| (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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | - | - | - | - | - | - | 7.9 | 22.5 | 9.7 | 8.4 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 282.1 | 269.8 | 232.7 | 173.8 | 121.6 | 55.9 | 25.7 | 43.7 | 38.3 | 29.8 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (362.0) | (333.4) | (275.9) | (208.1) | (147.8) | (75.6) | (82.2) | (32.2) | (36.0) | (26.2) |
| Non-Operating | ||||||||||
| Interest Income | 19.3 | 14.7 | 18.1 | 13.1 | 4.0 | 0.5 | 0.1 | 0.3 | 1.2 | 0.4 |
| Interest Expense | - | 3.1 | - | - | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | - | 0.0 | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (354.3) | (328.9) | (255.9) | |||||||
| Per Share | ||||||||||
| EPS Basic | (2.18) | (2.16) | (1.94) | (1.94) | (1.73) | (1.87) | - | - | - | - |
| EPS Diluted | (2.18) | (2.16) | (1.94) | (1.94) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | - | (330.8) | (273.4) | (205.8) | (147.0) | (75.4) | (81.5) | (30.9) | (34.7) | (25.0) |
| EBIT | (362.0) | (333.4) | (275.9) | (208.1) | ||||||
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.3 |
| 0.5 |
| 7.0 |
| 15.3 |
| 1.0 |
| 3.1 |
| 3.1 |
| 3.8 |
| 2.0 |
| 1.7 |
| 2.2 |
| - |
| 2.3 |
| 2.1 |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| Research & Development | 75.4 | 75.6 | 69.0 | 62.2 | 63.0 | 62.0 | 63.6 | 54.3 | 52.7 | 48.7 | 50.1 | 38.9 | 36.0 | 36.7 | 29.9 | 29.5 | 25.5 | 20.5 | 14.8 | 12.4 | 8.2 | 6.1 | 5.0 | 5.1 | 9.5 | 10.4 | 10.3 | 10.6 | 12.4 | 10.8 | 10.3 | 9.1 | 8.1 | 7.6 | 8.2 | 7.1 | 7.0 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| General & Administrative | 28.2 | 23.9 | 14.4 | 13.4 | 11.9 | 11.7 | 11.8 | 10.1 | 9.7 | 9.5 | 9.5 | 8.2 | 7.2 | 7.0 | 6.9 | 6.4 | 5.9 | ||||||||||||||||||||
| Depreciation & Amortization | 0.6 | - | - | - | 0.6 | - | - | - | 0.6 | - | - | - | 0.5 | - | - | - | |||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Total Operating Expenses | 103.6 | 99.5 | 83.4 | 75.6 | 74.9 | 73.7 | 75.4 | 64.4 | 62.4 | 58.2 | 59.6 | 47.1 | 43.2 | 43.7 | 36.8 | 35.9 | |||||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (103.6) | (99.5) | (83.4) | (75.6) | (74.9) | (73.7) | (75.4) | (64.4) | (62.4) | (58.2) | (59.6) | (47.1) | (43.2) | (43.7) | (36.8) | (35.9) | (31.4) | (25.6) | (19.8) | (17.3) | (12.8) | (11.5) | (57.2) | (7.4) | (6.1) | 2.2 | (12.0) | (10.5) | (11.8) | (9.0) | (10.6) | (9.4) | (7.0) | (6.9) | (7.2) | (6.0) | (6.1) |
| Non-Operating | |||||||||||||||||||||||||||||||||||||
