| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||
| Revenues | 195.7 | 196.9 | 194.2 | 187.1 | 179.3 | 179.2 | 176.1 | 170.3 | 169.1 | 168.9 | 165.5 | 153.7 | 147.6 | 142.2 | 136.4 | 124.8 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 773.9 | 757.5 | 694.7 | 635.8 | 523.8 | 415.3 | 293.5 | 184.4 |
| Cost of Revenue | 349.8 | 344.1 | 323.3 | 306.0 | 192.3 | 165.8 | 138.8 | 89.6 |
| Gross Profit | 424.1 | 413.4 | 371.4 | 329.8 | 331.5 | 249.5 | 154.7 | 94.8 |
| Operating Expenses | ||||||||
| Research & Development | 123.4 | 121.6 | 132.1 | 160.1 | 165.1 | 135.4 | 76.8 | 56.4 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (88.3) | (77.4) | (113.2) | (145.6) | (177.4) | (143.1) | (66.6) | (48.4) |
| Non-Operating | ||||||||
| Interest Income | 31.3 | 32.0 | 36.7 | 34.4 | 9.1 | 0.3 | 1.2 | 3.3 |
| Interest Expense | - | - | - | - | - | 0.0 | ||
| Tax & Net | ||||||||
| Income Tax Expense | 5.0 | 5.1 | 1.0 | 5.4 | 4.7 | 2.1 | 1.5 | 0.7 |
| Net Income From Continuing Ops | (63.7) | (51.0) | (79.5) | (116.6) | (175.4) | |||
| Per Share | ||||||||
| EPS Basic | (0.38) | (0.31) | (0.51) | (0.77) | (1.21) | (1.28) | (1.80) | - |
| EPS Diluted | (0.38) | (0.31) | (0.51) | (0.77) | (1.21) | (1.28) | ||
| Supplementary Data | ||||||||
| EBITDA | - | (48.6) | (88.1) | (123.3) | (158.9) | (128.3) | (57.0) | (43.1) |
| EBIT | (88.3) | (77.4) | (113.2) | (145.6) | (177.4) | (143.1) | ||
| 120.4 |
| 115.0 |
| 109.9 |
| 102.1 |
| 88.4 |
| 83.3 |
| 82.7 |
| 73.7 |
| 53.8 |
| Cost of Revenue | 87.1 | 90.1 | 88.2 | 84.4 | 81.4 | 83.7 | 79.9 | 80.1 | 79.6 | 79.6 | 82.3 | 74.0 | 70.2 | 54.3 | 48.8 | 46.3 | 42.8 | 43.7 | 42.2 | 41.2 | 38.8 | 39.8 | 39.0 | 35.2 | 25.0 |
| Gross Profit | 108.6 | 106.8 | 106.0 | 102.7 | 97.9 | 95.5 | 96.2 | 90.2 | 89.5 | 89.4 | 83.3 | 79.7 | 77.5 | 87.9 | 87.6 | 78.4 | 77.6 | 71.3 | 67.7 | 60.9 | 49.5 | 43.5 | 43.7 | 38.6 | 28.9 |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 31.3 | 32.8 | 30.0 | 29.3 | 29.5 | 32.2 | 31.6 | 33.7 | 34.6 | 37.4 | 37.6 | 41.3 | 43.8 | 42.8 | 39.4 | 44.9 | 38.0 | 38.3 | 33.9 | 41.0 | 22.1 | 23.3 | 19.6 | 18.0 | 15.8 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | 69.3 | 67.9 | 67.4 | 63.6 | 56.8 | 60.2 | 59.0 | 58.1 | 57.6 | 58.1 | 59.8 | 52.0 | 52.9 | 61.9 | 58.5 | 55.6 | 51.7 | ||||||||
| General & Administrative | 33.3 | 38.4 | 24.2 | 24.9 | 26.9 | 26.8 | 27.3 | 29.6 | 25.0 | 22.4 | 25.4 | 24.9 | 25.5 | 29.0 | 26.0 | 25.7 | 25.2 | ||||||||
| Depreciation & Amortization | 7.5 | - | - | - | 7.1 | - | - | - | 6.4 | - | - | - | 5.5 | - | - | - | |||||||||
