| (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 | Q3 FY 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||
| Revenues | 22.9 | 20.1 | 17.4 | 16.5 | 16.5 | 15.5 | 14.7 | 14.6 | 12.9 | 12.5 | 13.3 | 14.7 | 13.2 | 11.2 | 12.6 | 14.8 | ||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 77.0 | 70.6 | 57.7 | 53.7 | 50.4 | 37.9 | 31.8 |
| Cost of Revenue | 8.6 | 6.9 | 6.0 | 5.1 | 4.3 | 3.7 | 1.5 |
| Gross Profit | 68.4 | 63.7 | 51.8 | 48.6 | 46.1 | 34.1 | 30.3 |
| Operating Expenses | |||||||
| Research & Development | 52.5 | 49.9 | 45.0 | 45.1 | 41.2 | 30.8 | 17.0 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (34.7) | (33.1) | (31.6) | (35.1) | (28.9) | (21.8) | (3.8) |
| Non-Operating | |||||||
| Interest Income | - | - | - | - | - | - | - |
| Interest Expense | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 |
| Tax & Net | |||||||
| Income Tax Expense | (2.5) | 1.5 | 2.5 | 1.7 | (0.4) | 1.0 | 1.0 |
| Net Income From Continuing Ops | (34.6) | (34.7) | (33.6) | (36.9) | (27.4) | (23.4) | |
| Per Share | |||||||
| EPS Basic | (0.76) | (0.82) | (0.86) | (1.03) | (0.84) | (1.06) | (0.19) |
| EPS Diluted | (0.76) | (0.82) | (0.86) | (1.03) | (0.84) | (1.06) | (0.19) |
| Supplementary Data | |||||||
| EBITDA | - | (29.8) | (28.2) | (32.1) | (26.8) | (20.3) | (2.8) |
| EBIT | (34.7) | (33.1) | (31.6) | (35.1) | (28.9) | (21.8) | (3.8) |
| 11.8 |
| 11.4 |
| 9.0 |
| 10.8 |
| 6.7 |
| 6.4 |
| Cost of Revenue | 3.3 | 1.9 | 1.8 | 1.7 | 1.5 | 1.6 | 1.5 | 1.5 | 1.5 | 1.4 | 1.3 | 1.2 | 1.1 | 1.1 | 0.9 | 1.3 | 1.0 | 1.1 | 0.9 | 0.9 | 0.9 | 0.2 |
| Gross Profit | 19.7 | 18.3 | 15.6 | 14.8 | 15.0 | 13.9 | 13.3 | 13.1 | 11.5 | 11.1 | 12.0 | 13.5 | 12.0 | 10.1 | 11.7 | 13.5 | 10.8 | 10.3 | 8.1 | 9.9 | 5.8 | 6.2 |
| Operating Expenses | ||||||||||||||||||||||
| Research & Development | 14.5 | 13.2 | 12.6 | 12.2 | 11.9 | 11.5 | 11.9 | 10.7 | 10.8 | 10.7 | 11.0 | 12.1 | 11.4 | 10.3 | 11.0 | 10.4 | 9.5 | 10.2 | 7.6 | 6.4 | 6.5 | 4.0 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Selling & Marketing | 8.5 | 7.1 | 6.9 | 6.3 | 6.5 | 5.4 | 5.0 | 5.0 | 5.5 | 5.0 | 5.0 | 5.6 | 5.0 | 4.6 | 4.4 | 4.5 | 3.9 | |||||
| General & Administrative | 5.4 | 6.4 | 4.9 | 4.5 | 4.3 | 4.1 | 4.3 | 4.8 | 4.3 | 4.6 | 4.4 | 4.5 | 4.4 | 4.2 | 4.0 | 4.1 | 4.0 | |||||
| Depreciation & Amortization | 1.3 | - | - | - | 0.8 | - | - | - | 0.8 | - | - | - | 0.6 | - | - | - | ||||||
