| (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 | Q3 FY 20 | Q2 FY 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||
| Revenues | 0.4 | 0.8 | 0.7 | 0.4 | 0.3 | 0.6 | 0.6 | 0.2 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | |||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 2.4 | 2.3 | 1.6 | 1.1 | 1.2 | 1.2 | 1.0 |
| Cost of Revenue | 0.9 | 0.9 | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 |
| Gross Profit | 1.5 | 1.4 | 1.1 | 0.7 | 0.8 | 0.8 | 0.7 |
| Operating Expenses | |||||||
| Research & Development | 5.9 | 7.6 | 8.2 | 7.2 | 5.8 | 4.1 | 4.1 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (16.4) | (17.6) | (17.8) | (14.5) | (11.6) | (8.3) | (6.9) |
| Non-Operating | |||||||
| Interest Income | 0.1 | 0.1 | 0.6 | 0.4 | - | - | - |
| Interest Expense | 1.6 | 1.9 | 1.6 | 0.2 | 0.0 | 0.0 | 0.0 |
| Tax & Net | |||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (11.9) | (18.6) | (18.8) | (14.2) | (11.4) | (7.5) | |
| Per Share | |||||||
| EPS Basic | (0.19) | (0.47) | (0.85) | (0.93) | (0.96) | (1.12) | (7.20) |
| EPS Diluted | (0.16) | (0.47) | (0.85) | (0.93) | (0.96) | (1.12) | (7.20) |
| Supplementary Data | |||||||
| EBITDA | (16.0) | (17.2) | (17.5) | (14.0) | (11.0) | (7.7) | (6.3) |
| EBIT | (16.4) | (17.6) | (17.8) | (14.5) | (11.6) | (8.3) | (6.9) |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| Cost of Revenue | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Gross Profit | 0.3 | 0.5 | 0.4 | 0.3 | 0.2 | 0.4 | 0.4 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
| Operating Expenses | |||||||||||||||||||||||
| Research & Development | 1.3 | 1.8 | 1.4 | 1.4 | 3.0 | 2.2 | 2.3 | 2.0 | 1.8 | 2.1 | 2.1 | 1.5 | 1.5 | 1.3 | 1.6 | 1.5 | 1.4 | 1.1 | 1.1 | 0.9 | 1.0 | 1.0 | 0.9 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Selling & Marketing | 1.3 | 1.4 | 1.1 | 1.0 | 0.9 | 1.2 | 1.6 | 1.0 | 0.3 | 0.2 | 0.1 | 0.1 | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | ||||||
| General & Administrative | 1.8 | 1.8 | 1.5 | 1.6 | 1.7 | 1.7 | 1.5 | 1.6 | 1.5 | 2.2 | 2.0 | 1.4 | 1.3 | 1.4 | 1.4 | 1.2 | 1.4 | ||||||
| Depreciation & Amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |||||||
| Amortization of Intangibles | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | ||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Total Operating Expenses | 4.5 | 5.1 | 4.1 | 4.1 | 5.7 | 5.1 | 5.5 | 4.6 | 3.6 | 4.6 | 4.2 | 3.1 | 3.2 | 3.1 | 3.3 | 2.9 | |||||||
| Operating Income | |||||||||||||||||||||||
| Operating Income | (4.2) | (4.6) | (3.7) | (3.9) | (5.5) | (4.7) | (5.1) | (4.5) | (3.5) | (4.4) | (4.1) | (2.9) | (3.0) | (3.0) | (3.1) | (2.7) | (2.9) | (2.4) | (2.3) | (1.9) | (1.8) | (1.6) | (1.5) |
| Non-Operating | |||||||||||||||||||||||
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.2 | - | 0.1 | 0.0 | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.2 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Other Non-Operating Income | 5.1 | 0.7 | (0.5) | (0.7) | (0.4) | (0.4) | (0.3) | (0.2) | (0.1) | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | (0.0) | ||||||
| Pre-Tax Income | 0.8 | (3.9) | (4.2) | (4.6) | (5.9) | (5.1) | (5.4) | (4.7) | (3.6) | - | (4.0) | (2.9) | - | - | - | - | - | ||||||
| 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 |
| Net Income From Continuing Ops | 0.8 | (4.0) | (4.2) | (4.6) | (5.9) | (5.1) | (5.4) | (4.7) | (3.6) | (4.4) | (4.0) | (2.9) | (2.9) | (2.9) | (3.0) | (2.6) | (2.9) | ||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Net Income | 0.8 | (4.0) | (4.2) | (4.6) | (5.9) | (5.1) | (5.4) | (4.7) | (3.6) | (4.4) | (4.0) | (2.9) | (2.9) | (2.9) | (3.0) | (2.6) | (2.9) | ||||||
