| (in millions of USD, except per-share data) | Q2 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 | Q4 FY 22 | Q3 FY 22 | Q2 FY 22 | Q4 FY 21 | Q2 FY 21 | Q1 FY 21 | Q4 FY 20 | Q3 FY 20 | Q2 FY 20 | Q1 FY 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||
| Revenues | 7.6 | 11.3 | 8.0 | 7.5 | 5.1 | 9.7 | 4.3 | 3.8 | 5.3 | 0.2 | 0.0 | 0.0 | 0.0 | 5.1 | 0.0 | 0.0 | ||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 34.3 | 31.8 | 23.1 | 7.6 | 0.0 | - | 0.0 |
| Cost of Revenue | 26.9 | 25.7 | 25.1 | 63.1 | 2.0 | - | 3.4 |
| Gross Profit | 7.4 | 6.1 | (2.0) | (55.4) | (2.0) | - | (3.4) |
| Operating Expenses | |||||||
| Research & Development | 110.9 | 110.3 | 124.5 | 88.4 | 37.9 | - | 14.4 |
| Selling General & Administrative | 75.1 | 73.0 | 74.3 | 79.0 | 29.7 | ||
| Operating Income | |||||||
| Operating Income | (178.6) | (177.3) | (242.7) | (230.3) | (69.5) | - | (23.5) |
| Non-Operating | |||||||
| Interest Income | 16.3 | 13.0 | 12.3 | 14.1 | 0.0 | - | - |
| Interest Expense | 26.9 | 21.6 | 6.8 | 4.5 | 0.2 | - | - |
| Tax & Net | |||||||
| Income Tax Expense | (1.3) | (1.3) | (1.4) | (0.6) | 0.0 | - | 0.0 |
| Net Income From Continuing Ops | (171.3) | (156.6) | (222.5) | (214.1) | (125.9) | - | |
| Per Share | |||||||
| EPS Basic | (0.79) | (0.75) | (1.19) | (1.27) | (1.07) | - | (0.49) |
| EPS Diluted | (0.79) | (0.75) | (1.19) | (1.30) | (1.07) | - | (0.49) |
| Supplementary Data | |||||||
| EBITDA | (142.6) | (142.1) | (197.7) | (196.2) | (68.0) | - | (23.0) |
| EBIT | (178.6) | (177.3) | (242.7) | (230.3) | (69.5) | - | (23.5) |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | 6.0 | 8.8 | 6.6 | 5.5 | 4.8 | 8.7 | 5.0 | 4.4 | 7.1 | 16.8 | 14.2 | 12.2 | 6.6 | 5.7 | 0.5 | 0.1 | 0.1 | - | - | - | - | - |
| Gross Profit | 1.6 | 2.5 | 1.4 | 1.9 | 0.3 | 1.1 | (0.6) | (0.7) | (1.8) | (16.6) | (14.2) | (12.2) | (6.6) | (0.6) | (0.5) | (0.1) | (0.1) | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||
| Research & Development | 26.5 | 28.1 | 28.2 | 28.1 | 25.9 | 22.4 | 24.2 | 29.1 | 48.8 | 13.5 | 16.6 | 23.7 | 13.9 | 15.8 | 12.7 | 10.3 | 9.5 | 5.6 | - | 3.8 | - | - |
| Selling General & Administrative | 18.9 | 18.4 | 20.2 | 17.5 | 16.9 | 13.1 | 20.7 | 20.9 | 19.5 | 17.2 | 16.7 | 27.3 | 13.1 | 11.6 | 11.9 | 8.8 | ||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Depreciation & Amortization | 9.4 | 11.8 | 7.7 | 7.2 | 8.4 | 11.1 | 4.7 | 4.2 | 25.0 | 3.6 | 3.5 | 3.6 | 2.9 | 1.2 | 0.3 | 0.3 | ||||||
| Amortization of Intangibles | - | - | - | - | - | 1.1 | 1.2 | 1.2 | 1.2 | - | - | - | - | - | - | - | - | |||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Total Operating Expenses | 45.4 | 46.5 | 48.4 | 45.7 | 42.8 | 35.6 | 48.6 | 88.1 | 68.3 | 33.8 | 37.7 | 51.0 | 27.1 | 27.4 | 24.6 | 19.1 | ||||||
| Operating Income | ||||||||||||||||||||||
| Operating Income | (43.9) | (44.0) | (47.0) | (43.7) | (42.6) | (34.5) | (49.3) | (88.8) | (70.1) | (50.4) | (51.8) | (63.3) | (33.7) | (28.0) | (25.1) | (19.2) | (14.2) | (11.4) | - | (6.4) | - | - |
| Non-Operating | ||||||||||||||||||||||
| Interest Income | 5.8 | 5.6 | 2.5 | 2.4 | 2.4 | 2.6 | 2.9 | 3.3 | 3.6 | 4.3 | 3.2 | 2.5 | 1.7 | 0.6 | - | - | 0.0 | 0.0 | - | - | - | - |
| Interest Expense | 7.0 | 6.4 | 11.8 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.6 | 1.3 | 0.0 | 0.0 | 0.0 | - | - | - | - | ||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Other Non-Operating Income | 5.5 | 9.1 | (7.2) | (1.4) | 18.9 | (1.8) | 28.8 | (31.8) | 23.5 | 34.2 | (12.5) | (10.4) | (48.3) | 26.9 | 67.8 | 8.4 | (0.1) | |||||
| Pre-Tax Income | (38.4) | (34.9) | (54.2) | (45.1) | (23.7) | (36.3) | (20.4) | (120.5) | (46.6) | (16.2) | (64.3) | (73.6) | - | - | - | - | ||||||
| Tax & Net | ||||||||||||||||||||||
