| (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 | Q4 FY 16 | Q3 FY 16 | Q2 FY 16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 10.3 | 0.7 | 6.0 | 18.7 | 50.9 | 38.1 | 33.4 | 25.1 | 41.5 | 26.6 | 26.4 | 24.7 | 23.5 | 20.1 | 11.1 | 12.9 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||
| Revenues | 35.5 | 76.2 | 138.1 | 101.2 | 53.2 | 37.3 | 68.4 | 26.9 | 59.5 | 71.6 | 15.0 | 7.7 | 5.1 | 0.9 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||
| Research & Development | 69.1 | 68.7 | 83.4 | 77.7 | 111.6 | 114.2 | 112.9 | 131.6 | 103.9 | 92.3 | 54.8 | 28.4 | 28.3 | 10.9 |
| Operating Income | ||||||||||||||
| Operating Income | (64.7) | (22.4) | 25.0 | (6.5) | (101.3) | (116.0) | (80.5) | (141.5) | (77.9) | (46.3) | (59.6) | (33.2) | (29.8) | (15.0) |
| Non-Operating | ||||||||||||||
| Interest Income | 5.7 | 5.2 | 7.1 | 9.8 | 1.7 | 0.3 | 1.8 | 8.4 | 7.6 | 2.7 | 0.7 | 1.3 | 0.0 | 0.0 |
| Interest Expense | ||||||||||||||
| Tax & Net | ||||||||||||||
| Income Tax Expense | 0.2 | 0.2 | 0.2 | 3.9 | 0.0 | 0.0 | (13.9) | (0.4) | 14.3 | (0.5) | (0.0) | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | ||||||||||||||
| Per Share | ||||||||||||||
| EPS Basic | (0.35) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | ||||||||||||||
| Supplementary Data | ||||||||||||||
| EBITDA | - | (21.2) | 26.6 | (4.5) | (99.0) | (113.4) | (78.1) | (139.0) | (76.0) | (44.6) | (57.9) | (32.0) | (29.0) | (14.3) |
| EBIT | ||||||||||||||
| 9.0 |
| (12.5) |
| 17.6 |
| 16.3 |
| 16.0 |
| (15.6) |
| 17.8 |
| 16.6 |
| 49.6 |
| (22.3) |
| 10.7 |
| 9.0 |
| 29.5 |
| 11.5 |
| 12.5 |
| 21.3 |
| 14.2 |
| 27.1 |
| 24.1 |
| 8.8 |
| 11.7 |
| 6.3 |
| 3.5 |
| 3.1 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 19.2 | 21.2 | 15.3 | 13.3 | 18.9 | 14.8 | 21.4 | 25.2 | 22.1 | 19.4 | 16.4 | 20.7 | 21.2 | 19.6 | 30.4 | 31.2 | 30.6 | 36.6 | 29.1 | 26.1 | 22.4 | 22.0 | 24.0 | 24.1 | 42.8 | 36.4 | 28.0 | 30.8 | 36.4 | 28.3 | 27.5 | 25.6 | 22.5 | 20.7 | 28.9 | 28.1 | 14.6 | 15.3 | 13.3 | 12.7 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 10.7 | 7.4 | 6.4 | 6.6 | 9.4 | 5.6 | 8.0 | 8.4 | 7.8 | 7.8 | 6.8 | 7.4 | 8.0 | 10.1 | 10.5 | 11.7 | 10.5 | |||||||||||||||||||||||
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Amortization of Intangibles | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 29.9 | 28.6 | 21.7 | 19.9 | 28.3 | 20.4 | 29.3 | 33.6 | 29.8 | 27.2 | 23.3 | 28.1 | 29.2 | 29.6 | 40.9 | 42.9 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (19.7) | (27.9) | (15.8) | (1.3) | 22.6 | 17.7 | 4.1 | (8.5) | 11.7 | (0.6) | 3.1 | (3.3) | (5.7) | (9.5) | (29.7) | (30.1) | (32.1) | (58.6) | (22.6) | (19.2) | (15.6) | (46.7) | (14.9) | (16.1) | (2.8) | (68.0) | (25.7) | (31.2) | (16.6) | (25.8) | (23.2) | (13.3) | (15.6) | (1.2) | (11.0) | (25.4) | (8.6) | (14.2) | (14.9) | (14.3) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 1.5 | 1.5 | 1.6 | 1.2 | 1.0 | 1.3 | 1.7 | 2.0 | 2.2 | 2.5 | 2.7 | 2.3 | 2.3 | 0.7 | 0.6 | 0.3 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.2 | 0.5 | 1.1 | 1.5 | 2.0 | 2.4 | 2.5 | 2.5 | 2.2 | 1.5 | 1.4 | 1.3 | 0.8 | 0.4 | 0.2 | (1.1) | 0.7 | 0.7 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | 0.3 | 0.0 | |||||||||||||||||||||||