| Amortization of Intangibles | 1.9 | - | 2.5 | 2.5 | 2.1 | 1.8 | 1.4 | 1.2 | 1.1 | 0.9 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 133.9 | 139.1 | 121.6 | 117.8 | 112.3 | 126.0 | 117.9 | 121.4 | 119.3 | 117.9 | 122.9 | 118.1 | 116.5 | 143.9 | 123.9 | 126.2 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (25.3) | (32.3) | (15.6) | (15.1) | (14.4) | (30.5) | (21.7) | (31.2) | (29.8) | (28.6) | (39.6) | (38.4) | (39.1) | (56.0) | (36.3) | (47.8) | (37.2) | (47.5) | (31.4) | (45.8) | (18.4) | (26.2) | (11.9) | (13.8) | (14.7) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 7.1 | 7.9 | 8.3 | 8.0 | 7.8 | 8.5 | 9.3 | 9.3 | 9.6 | 9.3 | 8.9 | 8.2 | 8.0 | 5.7 | 2.3 | 0.8 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.7 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | (0.9) | (0.4) | (0.5) | 0.1 | 0.3 | (1.9) | 0.2 | 0.0 | (0.3) | 0.2 | (0.3) | (0.0) | 0.1 | 0.2 | (1.0) | (1.2) | (0.4) | ||||||||
| Pre-Tax Income | (19.1) | (24.8) | (7.8) | (7.0) | (6.3) | (23.9) | (12.2) | (21.9) | (20.5) | (19.1) | (31.1) | (30.1) | (30.9) | (50.2) | (35.0) | (48.2) | |||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | 1.4 | 2.0 | 0.8 | 0.8 | 1.5 | (2.3) | 1.5 | 1.0 | 0.8 | 1.3 | 1.0 | 1.6 | 1.4 | 1.5 | 1.0 | 1.2 | 1.0 | 0.2 | 0.8 | 0.7 | 0.4 | 0.7 | 0.3 | 0.4 | 0.1 |
| Net Income From Continuing Ops | (20.5) | (26.8) | (8.6) | (7.8) | (7.8) | (21.6) | (13.7) | (22.9) | (21.3) | (20.4) | (32.1) | (31.7) | (32.4) | (51.7) | (36.0) | (49.3) | (38.3) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (20.5) | (26.8) | (8.6) | (7.8) | (7.8) | (21.6) | (13.7) | (22.9) | (21.3) | (20.4) | (32.1) | (31.7) | (32.4) | (51.7) | (36.0) | (49.3) | (38.3) | ||||||||
| Net Income Attributable To Parent | (20.5) | (26.8) | (8.6) | (7.8) | (7.8) | (21.6) | (13.7) | (22.9) | (21.3) | (20.4) | (32.1) | (31.7) | (32.4) | (51.7) | (36.0) | (49.3) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (20.5) | (26.8) | (8.6) | (7.8) | (7.8) | (21.6) | (13.7) | (22.9) | (21.3) | (20.4) | (32.1) | (31.7) | (32.4) | (51.7) | (36.0) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.12) | - | (0.05) | (0.05) | (0.05) | - | (0.09) | (0.15) | (0.14) | - | (0.21) | (0.21) | (0.22) | - | (0.25) | (0.34) | (0.27) | - | (0.23) | (0.35) | - | - | - | - | - |
| EPS Diluted | (0.12) | - | (0.05) | (0.05) | (0.05) | - | (0.09) | (0.15) | (0.14) | - | (0.21) | (0.21) | (0.22) | - | (0.25) | (0.34) | (0.27) | - | |||||||
| Shares Basic | 168.7 | - | 164.6 | 162.5 | 160.7 | - | 157.6 | 156.3 | 156.4 | - | 150.9 | 150.3 | 149.0 | - | 146.0 | 144.8 | 143.0 | - | |||||||
| Shares Diluted | 168.7 | - | 164.6 | 162.5 | 160.7 | - | 157.6 | 156.3 | 156.4 | - | 150.9 | 150.3 | 149.0 | - | 146.0 | 144.8 | 143.0 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (17.8) | - | - | - | (7.3) | - | - | - | (23.4) | - | - | - | (33.6) | - | - | - | (33.0) | - | - | - | (15.4) | - | - | - | (12.7) |
