| (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 | Q3 FY 17 | Q2 FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||
| Revenues | 10.7 | 6.2 | 0.1 | 1.0 | 0.4 | 0.0 | 0.0 | 0.4 | 0.6 | 0.0 | 0.3 | 1.0 | 2.7 | 0.7 | 0.5 | 0.4 | |||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | 18.1 | 7.7 | 1.0 | 4.0 | 4.7 | 1.1 | 0.1 | 1.2 | 2.4 | 2.0 | 0.6 |
| Cost of Revenue | - | 1.1 | 0.0 | 0.0 | - | - | - | - | - | - | - |
| Gross Profit | - | 6.6 | 1.0 | 4.0 | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||
| Research & Development | 355.9 | 332.1 | 240.2 | 168.5 | 130.2 | 84.3 | 57.0 | 41.5 | 24.5 | 9.2 | 5.1 |
| Selling General & Administrative | - | 191.3 | |||||||||
| Operating Income | |||||||||||
| Operating Income | (545.7) | (516.8) | (338.9) | (222.6) | (167.9) | (107.7) | (75.0) | (53.8) | (28.7) | (9.1) | (6.0) |
| Non-Operating | |||||||||||
| Interest Income | 49.8 | 52.0 | 41.4 | 13.4 | 4.3 | 0.2 | 1.0 | 3.5 | 1.7 | 0.0 | 0.0 |
| Interest Expense | - | - | - | ||||||||
| Tax & Net | |||||||||||
| Income Tax Expense | - | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (496.4) | (465.3) | |||||||||
| Per Share | |||||||||||
| EPS Basic | (4.77) | (4.95) | (3.69) | (3.69) | (3.15) | (2.80) | (2.42) | - | - | - | - |
| EPS Diluted | (4.77) | (4.95) | (3.69) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | - | (512.9) | (336.1) | (221.5) | (166.9) | (106.8) | (74.0) | (52.9) | (28.2) | (9.0) | (6.0) |
| EBIT | (545.7) | (516.8) | (338.9) | ||||||||
| 3.1 |
| - |
| 0.0 |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.1 |
| - |
| 0.5 |
| - |
| 0.4 |
| 0.8 |
| 0.5 |
| 0.7 |
| 0.4 |
| 0.6 |
| 0.8 |
| Cost of Revenue | 0.2 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 10.5 | - | - | - | 0.4 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||
| Research & Development | 100.1 | 85.1 | 90.5 | 80.3 | 76.2 | 66.6 | 61.9 | 58.3 | 53.3 | 45.6 | 43.8 | 40.6 | 38.5 | 37.0 | 32.0 | 33.0 | 28.3 | 24.6 | 21.6 | 20.5 | 17.6 | 16.8 | 13.7 | 12.6 | 13.9 | 12.1 | 11.8 | 10.3 | 7.3 | 7.7 | 6.9 | 5.2 | 4.7 | 2.5 | 2.1 |
| Selling General & Administrative | - | - | - | 49.8 | 35.5 | - | - | 24.8 | 20.8 | - | - | - | - | - | - | - | |||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| General & Administrative | 50.8 | - | 52.3 | 49.8 | 35.5 | 28.2 | 25.9 | 24.8 | 20.8 | 17.1 | 15.5 | 13.3 | 12.2 | 11.3 | 11.9 | 10.5 | 8.7 | ||||||||||||||||||
| Depreciation & Amortization | 1.2 | - | - | - | 0.9 | - | - | - | 0.5 | - | - | - | 0.3 | - | - | - | |||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Total Operating Expenses | 151.1 | 139.8 | 142.7 | 130.1 | 111.8 | 94.7 | 87.8 | 83.2 | 74.2 | 62.7 | 59.3 | 54.0 | 50.7 | 48.3 | 43.9 | 43.5 | |||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||
| Operating Income | (140.4) | (133.7) | (142.6) | (129.1) | (111.4) | (94.7) | (87.8) | (82.8) | (73.5) | (62.7) | (59.0) | (53.0) | (48.0) | (47.6) | (43.5) | (43.0) | (33.8) | (30.9) | (27.8) | (26.1) | (22.9) | (21.8) | (18.5) | (16.9) | (17.8) | (15.2) | (15.2) | (13.3) | (10.0) | (9.4) | (8.1) | (5.7) | (5.5) | (2.4) | (1.6) |
