| (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 | 2.8 | 24.7 | 7.5 | 3.6 | 4.7 | 30.6 | 0.1 | 0.5 | 1.1 | 60.0 | 5.3 | 2.9 | 9.9 | 6.5 | 0.0 | 6.4 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||
| Revenues | 38.7 | 40.5 | 32.3 | 78.1 | 19.7 | 25.5 | 90.7 | 20.5 | 31.9 | 13.7 | 6.1 | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||
| Research & Development | 81.0 | 90.0 | 199.2 | 177.7 | 175.0 | 142.5 | 158.0 | 96.9 | 90.7 | 83.2 | 57.0 | 18.8 | 5.1 |
| Selling General & Administrative | |||||||||||||
| Operating Income | |||||||||||||
| Operating Income | (108.9) | (160.0) | (251.2) | (169.2) | (226.0) | (193.1) | (134.8) | (140.9) | (113.7) | (119.9) | (97.2) | (35.3) | (12.7) |
| Non-Operating | |||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 5.0 | ||||||||||||
| Tax & Net | |||||||||||||
| Income Tax Expense | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (109.0) | ||||||||||||
| Per Share | |||||||||||||
| EPS Basic | (1.11) | (1.80) | (2.88) | (2.02) | (3.21) | (2.85) | (1.98) | (2.68) | - | - | - | - | - |
| EPS Diluted | (1.11) | ||||||||||||
| Supplementary Data | |||||||||||||
| EBITDA | - | (154.7) | (245.3) | (163.1) | (219.6) | (188.1) | (130.9) | (138.1) | (110.5) | (117.3) | (96.0) | (34.8) | (12.6) |
| EBIT | (108.9) | ||||||||||||
| 6.8 |
| 12.5 |
| 6.2 |
| 0.4 |
| 6.5 |
| 11.4 |
| 62.8 |
| 10.7 |
| 5.7 |
| 12.3 |
| 3.8 |
| 2.3 |
| 2.1 |
| 6.1 |
| 14.5 |
| 7.4 |
| 3.9 |
| 3.7 |
| 6.3 |
| 3.1 |
| 0.7 |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 17.6 | 27.4 | 19.8 | 16.2 | 26.6 | 48.6 | 47.6 | 54.2 | 48.8 | 69.6 | 40.5 | 29.8 | 37.8 | 52.0 | 41.3 | 43.7 | 38.0 | 37.6 | 29.3 | 33.8 | 41.9 | 61.5 | 33.9 | 28.0 | 34.6 | 34.8 | 22.7 | 23.6 | 15.8 | 19.2 | 17.4 | 32.7 | 21.3 | 26.4 | 20.4 | 17.3 | 19.0 | 26.8 | 10.8 | 10.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 10.2 | 11.4 | 12.3 | 12.9 | 13.4 | 16.4 | 18.1 | 18.2 | 19.3 | 14.5 | 15.0 | 17.2 | 23.0 | 18.0 | 16.2 | 16.9 | 19.5 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.5 | - | - | - | 1.9 | - | - | - | 1.4 | - | - | - | 1.5 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 27.8 | 32.5 | 32.1 | 55.1 | 80.8 | 77.2 | 65.7 | 72.4 | 68.1 | 84.0 | 55.5 | 47.0 | 60.8 | 70.0 | 57.6 | 60.6 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (25.0) | (7.8) | (24.5) | (51.5) | (76.2) | (46.6) | (65.7) | (71.9) | (67.0) | (24.0) | (50.2) | (44.1) | (51.0) | (63.4) | (57.5) | (54.2) | (50.8) | (41.6) | (39.3) | (55.4) | (56.9) | (65.9) | 9.0 | (31.3) | (46.6) | (39.4) | (34.6) | (35.6) | (31.3) | (26.3) | (16.3) | (39.7) | (31.6) | (36.4) | (26.7) | (26.1) | (30.6) | (39.0) | (21.2) | (19.2) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 5.0 | (4.4) | 2.4 | 2.0 | 2.1 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 0.0 | 2.1 | (0.6) | (1.7) | 0.1 | 1.2 | 3.5 | 4.3 | 5.0 | 5.1 | 5.1 | 3.8 | 1.9 | 2.7 | 1.8 | 0.8 | 0.2 | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (25.0) | (5.6) | (25.1) | (53.2) | (76.1) | (45.4) | (62.1) | (67.6) | (62.0) | (18.9) | (45.0) | (40.3) | (49.0) | (60.7) | (55.7) | (53.5) | (50.5) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (25.0) | (5.6) | (25.1) | (53.2) | (76.1) | (45.4) | (62.1) | (67.6) | (62.0) | (18.9) | (45.0) | (40.3) | (49.0) | (60.7) | (55.7) | (53.5) | (50.5) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (25.0) | (5.6) | (25.1) | (53.2) | (76.1) | (45.4) | (62.1) | (67.6) | (62.0) | (18.9) | (45.0) | (40.3) | (49.0) | (60.7) | (55.7) | (53.5) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (25.0) | (5.6) | (25.1) | (53.2) | (76.1) | (45.4) | (62.1) | (67.6) | (62.0) | (18.9) | (45.0) | (40.3) | (49.0) | (60.7) | (55.7) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.26) | - | (0.28) | (0.63) | (0.92) | - | (0.75) | (0.82) | (0.76) | - | (0.55) | (0.56) | (0.71) | - | (0.81) | (0.78) | (0.74) | - | (0.57) | (0.81) | (0.86) | - | 0.13 | - | - | - | (0.66) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.26) | - | (0.28) | (0.63) | (0.92) | - | (0.75) | (0.82) | (0.76) | - | (0.55) | (0.56) | (0.71) | - | (0.81) | (0.78) | (0.74) | - | ||||||||||||||||||||||
| Shares Basic | 97.9 | - | 90.1 | 84.4 | 83.1 | - | 82.5 | 82.3 | 81.9 | - | 81.6 | 71.4 | 68.9 | - | 68.7 | 68.6 | 68.5 | - | ||||||||||||||||||||||
| Shares Diluted | 97.9 | - | 90.1 | 84.4 | 83.1 | - | 82.5 | 82.3 | 81.9 | - | 81.6 | 71.4 | 68.9 | - | 68.7 | 68.6 | 68.5 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (24.5) | - | - | - | (74.2) | - | - | - | (65.6) | - | - | - | (49.4) | - | - | - | (49.2) | - | - | - | (55.7) | - | - | - | (45.8) | - | - | - | (30.6) | - | - | - | (30.8) | - | - | - | (30.0) | - | - | - |
| EBIT | (25.0) | (7.8) | (24.5) | (51.5) | (76.2) | (46.6) | (65.7) | (71.9) | (67.0) | (24.0) | (50.2) | (44.1) | (51.0) | (63.4) | (57.5) | (54.2) | (50.8) | (41.6) | (39.3) | |||||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 46.8 | 49.9 | 72.0 | 69.7 | 70.7 | 76.2 | 67.6 | 64.6 | 55.0 | 50.5 | 46.3 | 18.1 | 7.7 |
| Depreciation & Amortization | - | 5.3 | 5.8 | 6.1 | 6.3 | 5.1 | 4.0 | 2.8 | 3.3 | 2.7 | 1.2 | 0.5 | 0.2 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 147.5 | 200.5 | 283.5 | 247.3 | 245.7 | 218.7 | 225.6 | 161.5 | 145.7 | 133.7 | 103.2 | 36.9 | 12.7 |
| 2.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.1) | (0.1) | 14.1 | 16.0 | 5.5 | 0.6 | 18.9 | 7.2 | 3.8 | (0.4) | 0.0 | (37.6) | (1.0) |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| (160.1) |
| (237.1) |
| (153.2) |
| (220.4) |
| (192.5) |
| (116.0) |
| (133.7) |
| (110.0) |
| (120.3) |
| (97.2) |
| (72.9) |
| (13.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (109.0) | (160.1) | (237.1) | (153.2) | (220.4) | (192.5) | (116.0) | (133.7) | (110.0) | (120.3) | (97.2) | (72.9) | (13.7) |
| Net Income Attributable To Parent | (109.0) | (160.1) | (237.1) | (153.2) | (220.4) | (192.5) | (116.0) | (133.7) | (110.0) | (120.3) | (97.2) | (72.9) | (13.7) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (109.0) | (160.1) | (237.1) | (153.2) | (220.4) | (192.5) | (116.0) | (133.7) | (110.0) | (120.3) | (97.2) | (73.3) | (14.0) |
