| (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 | 154.0 | 145.3 | 136.9 | 127.2 | 122.4 | 116.1 | 109.1 | 103.0 | 100.3 | 97.3 | 88.6 | 84.2 | 79.8 | 76.5 | 72.0 | 67.8 | ||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 563.4 | 531.8 | 428.5 | 349.9 | 280.0 | 206.7 | 150.8 | 104.7 | 63.5 |
| Cost of Revenue | 126.9 | 123.5 | 98.3 | 77.0 | 62.3 | 41.8 | 28.5 | 20.0 | 10.7 |
| Gross Profit | 436.5 | 408.4 | 330.2 | 272.8 | 217.8 | 164.9 | 122.4 | 84.7 | 52.8 |
| Operating Expenses | |||||||||
| Research & Development | 203.6 | 195.1 | 160.9 | 134.6 | 121.2 | 79.6 | 41.1 | 29.7 | 25.9 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | (81.8) | (91.9) | (91.1) | (75.5) | (89.8) | (68.4) | (14.2) | (6.9) | (26.9) |
| Non-Operating | |||||||||
| Interest Income | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | ||||
| Tax & Net | |||||||||
| Income Tax Expense | 6.8 | 5.8 | 3.4 | 6.7 | 5.4 | (3.4) | (2.7) | 1.6 | 0.5 |
| Net Income From Continuing Ops | (61.6) | (71.8) | (69.2) | (61.3) | |||||
| Per Share | |||||||||
| EPS Basic | (0.51) | (0.62) | (0.63) | (0.59) | (0.91) | (0.68) | (0.20) | - | - |
| EPS Diluted | (0.51) | (0.62) | (0.63) | (0.59) | (0.91) | ||||
| Supplementary Data | |||||||||
| EBITDA | (58.5) | (67.4) | (69.6) | (60.2) | (75.2) | (59.6) | (10.5) | (4.1) | (25.7) |
| EBIT | (81.8) | (91.9) | (91.1) | (75.5) | (89.8) | ||||
| 63.7 |
| 59.2 |
| 53.7 |
| 48.7 |
| 45.1 |
| 42.7 |
| 38.9 |
| 36.4 |
| 32.8 |
| 27.8 |
| Cost of Revenue | 33.6 | 32.2 | 30.9 | 30.2 | 30.2 | 28.5 | 27.3 | 21.9 | 20.6 | 20.4 | 19.8 | 18.4 | 18.4 | 17.3 | 15.9 | 15.2 | 13.9 | 12.9 | 11.5 | 9.1 | 8.4 | 8.1 | 7.3 | 6.7 | 6.4 | 5.3 |
| Gross Profit | 120.4 | 113.1 | 106.0 | 97.0 | 92.2 | 87.6 | 81.8 | 81.2 | 79.7 | 76.8 | 68.9 | 65.7 | 61.4 | 59.3 | 56.1 | 52.6 | 49.8 | 46.4 | 42.2 | 39.6 | 36.7 | 34.6 | 31.6 | 29.7 | 26.4 | 22.5 |
| Operating Expenses | ||||||||||||||||||||||||||
| Research & Development | 51.8 | 53.2 | 51.2 | 47.4 | 43.3 | 44.9 | 43.0 | 37.1 | 35.8 | 32.8 | 33.4 | 33.5 | 34.9 | 33.5 | 31.7 | 28.9 | 27.1 | 25.9 | 23.1 | 16.7 | 13.8 | 11.7 | 10.4 | 9.8 | 9.3 | 8.7 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Selling & Marketing | 57.8 | 59.7 | 56.0 | 55.4 | 52.8 | 50.0 | 51.0 | 45.9 | 43.6 | 40.9 | 37.9 | 36.4 | 35.5 | 36.5 | 33.2 | 32.0 | 29.2 | |||||||||
| General & Administrative | 23.7 | 21.6 | 20.5 | 20.1 | 19.0 | 18.1 | 17.7 | 17.3 | 16.9 | 18.5 | 15.7 | 14.7 | 14.2 | 14.1 | 14.7 | 14.0 | 12.7 | |||||||||
| Depreciation & Amortization | 5.6 | 16.0 | 0.9 | 0.9 | 6.7 | 15.7 | 1.1 | 0.9 | 3.8 | - | - | - | 3.8 | - | - | - | ||||||||||
| Amortization of Intangibles | 4.7 | 4.6 | 4.8 | 5.7 | 5.8 | 5.9 | 5.9 | 2.9 | 2.9 | 2.8 | 3.0 | 3.0 | 3.0 | 3.1 | 2.9 | 2.8 | 2.8 | |||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Total Operating Expenses | 133.3 | 134.5 | 127.6 | 123.0 | 115.2 | 113.0 | 111.7 | 100.3 | 96.3 | 92.2 | 86.9 | 84.6 | 84.6 | 84.1 | 79.5 | 75.0 | ||||||||||