| Non-Operating | |||||||||||||||||||||||||||||||||||
| Interest Income | 12.7 | 11.2 | 12.5 | 13.5 | 14.8 | 14.4 | 11.0 | 8.7 | 7.3 | 6.7 | 2.6 | 2.1 | 2.0 | 1.9 | 1.5 | 0.7 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.3 | 0.6 | 0.7 | 0.8 | 1.0 | 1.0 | 1.0 | 0.5 | 0.2 | 0.1 | 0.0 | 0.0 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Income From Equity Investments | - | - | 0.0 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Other Non-Operating Income | 12.5 | 11.0 | 12.5 | 13.5 | 14.6 | 14.2 | 11.0 | 8.7 | 7.1 | 6.8 | 2.5 | 2.0 | 2.0 | 2.6 | 1.5 | 0.7 | 0.2 | ||||||||||||||||||
| Pre-Tax Income | - | - | (130.1) | - | - | - | (76.8) | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (127.8) | (122.8) | (130.1) | (115.6) | (96.8) | (80.6) | (76.8) | (74.1) | (66.9) | (60.1) | (57.5) | (51.0) | (46.0) | (45.0) | (41.9) | (42.4) | (34.6) | ||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income | (127.8) | (122.8) | (130.1) | (115.6) | (96.8) | (80.6) | (76.8) | (74.1) | (66.9) | (60.1) | (57.5) | (51.0) | (46.0) | (45.0) | (41.9) | (42.4) | (34.6) | ||||||||||||||||||
| Net Income Attributable To Parent | (127.8) | (122.8) | (130.1) | (115.6) | (96.8) | (80.6) | (76.8) | (74.1) | (66.9) | (60.1) | (57.5) | (51.0) | (46.0) | (45.0) | (41.9) | (42.4) | |||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income To Common Shareholders | (127.8) | (122.8) | (130.1) | (115.6) | (96.8) | (80.6) | (76.8) | (74.1) | (66.9) | (60.1) | (57.5) | (51.0) | (46.0) | (45.0) | (41.9) | ||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||
| EPS Basic | (1.23) | - | (1.38) | (1.23) | (1.04) | - | (0.96) | (0.94) | (0.93) | - | (1.01) | (0.94) | (0.85) | - | (0.78) | (0.81) | (0.73) | - | (0.73) | (0.70) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (1.23) | - | (1.38) | (1.23) | (1.04) | - | (0.96) | (0.94) | (0.93) | - | (1.01) | (0.94) | (0.85) | - | (0.78) | (0.81) | (0.73) | - | |||||||||||||||||
| Shares Basic | 104.1 | - | 94.2 | 93.8 | 93.1 | - | 80.1 | 79.0 | 72.3 | - | 56.8 | 54.3 | 53.9 | - | 53.8 | 52.5 | 47.7 | - | |||||||||||||||||
| Shares Diluted | 104.1 | - | 94.2 | 93.8 | 93.1 | - | 80.1 | 79.0 | 72.3 | - | 56.8 | 54.3 | 53.9 | - | 53.8 | 52.5 | 47.7 | - | |||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||
| EBITDA | (139.2) | - | - | - | (110.5) | - | - | - | (73.1) | - | - | - | (47.7) | - | - | - | (33.6) | - | - | - | (22.7) | - | - | - | (17.5) | - | - | - | (9.8) | - | - | - | (5.5) | - | - |
| EBIT | (140.4) | (133.7) | (142.6) | (129.1) | (111.4) | (94.7) | (87.8) | (82.8) | (73.5) | (62.7) | (59.0) | (53.0) | (48.0) | (47.6) | (43.5) | (43.0) | (33.8) | (30.9) | (27.8) | ||||||||||||||||
| 99.7 |
| 58.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | 99.7 | 58.1 | 42.4 | 24.5 | 18.0 | 13.5 | 6.7 | 1.9 | 1.5 |
| Depreciation & Amortization | - | 3.9 | 2.8 | 1.1 | 1.0 | 0.9 | 0.9 | 0.9 | 0.5 | 0.1 | 0.1 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 563.8 | 524.5 | 339.9 | 226.6 | 172.6 | 108.8 | 75.0 | 55.0 | 31.1 | 11.2 | 6.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| Income From Equity Investments | - | 0.0 | (0.5) | (5.2) | - | - | - | - | - | - | - |
