| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||
| Revenues | 10.8 | 34.2 | 0.0 | 0.0 | 0.0 | 0.6 | 0.6 | 49.9 | 17.6 | 7.0 | 13.1 | 19.8 | 8.8 | 10.6 | 7.4 | 3.8 | |||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 45.1 | 34.3 | 68.7 | 48.7 | 25.1 | 115.5 | 24.3 | 1,070.0 | 10.9 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||
| Research & Development | 53.7 | 54.2 | 59.6 | 53.4 | 46.1 | 115.2 | 98.1 | 82.4 | 45.1 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | (39.1) | (52.1) | (26.2) | (43.7) | (62.3) | (39.4) | (109.8) | (87.2) | (47.9) |
| Non-Operating | |||||||||
| Interest Income | 3.9 | 4.2 | 6.8 | 7.7 | 3.5 | 0.2 | 0.8 | 4.3 | 1.9 |
| Interest Expense | 1.4 | 1.4 | 1.8 | 2.2 | 1.1 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | - | 0.0 | 0.0 | - | - | - | 0.0 | - | - |
| Net Income From Continuing Ops | (44.5) | (46.6) | 7.2 | (42.5) | |||||
| Per Share | |||||||||
| EPS Basic | (1.77) | (3.56) | 1.05 | (15.96) | (38.10) | (0.52) | - | - | - |
| EPS Diluted | (1.77) | (3.56) | 1.04 | (15.96) | (38.10) | ||||
| Supplementary Data | |||||||||
| EBITDA | - | (50.7) | (22.8) | (36.9) | (54.5) | (30.4) | (101.1) | (81.9) | (45.6) |
| EBIT | (39.1) | (52.1) | (26.2) | (43.7) | (62.3) | ||||
| 3.3 |
| 6.3 |
| 24.0 |
| 68.8 |
| 16.3 |
| 8.8 |
| 7.4 |
| 1.1 |
| 7.0 |
| 1,054.3 |
| 4.9 |
| 5.4 |
| 5.5 |
| 4.9 |
| 2.5 |
| 1.9 |
| 1.5 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Research & Development | 13.1 | 14.5 | 13.4 | 12.8 | 13.6 | 15.9 | 13.1 | 17.2 | 13.3 | 13.4 | 15.9 | 13.1 | 11.0 | (8.5) | 11.8 | 22.9 | 20.0 | 26.5 | 25.9 | 37.2 | 25.6 | 23.1 | 24.9 | 25.2 | 24.9 | 19.9 | 19.8 | 22.8 | 20.0 | 16.4 | 9.7 | 10.9 | 8.1 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| General & Administrative | 6.8 | 7.2 | 7.3 | 9.1 | 8.6 | 9.6 | 8.8 | 8.5 | 8.4 | 8.5 | 9.6 | 9.8 | 11.1 | 9.9 | 10.3 | 10.4 | 10.7 | ||||||||||||||||
| Depreciation & Amortization | 0.3 | - | - | - | 0.4 | - | - | - | 1.1 | - | - | - | 2.0 | - | - | - | |||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Total Operating Expenses | 19.9 | 21.7 | 20.7 | 21.9 | 22.1 | 25.5 | 21.9 | 25.8 | 21.8 | 21.9 | 25.5 | 22.9 | 22.1 | 1.3 | 22.0 | 33.4 | |||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | (9.1) | 12.5 | (20.7) | (21.9) | (22.1) | (24.8) | (21.3) | 24.1 | (4.2) | (14.9) | (12.4) | (3.1) | (13.4) | 9.3 | (14.7) | (29.6) | (27.3) | (30.7) | (11.5) | 21.6 | (18.7) | (23.5) | (26.0) | (32.8) | (27.5) | (21.9) | (22.0) | (23.9) | (19.5) | (16.1) | (10.4) | (12.1) | (9.2) |
| Non-Operating | |||||||||||||||||||||||||||||||||
| Interest Income | 1.0 | 0.8 | 1.0 | 1.1 | 1.3 | 1.5 | 1.8 | 1.8 | 1.7 | 1.8 | 1.9 | 1.9 | 2.0 | 1.9 | 1.2 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | 0.7 | 0.9 | 1.2 | 1.5 | 0.6 | 0.7 | 0.7 | 0.3 | 0.2 |
| Interest Expense | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.4 | 0.2 | 0.0 | - | |||||||||||||||