| Interest Income | 7.6 | 5.5 | 3.9 | 2.4 | 3.0 | 3.9 | 4.8 | 5.4 | 4.1 | 3.9 | 4.2 | 2.7 | 2.3 | 2.1 | 1.5 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.2 | 0.4 | 0.4 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Interest Expense | 1.2 | - | 1.5 | 0.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Non-Operating Income | 6.3 | (3.0) | 2.4 | 2.1 | 2.9 | 5.8 | 4.8 | 5.4 | 4.1 | 3.9 | 4.2 | 3.0 | 4.7 | 4.1 | 1.8 | 0.9 | 0.8 | ||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (97.4) | (102.5) | (80.9) | (73.5) | (72.0) | (67.9) | (70.6) | (59.0) | (58.3) | (54.4) | (55.4) | (44.1) | (38.6) | (39.6) | (35.1) | (34.9) | (30.6) | ||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income | (97.4) | (102.5) | (80.9) | (73.5) | (72.0) | (67.9) | (70.6) | (59.0) | (58.3) | (54.4) | (55.4) | (44.1) | (38.6) | (39.6) | (35.1) | (34.9) | (30.6) | ||||||||||||||||||||
| Net Income Attributable To Parent | (97.4) | (102.5) | (80.9) | (73.5) | (72.0) | (67.9) | (70.6) | (59.0) | (58.3) | (54.4) | (55.4) | (44.1) | (38.6) | (39.6) | (35.1) | (34.9) | |||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income To Common Shareholders | (97.4) | (102.5) | (80.9) | (73.5) | (72.0) | (67.9) | (70.6) | (59.0) | (58.3) | (54.4) | (55.4) | (44.1) | (38.6) | (39.6) | (35.1) | ||||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.53) | - | (0.50) | (0.53) | (0.52) | - | (0.52) | (0.43) | (0.49) | - | (0.64) | (0.59) | (0.55) | - | (0.50) | (0.71) | (0.68) | - | (0.48) | (0.43) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.53) | - | (0.50) | (0.53) | (0.52) | - | (0.52) | (0.43) | (0.49) | - | (0.64) | (0.59) | (0.55) | - | (0.50) | (0.71) | (0.68) | - | |||||||||||||||||||
| Shares Basic | 162.2 | - | 137.6 | 114.5 | 113.3 | - | 110.2 | 99.2 | 94.8 | - | 86.2 | 74.8 | 70.7 | - | 69.6 | 49.4 | 45.1 | - | |||||||||||||||||||
| Shares Diluted | 162.2 | - | 137.6 | 114.5 | 113.3 | - | 110.2 | 99.2 | 94.8 | - | 86.2 | 74.8 | 70.7 | - | 69.6 | 49.4 | 45.1 | - | |||||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| EBITDA | (103.0) | - | - | - | (74.3) | - | - | - | (61.8) | - | - | - | (42.7) | - | - | - | (31.3) | - | - | - | (12.8) | - | - | - | (5.8) | - | - | - | (11.5) | - | - | - | (6.7) | - | - | - | (5.8) |
| EBIT | (103.6) | (99.5) | (83.4) | (75.6) | (74.9) | (73.7) | (75.4) | (64.4) | (62.4) | (58.2) | (59.6) | (47.1) | (43.2) | (43.7) | (36.8) | (35.9) | (31.4) | (25.6) | (19.8) | ||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 79.9 | 63.6 | 43.3 | 34.4 | 26.2 | 19.6 | 17.4 | 11.0 | 7.5 | 4.7 |
| Depreciation & Amortization | - | 2.6 | 2.5 | 2.3 | 0.8 | 0.1 | 0.7 | 1.3 | 1.3 | 1.2 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 362.0 | 333.4 | 275.9 | 208.1 | 147.8 | 75.6 | 90.1 | 54.7 | 45.7 | 34.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 7.7 | 4.4 | 20.1 | 15.7 | 7.6 | 3.3 | 7.4 | 0.3 | 1.5 | 0.7 |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - |
| (192.4) |
| (140.2) |
| (72.3) |
| (74.8) |
