| (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 | Q3 FY 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||
| Revenues | 6.2 | 11.0 | 11.2 | 6.5 | 7.2 | 5.2 | 15.4 | 12.0 | 3.0 | 3.3 | 11.1 | 2.7 | 3.8 | 2.9 | 6.8 | 13.8 | ||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 34.9 | 35.9 | 35.6 | 20.8 | 31.1 | 45.8 | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||
| Research & Development | 101.8 | 104.2 | 110.6 | 117.7 | 117.8 | 94.7 | 78.4 | 48.1 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (113.8) | (115.2) | (119.6) | (139.0) | (129.5) | (82.1) | (60.4) | (35.5) |
| Non-Operating | ||||||||
| Interest Income | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | ||
| Tax & Net | ||||||||
| Income Tax Expense | - | 0.1 | 0.1 | 1.3 | 0.0 | 0.0 | (0.6) | 0.8 |
| Net Income From Continuing Ops | (103.8) | (105.0) | (105.3) | (132.5) | (128.2) | |||
| Per Share | ||||||||
| EPS Basic | (0.82) | (1.27) | (1.52) | (2.67) | (2.62) | (1.82) | (5.83) | (31.03) |
| EPS Diluted | (0.82) | (1.27) | (1.52) | (2.67) | (2.62) | (1.82) | ||
| Supplementary Data | ||||||||
| EBITDA | (111.9) | (113.3) | (117.8) | (137.2) | (127.9) | (80.6) | (58.8) | (33.9) |
| EBIT | (113.8) | (115.2) | (119.6) | (139.0) | (129.5) | (82.1) | ||
| 7.7 |
| - |
| 8.5 |
| 9.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||
| Research & Development | 24.6 | 25.0 | 26.0 | 26.2 | 27.1 | 32.5 | 31.8 | 23.8 | 22.5 | 30.4 | 28.3 | 29.9 | 29.0 | 30.7 | 29.7 | 31.3 | 26.2 | 26.6 | 24.3 | 23.3 | 20.5 | 20.4 | 23.9 | 17.8 | 16.3 | 12.9 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| General & Administrative | 9.3 | 9.2 | 8.9 | 8.8 | 9.3 | 10.4 | 11.8 | 9.7 | 10.3 | 10.3 | 10.5 | 10.3 | 10.9 | 10.5 | 9.6 | 9.9 | 12.8 | |||||||||
| Depreciation & Amortization | 0.4 | 0.7 | 0.4 | 0.4 | 0.5 | 0.7 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | ||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Total Operating Expenses | 33.9 | 34.2 | 45.6 | 35.0 | 36.4 | 42.9 | 43.6 | 33.4 | 35.3 | 40.7 | 38.9 | 40.2 | 40.0 | 41.1 | 39.2 | 41.2 | ||||||||||
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (27.8) | (23.1) | (34.4) | (28.5) | (29.2) | (37.7) | (28.2) | (21.4) | (32.2) | (37.4) | (27.8) | (37.6) | (36.2) | (38.3) | (32.5) | (27.4) | (31.4) | (15.3) | (24.3) | (22.1) | (20.5) | (18.9) | (18.3) | (10.9) | (12.3) | (10.0) |
| Non-Operating | ||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Non-Operating Income | 2.7 | 2.8 | 2.2 | 2.5 | 2.8 | 3.3 | 3.6 | 3.7 | 3.9 | 3.0 | 1.8 | 1.6 | 1.4 | 1.1 | 0.5 | (0.0) | (0.3) | |||||||||
| Pre-Tax Income | - | (20.4) | (32.2) | (26.0) | (26.3) | (34.4) | (24.7) | (17.7) | (28.4) | (34.5) | (26.0) | (35.9) | (34.8) | - | (32.0) | - | ||||||||||
| Tax & Net | ||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | - | 0.0 | - | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.3 | 1.0 | 0.0 | 0.0 | - | 0.0 | - | 0.0 | - | - | - | 0.0 | (0.1) | (0.2) | (0.2) | (0.2) | 0.7 |
| Net Income From Continuing Ops | (25.1) | (20.5) | (32.2) | (26.0) | (26.3) | (34.6) | (24.7) | (17.7) | (28.4) | (34.8) | (27.0) | (35.9) | (34.8) | (37.2) | (32.0) | (27.4) | (31.6) | |||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income | (25.1) | (20.5) | (32.2) | (26.0) | (26.3) | (34.6) | (24.7) | (17.7) | (28.4) | (34.8) | (27.0) | (35.9) | (34.8) | (37.2) | (32.0) | (27.4) | (31.6) | |||||||||
| Net Income Attributable To Parent | (25.1) | (20.5) | (32.2) | (26.0) | (26.3) | (34.6) | (24.7) | (17.7) | (28.4) | (34.8) | (27.0) | (35.9) | (34.8) | (37.2) | (32.0) | (27.4) | ||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income To Common Shareholders | (25.1) | (20.5) | (32.2) | (26.0) | (26.3) | (34.6) | (24.7) | (17.7) | (28.4) | (34.8) | (27.0) | (35.9) | (34.8) | (37.2) | (32.0) | |||||||||||
