| (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 | 4.8 | 2.9 | 6.9 | 4.0 | 2.4 | 3.4 | 3.2 | 2.4 | 1.7 | 2.3 | 3.0 | 2.7 | 1.8 | 1.8 | 1.4 | 0.6 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | 18.6 | 16.2 | 10.7 | 9.8 | 4.0 | 2.4 | 0.6 | 0.8 | 1.3 | 0.2 | 0.0 |
| Cost of Revenue | 16.6 | 15.4 | 5.3 | 6.2 | 1.6 | 1.1 | 0.2 | 0.2 | 0.3 | 0.2 | 0.0 |
| Gross Profit | 2.0 | 0.8 | 5.5 | 3.7 | 2.4 | 1.3 | 0.4 | 0.6 | 0.9 | 0.1 | (0.0) |
| Operating Expenses | |||||||||||
| Research & Development | 10.1 | 10.8 | 4.7 | 7.1 | 4.2 | 1.7 | 0.3 | 0.5 | 0.5 | 0.4 | 0.0 |
| Selling General & Administrative | 27.0 | 27.7 | |||||||||
| Operating Income | |||||||||||
| Operating Income | (40.9) | (43.0) | (15.2) | (22.4) | (18.3) | (11.5) | (2.3) | (2.0) | (2.1) | (2.4) | (0.8) |
| Non-Operating | |||||||||||
| Interest Income | 0.4 | 0.6 | 0.0 | - | - | - | - | - | - | 0.0 | 0.0 |
| Interest Expense | 0.2 | 0.2 | 0.2 | ||||||||
| Tax & Net | |||||||||||
| Income Tax Expense | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (71.2) | (61.9) | |||||||||
| Per Share | |||||||||||
| EPS Basic | (1.54) | (1.56) | (0.75) | (0.20) | (0.18) | (0.15) | (0.03) | - | - | - | - |
| EPS Diluted | (1.54) | (1.56) | (0.75) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | - | (41.6) | (13.4) | (20.2) | (18.0) | (11.4) | (2.3) | (2.0) | (2.1) | (2.4) | (0.8) |
| EBIT | (40.9) | (43.0) | (15.2) | ||||||||
| 0.2 |
| 0.8 |
| 0.6 |
| 0.6 |
| 0.4 |
| 0.2 |
| 0.1 |
| 0.2 |
| 0.1 |
| 0.1 |
| 0.5 |
| 0.1 |
| 0.2 |
| 0.4 |
| 0.5 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| Cost of Revenue | 3.4 | 3.6 | 6.3 | 3.3 | 2.2 | 1.2 | 0.9 | 1.9 | 1.2 | 1.7 | 1.7 | 1.7 | 1.1 | 0.2 | 0.9 | 0.4 | 0.1 | 0.2 | 0.2 | 0.4 | 0.3 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Gross Profit | 1.4 | (0.8) | 0.6 | 0.7 | 0.2 | 2.1 | 2.3 | 0.6 | 0.5 | 0.7 | 1.3 | 1.0 | 0.6 | 1.7 | 0.5 | 0.2 | 0.1 | 0.5 | 0.4 | 0.2 | 0.1 | 0.2 | 0.1 | 0.2 | 0.0 | 0.0 | 0.4 | 0.0 | 0.1 | 0.3 | 0.4 | 0.1 | 0.1 | 0.2 | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | (0.0) |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 1.8 | 3.5 | 2.3 | 2.4 | 2.4 | 1.2 | 1.2 | 1.3 | 1.0 | 1.6 | 1.8 | 1.9 | 1.8 | 1.4 | 1.1 | 1.0 | 0.7 | 0.7 | 0.5 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.0 | 0.0 | - | 0.0 | 0.0 |
| Selling General & Administrative | 6.5 | 7.3 | 6.3 | 6.9 | 7.2 | 4.4 | 2.7 | 4.6 | 4.2 | 4.1 | 4.6 | 5.2 | 5.1 | 4.2 | 4.3 | 4.3 | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Depreciation & Amortization | 0.3 | - | - | - | 0.3 | - | - | - | 0.7 | - | - | - | 0.3 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 8.8 | 14.6 | 9.4 | 10.2 | 9.7 | 5.7 | 4.0 | 5.9 | 5.2 | 5.7 | 6.4 | 7.1 | 6.9 | 5.6 | 5.4 | 5.3 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (7.4) | (15.4) | (8.7) | (9.5) | (9.4) | (3.5) | (1.7) | (5.3) | (4.7) | (5.0) | (5.1) | (6.1) | (6.3) | (4.0) | (5.0) | (5.2) | (4.2) | (4.0) | (3.1) | (2.9) | (1.5) | (0.7) | (0.8) | (0.3) | (0.5) | (0.5) | (0.3) | (0.6) | (0.6) | (0.4) | (0.2) | (0.6) | (0.8) | (0.7) | (0.8) | (0.7) | (0.2) | (0.4) | (0.2) | (0.2) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | (20.7) | (28.9) | 