| (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 | 26.5 | 31.5 | 21.5 | 23.4 | 21.2 | 22.4 | 20.6 | 21.5 | 17.7 | 16.5 | 15.4 | 18.5 | 15.5 | 19.0 | 19.6 | 19.2 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 102.9 | 97.6 | 82.1 | 65.9 | 73.4 | 62.6 | 46.3 | 27.6 |
| Cost of Revenue | 52.3 | 51.9 | 33.2 | 49.0 | 33.9 | 45.5 | 107.5 | 48.5 |
| Gross Profit | 50.6 | 45.7 | 48.8 | 16.9 | 39.5 | 17.1 | (61.2) | (20.9) |
| Operating Expenses | ||||||||
| Research & Development | 35.9 | 36.3 | 37.8 | 55.6 | 88.0 | 74.5 | 49.7 | 48.9 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (81.8) | (86.4) | (74.4) | (145.6) | (193.0) | (192.7) | (161.6) | (102.3) |
| Non-Operating | ||||||||
| Interest Income | 5.4 | 5.9 | 5.0 | 7.5 | 3.4 | 2.6 | 0.3 | 2.7 |
| Interest Expense | 1.4 | 1.5 | 1.3 | 0.0 | 0.0 | 0.7 | ||
| Tax & Net | ||||||||
| Income Tax Expense | 0.1 | 0.1 | (0.0) | 0.1 | 0.0 | 0.1 | 0.0 | - |
| Net Income From Continuing Ops | (75.8) | (77.1) | (72.5) | (133.7) | (168.7) | |||
| Per Share | ||||||||
| EPS Basic | (0.30) | (0.31) | (0.34) | (0.65) | (0.84) | (0.19) | (26.87) | (17.08) |
| EPS Diluted | (0.30) | (0.31) | (0.34) | (0.65) | (0.84) | (0.19) | ||
| Supplementary Data | ||||||||
| EBITDA | - | (79.7) | (65.5) | (136.9) | (187.1) | (190.6) | (160.3) | (101.5) |
| EBIT | (81.8) | (86.4) | (74.4) | (145.6) | (193.0) | (192.7) | ||
| 15.6 |
| 19.0 |
| 14.6 |
| 16.5 |
| 12.4 |
| 15.7 |
| 10.1 |
| 11.8 |
| 8.7 |
| Cost of Revenue | 8.2 | 10.3 | 25.2 | 8.5 | 7.8 | 8.6 | 8.3 | 8.9 | 7.4 | 29.1 | 6.0 | 7.6 | 6.4 | 9.4 | 8.6 | 8.6 | 7.2 | 11.4 | 19.7 | 8.3 | 6.0 | 7.0 | 79.4 | 11.6 | 9.5 |
| Gross Profit | 18.3 | 21.2 | (3.8) | 14.9 | 13.4 | 13.7 | 12.2 | 12.6 | 10.3 | (12.5) | 9.4 | 10.9 | 9.1 | 9.6 | 11.0 | 10.6 | 8.3 | 7.5 | (5.1) | 8.2 | 6.4 | 8.7 | (69.3) | 0.2 | (0.8) |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 9.5 | 9.3 | 8.7 | 8.3 | 9.9 | 8.8 | 8.8 | 9.4 | 10.7 | 11.2 | 12.1 | 15.6 | 16.7 | 19.2 | 22.0 | 23.2 | 23.6 | 20.0 | 21.7 | 17.1 | 15.7 | 13.3 | 12.0 | 11.9 | 12.5 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | 11.4 | 12.1 | 10.6 | 11.6 | 11.6 | 11.9 | 9.6 | 9.7 | 10.4 | 10.3 | 9.0 | 9.7 | 10.0 | 12.4 | 15.5 | 16.4 | 15.2 | ||||||||
| General & Administrative | 10.8 | 11.2 | 9.3 | 9.1 | 9.6 | 9.9 | 9.4 | 10.1 | 10.4 | 12.4 | 11.6 | 14.7 | 11.0 | 23.5 | 16.6 | 18.7 | 18.8 | ||||||||
