| (in millions of USD, except per-share data) | 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 | 120.8 | 113.0 | 112.1 | 97.8 | 89.7 | 85.9 | 82.2 | 76.1 | 71.4 | 67.7 | 65.8 | 60.0 | 55.5 | 53.4 | 50.5 | 44.8 | ||||||||
| (in millions of USD, except per-share data) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 443.6 | 333.8 | 264.8 | 204.3 | 152.2 | 112.1 | 73.5 |
| Cost of Revenue | 187.0 | 137.2 | 120.7 | 95.9 | 68.4 | 53.0 | 43.1 |
| Gross Profit | 256.6 | 196.6 | 144.1 | 108.3 | 83.8 | 59.2 | 30.4 |
| Operating Expenses | |||||||
| Research & Development | 118.4 | 96.2 | 84.7 | 69.3 | 48.8 | 40.2 | 32.7 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (53.6) | (44.6) | (63.7) | (57.7) | (42.9) | (35.1) | (42.5) |
| Non-Operating | |||||||
| Interest Income | 4.2 | 4.6 | 8.1 | 2.7 | 0.5 | 0.1 | 0.3 |
| Interest Expense | 9.5 | 0.5 | 7.4 | 3.9 | 1.2 | 0.5 | 0.1 |
| Tax & Net | |||||||
| Income Tax Expense | (11.3) | 0.3 | 0.0 | (0.5) | 0.2 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (47.7) | (40.8) | (62.9) | (58.6) | (46.8) | (51.4) | |
| Per Share | |||||||
| EPS Basic | (0.46) | (0.41) | (0.67) | (0.64) | (0.73) | (11.78) | (9.91) |
| EPS Diluted | (0.46) | (0.41) | (0.67) | (0.64) | (0.73) | (11.78) | (9.91) |
| Supplementary Data | |||||||
| EBITDA | (26.7) | (34.1) | (53.1) | (49.6) | (39.5) | (32.3) | (40.3) |
| EBIT | (53.6) | (44.6) | (63.7) | (57.7) | (42.9) | (35.1) | (42.5) |
| 42.4 |
| 39.8 |
| 36.7 |
| 33.3 |
| 33.3 |
| 28.9 |
| 26.7 |
| 23.2 |
| Cost of Revenue | 51.7 | 48.8 | 46.4 | 40.1 | 36.4 | 35.3 | 33.4 | 32.1 | 31.4 | 31.2 | 30.3 | 27.9 | 26.9 | 25.8 | 23.3 | 20.0 | 19.3 | 17.4 | 16.2 | 15.5 | 14.1 | 13.8 | 13.2 | 11.9 |
| Gross Profit | 69.1 | 64.1 | 65.6 | 57.8 | 53.2 | 50.6 | 48.8 | 44.0 | 39.9 | 36.6 | 35.5 | 32.1 | 28.7 | 27.6 | 27.3 | 24.8 | 23.1 | 22.4 | 20.5 | 17.8 | 19.3 | 15.2 | 13.4 | 11.3 |
| Operating Expenses | ||||||||||||||||||||||||
| Research & Development | 31.2 | 30.1 | 30.2 | 26.9 | 25.3 | 24.1 | 23.9 | 22.8 | 21.5 | 21.8 | 20.9 | 20.5 | 20.4 | 18.2 | 16.6 | 14.2 | 12.9 | 12.9 | 12.1 | 10.9 | 10.8 | 9.9 | 9.8 | 9.7 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Selling & Marketing | 19.9 | 19.3 | 23.0 | 17.9 | 14.6 | 14.4 | 17.0 | 13.8 | 11.9 | 11.9 | 13.9 | 10.9 | 9.0 | 9.7 | 10.2 | 7.9 | 6.2 | |||||||
| General & Administrative | 25.4 | 25.6 | 26.0 | 23.8 | 21.6 | 22.1 | 20.6 | 19.3 | 19.3 | 18.3 | 18.2 | 17.1 | 17.1 | 18.3 | 18.7 | 17.0 | 15.4 | |||||||
| Depreciation & Amortization | 21.1 | 1.3 | 1.1 | 3.4 | 6.0 | 1.0 | 0.9 | 2.6 | 5.2 | 1.0 | 1.8 | 2.6 | 5.7 | 0.8 | 0.6 | 1.0 | ||||||||
