| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||
| Revenues | 1.0 | 6.2 | 3.3 | 7.9 | 3.7 | 54.2 | 15.3 | 15.1 | 15.9 | 15.2 | 9.1 | 56.2 | 16.5 | 14.4 | 14.9 | 79.9 | |||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 18.4 | 21.0 | 100.6 | 97.1 | 133.6 | 207.1 | 21.1 | 21.2 | 27.7 | 3.7 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 107.3 | 123.1 | 185.9 | 192.1 | 210.4 | 189.4 | 156.9 | 100.5 | 73.0 | 29.9 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (136.2) | (156.0) | (145.0) | (151.7) | (137.8) | (37.4) | (195.2) | (114.4) | (57.3) | (32.7) |
| Non-Operating | ||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | 0.2 | 0.2 | 0.1 | 5.2 | 3.3 | 0.0 | 0.0 | 0.0 | - | - |
| Net Income From Continuing Ops | (125.4) | (142.9) | (119.0) | |||||||
| Per Share | ||||||||||
| EPS Basic | (1.13) | (1.39) | (1.23) | (1.56) | (1.62) | (0.45) | (2.45) | - | - | - |
| EPS Diluted | (1.13) | (1.39) | (1.23) | (1.56) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | - | (150.3) | (139.6) | (146.0) | (132.1) | (31.0) | (189.3) | (110.6) | (56.3) | (32.0) |
| EBIT | (136.2) | (156.0) | (145.0) | (151.7) | ||||||
| 24.5 |
| 14.0 |
| 182.4 |
| 6.6 |
| 4.1 |
| 4.9 |
| 5.9 |
| 3.2 |
| 7.2 |
| 6.0 |
| 2.7 |
| 6.9 |
| 5.6 |
| 9.1 |
| 6.5 |
| 7.1 |
| 4.9 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Research & Development | 17.9 | 32.5 | 29.4 | 27.6 | 33.6 | 46.5 | 48.0 | 46.3 | 45.2 | 47.7 | 46.3 | 46.2 | 51.9 | 54.5 | 48.3 | 54.5 | 53.0 | 52.8 | 43.1 | 47.8 | 45.7 | 44.4 | 43.8 | 34.1 | 34.6 | 25.8 | 28.5 | 25.6 | 20.6 | 24.1 | 20.4 | 16.8 | 11.7 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| General & Administrative | 8.1 | 13.3 | 11.5 | 14.4 | 14.7 | 15.0 | 15.8 | 14.4 | 14.4 | 14.9 | 13.4 | 13.6 | 14.8 | 15.4 | 14.3 | 15.8 | 15.6 | ||||||||||||||||
| Depreciation & Amortization | 1.1 | - | - | - | 1.0 | - | - | - | 1.4 | - | - | - | 1.4 | - | - | - | |||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Total Operating Expenses | 26.0 | 45.8 | 40.9 | 42.0 | 48.4 | 61.5 | 63.8 | 60.7 | 59.6 | 62.6 | 59.7 | 59.8 | 66.7 | 69.9 | 62.6 | 70.4 | |||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | (24.9) | (39.6) | (37.6) | (34.1) | (44.7) | (7.2) | (48.4) | (45.6) | (43.7) | (47.5) | (50.6) | (3.6) | (50.1) | (55.4) | (47.7) | 9.5 | (44.1) | (55.7) | 126.3 | (55.3) | (52.6) | (52.8) | (53.7) | (46.6) | (42.1) | (32.3) | (34.1) | (27.2) | (20.8) | (19.0) | (16.8) | (12.2) | (9.2) |
| Non-Operating | |||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Other Non-Operating Income | 2.0 | 2.5 | 2.9 | 3.6 | 4.2 | 5.2 | 6.2 | 7.0 | 7.6 | 7.7 | 7.4 | 6.4 | 5.2 | 3.7 | 2.3 | 1.5 | 0.3 | ||||||||||||||||
