| (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 | 105.4 | 129.5 | 99.2 | 81.5 | 65.8 | 71.4 | 44.8 | 30.9 | 49.6 | 13.5 | 38.1 | 5.2 | 2.8 | 3.0 | 0.7 | 0.0 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 415.6 | 376.1 | 196.5 | 59.6 | 3.7 | 0.0 | 0.0 | - | - |
| Cost of Revenue | 37.6 | 36.7 | 19.1 | 5.0 | 0.8 | 0.0 | - | - | - |
| Gross Profit | 378.0 | 339.4 | 177.4 | 54.6 | 2.9 | 0.0 | - | - | - |
| Operating Expenses | |||||||||
| Research & Development | 90.1 | 77.1 | 76.4 | 110.6 | 182.4 | 145.6 | 115.3 | 36.5 | 17.9 |
| Selling General & Administrative | 284.6 | 274.6 | 229.4 | ||||||
| Operating Income | |||||||||
| Operating Income | 3.2 | (12.2) | (128.4) | (241.1) | (301.6) | (206.5) | (136.6) | (43.1) | (19.7) |
| Non-Operating | |||||||||
| Interest Income | - | 8.9 | 16.1 | 12.5 | - | - | - | - | - |
| Interest Expense | 13.5 | 12.1 | 27.2 | 29.7 | 15.7 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | 1.0 | 1.2 | 0.6 | 3.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (2.4) | (16.1) | (140.0) | (262.1) | |||||
| Per Share | |||||||||
| EPS Basic | (18.37) | (0.13) | (1.16) | (3.78) | (5.66) | (4.18) | (3.80) | (22.78) | - |
| EPS Diluted | (18.37) | (0.13) | (1.16) | (3.78) | (5.66) | ||||
| Supplementary Data | |||||||||
| EBITDA | - | (11.5) | (127.8) | (240.3) | (301.0) | (206.1) | (136.5) | (43.1) | (19.7) |
| EBIT | 3.2 | (12.2) | (128.4) | (241.1) | (301.6) | ||||
| 0.0 |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | 9.8 | 11.7 | 8.7 | 7.5 | 8.8 | 6.9 | 5.5 | 3.5 | 3.3 | 2.2 | 1.2 | 0.8 | 0.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 95.6 | 117.8 | 90.5 | 74.0 | 57.0 | 64.5 | 39.3 | 27.4 | 46.3 | 11.3 | 36.9 | 4.4 | 2.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 30.6 | 20.5 | 19.6 | 19.5 | 17.5 | 14.5 | 19.5 | 19.3 | 23.1 | 23.8 | 26.2 | 25.2 | 35.3 | 33.9 | 69.7 | 38.2 | 40.6 | 52.6 | 40.6 | 30.8 | 21.6 | 27.4 | 32.7 | 30.0 | 25.2 | 10.8 | 12.3 | 7.2 | 6.2 |
| Selling General & Administrative | 74.1 | 79.0 | 62.4 | 69.2 | 64.0 | 57.6 | 58.8 | 58.2 | 54.8 | 48.7 | 47.6 | 46.0 | 42.9 | 37.0 | 35.5 | 27.6 | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.6 | 22.0 | ||||||||||||
| Depreciation & Amortization | - | - | - | - | 0.2 | - | - | - | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |||||||||||||
