| (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 | Q4 FY 19 | Q3 FY 19 | Q2 FY 19 | Q1 FY 19 | Q4 FY 18 | Q3 FY 18 | Q2 FY 18 | Q1 FY 18 | Q4 FY 17 | Q3 FY 17 | Q2 FY 17 | Q1 FY 17 | Q4 FY 16 | Q3 FY 16 | Q2 FY 16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 0.0 | 1.1 | 0.3 | 0.5 | 2.1 | 1.5 | 0.1 | 0.1 | 0.2 | 0.3 | 0.4 | 0.5 | 0.3 | 0.3 | 0.1 | 0.2 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||
| Revenues | 1.9 | 4.1 | 1.9 | 1.5 | 1.0 | 2.2 | 1.2 | - | - | - | - | - | - |
| Cost of Revenue | 1.0 | 1.8 | 1.1 | 1.0 | 0.9 | 0.7 | 1.9 | - | - | - | - | - | - |
| Gross Profit | 1.0 | 2.3 | 0.8 | 0.5 | 0.1 | 1.5 | (0.6) | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||
| Research & Development | 17.9 | 15.9 | 9.8 | 9.3 | 7.3 | 5.0 | 9.8 | 6.8 | 6.5 | 7.2 | 5.7 | 4.5 | 4.0 |
| Selling General & Administrative | |||||||||||||
| Operating Income | |||||||||||||
| Operating Income | (48.7) | (51.1) | (61.0) | (25.1) | (18.0) | (53.7) | (29.7) | (22.2) | (15.2) | (18.8) | (11.1) | (8.7) | (5.0) |
| Non-Operating | |||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | ||||||||||||
| Tax & Net | |||||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | - | (9.3) | (1.3) | - | - | - | - | - | - |
| Net Income From Continuing Ops | |||||||||||||
| Per Share | |||||||||||||
| EPS Basic | (1.39) | (1.65) | (4.66) | (3.75) | (13.25) | (0.72) | - | - | - | - | - | - | - |
| EPS Diluted | (1.39) | ||||||||||||
| Supplementary Data | |||||||||||||
| EBITDA | (46.4) | (48.9) | (59.5) | (23.5) | (16.5) | (52.9) | (29.4) | (21.9) | (14.8) | (18.5) | (11.0) | (8.7) | (4.9) |
| EBIT | (48.7) | ||||||||||||
| 0.4 |
| (1.9) |
| 1.0 |
| 2.0 |
| 1.1 |
| 0.5 |
| 0.6 |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | 0.0 | 0.6 | 0.1 | 0.2 | 0.8 | 0.9 | 0.0 | 0.0 | 0.1 | 0.4 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.1 | (2.3) | 0.9 | 1.4 | 0.7 | 0.7 | 0.6 | 0.4 | 0.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 0.0 | 0.5 | 0.1 | 0.4 | 1.3 | 0.6 | 0.1 | 0.1 | 0.1 | (0.1) | 0.3 | 0.3 | 0.0 | (0.0) | (0.2) | 0.1 | 0.3 | 0.3 | 0.1 | 0.7 | 0.4 | (0.2) | (0.0) | (0.2) | (0.1) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 5.0 | 5.8 | 3.9 | 3.3 | 2.9 | 2.3 | 2.8 | 2.5 | 2.3 | 2.5 | 2.2 | 2.4 | 2.1 | 1.4 | 1.5 | 2.4 | 2.0 | (4.0) | 3.1 | 2.5 | 3.4 | 1.8 | 2.6 | 3.2 | 2.2 | 2.3 | 1.6 | 1.5 | 1.3 | 1.2 | 1.5 | 2.3 | 1.5 | 1.5 | 1.8 | 2.0 | 1.8 | 1.4 | 1.4 | 1.2 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | 2.4 | 2.3 | 1.4 | 1.5 | 1.2 | 1.2 | 1.0 | 0.9 | 0.8 | 0.6 | 0.7 | 0.8 | 0.7 | 0.3 | 0.4 | 0.1 | 0.3 | |||||||||||||||||||||||