| Net Income Attributable To Parent | 0.8 | (4.0) | (4.2) | (4.6) | (5.9) | (5.1) | (5.4) | (4.7) | (3.6) | (4.4) | (4.0) | (2.9) | (2.9) | (2.9) | (3.0) | (2.6) | |||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Net Income To Common Shareholders | 0.3 | (4.0) | (4.2) | (4.6) | (5.9) | (5.1) | (5.4) | (4.7) | (3.6) | (4.4) | (4.0) | (2.9) | (2.9) | (2.9) | (3.0) | ||||||||
| Per Share | |||||||||||||||||||||||
| EPS Basic | 0.00 | - | (0.10) | (0.16) | (0.23) | - | (0.24) | (0.21) | (0.17) | - | (0.26) | (0.22) | (0.25) | - | (0.25) | (0.22) | (0.24) | - | (0.19) | (0.52) | (1.84) | (1.64) | (1.55) |
| EPS Diluted | 0.00 | - | (0.10) | (0.16) | (0.23) | - | (0.24) | (0.21) | (0.17) | - | (0.26) | (0.22) | (0.25) | - | (0.25) | (0.22) | (0.24) | - | |||||
| Shares Basic | 66.6 | - | 41.0 | 28.9 | 25.1 | - | 22.2 | 22.2 | 21.8 | - | 15.1 | 13.1 | 11.9 | - | 11.8 | 11.8 | 11.8 | - | |||||
| Shares Diluted | 78.1 | - | 41.0 | 28.9 | 25.1 | - | 22.2 | 22.2 | 21.8 | - | 15.1 | 13.1 | 11.9 | - | 11.8 | 11.8 | 11.8 | - | |||||
| Supplementary Data | |||||||||||||||||||||||
| EBITDA | (4.1) | (4.5) | (3.6) | (3.8) | (5.4) | (4.6) | (5.0) | (4.4) | (3.4) | (4.4) | (4.0) | (2.8) | (2.9) | (2.9) | (2.9) | (2.5) | (2.7) | (2.2) | (2.1) | (1.7) | (1.7) | (1.4) | (1.3) |
| EBIT | (4.2) | (4.6) | (3.7) | (3.9) | (5.5) | (4.7) | (5.1) | (4.5) | (3.5) | (4.4) | (4.1) | (2.9) | (3.0) | (3.0) | (3.1) | (2.7) | (2.9) | (2.4) | (2.3) | ||||
| - |
| Selling & Marketing | 4.9 | 4.4 | 4.0 | 0.7 | 0.6 | 0.2 | 0.3 |
| General & Administrative | 6.7 | 6.6 | 6.3 | 6.9 | 5.4 | 4.3 | 2.5 |
| Depreciation & Amortization | 0.3 | 0.3 | 0.3 | 0.5 | 0.6 | 0.6 | 0.7 |
| Amortization of Intangibles | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 17.8 | 19.0 | 18.9 | 15.2 | 12.4 | 9.1 | 7.7 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | 4.5 | (1.0) | (1.0) | 0.3 | 0.2 | 0.8 | 0.0 |
| Pre-Tax Income | (11.9) | (18.6) | (18.8) | (14.2) | (11.4) | (7.5) | (6.9) |
| (6.9) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (11.9) | (18.6) | (18.8) | (14.2) | (11.4) | (7.5) | (6.9) |
| Net Income Attributable To Parent | (11.9) | (18.6) | (18.8) | (14.2) | (11.4) | (7.5) | (6.9) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (12.4) | (18.6) | (18.8) | (14.2) | (11.4) | (7.5) | (6.9) |
| Shares Basic | 66.6 | 39.5 | 22.3 | 15.4 | 11.8 | 6.7 | 1.0 |
| Shares Diluted | 78.1 | 39.5 | 22.3 | 15.4 | 11.8 | 6.7 | 1.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 1.2 |
| 1.1 |
| 1.1 |
| 0.9 |
| 0.6 |
| 0.5 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.1 |
| 2.5 |
| 2.4 |
| 2.1 |
| 2.1 |
| 1.8 |
| 1.6 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.0) |
| 0.8 |
| - |
| (0.0) |
| (0.0) |
| - |
| (2.3) |
| (1.1) |
| - |
| (1.6) |
| (1.5) |
| (2.4) |
| (2.3) |
| (1.1) |
| (1.8) |
| (1.6) |
| (1.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| (2.4) |
| (2.3) |
| (1.1) |
| (1.8) |
| (1.6) |
| (1.5) |
| (2.9) |
| (2.4) |
| (2.3) |
| (1.1) |
| (1.8) |
| (1.6) |
| (1.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (2.6) |
| (2.9) |
| (2.4) |
| (2.3) |
| (1.1) |
| (1.8) |
| (1.6) |
| (1.5) |
| (0.19) |
| (0.52) |
| (1.84) |
| (1.64) |
| (1.55) |
| 11.8 |
| 2.1 |
| 1.0 |
| 1.0 |
| 1.0 |
| 11.8 |
| 2.1 |
| 1.0 |
| 1.0 |
| 1.0 |
| (1.9) |
| (1.8) |
| (1.6) |
| (1.5) |