| Income Tax Expense | (0.1) | 0.1 | (0.4) | (0.9) | (0.2) | 1.2 | 2.2 | (4.6) | (0.2) | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (38.3) | (35.0) | (53.8) | (44.3) | (23.5) | (37.5) | (22.6) | (115.9) | (46.5) | (16.2) | (64.3) | (73.6) | (82.0) | (1.1) | 42.7 | (10.8) | (14.3) | |||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income | (38.3) | (35.0) | (53.8) | (44.3) | (23.5) | (37.5) | (22.6) | (115.9) | (46.5) | (16.2) | (64.3) | (73.6) | (82.0) | (1.1) | 42.7 | (10.8) | (14.3) | |||||
| Net Income Attributable To Parent | (38.3) | (35.0) | (53.7) | (44.5) | (23.5) | (37.5) | (22.5) | (115.9) | (46.4) | (16.2) | (64.3) | (73.6) | (82.0) | (1.1) | 42.7 | (10.8) | ||||||
| Less: Minority Interest | 0.0 | (0.1) | (0.1) | 0.3 | (0.0) | 0.0 | (0.1) | (0.1) | (0.1) | 0.0 | 0.0 | 0.0 | - | - | - | - | - | |||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income To Common Shareholders | (38.3) | (35.0) | (53.7) | (44.5) | (23.5) | (37.5) | (22.5) | (115.9) | (46.4) | (16.2) | (64.3) | (73.6) | (82.0) | (1.1) | 42.7 | |||||||
| Per Share | ||||||||||||||||||||||
| EPS Basic | (0.18) | - | (0.26) | (0.22) | (0.12) | - | (0.12) | (0.63) | (0.28) | (0.10) | (0.41) | (0.47) | (0.53) | (0.01) | 0.28 | (0.08) | (0.15) | (0.17) | - | (0.16) | - | - |
| EPS Diluted | (0.18) | - | (0.27) | (0.22) | (0.12) | - | (0.28) | (0.63) | (0.28) | (0.29) | (0.41) | (0.47) | (0.53) | (0.18) | (0.16) | (0.14) | (0.15) | (0.17) | ||||
| Shares Basic | 217.4 | - | 206.5 | 204.8 | 203.3 | - | 187.8 | 183.3 | 168.1 | 159.8 | 157.2 | 155.6 | 153.3 | 152.5 | 151.6 | 133.5 | 97.4 | 95.8 | ||||
| Shares Diluted | 217.4 | - | 206.8 | 204.8 | 203.3 | - | 188.0 | 183.3 | 168.1 | 161.4 | 157.2 | 155.6 | 153.3 | 152.5 | 153.3 | 135.1 | 97.4 | 95.8 | ||||
| Supplementary Data | ||||||||||||||||||||||
| EBITDA | (34.5) | (32.2) | (39.3) | (36.6) | (34.1) | (23.4) | (44.6) | (84.6) | (45.2) | (46.8) | (48.3) | (59.7) | (30.8) | (26.8) | (24.8) | (18.9) | (13.9) | (11.2) | - | (6.3) | - | - |
| EBIT | (43.9) | (44.0) | (47.0) | (43.7) | (42.6) | (34.5) | (49.3) | (88.8) | (70.1) | (50.4) | (51.8) | (63.3) | (33.7) | (28.0) | (25.1) | (19.2) | (14.2) | (11.4) | - | |||
| - |
| 5.7 |
| Selling & Marketing | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - |
| Depreciation & Amortization | 36.0 | 35.1 | 45.0 | 34.0 | 1.5 | 1.0 | 0.6 |
| Amortization of Intangibles | - | 4.8 | 4.7 | 4.7 | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 186.0 | 183.4 | 240.6 | 174.8 | 67.6 | - | 20.2 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | 6.0 | 19.3 | 18.7 | 15.5 | (56.4) | - | (16.1) |
| Pre-Tax Income | (172.6) | (157.9) | (223.9) | (214.8) | (125.9) | - | (39.7) |
| (39.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (171.3) | (156.6) | (222.5) | (214.1) | (125.9) | - | (39.7) |
| Net Income Attributable To Parent | (171.5) | (156.7) | (222.2) | (214.1) | (125.9) | - | (39.7) |
| Less: Minority Interest | 0.2 | 0.1 | (0.3) | (0.1) | 0.0 | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (171.5) | (156.7) | (222.2) | (214.1) | (125.9) | - | (39.7) |
| Shares Basic | 217.4 | 207.6 | 186.0 | 169.1 | 117.2 | - | 80.4 |
| Shares Diluted | 217.4 | 207.6 | 186.0 | 169.6 | 117.2 | - | 80.4 |
| 4.5 |
| 4.2 |
| - |
| 1.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.2 |
| 0.1 |
| - |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 14.1 |
| 11.4 |
| - |
| 6.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.8) |
| - |
| (7.0) |
| - |
| - |
| (118.1) |
| (51.4) |
| - |
| - |
| - |
| - |
| (16.2) |
| (13.3) |
| (13.5) |
| (5.2) |
| (7.7) |
| - |
| - |
| - |
| - |
| - |
| (16.2) |
| (13.3) |
| (13.5) |
| (5.2) |
| (7.7) |
| (14.3) |
| (16.2) |
| (13.3) |
| (13.5) |
| (5.2) |
| (7.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (10.8) |
| (14.3) |
| (16.2) |
| (13.3) |
| (13.5) |
| (5.2) |
| (7.7) |
| - |
| (0.16) |
| - |
| - |
| - |
| 85.6 |
| - |
| - |
| - |
| 85.6 |
| - |
| - |
| (6.4) |
| - |
| - |