| General & Administrative | 3.0 | 2.3 | 2.5 | 2.6 | 3.1 | 2.6 | 2.6 | 2.4 | 2.7 | 1.8 | 2.5 | 3.5 | 3.4 | 5.1 | 5.7 | 5.4 | 5.6 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 | 0.4 | ||||||||||||||||||||||||
| Amortization of Intangibles | 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 | - | 1.0 | - | 0.9 | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 4.4 | 23.9 | 11.2 | 10.2 | 8.1 | 34.2 | 13.6 | 4.7 | 9.3 | 16.1 | 6.8 | 8.6 | (5.8) | 11.6 | 1.4 | 1.7 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (4.4) | (23.4) | (11.0) | (9.8) | (6.8) | (33.6) | (13.5) | (4.6) | (9.3) | (16.2) | (6.5) | (8.3) | 5.9 | (11.6) | (1.7) | (1.6) | (3.0) | (15.2) | (13.6) | (13.6) | (11.4) | (6.3) | (6.2) | (8.8) | (8.4) | (7.5) | (5.3) | (5.5) | (4.0) | (4.0) | (3.0) | (4.2) | (3.9) | (3.9) | (6.8) | (3.6) | (4.5) | (3.1) | (2.6) | (2.5) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 0.1 | 0.5 | 0.2 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.2 | 0.0 | (0.0) | 0.1 | (0.4) | (0.1) | 0.3 | (0.4) | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | (33.5) | (13.5) | (4.5) | (9.1) | (16.0) | (6.5) | (8.3) | 6.0 | (12.0) | (1.8) | (1.4) | (3.4) | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | (1.8) | (7.6) | - | - | - | (1.1) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (4.3) | (23.0) | (10.9) | (9.7) | (6.7) | (33.5) | (13.5) | (4.5) | (9.1) | (16.0) | (6.5) | (8.3) | 6.0 | (12.0) | (1.8) | (1.4) | (3.4) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | (2.9) | (33.0) | (7.5) | (6.9) | (6.9) | |||||||||||||||||||||||
| Net Income | (4.3) | (23.0) | (10.9) | (9.7) | (6.7) | (33.5) | (13.5) | (4.5) | (9.1) | (16.0) | (6.5) | (8.3) | 3.0 | (45.0) | (9.3) | (8.3) | (10.3) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (4.3) | (23.0) | (10.9) | (9.7) | (6.7) | (33.5) | (13.5) | (4.5) | (9.1) | (16.0) | (6.5) | (8.3) | 3.0 | (45.0) | (9.3) | (8.3) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (4.3) | (23.0) | (10.9) | (9.7) | (6.7) | (33.5) | (13.5) | (4.6) | (9.3) | (13.4) | (6.7) | (8.6) | 0.0 | (45.1) | (9.6) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.12) | - | (0.34) | (0.30) | (0.26) | - | (0.98) | (0.36) | (1.13) | - | (0.81) | (1.07) | 0.40 | - | (1.62) | (1.48) | (0.11) | - | (0.15) | (0.12) | (0.05) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.12) | - | (0.34) | (0.30) | (0.26) | - | (0.98) | (0.36) | (1.13) | - | (0.81) | (1.07) | 0.40 | - | (1.62) | (1.48) | (0.11) | - | ||||||||||||||||||||||
| Shares Basic | 34.5 | - | 32.0 | 32.0 | 25.7 | - | 13.7 | 12.9 | 8.3 | - | 8.3 | 8.1 | 6.0 | - | 0.0 | 0.0 | 92.2 | - | ||||||||||||||||||||||