| Pre-Tax Income | (22.9) | (37.1) | (34.7) | (30.5) | (40.5) | (2.0) | (42.2) | (38.6) | (36.1) | - | - | - | - | - | - | - | - | ||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 1.7 | 1.3 | 1.4 | 0.9 | 0.7 | 0.7 | 1.0 | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (22.9) | (37.3) | (34.7) | (30.5) | (40.5) | (2.1) | (42.2) | (38.7) | (36.1) | (41.4) | (44.5) | 1.4 | (45.9) | (52.4) | (46.1) | 9.9 | (44.6) | ||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Net Income | (22.9) | (37.3) | (34.7) | (30.5) | (40.5) | (2.1) | (42.2) | (38.7) | (36.1) | (41.4) | (44.5) | 1.4 | (45.9) | (52.4) | (46.1) | 9.9 | (44.6) | ||||||||||||||||
| Net Income Attributable To Parent | (22.9) | (37.3) | (34.7) | (30.5) | (40.5) | (2.1) | (42.2) | (38.7) | (36.1) | (41.4) | (44.5) | 1.4 | (45.9) | (52.4) | (46.1) | 9.9 | |||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Net Income To Common Shareholders | (22.9) | (37.3) | (34.7) | (30.5) | (40.5) | (2.1) | (42.2) | (38.7) | (36.1) | (41.4) | (44.5) | 1.4 | (45.9) | (52.4) | (46.1) | ||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||
| EPS Basic | (0.21) | - | (0.34) | (0.30) | (0.41) | - | (0.43) | (0.40) | (0.38) | - | (0.53) | 0.02 | (0.55) | - | (0.56) | 0.12 | (0.54) | - | 1.56 | (0.69) | - | - | (0.67) | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.21) | - | (0.34) | (0.30) | (0.41) | - | (0.43) | (0.40) | (0.38) | - | (0.53) | 0.02 | (0.55) | - | (0.56) | 0.12 | (0.54) | - | |||||||||||||||
| Shares Basic | 110.6 | - | 102.6 | 100.4 | 99.4 | - | 97.5 | 96.7 | 93.8 | - | 83.9 | 83.5 | 83.1 | - | 82.6 | 82.4 | 82.1 | - | |||||||||||||||
| Shares Diluted | 110.6 | - | 102.6 | 100.4 | 99.4 | - | 97.5 | 96.7 | 93.8 | - | 83.9 | 83.6 | 83.1 | - | 82.6 | 82.6 | 82.1 | - | |||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||
| EBITDA | (23.8) | - | - | - | (43.7) | - | - | - | (42.3) | - | - | - | (48.8) | - | - | - | (42.5) | - | - | - | (51.1) | - | - | - | (40.6) | - | - | - | (20.5) | - | - | - | (9.0) |
| EBIT | (24.9) | (39.6) | (37.6) | (34.1) | (44.7) | (7.2) | (48.4) | (45.6) | (43.7) | (47.5) | (50.6) | (3.6) | (50.1) | (55.4) | (47.7) | 9.5 | (44.1) | (55.7) | 126.3 | ||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 47.4 | 54.0 | 59.6 | 56.7 | 61.0 | 55.0 | 59.4 | 35.1 | 11.9 | 6.5 |
| Depreciation & Amortization | - | 5.7 | 5.4 | 5.7 | 5.7 | 6.3 | 5.9 | 3.8 | 1.0 | 0.7 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 154.6 | 177.1 | 245.6 | 248.8 | 271.5 | 244.4 | 216.3 | 135.6 | 85.0 | 36.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 11.0 | 13.2 | 26.1 | 26.6 | 7.8 | 1.0 | 4.9 | 9.0 | 5.0 | 0.2 |
| Pre-Tax Income | (125.2) | (142.8) | (118.9) | (125.1) | (130.1) | - | - | - | - | - |
