| (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 | Q4 FY 16 | Q3 FY 16 | Q2 FY 16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 20.7 | 20.0 | 12.9 | 12.5 | 8.7 | 10.7 | 9.0 | 8.6 | 8.2 | 7.1 | 7.4 | 6.7 | 5.6 | 4.3 | 3.5 | 5.6 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||
| Revenues | 66.0 | 54.0 | 36.5 | 26.8 | 14.2 | 0.0 | 0.0 | 117.9 | 94.4 | 43.0 | 69.9 | 59.1 | 65.4 | 25.5 | 25.1 | 21.8 |
| Cost of Revenue | 6.6 | 6.3 | 4.2 | 2.9 | 1.7 | 0.0 | 0.0 | 1.3 | 1.4 | 0.0 | 0.0 | - | - | - | - | - |
| Gross Profit | 59.5 | 47.7 | 32.3 | 23.9 | 12.5 | 0.0 | 0.0 | 116.6 | 93.0 | 43.0 | 69.9 | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||
| Research & Development | 347.9 | 339.5 | 301.3 | 295.5 | 279.9 | 257.0 | 220.8 | 214.3 | 341.3 | 292.7 | 220.2 | 141.8 | 100.4 | 54.5 | 41.0 | |
| Operating Income | ||||||||||||||||
| Operating Income | (475.5) | (472.1) | (425.7) | (391.5) | (389.0) | (378.4) | (335.9) | (316.3) | (362.5) | (320.8) | (201.0) | (118.7) | (54.1) | (38.9) | ||
| Non-Operating | ||||||||||||||||
| Interest Income | - | - | - | - | 12.8 | 0.8 | 6.6 | 14.9 | 16.5 | 6.1 | 2.5 | 1.0 | 0.2 | 0.1 | 0.1 | 0.1 |
| Tax & Net | ||||||||||||||||
| Income Tax Expense | - | (1.0) | 44.2 | 0.0 | 0.0 | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.4) | 0.6 | (2.8) | |
| Per Share | ||||||||||||||||
| EPS Basic | (7.19) | (7.12) | 11.86 | (6.33) | (4.23) | 26.55 | (4.74) | (6.86) | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||
| EBITDA | - | (466.9) | (420.0) | (384.9) | (380.6) | (369.6) | (326.5) | (308.2) | (355.3) | (314.4) | (195.3) | (115.4) | (52.8) | (37.4) | (21.8) | (15.8) |
| 0.8 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| (159.2) |
| 34.7 |
| 37.3 |
| 87.1 |
| 35.4 |
| 26.0 |
| 26.2 |
| 30.2 |
| 30.0 |
| 15.2 |
| 40.4 |
| 8.8 |
| 9.8 |
| 11.4 |
| 11.3 |
| 10.5 |
| - |
| 9.0 |
| 7.0 |
| Cost of Revenue | 1.3 | 1.9 | 1.7 | 1.7 | 1.1 | 1.3 | 0.8 | 1.5 | 0.6 | 0.6 | 0.6 | 1.1 | 0.6 | 0.4 | 0.5 | 0.4 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | (1.8) | 0.6 | 0.7 | 0.5 | 0.3 | 0.4 | 0.3 | 0.3 | 0.7 | 0.7 | 0.0 | 0.0 | - | 0.0 | - | - | - | - | - |
| Gross Profit | 19.4 | 18.1 | 11.2 | 10.8 | 7.6 | 9.5 | 8.2 | 7.1 | 7.6 | 6.5 | 6.8 | 5.6 | 5.1 | 3.9 | 3.0 | 5.1 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | (157.3) | 34.1 | 36.7 | 86.6 | 35.2 | 25.6 | 25.9 | 29.9 | 29.3 | 14.5 | 40.4 | 8.8 | - | 11.4 | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 81.1 | 88.1 | 86.8 | 91.9 | 72.7 | 82.8 | 72.5 | 77.4 | 68.6 | 77.5 | 81.8 | 68.9 | 67.3 | 70.3 | 65.0 | 74.5 | 70.1 | 73.3 | 64.0 | 62.0 | 57.7 | 59.4 | 51.9 | 54.1 | 55.4 | (90.4) | 101.7 | 107.4 | 95.6 | 93.8 | 82.6 | 86.7 | 78.2 | 77.2 | 72.9 | 79.8 | 62.7 | 64.7 | 60.6 | 50.8 |