| Other Non-Operating Income | 49.5 | 51.6 | 40.9 | 13.3 | 5.0 | 0.1 | 1.1 | 3.4 | 1.6 | (0.0) | 0.0 |
| Pre-Tax Income | - | (465.1) | (298.4) | (214.5) | (163.9) | (107.6) | (73.8) | (50.4) | (27.1) | (9.2) | (6.0) |
| (298.4) |
| (214.5) |
| (163.9) |
| (107.6) |
| (73.8) |
| (50.4) |
| (27.1) |
| (9.2) |
| (6.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (496.4) | (465.3) | (298.4) | (214.5) | (163.9) | (107.6) | (73.8) | (50.4) | (27.1) | (9.2) | (6.0) |
| Net Income Attributable To Parent | (496.4) | (465.3) | (298.4) | (214.5) | (163.9) | (107.6) | (73.8) | (50.4) | (27.1) | (9.2) | (6.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (496.4) | (465.3) | (298.4) | (214.5) | (163.9) | (107.6) | (73.8) | (50.4) | (27.1) | (9.2) | (6.0) |
| (3.69) |
| (3.15) |
| (2.80) |
| (2.42) |
| - |
| - |
| - |
| - |
| Shares Basic | 104.1 | 94.1 | 80.8 | 58.1 | 52.0 | 38.4 | 30.4 | - | - | - | - |
| Shares Diluted | 104.1 | 94.1 | 80.8 | 58.1 | 52.0 | 38.4 | 30.4 | - | - | - | - |
| (222.6) |
| (167.9) |
| (107.7) |
| (75.0) |
| (53.8) |
| (28.7) |
| (9.1) |
| (6.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.4 |
| 6.2 |
| 5.6 |
| 5.3 |
| 5.0 |
| 4.8 |
| 4.3 |
| 4.0 |
| 3.4 |
| 3.9 |
| 3.1 |
| 3.2 |
| 2.6 |
| 1.7 |
| 1.1 |
| 1.2 |
| 0.5 |
| 0.4 |
| 0.2 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 37.0 |
| 32.0 |
| 27.8 |
| 26.1 |
| 22.9 |
| 21.8 |
| 18.5 |
| 16.9 |
| 17.9 |
| 15.5 |
| 15.7 |
| 13.3 |
| 10.4 |
| 10.2 |
| 8.6 |
| 6.3 |
| 6.0 |
| 3.0 |
| 2.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| (0.0) |
| (0.0) |
| 0.0 |
| 0.2 |
| 0.1 |
| 0.4 |
| 0.4 |
| 0.7 |
| 0.8 |
| 0.9 |
| 1.0 |
| 0.9 |
| 0.5 |
| 0.1 |
| 0.1 |
| (0.0) |
| (0.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (30.8) |
| (27.9) |
| (26.1) |
| (22.9) |
| (21.6) |
| (18.3) |
| (16.5) |
| (17.4) |
| (14.5) |
| (14.4) |
| (12.4) |
| (9.0) |
| (8.5) |
| (7.6) |
| (5.6) |
| (5.5) |
| (2.4) |
| (1.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (30.8) |
| (27.9) |
| (26.1) |
| (22.9) |
| (21.6) |
| (18.3) |
| (16.5) |
| (17.4) |
| (14.5) |
| (14.4) |
| (12.4) |
| (9.0) |
| (8.5) |
| (7.6) |
| (5.6) |
| (5.5) |
| (2.4) |
| (1.6) |
| (34.6) |
| (30.8) |
| (27.9) |
| (26.1) |
| (22.9) |
| (21.6) |
| (18.3) |
| (16.5) |
| (17.4) |
| (14.5) |
| (14.4) |
| (12.4) |
| (9.0) |
| (8.5) |
| (7.6) |
| (5.6) |
| (5.5) |
| (2.4) |
| (1.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (42.4) |
| (34.6) |
| (30.8) |
| (27.9) |
| (26.1) |
| (22.9) |
| (21.6) |
| (18.3) |
| (16.5) |
| (17.4) |
| (14.5) |
| (14.4) |
| (12.4) |
| (9.0) |
| (8.5) |
| (7.6) |
| (5.6) |
| (5.5) |
| (2.4) |
| (1.6) |
| (0.73) |
| (0.70) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 38.3 |
| 37.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 38.3 |
| 37.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (26.1) |
| (22.9) |
| (21.8) |
| (18.5) |
| (16.9) |
| (17.8) |
| (15.2) |
| (15.2) |
| (13.3) |
| (10.0) |
| (9.4) |
| (8.1) |
| (5.7) |
| (5.5) |
| (2.4) |
| (1.6) |