| (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 | 0.5 | 1.6 | 3.5 | 17.6 | 98.1 | 32.8 | 40.2 | 28.6 | 27.4 | 4.3 | 2.1 | 1.0 | 1.2 | 0.2 | 4.5 | 51.6 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||
| Revenues | 23.1 | 120.8 | 128.9 | 8.6 | 63.6 | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||
| Research & Development | 10.2 | 37.4 | 151.5 | 224.8 | 272.5 | 282.0 | 244.7 | 216.1 | 167.5 | 81.2 | 56.5 | 41.6 | 15.4 | - |
| Operating Income | ||||||||||||||
| Operating Income | (6.3) | 35.9 | (83.4) | (276.0) | (280.5) | (340.5) | (309.1) | (295.7) | (237.1) | (121.5) | (81.2) | (58.4) | (28.2) | (8.6) |
| Non-Operating | ||||||||||||||
| Interest Income | 0.5 | 0.7 | 2.1 | 5.4 | 3.1 | - | - | - | - | - | - | - | 0.1 | 0.0 |
| Interest Expense | ||||||||||||||
| 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) | (0.0) | 0.2 |
| Net Income From Continuing Ops | ||||||||||||||
| Per Share | ||||||||||||||
| EPS Basic | (0.67) | 2.61 | (11.41) | (65.19) | (2.24) | (3.63) | (4.15) | - | - | - | - | - | - | - |
| EPS Diluted | ||||||||||||||
| Supplementary Data | ||||||||||||||
| EBITDA | - | 38.0 | (78.4) | (271.2) | (274.9) | (331.1) | (300.7) | (288.6) | (233.4) | (120.6) | (80.9) | (58.4) | (28.2) | (8.6) |
| EBIT | ||||||||||||||
| 7.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 0.2 | (0.2) | 2.9 | 7.3 | 27.4 | 28.7 | 43.9 | 33.3 | 45.5 | 49.6 | 56.9 | 56.1 | 62.2 | 62.5 | 70.2 | 64.9 | 75.0 | 79.1 | 70.3 | 68.5 | 64.1 | 65.6 | 59.9 | 61.6 | 57.7 | 61.6 | 53.5 | 52.3 | 48.7 | 62.3 | 43.4 | 33.4 | 28.5 | 24.8 | 20.6 | 18.3 | 17.5 | 13.5 | 18.8 | 13.0 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 3.6 | 4.3 | 4.0 | 6.5 | 11.5 | 9.4 | 10.4 | 8.9 | 11.1 | 11.5 | 12.2 | 13.3 | 13.9 | 13.2 | 18.9 | 18.8 | 20.6 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.0 | - | - | - | 1.8 | 2.4 | 0.6 | 0.7 | 1.4 | 1.8 | 0.9 | 0.9 | 1.2 | 1.3 | 1.4 | 1.4 | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | 0.8 | 0.8 | 0.7 | 0.8 | 0.8 | 0.5 | 0.2 | 0.8 | 0.5 | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 3.9 | 4.2 | 7.0 | 14.4 | 59.3 | 45.0 | 61.9 | 46.9 | 58.6 | 64.2 | 71.8 | 72.4 | 76.2 | 75.8 | 89.1 | 83.7 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (3.4) | (2.6) | (3.6) | 3.2 | 38.8 | (12.2) | (21.8) | (18.2) | (31.2) | (60.0) | (69.6) | (71.4) | (75.0) | (75.5) | (84.6) | (32.1) | (88.2) | (93.4) | (84.8) | (84.0) | (78.2) | (81.7) | (74.7) | (78.0) | (74.7) | (79.7) | (72.6) | (75.5) | (67.9) | (81.8) | (60.2) | (52.6) | (42.5) | (35.8) | (31.7) | (27.9) | (26.2) | (18.8) | (25.9) | (19.5) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.6 | 0.5 | 0.5 | 0.6 | 0.7 | 1.2 | 1.7 | 1.8 | 1.2 | 1.0 | 0.7 | 0.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.8 | 0.9 | 0.9 | 1.0 | 1.0 | 1.0 | 1.2 | 1.3 | 1.2 | 1.2 | 1.4 | 1.4 | 1.3 | 0.1 | 0.1 | 0.1 | 0.0 | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 0.0 | (0.0) | 0.0 | 0.0 | (0.0) | (0.1) | 0.6 | (0.0) | 0.1 | (0.0) | (0.0) | (0.0) | (0.2) | (0.1) | (0.3) | (0.2) | (0.1) | |||||||||||||||||||||||
| Pre-Tax Income | (4.1) | (3.4) | (4.3) | 2.4 | 38.0 | (12.7) | (21.9) | (19.0) | (31.7) | (60.4) | (69.8) | (71.1) | (74.7) | (74.6) | (84.1) | 18.5 | ||||||||||||||||||||||||
