| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||||
| Revenues | 80.2 | 81.2 | 66.7 | 61.7 | 51.7 | 47.4 | 56.1 | 50.5 | 44.5 | 51.9 | 50.6 | 53.3 | 54.1 | 56.7 | 60.1 | 60.8 | |||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | 289.8 | 261.3 | 198.5 | 209.9 | 242.1 | 270.1 | 222.8 | 176.6 | 191.4 | 138.6 | 101.3 |
| Cost of Revenue | 199.2 | 183.4 | 165.5 | 163.8 | 191.2 | 192.8 | 163.4 | 124.3 | 124.4 | 94.3 | 78.2 |
| Gross Profit | 90.7 | 78.0 | 33.0 | 46.1 | 50.8 | 77.3 | 59.4 | 52.3 | 67.0 | 44.3 | 23.2 |
| Operating Expenses | |||||||||||
| Research & Development | 48.4 | 48.0 | 45.1 | 46.2 | 53.8 | 54.8 | 41.2 | 28.1 | 21.1 | 15.1 | 15.2 |
| Selling General & Administrative | 57.2 | 54.2 | |||||||||
| Operating Income | |||||||||||
| Operating Income | (17.7) | (26.6) | (65.6) | (46.8) | (55.1) | (30.2) | (21.0) | (9.9) | 17.1 | 9.8 | (9.3) |
| Non-Operating | |||||||||||
| Interest Income | 4.8 | 4.9 | 1.8 | 1.4 | - | - | - | - | - | - | - |
| Interest Expense | 1.3 | 1.1 | 0.1 | ||||||||
| Tax & Net | |||||||||||
| Income Tax Expense | 0.6 | 0.7 | (0.1) | (1.0) | 0.3 | (0.4) | 0.3 | 6.1 | 3.6 | 4.9 | 1.9 |
| Net Income From Continuing Ops | (14.7) | (23.5) | |||||||||
| Per Share | |||||||||||
| EPS Basic | (0.27) | (0.47) | (1.27) | (0.90) | (1.23) | (0.70) | (0.55) | (0.35) | 0.38 | 0.00 | (5.68) |
| EPS Diluted | (0.25) | (0.47) | (1.27) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | - | (14.2) | (52.6) | (34.4) | (44.0) | (21.0) | (13.3) | (3.3) | 25.4 | 17.7 | (1.2) |
| EBIT | (17.7) | (26.6) | (65.6) | ||||||||
| 64.5 |
| 67.5 |
| 72.2 |
| 69.1 |
| 61.3 |
| 65.7 |
| 61.7 |
| 52.1 |
| 43.2 |
| 42.9 |
| 43.8 |
| 48.0 |
| 41.9 |
| 46.2 |
| 51.0 |
| 51.7 |
| 42.5 |
| 37.5 |
| 36.5 |
| 34.7 |
| 29.9 |
| Cost of Revenue | 53.7 | 56.2 | 46.0 | 43.3 | 37.9 | 46.3 | 43.6 | 38.7 | 37.0 | 42.1 | 40.7 | 41.2 | 39.8 | 50.9 | 46.6 | 45.4 | 48.3 | 49.5 | 50.8 | 48.8 | 43.7 | 46.1 | 44.6 | 39.1 | 33.7 | 32.9 | 30.9 | 32.2 | 28.3 | 29.7 | 33.0 | 34.0 | 27.7 | 25.2 | 24.2 | 24.0 | 20.9 |
| Gross Profit | 26.5 | 25.0 | 20.8 | 18.5 | 13.8 | 1.1 | 12.6 | 11.9 | 7.5 | 9.8 | 9.9 | 12.1 | 14.3 | 5.8 | 13.5 | 15.4 | 16.2 | 17.9 | 21.4 | 20.3 | 17.6 | 19.6 | 17.2 | 13.1 | 9.5 | 10.0 | 13.0 | 15.9 | 13.5 | 16.5 | 18.0 | 17.7 | 14.7 | 12.3 | 12.3 | 10.7 | 9.0 |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| Research & Development | 11.8 | 14.1 | 11.5 | 11.0 | 11.4 | 11.4 | 11.3 | 11.7 | 10.7 | 12.1 | 10.7 | 12.0 | 11.3 | 13.6 | 12.7 | 13.8 | 13.7 | 14.0 | 14.8 | 14.3 | 11.7 | 12.0 | 11.1 | 9.5 | 8.5 | 8.8 | 6.4 | 6.5 | 6.4 | 6.4 | 5.5 | 4.9 | 4.3 | 3.5 | 3.8 | 4.0 | 3.7 |
