| (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 | Q3 FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||
| Revenues | 15.6 | 9.5 | 41.9 | 22.4 | 188.8 | 59.2 | 102.4 | 76.5 | 25.3 | (43.1) | 34.6 | 54.5 | 32.5 | 37.9 | 33.2 | 33.8 | ||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 89.4 | 262.6 | 263.4 | 78.5 | 131.4 | 53.6 | 25.9 | 43.0 | 14.3 | 7.6 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 254.7 | 285.2 | 348.2 | 379.7 | 315.0 | 180.4 | 108.4 | 67.2 | 45.2 | 28.8 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (253.7) | (118.5) | (250.2) | (401.5) | (263.2) | (188.4) | (120.8) | (51.5) | (43.8) | (24.8) |
| Non-Operating | ||||||||||
| Interest Income | 33.1 | 38.4 | 54.8 | 38.8 | 12.0 | 1.8 | 3.5 | 4.6 | 2.5 | 0.2 |
| Interest Expense | - | - | 0.0 | 0.0 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | 0.2 | 0.3 | 0.6 | 0.9 | 20.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (221.3) | (80.8) | (198.9) | |||||||
| Per Share | ||||||||||
| EPS Basic | (3.46) | (1.14) | (2.77) | (6.62) | (5.31) | (3.82) | (3.02) | (2.13) | - | - |
| EPS Diluted | (3.46) | (1.14) | (2.77) | (6.62) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (250.7) | (115.5) | (245.6) | (396.7) | (256.9) | (183.6) | (117.6) | (49.9) | (43.1) | (24.4) |
| EBIT | (253.7) | (118.5) | (250.2) | (401.5) | ||||||
| 26.5 |
| 33.3 |
| 9.3 |
| 5.5 |
| 5.5 |
| 6.3 |
| 7.6 |
| 5.7 |
| 6.2 |
| 4.9 |
| 30.1 |
| 4.0 |
| 4.0 |
| 3.4 |
| 3.4 |
| 3.4 |
| 4.1 |
| 1.7 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Research & Development | 60.3 | 61.1 | 64.7 | 68.6 | 90.8 | 83.3 | 86.9 | 93.7 | 84.3 | 95.1 | 85.9 | 103.4 | 95.3 | 98.2 | 77.5 | 75.3 | 64.0 | 61.9 | 40.6 | 43.0 | 34.9 | 33.2 | 30.0 | 23.4 | 21.7 | 20.4 | 16.6 | 16.0 | 14.2 | 14.6 | 13.1 | 10.3 | 7.1 | 7.2 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| General & Administrative | 19.1 | 23.0 | 21.0 | 25.3 | 26.6 | 34.0 | 75.8 | 31.3 | 24.3 | 27.1 | 22.6 | 25.7 | 24.9 | 15.1 | 20.0 | 24.3 | 20.2 | |||||||||||||||||
| Depreciation & Amortization | 0.7 | 0.7 | 0.8 | 0.8 | 0.7 | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.7 | 1.6 | 1.5 | ||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Total Operating Expenses | 79.4 | 84.1 | 85.7 | 93.9 | 117.4 | 117.3 | 162.7 | 125.0 | 108.6 | 122.2 | 108.5 | 129.1 | 120.2 | 113.3 | 97.5 | 99.6 | ||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (63.8) | (74.6) | (43.8) | (71.5) | 71.4 | (58.1) | (60.3) | (48.5) | (83.3) | (165.3) | (73.9) | (74.6) | (87.7) | (75.4) | (64.3) | (65.8) | (57.7) | (47.5) | (47.3) | (51.9) | (41.7) | (39.2) | (31.7) | (26.5) | (23.4) | (22.8) | 5.5 | (18.4) | (15.8) | (16.9) | (14.1) | (8.5) | (4.3) | (6.4) |
| Non-Operating | ||||||||||||||||||||||||||||||||||
| Interest Income | 6.4 | 7.4 | 9.0 | 10.3 | 11.7 | 12.9 | 14.3 | 13.6 | 14.0 | 12.2 | 10.0 | 9.0 | 7.6 | 5.6 | 3.4 | 1.8 | 1.2 | 0.6 | 0.4 | 0.4 | 0.5 | 0.4 | 0.8 | 1.0 | 1.3 | 1.2 | 1.1 | 1.1 | 1.2 | 1.2 | 0.5 | 0.5 | 0.2 | 0.0 |
| Interest Expense | - | - | - | 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 | 0.0 | (0.0) | ||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | (1.3) | (1.1) | (2.9) | (2.9) | (2.5) | ||||||||||||||||||
