| (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 | Q3 FY 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||
| Revenues | 34.4 | 2.9 | 2.8 | 11.5 | 22.1 | 7.4 | 3.7 | 25.7 | 10.3 | 47.9 | 4.7 | 16.5 | 9.5 | 16.1 | 9.6 | 11.5 | ||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 51.5 | 39.2 | 47.1 | 78.6 | 46.8 | 72.8 | 34.0 | 2.9 |
| Cost of Revenue | 51.5 | 39.2 | 47.1 | 78.6 | 46.8 | - | - | - |
| Gross Profit | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - |
| Operating Expenses | ||||||||
| Research & Development | 334.5 | 316.6 | 240.2 | 189.1 | 164.2 | 137.0 | 62.1 | 37.2 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (359.1) | (349.4) | (261.6) | (165.5) | (161.3) | (100.5) | (46.3) | (42.2) |
| Non-Operating | ||||||||
| Interest Income | 44.5 | 38.4 | 38.0 | 18.8 | 6.6 | - | - | - |
| Interest Expense | - | - | - | - | - | - | ||
| Tax & Net | ||||||||
| Income Tax Expense | - | 0.0 | - | - | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (315.0) | (311.4) | (223.9) | (147.0) | (154.8) | |||
| Per Share | ||||||||
| EPS Basic | (3.23) | (3.69) | (2.98) | (2.52) | (2.87) | (2.09) | (3.15) | - |
| EPS Diluted | (3.23) | (3.69) | (2.98) | (2.52) | (2.87) | (2.09) | ||
| Supplementary Data | ||||||||
| EBITDA | (350.8) | (341.1) | (254.3) | (162.0) | (158.3) | (98.1) | (44.5) | (41.4) |
| EBIT | (359.1) | (349.4) | (261.6) | (165.5) | (161.3) | (100.5) | ||
| 9.6 |
| 15.3 |
| 20.3 |
| 18.5 |
| 18.7 |
| 12.8 |
| 14.5 |
| 3.3 |
| 3.4 |
| 1.0 |
| Cost of Revenue | 34.4 | 2.9 | 2.8 | 11.5 | 22.1 | 7.4 | 3.7 | 25.7 | 10.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||
| Research & Development | 98.2 | 83.8 | 74.1 | 78.4 | 80.3 | 71.8 | 60.4 | 59.2 | 48.8 | 53.0 | 48.1 | 45.8 | 42.2 | 43.1 | 43.9 | 41.3 | 35.9 | 37.5 | 38.3 | 35.2 | 26.0 | 20.4 | 15.8 | 13.8 | 12.1 | 11.3 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| General & Administrative | 20.4 | 16.9 | 17.3 | 17.6 | 16.3 | 16.3 | 15.5 | 17.4 | 14.4 | 14.2 | 14.1 | 14.1 | 12.6 | 11.6 | 10.6 | 11.0 | 10.6 | |||||||||
| Depreciation & Amortization | 2.0 | 2.5 | 2.1 | 1.7 | 2.0 | 2.0 | 2.0 | 1.9 | 1.5 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 | ||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Total Operating Expenses | 118.5 | 100.8 | 95.3 | 96.0 | 96.5 | 88.1 | 75.9 | 76.6 | 68.1 | 67.2 | 62.2 | 59.9 | 54.8 | 54.8 | 54.4 | 52.3 | ||||||||||
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (84.2) | (97.9) | (92.5) | (84.6) | (74.4) | (80.8) | (72.1) | (50.9) | (57.8) | (19.3) | (57.5) | (43.4) | (45.3) | (38.6) | (44.9) | (40.8) | (36.9) | (34.0) | (28.6) | (24.7) | (13.2) | (12.8) | (8.1) | (14.2) | (11.2) | (11.9) |
| Non-Operating | ||||||||||||||||||||||||||
| Interest Income | 15.0 | 11.0 | 10.4 | 8.1 | 8.9 | 10.1 | 9.7 | 8.9 | 9.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Non-Operating Income | 14.9 | 10.9 | 10.3 | 7.9 | 8.8 | 10.0 | 9.6 | 8.9 | 9.3 | 4.9 | 4.6 | 4.6 | 4.4 | 3.8 | 1.9 | 0.6 | 0.2 | |||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Tax & Net | ||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | 0.1 | 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 |
| Net Income From Continuing Ops | (69.2) | (87.0) | (82.2) | (76.6) | (65.6) | (70.8) | (62.5) | (42.1) | (48.6) | (14.4) | (52.9) | (38.8) | (40.9) | (34.9) | (43.0) | (40.3) | (36.7) | |||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income | (69.2) | (87.0) | (82.2) | (76.6) | (65.6) | (70.8) | (62.5) | (42.1) | (48.6) | (14.4) | (52.9) | (38.8) | (40.9) | (34.9) | (43.0) | (40.3) | (36.7) | |||||||||
