| (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 | 191.2 | 196.0 | 171.0 | 150.0 | 121.5 | 118.8 | 104.8 | 87.2 | 75.0 | 71.5 | 57.8 | 46.7 | 94.6 | - | 16.8 | 8.8 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||
| Revenues | 708.2 | 638.5 | 385.7 | 270.6 | 0.0 | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | 5.2 | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | (5.2) | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||
| Research & Development | 191.2 | 183.3 | 187.1 | 97.9 | 57.9 | 58.1 | 70.2 | 53.6 | 23.5 | 20.0 | 21.2 | 6.8 | 4.3 |
| Selling General & Administrative | |||||||||||||
| Operating Income | |||||||||||||
| Operating Income | (173.1) | (166.8) | (280.6) | (231.8) | (179.8) | (124.7) | (99.1) | (67.2) | (32.8) | (27.2) | (27.5) | (9.2) | (5.7) |
| Non-Operating | |||||||||||||
| Interest Income | 8.5 | 9.4 | 15.0 | 13.6 | 2.3 | - | - | - | - | - | - | - | - |
| Interest Expense | (18.1) | ||||||||||||
| Tax & Net | |||||||||||||
| Income Tax Expense | (0.5) | (0.5) | 0.1 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - |
| Net Income From Continuing Ops | |||||||||||||
| Per Share | |||||||||||||
| EPS Basic | (3.68) | (3.68) | (5.99) | (5.27) | (4.60) | (3.47) | (2.77) | - | - | - | - | - | - |
| EPS Diluted | (3.68) | ||||||||||||
| Supplementary Data | |||||||||||||
| EBITDA | - | (166.3) | (280.0) | (231.4) | (179.5) | (124.6) | (99.1) | (67.2) | (32.8) | (27.1) | (27.5) | (9.2) | - |
| EBIT | (173.1) | ||||||||||||
| - |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.9 | 1.0 | - | - | - | 1.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.9 | 7.8 | - | - | - | (1.0) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 52.7 | 48.8 | 40.2 | 49.5 | 44.8 | 55.0 | 45.4 | 49.9 | 36.8 | 30.8 | 28.8 | 20.6 | 17.8 | 14.7 | 14.9 | 15.8 | 12.6 | 13.8 | 13.2 | 14.5 | 16.6 | 17.4 | 14.8 | 10.5 | 27.5 | 19.2 | 15.8 | 11.0 | 7.6 | 7.2 | 6.0 | 5.6 | 4.8 | 4.5 | 4.5 | 5.0 | 6.0 | 5.8 | 5.6 | 5.3 |
| Selling General & Administrative | 185.0 | 169.3 | 150.2 | 130.3 | 120.8 | 113.3 | 95.6 | 103.6 | 99.0 | 86.8 | 83.2 | 78.9 | 74.2 | 61.5 | 40.9 | 31.2 | ||||||||||||||||||||||||
| Selling & Marketing | 146.4 | 134.5 | 114.2 | 99.4 | 92.3 | 79.4 | 68.2 | 74.6 | 71.2 | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 22.0 | 18.7 | 19.7 | 13.2 | 11.7 | 17.8 | 11.6 | 12.7 | 12.2 | - | - | - | - | - | - | - | 25.7 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.1 | - | - | - | 0.1 | - | - | - | 0.1 | - | - | - | 0.1 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | - | 1.6 | 0.9 | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 254.6 | 223.0 | 217.1 | 186.8 | 178.4 | 191.4 | 167.4 | 165.2 | 142.3 | 169.8 | 119.9 | 111.8 | 101.0 | 84.3 | 59.3 | 48.0 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (63.4) | (27.0) | (46.1) | (36.7) | (57.0) | (72.6) | (62.6) | (78.0) | (67.3) | (98.3) | (62.1) | (65.1) | (6.4) | (59.9) | (42.4) | (39.2) | (38.3) | (32.6) | (33.4) | (30.8) | (27.8) | (27.7) | (21.1) | (17.8) | (32.5) | (24.4) | (18.9) | (13.4) | (10.4) | (9.5) | (8.2) | (8.0) | (7.2) | (6.4) | (6.3) | (6.8) | (7.7) | (7.6) | (7.2) | (6.8) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 1.9 | 2.0 | 2.3 | 2.3 | 2.8 | 3.2 | 3.7 | 3.8 | 4.