| (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 | Q4 FY 21 | Q3 FY 21 | Q2 FY 21 | Q1 FY 21 | Q3 FY 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||
| Revenues | 101.8 | 109.3 | 105.7 | 98.6 | 97.6 | 101.9 | 99.6 | 108.5 | 107.0 | 115.8 | 110.3 | 150.5 | 130.0 | 152.8 | 125.3 | 108.3 | ||||||||||
| (in millions of USD, except per-share data) | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 415.4 | 411.2 | 417.1 | 506.6 | 468.1 | 241.0 | 146.5 | 144.5 |
| Cost of Revenue | 288.2 | 285.6 | 316.4 | 476.5 | 382.2 | 187.5 | 113.5 | 126.5 |
| Gross Profit | 127.2 | 125.6 | 100.7 | 30.1 | 85.9 | 53.5 | 32.9 | 18.0 |
| Operating Expenses | ||||||||
| Research & Development | 141.4 | 139.3 | 141.3 | 220.8 | 195.0 | 145.0 | 75.0 | 69.5 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (203.5) | (210.1) | (253.0) | (450.0) | (341.8) | (265.4) | (121.0) | (132.4) |
| Non-Operating | ||||||||
| Interest Income | 3.7 | 4.5 | 8.3 | 9.6 | 5.5 | 0.1 | 0.3 | 3.2 |
| Interest Expense | 17.7 | 23.9 | 24.7 | 16.3 | 9.4 | 1.5 | ||
| Tax & Net | ||||||||
| Income Tax Expense | 4.6 | 4.0 | 4.4 | (0.0) | (2.2) | (2.9) | 0.2 | 0.2 |
| Net Income From Continuing Ops | (206.3) | (220.2) | (277.1) | (457.6) | (345.1) | |||
| Per Share | ||||||||
| EPS Basic | (8.38) | (9.41) | (12.78) | (24.37) | (1.02) | (1.01) | (18.14) | (15.10) |
| EPS Diluted | (8.38) | (9.41) | (12.78) | (24.37) | (1.02) | (1.49) | ||
| Supplementary Data | ||||||||
| EBITDA | (177.0) | (183.1) | (223.8) | (421.5) | (316.7) | (249.0) | (110.9) | (124.7) |
| EBIT | (203.5) | (210.1) | (253.0) | (450.0) | (341.8) | (265.4) | ||
| 81.6 |
| 79.3 |
| 65.0 |
| 56.1 |
| 40.5 |
| - |
| 36.4 |
| 35.0 |
| 32.8 |
| - |
| Cost of Revenue | 72.2 | 74.9 | 73.2 | 67.9 | 69.7 | 73.2 | 76.8 | 83.0 | 83.4 | 93.4 | 134.2 | 149.4 | 99.5 | 119.8 | 102.7 | 90.1 | 69.5 | 61.9 | 49.0 | 45.3 | 31.3 | - | 29.1 | 25.9 | 25.0 | - |
| Gross Profit | 29.6 | 34.4 | 32.5 | 30.7 | 28.0 | 28.7 | 22.8 | 25.6 | 23.6 | 22.4 | (23.9) | 1.1 | 30.5 | 33.0 | 22.7 | 18.2 | 12.1 | 17.5 | 16.1 | 10.8 | 9.2 | - | 7.3 | 9.0 | 7.8 | - |
| Operating Expenses | ||||||||||||||||||||||||||
| Research & Development | 35.6 | 34.6 | 34.7 | 36.5 | 33.5 | 30.4 | 38.3 | 36.5 | 36.1 | 55.2 | 56.5 | 59.6 | 49.4 | 46.7 | 48.1 | 51.8 | 48.3 | 42.5 | 36.8 | 40.4 | 25.4 | - | 18.9 | 17.1 | 18.0 | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Selling & Marketing | 23.6 | 25.0 | 24.5 | 25.0 | 26.2 | 24.5 | 34.7 | 36.7 | 35.0 | 33.6 | 39.8 | 39.7 | 37.0 | 40.5 | 35.4 | 33.9 | 32.6 | |||||||||
| General & Administrative | 17.6 | 27.8 | 17.6 | 28.2 | 22.1 | 28.7 | 18.0 | 15.1 | 19.7 | 26.5 | 33.5 | 25.1 | 24.0 | 24.0 | 22.4 | 22.8 | 21.0 | |||||||||
| Depreciation & Amortization | 6.3 | 12.9 | 3.5 | 3.7 | 6.9 | 13.1 | 4.2 | 4.4 | 7.4 | 13.4 | 4.1 | 3.9 | 7.1 | 12.3 | 3.2 | 3.3 | ||||||||||
| Amortization of Intangibles | 3.2 | 3.2 | 3.2 | 3.2 | 3.0 | 3.0 | 3.1 | 3.0 | 3.0 | 3.1 | 3.0 | 3.0 | 3.0 | 3.0 | 2.8 | 3.0 | 2.9 | |||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Total Operating Expenses | 76.8 | 87.4 | 76.8 | 89.7 | 81.8 | 83.6 | 91.0 | 88.3 | 90.7 | 115.3 | 129.8 | 124.5 | 110.5 | 111.3 | 106.0 | 108.5 | ||||||||||
