expense | - | - | - | - | - | - | ||
| Tax & Net | ||||||||
| Income Tax Expense | 0.3 | 0.3 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (145.5) | (145.4) | (152.3) | (149.3) | (147.3) | |||
| Per Share | ||||||||
| EPS Basic | (2.32) | (2.55) | (2.85) | (3.29) | (3.39) | (0.51) | (0.18) | - |
| EPS Diluted | (2.32) | (2.55) | (2.85) | (3.29) | (3.39) | (0.51) | ||
| Supplementary Data | ||||||||
| EBITDA | (127.0) | (122.2) | (152.9) | (143.2) | (148.7) | (103.0) | (24.9) | (19.5) |
| EBIT | (132.3) | (127.6) | (158.4) | (147.8) | (152.0) | (104.2) | ||
| 1.1 |
| 2.9 |
| 3.5 |
| 2.6 |
| 0.3 |
| 0.7 |
| 1.9 |
| 1.6 |
| 0.5 |
| Cost of Revenue | 4.3 | 4.3 | 3.1 | 8.2 | 3.1 | 3.5 | 3.0 | 2.9 | 3.5 | 2.5 | 2.5 | 2.7 | 2.5 | 3.3 | 2.8 | 1.0 | 1.4 | 1.9 | 2.3 | 1.4 | 0.2 | 0.6 | 1.0 | 0.9 | 0.3 |
| Gross Profit | 1.9 | 1.3 | 0.4 | (2.7) | 0.3 | (0.8) | (0.7) | (0.8) | (1.4) | (0.9) | (1.7) | (1.9) | (1.4) | (3.1) | (1.4) | 0.5 | (0.2) | 0.9 | 1.2 | 1.2 | 0.1 | 0.2 | 1.0 | 0.7 | 0.3 |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 22.8 | 18.9 | 22.2 | 22.8 | 21.6 | 24.3 | 27.1 | 26.2 | 25.0 | 26.2 | 23.8 | 27.1 | 25.5 | 32.2 | 26.1 | 25.9 | 25.3 | 23.7 | 20.9 | 18.7 | 11.4 | 6.2 | 4.3 | 4.7 | 5.3 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | 1.9 | 1.5 | 1.8 | 1.4 | 1.9 | 1.3 | 1.6 | 1.7 | 2.5 | 2.0 | 1.5 | 1.5 | 2.6 | 1.6 | 2.2 | 1.6 | 1.6 | ||||||||
| General & Administrative | 12.4 | 10.0 | 9.6 | 8.0 | 7.2 | 7.7 | 8.5 | 8.7 | 8.4 | 7.7 | 8.5 | 7.7 | 7.8 | 7.4 | 8.1 | 8.7 | 6.9 | ||||||||
| Depreciation & Amortization | 1.3 | 1.8 | 1.1 | 1.1 | 1.4 | 1.8 | 1.1 | 1.2 | 1.3 | 1.9 | 0.8 | 1.0 | 1.0 | 1.4 | 0.6 | 0.6 | |||||||||
| Amortization of Intangibles | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 37.1 | 30.4 | 33.6 | 32.2 | 30.7 | 33.4 | 37.2 | 48.1 | 36.0 | 36.0 | 33.8 | 36.3 | 35.9 | 41.3 | 36.4 | 36.2 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (35.1) | (29.1) | (33.2) | (34.9) | (30.4) | (34.2) | (37.9) | (48.9) | (37.3) | (36.8) | (35.5) | (38.2) | (37.3) | (44.4) | (37.8) | (35.7) | (34.1) | (31.9) | (27.4) | (24.7) | (20.1) | (9.0) | (4.8) | (5.0) | (7.0) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 0.9 | 0.7 | 0.4 | 0.6 | 1.0 | 1.4 | 1.8 | 2.1 | 2.5 | 2.4 | 2.2 | 2.2 | 2.1 | 1.7 | 1.2 | 0.6 | 0.3 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 |
| Interest Expense | 1.2 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | 0.0 | (0.7) | 0.2 | 0.1 | 0.0 | 0.5 | (0.0) | 0.0 | (0.4) | (3.9) | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.6 | ||||||||
| Pre-Tax Income | (34.9) | (25.2) | 107.6 | (192.7) | (34.8) | (36.1) | (37.4) | (43.3) | (35.3) | (45.0) | (33.2) | (36.0) | (35.2) | (42.7) | (36.5) | (35.0) | |||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 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 |
| Net Income From Continuing Ops | (35.0) | (25.3) | 107.5 | (192.7) | (34.9) | (36.1) | (37.4) | (43.4) | (35.3) | (45.0) | (33.2) | (36.0) | (35.2) | (42.7) | (36.5) | (35.0) | (33.2) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (35.0) | (25.3) | 107.5 | (192.7) | (34.9) | (36.1) | (37.4) | (43.4) | (35.3) | (45.0) | (33.2) | (36.0) | (35.2) | (42.7) | (36.5) | (35.0) | (33.2) | ||||||||
| Net Income Attributable To Parent | (35.0) | (25.3) | 107.5 | (192.7) | (34.9) | (36.1) | (37.4) | (43.4) | (35.3) | (45.0) | (33.2) | (36.0) | (35.2) | (42.7) | (36.5) | (35.0) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (35.0) | (25.3) | 107.5 | (192.7) | (34.9) | (36.1) | (37.4) | (43.4) | (35.3) | (45.0) | (33.2) | (36.0) | (35.2) | (42.7) | (36.5) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.56) | - | 1.86 | (3.49) | (0.64) | - | (0.70) | (0.82) | (0.67) | - | (0.75) | (0.82) | (0.80) | - | (0.17) | (0.16) | (0.15) | - | (0.13) | (0.11) | - | - | - | - | - |