| Shares Diluted | 34.5 | - | 32.0 | 32.0 | 25.7 | - | 13.7 | 12.9 | 8.3 | - | 8.3 | 8.1 | 6.0 | - | 0.0 | 0.0 | 92.2 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (3.8) | (22.9) | (10.5) | (9.3) | (6.3) | (33.1) | (13.2) | (4.3) | (8.9) | (15.8) | (6.1) | (7.9) | 6.3 | (11.2) | (1.3) | (1.2) | (2.7) | (15.1) | (13.3) | (13.4) | (11.1) | (6.2) | (6.2) | (8.7) | (8.4) | (7.5) | (5.2) | (5.4) | (3.9) | (3.9) | (2.9) | (4.1) | (3.8) | (3.8) | (6.7) | (3.5) | (4.5) | - | (2.5) | - |
| EBIT | (4.4) | (23.4) | (11.0) | (9.8) | (6.8) | (33.6) | (13.5) | (4.6) | (9.3) | (16.2) | (6.5) | (8.3) | 5.9 | (11.6) | (1.7) | (1.6) | (3.0) | (15.2) | (13.6) | |||||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 7.5 | 6.3 | 3.9 | 2.8 | 1.1 | 0.6 | 6.5 | 2.2 | 1.7 | 2.4 | 1.2 | 0.3 | - |
| General & Administrative | 10.5 | 10.6 | 10.2 | 11.2 | 21.9 | 22.3 | 16.8 | 13.3 | 7.0 | 9.2 | 4.3 | 3.9 | 1.0 |
| Depreciation & Amortization | 2.3 | 2.2 | 1.6 | 1.7 | 1.5 | 0.8 | 0.3 | 0.3 | 0.4 | 0.3 | 0.1 | 0.0 | 0.0 |
| Amortization of Intangibles | 0.0 | 0.0 | 0.1 | 0.1 | 3.7 | 3.4 | 0.1 | - | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 49.7 | 53.4 | 61.8 | 25.5 | 18.0 | 55.1 | 29.1 | 22.2 | 15.2 | 18.8 | 11.1 | 8.7 | 5.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| Income From Equity Investments | - | - | - | - | - | (0.3) | (1.5) | (0.3) | - | - | - | - | - |
| Other Non-Operating Income | 0.9 | 0.9 | 0.4 | 0.3 | (0.6) | 0.9 | (1.5) | (0.2) | (0.6) | (0.5) | (0.0) | (0.0) | (0.0) |
| Pre-Tax Income | - | - | (60.7) | (24.9) | (18.6) | (52.9) | (31.2) | (22.4) | - | - | - | - | - |
| (47.8) |
| (50.2) |
| (60.7) |
| (24.9) |
| (18.6) |
| (43.6) |
| (29.9) |
| (22.4) |
| (15.8) |
| (19.4) |
| (11.2) |
| (8.7) |
| (5.0) |
| Net Income From Discontinued Ops | - | - | - | (2.9) | (54.3) | (20.5) | - | - | - | - | - | - | - |
| Net Income | (47.8) | (50.2) | (60.7) | (27.8) | (72.9) | (64.1) | (29.9) | (22.4) | (15.8) | (19.4) | (11.2) | (8.7) | (5.0) |
| Net Income Attributable To Parent | (47.8) | (50.2) | (60.7) | (27.8) | (72.9) | (64.1) | (29.9) | (22.4) | (15.8) | (19.4) | (11.2) | (8.7) | (5.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (47.8) | (50.2) | (60.9) | (28.7) | (73.4) | (64.1) | (29.9) | (22.4) | (15.8) | (19.4) | (11.2) | (8.7) | (5.0) |
| (1.65) |
| (4.66) |
| (3.75) |
| (13.25) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 34.5 | 30.5 | 13.1 | 7.7 | 5.5 | 0.1 | - | - | - | - | - | - | - |
| Shares Diluted | 34.5 | 30.5 | 13.1 | 7.7 | 5.5 | - | - | - | - | - | - | - | - |
| (51.1) |
| (61.0) |
| (25.1) |
| (18.0) |
| (53.7) |
| (29.7) |
| (22.2) |
| (15.2) |
| (18.8) |
| (11.1) |
| (8.7) |
| (5.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (7.3) |
| 2.9 |
