| (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 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||
| Revenues | 0.1 | 0.1 | 0.1 | 0.6 | 0.4 | 0.4 | 0.1 | 0.5 | 0.2 | 0.1 | 0.0 | - |
| Cost of Revenue | 0.4 | 0.3 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.3 | 0.1 | 0.0 | 0.0 | - |
| Gross Profit | (0.4) | (0.3) | 0.0 | 0.5 | 0.3 | 0.4 | 0.0 | 0.3 | 0.1 | 0.1 | 0.0 | - |
| Operating Expenses | ||||||||||||
| Research & Development | 12.5 | 12.3 | 11.0 | 12.5 | 10.0 | 8.8 | 8.4 | 7.7 | 7.3 | 5.8 | 4.0 | 2.0 |
| Selling General & Administrative | - | |||||||||||
| Operating Income | ||||||||||||
| Operating Income | (22.0) | (21.1) | (19.3) | (20.7) | (17.5) | (15.5) | (14.9) | (13.6) | (13.1) | (13.2) | (10.0) | (5.5) |
| Non-Operating | ||||||||||||
| Interest Income | 0.9 | 0.9 | 0.8 | 0.7 | 0.3 | 0.0 | 0.0 | - | - | 0.1 | 0.0 | 0.0 |
| Interest Expense | 0.0 | 0.1 | ||||||||||
| Tax & Net | ||||||||||||
| Income Tax Expense | - | - | - | - | 0.0 | 0.1 | 0.0 | - | - | - | - | - |
| Net Income From Continuing Ops | (21.0) | |||||||||||
| Per Share | ||||||||||||
| EPS Basic | (0.60) | (0.65) | (0.68) | (0.80) | (0.75) | (0.70) | - | - | - | - | - | - |
| EPS Diluted | (0.60) | (0.65) | ||||||||||
| Supplementary Data | ||||||||||||
| EBITDA | - | (21.1) | (19.3) | (20.6) | (17.4) | (15.5) | (14.9) | (13.6) | (13.1) | (13.2) | (10.0) | (5.5) |
| EBIT | (22.0) | (21.1) | ||||||||||
| 0.4 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.4 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.3 |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.0 |
| 0.1 |
| 0.0 |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| Cost of Revenue | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | - | 0.0 | 0.0 | - | - | - | - |
| Gross Profit | (0.1) | (0.1) | (0.1) | (0.1) | 0.0 | 0.0 | 0.0 | (0.0) | (0.0) | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.0 | 0.0 | 0.0 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | (0.0) | 0.0 | - | 0.0 | 0.0 | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 3.5 | 2.7 | 3.3 | 3.0 | 3.3 | 2.8 | 2.8 | 2.6 | 2.9 | 3.0 | 3.3 | 3.2 | 3.0 | 2.5 | 2.7 | 2.4 | 2.3 | 2.2 | 2.2 | 2.1 | 2.2 | 2.2 | 2.0 | 2.1 | 2.1 | 1.8 | 1.7 | 2.1 | 2.1 | 2.0 | 1.9 | 1.7 | 1.7 | 1.3 | 1.6 | 1.4 | 1.5 | 1.2 | 0.9 | 0.9 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | 0.4 | 0.3 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | |||||||||||||||||||||||
| General & Administrative | 2.3 | 1.5 | 2.2 | 2.0 | 2.1 | 1.8 | 1.8 | 1.8 | 1.8 | 1.9 | 1.7 | 1.8 | 1.7 | 1.6 | 1.6 | 1.7 | 1.6 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | 1.1 | 0.7 | 1.1 | 1.0 | 1.0 | 0.5 | 0.9 | 0.8 | 1.0 | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 6.2 | 4.5 | 5.7 | 5.2 | 5.5 | 4.9 | 4.8 | 4.6 | 5.0 | 5.3 | 5.4 | 5.4 | 5.2 | 4.4 | 4.7 | 4.4 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (6.3) | (4.6) | (5.8) | (5.3) | (5.5) | (4.9) | (4.8) | (4.6) | (5.0) | (4.8) | (5.4) | (5.4) | (5.2) | (4.4) | (4.7) | (4.4) | (4.0) | (4.1) | (4.1) | (3.7) | (3.6) | (3.9) | (3.6) | (3.8) | (3.7) | (3.1) | (3.2) | (3.7) | (3.6) | (3.3) | (3.5) | (3.2) | (3.1) | (2.7) | (3.3) | (3.7) | (3.6) | (3.4) | (2.8) | (1.9) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | 0.1 | 0.1 | 0.1 | - | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 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 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | (0.0) | (0.1) | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (6.1) | (4.4) | (5.6) | (5.0) | (5.2) | (4.7) | (4.6) | (4.4) | (4.8) | (4.6) | (5.0) | (5.2) | (5.0) | (4.3) | (4.6) | (4.5) | (4.1) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (6.1) | (4.4) | (5.6) | (5.0) | (5.2) | (4.7) | (4.6) | (4.4) | (4.8) | (4.6) | (5.0) | (5.2) | (5.0) | (4.3) | (4.6) | (4.5) | (4.1) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (6.1) | (4.4) | (5.6) | (5.0) | (5.2) | (4.7) | (4.6) | (4.4) | (4.8) | (4.6) | (5.0) | (5.2) | (5.0) | (4.3) | (4.6) | (4.5) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (6.1) | (4.4) | (5.6) | (5.0) | (5.2) | 32.2 | (4.6) | (4.4) | (4.8) | (4.6) | (5.0) | (5.2) | (5.0) | (4.3) | (4.6) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.17) | - | (0.17) | (0.17) | (0.17) | - | (0.17) | (0.16) | (0.19) | - | (0.20) | (0.21) | (0.21) | - | (0.20) | (0.20) | (0.18) | - | (0.19) | (0.17) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.17) | - | (0.17) | (0.17) | (0.17) | - | (0.17) | (0.16) | (0.19) | - | (0.20) | (0.21) | (0.21) | - | (0.20) | (0.20) | (0.18) | - | ||||||||||||||||||||||
| Shares Basic | 35.3 | - | 31.1 | 30.4 | 30.2 | - | 27.4 | 26.5 | 26.0 | - | 25.3 | 24.7 | 23.7 | - | 23.3 | 22.9 | 22.9 | - | ||||||||||||||||||||||
| Shares Diluted | 35.3 | - | 31.1 | 30.4 | 30.2 | - | 27.4 | 26.5 | 26.0 | - | 25.3 | 24.7 | 23.7 | - | 23.3 | 22.9 | 22.9 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (6.3) | - | - | - | (5.5) | - | - | - | (5.0) | - | - | - | (5.1) | - | - | - | (4.0) | - | - | - | (3.6) | - | - | - | (3.7) | - | - | - | (3.6) | - | - | - | (3.1) | - | - | - | (3.6) | - | - | - |
| EBIT | (6.3) | (4.6) | (5.8) | (5.3) | (5.5) | (4.9) | (4.8) | (4.6) | (5.0) | (4.8) | (5.4) | (5.4) | (5.2) | (4.4) | (4.7) | (4.4) | (4.0) | (4.1) | (4.1) | |||||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 1.1 | 0.8 | 1.1 | 1.6 | 1.3 | 1.0 | 0.9 | 1.0 | 1.0 | 1.7 | 0.9 | 0.0 |
| General & Administrative | 8.1 | 7.8 | 7.3 | 7.1 | 6.4 | 6.2 | 5.6 | 5.2 | 5.0 | 5.8 | 5.1 | 3.4 |
| Depreciation & Amortization | - | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3.9 | 3.8 | 3.3 | 3.9 | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 21.6 | 20.9 | 19.3 | 21.2 | 17.8 | 15.9 | 15.0 | 13.9 | 13.2 | 13.3 | 10.0 | 5.5 |
| 0.1 |
| 0.2 |
| 0.3 |
| 0.1 |
| 0.0 |
| - |
| - |
| 0.0 |
| 2.6 |
| 1.9 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.9 | 0.9 | 0.9 | 0.9 | 0.1 | (0.1) | 0.0 | 0.3 | 0.2 | 0.1 | (2.6) | (4.0) |
| Pre-Tax Income | - | - | - | - | (17.4) | (15.6) | - | - | - | (13.1) | (12.6) | (9.5) |
| (20.2) |
| (18.4) |
| (19.8) |
| (17.4) |
| (15.6) |
| (14.9) |
| (13.3) |
| (12.9) |
| (13.1) |
| (12.6) |
| (9.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (21.0) | (20.2) | (18.4) | (19.8) | (17.4) | (15.6) | (14.9) | (13.3) | (12.9) | (13.1) | (12.6) | (9.5) |
