| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - | 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 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | - | - | - | - | - | 0.3 | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||
| Research & Development | 35.8 | 43.6 | 63.1 | 103.7 | 79.3 | 58.3 | 19.9 | 25.9 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (51.0) | (59.3) | (73.9) | (129.7) | (108.1) | (96.4) | (30.1) | (28.3) |
| Non-Operating | ||||||||
| Interest Income | 0.5 | 0.8 | 3.4 | 6.3 | 1.6 | 0.4 | 0.1 | 0.1 |
| Interest Expense | - | - | - | - | 0.0 | 0.0 | ||
| Tax & Net | ||||||||
| Income Tax Expense | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | (50.6) | (59.6) | (69.8) | (123.5) | (106.5) | |||
| Per Share | ||||||||
| EPS Basic | (33.71) | (1.01) | (1.44) | (2.58) | (2.74) | (2.76) | - | - |
| EPS Diluted | (33.71) | (1.01) | (1.44) | (2.58) | (2.74) | (2.76) | ||
| Supplementary Data | ||||||||
| EBITDA | - | (58.9) | (73.0) | (128.5) | (106.9) | (95.1) | (29.1) | (27.4) |
| EBIT | (51.0) | (59.3) | (73.9) | (129.7) | (108.1) | (96.4) | ||
| 0.0 |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 4.6 | 8.0 | 9.5 | 13.7 | 12.4 | 11.7 | 16.4 | 16.2 | 18.9 | 22.7 | 28.4 | 31.0 | 21.7 | 21.9 | 19.8 | 20.7 | 16.9 | 16.4 | 16.6 | 14.9 | 10.4 | 10.5 | 4.9 | 2.9 | 1.7 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| General & Administrative | 4.7 | 3.3 | 4.3 | 5.0 | 5.3 | 4.6 | 5.9 | 5.8 | 5.6 | 5.9 | 6.6 | 6.2 | 7.2 | 6.7 | 6.3 | 8.3 | 7.4 | ||||||||
| Depreciation & Amortization | 0.1 | - | - | - | 0.2 | - | - | - | 0.2 | - | - | - | 0.3 | - | - | - | |||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 9.3 | 11.3 | 13.8 | 18.6 | 17.6 | 16.2 | 22.3 | 22.0 | 24.5 | 28.5 | 35.0 | 37.2 | 28.9 | 28.6 | 26.2 | 29.1 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (9.3) | (9.3) | (13.8) | (18.6) | (17.6) | (16.2) | (11.3) | (22.0) | (24.5) | (28.5) | (35.0) | (37.2) | (28.9) | (28.6) | (26.2) | (29.1) | (24.3) | (23.5) | (23.7) | (30.5) | (18.8) | (16.5) | (8.0) | (4.5) | (1.1) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 0.0 | 0.1 | 0.1 | 0.2 | 0.4 | 0.6 | 0.7 | 0.9 | 1.2 | 1.6 | 1.7 | 1.5 | 1.5 | 1.0 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | 3.0 | (0.5) | (2.0) | (0.1) | 2.3 | 1.4 | 0.7 | 0.9 | 1.2 | 1.6 | 1.7 | 1.4 | 1.5 | 1.0 | 0.4 | 0.1 | 0.1 | ||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (6.3) | (9.8) | (15.8) | (18.7) | (15.3) | (14.9) | (10.6) | (21.1) | (23.2) | (26.9) | (33.3) | (35.8) | (27.5) | (27.5) | (25.8) | (28.9) | (24.3) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (6.3) | (9.8) | (15.8) | (18.7) | (15.3) | (14.9) | (10.6) | (21.1) | (23.2) | (26.9) | (33.3) | (35.8) | (27.5) | (27.5) | (25.8) | (28.9) | (24.3) | ||||||||
| Net Income Attributable To Parent | (6.3) | (9.8) | (15.8) | (18.7) | (15.3) | (14.9) | (10.6) | (21.1) | (23.2) | (26.9) | (33.3) | (35.8) | (27.5) | (27.5) | (25.8) | (28.9) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (6.3) | (9.8) | (15.8) | (18.7) | (15.3) | (14.9) | (10.6) | (21.1) | (23.2) | (26.9) | (33.3) | (35.8) | (27.5) | (27.5) | (25.8) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (4.22) | - | (0.27) | (0.32) | (13.16) | - | (0.22) | (0.44) | (0.48) | - | (0.70) | (0.75) | (0.58) | - | (0.69) | (0.77) | (0.65) | - | (0.68) | (0.90) | - | - | - | - | - |