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (12.9) | (21.3) | (21.6) | (26.0) | (23.0) | (25.4) | (29.9) | (19.1) | (16.6) | (15.4) | (18.1) | (18.9) | (23.2) | (24.9) | (23.4) | (22.4) | (19.1) | (22.6) | (20.9) | (14.2) | (10.6) | (8.0) | (5.4) | 1.3 | (2.1) | (3.3) |
| Non-Operating | ||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Non-Operating Income | 7.2 | 6.9 | 6.7 | 6.3 | 6.0 | 5.6 | 5.7 | 6.9 | 7.1 | 6.4 | 5.7 | 4.9 | 4.0 | 2.9 | 1.4 | 0.5 | 0.3 | |||||||||
| Pre-Tax Income | (5.8) | (14.5) | (14.9) | (19.7) | (17.0) | (19.8) | (24.2) | (12.2) | (9.5) | (9.0) | (12.3) | (14.0) | (19.2) | (21.9) | (22.1) | (21.9) | ||||||||||
| Tax & Net | ||||||||||||||||||||||||||
| Income Tax Expense | 2.5 | 0.8 | 1.5 | 2.0 | 1.5 | 3.4 | (1.3) | 2.1 | (0.8) | 2.3 | 1.4 | 1.5 | 1.6 | 1.2 | 1.5 | 1.9 | 0.8 | 0.1 | (0.4) | (0.7) | (2.4) | (3.8) | 0.3 | 0.2 | 0.6 | 0.4 |
| Net Income From Continuing Ops | (8.3) | (15.2) | (16.4) | (21.7) | (18.5) | (23.2) | (22.9) | (14.3) | (8.8) | (11.2) | (13.7) | (15.5) | (20.8) | (23.2) | (23.6) | (23.8) | (19.7) | |||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income | (8.3) | (15.2) | (16.4) | (21.7) | (18.5) | (23.2) | (22.9) | (14.3) | (8.8) | (11.2) | (13.7) | (15.5) | (20.8) | (23.2) | (23.6) | (23.8) | (19.7) | |||||||||
| Net Income Attributable To Parent | (8.3) | (15.2) | (16.4) | (21.7) | (18.5) | (23.2) | (22.9) | (14.3) | (8.8) | (11.2) | (13.7) | (15.5) | (20.8) | (23.2) | (23.6) | (23.8) | ||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income To Common Shareholders | (8.3) | (15.2) | (16.4) | (21.7) | (18.5) | (23.2) | (22.9) | (14.3) | (8.8) | (11.2) | (13.7) | (15.5) | (20.8) | (23.2) | (23.6) | |||||||||||
| Per Share | ||||||||||||||||||||||||||
| EPS Basic | (0.07) | - | (0.14) | (0.19) | (0.16) | - | (0.21) | (0.13) | (0.08) | - | (0.13) | (0.15) | (0.21) | - | (0.24) | (0.24) | (0.20) | - | (0.21) | (0.14) | - | - | - | 0.00 | - | - |
| EPS Diluted | (0.07) | - | (0.14) | (0.19) | (0.16) | - | (0.21) | (0.13) | (0.08) | - | (0.13) | (0.15) | (0.21) | - | (0.24) | (0.24) | (0.20) | - | ||||||||
| Shares Basic | 120.2 | - | 117.3 | 115.3 | 113.4 | - | 110.8 | 108.9 | 107.0 | - | 104.1 | 102.5 | 101.3 | - | 99.6 | 99.0 | 97.9 | - | ||||||||
| Shares Diluted | 120.2 | - | 117.3 | 115.3 | 113.4 | - | 110.8 | 108.9 | 107.0 | - | 104.1 | 102.5 | 101.3 | - | 99.6 | 99.0 | 97.9 | - | ||||||||
| Supplementary Data | ||||||||||||||||||||||||||
| EBITDA | (7.4) | (5.3) | (20.7) | (25.1) | (16.3) | (9.8) | (28.8) | (18.2) | (12.8) | - | - | - | (19.4) | - | - | - | (15.6) | - | - | - | (9.6) | - | - | - | (1.2) | - |
