| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||||
| Revenues | 0.2 | 0.3 | 0.1 | 0.1 | 0.2 | 0.4 | 0.2 | 1.1 | 0.6 | 0.4 | 0.3 | 0.5 | 0.2 | - | 0.1 | - | |||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 0.7 | 0.6 | 2.3 | 1.4 | 0.4 | - | - | - | - | - |
| Cost of Revenue | 0.4 | 0.2 | 2.1 | 1.3 | 0.0 | - | - | - | - | - |
| Gross Profit | 0.2 | 0.5 | 0.1 | 0.1 | 0.4 | - | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 28.7 | 30.3 | 30.4 | 84.3 | 91.2 | 52.7 | 58.0 | 25.8 | 14.6 | 2.7 |
| Selling General & Administrative | 22.0 | 20.5 | 34.5 | |||||||
| Operating Income | ||||||||||
| Operating Income | (50.6) | (50.5) | (67.2) | (171.8) | (159.6) | (106.9) | (82.3) | (33.6) | (20.0) | (4.5) |
| Non-Operating | ||||||||||
| Interest Income | 1.0 | 1.1 | 2.6 | 5.6 | 2.5 | 0.0 | 0.2 | - | - | - |
| Interest Expense | 17.2 | 17.0 | 15.1 | 13.3 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | - | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - |
| Net Income From Continuing Ops | (75.3) | (69.9) | (59.6) | |||||||
| Per Share | ||||||||||
| EPS Basic | (3.20) | (5.73) | (23.51) | (98.33) | (5.92) | (4.05) | (3.79) | - | - | - |
| EPS Diluted | (3.20) | (5.73) | (23.51) | (98.33) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (50.3) | (50.2) | (66.9) | (171.5) | (159.3) | (106.6) | (82.1) | (33.4) | (19.9) | (4.5) |
| EBIT | (50.6) | (50.5) | (67.2) | (171.8) | ||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| Cost of Revenue | 0.3 | 0.0 | 0.0 | 0.1 | 0.0 | 0.8 | 1.2 | 0.1 | 0.1 | 0.7 | 0.5 | 0.0 | 0.0 | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | (0.1) | 0.2 | 0.1 | 0.0 | 0.2 | (0.5) | (1.0) | 1.0 | 0.5 | (0.3) | (0.2) | 0.4 | 0.2 | - | 0.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| Research & Development | 3.0 | 6.7 | 8.7 | 10.3 | 4.6 | 5.9 | 5.1 | 8.0 | 11.4 | 9.9 | 19.6 | 27.0 | 27.8 | 32.7 | 22.1 | 17.9 | 18.6 | 12.5 | 11.9 | 13.5 | 14.7 | 11.4 | 16.3 | 17.9 | 12.4 | 6.5 | 7.1 | 6.5 | 5.7 | 6.0 | 3.8 | 1.8 | 2.9 | 1.4 | 0.6 | 0.3 | 0.3 |
| Selling General & Administrative | 7.2 | 3.8 | 5.4 | 5.6 | 5.7 | 4.1 | 7.7 | 9.5 | 13.3 | 9.6 | 24.3 | 25.9 | 23.6 | 20.4 | 17.1 | 18.4 | |||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.9 | ||||||||||||||||||||
| Depreciation & Amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Total Operating Expenses | 10.4 | 10.5 | 14.3 | 16.0 | 10.3 | 10.9 | 15.5 | 18.4 | 24.7 | 20.2 | 48.6 | 52.9 | 51.4 | 53.1 | 39.1 | 36.3 | |||||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (10.2) | (10.3) | (14.2) | (15.9) | (10.1) | (10.5) | (15.3) | (17.3) | (24.2) | (19.9) | (48.3) | (52.4) | (51.2) | (52.9) | (39.0) | (36.3) | (31.5) | (26.1) | (26.8) | (27.6) | (26.4) | (21.1) | (24.8) | (21.4) | (15.0) | (8.4) | (9.1) | (8.6) | (7.4) | (7.3) | (5.1) | (3.2) | (4.3) | (2.5) | (0.9) | (0.6) | (0.5) |