| Income From Equity Investments | 0.0 | (5.4) | (0.6) | (0.7) | 1.3 | (1.0) | (0.9) | (1.0) | 1.7 | (0.9) | (1.4) | (1.4) | (1.3) | 2.6 | (1.8) | (1.4) | |||||||||||||||||
| Other Non-Operating Income | (9.4) | 6.7 | (1.1) | (1.6) | 1.5 | 7.1 | 4.9 | 8.6 | 12.8 | 1.5 | 0.3 | 0.1 | (0.6) | (7.3) | (1.0) | (1.5) | (0.8) | ||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | - | - | - | 0.0 |
| Net Income From Continuing Ops | (18.4) | 19.2 | (21.8) | (23.5) | (20.6) | (17.7) | (16.4) | 32.7 | 8.6 | (13.4) | (12.1) | (3.0) | (14.0) | 2.0 | (15.7) | (31.0) | (28.2) | ||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Net Income | (18.4) | 20.1 | (21.8) | (23.5) | (20.6) | (17.7) | (16.4) | 32.7 | 8.6 | (16.3) | (8.1) | (11.9) | (25.1) | (28.5) | (23.9) | (31.0) | (28.2) | ||||||||||||||||
| Net Income Attributable To Parent | (18.4) | 20.1 | (21.8) | (23.5) | (20.6) | (17.7) | (16.4) | 32.7 | 8.6 | (16.3) | (8.1) | (11.9) | (25.1) | (28.5) | (23.9) | (31.0) | |||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Net Income To Common Shareholders | (18.4) | 20.1 | (21.8) | (23.5) | (20.6) | (17.7) | (16.4) | 32.7 | 8.6 | (16.3) | (8.1) | (11.9) | (25.1) | (28.5) | (23.9) | ||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||
| EPS Basic | (0.75) | - | (1.84) | (2.13) | (2.21) | - | (2.25) | 4.70 | 1.70 | - | (2.10) | (3.13) | (6.75) | - | (0.22) | (0.46) | (0.46) | - | (0.19) | 0.38 | - | - | - | (0.63) | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.75) | - | (1.84) | (2.13) | (2.21) | - | (2.25) | 4.67 | 1.70 | - | (2.10) | (3.13) | (6.75) | - | (0.22) | (0.46) | (0.46) | - | |||||||||||||||
| Shares Basic | 24.6 | - | 11.8 | 11.0 | 9.3 | - | 7.3 | 7.0 | 5.1 | - | 3.8 | 3.8 | 3.7 | - | 110.8 | 68.0 | 61.0 | - | |||||||||||||||
| Shares Diluted | 24.6 | - | 11.8 | 11.0 | 9.3 | - | 7.3 | 7.0 | 5.1 | - | 3.8 | 3.8 | 3.7 | - | 110.8 | 68.0 | 61.0 | - | |||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||
| EBITDA | (8.8) | - | - | - | (21.7) | - | - | - | (3.0) | - | - | - | (11.4) | - | - | - | (25.4) | - | - | - | (16.6) | - | - | - | (25.3) | - | - | - | (18.6) | - | - | - | (8.8) |
| EBIT | (9.1) | 12.5 | (20.7) | (21.9) | (22.1) | (24.8) | (21.3) | 24.1 | (4.2) | (14.9) | (12.4) | (3.1) | (13.4) | 9.3 | (14.7) | (29.6) | (27.3) | (30.7) | (11.5) | ||||||||||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | 30.5 | 32.2 | 35.3 | 39.1 | 41.3 | 39.7 | 36.1 | 27.0 | 13.7 |
| Depreciation & Amortization | - | 1.5 | 3.4 | 6.8 | 7.8 | 9.0 | 8.8 | 5.3 | 2.4 |
| Amortization of Intangibles | - | 0.1 | 0.1 | 0.1 | 0.1 | - | - | 0.1 | 0.1 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 84.2 | 86.4 | 94.9 | 92.5 | 87.4 | 154.9 | 134.1 | 109.4 | 58.8 |
| 0.1 |
| - |
| 0.2 |
| - |
| Income From Equity Investments | (6.6) | (5.3) | (1.1) | (4.9) | (1.6) | 0.2 | - | - | - |