| EBIT | (12.9) | (21.3) | (21.6) | (26.0) | (23.0) | (25.4) | (29.9) | (19.1) | (16.6) | (15.4) | (18.1) | (18.9) | (23.2) | (24.9) | (23.4) | (22.4) | (19.1) | (22.6) | (20.9) | |||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 228.9 | 223.9 | 190.4 | 150.7 | 130.8 | 97.0 | 60.9 | 44.1 | 35.0 |
| General & Administrative | 85.9 | 81.2 | 70.0 | 63.1 | 55.6 | 56.7 | 34.5 | 17.8 | 18.8 |
| Depreciation & Amortization | 23.4 | 24.5 | 21.5 | 15.3 | 14.7 | 8.7 | 3.7 | 2.8 | 1.1 |
| Amortization of Intangibles | 19.8 | 20.9 | 17.6 | 11.8 | 11.6 | 5.9 | 1.6 | 1.5 | 0.4 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 518.4 | 500.2 | 421.3 | 348.4 | 307.6 | 233.2 | 136.6 | 91.6 | 79.7 |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 27.0 | 25.8 | 25.3 | 21.0 | 5.1 | 0.7 | 2.0 | 3.2 | 1.3 |
| Pre-Tax Income | (54.8) | (66.0) | (65.8) | (54.5) | (84.7) | (67.6) | (12.1) | (3.8) | (25.5) |
| (90.2) |
| (64.2) |
| (9.4) |
| (5.4) |
| (26.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (61.6) | (71.8) | (69.2) | (61.3) | (90.2) | (64.2) | (9.4) | (5.4) | (26.0) |
| Net Income Attributable To Parent | (61.6) | (71.8) | (69.2) | (61.3) | (90.2) | (64.2) | (9.4) | (5.4) | (26.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (61.6) | (71.8) | (69.2) | (61.3) | (90.2) | (64.2) | (9.4) | (5.4) | (26.0) |
| (0.68) |
| (0.20) |
| - |
| - |
| Shares Basic | 120.2 | 116.2 | 109.7 | 103.3 | 99.2 | 94.8 | 46.5 | - | - |
| Shares Diluted | 120.2 | 116.2 | 109.7 | 103.3 | 99.2 | 94.8 | 46.5 | - | - |
| (68.4) |
| (14.2) |
| (6.9) |
| (26.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 30.9 |
| 24.3 |
| 22.0 |
| 19.8 |
| 18.2 |
| 14.8 |
| 13.9 |
| 14.0 |
| 12.0 |
| 12.2 |
| 15.7 |
| 15.1 |
| 13.7 |
| 12.8 |
| 11.8 |
| 4.7 |
| 5.2 |
| 5.1 |
| 3.5 |
| - |
| - |
| - |
| 1.0 |
| - |
| - |
| - |
| 0.9 |
| - |
| 2.8 |
| 2.3 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 69.0 |
| 69.0 |
| 63.2 |
| 53.8 |
| 47.3 |
| 42.6 |
| 37.0 |
| 28.4 |
| 28.5 |
| 25.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.3 |
| 0.4 |
| 0.5 |
| 0.4 |
| 0.6 |
| 0.6 |
| 0.6 |
| (18.9) |
| (22.6) |
| (20.9) |
| (13.9) |
| (10.3) |
| (7.5) |
| (5.0) |
| 1.9 |
| (1.5) |
| (2.7) |
| (22.7) |
| (20.5) |
| (13.1) |
| (7.9) |
| (3.7) |
| (5.3) |
| 1.7 |
| (2.1) |
| (3.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (22.7) |
| (20.5) |
| (13.1) |
| (7.9) |
| (3.7) |
| (5.3) |
| 1.7 |
| (2.1) |
| (3.1) |
| (19.7) |
| (22.7) |
| (20.5) |
| (13.1) |
| (7.9) |
| (3.7) |
| (5.3) |
| 1.7 |
| (2.1) |
| (3.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (23.8) |
| (19.7) |
| (22.7) |
| (20.5) |
| (13.1) |
| (7.9) |
| (2.0) |
| (5.3) |
| 0.0 |
| (2.1) |
| (3.1) |
| (0.21) |
| (0.14) |
| - |
| - |
| - |
| 0.00 |
| - |
| - |
| 95.7 |
| 93.7 |
| - |
| - |
| - |
| 28.3 |
| - |
| - |
| 95.7 |
| 93.7 |
| - |
| - |
| - |
| 38.1 |
| - |
| - |
| (14.2) |
| (10.6) |
| (8.0) |
| (5.4) |
| 1.3 |
| (2.1) |
| (3.3) |