| Amortization of Intangibles | 6.6 | 6.7 | 6.6 | 2.4 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.8 | 1.7 | 1.2 | 0.4 | 0.5 | |||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Total Operating Expenses | 78.6 | 77.0 | 81.5 | 73.2 | 61.8 | 61.0 | 62.0 | 56.4 | 53.0 | 52.3 | 53.3 | 49.1 | 34.2 | 47.4 | 46.7 | 37.8 | ||||||||
| Operating Income | ||||||||||||||||||||||||
| Operating Income | (9.5) | (12.9) | (15.9) | (15.4) | (8.6) | (10.4) | (13.2) | (12.4) | (13.1) | (15.8) | (17.9) | (16.9) | (5.5) | (19.8) | (19.4) | (13.0) | (13.0) | (11.1) | (9.8) | (8.9) | (11.2) | (6.6) | (7.1) | (10.2) |
| Non-Operating | ||||||||||||||||||||||||
| Interest Income | 0.9 | 1.0 | 1.2 | 1.1 | 1.1 | 1.1 | 1.3 | 1.1 | 2.3 | 2.1 | 2.0 | 1.7 | 1.3 | 0.9 | 0.4 | 0.1 | 0.1 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 2.5 | 3.0 | 3.2 | 0.8 | 0.1 | 0.2 | 0.1 | 0.1 | 1.9 | 1.9 | 1.8 | 1.8 | 1.5 | 1.2 | 0.9 | 0.3 | 0.3 | 0.3 | ||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Pre-Tax Income | (11.1) | (14.8) | (17.9) | (15.1) | (7.7) | (9.5) | (12.1) | (11.2) | (13.0) | (15.4) | (17.7) | (16.8) | (5.5) | (20.2) | (20.1) | (13.3) | ||||||||
| Tax & Net | ||||||||||||||||||||||||
| Income Tax Expense | 0.3 | (0.0) | (4.3) | (7.3) | (0.0) | (0.0) | 0.2 | 0.2 | (0.3) | 0.0 | 0.1 | 0.2 | (0.5) | (0.2) | 0.2 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (11.4) | (14.8) | (13.6) | (7.8) | (7.6) | (9.4) | (12.3) | (11.4) | (12.7) | (15.5) | (17.8) | (17.0) | (4.9) | (20.0) | (20.2) | (13.4) | (13.3) | |||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Net Income | (11.4) | (14.8) | (13.6) | (7.8) | (7.6) | (9.4) | (12.3) | (11.4) | (12.7) | (15.5) | (17.8) | (17.0) | (4.9) | (20.0) | (20.2) | (13.4) | (13.3) | |||||||
| Net Income Attributable To Parent | (11.4) | (14.8) | (13.6) | (7.8) | (7.6) | (9.4) | (12.3) | (11.4) | (12.7) | (15.5) | (17.8) | (17.0) | (4.9) | (20.0) | (20.2) | (13.4) | ||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||
| Net Income To Common Shareholders | (11.4) | (14.8) | (13.6) | (7.8) | (7.6) | (9.4) | (12.3) | (11.4) | (12.7) | (15.5) | (17.8) | (17.0) | (4.9) | (20.0) | (20.2) | |||||||||
| Per Share | ||||||||||||||||||||||||
| EPS Basic | - | (0.14) | (0.13) | (0.08) | - | (0.09) | (0.13) | (0.12) | - | (0.16) | (0.19) | (0.18) | - | (0.22) | (0.22) | (0.15) | - | (0.13) | (0.15) | (2.00) | - | (5.34) | (1.63) | (2.31) |
| EPS Diluted | - | (0.14) | (0.13) | (0.08) | - | (0.09) | (0.13) | (0.12) | - | (0.16) | (0.19) | (0.18) | - | (0.22) | (0.22) | (0.15) | - | (0.13) | ||||||
| Shares Basic | - | 104.3 | 103.4 | 102.4 | - | 99.4 | 98.1 | 96.9 | - | 94.7 | 93.3 | 92.4 | - | 91.2 | 90.7 | 90.2 | - | 87.6 | ||||||
| Shares Diluted | - | 104.3 | 103.4 | 102.4 | - | 99.4 | 98.1 | 96.9 | - | 94.7 | 93.3 | 92.4 | - | 91.2 | 90.7 | 90.2 | - | 87.6 | ||||||
