| (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 | 17.3 | 32.9 | 26.0 | 20.0 | 20.8 | 13.2 | 10.1 | 11.4 | 12.6 | 23.2 | 30.5 | 32.4 | 40.9 | 26.2 | 16.6 | 30.7 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 96.1 | 99.7 | 47.4 | 127.0 | 123.1 | 270.5 | 187.4 | 53.1 |
| Cost of Revenue | 94.8 | 100.6 | 59.9 | 118.7 | 150.3 | 303.1 | 183.7 | 55.1 |
| Gross Profit | 1.3 | (0.9) | (12.6) | 8.3 | (27.2) | (32.5) | 3.6 | (2.0) |
| Operating Expenses | ||||||||
| Research & Development | 4.6 | 4.4 | 5.9 | 7.2 | 9.9 | 11.5 | 5.2 | 4.0 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (36.9) | (35.4) | (52.8) | (50.8) | (99.6) | (126.8) | (16.9) | (12.4) |
| Non-Operating | ||||||||
| Interest Income | 0.0 | 0.0 | 0.3 | 1.0 | - | - | - | - |
| Interest Expense | 11.4 | 8.2 | 0.7 | (1.3) | - | - | ||
| Tax & Net | ||||||||
| Income Tax Expense | 0.5 | 0.5 | 0.2 | (0.3) | 0.4 | 0.2 | (0.1) | (0.0) |
| Net Income From Continuing Ops | (43.2) | (79.6) | (48.6) | (50.3) | (99.6) | |||
| Per Share | ||||||||
| EPS Basic | (2.77) | (5.68) | (3.83) | (4.35) | (0.98) | (1.24) | (0.23) | (0.22) |
| EPS Diluted | (1.93) | (5.68) | (3.83) | (4.35) | (0.98) | (1.24) | ||
| Supplementary Data | ||||||||
| EBITDA | (35.6) | (34.1) | (51.2) | (49.4) | (98.7) | (126.6) | (16.9) | (12.0) |
| EBIT | (36.9) | (35.4) | (52.8) | (50.8) | (99.6) | (126.8) | ||
| 49.6 |
| 101.7 |
| 53.0 |
| 50.1 |
| 65.7 |
| 44.2 |
| 59.6 |
| 51.2 |
| 32.4 |
| Cost of Revenue | 18.5 | 28.0 | 24.4 | 23.9 | 24.3 | 17.0 | 14.4 | 13.8 | 14.7 | 22.5 | 27.2 | 30.2 | 38.9 | 28.1 | 26.1 | 37.2 | 58.8 | 110.3 | 61.0 | 66.2 | 65.6 | 49.0 | 56.8 | 52.5 | 25.4 |
| Gross Profit | (1.2) | 4.9 | 1.6 | (3.9) | (3.4) | (3.8) | (4.3) | (2.3) | (2.1) | 0.7 | 3.4 | 2.2 | 2.0 | (1.9) | (9.5) | (6.5) | (9.3) | (8.6) | (8.0) | (16.1) | 0.1 | (4.8) | 2.9 | (1.4) | 7.0 |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 1.1 | 1.1 | 1.2 | 1.1 | 0.9 | 1.5 | 1.5 | 1.5 | 1.4 | 1.5 | 1.9 | 1.9 | 1.9 | 2.4 | 2.1 | 2.7 | 2.7 | 1.9 | 2.1 | 5.6 | 2.0 | 1.2 | 1.4 | 1.5 | 1.1 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | 1.7 | 2.1 | 1.7 | 1.3 | 1.1 | 2.1 | 2.4 | 2.0 | 2.4 | 4.9 | 6.3 | 1.9 | 1.7 | 1.8 | 2.0 | 2.9 | 2.0 | ||||||||
| General & Administrative | 8.0 | 7.3 | 6.4 | 5.2 | 5.1 | 6.1 | 6.8 | 6.0 | 6.6 | 6.1 | 11.4 | 8.8 | 10.8 | 13.8 | 13.1 | 13.1 | 13.8 | ||||||||
| Depreciation & Amortization | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.6 | 0.2 | 0.2 | 0.3 | - | 0.2 | - | |||||||||
