| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | - | - | - | - | - | - | - | 0.2 |
| Cost of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||
| Research & Development | 32.3 | 30.8 | 45.0 | 133.1 | 118.9 | 120.7 | 49.7 | 16.2 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (47.6) | (46.2) | (51.7) | (199.9) | (171.2) | (169.8) | (71.3) | (26.7) |
| Non-Operating | ||||||||
| Interest Income | - | - | 5.5 | 5.7 | 1.9 | 1.3 | 1.3 | 2.1 |
| Interest Expense | 0.0 | 1.4 | 2.7 | - | - | - | ||
| Tax & Net | ||||||||
| Income Tax Expense | - | 0.0 | 0.0 | (0.1) | (0.3) | 1.0 | - | - |
| Net Income From Continuing Ops | (44.1) | (43.4) | (69.2) | (190.4) | (168.7) | |||
| Per Share | ||||||||
| EPS Basic | (1.86) | (2.85) | (51.77) | (42.09) | (2.20) | (2.74) | - | - |
| EPS Diluted | (1.86) | (2.85) | (51.77) | (42.09) | (2.20) | (2.74) | ||
| Supplementary Data | ||||||||
| EBITDA | - | (46.1) | - | (199.5) | (170.5) | (169.6) | (71.2) | (26.7) |
| EBIT | (47.6) | (46.2) | (51.7) | (199.9) | (171.2) | (169.8) | ||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 7.6 | 7.2 | 9.1 | 8.4 | 6.0 | 3.9 | 36.0 | 3.2 | 2.0 | 33.4 | 34.2 | 34.8 | 30.7 | 28.4 | 30.0 | 31.4 | 29.1 | 41.6 | 33.1 | 25.7 | 20.4 | 16.8 | 17.2 | 8.9 | 6.8 | - | 5.7 | 2.8 | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | 4.3 | 3.6 | 3.6 | 3.8 | 4.3 | 3.3 | 1.8 | 1.0 | 0.6 | 10.5 | 12.8 | 12.5 | 12.5 | 12.0 | 12.9 | 13.2 | 14.1 | ||||||||||||
| Depreciation & Amortization | 0.0 | - | - | - | - | - | - | - | - | - | - | - | 0.1 | - | - | - | 0.5 | ||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 11.8 | 10.8 | 12.7 | 12.3 | 10.4 | 7.1 | 37.8 | 4.2 | 2.6 | 62.4 | 47.0 | 47.3 | 43.2 | 40.4 | 43.0 | 44.6 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (11.8) | (10.8) | (12.7) | (12.3) | (10.4) | (7.1) | (37.8) | (4.2) | (2.6) | (62.4) | (47.0) | (47.3) | (43.2) | (40.4) | (43.0) | (44.6) | (43.2) | (55.8) | (45.5) | (37.7) | (30.9) | (25.4) | (23.9) | (12.2) | (9.8) | - | (8.5) | (5.9) | - |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | 1.4 | 1.5 | 1.4 | 1.2 | 1.4 | 1.5 | 1.5 | 1.3 | 0.9 | 0.7 | 0.2 | 0.1 | 0.1 | 0.3 | 0.5 | 0.5 | 0.6 | 0.1 | 0.2 | 0.5 | - | 0.8 | 0.5 | - |
| Interest Expense | 0.0 | 0.0 | 0.0 | 0.0 | 1.4 | 1.3 | 0.8 | 0.5 | 0.1 | - | - | - | - | - | - | - | - | - | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | 1.0 | 0.8 | 0.8 | 0.9 | 0.2 | (14.9) | (0.2) | (1.5) | (0.8) | 1.2 | 1.2 | 0.5 | 0.7 | 1.0 | 0.2 | (0.0) | (0.8) | ||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | (44.3) | (45.3) | - | (38.6) | (42.1) | (44.5) | (43.9) | ||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | 0.0 | 0.0 | (0.4) | 0.0 | 0.2 | 0.0 | - | - | - | 0.0 | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (10.9) | (10.0) | (11.9) | (11.4) | (10.2) | (22.0) | (38.1) | (5.7) | (3.4) | (59.7) | (44.3) | (45.3) | (41.2) | (38.1) | (42.1) | (44.6) | (43.9) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (10.9) | (10.0) | (11.9) | (11.4) | (10.2) | (22.0) | (38.1) | (5.7) | (3.4) | (59.7) | (44.3) | (45.3) | (41.2) | (38.1) | (42.1) | (44.6) | (43.9) | ||||||||||||
