| (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 | 15.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.5 | 6.5 | 6.2 | 17.1 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | - | 0.0 | 15.0 | 0.8 | 44.7 | 0.3 | 4.8 |
| Cost of Revenue | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - |
| Operating Expenses | |||||||
| Research & Development | 20.9 | 25.6 | 42.2 | 44.9 | 42.4 | 20.4 | 14.4 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (56.0) | (70.6) | (68.0) | (83.9) | (4.0) | (45.2) | (20.0) |
| Non-Operating | |||||||
| Interest Income | 1.8 | 2.0 | 2.7 | 2.9 | 3.1 | 0.0 | 0.0 |
| Interest Expense | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 2.7 | 3.6 |
| Tax & Net | |||||||
| Income Tax Expense | (0.2) | (0.2) | (0.0) | (3.1) | (4.5) | (0.0) | 0.1 |
| Net Income From Continuing Ops | (52.3) | (66.5) | (61.2) | (73.4) | 5.3 | (51.1) | |
| Per Share | |||||||
| EPS Basic | (1.28) | (1.64) | (1.55) | (1.91) | 0.14 | (1.96) | (2.24) |
| EPS Diluted | (1.28) | (1.64) | (1.55) | (1.91) | 0.14 | (1.96) | (2.24) |
| Supplementary Data | |||||||
| EBITDA | (51.4) | (64.7) | (62.2) | (78.5) | 0.3 | (44.6) | (19.8) |
| EBIT | (56.0) | (70.6) | (68.0) | (83.9) | (4.0) | (45.2) | (20.0) |
| 15.0 |
| (0.0) |
| 0.0 |
| 0.0 |
| 0.2 |
| 0.4 |
| 3.3 |
| 0.5 |
| 0.7 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 3.6 | 3.9 | 5.4 | 8.0 | 8.3 | 8.3 | 11.1 | 11.7 | 11.1 | 6.4 | 15.1 | 13.5 | 9.8 | 12.2 | 9.7 | 9.7 | 10.7 | 6.9 | 4.4 | 4.5 | 4.6 | 2.6 | 3.7 | 3.9 | 4.2 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| General & Administrative | 2.5 | 7.6 | 5.2 | 15.4 | 12.6 | 3.1 | 13.4 | 7.2 | 6.0 | 13.6 | 1.0 | 13.1 | 12.1 | - | - | - | 3.7 | ||||||||
| Depreciation & Amortization | 0.9 | 2.5 | 0.1 | 1.2 | 2.0 | 3.0 | 0.7 | 0.7 | 1.4 | 3.0 | 0.7 | 0.5 | 1.2 | 2.8 | 0.4 | 0.2 | |||||||||
| Amortization of Intangibles | 0.6 | 0.6 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 6.1 | 11.6 | 15.2 | 23.3 | 20.9 | 23.6 | 24.6 | 18.9 | 17.1 | 20.0 | 16.1 | 26.7 | 22.0 | 31.6 | (1.1) | 3.8 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (6.1) | (11.6) | (15.1) | (23.3) | (20.6) | (23.4) | (9.4) | (18.3) | (16.9) | (20.0) | (16.1) | (26.3) | (21.5) | (25.2) | 7.2 | 13.2 | 0.7 | (16.7) | (5.5) | (16.8) | (6.2) | (9.6) | (1.4) | (4.3) | (4.6) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.8 | 0.6 | 0.2 | 0.5 | 1.6 | 1.3 | 1.0 | 0.7 | 0.1 | - | - | - | 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 | 0.0 | 0.0 | - | - | - | 0.1 | - | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | 0.5 | 0.4 | 0.4 | 2.2 | 0.9 | 2.8 | 1.2 | 1.3 | 1.4 | 1.9 | 1.4 | 1.4 | 2.7 | 2.0 | 0.3 | 1.5 | 1.1 | ||||||||
| Pre-Tax Income | (5.6) | (11.2) | (14.6) | (21.2) | (19.7) | (20.6) | (8.1) | (17.0) | (15.6) | (18.1) | (14.7) | (25.0) | (18.7) | (23.2) | 7.5 | 14.8 | |||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | (0.0) | (0.1) | (0.1) | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) | (0.8) | (0.6) | (1.1) | (0.5) | (2.0) | (0.7) | (0.9) | (0.9) | 0.0 | (0.0) | 0.0 | (0.1) | - | - | - | - |
| Net Income From Continuing Ops | (5.5) | (11.1) | (14.6) | (21.1) | (19.7) | (20.6) | (8.1) | (16.9) | (15.5) | (17.3) | (14.1) | (23.8) | (18.2) | (21.2) | 8.2 | 15.7 | 2.6 | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (5.5) | (11.1) | (14.6) | (21.1) | (19.7) | (20.6) | (8.1) | (16.9) | (15.5) | (17.3) | (14.1) | (23.8) | (18.2) | (21.2) | 8.2 | 15.7 | 2.6 | ||||||||
| Net Income Attributable To Parent | (5.5) | (11.1) | (14.6) | (21.1) | (19.6) | (20.5) | (8.1) | (16.9) | (15.5) | (17.3) | (14.1) | (23.8) | (18.2) | (21.2) | 8.2 | 15.7 | |||||||||