| Net Income Attributable To Parent | (69.2) | (87.0) | (82.2) | (76.6) | (65.6) | (70.8) | (62.5) | (42.1) | (48.6) | (14.4) | (52.9) | (38.8) | (40.9) | (34.9) | (43.0) | (40.3) | ||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income To Common Shareholders | (69.2) | (87.0) | (82.2) | (76.6) | (65.6) | (70.8) | (62.5) | (42.1) | (48.6) | (14.4) | (52.9) | (38.8) | (40.9) | (34.9) | (43.0) | |||||||||||
| Per Share | ||||||||||||||||||||||||||
| EPS Basic | (0.71) | - | (0.94) | (0.95) | (0.82) | - | (0.82) | (0.58) | (0.69) | - | (0.90) | (0.67) | (0.70) | - | (0.79) | (0.78) | (0.71) | - | (0.56) | (0.55) | - | - | - | - | - | - |
| EPS Diluted | (0.71) | - | (0.94) | (0.95) | (0.82) | - | (0.82) | (0.58) | (0.69) | - | (0.90) | (0.67) | (0.70) | - | (0.79) | (0.78) | (0.71) | - | ||||||||
| Shares Basic | 97.5 | - | 87.3 | 80.4 | 80.1 | - | 76.1 | 73.1 | 70.8 | - | 58.4 | 58.3 | 58.2 | - | 54.5 | 51.8 | 51.7 | - | ||||||||
| Shares Diluted | 97.5 | - | 87.3 | 80.4 | 80.1 | - | 76.1 | 73.1 | 70.8 | - | 58.4 | 58.3 | 58.2 | - | 54.5 | 51.8 | 51.7 | - | ||||||||
| Supplementary Data | ||||||||||||||||||||||||||
| EBITDA | (82.1) | (95.4) | (90.4) | (82.9) | (72.4) | (78.7) | (70.1) | (49.0) | (56.4) | (18.4) | (56.6) | (42.5) | (44.4) | (37.8) | (44.1) | (40.1) | (36.2) | (32.7) | (28.6) | (24.1) | (12.7) | (12.3) | (7.6) | (13.8) | (10.9) | (11.7) |
| EBIT | (84.2) | (97.9) | (92.5) | (84.6) | (74.4) | (80.8) | (72.1) | (50.9) | (57.8) | (19.3) | (57.5) | (43.4) | (45.3) | (38.6) | (44.9) | (40.8) | (36.9) | (34.0) | (28.6) | |||||||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 72.3 | 68.2 | 63.5 | 55.0 | 43.8 | 36.3 | 18.2 | 8.0 |
| Depreciation & Amortization | 8.3 | 8.3 | 7.4 | 3.6 | 3.0 | 2.4 | 1.8 | 0.8 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 410.6 | 388.6 | 308.7 | 244.1 | 208.1 | 173.4 | 80.3 | 45.1 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 44.1 | 38.0 | 37.8 | 18.6 | 6.4 | 0.3 | 0.7 | 1.0 |
| Pre-Tax Income | - | (311.4) | - | - | - | - | - | - |
| (100.2) |
| (45.6) |
| (41.2) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (315.0) | (311.4) | (223.9) | (147.0) | (154.8) | (100.2) | (45.6) | (41.2) |
| Net Income Attributable To Parent | (315.0) | (311.4) | (223.9) | (147.0) | (154.8) | (100.2) | (45.6) | (41.2) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (315.0) | (311.4) | (223.9) | (147.0) | (154.8) | (100.2) | (54.6) | (41.2) |
| (3.15) |
| - |
| Shares Basic | 97.5 | 84.5 | 75.0 | 58.4 | 53.9 | 48.0 | 17.3 | - |
| Shares Diluted | 97.5 | 84.5 | 75.0 | 58.4 | 53.9 | 48.0 | 17.3 | - |
| (46.3) |
| (42.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 11.7 |
| 10.7 |
| 8.0 |
| 5.9 |
| 5.2 |
| 6.8 |
| 3.7 |
| 2.6 |
| 1.5 |
| 0.7 |
| 1.3 |
| 0.0 |
| 0.6 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.4 |
| 0.4 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 46.6 |
| 49.3 |
| 49.0 |
| 43.2 |
| 31.9 |
| 25.6 |
| 22.6 |
| 17.5 |
| 14.7 |
| 12.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.3 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (33.9) |
| (28.6) |
| (24.7) |
| (13.1) |
| (12.7) |
| (8.0) |
| (14.0) |
| (10.9) |
| (11.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (33.9) |
| (28.6) |
| (24.7) |
| (13.1) |
| (12.7) |
| (8.0) |
| (14.0) |
| (10.9) |
| (11.4) |
| (36.7) |
| (33.9) |
| (28.6) |
| (24.7) |
| (13.1) |
| (12.7) |
| (8.0) |
| (14.0) |
| (10.9) |
| (11.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (40.3) |
| (36.7) |
| (33.9) |
| (28.6) |
| (24.7) |
| (13.1) |
| (12.7) |
| (8.0) |
| (14.0) |
| (20.0) |
| (11.4) |
| (0.56) |
| (0.55) |
| - |
| - |
| - |
| - |
| - |
| - |
| 50.7 |
| 45.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| 50.7 |
| 45.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| (24.7) |
| (13.2) |
| (12.8) |
| (8.1) |
| (14.2) |
| (11.2) |
| (11.9) |