| (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 | 46.3 | 38.5 | 42.9 | 32.5 | 32.0 | 29.1 | 27.4 | 25.2 | 22.2 | 21.2 | 20.0 | 19.8 | 18.6 | 18.4 | 16.5 | 9.1 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 160.2 | 145.9 | 103.9 | 79.6 | 52.7 | 23.4 | 4.8 |
| Cost of Revenue | 80.5 | 70.6 | 44.4 | 47.7 | 51.3 | 19.4 | 3.5 |
| Gross Profit | 79.8 | 75.3 | 59.5 | 31.9 | 1.4 | 4.0 | 1.3 |
| Operating Expenses | |||||||
| Research & Development | 21.6 | 20.6 | 23.4 | 24.5 | 18.5 | 11.5 | 15.7 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (42.5) | (48.5) | (82.3) | (90.1) | (103.0) | (55.3) | (26.9) |
| Non-Operating | |||||||
| Interest Income | 1.7 | 1.5 | 2.9 | 6.2 | 3.2 | 0.0 | - |
| Interest Expense | 2.7 | 1.7 | 0.0 | 0.7 | 0.7 | 6.1 | 0.4 |
| Tax & Net | |||||||
| Income Tax Expense | (0.0) | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (36.5) | (33.1) | (54.0) | (108.0) | (86.8) | (10.9) | |
| Per Share | |||||||
| EPS Basic | (0.21) | (0.20) | (0.34) | (0.72) | (0.60) | (0.15) | (3.07) |
| EPS Diluted | (0.21) | (0.20) | (0.34) | (0.72) | (0.60) | (0.15) | (3.07) |
| Supplementary Data | |||||||
| EBITDA | (16.9) | (24.1) | (64.9) | (80.4) | (97.5) | (52.4) | (25.8) |
| EBIT | (42.5) | (48.5) | (82.3) | (90.1) | (103.0) | (55.3) | (26.9) |
| 8.7 |
| 6.6 |
| 8.4 |
| 4.7 |
| 3.7 |
| - |
| 1.5 |
| 0.0 |
| - |
| Cost of Revenue | 22.7 | 19.9 | 21.5 | 16.3 | 12.9 | 12.4 | 11.6 | 10.5 | 10.0 | 12.4 | 9.1 | 12.4 | 13.8 | 18.7 | 16.3 | 8.5 | 7.8 | 7.2 | 5.0 | 4.0 | 3.2 | - | 0.8 | - | - |
| Gross Profit | 23.6 | 18.6 | 21.3 | 16.2 | 19.2 | 16.7 | 15.8 | 14.8 | 12.2 | 8.8 | 10.9 | 7.4 | 4.8 | (0.3) | 0.2 | 0.6 | 0.9 | (0.6) | 3.5 | 0.7 | 0.4 | - | 0.6 | - | - |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 5.9 | 5.4 | 5.6 | 4.7 | 4.9 | 5.4 | 5.8 | 5.9 | 6.4 | 6.3 | 6.4 | 6.4 | 5.4 | 4.6 | 5.6 | 4.2 | 4.2 | 3.1 | 3.6 | 1.0 | 3.7 | - | 4.1 | - | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | 12.7 | 11.1 | 11.7 | 11.7 | 11.0 | 13.5 | 15.0 | 16.4 | 15.9 | 14.2 | 14.4 | 13.6 | 12.8 | 13.5 | 11.7 | 11.8 | 9.7 | ||||||||
| General & Administrative | 13.5 | 10.1 | 12.6 | 17.2 | 15.0 | 16.8 | 14.0 | 14.1 | 11.8 | 11.1 | 11.3 | 10.9 | 8.9 | 8.7 | 8.8 | 9.6 | 10.8 | ||||||||
