| (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 | 0.0 | 0.4 | 14.1 | 18.2 | 211.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 32.7 | 243.9 | 0.0 | 0.2 | 0.0 | 20.1 | 0.0 | 10.0 |
| Cost of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||
| Research & Development | 97.0 | 129.6 | 173.6 | 135.3 | 87.3 | 55.1 | 33.9 | 17.4 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (110.3) | 67.6 | (210.8) | (169.9) | (114.8) | (56.4) | (46.7) | (10.6) |
| Non-Operating | ||||||||
| Interest Income | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | 0.0 | 0.0 | 0.0 | 0.0 | ||
| Tax & Net | ||||||||
| Income Tax Expense | (5.2) | 4.9 | 0.3 | 0.0 | 0.0 | 2.0 | (0.2) | 0.0 |
| Net Income From Continuing Ops | (85.1) | 87.0 | (187.4) | (153.0) | (104.7) | |||
| Per Share | ||||||||
| EPS Basic | (4.34) | 2.34 | (5.00) | (5.20) | (4.15) | (2.52) | (2.93) | - |
| EPS Diluted | (4.34) | 2.30 | (5.00) | (5.20) | (4.15) | (2.52) | ||
| Supplementary Data | ||||||||
| EBITDA | - | 69.1 | (209.6) | (169.1) | (114.1) | (56.0) | (46.4) | (10.4) |
| EBIT | (110.3) | 67.6 | (210.8) | (169.9) | (114.8) | (56.4) | ||
| - |
| - |
| 0.0 |
| 0.1 |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 2.5 |
| 2.5 |
| 2.5 |
| 2.5 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 16.1 | 17.9 | 19.5 | 43.5 | 48.7 | 45.6 | 49.2 | 40.5 | 38.3 | 37.5 | 34.1 | 32.5 | 31.1 | 24.9 | 21.0 | 23.3 | 18.1 | 18.8 | 14.8 | 10.0 | 11.5 | 9.7 | 8.4 | 7.3 | 8.5 | 4.2 | 3.9 | 4.5 | 4.9 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | 10.1 | 11.7 | 10.1 | 14.5 | 10.5 | 10.7 | 9.8 | 10.0 | 10.3 | 9.1 | 9.1 | 8.8 | 7.8 | 7.1 | 6.9 | 7.4 | 6.0 | ||||||||||||
| Depreciation & Amortization | 0.4 | - | - | - | 0.3 | - | - | - | 0.3 | - | - | - | 0.2 | - | - | - | |||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 26.2 | 29.7 | 29.6 | 58.0 | 59.2 | 56.3 | 59.0 | 50.5 | 48.6 | 46.6 | 43.3 | 41.3 | 38.9 | 32.0 | 28.0 | 30.7 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (25.9) | (29.3) | (15.4) | (39.8) | 152.0 | (53.3) | (58.7) | (50.4) | (48.5) | (46.5) | (43.3) | (41.3) | (38.9) | (32.0) | (28.0) | (30.7) | (24.1) | (4.9) | (20.2) | (15.5) | (15.8) | (13.3) | (11.9) | (10.9) | (10.5) | (2.7) | (2.3) | (2.7) | (2.9) |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | 2.2 | 4.3 | 6.7 | 6.9 | 6.5 | 7.5 | 5.7 | 5.2 | 5.4 | 6.2 | 3.8 | 3.8 | 3.1 | 2.2 | 4.5 | 3.5 | (0.1) | ||||||||||||
| Pre-Tax Income | (23.7) | (25.0) | (8.7) | (32.9) | 158.5 | (45.7) | (53.0) | (45.3) | (43.1) | - | - | - | - | (29.7) | (23.5) | (27.3) | |||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | (1.5) | (1.4) | (2.2) | 10.0 | 0.3 | 0.0 | 0.0 | 0.0 | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 2.0 | (0.0) | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | (0.2) | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (23.7) | (23.5) | (7.3) | (30.7) | 148.5 | (46.0) | (53.0) | (45.3) | (43.1) | (40.2) | (39.4) | (37.5) | (35.8) | (29.7) | (23.5) | (27.3) | (24.2) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (23.7) | (23.5) | (7.3) | (30.7) | 148.5 | (46.0) | (53.0) | (45.3) | (43.1) | (40.2) | (39.4) | (37.5) | (35.8) | (29.7) | (23.5) | (27.3) | (24.2) | ||||||||||||
| Net Income Attributable To Parent | (23.7) | (23.5) | (7.3) | (30.7) | 148.5 | (46.0) | (53.0) | (45.3) | (43.1) | (40.2) | (39.4) | (37.5) | (35.8) | (29.7) | (23.5) | (27.3) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (23.7) | (23.5) | (7.3) | (30.7) | 148.5 | (46.0) | (53.0) | (45.3) | (43.1) | (40.2) | (39.4) | (37.5) | (35.8) | (29.7) | (23.5) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (1.21) | - | (0.18) | (0.76) | 3.66 | - | (1.41) | (1.25) | (1.21) | - | (1.33) | (1.27) | (1.26) | - | (0.92) | (1.13) | (1.01) | - | (0.87) | (0.67) | (0.68) | - | (0.60) | (0.62) | - | - | - | - | - |
