| (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 | Q3 FY 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||
| Research & Development | 151.0 | 142.7 | 97.2 | 55.4 | 39.3 | 32.5 | 21.4 | 11.7 | 4.5 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | (179.4) | (172.2) | (125.1) | (74.7) | (54.1) | (46.3) | (33.8) | (18.7) | (6.2) |
| Non-Operating | |||||||||
| Interest Income | 5.6 | 6.0 | 10.0 | 7.0 | 1.2 | 0.0 | 0.5 | 1.7 | 0.2 |
| Interest Expense | 2.3 | 2.0 | 0.7 | 0.0 | - | ||||
| Tax & Net | |||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - |
| Net Income From Continuing Ops | (175.4) | (167.9) | (115.9) | (67.7) | |||||
| Per Share | |||||||||
| EPS Basic | (1.57) | (2.10) | (2.34) | (1.65) | (1.81) | (1.80) | - | - | - |
| EPS Diluted | (1.57) | (2.10) | (2.34) | (1.65) | (1.81) | ||||
| Supplementary Data | |||||||||
| EBITDA | - | (170.6) | (123.4) | (73.2) | (53.0) | (45.6) | (33.5) | (18.6) | (6.2) |
| EBIT | (179.4) | (172.2) | (125.1) | (74.7) | (54.1) | ||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||
| Research & Development | 37.4 | 36.2 | 39.8 | 37.6 | 29.0 | 25.5 | 26.3 | 23.4 | 22.0 | 17.4 | 13.8 | 11.8 | 12.4 | 12.4 | 8.2 | 9.5 | 9.2 | 9.9 | 8.2 | 7.9 | 6.6 | 5.8 | 5.7 | 5.3 | 4.6 | 3.0 | 3.2 | 2.7 | 2.8 | 2.6 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| General & Administrative | 6.9 | 6.4 | 6.8 | 8.3 | 8.1 | 8.3 | 6.8 | 6.9 | 6.1 | 5.7 | 4.9 | 4.1 | 4.5 | 3.9 | 3.6 | 3.5 | 3.8 | |||||||||||||
| Depreciation & Amortization | 0.3 | - | - | - | 0.5 | - | - | - | 0.4 | - | - | - | 0.4 | - | - | - | ||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Other Operating Expenses | 0.3 | (0.1) | 0.5 | (0.1) | 0.0 | - | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | |||||||||||||
| Total Operating Expenses | 44.3 | 42.6 | 46.6 | 45.9 | 37.1 | 33.8 | 33.0 | 30.3 | 28.0 | 23.1 | 18.7 | 15.9 | 17.0 | 16.3 | 11.8 | 13.1 | ||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||
| Operating Income | (44.3) | (42.6) | (46.6) | (45.9) | (37.1) | (33.8) | (33.0) | (30.3) | (28.0) | (23.1) | (18.7) | (15.9) | (17.0) | (16.3) | (11.8) | (13.1) | (13.0) | (13.9) | (11.6) | (11.1) | (9.7) | (9.3) | (8.4) | (8.2) | (7.9) | (5.9) | (5.0) | (3.8) | (4.0) | (3.1) |
| Non-Operating | ||||||||||||||||||||||||||||||
| Interest Income | 1.1 | 1.3 | 1.8 | 1.4 | 1.5 | 1.9 | 2.4 | 2.7 | 3.0 | 2.3 | 2.2 | 1.4 | 1.1 | 0.6 | 0.4 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | 0.5 | 0.4 | 0.4 | 0.5 | 0.0 |
| Interest Expense | 0.6 | 0.6 | 0.6 | 0.6 | 0.3 | 0.7 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | ||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||
| Income Tax 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 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | (43.5) | (41.9) | (44.9) | (45.1) | (35.9) | (32.6) | (30.6) | (27.6) | (25.0) | (20.9) | (16.4) | (14.5) | (15.9) | (15.7) | (11.4) | (12.9) | (12.9) | |||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Net Income | (43.5) | (41.9) | (44.9) | (45.1) | (35.9) | (32.6) | (30.6) | (27.6) | (25.0) | (20.9) | (16.4) | (14.5) | (15.9) | (15.7) | (11.4) | (12.9) | (12.9) | |||||||||||||
| Net Income Attributable To Parent | (43.5) | (41.9) | (44.9) | (45.1) | (35.9) | (32.6) | (30.6) | (27.6) | (25.0) | (20.9) | (16.4) | (14.5) | (15.9) | (15.7) | (11.4) | (12.9) | ||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Net Income To Common Shareholders | (43.5) | (41.9) | (44.9) | (45.1) | (35.9) | (32.6) | (30.6) | (27.6) | (25.0) | (20.9) | (16.4) | (14.5) | (15.9) | (15.7) | (11.4) | |||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||