| Selling General & Administrative | 48.3 | 51.6 | 41.3 | 45.9 | 41.5 | 51.7 | 38.5 | 35.5 | 31.0 | 35.3 | 25.8 | 30.4 | 28.4 | 32.8 | 29.1 | 28.3 | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.1 | 28.3 | 31.5 | |||||||||||||||||||||||
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.0 | |||||||||||||||||||||||
| Total Operating Expenses | 130.8 | 141.5 | 129.7 | 139.5 | 115.4 | 135.8 | 111.8 | 114.4 | 100.3 | 113.4 | 108.3 | 100.4 | 96.2 | 103.5 | 94.6 | 103.2 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (110.0) | (121.6) | (116.9) | (127.1) | (106.6) | (125.0) | (102.8) | (105.8) | (92.1) | (106.3) | (100.9) | (93.7) | (90.6) | (99.2) | (91.1) | (97.6) | (101.1) | (104.8) | (91.2) | (91.2) | (91.2) | (85.3) | (80.3) | (83.3) | (87.0) | 4.1 | (109.1) | (113.9) | (97.5) | (96.4) | (99.2) | (72.9) | (94.0) | (90.1) | (79.0) | (84.6) | (67.0) | (57.4) | (63.5) | (56.5) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.7 | - | - | - | 0.3 | 0.8 | 1.1 | 1.8 | 2.9 | 3.6 | 2.9 | 4.0 | 4.4 | 4.6 | 4.5 | 4.2 | 3.2 | 1.8 | 1.9 | 1.5 | 0.9 | 0.9 | 0.7 | 0.5 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 0.1 | 0.1 | 0.1 | 0.5 | 1.3 | 1.6 | 1.7 | 1.6 | 1.6 | 1.7 | 1.2 | 1.6 | 1.5 | 1.4 | 1.1 | 1.3 | 3.0 | |||||||||||||||||||||||
| Pre-Tax Income | - | - | (103.4) | - | - | - | 1,001.0 | - | - | - | (91.3) | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | 0.0 | - | - | - | 53.1 | - | - | - | 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 |
| Net Income From Continuing Ops | (99.1) | (108.0) | (103.4) | (112.0) | (89.3) | (96.5) | 947.9 | (96.1) | (81.5) | (95.9) | (91.3) | (83.8) | (81.0) | 36.5 | (81.7) | (91.8) | (94.8) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (99.1) | (108.0) | (103.4) | (112.0) | (89.3) | (96.5) | 947.9 | (96.1) | (81.5) | (95.9) | (91.3) | (83.8) | (81.0) | 36.5 | (81.7) | (91.8) | (94.8) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (99.1) | (108.0) | (103.4) | (112.0) | (89.3) | (96.5) | 947.9 | (96.1) | (81.5) | (95.9) | (91.3) | (83.8) | (81.0) | 36.5 | (81.7) | (91.8) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (99.1) | (108.0) | (103.4) | (112.0) | (89.3) | (96.5) | 947.9 | (96.1) | (81.5) | (95.9) | (91.3) | (83.8) | (81.0) | 36.5 | (81.7) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (1.69) | - | (1.78) | (1.93) | (1.55) | - | 16.65 | (1.69) | (1.45) | - | (1.64) | (1.51) | (1.47) | - | (1.49) | (1.68) | (1.74) | - | (1.56) | (1.41) | 26.95 | - | (1.43) | (1.31) | (0.59) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (1.69) | - | (1.78) | (1.93) | (1.55) | - | 16.22 | (1.69) | (1.45) | - | (1.64) | (1.51) | (1.47) | - | (1.49) | (1.68) | (1.74) | - | ||||||||||||||||||||||