| 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 | 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 | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (4.1) | (3.4) | (4.3) | 2.4 | 38.0 | (12.7) | (21.9) | (19.0) | (31.8) | (60.5) | (69.8) | (71.1) | (74.8) | (74.6) | (84.1) | 18.5 | (88.1) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (4.1) | (3.4) | (4.3) | 2.4 | 38.0 | (12.7) | (21.9) | (19.0) | (31.8) | (60.5) | (69.8) | (71.1) | (74.8) | (74.6) | (84.1) | 18.5 | (88.1) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (4.1) | (3.4) | (4.3) | 2.4 | 38.0 | (12.7) | (21.9) | (19.0) | (31.8) | (60.5) | (69.8) | (71.1) | (74.8) | (74.6) | (84.1) | 18.5 | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (4.1) | (3.4) | (4.3) | 2.4 | 38.0 | (12.7) | (21.9) | (19.0) | (31.8) | (60.5) | (69.8) | (71.1) | (74.8) | (74.6) | (84.1) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.29) | - | (0.32) | 0.20 | 3.53 | - | (2.93) | (3.10) | (5.65) | - | (16.40) | (16.91) | (0.72) | - | (0.82) | 0.18 | (0.87) | - | (0.90) | (0.91) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.29) | - | (0.32) | 0.19 | 3.50 | - | (2.93) | (3.10) | (5.65) | - | (16.40) | (16.91) | (0.72) | - | (0.82) | 0.18 | (0.87) | - | ||||||||||||||||||||||
| Shares Basic | 14.1 | - | 13.6 | 12.2 | 10.8 | - | 7.5 | 6.1 | 5.6 | - | 4.3 | 4.2 | 104.0 | - | 102.4 | 101.6 | 100.7 | - | ||||||||||||||||||||||
| Shares Diluted | 14.1 | - | 13.6 | 12.3 | 10.9 | - | 7.5 | 6.1 | 5.6 | - | 4.3 | 4.2 | 104.0 | - | 102.4 | 101.9 | 100.7 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (3.3) | - | - | - | 40.6 | (9.8) | (21.2) | (17.5) | (29.9) | (58.1) | (68.7) | (70.5) | (73.8) | (74.3) | (83.2) | (30.7) | (86.6) | (90.9) | (82.5) | (81.7) | (76.0) | (79.6) | (72.5) | (75.9) | (72.7) | (77.9) | (70.8) | (73.7) | (66.2) | (80.3) | (59.0) | (51.9) | (42.1) | (35.6) | (31.4) | (27.7) | (26.0) | (18.6) | (25.8) | (19.4) |
| EBIT | (3.4) | (2.6) | (3.6) | 3.2 | 38.8 | (12.2) | (21.8) | (18.2) | (31.2) | (60.0) | (69.6) | (71.4) | (75.0) | (75.5) | (84.6) | (32.1) | (88.2) | (93.4) | (84.8) | |||||||||||||||||||||
| Selling General & Administrative |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 18.4 | 26.3 | 39.9 | 50.9 | 71.6 | 78.8 | 64.4 | 79.6 | 69.7 | 40.3 | 24.7 | 16.8 | 12.7 | 3.8 |
| Depreciation & Amortization | - | 2.1 | 5.1 | 4.8 | 5.7 | 9.3 | 8.3 | 7.1 | 3.7 | 1.0 | 0.4 | 0.0 | 0.0 | 0.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3.2 | 3.2 | 2.0 | 0.1 | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 29.4 | 84.9 | 212.4 | 284.6 | 344.1 | 360.8 | 309.1 | 295.7 | 237.1 | 121.5 | 81.2 | 58.4 | 28.2 | 8.6 |
| 3.6 |
| 3.8 |
| 4.6 |
| 5.3 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.0) | (0.0) | 0.5 | (0.2) | (0.7) | 0.4 | 2.4 | 4.7 | 6.4 | 2.0 | 2.2 | 1.2 | 0.1 | 0.0 |
| Pre-Tax Income | (9.4) | 32.7 | (85.4) | (276.1) | (228.3) | (340.1) | (306.6) | (291.0) | (230.7) | (119.5) | (79.0) | (57.2) | (28.0) | (8.6) |
| (9.5) |
| 32.7 |
| (85.4) |
| (276.1) |
| (228.3) |
| (340.1) |
| (306.6) |
| (291.0) |
| (230.7) |
| (119.5) |
| (79.0) |
| (57.2) |
| (28.0) |
| (8.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (9.5) | 32.7 | (85.4) | (276.1) | (228.3) | (340.1) | (306.6) | (291.0) | (230.7) | (119.5) | (79.0) | (57.2) | (28.0) | (8.8) |