1.8 | 17.6 | (9.4) | (1.1) | (0.3) | (0.6) | (0.4) | (0.2) | (0.5) | (0.3) | (0.3) | (0.5) | (0.6) | (0.1) | 0.0 | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (28.1) | (44.3) | (7.0) | 8.1 | (18.8) | (4.6) | (2.0) | (5.9) | (5.0) | (5.2) | (5.6) | (6.3) | (6.6) | (4.5) | (5.6) | (5.3) | (4.1) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (28.1) | (44.3) | (7.0) | 8.1 | (18.8) | (4.6) | (2.0) | (5.9) | (5.0) | (5.2) | (5.6) | (6.3) | (6.6) | (4.5) | (5.6) | (5.3) | (4.1) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (28.1) | (44.3) | (7.0) | 8.1 | (18.8) | (4.6) | (2.0) | (5.9) | (5.0) | (5.2) | (5.6) | (6.3) | (6.6) | (4.5) | (5.6) | (5.3) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (28.1) | (44.3) | (7.0) | 8.1 | (18.8) | (4.6) | (2.0) | (5.9) | (5.0) | (5.2) | (5.6) | (6.3) | (6.6) | (4.5) | (5.6) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.61) | - | (0.17) | 0.22 | (0.54) | - | (0.08) | (0.26) | (0.04) | - | (0.05) | (0.05) | (0.06) | - | (0.05) | (0.05) | (0.04) | - | (0.03) | (0.06) | (0.02) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.61) | - | (0.17) | 0.22 | (0.54) | - | (0.08) | (0.26) | (0.04) | - | (0.05) | (0.05) | (0.06) | - | (0.05) | (0.05) | (0.04) | - | ||||||||||||||||||||||
| Shares Basic | 46.2 | - | 41.1 | 37.3 | 34.9 | - | 24.3 | 22.7 | 142.4 | - | 117.1 | 115.4 | 112.9 | - | 105.6 | 104.5 | 102.5 | - | ||||||||||||||||||||||
| Shares Diluted | 46.2 | - | 41.1 | 37.6 | 34.9 | - | 24.3 | 22.7 | 142.4 | - | 117.1 | 115.4 | 112.9 | - | 105.6 | 104.5 | 102.5 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (7.1) | - | - | - | (9.1) | - | - | - | (4.0) | - | - | - | (6.0) | - | - | - | (4.1) | - | - | - | (1.5) | - | - | - | (0.5) | - | - | - | (0.6) | - | - | - | (0.8) | - | - | - | (0.2) | - | - | - |
| EBIT | (7.4) | (15.4) | (8.7) | (9.5) | (9.4) | (3.5) | (1.7) | (5.3) | (4.7) | (5.0) | (5.1) | (6.1) | (6.3) | (4.0) | (5.0) | (5.2) | (4.2) | (4.0) | (3.1) | |||||||||||||||||||||
| 16.0 |
| 18.9 |
| 16.5 |
| 11.2 |
| 2.5 |
| 2.1 |
| 2.5 |
| 1.7 |
| 0.4 |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | - | 1.4 | 1.8 | 2.2 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Amortization of Intangibles | - | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 42.9 | 43.8 | 20.7 | 26.1 | 20.7 | 12.8 | 2.8 | 2.6 | 3.0 | 2.5 | 0.8 |
| 0.7 |
| 0.3 |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (30.3) | (18.9) | (2.3) | (1.3) | (1.2) | (0.4) | (0.5) | (0.0) | 0.0 | (0.0) | 0.0 |
| Pre-Tax Income | - | (61.9) | (17.5) | - | - | - | - | - | - | (2.4) | (0.8) |
| (17.5) |
| (23.7) |
| (19.4) |
| (11.9) |
| (2.9) |
| (2.0) |
| (2.1) |
| (2.4) |
| (0.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (71.2) | (61.9) | (17.5) | (23.7) | (19.4) | (11.9) | (2.9) | (2.0) | (2.1) | (2.4) | (0.8) |