| Non-Operating | |||||||||||||||||||||||||||||||||||||
| Interest Income | 0.2 | 0.3 | 0.2 | 0.2 | 0.3 | 0.4 | 0.6 | 0.7 | 0.9 | 0.9 | 1.1 | 1.6 | 2.0 | 1.5 | 0.8 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 4.2 | 4.4 | 4.4 | 4.2 | 4.0 | 4.0 | 3.8 | 3.7 | 3.6 | 3.4 | 3.3 | 3.3 | 3.4 | 2.9 | 3.7 | 1.6 | 0.0 | 0.0 | |||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Non-Operating Income | 1.5 | 1.8 | (12.5) | 0.7 | 6.6 | 3.3 | 4.8 | 12.0 | 0.0 | 0.1 | (0.0) | 0.5 | (0.2) | - | 0.1 | - | - | ||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (12.7) | (12.5) | (30.9) | (19.2) | (7.3) | (10.9) | (13.7) | (8.3) | (26.8) | (22.3) | (50.5) | (53.5) | (52.8) | (54.8) | (41.8) | (37.7) | (31.5) | ||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income | (12.7) | (12.5) | (30.9) | (19.2) | (7.3) | (10.9) | (13.7) | (8.3) | (26.8) | (22.3) | (50.5) | (53.5) | (52.8) | (54.8) | (41.8) | (37.7) | (31.5) | ||||||||||||||||||||
| Net Income Attributable To Parent | (12.7) | (12.5) | (30.9) | (19.2) | (7.3) | (10.9) | (13.7) | (8.3) | (26.8) | (22.3) | (50.5) | (53.5) | (52.8) | (54.8) | (41.8) | (37.7) | |||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income To Common Shareholders | (12.7) | (12.5) | (30.9) | (19.2) | (7.3) | (10.9) | (13.7) | (8.3) | (26.8) | (22.3) | (50.5) | (53.5) | (52.8) | (54.8) | (41.8) | ||||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.54) | - | (2.18) | (2.45) | (1.50) | - | (5.15) | (3.30) | (13.89) | - | (1.72) | (1.83) | (1.84) | - | (1.49) | (1.35) | (1.12) | - | (0.96) | (1.11) | (1.08) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.54) | - | (2.18) | (2.45) | (1.50) | - | (5.15) | (3.30) | (13.89) | - | (1.72) | (1.83) | (1.84) | - | (1.49) | (1.35) | (1.12) | - | |||||||||||||||||||
| Shares Basic | 23.6 | - | 14.2 | 7.8 | 4.8 | - | 2.6 | 2.5 | 1.9 | - | 29.3 | 29.2 | 28.6 | - | 28.0 | 28.0 | 28.0 | - | |||||||||||||||||||
| Shares Diluted | 23.6 | - | 14.2 | 7.8 | 4.8 | - | 2.6 | 2.5 | 1.9 | - | 29.3 | 29.2 | 28.6 | - | 28.0 | 28.0 | 0.0 | - | |||||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| EBITDA | (10.2) | (10.2) | (14.2) | (15.8) | (10.0) | (10.4) | (15.2) | (17.2) | (24.1) | (19.8) | (48.2) | (52.3) | (51.1) | (52.8) | (38.9) | (36.2) | (31.4) | (26.1) | (26.7) | (27.5) | (26.3) | (21.1) | (24.7) | (21.4) | (14.9) | - | - | - | (7.4) | - | - | - | - | - | - | - | (0.5) |
| EBIT | (10.2) | (10.3) | (14.2) | (15.9) | (10.1) | (10.5) | (15.3) | (17.3) | (24.2) | (19.9) | (48.3) | (52.4) | (51.2) | (52.9) | (39.0) | (36.3) | (31.5) | (26.1) | (26.8) | ||||||||||||||||||
| 83.4 |
| 68.8 |
| 54.2 |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | 54.2 | 24.3 | 7.8 | 5.4 | 1.8 |
| Depreciation & Amortization | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.0 | 0.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 51.3 | 51.1 | 69.5 | 173.2 | 160.0 | 106.9 | 82.3 | 33.6 | 20.0 | 4.5 |