| EPS Basic | (0.39) | - | (0.44) | (0.73) | (0.71) | - | (0.62) | (0.56) | (0.51) | - | (0.37) | (0.37) | (0.45) | - | (0.39) | (0.45) | (0.45) | - | (0.45) | (0.45) | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.39) | - | (0.44) | (0.73) | (0.71) | - | (0.62) | (0.56) | (0.51) | - | (0.37) | (0.37) | (0.45) | - | (0.39) | (0.45) | (0.45) | - | ||||||||||||
| Shares Basic | 112.0 | - | - | - | 50.7 | - | - | - | 1.2 | - | - | - | 4.1 | - | - | - | - | - | ||||||||||||
| Shares Diluted | 112.0 | - | - | - | 50.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||
| EBITDA | (44.0) | - | - | - | (36.7) | - | - | - | (27.6) | - | - | - | (16.6) | - | - | - | (12.8) | - | - | - | (9.6) | - | - | - | (7.8) | - | - | - | - | - |
| EBIT | (44.3) | (42.6) | (46.6) | (45.9) | (37.1) | (33.8) | (33.0) | (30.3) | (28.0) | (23.1) | (18.7) | (15.9) | (17.0) | (16.3) | (11.8) | (13.1) | (13.0) | (13.9) | (11.6) | |||||||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | 28.4 | 29.6 | 27.9 | 19.2 | 14.8 | 13.8 | 12.5 | 7.0 | 1.7 |
| Depreciation & Amortization | - | 1.6 | 1.7 | 1.4 | 1.2 | 0.7 | 0.4 | 0.1 | 0.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0.7 | 0.4 | 0.0 | - | - | - | - | - | - |
| Total Operating Expenses | 179.4 | 172.2 | 125.1 | 74.7 | 54.1 | 46.3 | 33.8 | 18.7 | 6.2 |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - |
| (53.0) |
| (46.3) |
| (33.3) |
| (16.9) |
| (12.2) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (175.4) | (167.9) | (115.9) | (67.7) | (53.0) | (46.3) | (33.3) | (16.9) | (12.2) |
| Net Income Attributable To Parent | (175.4) | (167.9) | (115.9) | (67.7) | (53.0) | (46.3) | (33.3) | (16.9) | (12.2) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (175.4) | (167.9) | (115.9) | (67.7) | (53.0) | (46.3) | (33.3) | (22.3) | (12.2) |
| (1.80) |
| - |
| - |
| - |
| Shares Basic | 112.0 | - | - | 1.2 | 5.9 | - | - | - | - |
| Shares Diluted | 112.0 | - | - | - | - | - | - | - | - |
| (46.3) |
| (33.8) |
| (18.7) |
| (6.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.0 |
| 3.4 |
| 3.3 |
| 3.2 |
| 3.6 |
| 2.8 |
| 2.9 |
| 3.3 |
| 2.8 |
| 1.8 |
| 1.1 |
| 1.2 |
| 0.5 |
| 0.2 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 13.0 |
| 13.9 |
| 11.6 |
| 11.1 |
| 9.7 |
| 9.3 |
| 8.4 |
| 8.2 |
| 7.9 |
| 5.9 |
| 5.0 |
| 3.8 |
| 4.0 |
| 3.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (13.9) |
| (11.6) |
| (11.1) |
| (9.7) |
| (9.3) |
| (8.4) |
| (8.2) |
| (7.5) |
| (5.4) |
| (4.7) |
| (3.4) |
| (3.5) |
| (9.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (13.9) |
| (11.6) |
| (11.1) |
| (9.7) |
| (9.3) |
| (8.4) |
| (8.2) |
| (7.5) |
| (5.4) |
| (4.7) |
| (3.4) |
| (3.5) |
| (9.3) |
| (12.9) |
| (13.9) |
| (11.6) |
| (11.1) |
| (9.7) |
| (9.3) |
| (8.4) |
| (8.2) |
| (7.5) |
| (5.4) |
| (4.7) |
| (3.4) |
| (3.5) |
| (9.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (12.9) |
| (12.9) |
| (13.9) |
| (11.6) |
| (11.1) |
| (9.7) |
| (9.3) |
| (8.4) |
| (8.2) |
| (7.5) |
| (5.4) |
| (4.7) |
| (3.4) |
| (8.9) |
| (9.3) |
| (0.45) |
| (0.45) |
| - |
| - |
| - |
| - |
| - |
| - |
| (2.17) |
| (1.87) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (11.1) |
| (9.7) |
| (9.3) |
| (8.4) |
| (8.2) |
| (7.9) |
| (5.9) |
| (5.0) |
| (3.8) |
| (4.0) |
| (3.1) |