| Net Income Attributable To Parent | (71.2) | (61.9) | (17.5) | (23.7) | (19.4) | (11.9) | (2.9) | (2.0) | (2.1) | (2.4) | (0.8) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | 2.6 | - | - | - | - | - |
| Net Income To Common Shareholders | (71.2) | (61.9) | (17.5) | (23.7) | (19.4) | (14.5) | (2.9) | (2.0) | (2.1) | (2.4) | (0.8) |
| (0.20) |
| (0.18) |
| (0.15) |
| (0.03) |
| - |
| - |
| - |
| - |
| Shares Basic | 46.2 | 39.7 | 23.3 | 117.8 | 105.7 | 95.7 | 82.0 | - | - | - | - |
| Shares Diluted | 46.2 | 39.7 | 23.3 | 117.8 | 105.7 | 95.7 | 82.0 | - | - | - | - |
| (22.4) |
| (18.3) |
| (11.5) |
| (2.3) |
| (2.0) |
| (2.1) |
| (2.4) |
| (0.8) |
| 3.5 |
| 3.8 |
| 3.1 |
| 2.7 |
| 1.5 |
| 0.8 |
| 0.8 |
| 0.4 |
| 0.5 |
| 0.4 |
| 0.5 |
| 0.5 |
| 0.6 |
| 0.6 |
| 0.5 |
| 0.7 |
| 0.8 |
| 0.7 |
| 0.6 |
| 0.3 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.6 |
| 0.3 |
| - |
| - |
| 0.1 |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.3 |
| 4.5 |
| 3.6 |
| 3.1 |
| 1.6 |
| 0.8 |
| 0.9 |
| 0.5 |
| 0.6 |
| 0.6 |
| 0.7 |
| 0.6 |
| 0.7 |
| 0.7 |
| 0.6 |
| 0.8 |
| 0.9 |
| 0.8 |
| 0.8 |
| 0.6 |
| 0.2 |
| 0.4 |
| 0.2 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| 0.0 |
| (0.1) |
| (0.2) |
| (0.2) |
| (0.2) |
| (0.1) |
| (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 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.7) |
| (0.7) |
| (0.8) |
| (0.7) |
| (0.2) |
| (0.4) |
| (0.2) |
| (0.2) |
| (4.1) |
| (3.1) |
| (3.0) |
| (1.7) |
| (0.9) |
| (1.0) |
| (0.4) |
| (0.6) |
| (0.5) |
| (0.3) |
| (0.6) |
| (0.6) |
| (0.4) |
| (0.2) |
| (0.6) |
| (0.8) |
| (0.7) |
| (0.8) |
| (0.7) |
| (0.2) |
| (0.4) |
| (0.2) |
| (0.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.1) |
| (3.1) |
| (3.0) |
| (1.7) |
| (0.9) |
| (1.0) |
| (0.4) |
| (0.6) |
| (0.5) |
| (0.3) |
| (0.6) |
| (0.6) |
| (0.4) |
| (0.2) |
| (0.6) |
| (0.8) |
| (0.7) |
| (0.8) |
| (0.7) |
| (0.2) |
| (0.4) |
| (0.2) |
| (0.2) |
| (4.1) |
| (4.1) |
| (3.1) |
| (3.0) |
| (1.7) |
| (0.9) |
| (1.0) |
| (0.4) |
| (0.6) |
| (0.5) |
| (0.3) |
| (0.6) |
| (0.6) |
| (0.4) |
| (0.2) |
| (0.6) |
| (0.8) |
| (0.7) |
| (0.8) |
| (0.7) |
| (0.2) |
| (0.4) |
| (0.2) |
| (0.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (5.3) |
| (4.1) |
| (4.1) |
| (3.1) |
| (5.7) |
| (1.7) |
| (0.9) |
| (1.0) |
| (0.4) |
| (0.6) |
| (0.5) |
| (0.3) |
| (0.6) |
| (0.6) |
| (0.4) |
| (0.2) |
| (0.6) |
| (0.8) |
| (0.7) |
| (0.8) |
| (0.7) |
| (0.2) |
| (0.4) |
| (0.2) |
| (0.2) |
| (0.03) |
| (0.06) |
| (0.02) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 99.0 |
| 92.5 |
| 90.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.6 |
| 0.8 |
| - |
| - |
| 1.7 |
| 4.9 |
| 99.0 |
| 92.5 |
| 90.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (2.9) |
| (1.5) |
| (0.7) |
| (0.8) |
| (0.3) |
| (0.5) |
| (0.5) |
| (0.3) |
| (0.6) |
| (0.6) |
| (0.4) |
| (0.2) |
| (0.6) |
| (0.8) |
| (0.7) |
| (0.8) |
| (0.7) |
| (0.2) |
| (0.4) |
| (0.2) |
| (0.2) |