| EPS Diluted | (4.22) | - | (0.27) | (0.32) | (13.16) | - | (0.22) | (0.44) | (0.48) | - | (0.70) | (0.75) | (0.58) | - | (0.69) | (0.77) | (0.65) | - | |||||||
| Shares Basic | 1.5 | - | 58.7 | 58.5 | 1.2 | - | 48.3 | 48.2 | 48.1 | - | 47.8 | 47.7 | 47.6 | - | 37.5 | 37.4 | 37.3 | - | |||||||
| Shares Diluted | 1.5 | - | 58.7 | 58.5 | 1.2 | - | 48.3 | 48.2 | 48.1 | - | 47.8 | 47.7 | 47.6 | - | 37.5 | 37.4 | 37.3 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (9.2) | - | - | - | (17.4) | - | - | - | (24.2) | - | - | - | (28.6) | - | - | - | (24.0) | - | - | - | (18.5) | - | - | - | (0.9) |
| EBIT | (9.3) | (9.3) | (13.8) | (18.6) | (17.6) | (16.2) | (11.3) | (22.0) | (24.5) | (28.5) | (35.0) | (37.2) | (28.9) | (28.6) | (26.2) | (29.1) | (24.3) | (23.5) | (23.7) | ||||||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 17.2 | 17.7 | 21.8 | 26.0 | 28.8 | 38.4 | 10.6 | 7.5 |
| Depreciation & Amortization | - | 0.4 | 0.9 | 1.2 | 1.2 | 1.3 | 1.0 | 0.9 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 53.0 | 61.3 | 84.9 | 129.7 | 108.1 | 96.7 | 30.5 | 33.5 |
| 1.4 |
| 1.6 |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.4 | (0.3) | 4.2 | 6.2 | 1.7 | 1.0 | (5.8) | (1.6) |
| Pre-Tax Income | - | - | - | - | - | - | - | - |
| (95.4) |
| (35.9) |
| (29.9) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (50.6) | (59.6) | (69.8) | (123.5) | (106.5) | (95.4) | (35.9) | (29.9) |
| Net Income Attributable To Parent | (50.6) | (59.6) | (69.8) | (123.5) | (106.5) | (95.4) | (35.9) | (29.9) |
| Less: Minority Interest | - | - | - | - | - | 0.0 | 0.0 | (0.1) |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (50.6) | (59.6) | (69.8) | (123.5) | (106.5) | (95.4) | (35.9) | (29.9) |
| - |
| - |
| Shares Basic | 1.5 | 58.8 | 48.6 | 47.8 | 38.9 | 34.6 | - | - |
| Shares Diluted | 1.5 | 58.8 | 48.6 | 47.8 | 38.9 | 34.6 | - | - |
| (30.1) |
| (28.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.0 |
| 7.1 |
| 15.9 |
| 8.4 |
| 5.0 |
| 3.3 |
| 1.8 |
| 0.5 |
| 0.3 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 24.3 |
| 23.5 |
| 23.7 |
| 30.7 |
| 18.8 |
| 16.5 |
| 8.2 |
| 4.7 |
| 1.2 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.8 |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.8 |
| 0.1 |
| 0.1 |
| 0.1 |
| (3.6) |
| (1.7) |
| (0.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (23.4) |
| (22.9) |
| (30.4) |
| (18.7) |
| (16.4) |
| (11.6) |
| (6.2) |
| (1.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (23.4) |
| (22.9) |
| (30.4) |
| (18.7) |
| (16.4) |
| (11.6) |
| (6.2) |
| (1.6) |
| (24.3) |
| (23.4) |
| (22.9) |
| (30.4) |
| (18.7) |
| (16.4) |
| (11.6) |
| (6.2) |
| (1.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.9) |
| (24.3) |
| (23.4) |
| (22.9) |
| (30.4) |
| (18.7) |
| (16.4) |
| (11.6) |
| (6.2) |
| (1.6) |
| (0.68) |
| (0.90) |
| - |
| - |
| - |
| - |
| - |
| 33.9 |
| 33.7 |
| - |
| - |
| - |
| - |
| - |
| 33.9 |
| 33.7 |
| - |
| - |
| - |
| - |
| - |
| (30.5) |
| (18.8) |
| (16.5) |
| (8.0) |
| (4.5) |
| (1.1) |