| (in millions of USD, except per-share data) | Q1 FY 27 | Q4 FY 26 | Q3 FY 26 | Q2 FY 26 | 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 | Q3 FY 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||
| Revenues | 211.0 | 205.2 | 190.8 | 180.1 | 162.1 | 160.4 | 152.1 | 145.5 | 135.5 | 131.0 | 124.0 | 115.1 | 101.8 | 98.7 | 93.1 | 86.1 | ||||||
| (in millions of USD, except per-share data) | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 787.1 | 738.2 | 593.4 | 471.8 | 355.4 | 238.0 | 150.2 | 96.4 |
| Cost of Revenue | 264.0 | 242.5 | 183.2 | 147.5 | 115.8 | 78.5 | 54.5 | 35.7 |
| Gross Profit | 523.1 | 495.7 | 410.2 | 324.3 | 239.6 | 159.5 | 95.7 | 60.7 |
| Operating Expenses | ||||||||
| Research & Development | 176.4 | 167.1 | 134.0 | 119.9 | 97.3 | 59.0 | 29.2 | 20.3 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (132.0) | (144.8) | (122.2) | (144.7) | (148.1) | (78.2) | (32.2) | (33.5) |
| Non-Operating | ||||||||
| Interest Income | 13.0 | 14.8 | 18.1 | 13.5 | 7.4 | 0.5 | 1.2 | 1.7 |
| Interest Expense | - | - | - | - | - | - | ||
| Tax & Net | ||||||||
| Income Tax Expense | 3.0 | 2.6 | 3.4 | 2.0 | 0.6 | (0.2) | 0.5 | 0.5 |
| Net Income From Continuing Ops | (120.6) | (130.8) | (104.0) | (130.4) | (140.7) | |||
| Per Share | ||||||||
| EPS Basic | (1.10) | (1.22) | (1.02) | (1.32) | (1.47) | (2.20) | (1.77) | (1.96) |
| EPS Diluted | (1.10) | (1.22) | (1.02) | (1.32) | (1.47) | (2.20) | ||
| Supplementary Data | ||||||||
| EBITDA | (109.0) | (125.4) | (112.0) | (137.7) | (143.5) | (75.4) | (30.6) | (32.9) |
| EBIT | (132.0) | (144.8) | (122.2) | (144.7) | (148.1) | (78.2) | ||
| 77.5 |
| 70.4 |
| 64.0 |
| 55.8 |
| 47.9 |
| 39.3 |
| Cost of Revenue | 72.3 | 70.8 | 62.6 | 58.2 | 50.9 | 49.3 | 45.9 | 43.4 | 44.5 | 43.0 | 36.4 | 35.5 | 32.7 | 33.4 | 29.1 | 27.4 | 25.9 | 24.8 | 19.2 | 18.8 | 15.8 | 14.4 |
| Gross Profit | 138.7 | 134.4 | 128.2 | 121.9 | 111.2 | 111.1 | 106.1 | 102.1 | 90.9 | 88.0 | 87.6 | 79.6 | 69.1 | 65.3 | 64.0 | 58.8 | 51.6 | 45.7 | 44.8 | 37.0 | 32.1 | 24.9 |
| Operating Expenses | ||||||||||||||||||||||
| Research & Development | 46.1 | 45.0 | 44.1 | 41.3 | 36.8 | 33.6 | 32.9 | 33.1 | 34.4 | 31.1 | 29.9 | 29.1 | 29.7 | 26.8 | 25.6 | 23.3 | 21.6 | 22.9 | 12.7 | 11.6 | 11.8 | 7.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Selling & Marketing | 89.2 | 81.7 | 88.6 | 82.6 | 74.1 | 69.3 | 74.7 | 68.6 | 69.8 | 63.1 | 66.4 | 60.4 | 57.3 | 52.8 | 52.8 | 50.0 | 46.0 | |||||
| General & Administrative | 30.9 | 35.9 | 33.1 | 36.8 | 40.5 | 29.8 | 31.2 | 28.3 | 26.8 | 26.1 | 26.4 | 25.5 | 24.0 | 22.2 | 22.4 | 20.5 | 23.6 | |||||
| Depreciation & Amortization | 6.3 | 11.2 | 2.9 | 2.6 | 2.6 | 2.9 | 2.7 | 2.4 | 2.1 | 2.8 | 1.1 | 1.5 | 1.5 | 1.8 | 1.0 | 0.9 | ||||||