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | - | - | 2.1 | - | - | - | 0.8 | ||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 32.2 | 37.9 | 31.4 | 31.0 | 31.8 | 31.0 | 29.5 | 29.8 | 32.9 | 34.2 | 41.9 | 42.2 | 44.1 | 58.6 | 57.0 | 59.0 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (13.9) | (16.7) | (35.1) | (16.1) | (18.5) | (17.3) | (17.2) | (17.2) | (22.6) | (46.7) | (32.6) | (31.3) | (35.0) | (49.0) | (46.0) | (48.5) | (49.5) | (45.3) | (57.0) | (36.7) | (53.7) | (22.2) | (91.8) | (23.1) | (24.5) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 1.2 | 1.3 | 1.4 | 1.5 | 1.7 | 1.0 | 1.2 | 1.3 | 1.5 | 1.7 | 1.9 | 2.0 | 1.8 | 1.8 | 1.3 | 0.3 | 0.0 | 0.8 | 0.9 | 0.6 | 0.2 | 0.0 | 0.0 | 0.0 | 0.2 |
| Interest Expense | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | - | - | - | - | - | 0.0 | - | - | 0.0 | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | (0.1) | (0.1) | (0.1) | 0.5 | 2.4 | (0.5) | 0.7 | (0.1) | (0.1) | 0.3 | (0.2) | (0.1) | 0.0 | 1.5 | (0.9) | (0.4) | (0.1) | ||||||||
| Pre-Tax Income | (12.7) | (15.2) | (34.0) | (13.8) | (14.0) | (18.2) | (16.9) | (15.7) | (21.8) | (44.1) | (27.4) | (28.7) | (33.5) | (33.7) | (54.7) | (35.8) | |||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | (0.1) | 0.1 | 0.0 | 0.0 | (0.0) | 0.0 | (0.0) | 0.1 | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (12.7) | (15.3) | (34.0) | (13.8) | (14.0) | (18.1) | (16.9) | (15.7) | (21.8) | (44.1) | (27.4) | (28.7) | (33.5) | (33.7) | (54.7) | (35.8) | (44.5) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (12.7) | (15.3) | (34.0) | (13.8) | (14.0) | (18.1) | (16.9) | (15.7) | (21.8) | (44.1) | (27.4) | (28.7) | (33.5) | (33.7) | (54.7) | (35.8) | (44.5) | ||||||||
| Net Income Attributable To Parent | (12.7) | (15.3) | (34.0) | (13.8) | (14.0) | (18.1) | (16.9) | (15.7) | (21.8) | (44.1) | (27.4) | (28.7) | (33.5) | (33.7) | (54.7) | (35.8) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (12.7) | (15.3) | (34.0) | (13.8) | (14.0) | (18.1) | (16.9) | (15.7) | (21.8) | (44.1) | (27.4) | (28.7) | (33.5) | (33.7) | (54.7) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.05) | - | (0.13) | (0.06) | (0.06) | - | (0.08) | (0.07) | (0.10) | - | (0.13) | (0.14) | (0.17) | - | (0.27) | (0.18) | (0.22) | - | (0.07) | (0.02) | (0.01) | - | (15.20) | - | - |
| EPS Diluted | (0.05) | - | (0.13) | (0.06) | (0.06) | - | (0.08) | (0.07) | (0.10) | - | (0.13) | (0.14) | (0.17) | - | (0.27) | (0.18) | (0.22) | - | |||||||
| Shares Basic | 256.5 | - | 252.1 | 248.4 | 234.9 | - | 212.8 | 211.7 | 208.9 | - | 206.7 | 204.9 | 202.6 | - | 200.2 | 199.4 | 199.0 | - | |||||||
| Shares Diluted | 256.5 | - | 252.1 | 248.4 | 234.9 | - | 212.8 | 211.7 | 208.9 | - | 206.7 | 204.9 | 202.6 | - | 200.2 | 199.4 | 199.0 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | (32.9) | - | - | - | (48.7) | - | - | - | (53.3) | - | - | - | (24.2) |