| Depreciation & Amortization | 6.8 | 6.5 | 6.5 | 5.8 | 5.5 | 5.4 | 4.6 | 3.9 | 3.5 | 3.0 | 2.6 | 2.3 | 1.8 | 1.7 | 1.4 | 1.3 | |||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 32.1 | 26.6 | 29.9 | 33.7 | 33.5 | 35.6 | 35.0 | 37.1 | 34.1 | 31.6 | 32.1 | 31.0 | 27.3 | 26.9 | 26.8 | 25.8 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (8.5) | (8.0) | (8.6) | (17.5) | (14.4) | (18.9) | (19.2) | (22.4) | (21.9) | (22.7) | (21.2) | (23.6) | (22.5) | (27.2) | (26.6) | (25.3) | (23.9) | (20.0) | (19.4) | (6.9) | (9.0) | - | (6.2) | (0.0) | - |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 0.5 | 0.5 | 0.4 | 0.2 | 0.4 | 0.5 | 0.6 | 0.7 | 1.1 | 1.6 | 1.8 | 1.9 | 1.0 | 1.6 | 1.1 | 0.5 | 0.1 | (0.0) | 0.0 | 0.0 | 0.0 | - | 0.0 | - | - |
| Interest Expense | 1.0 | 1.0 | 0.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | 3.4 | 18.9 | 6.8 | (23.0) | 12.8 | 3.2 | (11.3) | 25.8 | 10.6 | 5.1 | 26.2 | (43.1) | (6.1) | (1.5) | 8.0 | (0.4) | 10.1 | ||||||||
| Pre-Tax Income | (5.0) | 10.9 | (1.8) | (40.5) | (1.6) | (15.7) | (30.4) | 3.4 | (11.3) | - | - | - | - | - | - | - | - | ||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | (0.0) | 0.0 | 0.0 | (0.0) | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | 0.0 | - | - |
| Net Income From Continuing Ops | (5.0) | 10.9 | (1.8) | (40.5) | (1.7) | (15.7) | (30.4) | 3.4 | (11.3) | (17.2) | 5.0 | (67.2) | (28.7) | (27.9) | (18.6) | (25.7) | (14.6) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (5.0) | 10.9 | (1.8) | (40.5) | (1.7) | (15.7) | (30.4) | 3.4 | (11.3) | (17.2) | 5.0 | (67.2) | (28.7) | (27.9) | (18.6) | (25.7) | (14.6) | ||||||||
| Net Income Attributable To Parent | (5.0) | 10.9 | (1.8) | (40.5) | (1.7) | (15.7) | (30.4) | 3.4 | (11.3) | (17.2) | 5.0 | (67.2) | (28.7) | (28.7) | (18.6) | (25.7) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (5.0) | 10.9 | (1.8) | (40.5) | (1.7) | (15.7) | (30.4) | 3.4 | (11.3) | (17.7) | 5.0 | (66.8) | (28.6) | (28.7) | (18.6) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.03) | - | (0.01) | (0.25) | (0.01) | - | (0.19) | 0.02 | (0.07) | - | 0.03 | (0.45) | (0.20) | - | (0.13) | (0.18) | (0.10) | - | 0.17 | (1.93) | (1.29) | - | (0.70) | - | - |
| EPS Diluted | (0.03) | - | (0.01) | (0.25) | (0.01) | - | (0.19) | 0.02 | (0.07) | - | 0.03 | (0.45) | (0.20) | - | (0.13) | (0.18) | (0.10) | - | |||||||
| Shares Basic | 177.1 | - | 172.8 | 165.3 | 160.8 | - | 157.7 | 156.5 | 153.1 | - | 150.2 | 148.9 | 146.4 | - | 144.1 | 143.6 | 142.9 | - | |||||||
| Shares Diluted | 177.1 | - | 172.8 | 165.3 | 160.8 | - | 157.7 | 171.6 | 153.1 | - | 174.0 | 148.9 | 146.4 | - | 144.1 | 143.6 | 142.9 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (1.7) | (1.5) | (2.1) | (11.7) | (8.9) | (13.5) | (14.6) | (18.5) | (18.4) | (19.8) | (18.6) | (21.3) | (20.7) | (25.5) | (25.2) | (24.0) | (22.8) | (19.0) | (18.6) | (6.3) | (8.5) | - | (5.9) | - | - |