| Pre-Tax Income | (18.2) | (26.5) | (14.2) | (0.1) | 23.6 | 18.9 | 5.8 | (6.5) | 13.8 | 1.9 | 5.8 | (1.1) | (3.3) | - | (29.1) | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 1.1 | 2.8 | 0.0 | 0.0 | - | 0.0 | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | (13.9) | (0.4) | 0.0 | 0.0 | (0.0) | 8.9 | 2.5 | 1.8 | 1.1 | (0.5) | (0.0) | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 |
| Net Income From Continuing Ops | (18.2) | (26.5) | (14.2) | (0.2) | 23.5 | 18.9 | 5.7 | (6.5) | 13.8 | 0.8 | 3.0 | (1.1) | (3.3) | (8.8) | (29.1) | (29.5) | (32.0) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (18.2) | (26.5) | (14.2) | (0.2) | 23.5 | 18.9 | 5.7 | (6.5) | 13.8 | 0.8 | 3.0 | (1.1) | (3.3) | (8.8) | (29.1) | (29.5) | (32.0) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (18.2) | (26.5) | (14.2) | (0.2) | 23.5 | 18.9 | 5.7 | (6.5) | 13.8 | 0.8 | 3.0 | (1.1) | (3.3) | (8.8) | (29.1) | (29.5) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (18.2) | (29.5) | (14.2) | (0.2) | 23.5 | 18.9 | 5.7 | (6.5) | 13.8 | 0.8 | 3.0 | (1.1) | (3.3) | (8.8) | (29.1) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Shares Basic | 177.3 | - | 165.0 | 129.1 | 87.1 | - | 85.1 | 84.9 | 82.0 | - | 80.7 | 66.5 | 66.2 | - | 65.9 | 65.5 | 65.4 | - | ||||||||||||||||||||||
| Shares Diluted | 177.3 | - | 165.0 | 129.1 | 87.2 | - | 85.2 | 84.9 | 82.6 | - | 81.0 | 66.5 | 66.2 | - | 65.9 | 65.5 | 65.4 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (15.9) | - | - | - | (15.3) | (0.7) | (10.7) | (25.0) | (8.2) | (13.7) | (14.5) | (13.8) |
| EBIT | (19.7) | (27.9) | (15.8) | (1.3) | 22.6 | 17.7 | 4.1 | (8.5) | 11.7 | (0.6) | 3.1 | (3.3) | (5.7) | (9.5) | (29.7) | (30.1) | (32.1) | (58.6) | (22.6) | |||||||||||||||||||||
| Selling General & Administrative |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 31.1 | 29.8 | 29.7 | 30.0 | 42.8 | 39.2 | 36.0 | 36.8 | 33.5 | 25.6 | 19.9 | 12.6 | 6.5 | 5.0 |
| Depreciation & Amortization | - | 1.2 | 1.6 | 2.0 | 2.3 | 2.6 | 2.4 | 2.5 | 1.9 | 1.6 | 1.7 | 1.2 | 0.8 | 0.7 |
| Amortization of Intangibles | - | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 100.2 | 98.6 | 113.1 | 107.7 | 154.5 | 153.4 | 149.0 | 168.4 | 137.4 | 117.9 | 74.6 | 40.9 | 34.8 | 15.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.7 |
| 1.7 |
| 0.5 |
| 0.3 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.0 | 0.0 | (0.0) | (0.0) | 0.3 | (0.1) | (0.0) | (0.1) | (0.1) | (0.0) | (0.1) | (1.7) | (0.1) | 0.1 |
| Pre-Tax Income | (58.9) | (17.1) | 32.1 | 3.3 | (99.3) | (115.9) | (78.7) | (133.3) | (70.3) | (43.6) | (58.9) | (35.4) | (30.3) | (15.1) |
| (59.1) |
| (17.4) |
| 31.9 |
| (0.6) |
| (99.3) |
| (115.9) |
| (64.8) |
| (132.8) |
| (84.6) |
| (43.1) |
| (58.9) |
| (35.4) |
| (30.3) |
| (15.1) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (59.1) | (17.4) | 31.9 | (0.6) | (99.3) | (115.9) | (64.8) | (132.8) | (84.6) | (43.1) | (58.9) | (35.4) | (30.3) | (15.1) |
| Net Income Attributable To Parent | (59.1) | (17.4) | 31.9 | (0.6) | (99.3) | (115.9) | (64.8) | (132.8) | (84.6) | (43.1) | (58.9) | (35.4) | (30.3) | (15.1) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | 6.7 | 4.6 | 3.8 |
| Net Income To Common Shareholders | (62.1) | (20.4) | 31.9 | (0.6) | (99.3) | (115.9) | (64.8) | (132.8) | (84.6) | (43.1) | (58.9) | (42.1) | (34.9) | (18.9) |