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 3.1 | (13.7) | (3.4) | (4.1) | 5.3 | (5.4) | (5.7) | (5.1) | (5.4) | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Pre-Tax Income | (64.5) | (28.1) | (47.2) | (48.9) | (59.4) | (74.8) | (64.6) | (79.3) | (68.4) | (99.0) | (62.9) | (67.8) | (8.6) | (61.2) | (44.8) | (41.4) | ||||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.4 | 0.0 | (1.0) | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | (0.3) | (0.7) | (0.6) | 2.6 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | - | - | (0.2) | - | - | - | (0.2) | - | - | - | - | - |
| Net Income From Continuing Ops | (64.5) | (28.6) | (47.2) | (48.0) | (59.4) | (74.9) | (64.6) | (79.3) | (68.4) | (98.7) | (62.2) | (67.2) | (11.2) | (61.2) | (44.8) | (41.4) | (39.6) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (64.5) | (28.6) | (47.2) | (48.0) | (59.4) | (74.9) | (64.6) | (79.3) | (68.4) | (98.7) | (62.2) | (67.2) | (11.2) | (61.2) | (44.8) | (41.4) | (39.6) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (64.5) | (28.6) | (47.2) | (48.0) | (59.4) | (74.9) | (64.6) | (79.3) | (68.4) | (98.7) | (62.2) | (67.2) | (11.2) | (61.2) | (44.8) | (41.4) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (64.5) | (28.6) | (47.2) | (48.0) | (59.4) | (74.9) | (64.6) | (79.3) | (68.4) | (98.7) | (62.2) | (67.2) | (11.2) | (61.2) | (44.8) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (1.26) | - | (0.94) | (0.97) | (1.22) | - | (1.34) | (1.67) | (1.44) | - | (1.32) | (1.54) | (0.26) | - | (1.07) | (1.06) | (1.06) | - | (0.93) | (0.86) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (1.26) | - | (0.94) | (0.97) | (1.22) | - | (1.34) | (1.67) | (1.44) | - | (1.32) | (1.54) | (0.26) | - | (1.07) | (1.06) | (1.06) | - | ||||||||||||||||||||||
| Shares Basic | 51.2 | - | 50.0 | 49.4 | 48.9 | - | 48.1 | 47.6 | 47.4 | - | 47.1 | 43.7 | 43.5 | - | 41.7 | 39.1 | 38.3 | - | ||||||||||||||||||||||
| Shares Diluted | 51.2 | - | 50.0 | 49.4 | 48.9 | - | 48.1 | 47.6 | 47.4 | - | 47.1 | 43.7 | 43.5 | - | 41.7 | 39.1 | 38.3 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (63.2) | - | - | - | (56.8) | - | - | - | (67.1) | - | - | - | (6.3) | - | - | - | (38.3) | - | - | - | (27.8) | - | - | - | (32.5) | - | - | - | (10.4) | - | - | - | (7.2) | - | - | - | (7.7) | - | - | - |
| EBIT | (63.4) | (27.0) | (46.1) | (36.7) | (57.0) | (72.6) | (62.6) | (78.0) | (67.3) | (98.3) | (62.1) | (65.1) | (6.4) | (59.9) | (42.4) | (39.2) | (38.3) | (32.6) | (33.4) | |||||||||||||||||||||
| 634.8 |
| 570.6 |
| 411.4 |
| 323.1 |
| 159.3 |
| 66.6 |
| 28.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 494.6 | 440.4 | 293.4 | 237.2 | 104.7 | - | - | - | - | - | - | - | - |
| General & Administrative | 73.6 | 63.3 | 54.2 | 37.4 | 25.5 | 66.6 | 28.9 | 13.6 | 9.4 | 7.2 | 6.3 | 2.4 | 1.4 |
| Depreciation & Amortization | - | 0.5 | 0.5 | 0.5 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - |
| Amortization of Intangibles | 6.4 | 6.4 | 6.4 | 6.4 | 4.1 | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 881.4 | 805.3 | 666.3 | 502.4 | 229.8 | 124.7 | 99.1 | 67.2 | 32.8 | 27.2 | 27.5 | 9.2 | 5.7 |
| (15.9) |
| (21.6) |
| (20.0) |
| (9.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pre-Tax Income | (188.8) | (183.7) | (287.1) | (238.3) | (187.1) | (130.4) | - | - | - | - | - | - | - |
