| (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 | 20.8 | 41.2 | 72.8 | 22.2 | 13.2 | 19.4 | 110.7 | 10.8 | 9.1 | 10.7 | 10.4 | 13.1 | 24.5 | 73.1 | 41.7 | 26.0 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||
| Revenues | 157.1 | 149.5 | 150.0 | 58.7 | 151.9 | 77.4 | 104.9 | 64.2 | 60.1 | 157.7 | 91.9 | 100.9 | 47.8 | 58.0 | 63.8 | 57.2 |
| Cost of Revenue | - | 0.0 | 0.8 | 0.6 | 3.4 | 2.7 | 0.0 | 0.0 | - | - | - | - | - | - | - | - |
| Gross Profit | - | 149.5 | 149.1 | 58.1 | 148.6 | 74.8 | 104.9 | 64.2 | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||
| Research & Development | 142.4 | 147.2 | 177.2 | 166.6 | 207.0 | 214.6 | 193.2 | 195.3 | 190.8 | 147.2 | 122.1 | 98.3 | 70.2 | 46.6 | 45.4 | |
| Operating Income | ||||||||||||||||
| Operating Income | (63.7) | (72.8) | (110.6) | (168.2) | (121.4) | (202.8) | (131.1) | (177.2) | (171.2) | (22.1) | (60.0) | (20.2) | (38.3) | 0.4 | ||
| Non-Operating | ||||||||||||||||
| Interest Income | - | 3.4 | 5.6 | 4.0 | 1.7 | 2.0 | 0.8 | 3.4 | 2.3 | 2.4 | 2.3 | 0.2 | - | - | - | - |
| Tax & Net | ||||||||||||||||
| Income Tax Expense | - | (0.7) | 0.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Per Share | ||||||||||||||||
| EPS Basic | (1.11) | (1.18) | (1.07) | (0.15) | (1.95) | (3.37) | (2.47) | - | - | - | - | - | (1.40) | (0.04) | 0.00 | 0.00 |
| Supplementary Data | ||||||||||||||||
| EBITDA | - | (65.7) | (103.0) | (158.6) | (109.6) | (191.5) | (119.1) | (164.9) | (162.0) | (14.9) | (52.4) | (17.3) | (36.5) | 1.6 | 9.2 | 6.3 |
| 11.1 |
| 14.1 |
| 15.7 |
| 30.8 |
| 16.9 |
| 52.7 |
| 18.3 |
| 20.3 |
| 13.7 |
| 25.2 |
| 18.7 |
| 10.6 |
| 9.7 |
| 15.8 |
| 20.8 |
| 18.8 |
| 4.7 |
| 152.4 |
| 1.7 |
| 1.7 |
| 2.1 |
| 5.1 |
| 3.3 |
| 80.7 |
| Cost of Revenue | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.1 | 0.3 | 0.1 | 0.1 | 3.0 | 0.2 | 0.0 | 0.9 | 1.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | 41.2 | 72.8 | 22.2 | 13.2 | 19.1 | 110.5 | 10.6 | 8.8 | 10.6 | 10.3 | 12.9 | 24.4 | 73.0 | 38.7 | 25.8 | 11.1 | 13.2 | 14.0 | 30.7 | 16.9 | 52.7 | 18.3 | 20.3 | 13.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 35.0 | 34.0 | 32.7 | 40.8 | 39.7 | 38.9 | 40.5 | 51.7 | 46.0 | 47.4 | 30.1 | 43.2 | 45.9 | 45.7 | 48.2 | 51.7 | 61.4 | 55.9 | 49.8 | 55.8 | 53.1 | 42.3 | 44.7 | 57.4 | 48.9 | 52.0 | 44.9 | 51.4 | 47.1 | 46.9 | 46.2 | 52.0 | 45.7 | 39.0 | 41.0 | 34.5 | 32.8 | 31.1 | 30.3 | 33.3 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 9.7 | 9.2 | 9.9 | 9.3 | 10.7 | 27.8 | 14.1 | 14.4 | 14.7 | 12.6 | 12.4 | 13.7 | 13.5 | 13.7 | 15.4 | 13.7 | 16.3 | |||||||||||||||||||||||