| (0.35) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 177.3 | 137.9 | 84.4 | 73.8 | 65.7 | 64.1 | 46.1 | 45.3 | - | - | - | - | - | - |
| Shares Diluted | 177.3 | 137.9 | 84.7 | 73.8 | 65.7 | 64.1 | 46.1 | 45.3 | - | - | - | - | - | - |
| (64.7) |
| (22.4) |
| 25.0 |
| (6.5) |
| (101.3) |
| (116.0) |
| (80.5) |
| (141.5) |
| (77.9) |
| (46.3) |
| (59.6) |
| (33.2) |
| (29.8) |
| (15.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 9.5 |
| 11.1 |
| 9.4 |
| 9.2 |
| 9.1 |
| 8.6 |
| 8.7 |
| 9.6 |
| 9.2 |
| 8.5 |
| 9.4 |
| 9.7 |
| 9.0 |
| 8.1 |
| 9.0 |
| 7.4 |
| 7.6 |
| 6.2 |
| 6.0 |
| 5.7 |
| 5.2 |
| 5.0 |
| 4.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.6 |
| - |
| - |
| - |
| 0.4 |
| 0.5 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.5 |
| 0.4 |
| 0.4 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 41.1 |
| 46.0 |
| 40.2 |
| 35.5 |
| 31.6 |
| 31.2 |
| 32.7 |
| 32.7 |
| 52.4 |
| 45.7 |
| 36.4 |
| 40.2 |
| 46.1 |
| 37.3 |
| 35.7 |
| 34.6 |
| 29.8 |
| 28.3 |
| 35.2 |
| 34.1 |
| 20.3 |
| 20.5 |
| 18.4 |
| 17.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.2 |
| 0.4 |
| 0.5 |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| (0.0) |
| (0.1) |
| 0.0 |
| (0.0) |
| (0.0) |
| 0.0 |
| 0.0 |
| (0.0) |
| 0.0 |
| (0.1) |
| (0.1) |
| (0.0) |
| 0.0 |
| 0.1 |
| (0.1) |
| 0.1 |
| (0.0) |
| (0.2) |
| 0.1 |
| (0.0) |
| 0.0 |
| (0.1) |
| (58.5) |
| (22.6) |
| (19.2) |
| (15.6) |
| (46.6) |
| (14.7) |
| (15.7) |
| (1.7) |
| (66.5) |
| (23.7) |
| (29.0) |
| (14.1) |
| (23.3) |
| (20.9) |
| (11.7) |
| (14.4) |
| 0.1 |
| (10.3) |
| (25.2) |
| (8.3) |
| (14.1) |
| (14.7) |
| (14.2) |
| (58.5) |
| (22.6) |
| (19.2) |
| (15.6) |
| (46.6) |
| (14.7) |
| (15.7) |
| 12.2 |
| (66.0) |
| (23.7) |
| (29.0) |
| (14.1) |
| (32.2) |
| (23.4) |
| (13.4) |
| (15.5) |
| 0.6 |
| (10.2) |
| (25.2) |
| (8.3) |
| (14.0) |
| (14.7) |
| (14.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (58.5) |
| (22.6) |
| (19.2) |
| (15.6) |
| (46.6) |
| (14.7) |
| (15.7) |
| 12.2 |
| (66.0) |
| (23.7) |
| (29.0) |
| (14.1) |
| (32.2) |
| (23.4) |
| (13.4) |
| (15.5) |
| 0.6 |
| (10.2) |
| (25.2) |
| (8.3) |
| (14.0) |
| (14.7) |
| (14.2) |
| (32.0) |
| (58.5) |
| (22.6) |
| (19.2) |
| (15.6) |
| (46.6) |
| (14.7) |
| (15.7) |
| 12.2 |
| (66.0) |
| (23.7) |
| (29.0) |
| (14.1) |
| (32.2) |
| (23.4) |
| (13.4) |
| (15.5) |
| 0.6 |
| (10.2) |
| (25.2) |
| (8.3) |
| (14.0) |
| (14.7) |
| (14.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (29.5) |
| (32.0) |
| (58.5) |
| (22.6) |
| (19.2) |
| (15.6) |
| (46.6) |
| (14.7) |
| (15.7) |
| 12.2 |
| (66.0) |
| (23.7) |
| (29.0) |
| (14.1) |
| (32.2) |
| (23.4) |
| (13.4) |
| (15.5) |
| 0.6 |
| (10.2) |
| (25.2) |
| (8.3) |
| (14.0) |
| (14.7) |
| (14.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 65.2 |
| 65.1 |
| 61.0 |
| - |
| - |
| - |
| 45.7 |
| - |
| - |
| - |
| 45.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 65.2 |
| 65.1 |
| 61.0 |
| - |
| - |
| - |
| 47.0 |
| - |
| - |
| - |
| 45.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (19.2) |
| (15.6) |
| (46.7) |
| (14.9) |
| (16.1) |
| (2.8) |
| (68.0) |
| (25.7) |
| (31.2) |
| (16.6) |
| (25.8) |
| (23.2) |
| (13.3) |
| (15.6) |
| (1.2) |
| (11.0) |
| (25.4) |
| (8.6) |
| (14.2) |
| (14.9) |
| (14.3) |