| Net Income Attributable To Parent | (21.0) | (20.2) | (18.4) | (19.8) | (17.4) | (15.7) | (14.9) | (13.3) | (12.9) | (13.1) | (12.6) | (9.5) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (21.0) | (20.2) | 18.4 | (19.8) | (17.4) | (15.6) | (14.9) | (13.3) | (12.9) | (13.1) | (12.6) | (9.5) |
| (0.68) |
| (0.80) |
| (0.75) |
| (0.70) |
| - |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 35.3 | 30.8 | 27.2 | 24.8 | 23.2 | 22.5 | - | - | - | - | - | - |
| Shares Diluted | 35.3 | 30.8 | 27.2 | 24.8 | 23.2 | 22.5 | - | - | - | - | - | - |
| (19.3) |
| (20.7) |
| (17.5) |
| (15.5) |
| (14.9) |
| (13.6) |
| (13.1) |
| (13.2) |
| (10.0) |
| (5.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.3 |
| 0.3 |
| 0.1 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.4 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.2 |
| 0.1 |
| 1.5 |
| 1.6 |
| 1.5 |
| 1.5 |
| 1.4 |
| 1.3 |
| 1.5 |
| 1.4 |
| 1.2 |
| 1.2 |
| 1.5 |
| 1.3 |
| 1.2 |
| 1.3 |
| 1.3 |
| 1.2 |
| 1.1 |
| 1.4 |
| 1.7 |
| 1.6 |
| 1.7 |
| 1.6 |
| 0.9 |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.3 |
| 4.1 |
| 4.1 |
| 3.7 |
| 4.0 |
| 3.9 |
| 3.6 |
| 3.8 |
| 3.7 |
| 3.2 |
| 3.2 |
| 3.8 |
| 3.7 |
| 3.4 |
| 3.5 |
| 3.2 |
| 3.1 |
| 2.7 |
| 3.3 |
| 3.7 |
| 3.6 |
| 3.4 |
| 2.8 |
| 1.9 |
| 0.1 |
| 0.0 |
| 0.0 |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 1.3 |
| 0.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| (0.1) |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| (1.3) |
| (0.7) |
| (4.1) |
| (4.2) |
| (3.7) |
| (3.6) |
| - |
| (3.6) |
| (3.8) |
| (3.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.1) |
| (4.2) |
| (3.7) |
| (3.6) |
| (3.9) |
| (3.6) |
| (3.8) |
| (3.6) |
| (3.0) |
| (3.1) |
| (3.6) |
| (3.5) |
| (3.2) |
| (3.4) |
| (3.2) |
| (3.1) |
| (2.6) |
| (3.3) |
| (3.6) |
| (3.5) |
| (3.4) |
| (4.1) |
| (2.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.1) |
| (4.2) |
| (3.7) |
| (3.6) |
| (3.9) |
| (3.6) |
| (3.8) |
| (3.6) |
| (3.0) |
| (3.1) |
| (3.6) |
| (3.5) |
| (3.2) |
| (3.4) |
| (3.2) |
| (3.1) |
| (2.6) |
| (3.3) |
| (3.6) |
| (3.5) |
| (3.4) |
| (4.1) |
| (2.6) |
| (4.1) |
| (4.2) |
| (4.2) |
| (3.7) |
| (3.6) |
| (3.9) |
| (3.6) |
| (3.8) |
| (3.6) |
| (3.0) |
| (3.1) |
| (3.6) |
| (3.5) |
| (3.2) |
| (3.4) |
| (3.2) |
| (3.1) |
| (2.6) |
| (3.3) |
| (3.6) |
| (3.5) |
| (3.4) |
| (4.1) |
| (2.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.5) |
| (4.1) |
| (4.1) |
| (4.2) |
| (3.7) |
| (3.6) |
| (3.9) |
| (3.6) |
| (3.8) |
| (3.6) |
| (3.0) |
| (3.1) |
| (3.6) |
| (3.5) |
| (3.2) |
| (3.4) |
| (3.2) |
| (3.1) |
| (2.6) |
| (3.3) |
| (3.6) |
| (3.5) |
| (3.4) |
| (4.1) |
| (2.6) |
| (0.19) |
| (0.17) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 22.6 |
| 22.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 22.6 |
| 22.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (3.7) |
| (3.6) |
| (3.9) |
| (3.6) |
| (3.8) |
| (3.7) |
| (3.1) |
| (3.2) |
| (3.7) |
| (3.6) |
| (3.3) |
| (3.5) |
| (3.2) |
| (3.1) |
| (2.7) |
| (3.3) |
| (3.7) |
| (3.6) |
| (3.4) |
| (2.8) |
| (1.9) |