| Selling General & Administrative | 15.1 | 15.7 | 14.8 | 11.7 | 12.0 | 11.9 | 13.0 | 12.8 | 11.5 | 11.2 | 11.7 | 11.8 | 11.2 | 11.8 | 13.7 | 11.9 | |||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Depreciation & Amortization | 3.2 | - | - | - | 3.2 | - | - | - | 3.1 | - | - | - | 3.1 | - | - | - | |||||||||||||||||||||
| Amortization of Intangibles | - | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.4 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | ||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Total Operating Expenses | 27.2 | 30.4 | 28.1 | 22.7 | 23.4 | 27.6 | 24.3 | 24.5 | 22.2 | 24.1 | 22.5 | 23.8 | 22.5 | 29.3 | 26.5 | 25.7 | |||||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (0.7) | (5.4) | (7.3) | (4.2) | (9.6) | (26.4) | (11.8) | (12.7) | (14.7) | (14.3) | (12.5) | (11.7) | (8.2) | (23.5) | (13.0) | (10.3) | (8.3) | (8.7) | (6.8) | (9.0) | (5.8) | (4.3) | (4.0) | (6.0) | (6.7) | (9.0) | (0.7) | 0.8 | (1.1) | 2.2 | 5.1 | 5.5 | 4.2 | 2.7 | 4.6 | 1.9 | 0.6 |
| Non-Operating | |||||||||||||||||||||||||||||||||||||
| Interest Income | 1.6 | 1.0 | 1.1 | 1.1 | 1.7 | - | 0.4 | 0.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.3 | 0.3 | 0.3 | 0.4 | 0.0 | - | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Non-Operating Income | 0.2 | 0.1 | (0.1) | (0.1) | 0.0 | 0.5 | 1.3 | 0.6 | 0.6 | 0.8 | 0.5 | 1.1 | 0.4 | 0.4 | (0.0) | (0.1) | 0.0 | ||||||||||||||||||||
| Pre-Tax Income | 0.7 | (4.6) | (6.6) | (3.6) | (8.0) | (25.6) | (10.1) | (11.6) | (13.6) | (13.2) | (11.7) | (10.3) | (7.5) | (22.8) | (12.8) | (10.4) | |||||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.1 | 0.3 | 0.3 | 0.0 | 0.1 | (0.6) | 0.3 | 0.1 | 0.1 | 0.0 | 0.2 | (1.5) | 0.3 | (0.1) | 0.1 | (0.0) | 0.3 | 0.1 | 0.2 | (1.0) | 0.3 | 0.5 | (1.5) | 0.4 | 0.9 | 2.7 | 0.8 | 0.8 | 1.8 | 0.8 | 0.8 | 0.8 | 1.1 | 1.4 | 1.2 | 1.1 | 1.2 |
| Net Income From Continuing Ops | 0.6 | (4.9) | (6.9) | (3.6) | (8.1) | (25.0) | (10.3) | (11.7) | (13.8) | (13.2) | (11.9) | (8.8) | (7.7) | (22.7) | (13.0) | (10.3) | (8.6) | ||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income | 0.6 | (4.9) | (6.9) | (3.6) | (8.1) | (25.0) | (10.3) | (11.7) | (13.8) | (13.2) | (11.9) | (8.8) | (7.7) | (22.7) | (13.0) | (10.3) | (8.6) | ||||||||||||||||||||
| Net Income Attributable To Parent | 0.6 | (4.9) | (6.9) | (3.6) | (8.1) | (25.0) | (10.3) | (11.7) | (13.8) | (13.2) | (11.9) | (8.8) | (7.7) | (22.7) | (13.0) | (10.3) | |||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income To Common Shareholders | 0.6 | (4.9) | (6.9) | (3.6) | (8.1) | (25.0) | (10.3) | (11.7) | (13.8) | (13.2) | (11.9) | (8.8) | (7.7) | (22.7) | (13.0) | ||||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||||