| Other Non-Operating Income | (5.4) | 5.5 | 33.3 | 1.2 | (10.6) | 8.8 | 0.8 | (5.7) | 1.9 |
| Pre-Tax Income | - | (45.7) | 7.2 | - | - | - | - | - | - |
| (72.9) |
| (30.6) |
| (109.0) |
| (92.9) |
| (46.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (43.6) | (45.7) | 7.2 | (61.3) | (111.6) | (30.6) | (109.0) | (92.9) | (46.0) |
| Net Income Attributable To Parent | (43.6) | (45.7) | 7.2 | (61.3) | (111.6) | (30.6) | (109.0) | (92.9) | (46.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (43.6) | (45.7) | 7.2 | (61.3) | (111.6) | (30.6) | (109.0) | (92.9) | (46.0) |
| (0.52) |
| - |
| - |
| - |
| Shares Basic | 24.6 | 12.8 | 6.8 | 3.8 | 2.9 | 58.7 | - | - | - |
| Shares Diluted | 24.6 | 12.8 | 6.9 | 3.8 | 2.9 | 58.7 | - | - | - |
| (39.4) |
| (109.8) |
| (87.2) |
| (47.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 10.6 |
| 9.6 |
| 9.9 |
| 9.5 |
| 9.2 |
| 8.5 |
| 8.7 |
| 9.6 |
| 8.5 |
| 7.1 |
| 6.5 |
| 5.0 |
| 4.6 |
| 3.3 |
| 3.1 |
| 2.6 |
| 2.0 |
| - |
| - |
| - |
| 2.2 |
| - |
| - |
| - |
| 2.2 |
| - |
| - |
| - |
| 0.9 |
| - |
| - |
| - |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 30.7 |
| 37.1 |
| 35.6 |
| 47.2 |
| 35.1 |
| 32.3 |
| 33.4 |
| 33.9 |
| 34.5 |
| 28.4 |
| 26.8 |
| 29.3 |
| 25.0 |
| 21.0 |
| 13.0 |
| 14.0 |
| 10.8 |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| - |
| (1.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 8.4 |
| 0.3 |
| 0.0 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.7 |
| 0.9 |
| 1.2 |
| 4.4 |
| (12.3) |
| 0.7 |
| 0.7 |
| 0.3 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (22.3) |
| (11.3) |
| 21.7 |
| (18.7) |
| (23.5) |
| (26.0) |
| (32.7) |
| (26.8) |
| (20.9) |
| (20.7) |
| (19.4) |
| (31.8) |
| (15.4) |
| (9.8) |
| (11.8) |
| (9.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (22.3) |
| (11.3) |
| 21.7 |
| (18.7) |
| (23.5) |
| (26.0) |
| (32.7) |
| (26.8) |
| (20.9) |
| (20.7) |
| (19.4) |
| (31.8) |
| (15.4) |
| (9.8) |
| (11.8) |
| (9.0) |
| (28.2) |
| (22.3) |
| (11.3) |
| 21.7 |
| (18.7) |
| (23.5) |
| (26.0) |
| (32.7) |
| (26.8) |
| (20.9) |
| (20.7) |
| (19.4) |
| (31.8) |
| (15.4) |
| (9.8) |
| (11.8) |
| (9.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (31.0) |
| (28.2) |
| (22.3) |
| (11.3) |
| 21.7 |
| (18.7) |
| (23.5) |
| (26.0) |
| (32.7) |
| (26.8) |
| (20.9) |
| (20.7) |
| (19.4) |
| (31.8) |
| (15.4) |
| (9.8) |
| (11.8) |
| (9.0) |
| (0.19) |
| 0.36 |
| - |
| - |
| - |
| (0.63) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 59.7 |
| 57.7 |
| - |
| - |
| - |
| 51.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 59.7 |
| 59.8 |
| - |
| - |
| - |
| 51.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 21.6 |
| (18.7) |
| (23.5) |
| (26.0) |
| (32.8) |
| (27.5) |
| (21.9) |
| (22.0) |
| (23.9) |
| (19.5) |
| (16.1) |
| (10.4) |
| (12.1) |
| (9.2) |