| (31.8) |
| (34.5) |
| (25.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (354.3) | (328.9) | (255.9) | (192.4) | (140.2) | (72.3) | (74.8) | (31.8) | (34.5) | (25.5) |
| Net Income Attributable To Parent | (354.3) | (328.9) | (255.9) | (192.4) | (140.2) | (72.3) | (74.8) | (31.8) | (34.5) | (25.5) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | 104.4 | - | - | - |
| Net Income To Common Shareholders | (354.3) | (328.9) | (255.9) | (192.4) | (140.2) | (72.3) | (179.2) | (31.8) | (34.5) | (25.6) |
| (1.73) |
| (1.87) |
| - |
| - |
| - |
| - |
| Shares Basic | 162.2 | 128.9 | 103.9 | 79.7 | 58.7 | 38.7 | - | - | - | - |
| Shares Diluted | 162.2 | 128.9 | 103.9 | 79.7 | 58.7 | 38.7 | - | - | - | - |
| (147.8) |
| (75.6) |
| (82.2) |
| (32.2) |
| (36.0) |
| (26.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 5.1 |
| 5.0 |
| 4.9 |
| 4.6 |
| 5.3 |
| 5.6 |
| 2.8 |
| 3.7 |
| 2.7 |
| 2.7 |
| 3.1 |
| 2.5 |
| 2.0 |
| 2.4 |
| 2.0 |
| 1.1 |
| 1.4 |
| 1.3 |
| 1.0 |
| 0.9 |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 31.4 |
| 25.6 |
| 19.8 |
| 17.3 |
| 12.8 |
| 11.5 |
| 57.5 |
| 7.9 |
| 13.2 |
| 13.0 |
| 13.1 |
| 13.7 |
| 14.9 |
| 12.8 |
| 12.6 |
| 11.1 |
| 9.2 |
| 9.0 |
| 9.5 |
| 8.1 |
| 7.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.7 |
| 0.7 |
| 0.7 |
| 1.1 |
| 0.1 |
| 7.2 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.2 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (24.9) |
| (19.1) |
| (16.5) |
| (11.7) |
| (11.3) |
| (50.0) |
| (7.4) |
| (6.1) |
| 2.3 |
| (11.9) |
| (10.5) |
| (11.7) |
| (8.6) |
| (10.2) |
| (9.0) |
| (6.7) |
| (6.7) |
| (7.0) |
| (5.9) |
| (5.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (24.9) |
| (19.1) |
| (16.5) |
| (11.7) |
| (11.3) |
| (50.0) |
| (7.4) |
| (6.1) |
| 2.3 |
| (11.9) |
| (10.5) |
| (11.7) |
| (8.6) |
| (10.2) |
| (9.0) |
| (6.7) |
| (6.7) |
| (7.0) |
| (5.9) |
| (5.9) |
| (30.6) |
| (24.9) |
| (19.1) |
| (16.5) |
| (11.7) |
| (11.3) |
| (50.0) |
| (7.4) |
| (6.1) |
| 2.3 |
| (11.9) |
| (10.5) |
| (11.7) |
| (8.6) |
| (10.2) |
| (9.0) |
| (6.7) |
| (6.7) |
| (7.0) |
| (5.9) |
| (5.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (34.9) |
| (30.6) |
| (24.9) |
| (19.1) |
| (16.5) |
| (11.7) |
| (115.7) |
| (50.0) |
| (7.4) |
| (6.1) |
| 2.3 |
| (11.9) |
| (10.5) |
| (11.7) |
| (8.6) |
| (10.2) |
| (9.0) |
| (6.8) |
| (6.7) |
| (7.0) |
| (5.9) |
| (6.0) |
| (0.48) |
| (0.43) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 39.8 |
| 38.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 39.8 |
| 38.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (17.3) |
| (12.8) |
| (11.5) |
| (57.2) |
| (7.4) |
| (6.1) |
| 2.2 |
| (12.0) |
| (10.5) |
| (11.8) |
| (9.0) |
| (10.6) |
| (9.4) |
| (7.0) |
| (6.9) |
| (7.2) |
| (6.0) |
| (6.1) |