| 8.2 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (8.6) | (3.5) | 20.2 | 0.4 | (0.4) | - | - | - | - | - |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - |
| (179.1) |
| (165.8) |
| (106.9) |
| (82.2) |
| (33.0) |
| (19.3) |
| (4.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (75.3) | (69.9) | (59.6) | (179.1) | (165.8) | (106.9) | (82.2) | (33.0) | (19.3) | (4.5) |
| Net Income Attributable To Parent | (75.3) | (69.9) | (59.6) | (179.1) | (165.8) | (106.9) | (82.2) | (33.0) | (19.3) | (4.5) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (75.3) | (69.9) | (59.6) | (179.1) | (165.8) | (106.9) | (82.2) | (33.0) | (19.3) | (4.5) |
| (5.92) |
| (4.05) |
| (3.79) |
| - |
| - |
| - |
| Shares Basic | 23.6 | 12.2 | 2.5 | 1.8 | 28.0 | 26.4 | 21.7 | - | - | - |
| Shares Diluted | 23.6 | 12.2 | 2.5 | 1.8 | 28.0 | 26.4 | 21.7 | - | - | - |
| (159.6) |
| (106.9) |
| (82.3) |
| (33.6) |
| (20.0) |
| (4.5) |
| 12.9 |
| - |
| 14.9 |
| 14.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 13.6 |
| 14.9 |
| 14.1 |
| 11.6 |
| 9.7 |
| 8.5 |
| 3.5 |
| 2.6 |
| 1.9 |
| 2.0 |
| 2.1 |
| 1.7 |
| 1.3 |
| 1.3 |
| 1.5 |
| 1.3 |
| 1.1 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 31.5 |
| 26.1 |
| 26.8 |
| 27.6 |
| 26.4 |
| 21.1 |
| 24.8 |
| 21.4 |
| 15.0 |
| 8.4 |
| 9.1 |
| 8.6 |
| 7.4 |
| 7.3 |
| 5.1 |
| 3.2 |
| 4.3 |
| 2.5 |
| 0.9 |
| 0.6 |
| 0.5 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (26.1) |
| (26.8) |
| (27.6) |
| (26.4) |
| (21.1) |
| (24.8) |
| (21.4) |
| (14.9) |
| (8.3) |
| (9.0) |
| (8.5) |
| (7.2) |
| (7.1) |
| (4.9) |
| (3.0) |
| (4.3) |
| (2.5) |
| (0.9) |
| (0.6) |
| (0.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (26.1) |
| (26.8) |
| (27.6) |
| (26.4) |
| (21.1) |
| (24.8) |
| (21.4) |
| (14.9) |
| (8.3) |
| (9.0) |
| (8.5) |
| (7.2) |
| (7.1) |
| (4.9) |
| (3.0) |
| (4.3) |
| (2.5) |
| (0.9) |
| (0.6) |
| (0.5) |
| (31.5) |
| (26.1) |
| (26.8) |
| (27.6) |
| (26.4) |
| (21.1) |
| (24.8) |
| (21.4) |
| (14.9) |
| (8.3) |
| (9.0) |
| (8.5) |
| (7.2) |
| (7.1) |
| (4.9) |
| (3.0) |
| (4.3) |
| (2.5) |
| (0.9) |
| (0.6) |
| (0.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (37.7) |
| (31.5) |
| (26.1) |
| (26.8) |
| (27.6) |
| (26.4) |
| (21.1) |
| (24.8) |
| (21.4) |
| (14.9) |
| (8.3) |
| (9.0) |
| (8.5) |
| (7.2) |
| (7.1) |
| (4.9) |
| (3.0) |
| (4.3) |
| (2.5) |
| (0.9) |
| (0.6) |
| (0.5) |
| (0.96) |
| (1.11) |
| (1.08) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 28.0 |
| 25.0 |
| 24.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 28.0 |
| 25.0 |
| 24.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (27.6) |
| (26.4) |
| (21.1) |
| (24.8) |
| (21.4) |
| (15.0) |
| (8.4) |
| (9.1) |
| (8.6) |
| (7.4) |
| (7.3) |
| (5.1) |
| (3.2) |
| (4.3) |
| (2.5) |
| (0.9) |
| (0.6) |
| (0.5) |