| Shares Basic | 58.8 | - | 58.1 | 57.9 | 57.5 | - | 56.9 | 56.8 | 56.4 | - | 55.8 | 55.6 | 55.3 | - | 54.8 | 54.8 | 54.6 | - | ||||||||||||||||||||||
| Shares Diluted | 58.8 | - | 58.1 | 57.9 | 57.5 | - | 58.4 | 56.8 | 56.4 | - | 55.8 | 55.6 | 55.3 | - | 54.8 | 54.8 | 54.6 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (84.6) | - | - | - | (95.5) | - | - | - | (92.3) | - | - | - | (65.5) | - | - | - |
| EBIT | (110.0) | (121.6) | (116.9) | (127.1) | (106.6) | (125.0) | (102.8) | (105.8) | (92.1) | (106.3) | (100.9) | (93.7) | (90.6) | (99.2) | (91.1) | (97.6) | (101.1) | (104.8) | (91.2) | |||||||||||||||||||||
| 31.3 |
| Selling General & Administrative | 187.1 | 180.3 | 156.8 | 119.9 | 121.7 | 121.4 | 115.1 | 102.0 | 114.1 | 71.1 | 50.7 | - | - | - | - | - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | 71.1 | 50.7 | 36.0 | 19.1 | 9.9 | 7.1 | 7.2 |
| Depreciation & Amortization | - | 5.2 | 5.7 | 6.6 | 8.4 | 8.8 | 9.4 | 8.1 | 7.2 | 6.4 | 5.7 | 3.3 | 1.4 | 1.4 | 1.2 | 0.8 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 541.6 | 526.2 | 462.2 | 418.3 | 403.3 | 378.4 | 335.9 | 316.3 | 456.9 | 363.8 | 270.9 | 177.8 | 119.5 | 64.4 | 48.1 | 38.5 |
| (23.0) |
| (16.6) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.8 | 2.0 | 6.5 | 6.1 | 6.7 | 14.4 | 0.0 | 0.0 | - | - | - | - | - | - | - | - |
| Pre-Tax Income | - | (413.8) | 718.0 | (352.1) | (231.8) | (356.5) | (329.3) | (301.4) | (346.0) | (314.7) | (198.5) | (117.7) | (53.9) | (38.8) | (22.9) | (16.5) |
| 7.2 |
| Net Income From Continuing Ops | (422.6) | (412.8) | 673.7 | (352.1) | (231.8) | (356.5) | (329.3) | (301.4) | (346.0) | (314.7) | (198.5) | (117.7) | (53.5) | (39.4) | (20.1) | (23.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (422.6) | (412.8) | 673.7 | (352.1) | (231.8) | 1,604.7 | (327.4) | (411.5) | (346.0) | (314.7) | (198.5) | (117.7) | (53.5) | (39.4) | (20.1) | (23.7) |
| Net Income Attributable To Parent | (422.6) | (412.8) | 673.7 | (352.1) | (231.8) | 1,604.7 | (327.4) | (411.5) | (346.0) | (314.7) | (198.5) | (117.7) | (53.5) | (39.4) | (20.1) | (23.7) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.2 | 7.2 | 3.1 |
| Net Income To Common Shareholders | (422.6) | (412.8) | 673.7 | (352.1) | (231.8) | 1,604.7 | (327.4) | (411.5) | (346.0) | (314.7) | (198.5) | (117.7) | (53.5) | (43.6) | (27.3) | (26.8) |
| EPS Diluted | (7.19) | (7.12) | 11.64 | (6.33) | (4.23) | 26.55 | (4.74) | (6.86) | - | - | - | - | - | - | - | - |
| Shares Basic | 58.8 | 58.0 | 56.8 | 55.7 | 54.8 | 60.4 | 69.0 | 60.0 | - | - | - | - | - | - | - | - |
| Shares Diluted | 58.8 | 58.0 | 57.9 | 55.7 | 54.8 | 60.4 | 69.0 | 60.0 | - | - | - | - | - | - | - | - |