| Depreciation & Amortization | 1.7 | - | - | - | 1.8 | - | - | - | 1.8 | - | - | - | 3.0 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 54.2 | 53.3 | 54.2 | 59.0 | 55.8 | 72.2 | 56.5 | 69.0 | 62.9 | 60.1 | 45.9 | 58.1 | 62.9 | 61.1 | 66.7 | 67.8 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (33.4) | (12.1) | 18.6 | (36.8) | (42.6) | (52.8) | 54.2 | (58.2) | (53.8) | (49.4) | (35.5) | (45.0) | (38.4) | 12.0 | (25.0) | (41.8) | (66.6) | (58.2) | (53.0) | (40.3) | (51.3) | (2.2) | (36.1) | (47.3) | (45.4) | (38.7) | (37.9) | (53.0) | (47.6) | (41.7) | (35.0) | (44.3) | (50.2) | 105.0 | (47.7) | (41.2) | (38.2) | (35.2) | (34.3) | 40.1 |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 4.9 | 4.3 | 3.3 | 0.8 | 0.1 | (0.0) | 0.0 | 0.0 | 1.1 | 0.0 | 0.0 | 0.8 | 0.7 | - | 0.0 | 0.0 | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.8 | 0.1 | 0.5 | 0.2 | |||||||||||||||||||||||
| Pre-Tax Income | - | - | 16.8 | (36.1) | - | - | 56.3 | (55.7) | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | 0.0 | 0.1 | - | - | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (36.8) | (14.2) | 16.8 | (36.3) | (41.0) | (15.4) | 56.3 | (55.7) | (52.2) | (46.1) | 17.6 | 57.5 | (38.0) | 12.8 | (24.8) | (41.3) | (66.4) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (36.8) | (14.2) | 16.8 | (36.3) | (41.0) | (15.4) | 56.3 | (55.7) | (52.2) | (46.1) | 17.6 | 57.5 | (38.0) | 12.8 | (24.8) | (41.3) | (66.4) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (36.8) | (14.2) | 16.8 | (36.3) | (41.0) | (15.4) | 56.3 | (55.7) | (52.2) | (46.1) | 17.6 | 57.5 | (38.0) | 12.8 | (24.8) | (41.3) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (36.8) | (14.2) | 16.8 | (36.3) | (41.0) | (15.4) | 56.3 | (55.7) | (52.2) | (46.1) | 17.6 | 57.5 | (38.0) | 12.8 | (24.8) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.58) | - | 0.27 | (0.57) | (0.65) | - | 0.90 | (0.89) | (0.84) | - | 0.28 | 0.93 | (0.61) | - | (0.40) | (0.67) | (1.08) | - | (0.86) | (0.66) | (0.90) | - | (0.66) | (0.94) | - | - | - | - | - | - | - | - | - | - | - | (1.14) | - | - | (0.97) | 1.17 |
| EPS Diluted | (0.58) | - | 0.27 | (0.57) | (0.65) | - | 0.90 | (0.89) | (0.84) | - | 0.28 | 0.92 | (0.61) | - | (0.40) | (0.67) | (1.08) | - | ||||||||||||||||||||||
| Shares Basic | 63.4 | - | 63.2 | 63.1 | 63.0 | - | 62.7 | 62.7 | 62.3 | - | 62.0 | 61.9 | 61.8 | - | 61.5 | 61.4 | 61.3 | - | ||||||||||||||||||||||
| Shares Diluted | 63.4 | - | 63.3 | 63.1 | 63.0 | - | 62.9 | 62.7 | 62.3 | - | 62.2 | 62.3 | 61.8 | - | 61.5 | 61.4 | 61.3 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (31.8) | - | - | - | (40.9) | - | - | - | (51.9) | - | - | - | (35.4) | - | - | - | (63.7) | - | - | - | (48.6) | - | - | - | (42.4) | - | - | - | (44.7) | - | - | - | (48.9) | - | - | - | (36.2) | - | - | - |
