| (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 | 25.6 | 108.2 | 76.3 | 22.3 | 27.8 | 43.1 | 30.0 | 11.0 | 7.2 | 9.0 | 3.3 | 3.5 | 1.4 | 6.8 | 1.3 | 1.2 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||
| Revenues | 232.4 | 234.6 | 91.3 | 17.2 | 10.3 | 63.2 | 75.0 | 8.0 | 5.0 | 10.0 | 16.7 | 17.6 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||
| Research & Development | - | - | - | - | 88.8 | 98.5 | 80.0 | 99.3 | 56.2 | 29.4 | 15.4 | 17.3 |
| Selling General & Administrative | - | |||||||||||
| Operating Income | ||||||||||||
| Operating Income | 40.8 | 47.9 | (114.9) | (164.4) | (115.2) | (56.8) | (23.9) | (107.4) | (66.7) | (28.8) | (3.0) | (3.3) |
| Non-Operating | ||||||||||||
| Interest Income | 11.7 | 13.5 | 19.8 | 18.9 | 7.6 | 0.4 | 4.0 | 11.0 | 6.7 | 1.6 | 0.1 | 0.0 |
| Interest Expense | - | - | ||||||||||
| Tax & Net | ||||||||||||
| Income Tax Expense | 0.2 | 0.2 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | (0.2) | (0.2) | 0.0 | 0.0 | 0.1 |
| Net Income From Continuing Ops | (26.8) | |||||||||||
| Per Share | ||||||||||||
| EPS Basic | (0.93) | (0.46) | (5.12) | (6.08) | (4.57) | (2.11) | (0.73) | (3.60) | (2.50) | (1.52) | (1.62) | - |
| EPS Diluted | (0.93) | (0.46) | ||||||||||
| Supplementary Data | ||||||||||||
| EBITDA | - | 48.5 | (114.3) | (163.8) | (114.5) | (56.2) | (23.3) | (106.9) | (66.4) | (28.6) | (2.8) | (3.0) |
| EBIT | 40.8 | 47.9 | ||||||||||
| 1.0 |
| 1.0 |
| 20.9 |
| 30.0 |
| 11.2 |
| 60.0 |
| 0.0 |
| 0.0 |
| 15.0 |
| 3.0 |
| 0.0 |
| 5.0 |
| 0.0 |
| 0.0 |
| 5.0 |
| 0.0 |
| 0.0 |
| 3.0 |
| 0.0 |
| 7.0 |
| 0.0 |
| 2.8 |
| 3.2 |
| 5.9 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | - | - | 31.4 | 37.8 | 41.2 | - | 42.2 | 42.0 | 37.0 | - | 30.9 | 32.9 | 35.0 | 23.4 | 22.1 | 20.8 | 22.5 | 26.8 | 22.2 | 25.3 | 24.2 | 21.6 | 19.5 | 17.9 | 21.0 | 21.4 | 29.9 | 27.4 | 20.6 | 15.9 | 17.9 | 10.6 | 11.8 | 7.6 | 6.7 | 7.2 | 7.9 | 5.0 | 3.3 | 2.3 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 26.2 | 15.8 | 10.2 | 10.6 | 14.1 | 10.2 | 10.6 | 9.3 | 12.3 | 10.3 | 10.2 | 10.7 | 10.8 | 9.4 | 8.9 | 8.2 | 10.2 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.1 | - | - | - | 0.1 | - | - | - | 0.2 | - | - | - | 0.2 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 60.2 | 41.3 | 41.6 | 48.4 | 55.3 | 52.8 | 52.8 | 51.3 | 49.4 | 51.1 | 41.1 | 43.6 | 45.8 | 32.8 | 30.9 | 29.0 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (34.6) | 66.9 | 34.7 | (26.2) | (27.5) | (9.7) | (22.8) | (40.3) | (42.2) | (42.1) | (37.7) | (40.1) | (44.4) | (26.0) | (29.6) | (27.8) | (31.7) | (31.2) | (6.8) | (0.5) | (18.4) | 33.3 | (24.3) | (22.6) | (10.3) | (22.3) | (33.7) | (26.7) | (24.8) | (19.7) | (16.9) | (14.4) | (15.8) | (7.2) | (9.1) | (2.6) | (10.0) | (3.2) | (1.1) | 2.4 |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 2.7 | 2.5 | 2.9 | 3.7 | 4.4 | 5.3 | 5.3 | 4.6 | 4.6 | 4.9 | 4.9 | 4.7 | 4.5 | 3.8 | 2.3 | 1.1 | 0.3 | 0.1 | 0.1 | 0.1 | 0.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | (18.2) | (17.2) | (19.6) | (12.4) | (11.7) | (12.1) | (10.1) | (6.3) | (1.7) | (0.1) | 0.4 | 0.3 | 0.1 | (0.4) | (3.9) | (4.8) | (4.5) | |||||||||||||||||||||||
