| (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 | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.7 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | - | - | - | - | 2.3 | 28.3 | 2.9 |
| Cost of Revenue | - | - | - | - | 0.0 | 0.4 | 1.2 |
| Gross Profit | - | - | - | - | 2.3 | 27.9 | 1.7 |
| Operating Expenses | |||||||
| Research & Development | 23.9 | 24.9 | 33.7 | 23.8 | 18.1 | 48.7 | 39.0 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (37.6) | (37.7) | (45.0) | (35.7) | (23.7) | (39.3) | (55.3) |
| Non-Operating | |||||||
| Interest Income | - | - | - | - | - | - | - |
| Interest Expense | 1.4 | 1.1 | 0.5 | 1.1 | 3.6 | - | - |
| Tax & Net | |||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (40.2) | (39.6) | (51.9) | (35.2) | (28.2) | (54.6) | |
| Per Share | |||||||
| EPS Basic | (2.21) | (2.58) | (4.25) | (6.96) | (89.27) | (1.93) | (5.43) |
| EPS Diluted | (2.21) | (2.58) | (4.25) | (6.96) | (89.27) | (1.93) | (5.43) |
| Supplementary Data | |||||||
| EBITDA | (37.4) | (37.5) | (44.7) | (35.4) | (23.3) | (39.2) | (55.2) |
| EBIT | (37.6) | (37.7) | (45.0) | (35.7) | (23.7) | (39.3) | (55.3) |
| 1.6 |
| 25.9 |
| 1.5 |
| 0.5 |
| 0.4 |
| 0.5 |
| 0.8 |
| 0.7 |
| 0.9 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.4 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 0.3 | 0.4 |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25.5 | 1.5 | 0.5 | 0.4 | 0.3 | 0.5 | 0.4 | 0.5 |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 6.8 | 5.1 | 5.0 | 7.0 | 7.8 | 10.7 | 7.2 | 8.2 | 7.6 | 6.2 | 7.3 | 4.9 | 5.5 | (3.2) | 4.6 | 5.0 | 11.7 | 6.7 | 13.3 | 14.4 | 14.3 | 11.1 | 6.1 | 12.2 | 9.6 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| General & Administrative | 3.8 | 3.8 | 3.0 | 3.1 | 3.0 | 2.8 | 3.1 | 2.7 | 2.7 | 3.2 | 3.5 | 2.8 | 2.3 | (1.2) | 1.2 | 1.2 | 4.5 | ||||||||
| Depreciation & Amortization | 0.0 | (0.0) | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | - | 0.0 | - | 0.1 | - | 0.1 | - | |||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 10.6 | 8.8 | 8.0 | 10.1 | 10.7 | 13.5 | 10.3 | 10.9 | 10.2 | 9.4 | 10.8 | 7.8 | 7.8 | (4.4) | 5.8 | 6.2 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (10.6) | (8.8) | (8.0) | (10.1) | (10.7) | (13.5) | (10.3) | (10.9) | (10.2) | (9.4) | (10.8) | (7.8) | (7.8) | 2.8 | (5.8) | (6.2) | (14.5) | 14.6 | (15.8) | (18.2) | (19.9) | (13.9) | (11.6) | (17.3) | (12.6) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 0.2 | - | 0.2 | 0.2 | 0.2 | - | 0.2 | 0.1 | - | - | 0.2 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.4 | 0.3 | 0.4 | 0.2 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 0.3 | - | 1.1 | 1.1 | - | - | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | - | - | - | 0.0 | ||||||||
| Other Non-Operating Income | (1.2) | 1.1 | (2.0) | (0.5) | (0.5) | (0.5) | (8.5) | 3.7 | (1.6) | 0.4 | 0.1 | 0.2 | (0.2) | (2.2) | (1.4) | (1.1) | 0.2 | ||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | 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 | - | (0.0) | 0.0 | 0.0 | 0.0 | (0.8) | 0.8 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (11.8) | (7.7) | (10.1) | (10.6) | (11.2) | (14.0) | (18.8) | (7.2) | (11.8) | (8.9) | (10.7) | (7.6) | (8.0) | (6.7) | (7.2) | (7.3) | (7.1) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (11.8) | (7.7) | (10.1) | (10.6) | (11.2) | (14.0) | (18.8) | (7.2) | (11.8) | (8.9) | (10.7) | (7.6) | (8.0) | (6.7) | (7.2) | (7.3) | (7.1) | ||||||||
