| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | - | - | - | - | 0.0 | 0.0 | 1.2 | 4.8 | 2.1 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||
| Research & Development | 66.7 | 77.0 | 116.4 | 141.8 | 98.4 | 60.2 | 29.0 | 16.3 | 11.3 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | (91.2) | (104.0) | (142.5) | (170.3) | (127.4) | (83.6) | (43.7) | (19.2) | (13.7) |
| Non-Operating | |||||||||
| Interest Income | 3.7 | 4.0 | 9.4 | 10.6 | 4.3 | 0.1 | - | - | - |
| Interest Expense | 1.5 | 1.6 | 1.7 | 1.6 | 0.2 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | - | 0.0 | 0.0 | 0.0 | 0.1 | (0.0) | 0.2 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (88.9) | (101.7) | (134.9) | (160.8) | |||||
| Per Share | |||||||||
| EPS Basic | (0.85) | (1.90) | (2.58) | (3.74) | (3.03) | (2.07) | (2.76) | - | - |
| EPS Diluted | (0.85) | (1.90) | (2.58) | (3.74) | (3.03) | ||||
| Supplementary Data | |||||||||
| EBITDA | (90.5) | (103.3) | (141.6) | (169.4) | (127.1) | (83.5) | (43.5) | (18.8) | (13.3) |
| EBIT | (91.2) | (104.0) | (142.5) | (170.3) | (127.4) | ||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.5 |
| 0.7 |
| - |
| 1.3 |
| 1.3 |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 13.6 | 17.6 | 17.4 | 18.0 | 23.9 | 23.5 | 26.5 | 34.7 | 31.7 | 41.8 | 45.8 | 29.5 | 24.8 | 25.2 | 29.4 | 26.7 | 17.1 | 20.9 | 18.2 | 11.2 | 9.8 | 12.1 | 5.3 | 7.7 | 3.8 | - | 2.2 | 3.6 | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | 5.4 | 5.4 | 5.1 | 5.5 | 7.9 | 7.1 | 6.1 | 6.9 | 6.0 | 6.2 | 7.5 | 7.3 | 7.4 | 7.0 | 7.3 | 7.0 | 7.7 | ||||||||||||
| Depreciation & Amortization | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | |||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 19.0 | 23.0 | 22.5 | 26.6 | 31.8 | 30.6 | 32.6 | 41.5 | 37.8 | 48.0 | 53.3 | 36.8 | 32.2 | 32.2 | 36.7 | 33.8 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (19.0) | (23.0) | (22.5) | (26.6) | (31.8) | (30.6) | (32.6) | (41.5) | (37.8) | (48.0) | (53.3) | (36.8) | (32.2) | (32.2) | (36.7) | (33.8) | (24.7) | (28.5) | (24.6) | (16.3) | (14.2) | (17.8) | (9.8) | (10.8) | (5.2) | - | (3.0) | (4.2) | - |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | 1.2 | 0.6 | 0.8 | 1.1 | 1.5 | 1.9 | 2.3 | 2.6 | 2.6 | 3.0 | 2.7 | 2.7 | 2.3 | 1.8 | 1.4 | 0.9 | 0.2 | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | 0.0 | 0.0 | 0.0 | - | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | 0.2 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) | 0.3 | 0.1 | (0.0) | (0.0) | (0.0) | (0.0) | ||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.2 | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | (17.9) | (22.8) | (22.1) | (25.9) | (30.8) | (29.2) | (30.7) | (39.4) | (35.6) | (45.5) | (51.0) | (34.2) | (30.2) | (30.7) | (35.3) | (32.9) | (24.5) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (17.9) | (22.8) | (22.1) | (25.9) | (30.8) | (29.2) | (30.7) | (39.4) | (35.6) | (45.5) | (51.0) | (34.2) | (30.2) | (30.7) | (35.3) | (32.9) | (24.5) | ||||||||||||
| Net Income Attributable To Parent | (17.9) | (22.8) | (22.1) | (25.9) | (30.8) | (29.2) | (30.7) | (39.4) | (35.6) | (45.5) | (51.0) | (34.2) | (30.2) | (30.7) | (35.3) | (32.9) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (17.9) | (22.8) | (22.1) | (25.9) | (30.8) | (29.2) | (30.7) | (39.4) | (35.6) | (45.5) | (51.0) | (34.2) | (30.2) | (30.7) | (35.3) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (0.17) | - | (0.41) | (0.49) | (0.58) | - | (0.58) | (0.76) | (0.71) | - | (1.24) | (0.84) | (0.74) | - | (0.87) | (0.81) | (0.60) | - | (0.61) | (0.40) | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.17) | - | (0.41) | (0.49) | (0.58) | - | (0.58) | (0.76) | (0.71) | - | (1.24) | (0.84) | (0.74) | - | (0.87) | (0.81) | (0.60) | - | |||||||||||