| Amortization of Intangibles | 0.6 | - | - | - | 3.0 | - | - | 0.2 | 0.2 | (187.6) | 188.0 | 0.2 | 0.2 | - | 0.1 | - | 0.0 | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 114.5 | 111.1 | 90.7 | 96.1 | 90.4 | 79.0 | 83.8 | 80.9 | 81.2 | 74.7 | 75.0 | 72.0 | 79.0 | 71.4 | 105.5 | 65.8 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (9.1) | 18.4 | 8.5 | (14.6) | (24.5) | (7.6) | (39.1) | (50.1) | (31.6) | (61.2) | (36.9) | (66.8) | (76.3) | (68.4) | (104.7) | (65.8) | (62.6) | (71.3) | (57.1) | (42.1) | (36.1) | (34.1) | (38.3) | (35.6) | (28.7) | (13.0) | (14.6) | (8.5) | (7.0) |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | 2.3 | - | - | - | 2.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 4.4 | 3.0 | 3.1 | 3.0 | 3.0 | 5.6 | 6.7 | 7.5 | 7.5 | 7.8 | 7.6 | 7.3 | 7.0 | 6.9 | 4.9 | 2.0 | 1.8 | 0.0 | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | (0.0) | (3.9) | 2.0 | 2.1 | 0.2 | (13.4) | 4.2 | 5.2 | 4.0 | 4.6 | 2.7 | (4.2) | (3.8) | (3.6) | (3.0) | (1.6) | (1.7) | ||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | 0.1 | 0.5 | 0.1 | 0.3 | 0.3 | 0.3 | 0.0 | 0.0 | 0.3 | 0.1 | 3.0 | 0.0 | 0.0 | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (11.3) | 17.4 | 7.4 | (15.9) | (25.1) | (10.8) | (41.5) | (52.3) | (35.4) | (66.3) | (44.8) | (71.0) | (80.1) | (72.0) | (107.7) | (67.4) | (64.3) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (11.3) | 17.4 | 7.4 | (15.9) | (25.1) | (10.8) | (41.5) | (52.3) | (35.4) | (66.3) | (44.8) | (71.0) | (80.1) | (72.0) | (107.7) | (67.4) | (64.3) | ||||||||||||
| Net Income Attributable To Parent | (11.3) | 17.4 | 7.4 | (15.9) | (25.1) | (10.8) | (41.5) | (52.3) | (35.4) | (66.3) | (44.8) | (71.0) | (80.1) | (72.0) | (107.7) | (67.4) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (11.3) | 17.4 | 7.4 | (15.9) | (25.1) | (10.8) | (41.5) | (52.3) | (35.4) | (66.3) | (44.8) | (71.0) | (80.1) | (72.0) | (107.7) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (0.09) | - | 0.06 | (0.13) | (0.20) | - | (0.33) | (0.42) | (0.32) | - | (0.73) | (1.16) | (1.31) | - | (1.89) | (1.31) | (1.27) | - | (1.14) | (0.84) | (0.76) | - | (1.01) | (0.94) | - | - | - | - | - |
| EPS Diluted | (0.09) | - | 0.06 | (0.13) | (0.20) | - | (0.33) | (0.42) | (0.32) | - | (0.73) | (1.16) | (1.31) | - | (1.89) | (1.31) | (1.27) | - | |||||||||||
| Shares Basic | 0.1 | - | 127.6 | 127.0 | 0.1 | - | 124.3 | 123.5 | 111.0 | - | 61.7 | 61.4 | 61.2 | - | 57.1 | 51.4 | 50.5 | - | |||||||||||
| Shares Diluted | 0.1 | - | 132.9 | 127.0 | 0.1 | - | 124.3 | 123.5 | 111.0 | - | 61.7 | 61.4 | 61.2 | - | 57.1 | 51.4 | 50.5 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | - | - | - | - | (24.4) | - | - | - | (31.5) | (60.9) | (36.7) | (66.6) | (76.1) | (68.3) | (104.6) | (65.7) | (62.5) | (71.2) | (57.0) | (42.0) | (36.0) | (34.0) | (38.3) | (35.6) | (28.6) | - | - | - | (6.9) |
| EBIT | (9.1) | 18.4 | 8.5 | (14.6) | (24.5) | (7.6) | (39.1) | (50.1) | (31.6) | (61.2) | (36.9) | (66.8) | (76.3) | (68.4) | (104.7) | (65.8) | (62.6) | (71.3) | (57.1) | ||||||||||
| 185.1 |
| 122.1 |
| 61.0 |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | 122.1 | 61.0 | 21.3 | 6.6 | 1.8 |