| EBIT | (8.5) | (8.0) | (8.6) | (17.5) | (14.4) | (18.9) | (19.2) | (22.4) | (21.9) | (22.7) | (21.2) | (23.6) | (22.5) | (27.2) | (26.6) | (25.3) | (23.9) | (20.0) | (19.4) | ||||||
| - |
| Selling & Marketing | 47.3 | 45.6 | 60.6 | 55.0 | 46.7 | 26.1 | 7.4 |
| General & Administrative | 53.4 | 54.9 | 56.6 | 42.2 | 38.0 | 19.9 | 5.1 |
| Depreciation & Amortization | 25.6 | 24.3 | 17.4 | 9.7 | 5.4 | 2.9 | 1.1 |
| Amortization of Intangibles | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 122.3 | 123.8 | 141.8 | 122.0 | 104.4 | 59.3 | 28.2 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | 6.1 | 15.4 | 28.3 | (17.9) | 16.2 | 44.4 | (0.5) |
| Pre-Tax Income | (36.5) | (33.1) | (54.0) | (108.0) | (86.8) | (10.9) | (27.4) |
| (27.4) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (36.5) | (33.1) | (54.0) | (108.0) | (86.8) | (10.9) | (27.4) |
| Net Income Attributable To Parent | (36.5) | (33.1) | (54.0) | (108.0) | (86.8) | (10.9) | (27.4) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (36.5) | (33.1) | (54.0) | (108.0) | (86.8) | (10.9) | (27.4) |
| Shares Basic | 177.1 | 168.4 | 156.6 | 149.2 | 143.9 | 71.7 | 8.9 |
| Shares Diluted | 177.1 | 168.4 | 156.6 | 149.2 | 143.9 | 71.7 | 8.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 8.3 |
| 10.0 |
| 5.1 |
| 2.6 |
| - |
| 1.6 |
| - |
| - |
| 7.8 |
| 7.5 |
| 1.5 |
| 3.1 |
| - |
| 1.2 |
| 0.0 |
| - |
| 1.1 |
| 1.0 |
| 0.8 |
| 0.6 |
| 0.5 |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 24.8 |
| 19.4 |
| 22.8 |
| 7.6 |
| 9.4 |
| - |
| 6.8 |
| - |
| - |
| 0.3 |
| 3.3 |
| 2.4 |
| - |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 24.8 |
| 40.2 |
| (16.1) |
| (4.6) |
| - |
| (0.1) |
| - |
| - |
| - |
| - |
| (7.6) |
| (4.1) |
| - |
| (0.1) |
| (0.0) |
| - |
| (10.3) |
| 20.8 |
| (7.6) |
| (13.8) |
| (20.8) |
| (0.1) |
| (0.0) |
| (6.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (10.3) |
| 20.8 |
| (7.6) |
| (13.8) |
| (20.8) |
| (0.1) |
| (0.0) |
| (6.4) |
| (13.8) |
| 4.8 |
| 20.8 |
| (23.0) |
| (13.5) |
| (9.6) |
| (6.3) |
| (5.1) |
| (6.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (25.7) |
| (13.8) |
| 5.0 |
| 20.8 |
| (23.0) |
| (13.8) |
| (9.6) |
| (6.3) |
| (5.1) |
| (6.4) |
| 0.14 |
| (1.93) |
| (1.29) |
| - |
| (0.70) |
| - |
| - |
| 119.7 |
| 11.9 |
| 10.4 |
| - |
| 8.9 |
| - |
| - |
| 153.9 |
| 11.9 |
| 10.4 |
| - |
| 8.9 |
| - |
| - |
| (6.9) |
| (9.0) |
| - |
| (6.2) |
| (0.0) |
| - |