| Less: Minority Interest | (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) | (0.0) | (0.0) | ||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (5.5) | (11.1) | (14.6) | (21.1) | (19.6) | (20.5) | (8.1) | (16.9) | (15.5) | (17.3) | (14.1) | (23.8) | (18.2) | (21.2) | 8.2 | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.14) | - | (0.36) | (0.52) | (0.49) | - | (0.21) | (0.43) | (0.40) | - | (0.37) | (0.62) | (0.48) | - | 0.22 | 0.42 | 0.07 | - | (0.13) | (0.64) | (1.90) | - | 0.02 | - | - |
| EPS Diluted | (0.14) | - | (0.36) | (0.52) | (0.49) | - | (0.21) | (0.43) | (0.40) | - | (0.37) | (0.62) | (0.48) | - | 0.22 | 0.41 | 0.07 | - | |||||||
| Shares Basic | 40.8 | - | 40.7 | 40.3 | 40.3 | - | 39.4 | 39.0 | 38.8 | - | 38.5 | 38.4 | 38.0 | - | 37.2 | 37.2 | 37.2 | - | |||||||
| Shares Diluted | 40.8 | - | 40.7 | 40.3 | 40.3 | - | 39.4 | 39.0 | 38.8 | - | 38.5 | 38.4 | 38.0 | - | 38.2 | 38.2 | 38.3 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (5.2) | (9.1) | (15.0) | (22.1) | (18.6) | (20.4) | (8.7) | (17.6) | (15.5) | (17.0) | (15.4) | (25.8) | (20.3) | (22.4) | 7.6 | 13.4 | 1.6 | - | - | - | (6.1) | - | - | - | (4.6) |
| EBIT | (6.1) | (11.6) | (15.1) | (23.3) | (20.6) | (23.4) | (9.4) | (18.3) | (16.9) | (20.0) | (16.1) | (26.3) | (21.5) | (25.2) | 7.2 | 13.2 | 0.7 | (16.7) | (5.5) | ||||||
| - |
| Selling & Marketing | - | - | - | - | - | - | - |
| General & Administrative | 30.7 | 40.8 | 29.7 | 39.8 | 6.4 | 25.1 | 10.5 |
| Depreciation & Amortization | 4.7 | 5.8 | 5.8 | 5.4 | 4.3 | 0.6 | 0.2 |
| Amortization of Intangibles | 2.8 | 3.0 | 3.2 | 3.2 | 3.2 | 0.2 | 0.0 |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 56.3 | 71.1 | 84.1 | 84.7 | 48.7 | 45.5 | 24.9 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | 3.5 | 3.9 | 6.7 | 7.4 | 4.9 | (5.9) | 2.2 |
| Pre-Tax Income | (52.5) | (66.6) | (61.2) | (76.5) | 0.9 | (51.1) | - |
| (17.9) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (52.3) | (66.5) | (61.2) | (73.4) | 5.3 | (51.1) | (17.9) |
| Net Income Attributable To Parent | (52.3) | (66.4) | (61.1) | (73.3) | 5.3 | (50.9) | (17.7) |
| Less: Minority Interest | (0.0) | (0.0) | (0.1) | (0.1) | (0.0) | (0.2) | (0.2) |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (52.3) | (66.4) | (61.1) | (73.3) | 5.3 | (50.9) | (17.7) |
| Shares Basic | 40.8 | 40.5 | 39.3 | 38.4 | 37.2 | 25.9 | 7.9 |
| Shares Diluted | 40.8 | 40.5 | 39.3 | 38.4 | 38.2 | 25.9 | 7.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 9.8 |
| 1.2 |
| 12.4 |
| 1.8 |
| 7.4 |
| 1.0 |
| 1.0 |
| 1.1 |
| 1.0 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 14.4 |
| 16.7 |
| 5.6 |
| 16.9 |
| 6.4 |
| 10.0 |
| 4.7 |
| 4.8 |
| 5.4 |
| - |
| - |
| 2.7 |
| - |
| 1.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.5 |
| 1.0 |
| 0.9 |
| (9.3) |
| (0.8) |
| 1.6 |
| 0.7 |
| 0.7 |
| 1.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (15.2) |
| (4.6) |
| (16.0) |
| (15.4) |
| (10.5) |
| 0.2 |
| (3.7) |
| (4.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (15.2) |
| (4.6) |
| (16.0) |
| (15.4) |
| (10.5) |
| 0.2 |
| (3.7) |
| (4.0) |
| 2.6 |
| (15.1) |
| (4.6) |
| (15.9) |
| (15.3) |
| (10.5) |
| 0.2 |
| (3.6) |
| (3.8) |
| (0.1) |
| (0.0) |
| (0.1) |
| (0.1) |
| (0.1) |
| 0.0 |
| (0.1) |
| (0.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 15.7 |
| 2.6 |
| (15.1) |
| (4.6) |
| (15.9) |
| (15.3) |
| (10.5) |
| 0.2 |
| (3.6) |
| (3.8) |
| (0.13) |
| (0.64) |
| (1.90) |
| - |
| 0.01 |
| - |
| - |
| 34.8 |
| 24.9 |
| 8.1 |
| - |
| 7.9 |
| - |
| - |
| 34.8 |
| 24.9 |
| 8.1 |
| - |
| 15.9 |
| - |
| - |
| (16.8) |
| (6.2) |
| (9.6) |
| (1.4) |
| (4.3) |
| (4.6) |