| Supplementary Data | ||||||||||||||||||||||||
| EBITDA | 11.6 | (11.6) | (14.8) | (12.0) | (2.6) | (9.4) | (12.3) | (9.8) | (7.9) | (14.8) | (16.1) | (14.4) | 0.2 | (19.0) | (18.8) | (12.0) | (11.6) | (10.5) | (9.2) | (8.2) | (10.5) | (5.9) | (6.4) | (9.5) |
| EBIT | (9.5) | (12.9) | (15.9) | (15.4) | (8.6) | (10.4) | (13.2) | (12.4) | (13.1) | (15.8) | (17.9) | (16.9) | (5.5) | (19.8) | (19.4) | (13.0) | (13.0) | (11.1) | (9.8) | |||||
| - |
| Selling & Marketing | 80.1 | 59.8 | 48.6 | 36.8 | 24.2 | 16.7 | 15.3 |
| General & Administrative | 100.9 | 83.7 | 72.9 | 71.2 | 50.4 | 36.4 | 24.9 |
| Depreciation & Amortization | 26.9 | 10.5 | 10.6 | 8.1 | 3.4 | 2.8 | 2.2 |
| Amortization of Intangibles | 22.3 | 6.8 | 6.8 | 5.1 | 1.1 | 0.2 | 0.0 |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 310.2 | 241.3 | 207.8 | 166.0 | 126.7 | 94.3 | 73.0 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - | - | - |
| Pre-Tax Income | (59.0) | (40.5) | (62.9) | (59.1) | (46.7) | (51.4) | - |
| (41.9) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (47.7) | (40.8) | (62.9) | (58.6) | (46.8) | (51.4) | (41.9) |
| Net Income Attributable To Parent | (47.7) | (40.8) | (62.9) | (58.6) | (46.8) | (51.4) | (41.9) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | 0.0 | 0.0 | 0.3 | 5.3 | 1.2 |
| Net Income To Common Shareholders | (47.7) | (40.8) | (62.9) | (58.6) | (47.1) | (56.6) | (43.1) |
| Shares Basic | 103.9 | 98.9 | 94.1 | 91.0 | 64.5 | 4.8 | 4.3 |
| Shares Diluted | 103.9 | 98.9 | 94.1 | 91.0 | 64.5 | 4.8 | 4.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.2 |
| 5.3 |
| 5.4 |
| 4.1 |
| 4.0 |
| 3.9 |
| 4.6 |
| 12.4 |
| 12.2 |
| 10.4 |
| 14.6 |
| 7.9 |
| 6.9 |
| 7.2 |
| 1.5 |
| 0.6 |
| 0.6 |
| 0.8 |
| 0.7 |
| 0.7 |
| 0.7 |
| 0.7 |
| 0.2 |
| 0.2 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.2 |
| 33.5 |
| 30.3 |
| 26.7 |
| 30.5 |
| 21.8 |
| 20.5 |
| 21.5 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.0 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (13.2) |
| (11.2) |
| (11.4) |
| (10.9) |
| (12.5) |
| (21.3) |
| (7.3) |
| (10.3) |
| (11.2) |
| (11.4) |
| (10.9) |
| (12.5) |
| (21.3) |
| (7.3) |
| (10.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (11.2) |
| (11.4) |
| (10.9) |
| (12.5) |
| (21.3) |
| (7.3) |
| (10.3) |
| (13.3) |
| (11.2) |
| (11.4) |
| (10.9) |
| (12.5) |
| (21.3) |
| (7.3) |
| (10.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.3 |
| 0.3 |
| 4.5 |
| 0.3 |
| 0.3 |
| (13.4) |
| (13.3) |
| (11.2) |
| (11.4) |
| (11.2) |
| (12.8) |
| (25.8) |
| (7.5) |
| (10.5) |
| (0.15) |
| (2.00) |
| - |
| (5.34) |
| (1.63) |
| (2.31) |
| 74.8 |
| 5.6 |
| - |
| 4.8 |
| 4.6 |
| 4.6 |
| 74.8 |
| 5.6 |
| - |
| 4.8 |
| 4.6 |
| 4.6 |
| (8.9) |
| (11.2) |
| (6.6) |
| (7.1) |
| (10.2) |