| Amortization of Intangibles | 0.7 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | |||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Total Operating Expenses | 29.0 | 26.7 | 24.4 | 23.0 | 22.7 | 21.0 | 21.2 | 20.6 | 20.6 | 20.3 | 20.4 | 22.2 | 20.8 | 19.2 | 19.4 | 19.0 | ||||||
| Operating Income | ||||||||||||||||||||||
| Operating Income | (9.3) | (8.5) | (8.7) | (8.2) | (7.7) | (7.1) | (7.9) | (7.4) | (9.1) | (9.2) | (8.5) | (8.7) | (8.8) | (9.1) | (7.8) | (5.4) | (6.6) | (7.3) | (4.5) | (3.5) | (6.4) | (2.6) |
| Non-Operating | ||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.2) | ||||
| Income From Equity Investments | (3.0) | (0.7) | (0.5) | (0.8) | (0.8) | (0.6) | (0.6) | (0.7) | (0.8) | (0.9) | (0.9) | (0.7) | (0.8) | (0.3) | 0.0 | 0.0 | ||||||
| Other Non-Operating Income | 0.7 | 0.7 | 0.6 | 0.8 | 0.7 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.9 | 1.0 | 0.3 | 0.1 | (0.1) | |||||
| Pre-Tax Income | (11.7) | (9.8) | (8.1) | (7.5) | (7.9) | (9.0) | (7.2) | (6.6) | (8.3) | (11.8) | (7.6) | (7.9) | (7.9) | (8.4) | (7.4) | (5.3) | ||||||
| Tax & Net | ||||||||||||||||||||||
| Income Tax Expense | (3.7) | (0.0) | 0.4 | 0.8 | 0.3 | 1.2 | (0.1) | 1.0 | 0.4 | 1.2 | (0.4) | 0.6 | 0.3 | (1.1) | 0.2 | 0.4 | 0.1 | 0.4 | 0.3 | 0.2 | 0.2 | 1.2 |
| Net Income From Continuing Ops | (8.0) | (8.5) | (9.0) | (9.1) | (8.1) | (8.2) | (7.7) | (8.3) | (9.4) | (10.5) | (8.2) | (9.2) | (9.0) | (7.2) | (7.7) | (5.7) | (6.8) | |||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income | (8.0) | (8.5) | (9.0) | (9.1) | (8.1) | (8.2) | (7.7) | (8.3) | (9.4) | (10.5) | (8.2) | (9.2) | (9.0) | (7.2) | (7.7) | (5.7) | (6.8) | |||||
| Net Income Attributable To Parent | (8.0) | (8.5) | (9.0) | (9.1) | (8.1) | (8.2) | (7.7) | (8.3) | (9.4) | (10.5) | (8.2) | (9.2) | (9.0) | (7.2) | (7.7) | (5.7) | ||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income To Common Shareholders | (8.0) | (8.5) | (9.0) | (9.1) | (8.1) | (8.2) | (7.7) | (8.3) | (9.4) | (10.5) | (8.2) | (9.2) | (9.0) | (7.2) | (7.7) | |||||||
| Per Share | ||||||||||||||||||||||
| EPS Basic | (0.17) | - | (0.21) | (0.22) | (0.20) | - | (0.20) | (0.22) | (0.25) | - | (0.23) | (0.26) | (0.26) | - | (0.23) | (0.18) | (0.22) | - | (0.24) | (0.20) | (0.36) | (0.22) |
| EPS Diluted | (0.17) | - | (0.21) | (0.22) | (0.20) | - | (0.20) | (0.22) | (0.25) | - | (0.23) | (0.26) | (0.26) | - | (0.23) | (0.18) | (0.22) | - | ||||
| Shares Basic | 45.5 | - | 42.7 | 41.8 | 40.9 | - | 39.3 | 38.5 | 37.7 | - | 36.0 | 35.3 | 34.6 | - | 32.8 | 32.3 | 31.6 | - | ||||
