| (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 | Q3 FY 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||
| Revenues | 3.3 | 9.2 | 8.2 | 7.6 | 6.0 | 2.9 | 7.8 | 6.9 | 5.1 | 5.8 | 17.5 | 5.6 | 5.3 | 4.2 | 6.6 | 4.5 | ||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 28.2 | 30.9 | 22.6 | 34.2 | 19.2 | 1.3 | 0.4 | - |
| Cost of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||
| Research & Development | 82.1 | 85.5 | 94.5 | 109.7 | 105.6 | 80.3 | 57.7 | 44.4 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (85.0) | (86.4) | (102.7) | (107.9) | (117.1) | (100.7) | (68.5) | (51.1) |
| Non-Operating | ||||||||
| Interest Income | 7.8 | 8.7 | 11.9 | 10.9 | 5.7 | 0.1 | - | - |
| Interest Expense | - | - | - | - | - | 1.9 | ||
| Tax & Net | ||||||||
| Income Tax Expense | - | 0.0 | 0.0 | 4.2 | 0.0 | - | 0.0 | 0.0 |
| Net Income From Continuing Ops | (75.3) | (74.3) | (86.6) | (98.4) | (108.9) | |||
| Per Share | ||||||||
| EPS Basic | (1.08) | (1.18) | (1.58) | (2.34) | (2.62) | (2.73) | (6.23) | - |
| EPS Diluted | (1.08) | (1.18) | (1.58) | (2.34) | (2.62) | (2.73) | ||
| Supplementary Data | ||||||||
| EBITDA | (82.3) | (83.1) | (99.6) | (104.5) | (113.8) | (97.5) | (67.2) | (50.4) |
| EBIT | (85.0) | (86.4) | (102.7) | (107.9) | (117.1) | (100.7) | ||
| 3.9 |
| 0.7 |
| 0.0 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.0 |
| 0.0 |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||
| Research & Development | 18.3 | 22.0 | 20.0 | 21.8 | 21.6 | 20.5 | 24.7 | 23.8 | 25.5 | 24.2 | 26.3 | 29.2 | 30.0 | 28.2 | 26.9 | 26.0 | 24.5 | 22.5 | 20.5 | 18.6 | 18.7 | 16.5 | 16.1 | 13.6 | 11.5 | 11.3 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| General & Administrative | 6.6 | 6.8 | 6.7 | 6.9 | 7.2 | 6.4 | 7.0 | 7.3 | 7.7 | 7.0 | 8.3 | 8.4 | 8.6 | 7.9 | 8.0 | 7.7 | 7.2 | |||||||||
| Depreciation & Amortization | 0.2 | 0.7 | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 | 0.8 | 0.8 | 0.9 | 0.9 | 0.8 | 0.9 | 0.8 | 0.9 | 0.8 | ||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Total Operating Expenses | 24.8 | 33.1 | 26.7 | 28.7 | 28.9 | 26.9 | 31.7 | 33.5 | 33.2 | 31.2 | 34.6 | 37.6 | 38.6 | 36.1 | 34.9 | 33.7 | ||||||||||
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (21.6) | (23.9) | (18.5) | (21.1) | (22.9) | (24.0) | (23.9) | (26.6) | (28.2) | (25.5) | (17.1) | (32.1) | (33.3) | (31.9) | (28.3) | (29.2) | (27.8) | (28.1) | (26.3) | (23.3) | (23.1) | (20.8) | (18.5) | (15.5) | (13.7) | (13.1) |
| Non-Operating | ||||||||||||||||||||||||||
| Interest Income | 1.7 | 1.7 | 2.0 | 2.3 | 2.7 | 3.1 | 3.5 | 2.9 | 2.4 | 2.7 | 2.8 | 2.8 | 2.7 | 2.4 | 1.8 | 1.2 | 0.2 | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.4 | ||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Non-Operating Income | 1.7 | 2.2 | 2.7 | 3.2 | 4.1 | 4.5 | 4.7 | 3.7 | 3.2 | 3.3 | 3.5 | 3.5 | 3.4 | 3.0 | 2.5 | 1.9 | 0.9 | |||||||||
| Pre-Tax Income | - | - | - | - | - | (19.5) | (19.1) | (23.0) | (25.0) | (22.1) | (13.6) | (28.5) | (29.9) | (28.9) | (25.8) | (27.3) | ||||||||||
| Tax & Net | ||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 2.0 | 0.7 | 0.9 | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (19.9) | (21.7) | (15.8) | (17.9) | (18.8) | (19.5) | (19.1) | (23.0) | (25.0) | (24.1) | (14.3) | (29.5) | (30.5) | (28.9) | (25.8) | (27.3) | (26.9) | |||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income | (19.9) | (21.7) | (15.8) | (17.9) | (18.8) | (19.5) | (19.1) | (23.0) | (25.0) | (24.1) | (14.3) | (29.5) | (30.5) | (28.9) | (25.8) | (27.3) | (26.9) | |||||||||