| Amortization of Intangibles | - | - | - | - | - | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | - | 0.1 | - | - | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 10.8 | 10.6 | 9.3 | 7.6 | 7.1 | 9.6 | 10.7 | 9.6 | 10.4 | 12.4 | 19.7 | 12.6 | 14.4 | 17.9 | 17.2 | 18.7 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (12.1) | (5.7) | (7.7) | (11.5) | (10.6) | (13.4) | (15.0) | (11.9) | (12.5) | (11.7) | (16.3) | (10.4) | (12.4) | (19.9) | (26.7) | (25.2) | (27.8) | (23.5) | (22.8) | (72.5) | (8.0) | (11.3) | (2.5) | (6.0) | 2.9 |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 3.9 | 4.8 | 2.0 | 0.7 | 0.7 | 0.2 | 0.0 | 0.1 | 0.3 | - | 0.4 | 0.3 | - | - | - | - | - | - | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | (0.3) | - | - | 0.0 | 0.0 | 0.0 | |||||||||
| Other Non-Operating Income | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.3 | 0.1 | (0.0) | 0.0 | 0.0 | (0.1) | (0.1) | (0.1) | - | (0.3) | 0.1 | 0.0 | ||||||||
| Pre-Tax Income | 32.8 | (36.2) | (23.9) | (15.4) | (3.6) | (12.3) | (15.1) | (12.2) | (8.8) | (11.7) | (16.8) | (10.5) | (11.6) | (20.1) | (25.8) | (25.6) | |||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | 0.2 | 0.2 | 0.0 | 0.0 | 0.3 | (0.1) | 0.2 | 0.1 | (0.0) | (0.5) | 0.2 | (0.1) | 0.1 | 0.4 | (0.2) | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | (0.0) | 0.0 | 0.0 | 0.0 | (0.2) |
| Net Income From Continuing Ops | 32.6 | (36.4) | (23.9) | (15.4) | (3.8) | (12.2) | (15.4) | (12.2) | (8.8) | (11.2) | (16.9) | (10.4) | (11.8) | (20.5) | (25.6) | (25.7) | (27.8) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | 32.6 | (36.4) | (23.9) | (15.4) | (3.8) | (12.2) | (15.4) | (12.2) | (8.8) | (11.2) | (16.9) | (10.4) | (11.8) | (20.5) | (25.6) | (25.7) | (27.8) | ||||||||
| Net Income Attributable To Parent | 32.6 | (36.4) | (23.9) | (15.4) | (3.8) | (12.2) | (15.4) | (12.2) | (8.8) | (11.2) | (16.9) | (10.4) | (11.8) | (20.5) | (25.6) | (25.7) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | 32.6 | (36.4) | (23.9) | (15.4) | (3.8) | (12.2) | (15.4) | (12.2) | (8.8) | (11.2) | (16.9) | (10.4) | (11.8) | (20.5) | (25.6) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | 2.09 | - | (1.61) | (1.18) | (0.30) | - | (1.21) | (0.97) | (0.70) | - | (0.14) | (0.09) | (0.11) | - | (0.25) | (0.26) | (0.28) | - | (0.24) | (0.61) | (0.11) | - | (0.04) | (0.09) | 0.05 |
| EPS Diluted | (0.72) | - | (1.61) | (1.18) | (0.58) | - | (1.21) | (0.97) | (0.70) | - | (0.14) | (0.09) | (0.11) | - | (0.25) | (0.26) | (0.28) | - | |||||||
| Shares Basic | 15.6 | - | 14.9 | 13.1 | 12.9 | - | 12.7 | 12.6 | 12.6 | - | 119.8 | 112.7 | 106.8 | - | 102.2 | 100.3 | 99.2 | - | |||||||
| Shares Diluted | 22.4 | - | 14.9 | 13.1 | 14.6 | - | 12.7 | 12.6 | 12.6 | - | 119.8 | 112.7 | 106.8 | - | 102.2 | 100.3 | 99.2 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (11.7) | (5.3) | (7.4) | (11.2) | (10.3) | (13.0) | (14.6) | (11.5) | (12.1) | (11.1) | (16.1) | (10.2) | (12.1) | - | (26.5) | - | (27.7) | - | - | - | (8.0) | - | - | - | 2.9 |
