| (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 | Q3 FY 17 | Q2 FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||
| Revenues | 0.3 | 75.4 | 0.4 | 3.7 | 1.9 | 21.4 | 10.9 | 0.3 | 0.7 | 2.0 | 5.1 | 3.5 | 3.3 | (5.3) | 4.8 | 10.8 | |||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 79.8 | 81.4 | 33.3 | 14.0 | 15.9 | 37.7 | 15.6 | 13.3 | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 128.8 | 129.6 | 119.5 | 103.8 | 85.7 | 66.7 | 33.9 | 24.9 | 33.6 | 22.4 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (105.2) | (106.0) | (164.2) | (137.1) | (116.4) | (72.8) | (62.6) | (58.3) | (78.1) | (31.7) |
| Non-Operating | ||||||||||
| Interest Income | 1.0 | 1.8 | 4.1 | 2.3 | 0.8 | 0.2 | 1.3 | 0.4 | 0.1 | 0.0 |
| Interest Expense | 12.0 | 12.2 | 13.3 | 13.2 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | - | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 | (0.5) | 0.0 |
| Net Income From Continuing Ops | (120.5) | (114.2) | (147.8) | |||||||
| Per Share | ||||||||||
| EPS Basic | (1.48) | (1.42) | (2.12) | (1.49) | (2.87) | (1.80) | (1.54) | - | - | - |
| EPS Diluted | (1.48) | (1.42) | (2.12) | (1.49) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (92.7) | (93.4) | (151.4) | (123.3) | (107.6) | (64.9) | (58.4) | (56.0) | (76.1) | (31.0) |
| EBIT | (105.2) | (106.0) | (164.2) | (137.1) | ||||||
| 5.6 |
| 21.0 |
| 6.9 |
| 5.1 |
| 4.6 |
| 3.8 |
| 5.1 |
| 2.5 |
| 4.2 |
| 6.9 |
| 3.6 |
| 2.0 |
| 0.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||
| Research & Development | 32.0 | 30.8 | 32.5 | 33.5 | 32.8 | 24.0 | 26.2 | 34.9 | 34.3 | 33.7 | 27.9 | 19.9 | 22.3 | 21.8 | 16.9 | 24.0 | 23.1 | 13.2 | 21.6 | 15.2 | 16.7 | 5.0 | 4.6 | 16.2 | 8.1 | (2.5) | 4.6 | 9.8 | 13.0 | 10.8 | 8.1 | 7.8 | 6.9 | 6.4 | 5.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Selling & Marketing | 0.2 | 0.5 | 0.3 | 2.7 | 1.4 | - | 12.0 | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| General & Administrative | 8.9 | 17.6 | 13.6 | 12.3 | 9.4 | 17.1 | 12.7 | 11.3 | 13.1 | 12.1 | 10.0 | 12.4 | 12.8 | 14.0 | 10.8 | 10.5 | 11.3 | ||||||||||||||||||
| Depreciation & Amortization | 3.0 | 3.1 | 3.2 | 3.2 | 3.1 | 3.1 | 3.3 | 3.2 | 3.3 | - | - | - | 3.1 | - | - | - | |||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Total Operating Expenses | 41.1 | 48.9 | 46.5 | 48.5 | 43.5 | 52.9 | 51.0 | 46.2 | 47.5 | 45.8 | 37.9 | 32.3 | 35.1 | 35.8 | 27.6 | 34.5 | |||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||
| Operating Income | (40.8) | 26.5 | (46.1) | (44.8) | (41.6) | (31.5) | (40.0) | (45.9) | (46.8) | (43.8) | (32.8) | (28.8) | (31.8) | (41.1) | (22.8) | (23.8) | (28.7) | (7.7) | (22.6) | (20.5) | (22.0) | (13.2) | (8.4) | (25.2) | (15.7) | (5.4) | (10.9) | (21.2) | (20.7) | (20.1) | (14.7) | (25.2) | (18.0) | (8.8) | (7.6) |
| Non-Operating | |||||||||||||||||||||||||||||||||||