| EBIT | (25.3) | (32.3) | (15.6) | (15.1) | (14.4) | (30.5) | (21.7) | (31.2) | (29.8) | (28.6) | (39.6) | (38.4) | (39.1) | (56.0) | (36.3) | (47.8) | (37.2) | (47.5) | (31.4) | ||||||
| - |
| - |
| - |
| Selling & Marketing | 268.2 | 255.7 | 234.9 | 222.8 | 227.7 | 179.3 | 107.2 | 57.0 |
| General & Administrative | 120.8 | 114.4 | 108.7 | 98.3 | 105.9 | 77.8 | 37.2 | 29.8 |
| Depreciation & Amortization | - | 28.8 | 25.1 | 22.3 | 18.5 | 14.8 | 9.6 | 5.3 |
| Amortization of Intangibles | - | - | 5.5 | 3.0 | 2.6 | 2.2 | 1.5 | 0.5 |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 512.4 | 490.8 | 484.6 | 475.4 | 508.9 | 392.5 | 221.2 | 143.2 |
| 0.0 |
| 0.6 |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (1.7) | (0.5) | (2.0) | 0.0 | (2.4) | (0.3) | 0.1 | (0.3) |
| Pre-Tax Income | (58.7) | (45.9) | (78.5) | (111.2) | (170.6) | (143.1) | (65.3) | (46.0) |
| (145.2) |
| (66.8) |
| (46.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (63.7) | (51.0) | (79.5) | (116.6) | (175.4) | (145.2) | (66.8) | (46.7) |
| Net Income Attributable To Parent | (63.7) | (51.0) | (79.5) | (116.6) | (175.4) | (145.2) | (66.8) | (46.7) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (63.7) | (51.0) | (79.5) | (116.6) | (175.4) | (145.2) | (66.8) | (46.7) |
| (1.80) |
| - |
| Shares Basic | 168.7 | 163.8 | 157.4 | 151.0 | 145.3 | 113.6 | 37.2 | - |
| Shares Diluted | 168.7 | 163.8 | 157.4 | 151.0 | 145.3 | 113.6 | 37.2 | - |
| (66.6) |
| (48.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 57.6 |
| 45.3 |
| 43.9 |
| 32.6 |
| 35.0 |
| 26.2 |
| 25.4 |
| 20.7 |
| 22.9 |
| 19.9 |
| 21.8 |
| 13.1 |
| 11.4 |
| 9.8 |
| 8.9 |
| 7.1 |
| 4.2 |
| - |
| - |
| - |
| 2.9 |
| - |
| - |
| - |
| 2.0 |
| 0.6 |
| 0.6 |
| 0.6 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 114.8 |
| 118.8 |
| 99.1 |
| 106.7 |
| 67.9 |
| 69.7 |
| 55.6 |
| 52.4 |
| 43.6 |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| (0.3) |
| 0.0 |
| (0.0) |
| 0.1 |
| 0.2 |
| 0.0 |
| (0.3) |
| (37.3) |
| (47.5) |
| (31.7) |
| (45.7) |
| (18.3) |
| (26.0) |
| (11.5) |
| (13.5) |
| (14.2) |
| (47.7) |
| (32.5) |
| (46.4) |
| (18.7) |
| (26.7) |
| (11.9) |
| (13.9) |
| (14.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (47.7) |
| (32.5) |
| (46.4) |
| (18.7) |
| (26.7) |
| (11.9) |
| (13.9) |
| (14.3) |
| (38.3) |
| (47.7) |
| (32.5) |
| (46.4) |
| (18.7) |
| (26.7) |
| (11.9) |
| (13.9) |
| (14.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (49.3) |
| (38.3) |
| (47.7) |
| (32.5) |
| (46.4) |
| (18.7) |
| (26.7) |
| (11.9) |
| (13.9) |
| (14.3) |
| (0.23) |
| (0.35) |
| - |
| - |
| - |
| - |
| - |
| 138.8 |
| 131.8 |
| - |
| - |
| - |
| - |
| - |
| 138.8 |
| 131.8 |
| - |
| - |
| - |
| - |
| - |
| (45.8) |
| (18.4) |
| (26.2) |
| (11.9) |
| (13.8) |
| (14.7) |