| EPS Diluted | (1.21) | - | (0.18) | (0.76) | 3.62 | - | (1.41) | (1.25) | (1.21) | - | (1.33) | (1.27) | (1.26) | - | (0.92) | (1.13) | (1.01) | - | |||||||||||
| Shares Basic | 19.6 | - | 40.6 | 40.6 | 40.6 | - | 37.6 | 36.1 | 35.7 | - | 29.7 | 29.6 | 28.4 | - | 25.5 | 24.1 | 24.0 | - | |||||||||||
| Shares Diluted | 19.6 | - | 40.6 | 40.6 | 41.0 | - | 37.6 | 36.1 | 35.7 | - | 29.7 | 29.6 | 28.4 | - | 25.5 | 24.1 | 24.0 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (25.5) | - | - | - | 152.4 | - | - | - | (48.2) | - | - | - | (38.7) | - | - | - | (24.0) | - | - | - | (15.7) | - | - | - | (10.4) | - | - | - | (2.8) |
| EBIT | (25.9) | (29.3) | (15.4) | (39.8) | 152.0 | (53.3) | (58.7) | (50.4) | (48.5) | (46.5) | (43.3) | (41.3) | (38.9) | (32.0) | (28.0) | (30.7) | (24.1) | (4.9) | (20.2) | ||||||||||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 46.5 | 46.8 | 40.8 | 34.8 | 27.5 | 21.3 | 12.8 | 3.2 |
| Depreciation & Amortization | - | 1.5 | 1.2 | 0.8 | 0.7 | 0.4 | 0.3 | 0.2 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 143.5 | 176.5 | 214.4 | 170.1 | 114.8 | 76.5 | 46.7 | 20.6 |
| 0.0 |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 20.0 | 24.3 | 23.8 | 16.9 | 10.1 | (0.4) | 1.1 | (1.8) |
| Pre-Tax Income | (90.3) | 91.9 | (187.1) | (153.0) | (104.7) | (56.7) | (45.5) | (12.3) |
| (58.7) |
| (45.4) |
| (12.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (85.1) | 87.0 | (187.4) | (153.0) | (104.7) | (58.7) | (45.4) | (12.3) |
| Net Income Attributable To Parent | (85.1) | 87.0 | (187.4) | (153.0) | (104.7) | (58.7) | (45.4) | (12.3) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | 0.0 | 1.8 |
| Net Income To Common Shareholders | (85.1) | 87.0 | (187.4) | (153.0) | (104.7) | (58.7) | (45.4) | (14.1) |
| (2.93) |
| - |
| Shares Basic | 19.6 | 37.2 | 37.4 | 29.4 | 25.2 | 23.3 | 15.5 | - |
| Shares Diluted | 19.6 | 37.9 | 37.4 | 29.4 | 25.2 | 23.3 | 15.5 | - |
| (46.7) |
| (10.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 6.0 |
| 5.4 |
| 5.7 |
| 4.3 |
| 3.6 |
| 3.6 |
| 3.7 |
| 2.0 |
| 1.1 |
| 1.0 |
| 0.7 |
| 0.5 |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 24.1 |
| 24.9 |
| 20.2 |
| 15.6 |
| 15.8 |
| 13.3 |
| 11.9 |
| 10.9 |
| 10.5 |
| 5.2 |
| 4.8 |
| 5.2 |
| 5.4 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| (0.1) |
| (0.1) |
| (0.1) |
| 2.6 |
| (0.1) |
| 0.2 |
| (1.6) |
| (0.0) |
| (1.2) |
| (0.2) |
| (0.3) |
| (24.2) |
| (4.9) |
| (20.3) |
| (15.6) |
| (15.8) |
| (10.7) |
| (12.0) |
| (10.8) |
| (12.1) |
| (2.8) |
| (3.5) |
| (2.9) |
| (3.2) |
| (6.9) |
| (20.3) |
| (15.6) |
| (15.9) |
| (10.7) |
| (12.0) |
| (10.8) |
| (11.9) |
| (2.8) |
| (3.5) |
| (2.9) |
| (3.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (6.9) |
| (20.3) |
| (15.6) |
| (15.9) |
| (10.7) |
| (12.0) |
| (10.8) |
| (11.9) |
| (2.8) |
| (3.5) |
| (2.9) |
| (3.2) |
| (24.2) |
| (6.9) |
| (20.3) |
| (15.6) |
| (15.9) |
| (10.7) |
| (12.0) |
| (10.8) |
| (11.9) |
| (2.8) |
| (3.5) |
| (2.9) |
| (3.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| (1.0) |
| 0.0 |
| 0.2 |
| 0.8 |
| - |
| - |
| - |
| - |
| (27.3) |
| (24.2) |
| (6.9) |
| (20.3) |
| (15.6) |
| (15.9) |
| (9.7) |
| (12.0) |
| (11.0) |
| (12.7) |
| (3.2) |
| (4.0) |
| (3.3) |
| (3.6) |
| (0.87) |
| (0.67) |
| (0.68) |
| - |
| (0.60) |
| (0.62) |
| - |
| - |
| - |
| - |
| - |
| 23.4 |
| 23.3 |
| 23.2 |
| - |
| 20.2 |
| 17.6 |
| - |
| - |
| - |
| - |
| - |
| 23.4 |
| 23.3 |
| 23.2 |
| - |
| 20.2 |
| 17.6 |
| - |
| - |
| - |
| - |
| - |
| (15.5) |
| (15.8) |
| (13.3) |
| (11.9) |
| (10.9) |
| (10.5) |
| (2.7) |
| (2.3) |
| (2.7) |
| (2.9) |