| Net Income Attributable To Parent | (10.9) | (10.0) | (11.9) | (11.4) | (10.2) | (22.0) | (38.1) | (5.7) | (3.4) | (59.7) | (44.3) | (45.3) | (41.2) | (38.1) | (42.1) | (44.6) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (10.9) | (10.0) | (11.9) | (11.4) | (10.2) | (22.0) | (38.1) | (5.7) | (3.4) | (59.7) | (44.3) | (45.3) | (41.2) | (38.1) | (42.1) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (0.46) | - | (0.64) | (0.61) | (2.52) | - | (28.16) | (4.26) | (2.60) | - | (0.39) | (0.48) | (0.44) | - | (0.50) | (0.69) | (0.69) | - | (0.72) | (0.60) | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.46) | - | (0.64) | (0.61) | (2.52) | - | (28.16) | (4.26) | (2.60) | - | (0.39) | (0.48) | (0.44) | - | (0.50) | (0.69) | (0.69) | - | |||||||||||
| Shares Basic | 23.7 | - | 18.7 | 18.7 | 4.1 | - | 1.4 | 1.3 | 1.3 | - | 113.9 | 94.6 | 93.3 | - | 84.9 | 64.5 | 64.0 | - | |||||||||||
| Shares Diluted | 23.7 | - | 18.7 | 18.7 | 4.1 | - | 1.4 | 1.3 | 1.3 | - | 113.9 | 94.6 | 93.3 | - | 84.9 | 64.5 | 64.0 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (11.8) | - | - | - | - | - | - | - | - | - | - | - | (43.1) | - | - | - | (42.7) | - | - | - | (30.8) | - | - | - | (9.8) | - | - | - | - |
| EBIT | (11.8) | (10.8) | (12.7) | (12.3) | (10.4) | (7.1) | (37.8) | (4.2) | (2.6) | (62.4) | (47.0) | (47.3) | (43.2) | (40.4) | (43.0) | (44.6) | (43.2) | (55.8) | (45.5) | ||||||||||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 15.3 | 15.4 | 6.7 | 48.3 | 52.3 | 49.1 | 21.6 | 10.6 |
| Depreciation & Amortization | - | 0.0 | - | 0.4 | 0.7 | 0.2 | 0.1 | 0.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 47.6 | 46.2 | 51.7 | 199.9 | 171.2 | 169.8 | 71.3 | 26.9 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 3.5 | 2.7 | (17.4) | 3.6 | 0.4 | (2.5) | 0.2 | 0.8 |
| Pre-Tax Income | - | (43.4) | (69.2) | (190.5) | (169.0) | (171.0) | (69.8) | (23.8) |
| (172.0) |
| (69.8) |
| (23.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (44.1) | (43.4) | (69.2) | (190.4) | (168.7) | (172.0) | (69.8) | (23.8) |
| Net Income Attributable To Parent | (44.1) | (43.4) | (69.2) | (190.4) | (168.7) | (172.0) | (69.8) | (23.8) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (44.1) | (43.4) | (69.2) | (190.4) | (168.7) | (172.0) | (69.8) | (23.8) |
| - |
| - |
| Shares Basic | 23.7 | 15.3 | 1.3 | 4.5 | 76.7 | 62.8 | - | - |
| Shares Diluted | 23.7 | 15.3 | 1.3 | 4.5 | 76.7 | 62.8 | - | - |
| (71.3) |
| (26.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 14.2 |
| 12.4 |
| 12.0 |
| 10.5 |
| 8.7 |
| 6.7 |
| 3.3 |
| 3.0 |
| - |
| 2.8 |
| 3.2 |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 43.2 |
| 55.8 |
| 45.5 |
| 37.7 |
| 30.9 |
| 25.4 |
| 23.9 |
| 12.2 |
| 9.8 |
| - |
| 8.5 |
| 5.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.2) |
| (0.3) |
| (0.4) |
| (0.6) |
| (0.4) |
| 0.2 |
| 0.4 |
| 0.0 |
| - |
| 0.4 |
| 0.1 |
| - |
| - |
| (45.5) |
| (37.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (57.9) |
| (45.5) |
| (37.6) |
| (30.9) |
| (25.2) |
| (23.6) |
| (11.6) |
| (9.3) |
| (8.7) |
| (7.3) |
| (5.3) |
| (2.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (57.9) |
| (45.5) |
| (37.6) |
| (30.9) |
| (25.2) |
| (23.6) |
| (11.6) |
| (9.3) |
| (8.7) |
| (7.3) |
| (5.3) |
| (2.5) |
| (43.9) |
| (57.9) |
| (45.5) |
| (37.6) |
| (30.9) |
| (25.2) |
| (23.6) |
| (11.6) |
| (9.3) |
| (8.7) |
| (7.3) |
| (5.3) |
| (2.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (44.6) |
| (43.9) |
| (57.9) |
| (45.5) |
| (37.6) |
| (30.9) |
| (25.2) |
| (23.6) |
| (11.6) |
| (9.3) |
| (8.7) |
| (7.3) |
| (5.3) |
| (2.5) |
| (0.72) |
| (0.60) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 63.0 |
| 62.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 63.0 |
| 62.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (37.7) |
| (30.9) |
| (25.4) |
| (23.9) |
| (12.2) |
| (9.8) |
| - |
| (8.5) |
| (5.9) |
| - |