| Depreciation & Amortization | - | 0.7 | 0.6 | 0.8 | 0.6 | 0.5 | 0.1 | 0.1 | 0.0 |
| Amortization of Intangibles | - | 4.7 | 2.0 | 0.8 | 0.3 | 0.0 | 0.0 | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 412.4 | 388.3 | 324.9 | 300.7 | 305.3 | 206.5 | 136.6 | 43.1 | 19.7 |
| 0.0 |
| 0.0 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.2 | 0.4 | 0.0 | (0.7) | (9.8) | 0.2 | 1.0 | 1.1 | 0.5 |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - |
| (311.5) |
| (206.4) |
| (135.7) |
| (42.0) |
| (19.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (2.4) | (16.1) | (140.0) | (262.1) | (311.5) | (206.4) | (135.7) | (42.0) | (19.3) |
| Net Income Attributable To Parent | (2.4) | (16.1) | (140.0) | (262.1) | (311.5) | (206.4) | (135.7) | (42.0) | (19.3) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (2.4) | (16.1) | (140.0) | (262.1) | (311.5) | (206.4) | (135.7) | (42.0) | (19.3) |
| (4.18) |
| (3.80) |
| (22.78) |
| - |
| Shares Basic | 0.1 | 127.2 | 121.0 | 69.3 | 55.0 | 49.4 | 35.7 | 1.8 | - |
| Shares Diluted | 0.1 | 127.2 | 121.0 | 69.3 | 55.0 | 49.4 | 35.7 | 1.8 | - |
| (206.5) |
| (136.6) |
| (43.1) |
| (19.7) |
| 22.0 |
| - |
| 16.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 18.7 |
| 16.5 |
| 11.3 |
| 14.5 |
| 6.7 |
| 5.6 |
| 5.6 |
| 3.5 |
| 2.2 |
| 2.3 |
| 1.3 |
| 0.7 |
| 0.2 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 62.6 |
| 71.3 |
| 57.1 |
| 42.1 |
| 36.1 |
| 34.1 |
| 38.3 |
| 35.6 |
| 28.7 |
| 13.0 |
| 14.6 |
| 8.5 |
| 7.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.0) |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.2 |
| 0.6 |
| 0.4 |
| 0.2 |
| 0.2 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (71.3) |
| (57.0) |
| (42.0) |
| (36.0) |
| (34.0) |
| (38.2) |
| (35.4) |
| (28.0) |
| (12.6) |
| (14.5) |
| (8.3) |
| (6.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (71.3) |
| (57.0) |
| (42.0) |
| (36.0) |
| (34.0) |
| (38.2) |
| (35.4) |
| (28.0) |
| (12.6) |
| (14.5) |
| (8.3) |
| (6.7) |
| (64.3) |
| (71.3) |
| (57.0) |
| (42.0) |
| (36.0) |
| (34.0) |
| (38.2) |
| (35.4) |
| (28.0) |
| (12.6) |
| (14.5) |
| (8.3) |
| (6.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (67.4) |
| (64.3) |
| (71.3) |
| (57.0) |
| (42.0) |
| (36.0) |
| (34.0) |
| (38.2) |
| (35.4) |
| (28.0) |
| (12.6) |
| (14.5) |
| (8.3) |
| (6.7) |
| (1.14) |
| (0.84) |
| (0.76) |
| - |
| (1.01) |
| (0.94) |
| - |
| - |
| - |
| - |
| - |
| 50.1 |
| 50.0 |
| 47.3 |
| - |
| 37.7 |
| 37.6 |
| - |
| - |
| - |
| - |
| - |
| 50.1 |
| 50.0 |
| 47.3 |
| - |
| 37.7 |
| 37.6 |
| - |
| - |
| - |
| - |
| - |
| (42.1) |
| (36.1) |
| (34.1) |
| (38.3) |
| (35.6) |
| (28.7) |
| (13.0) |
| (14.6) |
| (8.5) |
| (7.0) |