| EBIT | (33.4) | (12.1) | 18.6 | (36.8) | (42.6) | (52.8) | 54.2 | (58.2) | (53.8) | (49.4) | (35.5) | (45.0) | (38.4) | 12.0 | (25.0) | (41.8) | (66.6) | (58.2) | (53.0) | |||||||||||||||||||||
| 41.1 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 38.2 | 39.2 | 71.0 | 52.2 | 58.9 | 63.0 | 42.7 | 46.1 | 40.5 | 32.7 | 29.8 | 22.8 | 15.9 | 11.1 | 10.2 | 10.9 |
| Depreciation & Amortization | - | 7.2 | 7.5 | 9.6 | 11.9 | 11.3 | 12.0 | 12.3 | 9.2 | 7.2 | 7.6 | 2.9 | 1.8 | 1.2 | 1.0 | 1.1 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 220.7 | 222.3 | 260.5 | 227.0 | 273.4 | 280.2 | 235.9 | 241.4 | 231.3 | 179.9 | 151.9 | 121.0 | 86.1 | 57.7 | 55.6 | 52.0 |
| 8.2 |
| 5.2 |
| Interest Expense | 13.3 | 8.5 | 1.1 | 1.4 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | 6.1 | 9.4 | 9.7 | 1.7 | 0.7 | 1.3 | 25.4 | (0.2) | 2.5 | 1.5 | 0.0 | 0.0 | (0.6) | 0.2 | 1.5 |
| Pre-Tax Income | - | (75.3) | (66.0) | (9.1) | (119.8) | - | - | - | - | - | - | - | - | - | - | - |
| - |
| Net Income From Continuing Ops | (70.4) | (74.6) | (67.0) | (9.1) | (119.8) | (202.1) | (129.7) | (151.8) | (171.5) | (19.6) | (58.5) | (20.1) | (38.3) | (0.3) | 8.4 | 6.7 |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (70.4) | (74.6) | (67.0) | (9.1) | (119.8) | (202.1) | (129.7) | (151.8) | (171.5) | (19.6) | (58.5) | (20.1) | (38.3) | (0.3) | 8.4 | 6.7 |
| Net Income Attributable To Parent | (70.4) | (74.6) | (67.0) | (9.1) | (119.8) | (202.1) | (129.7) | (151.8) | (171.5) | (19.6) | (58.5) | (20.1) | (38.3) | (0.3) | 8.4 | 6.7 |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (70.4) | (74.6) | (67.0) | (9.1) | (119.8) | (202.1) | (129.7) | (151.8) | (171.5) | (19.6) | (58.5) | (20.1) | (38.3) | (0.3) | 8.4 | 6.7 |
| EPS Diluted | (1.11) | (1.18) | (1.07) | (0.15) | (1.95) | (3.37) | (2.47) | - | - | - | - | - | (1.40) | (0.04) | 0.00 | 0.00 |
| Shares Basic | 63.4 | 63.2 | 62.6 | 61.9 | 61.4 | 59.9 | 52.4 | 48.1 | - | 36.1 | 34.7 | 31.8 | 27.4 | 6.8 | 1.1 | 1.0 |
| Shares Diluted | 63.4 | 63.2 | 62.6 | 61.9 | 61.4 | 59.9 | 52.4 | 48.1 | - | 36.1 | 34.7 | 31.8 | 27.4 | 6.8 | 1.1 | 1.0 |
| EBIT | (63.7) | (72.8) | (110.6) | (168.2) | (121.4) | (202.8) | (131.1) | (177.2) | (171.2) | (22.1) | (60.0) | (20.2) | (38.3) | 0.4 | 8.2 | 5.2 |
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| 15.6 |
| 17.2 |
| 15.2 |
| 15.0 |
| 12.6 |
| 9.7 |
| 10.2 |
| 10.2 |
| 11.9 |
| 11.8 |
| 12.1 |
| 10.2 |
| 10.5 |
| 9.6 |
| 11.1 |
| 9.2 |
| 8.4 |
| 8.4 |
| 8.4 |
| 7.5 |
| 9.2 |
| 7.2 |
| 7.2 |
| 2.9 |
| - |
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| 2.7 |
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| 3.1 |