| Shares Diluted | 45.5 | - | 42.7 | 41.8 | 40.9 | - | 39.3 | 38.5 | 37.7 | - | 36.0 | 35.3 | 34.6 | - | 32.8 | 32.3 | 31.6 | - | ||||
| Supplementary Data | ||||||||||||||||||||||
| EBITDA | (8.0) | - | - | - | (6.9) | - | - | - | (8.3) | - | - | - | (8.2) | - | - | - | (6.2) | - | - | - | (6.1) | - |
| EBIT | (9.3) | (8.5) | (8.7) | (8.2) | (7.7) | (7.1) | (7.9) | (7.4) | (9.1) | (9.2) | (8.5) | (8.7) | (8.8) | (9.1) | (7.8) | (5.4) | (6.6) | (7.3) | (4.5) | |||
| - |
| Selling & Marketing | 28.8 | 26.8 | 20.8 | 20.7 | 17.4 | 11.7 | 9.7 |
| General & Administrative | 21.2 | 20.1 | 17.6 | 17.9 | 16.4 | 13.4 | 7.3 |
| Depreciation & Amortization | - | 3.4 | 3.4 | 3.1 | 2.1 | 1.5 | 0.9 |
| Amortization of Intangibles | 1.4 | 0.9 | 0.8 | 0.8 | 0.5 | 0.5 | 0.1 |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 103.1 | 96.8 | 83.4 | 83.7 | 75.0 | 55.9 | 34.1 |
| Income From Equity Investments | (5.0) | (2.8) | (2.7) | (3.4) | (0.3) | 0.0 | - |
| Other Non-Operating Income | 2.8 | 2.9 | 3.4 | 3.6 | 1.4 | (0.5) | (0.1) |
| Pre-Tax Income | (37.1) | (33.3) | (31.1) | (35.2) | (27.8) | (22.3) | (2.2) |
| (3.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (34.6) | (34.7) | (33.6) | (36.9) | (27.4) | (23.4) | (3.3) |
| Net Income Attributable To Parent | (34.6) | (34.7) | (33.6) | (36.9) | (27.4) | (23.4) | (3.3) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (34.6) | (34.7) | (33.6) | (36.9) | (27.4) | (23.4) | (3.3) |
| Shares Basic | 45.5 | 42.3 | 38.9 | 35.7 | 32.6 | 22.0 | 17.6 |
| Shares Diluted | 45.5 | 42.3 | 38.9 | 35.7 | 32.6 | 22.0 | 17.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.8 |
| 3.2 |
| 2.3 |
| 2.4 |
| 2.2 |
| 3.6 |
| 1.7 |
| 4.8 |
| 3.3 |
| 2.6 |
| 0.4 |
| - |
| - |
| - |
| 0.4 |
| - |
| 0.2 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| 17.4 |
| 17.6 |
| 12.6 |
| 13.5 |
| 12.2 |
| 8.8 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| (0.2) |
| (0.2) |
| (0.1) |
| (0.0) |
| (6.7) |
| (7.4) |
| (4.7) |
| (3.7) |
| (6.6) |
| (2.6) |
| (7.8) |
| (5.0) |
| (3.9) |
| (6.7) |
| (3.8) |
| - |
| - |
| - |
| - |
| - |
| (7.8) |
| (5.0) |
| (3.9) |
| (6.7) |
| (3.8) |
| (6.8) |
| (7.8) |
| (5.0) |
| (3.9) |
| (6.7) |
| (3.8) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (5.7) |
| (6.8) |
| (7.8) |
| (5.0) |
| (3.9) |
| (6.7) |
| (3.8) |
| (0.24) |
| (0.20) |
| (0.36) |
| (0.22) |
| 20.6 |
| 19.9 |
| 18.8 |
| 17.6 |
| 20.6 |
| 19.9 |
| 18.8 |
| 17.6 |
| (3.5) |
| (6.4) |
| (2.6) |