| (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 | 0.5 | 0.5 | 0.8 | 0.3 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 2.0 | 2.0 | 0.0 | - | - | - | - |
| Cost of Revenue | 11.6 | 9.7 | 0.0 | - | - | - | - |
| Gross Profit | (9.6) | (7.7) | 0.0 | - | - | - | - |
| Operating Expenses | |||||||
| Research & Development | 73.3 | 69.3 | 88.6 | 76.6 | 63.3 | 61.3 | 54.1 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (113.9) | (108.1) | (114.4) | (100.0) | (84.6) | (81.2) | (64.6) |
| Non-Operating | |||||||
| Interest Income | 2.3 | 2.6 | 4.1 | 5.5 | 2.6 | 0.0 | 0.3 |
| Interest Expense | 10.5 | 11.3 | 9.3 | 6.6 | 6.2 | 4.3 | 2.2 |
| Tax & Net | |||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (97.6) | (40.8) | (148.7) | (110.8) | (12.0) | (26.5) | |
| Per Share | |||||||
| EPS Basic | (0.48) | (0.26) | (1.26) | (1.07) | (0.12) | (0.66) | (11.54) |
| EPS Diluted | (0.48) | (0.26) | (1.26) | (1.07) | (0.12) | (0.66) | (11.54) |
| Supplementary Data | |||||||
| EBITDA | (108.5) | (102.8) | (109.3) | (94.4) | (78.4) | (75.0) | (58.3) |
| EBIT | (113.9) | (108.1) | (114.4) | (100.0) | (84.6) | (81.2) | (64.6) |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.9 |
| - |
| - |
| Cost of Revenue | 2.0 | 9.1 | 0.3 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | (1.5) | (8.6) | 0.5 | 0.1 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 19.5 | 14.6 | 17.3 | 22.0 | 15.4 | 20.7 | 22.9 | 23.8 | 21.3 | 20.2 | 18.6 | 20.5 | 17.3 | 15.0 | 17.3 | 14.7 | 16.3 | 16.3 | 15.4 | 14.6 | 15.1 | - | 14.7 | - | - |
| Selling General & Administrative | - | - | 7.6 | 7.8 | 8.1 | - | 7.3 | 5.7 | 5.3 | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| General & Administrative | 7.9 | - | - | - | 8.1 | 7.4 | 7.3 | 5.7 | 5.3 | 6.0 | 6.1 | 6.2 | 5.2 | 5.8 | 6.2 | 5.2 | 5.7 | ||||||||
| Depreciation & Amortization | 1.3 | 1.4 | 1.3 | 1.3 | 1.3 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.5 | 1.6 | 1.6 | 1.5 | 1.5 | |||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 29.4 | 31.3 | 25.1 | 30.0 | 23.7 | 28.1 | 30.2 | 29.5 | 26.6 | 26.2 | 24.6 | 26.7 | 22.5 | 20.8 | 23.5 | 19.8 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (28.9) | (30.8) | (24.4) | (29.7) | (23.2) | (28.1) | (30.2) | (29.5) | (26.6) | (26.2) | (24.6) | (26.7) | (22.5) | (20.8) | (23.5) | (18.5) | (21.8) | (21.6) | (20.5) | (19.3) | (19.8) | - | (17.2) | - | - |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 0.3 | 0.5 | 0.6 | 0.8 | 0.7 | 0.9 | 0.9 | 1.3 | 1.0 | 1.1 | 1.4 | 1.5 | 1.5 | 1.4 | 0.9 | 0.3 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | - | 0.0 | - | - |
| Interest Expense | 2.3 | 3.1 | 2.6 | 2.5 | 3.0 | 2.5 | 2.4 | 2.5 | 1.8 | 1.7 | 1.5 | 1.7 | 1.7 | 1.6 | 1.6 | 1.5 | 1.4 | 1.4 | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | 11.3 | 6.0 | 6.9 | (7.9) | 62.3 | 7.1 | (9.0) | (27.2) | (5.3) | 1.1 | (1.4) | 4.0 | (14.5) | 17.1 | (1.8) | 55.4 | 1.9 | ||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| 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 | 0.0 | 0.0 | - | 0.0 | - | 0.0 | - | - | - | - |
| Net Income From Continuing Ops | (17.6) | (24.8) | (17.5) | (37.7) | 39.1 | (20.9) | (39.2) | (56.7) | (31.9) | (25.1) | (26.0) | (22.7) | (37.0) | (3.7) | (25.3) | 36.9 | (19.8) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (17.6) | (24.8) | (17.5) | (37.7) | 39.1 | (20.9) | (39.2) | (56.7) | (31.9) | (25.1) | (26.0) | (22.7) | (37.0) | (3.7) | (25.3) | 36.9 | (19.8) | ||||||||