| EBIT | (13.9) | (16.7) | (35.1) | (16.1) | (18.5) | (17.3) | (17.2) | (17.2) | (22.6) | (46.7) | (32.6) | (31.3) | (35.0) | (49.0) | (46.0) | (48.5) | (49.5) | (45.3) | (57.0) | ||||||
| - |
| - |
| - |
| Selling & Marketing | 45.7 | 45.9 | 41.6 | 39.1 | 59.5 | 49.6 | 26.3 | 14.3 |
| General & Administrative | 40.5 | 39.2 | 39.8 | 49.6 | 77.6 | 85.7 | 24.4 | 18.2 |
| Depreciation & Amortization | - | 6.7 | 8.9 | 8.7 | 5.9 | 2.1 | 1.3 | 0.8 |
| Amortization of Intangibles | - | - | - | - | 3.3 | 0.5 | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 132.5 | 132.1 | 123.2 | 162.5 | 232.5 | 209.8 | 100.4 | 81.4 |
| 1.1 |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.3 | 2.8 | (0.0) | (0.0) | 0.1 | (2.6) | (0.2) | (0.1) |
| Pre-Tax Income | (75.7) | (77.0) | (72.5) | (133.6) | (168.7) | (32.3) | (162.7) | (99.7) |
| (32.4) |
| (162.7) |
| (99.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (75.8) | (77.1) | (72.5) | (133.7) | (168.7) | (32.4) | (162.7) | (99.7) |
| Net Income Attributable To Parent | (75.8) | (77.1) | (72.5) | (133.7) | (168.7) | (32.4) | (162.7) | (99.7) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (75.8) | (77.1) | (72.5) | (133.7) | (168.7) | (32.4) | (162.7) | (99.7) |
| (26.87) |
| (17.08) |
| Shares Basic | 256.5 | 247.1 | 211.7 | 205.4 | 199.8 | 173.8 | 6.1 | 5.8 |
| Shares Diluted | 256.5 | 247.1 | 211.7 | 205.4 | 199.8 | 173.8 | 6.1 | 5.8 |
| (161.6) |
| (102.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 15.1 |
| 14.2 |
| 10.5 |
| 9.8 |
| 8.9 |
| 5.5 |
| 6.0 |
| 5.9 |
| 17.8 |
| 16.0 |
| 17.3 |
| 34.6 |
| 8.7 |
| 5.1 |
| 5.3 |
| 5.2 |
| - |
| - |
| - |
| 0.5 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 57.9 |
| 52.8 |
| 51.9 |
| 44.9 |
| 60.2 |
| 30.9 |
| 22.6 |
| 23.2 |
| 23.7 |
| 0.0 |
| 0.0 |
| 0.6 |
| 0.7 |
| 0.3 |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.3) |
| (0.4) |
| (0.3) |
| (0.6) |
| (0.0) |
| (0.1) |
| (0.1) |
| (0.0) |
| (44.5) |
| (15.2) |
| (13.6) |
| (2.9) |
| (0.7) |
| (22.9) |
| (92.2) |
| (23.2) |
| (24.3) |
| (15.2) |
| (13.6) |
| (2.9) |
| (0.7) |
| (22.9) |
| (92.2) |
| (23.2) |
| (24.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (15.2) |
| (13.6) |
| (2.9) |
| (0.7) |
| (22.9) |
| (92.2) |
| (23.2) |
| (24.4) |
| (44.5) |
| (15.2) |
| (13.6) |
| (2.9) |
| (0.7) |
| (22.9) |
| (92.2) |
| (23.2) |
| (24.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (35.8) |
| (44.5) |
| (15.2) |
| (13.6) |
| (2.9) |
| (0.7) |
| (22.9) |
| (92.2) |
| (23.2) |
| (24.4) |
| (0.07) |
| (0.02) |
| (0.01) |
| - |
| (15.20) |
| - |
| - |
| 196.1 |
| 192.2 |
| 105.9 |
| - |
| 6.1 |
| 6.0 |
| 6.0 |
| 196.1 |
| 192.2 |
| 105.9 |
| - |
| 6.1 |
| - |
| - |
| (36.7) |
| (53.7) |
| (22.2) |
| (91.8) |
| (23.1) |
| (24.5) |