| Per Share | ||||||||||||||||||||||||||
| EPS Basic | (0.20) | - | (0.44) | (0.37) | (0.37) | - | (0.35) | (0.26) | (0.41) | - | (0.55) | (0.73) | (0.71) | - | (0.65) | (0.56) | (0.65) | - | (0.51) | (0.51) | (0.49) | - | (17.55) | (9.28) | (9.59) | (8.93) |
| EPS Diluted | (0.20) | - | (0.44) | (0.37) | (0.37) | - | (0.35) | (0.26) | (0.41) | - | (0.55) | (0.73) | (0.71) | - | (0.65) | (0.56) | (0.65) | - | ||||||||
| Shares Basic | 126.1 | - | 72.6 | 71.0 | 70.8 | - | 69.6 | 68.8 | 68.4 | - | 49.2 | 49.1 | 49.0 | - | 48.9 | 48.8 | 48.7 | - | ||||||||
| Shares Diluted | 126.1 | - | 72.6 | 71.0 | 70.8 | - | 69.6 | 68.8 | 68.4 | - | 49.2 | 49.1 | 49.0 | - | 48.9 | 48.8 | 48.7 | - | ||||||||
| Supplementary Data | ||||||||||||||||||||||||||
| EBITDA | (27.4) | (22.4) | (34.0) | (28.1) | (28.7) | (37.0) | (27.9) | (21.1) | (31.8) | (37.0) | (27.4) | (37.1) | (35.7) | (37.8) | (32.1) | (26.9) | (31.1) | (14.9) | (23.9) | (21.7) | (20.1) | (18.5) | (17.9) | (10.4) | (11.9) | - |
| EBIT | (27.8) | (23.1) | (34.4) | (28.5) | (29.2) | (37.7) | (28.2) | (21.4) | (32.2) | (37.4) | (27.8) | (37.6) | (36.2) | (38.3) | (32.5) | (27.4) | (31.4) | (15.3) | (24.3) | |||||||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 36.2 | 36.2 | 42.1 | 42.1 | 42.8 | 33.3 | 15.2 | 8.8 |
| Depreciation & Amortization | 1.9 | 2.0 | 1.8 | 1.9 | 1.7 | 1.5 | 1.6 | 1.6 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 148.7 | 151.2 | 155.2 | 159.8 | 160.6 | 127.9 | 93.6 | 56.8 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 10.2 | 10.3 | 14.4 | 7.8 | 1.4 | (1.8) | (6.5) | 2.2 |
| Pre-Tax Income | - | (104.9) | (105.2) | (131.2) | (128.2) | (83.9) | (67.0) | (33.3) |
| (83.9) |
| (66.3) |
| (34.1) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (103.8) | (105.0) | (105.3) | (132.5) | (128.2) | (83.9) | (66.3) | (34.1) |
| Net Income Attributable To Parent | (103.8) | (105.0) | (105.3) | (132.5) | (128.2) | (83.9) | (66.3) | (34.1) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | 8.5 |
| Net Income To Common Shareholders | (103.8) | (105.0) | (105.3) | (132.5) | (128.2) | (83.9) | (66.3) | (42.6) |
| - |
| - |
| Shares Basic | 126.1 | 82.9 | 69.4 | 49.6 | 48.9 | 46.0 | - | - |
| Shares Diluted | 126.1 | 82.9 | 69.4 | 49.6 | 48.9 | 46.0 | - | - |
| (60.4) |
| (35.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 8.8 |
| 8.5 |
| 8.6 |
| 7.4 |
| 6.7 |
| 2.9 |
| 2.8 |
| 2.8 |
| 2.4 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.4 |
| 0.5 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 39.0 |
| 35.3 |
| 32.8 |
| 31.9 |
| 27.9 |
| 27.2 |
| 26.8 |
| 20.5 |
| 19.2 |
| 15.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.4) |
| (0.4) |
| (0.5) |
| (0.5) |
| (3.0) |
| (3.7) |
| (0.1) |
| 0.3 |
| 0.6 |
| (31.6) |
| (15.7) |
| (24.7) |
| (22.6) |
| (21.0) |
| (21.9) |
| (22.0) |
| (11.0) |
| (12.1) |
| (9.4) |
| (15.7) |
| (24.7) |
| (22.6) |
| (21.0) |
| (21.8) |
| (21.8) |
| (10.8) |
| (11.9) |
| (10.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (15.7) |
| (24.7) |
| (22.6) |
| (21.0) |
| (21.8) |
| (21.8) |
| (10.8) |
| (11.9) |
| (10.1) |
| (31.6) |
| (15.7) |
| (24.7) |
| (22.6) |
| (21.0) |
| (21.8) |
| (21.8) |
| (10.8) |
| (11.9) |
| (10.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 5.2 |
| 2.9 |
| 2.1 |
| 2.2 |
| (27.4) |
| (31.6) |
| (15.7) |
| (24.7) |
| (22.6) |
| (21.0) |
| (11.6) |
| (27.0) |
| (13.7) |
| (14.0) |
| (12.3) |
| (0.51) |
| (0.51) |
| - |
| - |
| - |
| - |
| - |
| - |
| 48.5 |
| 43.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| 48.5 |
| 43.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| (22.1) |
| (20.5) |
| (18.9) |
| (18.3) |
| (10.9) |
| (12.3) |
| (10.0) |