| (188.3) |
| (183.2) |
| (287.2) |
| (239.2) |
| (187.1) |
| (130.4) |
| (102.9) |
| (68.3) |
| (31.0) |
| (28.9) |
| (27.2) |
| (12.2) |
| (6.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (188.3) | (183.2) | (287.2) | (239.2) | (187.1) | (130.4) | (102.9) | (68.3) | (31.0) | (28.9) | (27.2) | (12.2) | (6.0) |
| Net Income Attributable To Parent | (188.3) | (183.2) | (287.2) | (239.2) | (187.1) | (130.4) | (102.9) | (68.3) | (31.0) | (28.9) | (27.2) | (12.2) | (6.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (188.3) | (183.2) | (287.2) | (239.2) | (187.1) | (130.4) | (102.9) | (68.3) | (31.0) | (28.9) | (27.2) | (12.2) | (6.0) |
| (3.68) |
| (5.99) |
| (5.27) |
| (4.60) |
| (3.47) |
| (2.77) |
| - |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 51.2 | 49.7 | 47.9 | 45.4 | 40.7 | 37.6 | 37.2 | - | - | - | - | - | - |
| Shares Diluted | 51.2 | 49.7 | 47.9 | 45.4 | 40.7 | 37.6 | 37.2 | - | - | - | - | - | - |
| (166.8) |
| (280.6) |
| (231.8) |
| (179.8) |
| (124.7) |
| (99.1) |
| (67.2) |
| (32.8) |
| (27.2) |
| (27.5) |
| (9.2) |
| (5.7) |
| 25.7 |
| - |
| 20.2 |
| 16.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 18.8 |
| 20.2 |
| 16.3 |
| 11.2 |
| 10.4 |
| 6.3 |
| 7.2 |
| 5.0 |
| 5.2 |
| 3.1 |
| 2.4 |
| 2.8 |
| 2.3 |
| 2.2 |
| 2.4 |
| 2.4 |
| 2.0 |
| 1.8 |
| 1.7 |
| 1.7 |
| 1.8 |
| 1.6 |
| 1.5 |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 38.3 |
| 32.6 |
| 33.4 |
| 30.8 |
| 27.8 |
| 27.7 |
| 21.1 |
| 17.8 |
| 32.5 |
| 24.4 |
| 18.9 |
| 13.4 |
| 10.4 |
| 9.5 |
| 8.2 |
| 8.0 |
| 7.2 |
| 6.4 |
| 6.3 |
| 6.8 |
| 7.7 |
| 7.6 |
| 7.2 |
| 6.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (39.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (34.0) |
| (34.9) |
| (32.3) |
| (29.3) |
| (29.2) |
| (22.9) |
| (18.3) |
| (32.5) |
| (24.8) |
| (19.1) |
| (13.8) |
| (10.6) |
| (9.6) |
| (8.3) |
| (8.3) |
| (4.8) |
| (7.4) |
| (6.4) |
| (7.1) |
| (8.0) |
| (7.3) |
| (7.2) |
| (6.8) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (34.0) |
| (34.9) |
| (32.3) |
| (29.3) |
| (29.2) |
| (22.9) |
| (18.3) |
| (32.5) |
| (24.8) |
| (19.1) |
| (13.8) |
| (10.6) |
| (9.6) |
| (8.3) |
| (8.3) |
| (4.8) |
| (7.4) |
| (6.4) |
| (7.1) |
| (8.0) |
| (7.3) |
| (7.2) |
| (6.8) |
| (39.6) |
| (34.0) |
| (34.9) |
| (32.3) |
| (29.3) |
| (29.2) |
| (22.9) |
| (18.3) |
| (32.5) |
| (24.8) |
| (19.1) |
| (13.8) |
| (10.6) |
| (9.6) |
| (8.3) |
| (8.3) |
| (4.8) |
| (7.4) |
| (6.4) |
| (7.1) |
| (8.0) |
| (7.3) |
| (7.2) |
| (6.8) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (41.4) |
| (39.6) |
| (34.0) |
| (34.9) |
| (32.3) |
| (29.3) |
| (29.2) |
| (22.9) |
| (18.3) |
| (32.5) |
| (24.8) |
| (19.1) |
| (13.8) |
| (10.6) |
| (9.6) |
| (8.3) |
| (8.3) |
| (4.8) |
| (7.4) |
| (6.4) |
| (7.1) |
| (8.0) |
| (7.3) |
| (7.2) |
| (6.8) |
| (0.93) |
| (0.86) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 37.7 |
| 37.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 37.7 |
| 37.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (30.8) |
| (27.8) |
| (27.7) |
| (21.1) |
| (17.8) |
| (32.5) |
| (24.4) |
| (18.9) |
| (13.4) |
| (10.4) |
| (9.5) |
| (8.2) |
| (8.0) |
| (7.2) |
| (6.4) |
| (6.3) |
| (6.8) |
| (7.7) |
| (7.6) |
| (7.2) |
| (6.8) |