| Other Non-Operating Income | 6.3 | 7.3 | 9.0 | 10.0 | 11.7 | 12.7 | 11.7 | 13.5 | 14.0 | 12.1 | 10.0 | 9.0 | 6.5 | 6.2 | 3.2 | 1.7 | 1.1 | |||||||||||||||||
| Pre-Tax Income | (57.5) | (67.3) | (34.8) | (61.5) | 83.1 | (45.4) | (48.6) | (35.0) | (69.3) | (153.2) | (63.9) | (65.6) | (81.2) | (69.2) | (61.1) | (64.1) | ||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.1 | 0.1 | 0.3 | (0.3) | 0.2 | (0.3) | 0.6 | 0.2 | 0.1 | 1.6 | 0.0 | (0.3) | (0.4) | 10.8 | 2.2 | 3.4 | 4.5 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | 0.0 | - | - | 0.0 |
| Net Income From Continuing Ops | (57.6) | (67.4) | (35.1) | (61.2) | 82.9 | (45.1) | (49.2) | (35.2) | (69.4) | (154.8) | (64.0) | (66.6) | (81.9) | (82.9) | (66.2) | (70.0) | (63.4) | |||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income | (57.6) | (67.4) | (35.1) | (61.2) | 82.9 | (45.1) | (49.2) | (35.2) | (69.4) | (154.8) | (64.0) | (66.6) | (81.9) | (82.9) | (66.2) | (70.0) | (63.4) | |||||||||||||||||
| Net Income Attributable To Parent | (57.6) | (67.4) | (35.1) | (61.2) | 82.9 | (45.1) | (49.2) | (35.2) | (69.4) | (154.8) | (64.0) | (66.6) | (81.9) | (82.9) | (66.2) | (70.0) | ||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income To Common Shareholders | (57.6) | (67.4) | (35.1) | (61.2) | 82.9 | (45.1) | (49.2) | (35.2) | (69.4) | (154.8) | (64.0) | (66.6) | (81.9) | (82.9) | (66.2) | |||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||
| EPS Basic | (0.90) | - | (0.48) | (0.84) | 1.14 | - | (0.68) | (0.49) | (0.97) | - | (1.18) | (1.25) | (1.54) | - | (1.24) | (1.32) | (1.20) | - | (0.94) | (1.03) | (0.84) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.90) | - | (0.48) | (0.84) | 1.14 | - | (0.68) | (0.49) | (0.97) | - | (1.18) | (1.25) | (1.54) | - | (1.24) | (1.32) | (1.20) | - | ||||||||||||||||
| Shares Basic | 64.0 | - | 73.2 | 73.0 | 72.5 | - | 72.1 | 71.9 | 71.7 | - | 54.1 | 53.4 | 53.3 | - | 53.2 | 53.2 | 53.0 | - | ||||||||||||||||
| Shares Diluted | 64.0 | - | 73.2 | 73.0 | 72.7 | - | 72.1 | 71.9 | 71.7 | - | 54.1 | 53.4 | 53.3 | - | 53.2 | 53.2 | 53.0 | - | ||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||
| EBITDA | (63.1) | (73.9) | (43.0) | (70.7) | 72.1 | (57.0) | (59.2) | (47.3) | (82.1) | (164.1) | (72.7) | (73.4) | (86.5) | (73.7) | (62.7) | (64.3) | (56.2) | (46.2) | (46.1) | (50.7) | (40.6) | (38.1) | (30.9) | (25.8) | (22.8) | (22.2) | 6.0 | (18.1) | (15.6) | (16.7) | (13.9) | (8.3) | (4.2) | (6.3) |
| EBIT | (63.8) | (74.6) | (43.8) | (71.5) | 71.4 | (58.1) | (60.3) | (48.5) | (83.3) | (165.3) | (73.9) | (74.6) | (87.7) | (75.4) | (64.3) | (65.8) | (57.7) | (47.5) | (47.3) | |||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 88.4 | 95.9 | 165.4 | 100.3 | 79.6 | 61.6 | 38.3 | 27.3 | 12.9 | 3.5 |
| Depreciation & Amortization | 3.0 | 3.0 | 4.6 | 4.8 | 6.3 | 4.8 | 3.2 | 1.6 | 0.7 | 0.3 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 343.1 | 381.1 | 513.6 | 480.0 | 394.6 | 242.0 | 146.7 | 94.5 | 58.1 | 32.3 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| Income From Equity Investments | - | 0.0 | 0.0 | (2.5) | (10.6) | (6.9) | (4.1) | (24.7) | 0.0 | - |