| (1.80) |
| (2.88) |
| (2.02) |
| (3.21) |
| (2.85) |
| (1.98) |
| (2.68) |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 97.9 | 88.7 | 82.3 | 76.0 | 68.7 | 67.6 | 58.6 | 50.0 | - | - | - | - | - |
| Shares Diluted | 97.9 | 88.7 | 82.3 | 76.0 | 68.7 | 67.6 | 58.6 | 50.0 | - | - | - | - | - |
| (160.0) |
| (251.2) |
| (169.2) |
| (226.0) |
| (193.1) |
| (134.8) |
| (140.9) |
| (113.7) |
| (119.9) |
| (97.2) |
| (35.3) |
| (12.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.5 |
| 16.2 |
| 22.0 |
| 21.4 |
| 15.8 |
| 19.9 |
| 14.1 |
| 17.8 |
| 16.9 |
| 15.7 |
| 14.4 |
| 17.5 |
| 13.2 |
| 13.3 |
| 14.3 |
| 14.2 |
| 13.7 |
| 12.6 |
| 11.9 |
| 12.3 |
| 13.0 |
| 11.3 |
| 12.2 |
| 1.6 |
| - |
| - |
| - |
| 1.2 |
| - |
| - |
| - |
| 0.8 |
| - |
| - |
| - |
| 0.6 |
| - |
| - |
| - |
| 0.8 |
| - |
| - |
| - |
| 0.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 57.5 |
| 54.1 |
| 45.5 |
| 55.8 |
| 63.4 |
| 77.3 |
| 53.9 |
| 42.1 |
| 52.3 |
| 51.7 |
| 38.4 |
| 38.0 |
| 33.3 |
| 32.4 |
| 30.8 |
| 47.0 |
| 35.5 |
| 40.1 |
| 33.0 |
| 29.2 |
| 31.3 |
| 39.9 |
| 22.1 |
| 22.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.2 |
| 3.4 |
| (1.2) |
| 7.8 |
| 8.9 |
| 1.7 |
| 1.6 |
| 1.9 |
| 2.0 |
| 1.2 |
| 1.0 |
| 0.9 |
| 0.6 |
| 0.3 |
| 0.2 |
| (0.3) |
| (0.5) |
| (0.4) |
| 0.1 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (41.4) |
| (39.1) |
| (55.3) |
| (56.7) |
| (62.5) |
| 7.8 |
| (23.6) |
| (37.7) |
| (37.8) |
| (32.9) |
| (33.8) |
| (29.2) |
| (25.1) |
| (15.2) |
| (38.7) |
| (30.9) |
| (36.2) |
| (26.6) |
| (26.4) |
| (31.1) |
| (39.4) |
| (21.0) |
| (19.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (41.4) |
| (39.1) |
| (55.3) |
| (56.7) |
| (62.5) |
| 7.8 |
| (23.6) |
| (37.7) |
| (37.8) |
| (32.9) |
| (33.8) |
| (29.2) |
| (25.1) |
| (15.2) |
| (38.7) |
| (30.9) |
| (36.2) |
| (26.6) |
| (26.4) |
| (31.1) |
| (39.4) |
| (21.0) |
| (19.0) |
| (50.5) |
| (41.4) |
| (39.1) |
| (55.3) |
| (56.7) |
| (62.5) |
| 7.8 |
| (23.6) |
| (37.7) |
| (37.8) |
| (32.9) |
| (33.8) |
| (29.2) |
| (25.1) |
| (15.2) |
| (38.7) |
| (30.9) |
| (36.2) |
| (26.6) |
| (26.4) |
| (31.1) |
| (39.4) |
| (21.0) |
| (19.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (53.5) |
| (50.5) |
| (41.4) |
| (39.1) |
| (55.3) |
| (56.7) |
| (62.5) |
| 7.8 |
| (23.6) |
| (37.7) |
| (37.8) |
| (32.9) |
| (33.8) |
| (29.2) |
| (25.1) |
| (15.2) |
| (38.7) |
| (30.9) |
| (36.2) |
| (26.6) |
| (26.4) |
| (31.1) |
| (39.4) |
| (21.0) |
| (19.0) |
| (0.57) |
| (0.81) |
| (0.86) |
| - |
| 0.12 |
| - |
| - |
| - |
| (0.66) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 68.2 |
| 67.9 |
| 66.0 |
| - |
| 62.1 |
| 55.3 |
| 54.6 |
| - |
| 49.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 68.2 |
| 67.9 |
| 66.0 |
| - |
| 62.7 |
| - |
| - |
| - |
| 49.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (55.4) |
| (56.9) |
| (65.9) |
| 9.0 |
| (31.3) |
| (46.6) |
| (39.4) |
| (34.6) |
| (35.6) |
| (31.3) |
| (26.3) |
| (16.3) |
| (39.7) |
| (31.6) |
| (36.4) |
| (26.7) |
| (26.1) |
| (30.6) |
| (39.0) |
| (21.2) |
| (19.2) |