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (47.2) | (53.0) | (44.3) | (59.0) | (53.8) | (54.9) | (68.2) | (62.7) | (67.1) | (92.9) | (153.8) | (123.3) | (79.9) | (78.3) | (83.3) | (90.4) | (89.8) | (79.2) | (65.3) | (74.3) | (46.6) | (4.6) | (32.6) | (23.5) | (29.6) | (0.6) |
| Non-Operating | ||||||||||||||||||||||||||
| Interest Income | 0.3 | 1.1 | 1.1 | 1.1 | 1.2 | 1.4 | 1.6 | 2.1 | 3.2 | 3.4 | 1.9 | 1.8 | 2.5 | 2.1 | 1.9 | 1.5 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.2 | - |
| Interest Expense | 0.3 | 2.5 | 8.1 | 6.8 | 6.4 | 2.2 | 9.3 | 6.6 | 6.6 | 6.6 | 3.8 | 2.9 | 2.9 | 3.0 | 2.6 | 2.9 | 0.9 | 0.0 | ||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Non-Operating Income | 5.1 | 0.1 | (0.3) | (0.3) | 2.6 | (2.3) | (0.2) | (0.0) | (0.9) | 1.2 | (2.8) | 0.1 | 0.6 | 1.1 | (0.9) | (1.3) | (0.4) | |||||||||
| Pre-Tax Income | (42.0) | (43.0) | (51.6) | (65.0) | (56.5) | (58.0) | (76.1) | (67.2) | (71.4) | (94.9) | (158.5) | (124.4) | (79.8) | (78.1) | (84.9) | (93.1) | ||||||||||
| Tax & Net | ||||||||||||||||||||||||||
| Income Tax Expense | 1.2 | 1.4 | 0.9 | 1.2 | 0.6 | 0.8 | 1.5 | 1.6 | 0.4 | (0.2) | (0.3) | 0.9 | (0.4) | 0.5 | (0.4) | (0.4) | (1.9) | (2.7) | (0.3) | 0.1 | 0.0 | (0.0) | 0.1 | 0.0 | 0.1 | 0.2 |
| Net Income From Continuing Ops | (43.2) | (44.4) | (52.5) | (66.2) | (57.1) | (58.8) | (77.6) | (68.9) | (71.8) | (94.7) | (158.2) | (125.3) | (79.4) | (78.7) | (84.5) | (92.7) | (89.3) | |||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income | (43.2) | (44.4) | (52.5) | (66.2) | (57.1) | (58.8) | (77.6) | (68.9) | (71.8) | (94.7) | (158.2) | (125.3) | (79.4) | (78.7) | (84.5) | (92.7) | (89.3) | |||||||||
| Net Income Attributable To Parent | (43.2) | (44.4) | (52.5) | (66.2) | (57.1) | (58.8) | (77.6) | (68.9) | (71.8) | (94.7) | (158.2) | (125.3) | (79.4) | (78.7) | (84.5) | (92.7) | ||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income To Common Shareholders | (43.2) | (44.4) | (52.5) | (66.2) | (57.1) | (58.8) | (77.6) | (68.9) | (71.8) | (94.7) | (158.2) | (125.3) | (79.4) | (78.7) | (84.5) | |||||||||||
| Per Share | ||||||||||||||||||||||||||
| EPS Basic | (1.75) | - | (2.23) | (2.85) | (2.49) | - | (3.56) | (3.22) | (0.17) | - | (0.43) | (0.35) | (0.23) | - | (0.25) | (0.28) | (0.27) | - | (0.21) | (0.27) | (0.39) | - | (3.11) | (6.97) | (2.46) | - |
| EPS Diluted | (1.75) | - | (2.23) | (2.85) | (2.49) | - | (3.56) | (3.22) | (0.17) | - | (0.43) | (0.35) | (0.23) | - | (0.25) | (0.28) | (0.27) | - | ||||||||
| Shares Basic | 24.6 | - | 23.5 | 23.2 | 23.0 | - | 21.8 | 21.4 | 423.3 | - | 376.2 | 355.9 | 350.0 | - | 339.6 | 336.8 | 334.6 | - | ||||||||
| Shares Diluted | 24.6 | - | 23.5 | 23.2 | 23.0 | - | 21.8 | 21.4 | 423.3 | - | 376.2 | 355.9 | 350.0 | - | 339.6 | 336.8 | 334.6 | - | ||||||||
| Supplementary Data | ||||||||||||||||||||||||||
| EBITDA | (40.8) | (40.1) | (40.8) | (55.2) | (46.9) | (41.9) | (63.9) | (58.3) | (59.7) | (79.6) | (149.6) | (119.4) | (72.9) | (66.0) | (80.0) | (87.1) | (83.6) | (71.5) | (62.3) | (71.4) | (43.9) | - | (29.8) | (21.1) | (27.3) | - |