| Shares Basic | 104.6 | - | 53.6 | 53.4 | 53.4 | - | 52.7 | 51.8 | 50.1 | - | 41.1 | 40.9 | 40.9 | - | 40.7 | 40.7 | 40.6 | - | |||||||||||
| Shares Diluted | 104.6 | - | 53.6 | 53.4 | 53.4 | - | 52.7 | 51.8 | 50.1 | - | 41.1 | 40.9 | 40.9 | - | 40.7 | 40.7 | 40.6 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (18.8) | (22.9) | (22.3) | (26.4) | (31.6) | (30.4) | (32.4) | (41.3) | (37.5) | (47.8) | (53.1) | (36.6) | (32.0) | (32.1) | (36.6) | (33.7) | (24.7) | (28.4) | (24.6) | (16.3) | (14.2) | (17.9) | (9.7) | (10.7) | (5.1) | - | (2.9) | (4.1) | - |
| EBIT | (19.0) | (23.0) | (22.5) | (26.6) | (31.8) | (30.6) | (32.6) | (41.5) | (37.8) | (48.0) | (53.3) | (36.8) | (32.2) | (32.2) | (36.7) | (33.8) | (24.7) | (28.5) | (24.6) | ||||||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | 21.3 | 23.9 | 26.1 | 28.5 | 29.0 | 23.4 | 14.8 | 3.3 | 2.6 |
| Depreciation & Amortization | 0.6 | 0.7 | 0.9 | 0.8 | 0.3 | 0.1 | 0.2 | 0.4 | 0.4 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 91.2 | 104.0 | 142.5 | 170.3 | 127.4 | 83.6 | 44.8 | 24.0 | 15.8 |
| 0.0 |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.2 | (0.0) | (0.0) | 0.4 | (0.0) | (0.0) | (1.3) | (0.0) | - |
| Pre-Tax Income | - | (101.7) | (134.9) | (160.8) | (123.4) | (83.5) | (45.5) | (19.2) | (13.7) |
| (123.5) |
| (83.5) |
| (45.7) |
| (19.2) |
| (13.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (88.9) | (101.7) | (134.9) | (160.8) | (123.5) | (83.5) | (45.7) | (19.2) | (13.7) |
| Net Income Attributable To Parent | (88.9) | (101.7) | (134.9) | (160.8) | (123.5) | (83.5) | (45.7) | (19.2) | (13.7) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | 5.2 | 4.0 | 3.7 |
| Net Income To Common Shareholders | (88.9) | (101.7) | (134.9) | (160.8) | (123.5) | (83.5) | (50.9) | (23.3) | (17.4) |
| (2.07) |
| (2.76) |
| - |
| - |
| Shares Basic | 104.6 | 53.7 | 52.2 | 43.0 | 40.7 | 40.3 | 18.5 | 3.1 | 2.8 |
| Shares Diluted | 104.6 | 53.7 | 52.2 | 43.0 | 40.7 | 40.3 | 18.5 | - | - |
| (83.6) |
| (43.7) |
| (19.2) |
| (13.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.6 |
| 6.4 |
| 5.1 |
| 4.4 |
| 5.7 |
| 4.5 |
| 3.2 |
| 1.5 |
| - |
| 0.9 |
| 0.7 |
| - |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| (0.1) |
| 0.1 |
| 0.1 |
| 0.1 |
| - |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 24.7 |
| 28.5 |
| 24.6 |
| 16.3 |
| 14.2 |
| 17.8 |
| 9.8 |
| 11.3 |
| 5.9 |
| - |
| 4.3 |
| 5.5 |
| - |
| - |
| - |
| - |
| - |
| 0.3 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| (0.0) |
| 0.0 |
| (0.0) |
| (0.9) |
| (0.1) |
| (0.3) |
| 0.0 |
| - |
| - |
| - |
| - |
| (28.5) |
| (24.6) |
| (16.3) |
| (14.2) |
| (18.6) |
| (10.1) |
| (11.3) |
| (5.5) |
| - |
| (3.0) |
| (4.2) |
| - |
| (28.4) |
| (24.6) |
| (16.3) |
| (14.2) |
| (18.8) |
| (10.2) |
| (11.3) |
| (5.5) |
| (7.8) |
| (3.0) |
| (4.2) |
| (4.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.4) |
| (24.6) |
| (16.3) |
| (14.2) |
| (18.8) |
| (10.2) |
| (11.3) |
| (5.5) |
| (7.8) |
| (3.0) |
| (4.2) |
| (4.2) |
| (24.5) |
| (28.4) |
| (24.6) |
| (16.3) |
| (14.2) |
| (18.8) |
| (10.2) |
| (11.3) |
| (5.5) |
| (7.8) |
| (3.0) |
| (4.2) |
| (4.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.6 |
| 2.6 |
| 2.0 |
| - |
| 1.1 |
| 1.0 |
| - |
| (32.9) |
| (24.5) |
| (28.4) |
| (24.6) |
| (16.3) |
| (14.2) |
| (18.8) |
| (10.8) |
| (14.0) |
| (7.4) |
| (9.7) |
| (4.1) |
| (5.2) |
| (4.2) |
| (0.61) |
| (0.40) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 40.4 |
| 40.2 |
| 40.1 |
| - |
| 29.7 |
| 3.2 |
| 3.1 |
| - |
| 3.1 |
| 3.1 |
| - |
| 40.4 |
| 40.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (16.3) |
| (14.2) |
| (17.8) |
| (9.8) |
| (10.8) |
| (5.2) |
| - |
| (3.0) |
| (4.2) |
| - |