| EBIT | (475.5) | (472.1) | (425.7) | (391.5) | (389.0) | (378.4) | (335.9) | (316.3) | (362.5) | (320.8) | (201.0) | (118.7) | (54.1) | (38.9) | (23.0) | (16.6) |
| 31.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 27.2 |
| 29.2 |
| 33.6 |
| - |
| 28.3 |
| 29.2 |
| 31.7 |
| - |
| 33.0 |
| 32.4 |
| 31.8 |
| - |
| 31.1 |
| 26.6 |
| 24.6 |
| 22.7 |
| 17.5 |
| 16.1 |
| 14.8 |
| 15.4 |
| 11.9 |
| 12.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.5 |
| - |
| - |
| - |
| 2.0 |
| - |
| - |
| - |
| 1.7 |
| - |
| - |
| - |
| 1.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 102.0 |
| 104.8 |
| 91.2 |
| 91.2 |
| 91.2 |
| 85.3 |
| 80.3 |
| 83.3 |
| 87.0 |
| (86.6) |
| 135.1 |
| 140.1 |
| 127.7 |
| 126.4 |
| 114.4 |
| 113.4 |
| 102.8 |
| 99.9 |
| 90.4 |
| 95.9 |
| 77.6 |
| 80.1 |
| 72.5 |
| 63.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.6 |
| 6.5 |
| - |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (98.6) |
| (84.3) |
| (82.8) |
| (90.9) |
| (84.5) |
| (79.2) |
| (81.5) |
| (84.1) |
| 7.7 |
| (106.2) |
| (109.9) |
| (93.1) |
| (91.8) |
| (94.7) |
| (68.7) |
| (90.8) |
| (88.3) |
| (77.1) |
| (83.1) |
| (66.2) |
| (56.5) |
| (62.8) |
| (56.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (94.6) |
| (88.8) |
| (86.2) |
| 1,874.3 |
| (97.7) |
| (99.0) |
| (90.5) |
| (40.3) |
| (102.4) |
| (106.2) |
| (109.9) |
| (93.1) |
| (91.8) |
| (94.7) |
| (68.7) |
| (90.8) |
| (88.3) |
| (77.1) |
| (83.1) |
| (66.2) |
| (56.5) |
| (62.8) |
| (56.0) |
| (94.8) |
| (94.6) |
| (88.8) |
| (86.2) |
| 1,874.3 |
| (97.7) |
| (99.0) |
| (90.5) |
| (40.3) |
| (102.4) |
| (106.2) |
| (109.9) |
| (93.1) |
| (91.8) |
| (94.7) |
| (68.7) |
| (90.8) |
| (88.3) |
| (77.1) |
| (83.1) |
| (66.2) |
| (56.5) |
| (62.8) |
| (56.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (91.8) |
| (94.8) |
| (94.6) |
| (88.8) |
| (86.2) |
| 1,874.3 |
| (97.7) |
| (99.0) |
| (90.5) |
| (40.3) |
| (102.4) |
| (106.2) |
| (109.9) |
| (93.1) |
| (91.8) |
| (94.7) |
| (68.7) |
| (90.8) |
| (88.3) |
| (77.1) |
| (83.1) |
| (66.2) |
| (56.5) |
| (62.8) |
| (56.0) |
| (1.56) |
| (1.41) |
| 26.95 |
| - |
| (1.43) |
| (1.31) |
| (0.59) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 57.0 |
| 61.1 |
| 69.5 |
| - |
| 69.1 |
| 69.0 |
| 68.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 57.0 |
| 61.1 |
| 69.5 |
| - |
| 69.1 |
| 69.0 |
| 68.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (91.2) |
| (91.2) |
| (85.3) |
| (80.3) |
| (83.3) |
| (87.0) |
| 4.1 |
| (109.1) |
| (113.9) |
| (97.5) |
| (96.4) |
| (99.2) |
| (72.9) |
| (94.0) |
| (90.1) |
| (79.0) |
| (84.6) |
| (67.0) |
| (57.4) |
| (63.5) |
| (56.5) |