| Net Income Attributable To Parent | (17.6) | (24.8) | (17.5) | (37.7) | 39.1 | (20.9) | (39.2) | (56.7) | (31.9) | (25.1) | (26.0) | (22.7) | (37.0) | (3.7) | (25.3) | 36.9 | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (17.6) | (22.4) | (17.5) | (37.7) | 36.8 | (20.9) | (39.2) | (56.7) | (31.9) | (25.1) | (26.0) | (22.7) | (37.0) | (3.7) | (25.3) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.09) | - | (0.11) | (0.24) | 0.28 | - | (0.33) | (0.48) | (0.29) | - | (0.25) | (0.22) | (0.36) | - | (0.25) | 0.36 | (0.19) | - | (0.72) | (2.89) | (3.46) | - | (3.07) | - | - |
| EPS Diluted | (0.09) | - | (0.11) | (0.24) | 0.28 | - | (0.33) | (0.48) | (0.29) | - | (0.25) | (0.22) | (0.36) | - | (0.25) | 0.35 | (0.19) | - | |||||||
| Shares Basic | 197.8 | - | 158.3 | 155.4 | 131.5 | - | 119.4 | 119.2 | 108.2 | - | 103.4 | 103.4 | 103.3 | - | 103.0 | 103.0 | 103.0 | - | |||||||
| Shares Diluted | 197.8 | - | 158.3 | 155.4 | 131.8 | - | 119.4 | 119.2 | 108.2 | - | 103.4 | 103.4 | 103.3 | - | 103.0 | 103.9 | 103.0 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (27.6) | (29.4) | (23.1) | (28.4) | (21.9) | (26.9) | (28.9) | (28.2) | (25.3) | (24.9) | (23.3) | (25.2) | (21.0) | (19.2) | (22.0) | (17.0) | (20.2) | (20.1) | (19.0) | (17.7) | (18.2) | - | (15.6) | - | - |
| EBIT | (28.9) | (30.8) | (24.4) | (29.7) | (23.2) | (28.1) | (30.2) | (29.5) | (26.6) | (26.2) | (24.6) | (26.7) | (22.5) | (20.8) | (23.5) | (18.5) | (21.8) | (21.6) | (20.5) | ||||||
| - |
| Selling & Marketing | - | - | - | - | - | - | - |
| General & Administrative | - | 31.2 | 25.8 | 23.5 | 22.9 | 21.1 | 12.0 |
| Depreciation & Amortization | 5.4 | 5.3 | 5.1 | 5.7 | 6.2 | 6.2 | 6.3 |
| Amortization of Intangibles | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 115.9 | 110.2 | 114.4 | 100.0 | 86.1 | 82.5 | 66.1 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | 16.3 | 67.3 | (34.3) | (10.7) | 72.6 | 54.7 | (1.9) |
| Pre-Tax Income | - | (40.8) | - | - | - | - | - |
| (66.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (97.6) | (40.8) | (148.7) | (110.8) | (12.0) | (26.5) | (66.5) |
| Net Income Attributable To Parent | (97.6) | (40.8) | (148.7) | (110.8) | (12.0) | (26.5) | (66.5) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (95.2) | (40.8) | (148.7) | (110.8) | (12.0) | (26.5) | (66.5) |
| Shares Basic | 197.8 | 158.2 | 118.5 | 103.4 | 103.1 | 40.0 | 5.8 |
| Shares Diluted | 197.8 | 158.2 | 118.5 | 103.4 | 103.1 | 40.0 | 5.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 5.6 |
| 5.4 |
| 5.4 |
| 4.8 |
| - |
| 3.4 |
| - |
| - |
| 1.5 |
| 1.5 |
| 1.5 |
| 1.6 |
| 1.6 |
| - |
| 1.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| 22.0 |
| 21.8 |
| 20.8 |
| 20.0 |
| 19.9 |
| - |
| 18.1 |
| - |
| - |
| 1.2 |
| 1.2 |
| 0.5 |
| - |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 64.2 |
| (11.0) |
| 2.1 |
| (0.5) |
| - |
| (0.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 14.2 |
| (31.6) |
| 0.3 |
| (9.4) |
| (16.2) |
| (17.8) |
| (14.9) |
| (17.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 14.2 |
| (31.6) |
| 0.3 |
| (9.4) |
| (16.2) |
| (17.8) |
| (14.9) |
| (17.7) |
| (19.8) |
| 42.6 |
| (31.6) |
| (17.2) |
| (20.3) |
| (16.2) |
| (17.8) |
| (14.9) |
| (17.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.9 |
| (19.8) |
| 42.6 |
| (31.6) |
| (17.2) |
| (20.3) |
| (16.2) |
| (17.8) |
| (14.9) |
| (17.7) |
| (0.72) |
| (2.89) |
| (3.46) |
| - |
| (3.07) |
| - |
| - |
| 44.0 |
| 5.9 |
| 5.9 |
| - |
| 5.8 |
| - |
| - |
| 44.0 |
| 5.9 |
| 5.9 |
| - |
| 5.8 |
| - |
| - |
| (19.3) |
| (19.8) |
| - |
| (17.2) |
| - |
| - |