| EBIT | (47.2) | (53.0) | (44.3) | (59.0) | (53.8) | (54.9) | (68.2) | (62.7) | (67.1) | (92.9) | (153.8) | (123.3) | (79.9) | (78.3) | (83.3) | (90.4) | (89.8) | (79.2) | (65.3) | |||||||
| - |
| - |
| - |
| Selling & Marketing | 98.1 | 100.7 | 130.9 | 150.2 | 142.4 | 92.6 | 53.0 | 57.0 |
| General & Administrative | 91.2 | 95.7 | 81.5 | 109.1 | 90.4 | 81.4 | 25.9 | 23.9 |
| Depreciation & Amortization | 26.5 | 27.0 | 29.2 | 28.5 | 25.1 | 16.5 | 10.1 | 7.7 |
| Amortization of Intangibles | 12.8 | 12.7 | 12.1 | 12.1 | 11.6 | 4.6 | 0.0 | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 330.7 | 335.7 | 353.7 | 480.1 | 427.7 | 319.0 | 153.9 | 150.4 |
| 3.3 |
| 3.5 |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 4.6 | 2.1 | (3.4) | (1.0) | (1.6) | (2.8) | 0.2 | (0.6) |
| Pre-Tax Income | (201.6) | (216.1) | (272.7) | (457.6) | (347.3) | (135.2) | (196.8) | (134.1) |
| (132.2) |
| (197.0) |
| (134.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (206.3) | (220.2) | (277.1) | (457.6) | (345.1) | (132.2) | (197.0) | (134.3) |
| Net Income Attributable To Parent | (206.3) | (220.2) | (277.1) | (457.6) | (345.1) | (132.2) | (197.0) | (134.3) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (206.3) | (220.2) | (277.1) | (457.6) | (345.1) | (299.0) | (274.2) | (134.3) |
| (18.14) |
| (15.10) |
| Shares Basic | 24.6 | 23.4 | 21.7 | 18.8 | 338.5 | 297.4 | 15.1 | 8.9 |
| Shares Diluted | 24.6 | 23.4 | 21.7 | 18.8 | 338.5 | 302.5 | 15.1 | 8.9 |
| (121.0) |
| (132.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 30.3 |
| 24.4 |
| 21.9 |
| 16.0 |
| - |
| 12.1 |
| 11.0 |
| 14.2 |
| - |
| 23.9 |
| 20.3 |
| 22.7 |
| 14.5 |
| 4.5 |
| 8.8 |
| 4.5 |
| 5.1 |
| 0.5 |
| 6.2 |
| 7.8 |
| 3.1 |
| 2.9 |
| 2.7 |
| - |
| 2.8 |
| 2.4 |
| 2.3 |
| - |
| 3.1 |
| 1.5 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.2) |
| 0.0 |
| - |
| - |
| 0.6 |
| (0.4) |
| - |
| 101.9 |
| 96.7 |
| 81.4 |
| 85.1 |
| 55.8 |
| - |
| 39.8 |
| 32.6 |
| 37.3 |
| - |
| 0.0 |
| 0.0 |
| 1.5 |
| - |
| 0.8 |
| 0.8 |
| 0.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.6) |
| (2.0) |
| (0.2) |
| 0.0 |
| - |
| (0.1) |
| - |
| (0.1) |
| - |
| (91.1) |
| (62.9) |
| (69.8) |
| (84.9) |
| 82.3 |
| (314.9) |
| (40.8) |
| (35.2) |
| (30.0) |
| 0.4 |
| (60.2) |
| (69.4) |
| (84.9) |
| 82.3 |
| (315.5) |
| (40.9) |
| (35.3) |
| (30.1) |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (60.2) |
| (69.4) |
| (84.9) |
| 82.3 |
| (314.7) |
| (40.9) |
| (35.3) |
| (30.1) |
| 0.2 |
| (89.3) |
| (60.2) |
| (69.4) |
| (84.9) |
| 82.3 |
| (314.9) |
| (40.9) |
| (35.3) |
| (30.1) |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (92.7) |
| (89.3) |
| (60.2) |
| (69.4) |
| (84.9) |
| (84.5) |
| (315.1) |
| (46.6) |
| (93.9) |
| (30.1) |
| 0.2 |
| (0.21) |
| (0.29) |
| (0.83) |
| - |
| (3.11) |
| (6.97) |
| (2.46) |
| - |
| 325.0 |
| 312.2 |
| 218.6 |
| - |
| 15.0 |
| 13.5 |
| 12.3 |
| - |
| 325.0 |
| 313.6 |
| 225.5 |
| - |
| 15.0 |
| 13.5 |
| 12.3 |
| - |
| (74.3) |
| (46.6) |
| (4.6) |
| (32.6) |
| (23.5) |
| (29.6) |
| (0.6) |