| Net Income Attributable To Parent | (19.9) | (21.7) | (15.8) | (17.9) | (18.8) | (19.5) | (19.1) | (23.0) | (25.0) | (24.1) | (14.3) | (29.5) | (30.5) | (28.9) | (25.8) | (27.3) | ||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income To Common Shareholders | (19.9) | (21.7) | (15.8) | (17.9) | (18.8) | (19.5) | (19.1) | (23.0) | (25.0) | (24.1) | (14.3) | (29.5) | (30.5) | (28.9) | (25.8) | |||||||||||
| Per Share | ||||||||||||||||||||||||||
| EPS Basic | (0.29) | - | (0.25) | (0.28) | (0.30) | - | (0.31) | (0.45) | (0.59) | - | (0.34) | (0.70) | (0.73) | - | (0.62) | (0.66) | (0.65) | - | (0.71) | (0.63) | (0.62) | - | (3.12) | (2.90) | - | - |
| EPS Diluted | (0.29) | - | (0.25) | (0.28) | (0.30) | - | (0.31) | (0.45) | (0.59) | - | (0.34) | (0.70) | (0.73) | - | (0.62) | (0.66) | (0.65) | - | ||||||||
| Shares Basic | 69.5 | - | 63.0 | 63.0 | 62.8 | - | 62.6 | 51.6 | 42.4 | - | 42.0 | 41.8 | 41.8 | - | 41.7 | 41.5 | 41.4 | - | ||||||||
| Shares Diluted | 69.5 | - | 63.0 | 63.0 | 62.8 | - | 62.6 | 51.6 | 42.4 | - | 42.0 | 41.8 | 41.8 | - | 41.7 | 41.5 | 41.4 | - | ||||||||
| Supplementary Data | ||||||||||||||||||||||||||
| EBITDA | (21.3) | (23.2) | (17.6) | (20.2) | (22.1) | (23.2) | (23.2) | (25.8) | (27.4) | (24.6) | (16.2) | (31.3) | (32.5) | (31.1) | (27.4) | (28.4) | (27.0) | (27.2) | (25.5) | (22.5) | (22.4) | (20.2) | (18.2) | (15.3) | (13.5) | - |
| EBIT | (21.6) | (23.9) | (18.5) | (21.1) | (22.9) | (24.0) | (23.9) | (26.6) | (28.2) | (25.5) | (17.1) | (32.1) | (33.3) | (31.9) | (28.3) | (29.2) | (27.8) | (28.1) | (26.3) | |||||||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 26.9 | 27.6 | 28.4 | 32.4 | 30.7 | 21.7 | 11.2 | 6.7 |
| Depreciation & Amortization | 2.7 | 3.3 | 3.1 | 3.5 | 3.3 | 3.2 | 1.3 | 0.7 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 113.3 | 117.3 | 125.3 | 142.1 | 136.4 | 102.1 | 69.0 | 51.1 |
| 1.0 |
| 0.5 |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 9.7 | 12.1 | 16.1 | 13.7 | 8.3 | (0.6) | (0.3) | (0.0) |
| Pre-Tax Income | - | - | (86.6) | (94.2) | (108.9) | - | - | - |
| (101.3) |
| (68.8) |
| (51.1) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (75.3) | (74.3) | (86.6) | (98.4) | (108.9) | (101.3) | (68.8) | (51.1) |
| Net Income Attributable To Parent | (75.3) | (74.3) | (86.6) | (98.4) | (108.9) | (101.3) | (68.8) | (51.1) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (75.3) | (74.3) | (86.6) | (98.4) | (108.9) | (101.3) | (68.8) | (51.1) |
| (6.23) |
| - |
| Shares Basic | 69.5 | 63.0 | 54.9 | 42.0 | 41.6 | 37.2 | 11.0 | - |
| Shares Diluted | 69.5 | 63.0 | 54.9 | 42.0 | 41.6 | 37.2 | 11.0 | - |
| (68.5) |
| (51.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 6.3 |
| 5.8 |
| 4.9 |
| 4.7 |
| 4.6 |
| 2.6 |
| 1.9 |
| 2.2 |
| 1.8 |
| 0.8 |
| 0.9 |
| 0.8 |
| 0.8 |
| 0.8 |
| 0.6 |
| 0.3 |
| 0.2 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 31.7 |
| 28.8 |
| 26.3 |
| 23.5 |
| 23.4 |
| 21.0 |
| 18.7 |
| 15.5 |
| 13.7 |
| 13.1 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.1) |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.0 |
| 0.1 |
| (0.2) |
| (0.2) |
| 0.0 |
| (26.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (29.1) |
| (26.1) |
| (23.1) |
| (23.0) |
| (20.8) |
| (18.4) |
| (15.7) |
| (14.0) |
| (13.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (29.1) |
| (26.1) |
| (23.1) |
| (23.0) |
| (20.8) |
| (18.4) |
| (15.7) |
| (14.0) |
| (13.1) |
| (26.9) |
| (29.1) |
| (26.1) |
| (23.1) |
| (23.0) |
| (20.8) |
| (18.4) |
| (15.7) |
| (14.0) |
| (13.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (27.3) |
| (26.9) |
| (29.1) |
| (26.1) |
| (23.1) |
| (23.0) |
| (20.8) |
| (18.4) |
| (15.7) |
| (14.0) |
| (13.1) |
| (0.71) |
| (0.63) |
| (0.62) |
| - |
| (3.12) |
| (2.90) |
| - |
| - |
| 37.0 |
| 36.8 |
| 36.8 |
| - |
| 5.9 |
| 5.4 |
| - |
| - |
| 37.0 |
| 36.8 |
| 36.8 |
| - |
| 5.9 |
| 5.4 |
| - |
| - |
| (23.3) |
| (23.1) |
| (20.8) |
| (18.5) |
| (15.5) |
| (13.7) |
| (13.1) |