| Net Income Attributable To Parent | (11.8) | (7.7) | (10.1) | (10.6) | (11.2) | (14.0) | (18.8) | (7.2) | (11.8) | (8.9) | (10.7) | (7.6) | (8.0) | (6.7) | (7.2) | (7.3) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (11.8) | (7.7) | (10.1) | (10.6) | (11.2) | (14.0) | (18.8) | (7.2) | (11.8) | (8.9) | (10.7) | (7.6) | (8.0) | (6.7) | (7.2) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.65) | - | (0.60) | (0.66) | (0.87) | - | (1.39) | (0.64) | (1.15) | - | (1.27) | (2.61) | (24.77) | - | (22.67) | (23.20) | (0.48) | - | (0.53) | (0.58) | (1.56) | - | (1.19) | (1.40) | (0.91) |
| EPS Diluted | (0.65) | - | (0.60) | (0.66) | (0.87) | - | (1.39) | (0.64) | (1.15) | - | (1.27) | (2.61) | (24.77) | - | (22.67) | (23.20) | (0.48) | - | |||||||
| Shares Basic | 18.2 | - | 16.7 | 16.1 | 13.0 | - | 13.6 | 11.3 | 10.3 | - | 8.4 | 2.9 | 0.3 | - | 0.3 | 0.3 | 30.0 | - | |||||||
| Shares Diluted | 18.2 | - | 16.7 | 16.1 | 13.0 | - | 13.6 | 11.3 | 10.3 | - | 8.4 | 2.9 | 0.3 | - | 0.3 | 0.3 | 30.0 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (10.6) | (8.9) | (7.9) | (10.0) | (10.7) | (13.3) | (10.3) | (10.8) | (10.2) | - | (10.8) | - | (7.7) | - | (5.7) | - | (14.5) | 14.7 | (15.7) | (18.2) | (19.9) | (13.9) | (11.5) | (17.2) | (12.5) |
| EBIT | (10.6) | (8.8) | (8.0) | (10.1) | (10.7) | (13.5) | (10.3) | (10.9) | (10.2) | (9.4) | (10.8) | (7.8) | (7.8) | 2.8 | (5.8) | (6.2) | (14.5) | 14.6 | (15.8) | ||||||
| - |
| Selling & Marketing | - | - | - | - | - | - | - |
| General & Administrative | 13.7 | 12.8 | 11.3 | 11.9 | 5.6 | 18.5 | 18.0 |
| Depreciation & Amortization | 0.2 | 0.2 | 0.3 | 0.4 | 0.4 | 0.1 | 0.1 |
| Amortization of Intangibles | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 37.6 | 37.7 | 45.0 | 35.7 | 23.7 | 67.6 | 58.2 |
| Income From Equity Investments | - | - | - | - | 0.2 | (0.1) | (0.1) |
| Other Non-Operating Income | (2.6) | (1.9) | (6.9) | 0.6 | (4.5) | (15.3) | (24.8) |
| Pre-Tax Income | - | (39.6) | (51.9) | - | (38.8) | (54.6) | (80.1) |
| (80.1) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (40.2) | (39.6) | (51.9) | (35.2) | (28.2) | (54.6) | (80.1) |
| Net Income Attributable To Parent | (40.2) | (39.6) | (51.9) | (35.2) | (28.2) | (54.6) | (80.1) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (40.2) | (39.6) | (51.9) | (35.2) | (28.2) | (54.6) | (80.1) |
| Shares Basic | 18.2 | 15.3 | 12.2 | 5.1 | 0.3 | 28.2 | 14.8 |
| Shares Diluted | 18.2 | 15.3 | 12.2 | 5.1 | 0.3 | 28.2 | 14.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.2 |
| 3.9 |
| 4.3 |
| 6.0 |
| 3.1 |
| 6.0 |
| 5.4 |
| 3.5 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| (0.0) |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.1 |
| 11.3 |
| 17.2 |
| 18.8 |
| 20.3 |
| 14.3 |
| 12.4 |
| 18.0 |
| 13.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| 0.3 |
| 0.1 |
| 1.2 |
| (16.7) |
| (15.0) |
| (6.1) |
| (3.1) |
| (0.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 14.9 |
| (15.7) |
| (17.1) |
| (36.7) |
| (28.9) |
| (17.7) |
| (20.3) |
| (13.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 14.9 |
| (15.7) |
| (17.1) |
| (36.7) |
| (28.9) |
| (17.7) |
| (20.3) |
| (13.2) |
| (7.1) |
| 14.9 |
| (15.7) |
| (17.1) |
| (36.7) |
| (28.9) |
| (17.7) |
| (20.3) |
| (13.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (7.3) |
| (7.1) |
| 14.9 |
| (15.7) |
| (17.1) |
| (36.7) |
| (28.9) |
| (17.7) |
| (20.3) |
| (13.2) |
| (0.53) |
| (0.58) |
| (1.56) |
| - |
| (1.19) |
| (1.40) |
| (0.91) |
| 29.8 |
| 29.7 |
| 23.4 |
| - |
| 14.8 |
| 14.5 |
| 14.5 |
| 29.8 |
| 29.7 |
| 23.4 |
| - |
| 14.8 |
| 14.5 |
| 14.5 |
| (18.2) |
| (19.9) |
| (13.9) |
| (11.6) |
| (17.3) |
| (12.6) |