| Pre-Tax Income | (52.8) | 49.7 | 15.1 | (38.6) | (39.3) | (21.8) | (32.9) | (46.7) | (43.9) | - | (37.3) | (39.8) | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.1 | 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) | (0.1) | (0.1) | (0.0) | (0.2) | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (52.9) | 49.6 | 15.1 | (38.6) | (39.3) | (21.8) | (32.9) | (46.7) | (43.9) | (42.2) | (37.3) | (39.8) | (44.3) | (26.4) | (33.5) | (32.6) | (36.3) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (52.9) | 49.6 | 15.1 | (38.6) | (39.3) | (21.8) | (32.9) | (46.7) | (43.9) | (42.2) | (37.3) | (39.8) | (44.3) | (26.4) | (33.5) | (32.6) | (36.3) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (52.9) | 49.6 | 15.1 | (38.6) | (39.3) | (21.8) | (32.9) | (46.7) | (43.9) | (42.2) | (37.3) | (39.8) | (44.3) | (26.4) | (33.5) | (32.6) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (52.9) | 49.6 | 15.1 | (38.6) | (39.3) | (21.8) | (32.9) | (46.7) | (43.9) | (42.2) | (37.3) | (39.8) | (44.3) | (26.4) | (33.5) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (1.84) | - | 0.54 | (1.34) | (1.28) | - | (1.14) | (1.71) | (1.64) | - | (1.41) | (1.50) | (1.58) | - | (1.18) | (1.15) | (1.31) | - | (0.24) | (0.02) | (0.66) | - | (0.87) | (0.79) | - | - | - | - | - | - | - | - | - | - | (0.45) | (0.13) | - | - | (0.42) | 0.07 |
| EPS Diluted | (1.84) | - | 0.52 | (1.34) | (1.28) | - | (1.14) | (1.71) | (1.64) | - | (1.41) | (1.50) | (1.58) | - | (1.18) | (1.15) | (1.31) | - | ||||||||||||||||||||||
| Shares Basic | 28.7 | - | 27.8 | 28.8 | 30.6 | - | 28.9 | 27.4 | 26.8 | - | 26.5 | 26.6 | 28.0 | - | 28.3 | 28.2 | 27.7 | - | ||||||||||||||||||||||
| Shares Diluted | 28.7 | - | 29.0 | 28.8 | 30.6 | - | 28.9 | 27.4 | 26.8 | - | 26.5 | 26.6 | 28.0 | - | 28.3 | 28.2 | 27.7 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (34.5) | - | - | - | (27.4) | - | - | - | (42.0) | - | - | - | (44.2) | - | - | - | (31.6) | - | - | - | (18.2) | - | - | - | (10.1) | - | - | - | (24.7) | - | - | - | (15.7) | - | - | - | (9.9) | - | - | - |
| EBIT | (34.6) | 66.9 | 34.7 | (26.2) | (27.5) | (9.7) | (22.8) | (40.3) | (42.2) | (42.1) | (37.7) | (40.1) | (44.4) | (26.0) | (29.6) | (27.8) | (31.7) | (31.2) | (6.8) | |||||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 62.8 | 50.7 | 42.4 | 41.9 | 36.6 | 21.5 | 18.9 | 16.1 | 15.5 | 9.3 | 4.3 | 3.6 |
| Depreciation & Amortization | - | 0.6 | 0.6 | 0.7 | 0.7 | 0.6 | 0.6 | 0.5 | 0.3 | 0.2 | 0.2 | 0.3 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 191.6 | 186.7 | 206.2 | 181.6 | 125.4 | 120.0 | 98.9 | 115.4 | 71.7 | 38.8 | 19.7 | 20.9 |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 1.0 |
| 1.7 |
| 1.8 |
| 0.5 |
| 0.5 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (67.4) | (61.0) | (30.3) | 0.8 | (13.5) | (1.0) | 3.9 | 9.9 | 4.9 | (1.3) | (1.2) | (1.9) |
| Pre-Tax Income | (26.6) | (13.1) | (145.2) | (163.6) | (128.7) | (57.8) | (19.9) | (97.5) | (61.8) | (30.1) | (4.3) | (5.3) |
| (13.2) |
| (145.2) |
| (163.6) |
| (128.7) |
| (57.8) |
| (19.9) |
| (97.3) |
| (61.7) |
| (30.1) |
| (4.3) |
| (5.4) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (26.8) | (13.2) | (145.2) | (163.6) | (128.7) | (57.8) | (19.9) | (97.3) | (61.7) | (30.1) | (4.3) | (5.4) |
| Net Income Attributable To Parent | (26.8) | (13.2) | (145.2) | (163.6) | (128.7) | (57.8) | (19.9) | (97.3) | (61.7) | (30.1) | (4.3) | (5.4) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (26.8) | (13.2) | (145.2) | (163.6) | (128.7) | (57.8) | (19.9) | (97.3) | (61.7) | (30.1) | (4.3) | (5.4) |