| Interest Income | 0.2 | 0.3 | 0.2 | 0.4 | 1.0 | 1.0 | 1.2 | 0.8 | 1.1 | 0.5 | 0.5 | 0.7 | 0.5 | 0.4 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.8 | - | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 2.8 | 3.1 | 3.1 | 3.0 | 3.0 | 3.4 | 3.4 | 3.3 | 3.3 | 3.4 | 3.4 | 3.4 | 3.1 | 2.9 | 1.9 | 0.1 | 0.1 | 0.1 | |||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||
| Income Tax Expense | 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | (0.3) | (0.1) | 0.0 | (0.5) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (46.3) | 15.1 | (50.5) | (38.8) | (40.0) | (39.4) | (39.3) | (48.6) | (20.4) | 20.2 | (44.3) | (29.6) | (30.4) | (27.3) | (37.3) | (34.0) | (31.0) | ||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income | (46.3) | 15.1 | (50.5) | (38.8) | (40.0) | (39.4) | (39.3) | (48.6) | (20.4) | 20.2 | (44.3) | (29.6) | (30.4) | (27.3) | (37.3) | (34.0) | (31.0) | ||||||||||||||||||
| Net Income Attributable To Parent | (46.3) | 15.1 | (50.5) | (38.8) | (40.0) | (39.4) | (39.3) | (48.6) | (20.4) | 20.2 | (44.3) | (29.6) | (30.4) | (27.3) | (37.3) | (34.0) | |||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income To Common Shareholders | (46.3) | 15.1 | (50.5) | (38.8) | (40.0) | (39.4) | (39.3) | (48.6) | (20.4) | 20.2 | (44.3) | (29.6) | (30.4) | (27.3) | (37.3) | ||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||
| EPS Basic | (0.57) | - | (0.62) | (0.48) | (0.51) | - | (0.55) | (0.76) | (0.32) | - | (0.74) | (0.53) | (0.62) | - | (0.83) | (0.76) | (0.70) | - | (0.59) | (0.46) | (0.54) | - | (0.17) | (0.69) | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.57) | - | (0.62) | (0.48) | (0.51) | - | (0.55) | (0.76) | (0.32) | - | (0.74) | (0.53) | (0.62) | - | (0.83) | (0.76) | (0.70) | - | |||||||||||||||||
| Shares Basic | 81.3 | - | 80.9 | 80.6 | 79.0 | - | 71.6 | 64.4 | 64.1 | - | 59.5 | 55.3 | 48.6 | - | 44.7 | 44.7 | 44.5 | - | |||||||||||||||||
| Shares Diluted | 81.3 | - | 80.9 | 80.6 | 79.0 | - | 71.6 | 64.4 | 64.1 | - | 59.5 | 55.3 | 48.6 | - | 44.7 | 44.7 | 44.5 | - | |||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||
| EBITDA | (37.8) | 29.6 | (42.9) | (41.6) | (38.5) | (28.4) | (36.8) | (42.7) | (43.5) | - | - | - | (28.7) | - | - | - | (26.6) | - | - | - | (20.3) | - | - | - | (14.9) | - | - | - | (20.2) | - | - | - | (17.6) | - | - |
| EBIT | (40.8) | 26.5 | (46.1) | (44.8) | (41.6) | (31.5) | (40.0) | (45.9) | (46.8) | (43.8) | (32.8) | (28.8) | (31.8) | (41.1) | (22.8) | (23.8) | (28.7) | (7.7) | (22.6) | ||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 3.7 | 4.8 | 23.8 | - | - | - | - | - | - | - |
| General & Administrative | 52.5 | 52.9 | 54.2 | 47.3 | 46.6 | 43.8 | 44.2 | 46.7 | 44.5 | 9.3 |
| Depreciation & Amortization | 12.5 | 12.5 | 12.8 | 13.7 | 8.7 | 7.9 | 4.2 | 2.2 | 2.1 | 0.7 |
| Amortization of Intangibles | - | - | - | - | 0.2 | 0.3 | 0.0 | 0.0 | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 184.9 | 187.4 | 197.5 | 151.1 | 132.3 | 110.5 | 78.1 | 71.6 | 78.1 | 31.7 |
| 4.9 |
| 0.3 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - |
| Pre-Tax Income | - | (114.2) | (147.8) | (84.0) | (129.6) | (79.6) | (58.0) | (54.7) | (83.3) | (31.0) |
| (84.0) |
| (129.6) |
| (79.6) |
| (58.0) |
| (54.7) |
| (82.9) |
| (31.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (120.5) | (114.2) | (147.8) | (84.0) | (129.6) | (79.6) | (58.0) | (54.7) | (82.9) | (31.0) |
| Net Income Attributable To Parent | (120.5) | (114.2) | (147.8) | (84.0) | (129.6) | (79.6) | (58.0) | (54.7) | (82.9) | (31.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (120.5) | (114.2) | (147.8) | (84.0) | (129.6) | (79.6) | (58.0) | (54.7) | (84.7) | (31.9) |
| (2.87) |
| (1.80) |
| (1.54) |
| - |
| - |
| - |
| Shares Basic | 81.3 | 80.4 | 69.8 | 56.5 | 45.2 | 44.1 | 37.7 | - | - | - |
| Shares Diluted | 81.3 | 80.4 | 69.8 | 56.5 | 45.2 | 44.1 | 37.7 | - | - | - |
| (116.4) |
| (72.8) |
| (62.6) |
| (58.3) |
| (78.1) |
| (31.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 15.6 |
| 7.9 |
| 10.4 |
| 9.9 |
| 12.0 |
| 8.9 |
| 11.5 |
| 11.8 |
| 14.9 |
| 9.9 |
| 13.4 |
| 8.5 |
| 9.4 |
| 6.6 |
| 17.4 |
| 11.1 |
| 2.4 |
| 2.2 |
| 2.1 |
| - |
| - |
| - |
| 1.8 |
| - |
| - |
| - |
| 0.8 |
| - |
| - |
| - |
| 0.5 |
| - |
| - |
| - |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 34.4 |
| 28.7 |
| 29.5 |
| 25.6 |
| 26.6 |
| 17.0 |
| 13.5 |
| 27.7 |
| 19.9 |
| 12.4 |
| 14.5 |
| 23.2 |
| 21.5 |
| 20.1 |
| 14.7 |
| 25.2 |
| 18.0 |
| 8.8 |
| 7.6 |
| 0.1 |
| 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 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (6.4) |
| (25.4) |
| - |
| - |
| (10.8) |
| (20.9) |
| - |
| - |
| (15.4) |
| (30.0) |
| - |
| - |
| - |
| (9.9) |
| (25.9) |
| (20.1) |
| (23.6) |
| (10.5) |
| (6.4) |
| (25.4) |
| (15.7) |
| (5.5) |
| (10.5) |
| (20.8) |
| (18.0) |
| (21.1) |
| (15.4) |
| (30.0) |
| (16.4) |
| (8.4) |
| (7.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (9.9) |
| (25.9) |
| (20.1) |
| (23.6) |
| (10.5) |
| (6.4) |
| (25.4) |
| (15.7) |
| (5.5) |
| (10.5) |
| (20.8) |
| (18.0) |
| (21.1) |
| (15.4) |
| (30.0) |
| (16.4) |
| (8.4) |
| (7.2) |
| (31.0) |
| (9.9) |
| (25.9) |
| (20.1) |
| (23.6) |
| (10.5) |
| (6.4) |
| (25.4) |
| (15.7) |
| (5.5) |
| (10.5) |
| (20.8) |
| (18.0) |
| (21.1) |
| (15.4) |
| (30.0) |
| (16.4) |
| (8.4) |
| (7.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (34.0) |
| (31.0) |
| (9.9) |
| (25.9) |
| (20.1) |
| (23.6) |
| (10.5) |
| (6.4) |
| (25.4) |
| (15.7) |
| (5.5) |
| (10.5) |
| (20.8) |
| (18.0) |
| (21.1) |
| (15.4) |
| (31.1) |
| (17.1) |
| (8.6) |
| (7.2) |
| (0.59) |
| (0.46) |
| (0.54) |
| - |
| (0.17) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 44.2 |
| 44.1 |
| 44.0 |
| - |
| 37.2 |
| 37.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 44.2 |
| 44.1 |
| 44.0 |
| - |
| 37.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (20.5) |
| (22.0) |
| (13.2) |
| (8.4) |
| (25.2) |
| (15.7) |
| (5.4) |
| (10.9) |
| (21.2) |
| (20.7) |
| (20.1) |
| (14.7) |
| (25.2) |
| (18.0) |
| (8.8) |
| (7.6) |