| EPS Basic | 0.01 | - | (0.14) | (0.07) | (0.16) | - | (0.21) | (0.25) | (0.29) | - | (0.26) | (0.19) | (0.17) | - | (0.29) | (0.23) | (0.20) | - | (0.16) | (0.19) | (0.15) | - | (0.05) | (0.18) | (0.20) | - | (0.02) | 0.00 | (0.03) | - | 0.11 | 0.13 | 0.00 | - | 0.00 | (0.11) | - |
| EPS Diluted | 0.01 | - | (0.14) | (0.07) | (0.16) | - | (0.21) | (0.25) | (0.29) | - | (0.26) | (0.19) | (0.17) | - | (0.29) | (0.23) | (0.20) | - | |||||||||||||||||||
| Shares Basic | 54.1 | - | 50.3 | 49.6 | 49.1 | - | 48.1 | 47.7 | 47.2 | - | 46.4 | 45.7 | 45.7 | - | 44.8 | 44.2 | 43.7 | - | |||||||||||||||||||
| Shares Diluted | 60.0 | - | 50.3 | 49.6 | 49.1 | - | 48.1 | 47.7 | 47.2 | - | 46.4 | 45.7 | 45.7 | - | 44.8 | 44.2 | 43.7 | - | |||||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| EBITDA | 2.4 | - | - | - | (6.4) | - | - | - | (11.6) | - | - | - | (5.1) | - | - | - | (5.8) | - | - | - | (3.6) | - | - | - | (5.0) | - | - | - | 0.5 | 5.6 | 6.6 | 7.0 | 6.2 | 6.1 | 5.9 | 3.2 | 2.6 |
| EBIT | (0.7) | (5.4) | (7.3) | (4.2) | (9.6) | (26.4) | (11.8) | (12.7) | (14.7) | (14.3) | (12.5) | (11.7) | (8.2) | (23.5) | (13.0) | (10.3) | (8.3) | (8.7) | (6.8) | ||||||||||||||||||
| 49.3 |
| 45.9 |
| 48.3 |
| 52.7 |
| 39.2 |
| 34.1 |
| 28.8 |
| 19.4 |
| 17.3 |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | - | 12.3 | 13.0 | 12.4 | 11.1 | 9.2 | 7.7 | 6.6 | 8.3 | 7.9 | 8.1 |
| Amortization of Intangibles | - | 0.8 | 0.8 | 2.4 | 2.9 | 3.9 | 3.8 | 1.1 | 0.6 | 0.5 | 0.8 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 108.3 | 104.5 | 98.7 | 92.9 | 105.9 | 107.5 | 80.4 | 62.2 | 49.9 | 34.5 | 32.5 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.1 | (0.0) | 3.1 | 2.8 | 0.3 | 0.3 | 0.4 | 0.5 | (0.3) | (1.8) | (0.8) |
| Pre-Tax Income | (14.1) | (22.8) | (60.9) | (42.6) | (54.2) | (30.0) | (20.6) | (6.8) | 17.5 | 6.7 | (12.3) |
| (60.8) |
| (41.7) |
| (54.6) |
| (29.7) |
| (20.9) |
| (12.9) |
| 13.9 |
| 1.8 |
| (14.2) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (14.7) | (23.5) | (60.8) | (41.7) | (54.6) | (29.7) | (20.9) | (12.9) | 13.9 | 1.8 | (14.2) |
| Net Income Attributable To Parent | (14.7) | (23.5) | (60.8) | (41.7) | (54.6) | (29.7) | (20.9) | (12.9) | 13.9 | 1.8 | (14.2) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (14.7) | (23.5) | (60.8) | (41.7) | (54.6) | (29.7) | (20.9) | (12.9) | 9.5 | 0.0 | (14.2) |
| (0.90) |
| (1.23) |
| (0.70) |
| (0.55) |
| (0.35) |
| 0.32 |
| 0.00 |
| (5.68) |
| Shares Basic | 54.1 | 50.0 | 47.9 | 46.1 | 44.4 | 42.1 | 38.4 | 37.1 | 24.9 | 2.7 | 2.5 |
| Shares Diluted | 60.0 | 50.0 | 47.9 | 46.1 | 44.4 | 42.1 | 38.4 | 37.1 | 30.0 | 2.7 | 2.5 |