| EBIT | (12.1) | (5.7) | (7.7) | (11.5) | (10.6) | (13.4) | (15.0) | (11.9) | (12.5) | (11.7) | (16.3) | (10.4) | (12.4) | (19.9) | (26.7) | (25.2) | (27.8) | (23.5) | (22.8) | ||||||
| - |
| - |
| - |
| Selling & Marketing | 6.8 | 6.2 | 8.9 | 14.8 | 8.7 | 6.8 | 3.5 | 1.9 |
| General & Administrative | 26.9 | 24.0 | 25.4 | 37.1 | 53.7 | 75.9 | 11.8 | 4.6 |
| Depreciation & Amortization | 1.3 | 1.3 | 1.7 | 1.4 | 0.9 | 0.2 | 0.0 | 0.4 |
| Amortization of Intangibles | - | - | 0.5 | 0.5 | 0.3 | 0.0 | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 38.3 | 34.5 | 40.2 | 59.1 | 72.3 | 94.3 | 20.6 | 10.4 |
| - |
| - |
| Income From Equity Investments | - | - | - | (0.7) | 0.0 | (0.4) | 1.4 | (0.7) |
| Other Non-Operating Income | 0.1 | 0.1 | 0.5 | (0.3) | - | - | - | - |
| Pre-Tax Income | (42.7) | (79.1) | (48.4) | (50.6) | (99.2) | (106.4) | (16.0) | (13.5) |
| (106.6) |
| (15.9) |
| (13.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (43.2) | (79.6) | (48.6) | (50.3) | (99.6) | (106.6) | (15.9) | (13.5) |
| Net Income Attributable To Parent | (43.2) | (79.6) | (48.6) | (50.3) | (99.6) | (106.6) | (15.9) | (13.5) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (43.2) | (79.6) | (48.6) | (50.3) | (99.6) | (106.6) | (15.9) | (13.5) |
| (0.23) |
| (0.22) |
| Shares Basic | 15.6 | 14.0 | 12.7 | 11.6 | 101.4 | 86.0 | 68.8 | 62.0 |
| Shares Diluted | 22.4 | 14.0 | 12.7 | 11.6 | 101.4 | 86.0 | 68.8 | 62.0 |
| (16.9) |
| (12.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.4 |
| 2.2 |
| 3.1 |
| 1.1 |
| 1.2 |
| 1.0 |
| 0.8 |
| 0.5 |
| 12.7 |
| 10.4 |
| 47.7 |
| 5.1 |
| 4.2 |
| 2.9 |
| 2.2 |
| 2.5 |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 18.5 |
| 15.0 |
| 14.7 |
| 56.4 |
| 8.1 |
| 6.5 |
| 5.4 |
| 4.6 |
| 4.1 |
| 0.3 |
| 0.2 |
| 0.0 |
| - |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| (0.1) |
| (0.2) |
| 1.7 |
| (0.2) |
| (0.6) |
| 0.5 |
| - |
| (0.0) |
| (0.0) |
| 0.0 |
| - |
| - |
| - |
| - |
| (27.7) |
| (23.9) |
| (22.9) |
| (52.2) |
| (7.5) |
| (10.0) |
| (2.6) |
| (6.1) |
| 2.8 |
| (23.9) |
| (22.9) |
| (52.4) |
| (7.4) |
| (9.7) |
| (2.8) |
| (6.8) |
| 3.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (23.9) |
| (22.9) |
| (52.4) |
| (7.4) |
| (9.7) |
| (2.8) |
| (6.8) |
| 3.4 |
| (27.8) |
| (23.9) |
| (22.9) |
| (52.4) |
| (7.4) |
| (9.7) |
| (2.8) |
| (6.8) |
| 3.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (25.7) |
| (27.8) |
| (23.9) |
| (22.9) |
| (52.4) |
| (7.4) |
| (9.7) |
| (2.8) |
| (6.8) |
| 3.4 |
| (0.24) |
| (0.61) |
| (0.11) |
| - |
| (0.04) |
| (0.09) |
| 0.04 |
| 94.6 |
| 86.2 |
| 66.9 |
| - |
| 67.6 |
| 74.6 |
| 67.3 |
| 94.6 |
| 86.2 |
| 66.9 |
| - |
| 67.6 |
| 74.6 |
| 77.1 |
| (72.5) |
| (8.0) |
| (11.3) |
| (2.5) |
| (6.0) |
| 2.9 |