| Amortization of Intangibles | 3.0 | 3.0 | 3.1 | 2.0 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.3 | 0.2 | 0.1 | 0.0 | - | 0.0 | 0.0 | - | |||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Total Operating Expenses | 166.2 | 162.6 | 165.8 | 160.6 | 151.4 | 132.6 | 138.7 | 130.0 | 131.0 | 120.3 | 122.7 | 115.0 | 111.0 | 101.8 | 100.9 | 93.9 | ||||||
| Operating Income | ||||||||||||||||||||||
| Operating Income | (27.5) | (28.2) | (37.5) | (38.8) | (40.2) | (21.6) | (32.6) | (28.0) | (40.1) | (32.3) | (35.1) | (35.4) | (41.9) | (36.5) | (36.9) | (35.1) | (39.6) | (42.6) | (10.4) | (12.2) | (13.0) | (8.8) |
| Non-Operating | ||||||||||||||||||||||
| Interest Income | 3.0 | 3.1 | 3.1 | 3.7 | 4.8 | 4.8 | 4.7 | 4.5 | 4.2 | 3.8 | 3.5 | 3.2 | 2.9 | 2.6 | 2.4 | 2.0 | 0.4 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Other Non-Operating Income | 3.5 | 3.6 | 3.4 | 4.0 | 5.7 | 5.6 | 5.3 | 5.5 | 5.2 | 4.4 | 4.5 | 3.9 | 3.5 | 3.6 | 2.6 | 1.7 | 0.0 | |||||
| Pre-Tax Income | (24.1) | (24.7) | (34.1) | (34.8) | (34.6) | (16.0) | (27.3) | (22.4) | (34.9) | (27.9) | (30.6) | (31.5) | (38.4) | (32.9) | (34.3) | (33.4) | ||||||
| Tax & Net | ||||||||||||||||||||||
| Income Tax Expense | 1.4 | 6.9 | 1.7 | (7.0) | 1.1 | 1.1 | 0.9 | 0.7 | 0.8 | 0.6 | 0.4 | 0.5 | 0.4 | 0.9 | (0.4) | 0.0 | 0.0 | 1.1 | (1.6) | 0.2 | 0.2 | 0.1 |
| Net Income From Continuing Ops | (25.5) | (31.6) | (35.8) | (27.8) | (35.6) | (17.1) | (28.1) | (23.1) | (35.7) | (28.6) | (31.0) | (32.0) | (38.8) | (33.8) | (33.9) | (33.4) | (39.6) | |||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income | (25.5) | (31.6) | (35.8) | (27.8) | (35.6) | (17.1) | (28.1) | (23.1) | (35.7) | (28.6) | (31.0) | (32.0) | (38.8) | (33.8) | (33.9) | (33.4) | (39.6) | |||||
| Net Income Attributable To Parent | (26.6) | (31.6) | (36.0) | (27.9) | (35.8) | (17.2) | (27.9) | (23.0) | (35.6) | (28.3) | (30.7) | (31.7) | (38.5) | (33.5) | (33.4) | (32.9) | ||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income To Common Shareholders | (26.6) | (31.6) | (36.0) | (27.9) | (35.8) | (17.2) | (27.9) | (23.0) | (35.6) | (28.3) | (30.7) | (31.7) | (38.5) | (33.5) | (33.4) | |||||||
| Per Share | ||||||||||||||||||||||
| EPS Basic | (0.24) | - | (0.33) | (0.26) | (0.34) | - | (0.27) | (0.23) | (0.35) | - | (0.31) | (0.33) | (0.40) | - | (0.35) | (0.35) | (0.42) | - | (0.42) | (0.60) | (0.65) | (0.47) |
| EPS Diluted | (0.24) | - | (0.33) | (0.26) | (0.34) | - | (0.27) | (0.23) | (0.35) | - | (0.31) | (0.33) | (0.40) | - | (0.35) | (0.35) | (0.42) | - | ||||
| Shares Basic | 110.8 | - | 107.6 | 106.8 | 104.6 | - | 102.1 | 101.4 | 100.8 | - | 97.9 | 97.2 | 96.4 | - | 94.5 | 94.1 | 93.3 | - | ||||