| Net Income Attributable To Parent | (9.5) | 32.7 | (85.4) | (276.1) | (228.3) | (340.1) | (306.6) | (291.0) | (230.7) | (119.5) | (79.0) | (57.2) | (28.0) | (8.8) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (9.5) | 32.7 | (85.4) | (276.1) | (228.3) | (340.1) | (306.6) | (291.0) | (230.7) | (119.5) | (79.0) | (57.2) | (28.0) | (8.8) |
| (0.67) |
| 2.57 |
| (11.41) |
| (65.19) |
| (2.24) |
| (3.63) |
| (4.15) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 14.1 | 12.5 | 7.5 | 4.2 | 102.0 | 93.7 | 74.0 | - | - | - | - | - | - | - |
| Shares Diluted | 14.1 | 12.7 | 7.5 | 4.2 | 102.0 | 93.7 | 74.0 | - | - | - | - | - | - | - |
| (6.3) |
| 35.9 |
| (83.4) |
| (276.0) |
| (280.5) |
| (340.5) |
| (309.1) |
| (295.7) |
| (237.1) |
| (121.5) |
| (81.2) |
| (58.4) |
| (28.2) |
| (8.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 21.8 |
| 19.8 |
| 19.4 |
| 17.7 |
| 16.1 |
| 14.8 |
| 16.4 |
| 17.0 |
| 18.1 |
| 19.0 |
| 23.3 |
| 19.2 |
| 19.6 |
| 16.9 |
| 19.2 |
| 14.0 |
| 11.0 |
| 11.1 |
| 9.6 |
| 8.6 |
| 5.3 |
| 7.1 |
| 6.5 |
| 1.6 |
| 2.5 |
| 2.3 |
| 2.3 |
| 2.2 |
| 2.1 |
| 2.2 |
| 2.1 |
| 1.9 |
| 1.8 |
| 1.8 |
| 1.8 |
| 1.6 |
| 1.5 |
| 1.2 |
| 0.7 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 95.5 |
| 101.0 |
| 90.2 |
| 87.9 |
| 81.8 |
| 81.7 |
| 74.7 |
| 78.0 |
| 74.7 |
| 79.7 |
| 72.6 |
| 75.5 |
| 67.9 |
| 81.8 |
| 60.2 |
| 52.6 |
| 42.5 |
| 35.8 |
| 31.7 |
| 27.9 |
| 26.2 |
| 18.8 |
| 25.9 |
| 19.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.1 |
| 0.2 |
| (0.1) |
| 0.4 |
| 0.4 |
| 0.5 |
| 1.2 |
| 1.2 |
| 0.7 |
| 1.2 |
| 1.6 |
| 1.8 |
| 1.9 |
| 1.7 |
| 1.0 |
| 0.5 |
| 0.6 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.6 |
| 0.6 |
| (88.1) |
| (93.3) |
| (84.7) |
| (83.8) |
| (78.3) |
| - |
| (74.3) |
| (77.5) |
| - |
| - |
| (71.9) |
| (74.3) |
| - |
| (80.1) |
| (58.4) |
| (50.9) |
| (41.4) |
| (35.3) |
| (31.1) |
| (27.4) |
| (25.7) |
| (18.2) |
| (25.4) |
| (18.9) |
| (93.3) |
| (84.7) |
| (83.8) |
| (78.3) |
| (81.3) |
| (74.3) |
| (77.5) |
| (73.5) |
| (78.5) |
| (71.9) |
| (74.3) |
| (66.3) |
| (80.0) |
| (58.4) |
| (50.9) |
| (41.4) |
| (35.3) |
| (31.1) |
| (27.4) |
| (25.7) |
| (18.2) |
| (25.4) |
| (18.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (93.3) |
| (84.7) |
| (83.8) |
| (78.3) |
| (81.3) |
| (74.3) |
| (77.5) |
| (73.5) |
| (78.5) |
| (71.9) |
| (74.3) |
| (66.3) |
| (80.0) |
| (58.4) |
| (50.9) |
| (41.4) |
| (35.3) |
| (31.1) |
| (27.4) |
| (25.7) |
| (18.2) |
| (25.4) |
| (18.9) |
| (88.1) |
| (93.3) |
| (84.7) |
| (83.8) |
| (78.3) |
| (81.3) |
| (74.3) |
| (77.5) |
| (73.5) |
| (78.5) |
| (71.9) |
| (74.3) |
| (66.3) |
| (80.0) |
| (58.4) |
| (50.9) |
| (41.4) |
| (35.3) |
| (31.1) |
| (27.4) |
| (25.7) |
| (18.2) |
| (25.4) |
| (18.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 18.5 |
| (88.1) |
| (93.3) |
| (84.7) |
| (83.8) |
| (78.3) |
| (81.3) |
| (74.3) |
| (77.5) |
| (73.5) |
| (78.5) |
| (71.9) |
| (74.3) |
| (66.3) |
| (80.0) |
| (58.4) |
| (50.9) |
| (41.4) |
| (35.3) |
| (31.1) |
| (27.4) |
| (25.7) |
| (18.2) |
| (25.4) |
| (18.9) |
| (0.90) |
| (0.91) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 93.6 |
| 92.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 93.6 |
| 92.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (84.0) |
| (78.2) |
| (81.7) |
| (74.7) |
| (78.0) |
| (74.7) |
| (79.7) |
| (72.6) |
| (75.5) |
| (67.9) |
| (81.8) |
| (60.2) |
| (52.6) |
| (42.5) |
| (35.8) |
| (31.7) |
| (27.9) |
| (26.2) |
| (18.8) |
| (25.9) |
| (19.5) |