| (5.12) |
| (6.08) |
| (4.57) |
| (2.11) |
| (0.73) |
| (3.60) |
| (2.50) |
| (1.52) |
| (1.62) |
| - |
| Shares Basic | 28.7 | 28.8 | 28.4 | 26.9 | 28.2 | 27.4 | 27.3 | 27.1 | - | - | - | - |
| Shares Diluted | 28.7 | 28.8 | 28.4 | 26.9 | 28.2 | 27.4 | 27.3 | 27.1 | - | - | - | - |
| (114.9) |
| (164.4) |
| (115.2) |
| (56.8) |
| (23.9) |
| (107.4) |
| (66.7) |
| (28.8) |
| (3.0) |
| (3.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 5.4 |
| 5.4 |
| 5.2 |
| 5.4 |
| 5.1 |
| 4.8 |
| 4.7 |
| 4.3 |
| 3.8 |
| 3.8 |
| 4.3 |
| 4.1 |
| 3.7 |
| 4.0 |
| 3.8 |
| 3.9 |
| 2.5 |
| 2.4 |
| 2.4 |
| 2.1 |
| 0.9 |
| 1.0 |
| 1.2 |
| 0.2 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 32.7 |
| 32.2 |
| 27.7 |
| 30.6 |
| 29.6 |
| 26.7 |
| 24.3 |
| 22.6 |
| 25.3 |
| 25.3 |
| 33.7 |
| 31.7 |
| 24.8 |
| 19.7 |
| 21.9 |
| 14.4 |
| 15.8 |
| 10.2 |
| 9.1 |
| 9.6 |
| 10.0 |
| 5.9 |
| 4.3 |
| 3.5 |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.3 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.4 |
| 0.4 |
| 0.1 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.4) |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.3 |
| 0.6 |
| 1.1 |
| 2.0 |
| 2.0 |
| 2.7 |
| 2.6 |
| 2.7 |
| 2.5 |
| 0.9 |
| 0.8 |
| 0.7 |
| 0.3 |
| (0.0) |
| (0.1) |
| (1.4) |
| (1.4) |
| (0.0) |
| (0.0) |
| - |
| - |
| - |
| - |
| 33.6 |
| (23.8) |
| (21.5) |
| (8.3) |
| (20.3) |
| (31.1) |
| (24.0) |
| (22.1) |
| (17.2) |
| (16.0) |
| (13.6) |
| (15.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (32.5) |
| (6.7) |
| (0.4) |
| (18.2) |
| 33.6 |
| (23.8) |
| (21.5) |
| (8.3) |
| (20.3) |
| (31.0) |
| (24.0) |
| (22.1) |
| (17.0) |
| (16.0) |
| (13.6) |
| (15.1) |
| (6.9) |
| (9.1) |
| (2.7) |
| (11.4) |
| (4.6) |
| (1.1) |
| 2.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (32.5) |
| (6.7) |
| (0.4) |
| (18.2) |
| 33.6 |
| (23.8) |
| (21.5) |
| (8.3) |
| (20.3) |
| (31.0) |
| (24.0) |
| (22.1) |
| (17.0) |
| (16.0) |
| (13.6) |
| (15.1) |
| (6.9) |
| (9.1) |
| (2.7) |
| (11.4) |
| (4.6) |
| (1.1) |
| 2.3 |
| (36.3) |
| (32.5) |
| (6.7) |
| (0.4) |
| (18.2) |
| 33.6 |
| (23.8) |
| (21.5) |
| (8.3) |
| (20.3) |
| (31.0) |
| (24.0) |
| (22.1) |
| (17.0) |
| (16.0) |
| (13.6) |
| (15.1) |
| (6.9) |
| (9.1) |
| (2.7) |
| (11.4) |
| (4.6) |
| (1.1) |
| 2.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (32.6) |
| (36.3) |
| (32.5) |
| (6.7) |
| (0.4) |
| (18.2) |
| 33.6 |
| (23.8) |
| (21.5) |
| (8.3) |
| (20.3) |
| (31.0) |
| (24.0) |
| (22.1) |
| (17.0) |
| (16.0) |
| (13.6) |
| (15.1) |
| (6.9) |
| (9.1) |
| (2.7) |
| (11.4) |
| (2.4) |
| (1.1) |
| 0.2 |
| (0.24) |
| (0.02) |
| (0.66) |
| - |
| (0.87) |
| (0.79) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.45) |
| (0.13) |
| - |
| - |
| (0.42) |
| 0.05 |
| 27.4 |
| 27.4 |
| 27.4 |
| - |
| 27.3 |
| 27.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 20.4 |
| 20.3 |
| - |
| - |
| 2.6 |
| 2.6 |
| 27.4 |
| 27.4 |
| 27.4 |
| - |
| 27.3 |
| 27.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 20.4 |
| 20.3 |
| - |
| - |
| 2.6 |
| 3.5 |
| (0.5) |
| (18.4) |
| 33.3 |
| (24.3) |
| (22.6) |
| (10.3) |
| (22.3) |
| (33.7) |
| (26.7) |
| (24.8) |
| (19.7) |
| (16.9) |
| (14.4) |
| (15.8) |
| (7.2) |
| (9.1) |
| (2.6) |
| (10.0) |
| (3.2) |
| (1.1) |
| 2.4 |