| Shares Diluted | 110.8 | - | 107.6 | 106.8 | 104.6 | - | 102.1 | 101.4 | 100.8 | - | 97.9 | 97.2 | 96.4 | - | 94.5 | 94.1 | 93.3 | - | ||||
| Supplementary Data | ||||||||||||||||||||||
| EBITDA | (21.2) | (17.0) | (34.6) | (36.2) | (37.6) | (18.7) | (29.9) | (25.6) | (38.0) | (29.5) | (34.0) | (33.9) | (40.4) | (34.8) | (35.9) | (34.2) | (38.7) | (41.9) | (9.7) | (11.4) | (12.4) | (8.3) |
| EBIT | (27.5) | (28.2) | (37.5) | (38.8) | (40.2) | (21.6) | (32.6) | (28.0) | (40.1) | (32.3) | (35.1) | (35.4) | (41.9) | (36.5) | (36.9) | (35.1) | (39.6) | (42.6) | (10.4) | |||
| - |
| - |
| - |
| Selling & Marketing | 342.1 | 327.0 | 282.3 | 247.1 | 201.7 | 127.1 | 70.7 | 57.3 |
| General & Administrative | 136.6 | 146.3 | 116.1 | 102.0 | 88.8 | 51.6 | 28.0 | 16.5 |
| Depreciation & Amortization | 23.0 | 19.3 | 10.1 | 7.0 | 4.6 | 2.8 | 1.6 | 0.6 |
| Amortization of Intangibles | 11.1 | 8.2 | 0.6 | 0.6 | 0.0 | 0.0 | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 655.2 | 640.4 | 532.4 | 469.0 | 387.7 | 237.7 | 127.8 | 94.2 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 14.4 | 16.6 | 21.6 | 16.2 | 8.0 | (0.1) | 0.7 | 0.0 |
| Pre-Tax Income | (117.7) | (128.2) | (100.6) | (128.5) | (140.2) | (78.3) | (31.4) | (31.4) |
| (78.2) |
| (32.0) |
| (31.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (120.6) | (130.8) | (104.0) | (130.4) | (140.7) | (78.2) | (32.0) | (31.8) |
| Net Income Attributable To Parent | (122.1) | (131.3) | (103.7) | (129.2) | (139.0) | (76.7) | (31.8) | (31.8) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (122.1) | (131.3) | (103.7) | (129.2) | (139.0) | (76.7) | (31.8) | (31.8) |
| (1.77) |
| (1.96) |
| Shares Basic | 110.8 | 107.9 | 102.2 | 98.1 | 94.6 | 34.9 | 18.0 | 16.2 |
| Shares Diluted | 110.8 | 107.9 | 102.2 | 98.1 | 94.6 | 34.9 | 18.0 | 16.2 |
| (32.2) |
| (33.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| 45.7 |
| 29.6 |
| 27.5 |
| 24.4 |
| 19.1 |
| 19.6 |
| 12.9 |
| 10.1 |
| 8.9 |
| 7.1 |
| 1.0 |
| 0.7 |
| 0.7 |
| 0.8 |
| 0.6 |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 91.2 |
| 88.2 |
| 55.2 |
| 49.2 |
| 45.1 |
| 33.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.4 |
| (0.2) |
| (0.3) |
| 0.0 |
| (0.1) |
| (39.6) |
| (42.2) |
| (10.7) |
| (12.4) |
| (13.0) |
| (8.7) |
| (43.3) |
| (9.1) |
| (12.6) |
| (13.2) |
| (8.8) |
| - |
| - |
| - |
| - |
| - |
| (43.3) |
| (9.1) |
| (12.6) |
| (13.2) |
| (8.8) |
| (39.3) |
| (42.9) |
| (8.7) |
| (12.2) |
| (12.8) |
| (8.8) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (32.9) |
| (39.3) |
| (42.9) |
| (8.7) |
| (12.2) |
| (12.8) |
| (8.8) |
| (0.42) |
| (0.60) |
| (0.65) |
| (0.47) |
| 20.7 |
| 20.3 |
| 19.7 |
| 18.6 |
| 20.7 |
| 20.3 |
| 19.7 |
| 18.6 |
| (12.2) |
| (13.0) |
| (8.8) |