| (46.8) |
| (55.1) |
| (30.2) |
| (21.0) |
| (9.9) |
| 17.1 |
| 9.8 |
| (9.3) |
| 10.8 |
| 12.6 |
| 13.3 |
| 15.1 |
| 11.7 |
| 11.9 |
| 10.0 |
| 9.6 |
| 7.7 |
| 10.1 |
| 7.3 |
| 8.6 |
| 8.1 |
| 7.9 |
| 7.5 |
| 7.2 |
| 6.2 |
| 6.1 |
| 3.9 |
| 4.8 |
| 4.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.6 |
| - |
| - |
| - |
| 2.2 |
| - |
| - |
| - |
| 1.8 |
| - |
| - |
| - |
| 1.6 |
| 3.3 |
| 1.5 |
| 1.5 |
| 1.9 |
| 3.4 |
| 1.3 |
| 1.3 |
| 2.0 |
| 0.8 |
| 1.0 |
| 1.0 |
| 1.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 24.5 |
| 26.6 |
| 28.2 |
| 29.3 |
| 23.4 |
| 23.9 |
| 21.1 |
| 19.1 |
| 16.2 |
| 19.0 |
| 13.7 |
| 15.1 |
| 14.6 |
| 14.3 |
| 13.0 |
| 12.1 |
| 10.5 |
| 9.6 |
| 7.7 |
| 8.8 |
| 8.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.3 |
| 0.5 |
| (0.3) |
| (0.1) |
| 0.5 |
| 0.1 |
| (0.9) |
| 0.8 |
| 0.3 |
| (0.5) |
| (0.0) |
| 0.1 |
| 0.0 |
| (1.0) |
| (0.6) |
| (0.2) |
| (8.3) |
| (8.6) |
| (6.7) |
| (8.9) |
| (5.8) |
| (4.0) |
| (3.6) |
| (6.4) |
| (6.6) |
| (8.0) |
| 0.1 |
| 0.6 |
| 0.5 |
| 3.1 |
| 4.8 |
| 5.5 |
| 4.1 |
| 2.5 |
| 3.5 |
| 0.8 |
| (0.1) |
| (8.8) |
| (6.9) |
| (7.9) |
| (6.1) |
| (4.5) |
| (2.1) |
| (6.8) |
| (7.5) |
| (10.7) |
| (0.8) |
| (0.2) |
| (1.2) |
| 2.4 |
| 4.0 |
| 4.7 |
| 2.9 |
| 1.1 |
| 2.2 |
| (0.3) |
| (1.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (8.8) |
| (6.9) |
| (7.9) |
| (6.1) |
| (4.5) |
| (2.1) |
| (6.8) |
| (7.5) |
| (10.7) |
| (0.8) |
| (0.2) |
| (1.2) |
| 2.4 |
| 4.0 |
| 4.7 |
| 2.9 |
| 1.1 |
| 2.2 |
| (0.3) |
| (1.2) |
| (8.6) |
| (8.8) |
| (6.9) |
| (7.9) |
| (6.1) |
| (4.5) |
| (2.1) |
| (6.8) |
| (7.5) |
| (10.7) |
| (0.8) |
| (0.2) |
| (1.2) |
| 2.4 |
| 4.0 |
| 4.7 |
| 2.9 |
| 1.1 |
| 2.2 |
| (0.3) |
| (1.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (10.3) |
| (8.6) |
| (8.8) |
| (6.9) |
| (7.9) |
| (6.1) |
| (4.5) |
| (2.1) |
| (6.8) |
| (7.5) |
| (10.7) |
| (0.8) |
| (0.2) |
| (1.2) |
| 2.4 |
| 4.0 |
| 3.2 |
| 0.0 |
| 1.5 |
| 0.0 |
| (0.3) |
| (1.2) |
| (0.16) |
| (0.19) |
| (0.15) |
| - |
| (0.05) |
| (0.18) |
| (0.20) |
| - |
| (0.02) |
| 0.00 |
| (0.03) |
| - |
| 0.10 |
| 0.11 |
| 0.00 |
| - |
| 0.00 |
| (0.11) |
| - |
| 42.9 |
| 42.3 |
| 40.0 |
| - |
| 38.6 |
| 38.2 |
| 37.8 |
| - |
| 37.3 |
| 37.1 |
| 36.7 |
| - |
| 35.0 |
| 24.5 |
| 3.0 |
| - |
| 2.8 |
| 2.6 |
| - |
| 42.9 |
| 42.3 |
| 40.0 |
| - |
| 38.6 |
| 38.2 |
| 37.8 |
| - |
| 37.3 |
| 37.1 |
| 36.7 |
| - |
| 40.3 |
| 29.8 |
| 3.0 |
| - |
| 2.8 |
| 2.6 |
| - |
| (9.0) |
| (5.8) |
| (4.3) |
| (4.0) |
| (6.0) |
| (6.7) |
| (9.0) |
| (0.7) |
| 0.8 |
| (1.1) |
| 2.2 |
| 5.1 |
| 5.5 |
| 4.2 |
| 2.7 |
| 4.6 |
| 1.9 |
| 0.6 |