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| 2.9 |
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| 1.3 |
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| 2.0 |
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| 77.7 |
| 72.4 |
| 68.6 |
| 71.0 |
| 68.2 |
| 54.9 |
| 54.4 |
| 67.6 |
| 59.1 |
| 63.8 |
| 56.7 |
| 63.6 |
| 57.3 |
| 57.5 |
| 55.8 |
| 63.1 |
| 54.9 |
| 47.4 |
| 49.4 |
| 42.8 |
| 40.3 |
| 40.3 |
| 37.5 |
| 40.6 |
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| 0.2 |
| 0.1 |
| 0.3 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.4 |
| 0.7 |
| 8.3 |
| (6.7) |
| 21.2 |
| 2.6 |
| (3.0) |
| 1.0 |
| 1.1 |
| 0.7 |
| 0.8 |
| 0.7 |
| 0.5 |
| 0.6 |
| 0.5 |
| 0.4 |
| 0.4 |
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| (58.0) |
| (52.9) |
| (39.9) |
| (51.3) |
| (2.1) |
| (36.0) |
| (46.9) |
| (44.7) |
| (30.4) |
| (44.6) |
| (31.8) |
| (45.0) |
| (44.6) |
| (34.0) |
| (43.2) |
| (49.5) |
| 105.7 |
| (47.0) |
| (40.7) |
| (37.7) |
| (34.8) |
| (33.8) |
| 40.5 |
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| (58.0) |
| (52.9) |
| (39.9) |
| (51.3) |
| (2.1) |
| (36.0) |
| (46.9) |
| (44.7) |
| (30.4) |
| (44.6) |
| (31.8) |
| (45.0) |
| (44.6) |
| (34.0) |
| (43.2) |
| (49.5) |
| 105.7 |
| (47.0) |
| (40.7) |
| (37.7) |
| (34.8) |
| (33.8) |
| 40.5 |
| (66.4) |
| (58.0) |
| (52.9) |
| (39.9) |
| (51.3) |
| (2.1) |
| (36.0) |
| (46.9) |
| (44.7) |
| (30.4) |
| (44.6) |
| (31.8) |
| (45.0) |
| (44.6) |
| (34.0) |
| (43.2) |
| (49.5) |
| 105.7 |
| (47.0) |
| (40.7) |
| (37.7) |
| (34.8) |
| (33.8) |
| 40.5 |
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| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (41.3) |
| (66.4) |
| (58.0) |
| (52.9) |
| (39.9) |
| (51.3) |
| (2.1) |
| (36.0) |
| (46.9) |
| (44.7) |
| (30.4) |
| (44.6) |
| (31.8) |
| (45.0) |
| (44.6) |
| (34.0) |
| (43.2) |
| (49.5) |
| 105.7 |
| (47.0) |
| (40.7) |
| (37.7) |
| (34.8) |
| (33.8) |
| 40.5 |
| (0.86) |
| (0.66) |
| (0.90) |
| - |
| (0.66) |
| (0.94) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.14) |
| - |
| - |
| (0.97) |
| 1.12 |
| 61.2 |
| 60.1 |
| 57.2 |
| - |
| 54.5 |
| 50.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 42.2 |
| 36.9 |
| - |
| 36.8 |
| 35.8 |
| 35.0 |
| - |
| 34.8 |
| 34.6 |
| 61.2 |
| 60.1 |
| 57.2 |
| - |
| 54.5 |
| 50.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 42.2 |
| 36.9 |
| - |
| 36.8 |
| 35.8 |
| 35.0 |
| - |
| 34.8 |
| 36.0 |
| (40.3) |
| (51.3) |
| (2.2) |
| (36.1) |
| (47.3) |
| (45.4) |
| (38.7) |
| (37.9) |
| (53.0) |
| (47.6) |
| (41.7) |
| (35.0) |
| (44.3) |
| (50.2) |
| 105.0 |
| (47.7) |
| (41.2) |
| (38.2) |
| (35.2) |
| (34.3) |
| 40.1 |