| (130.4) |
| (133.3) |
| (36.3) |
| (190.2) |
| (105.4) |
| (52.2) |
| (32.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (125.4) | (142.9) | (119.0) | (130.4) | (133.3) | (36.3) | (190.2) | (105.4) | (52.2) | (32.5) |
| Net Income Attributable To Parent | (125.4) | (142.9) | (119.0) | (130.4) | (133.3) | (36.3) | (190.2) | (105.4) | (52.2) | (32.5) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (125.4) | (142.9) | (119.0) | (130.4) | (133.3) | (36.3) | (190.2) | (105.4) | (52.2) | (32.5) |
| (1.62) |
| (0.45) |
| (2.45) |
| - |
| - |
| - |
| Shares Basic | 110.6 | 103.0 | 96.6 | 83.7 | 82.5 | 80.4 | 77.8 | - | - | - |
| Shares Diluted | 110.6 | 103.0 | 96.6 | 83.7 | 82.5 | 80.4 | 77.8 | - | - | - |
| (137.8) |
| (37.4) |
| (195.2) |
| (114.4) |
| (57.3) |
| (32.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.9 |
| 13.0 |
| 14.1 |
| 11.0 |
| 13.2 |
| 15.8 |
| 15.7 |
| 14.6 |
| 12.6 |
| 8.3 |
| 8.4 |
| 5.8 |
| 4.1 |
| 2.9 |
| 2.5 |
| 2.4 |
| 1.6 |
| - |
| - |
| - |
| 1.5 |
| - |
| - |
| - |
| 1.4 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 68.6 |
| 69.7 |
| 56.1 |
| 61.9 |
| 56.7 |
| 57.6 |
| 59.7 |
| 49.8 |
| 49.2 |
| 38.3 |
| 36.8 |
| 34.1 |
| 26.4 |
| 28.2 |
| 23.3 |
| 19.3 |
| 14.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.3 |
| 0.2 |
| 0.5 |
| 0.6 |
| 1.0 |
| 1.3 |
| 2.1 |
| 1.8 |
| 2.4 |
| 2.6 |
| 2.2 |
| 1.6 |
| 1.5 |
| 1.1 |
| 0.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (55.6) |
| 126.6 |
| (55.1) |
| (52.2) |
| (52.2) |
| (52.7) |
| (45.3) |
| (40.0) |
| (30.5) |
| (31.7) |
| (24.6) |
| (18.6) |
| (17.4) |
| (15.3) |
| (11.1) |
| (8.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (55.6) |
| 126.6 |
| (55.1) |
| (52.2) |
| (52.2) |
| (52.7) |
| (45.3) |
| (40.0) |
| (30.5) |
| (31.7) |
| (24.6) |
| (18.6) |
| (17.4) |
| (15.3) |
| (11.1) |
| (8.4) |
| (44.6) |
| (55.6) |
| 126.6 |
| (55.1) |
| (52.2) |
| (52.2) |
| (52.7) |
| (45.3) |
| (40.0) |
| (30.5) |
| (31.7) |
| (24.6) |
| (18.6) |
| (17.4) |
| (15.3) |
| (11.1) |
| (8.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 9.9 |
| (44.6) |
| (55.6) |
| 126.6 |
| (55.1) |
| (52.2) |
| (52.2) |
| (52.7) |
| (45.3) |
| (40.0) |
| (30.5) |
| (31.7) |
| (24.6) |
| (18.6) |
| (17.4) |
| (15.3) |
| (11.1) |
| (8.4) |
| 1.49 |
| (0.69) |
| - |
| - |
| (0.67) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 81.0 |
| 79.8 |
| - |
| - |
| 78.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 85.2 |
| 79.8 |
| - |
| - |
| 78.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (55.3) |
| (52.6) |
| (52.8) |
| (53.7) |
| (46.6) |
| (42.1) |
| (32.3) |
| (34.1) |
| (27.2) |
| (20.8) |
| (19.0) |
| (16.8) |
| (12.2) |
| (9.2) |