| Other Non-Operating Income | 32.6 | 38.0 | 51.9 | 37.6 | 12.2 | 4.3 | 5.6 | 5.9 | 2.3 | 0.7 |
| Pre-Tax Income | (221.1) | (80.5) | (198.3) | (363.9) | (251.0) | (184.1) | (115.2) | - | - | - |
| (367.3) |
| (282.5) |
| (191.0) |
| (119.3) |
| (70.3) |
| (41.5) |
| (24.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (221.3) | (80.8) | (198.9) | (367.3) | (282.5) | (191.0) | (119.3) | (70.3) | (41.5) | (24.0) |
| Net Income Attributable To Parent | (221.3) | (80.8) | (198.9) | (367.3) | (282.5) | (191.0) | (119.3) | (70.3) | (41.5) | (24.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (221.3) | (80.8) | (198.9) | (367.3) | (282.5) | (191.0) | (119.3) | (70.3) | (239.8) | (28.6) |
| (5.31) |
| (3.82) |
| (3.02) |
| (2.13) |
| - |
| - |
| Shares Basic | 64.0 | 70.9 | 71.9 | 55.5 | 53.2 | 50.0 | 39.5 | 32.9 | - | - |
| Shares Diluted | 64.0 | 70.9 | 71.9 | 55.5 | 53.2 | 50.0 | 39.5 | 32.9 | - | - |
| (263.2) |
| (188.4) |
| (120.8) |
| (51.5) |
| (43.8) |
| (24.8) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 18.9 |
| 16.0 |
| 14.4 |
| 12.3 |
| 12.2 |
| 9.3 |
| 8.8 |
| 7.9 |
| 7.3 |
| 8.0 |
| 6.4 |
| 5.6 |
| 5.8 |
| 4.3 |
| 1.6 |
| 1.2 |
| 0.9 |
| 1.5 |
| 1.3 |
| 1.2 |
| 1.2 |
| 1.1 |
| 1.1 |
| 0.9 |
| 0.6 |
| 0.6 |
| 0.6 |
| 0.5 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 84.2 |
| 80.8 |
| 56.6 |
| 57.4 |
| 47.2 |
| 45.5 |
| 39.3 |
| 32.2 |
| 29.7 |
| 27.7 |
| 24.5 |
| 22.4 |
| 19.8 |
| 20.4 |
| 17.4 |
| 11.9 |
| 8.4 |
| 8.1 |
| 0.0 |
| 0.0 |
| 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 |
| (2.3) |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| (24.7) |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 1.5 |
| 0.5 |
| 1.6 |
| 0.7 |
| 1.7 |
| 0.9 |
| 1.3 |
| 1.7 |
| 1.7 |
| 1.5 |
| 1.3 |
| 1.4 |
| 0.9 |
| 0.7 |
| 0.7 |
| 0.1 |
| 0.0 |
| (56.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (13.4) |
| - |
| - |
| (6.4) |
| (52.9) |
| (46.8) |
| (50.3) |
| (41.0) |
| (41.5) |
| (30.8) |
| (25.2) |
| (21.7) |
| (21.1) |
| (17.7) |
| (17.2) |
| (14.4) |
| (16.1) |
| (13.4) |
| (7.9) |
| (4.2) |
| (6.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (52.9) |
| (46.8) |
| (50.3) |
| (41.0) |
| (41.5) |
| (30.8) |
| (25.2) |
| (21.7) |
| (21.1) |
| (17.7) |
| (17.2) |
| (14.4) |
| (16.1) |
| (13.4) |
| (7.9) |
| (4.2) |
| (6.4) |
| (63.4) |
| (52.9) |
| (46.8) |
| (50.3) |
| (41.0) |
| (41.5) |
| (30.8) |
| (25.2) |
| (21.7) |
| (21.1) |
| (17.7) |
| (17.2) |
| (14.4) |
| (16.1) |
| (13.4) |
| (7.9) |
| (4.2) |
| (6.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (70.0) |
| (63.4) |
| (52.9) |
| (46.8) |
| (50.3) |
| (41.0) |
| (41.5) |
| (30.8) |
| (25.2) |
| (21.7) |
| (21.0) |
| (17.7) |
| (17.2) |
| (14.4) |
| (16.1) |
| (125.4) |
| (22.7) |
| (75.6) |
| (6.4) |
| (0.94) |
| (1.03) |
| (0.84) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 49.8 |
| 48.9 |
| 48.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 49.8 |
| 48.9 |
| 48.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (51.9) |
| (41.7) |
| (39.2) |
| (31.7) |
| (26.5) |
| (23.4) |
| (22.8) |
| 5.5 |
| (18.4) |
| (15.8) |
| (16.9) |
| (14.1) |
| (8.5) |
| (4.3) |
| (6.4) |