| 2.7 |
| 2.3 |
| 1.9 |
| 1.6 |
| 1.6 |
| 1.5 |
| 1.0 |
| 0.6 |
| 0.3 |
| 0.2 |
| 0.3 |
| 0.2 |
| 0.6 |
| 0.7 |
| 0.6 |
| 0.7 |
| 0.5 |
| 0.7 |
| 0.5 |
| 0.2 |
| 0.3 |
| 4.1 |
| 5.5 |
| 7.9 |
| 4.8 |
| 3.4 |
| 5.0 |
| 3.8 |
| 4.6 |
| 4.2 |
| 3.0 |
| 3.6 |
| 2.4 |
| 2.6 |
| 1.3 |
| 1.3 |
| 1.8 |
| 1.8 |
| 4.3 |
| 1.1 |
| 2.0 |
| 1.1 |
| 1.1 |
| 1.1 |
| 0.3 |
| 0.1 |
| 0.3 |
| 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 |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| - |
| 0.1 |
| - |
| 0.1 |
| - |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.3 |
| 17.8 |
| 12.7 |
| 13.2 |
| 11.4 |
| 5.9 |
| 6.2 |
| 8.5 |
| 8.4 |
| 7.5 |
| 5.3 |
| 5.5 |
| 4.0 |
| 4.0 |
| 3.0 |
| 4.2 |
| 3.9 |
| 3.9 |
| 6.8 |
| 3.6 |
| 4.5 |
| 3.1 |
| 2.6 |
| 2.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.3) |
| (0.4) |
| (0.5) |
| (0.3) |
| (0.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| (0.2) |
| 1.3 |
| (0.1) |
| (0.2) |
| (0.5) |
| (0.3) |
| (0.4) |
| (0.4) |
| 0.0 |
| 0.1 |
| 0.1 |
| (0.5) |
| 0.1 |
| (0.3) |
| 0.1 |
| (0.1) |
| (0.1) |
| (0.2) |
| (0.2) |
| (0.0) |
| (0.0) |
| (0.0) |
| (15.3) |
| (13.8) |
| (12.3) |
| (11.5) |
| (6.5) |
| (6.8) |
| (9.1) |
| (8.8) |
| (8.0) |
| (5.2) |
| (5.4) |
| (3.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (15.4) |
| (13.8) |
| (10.5) |
| (3.9) |
| (6.3) |
| (6.8) |
| (9.1) |
| (7.7) |
| (8.0) |
| (5.2) |
| (5.4) |
| (3.9) |
| (4.5) |
| (3.0) |
| (4.5) |
| (3.8) |
| (4.0) |
| (6.9) |
| (3.8) |
| (4.7) |
| (3.1) |
| (2.6) |
| (2.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (35.9) |
| (13.8) |
| (10.5) |
| (3.9) |
| (6.3) |
| (6.8) |
| (9.1) |
| (7.7) |
| (8.0) |
| (5.2) |
| (5.4) |
| (3.9) |
| (4.5) |
| (3.0) |
| (4.5) |
| (3.8) |
| (4.0) |
| (6.9) |
| (3.8) |
| (4.7) |
| (3.1) |
| (2.6) |
| (2.5) |
| (10.3) |
| (35.9) |
| (13.8) |
| (10.5) |
| (3.9) |
| (6.3) |
| (6.8) |
| (9.1) |
| (7.7) |
| (8.0) |
| (5.2) |
| (5.4) |
| (3.9) |
| (4.5) |
| (3.0) |
| (4.5) |
| (3.8) |
| (4.0) |
| (6.9) |
| (3.8) |
| (4.7) |
| (3.1) |
| (2.6) |
| (2.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (8.4) |
| (10.3) |
| (35.9) |
| (13.8) |
| (10.5) |
| (3.9) |
| (6.3) |
| (6.8) |
| (9.1) |
| (7.7) |
| (8.0) |
| (5.2) |
| (5.4) |
| (3.9) |
| (4.5) |
| (3.0) |
| (4.5) |
| (3.8) |
| (4.0) |
| (6.9) |
| (3.8) |
| (4.7) |
| (3.1) |
| (2.6) |
| (2.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 91.5 |
| 89.8 |
| 82.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (13.6) |
| (11.4) |
| (6.3) |
| (6.2) |
| (8.8) |
| (8.4) |
| (7.5) |
| (5.3) |
| (5.5) |
| (4.0) |
| (4.0) |
| (3.0) |
| (4.2) |
| (3.9) |
| (3.9) |
| (6.8) |
| (3.6) |
| (4.5) |
| (3.1) |
| (2.6) |
| (2.5) |