| EPS Diluted | (0.56) | - | (0.52) | (3.49) | (0.64) | - | (0.70) | (0.82) | (0.67) | - | (0.75) | (0.82) | (0.80) | - | (0.17) | (0.16) | (0.15) | - | |||||||
| Shares Basic | 62.8 | - | 57.9 | 55.2 | 54.8 | - | 53.7 | 53.0 | 52.7 | - | 44.6 | 44.1 | 43.9 | - | 217.9 | 216.9 | 216.0 | - | |||||||
| Shares Diluted | 62.8 | - | 61.1 | 55.2 | 54.8 | - | 53.7 | 53.0 | 52.7 | - | 44.6 | 44.1 | 43.9 | - | 217.9 | 216.9 | 216.0 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (33.8) | (27.3) | (32.1) | (33.8) | (29.0) | (32.4) | (36.8) | (47.7) | (36.0) | (35.0) | (34.7) | (37.2) | (36.3) | (43.0) | (37.2) | (35.1) | (33.4) | (31.6) | (27.1) | (24.4) | (19.9) | (8.8) | (4.6) | (4.8) | (6.8) |
| EBIT | (35.1) | (29.1) | (33.2) | (34.9) | (30.4) | (34.2) | (37.9) | (48.9) | (37.3) | (36.8) | (35.5) | (38.2) | (37.3) | (44.4) | (37.8) | (35.7) | (34.1) | (31.9) | (27.4) | ||||||
| - |
| - |
| - |
| Selling & Marketing | 6.6 | 6.7 | 7.2 | 7.6 | 7.0 | 4.4 | 1.7 | 1.0 |
| General & Administrative | 40.0 | 34.8 | 33.3 | 31.8 | 31.1 | 28.4 | 5.7 | 4.3 |
| Depreciation & Amortization | 5.3 | 5.4 | 5.5 | 4.6 | 3.3 | 1.1 | 0.8 | 0.6 |
| Amortization of Intangibles | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.1 | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 133.3 | 126.9 | 154.6 | 141.9 | 147.7 | 107.6 | 27.8 | 20.7 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.4) | (0.5) | 0.1 | (3.8) | 0.9 | 1.9 | (0.0) | (0.0) |
| Pre-Tax Income | (145.3) | (145.1) | (152.1) | (149.3) | (147.3) | (101.9) | (25.6) | (19.6) |
| (101.9) |
| (25.6) |
| (19.6) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (145.5) | (145.4) | (152.3) | (149.3) | (147.3) | (101.9) | (25.6) | (19.6) |
| Net Income Attributable To Parent | (145.5) | (145.4) | (152.3) | (149.3) | (147.3) | (101.9) | (25.6) | (19.6) |
| Less: Minority Interest | - | - | - | - | - | - | 1.4 | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (145.5) | (145.4) | (152.3) | (149.3) | (147.3) | (101.9) | (25.6) | (19.6) |
| (0.18) |
| - |
| Shares Basic | 62.8 | 57.0 | 53.4 | 45.4 | 43.5 | 200.8 | 141.7 | 115.0 |
| Shares Diluted | 62.8 | 57.0 | 53.4 | 45.4 | 43.5 | 200.8 | 141.7 | 115.0 |
| (25.7) |
| (20.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.4 |
| 0.9 |
| 0.5 |
| 0.7 |
| 0.7 |
| 0.2 |
| 0.2 |
| 0.6 |
| 6.8 |
| 6.7 |
| 6.7 |
| 8.2 |
| 2.3 |
| 1.2 |
| 0.8 |
| 1.3 |
| 0.6 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| 33.8 |
| 32.9 |
| 28.6 |
| 25.9 |
| 20.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.7 |
| 0.6 |
| 0.7 |
| (0.0) |
| (0.0) |
| (0.0) |
| (0.0) |
| (33.2) |
| (31.7) |
| (26.6) |
| (24.1) |
| (19.5) |
| (9.0) |
| (4.8) |
| (5.0) |
| (6.9) |
| (31.7) |
| (26.6) |
| (24.1) |
| (19.5) |
| (18.4) |
| (0.1) |
| (0.2) |
| (6.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (31.7) |
| (26.6) |
| (24.1) |
| (19.5) |
| (18.4) |
| (0.1) |
| (0.2) |
| (6.9) |
| (33.2) |
| (31.7) |
| (26.6) |
| (24.1) |
| (19.5) |
| (9.0) |
| (4.8) |
| (5.0) |
| (6.9) |
| - |
| - |
| - |
| 2.8 |
| (0.0) |
| (0.1) |
| (1.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (35.0) |
| (33.2) |
| (31.7) |
| (26.6) |
| (24.1) |
| (19.5) |
| (9.0) |
| (4.8) |
| (5.0) |
| (6.9) |
| (0.13) |
| (0.11) |
| - |
| - |
| - |
| - |
| - |
| 212.6 |
| 211.6 |
| 164.0 |
| - |
| 143.9 |
| 139.5 |
| 135.0 |
| 212.6 |
| 211.6 |
| 164.0 |
| - |
| 143.9 |
| 139.5 |
| 135.0 |
| (24.7) |
| (20.1) |
| (9.0) |
| (4.8) |
| (5.0) |
| (7.0) |