| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||
| Revenues | 60.6 | 96.4 | 123.3 | 91.3 | 116.5 | 113.4 | 101.4 | 83.7 | 81.4 | 104.6 | 80.1 | 75.0 | 47.0 | 64.8 | 38.6 | 64.4 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 371.6 | 427.5 | 379.8 | 306.6 | 204.5 | 152.0 | 107.5 | 76.4 |
| Cost of Revenue | - | - | 260.2 | 249.4 | 195.4 | 194.7 | 90.4 | 76.7 |
| Gross Profit | - | - | 119.6 | 57.2 | 9.1 | (42.7) | 17.1 | (0.2) |
| Operating Expenses | ||||||||
| Research & Development | 34.7 | 34.1 | 41.1 | 45.0 | 43.5 | 34.4 | 16.6 | 26.0 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (16.2) | 7.0 | (116.1) | (106.7) | (159.9) | (194.1) | (29.1) | (53.9) |
| Non-Operating | ||||||||
| Interest Income | - | - | 0.0 | 0.4 | 0.1 | 0.0 | 0.0 | 0.4 |
| Interest Expense | 4.9 | 4.9 | 9.7 | 2.6 | 3.3 | 5.4 | ||
| Tax & Net | ||||||||
| Income Tax Expense | - | (5.3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 |
| Net Income From Continuing Ops | (42.8) | (29.2) | (195.5) | (106.4) | (158.2) | |||
| Per Share | ||||||||
| EPS Basic | (0.13) | (0.09) | (0.61) | (0.34) | (0.52) | (1.26) | (0.82) | (0.06) |
| EPS Diluted | (0.11) | (0.09) | (0.61) | (0.34) | (0.52) | (1.26) | ||
| Supplementary Data | ||||||||
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | (16.2) | 7.0 | (116.1) | (106.7) | (159.9) | (194.1) | (29.1) | |
| 36.7 |
| 66.8 |
| 36.9 |
| 33.4 |
| 14.9 |
| - |
| 30.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | 41.5 | - | 76.9 | 59.6 | 73.5 | 71.9 | 67.8 | 56.5 | 64.1 | 81.6 | 62.2 | 63.5 | 42.1 | 62.6 | 36.6 | 59.6 | 36.7 | 65.6 | 72.8 | 40.1 | 16.2 | - | 27.1 | - | - | - | - | - | - |
| Gross Profit | 19.2 | - | 46.4 | 31.7 | 43.0 | 41.5 | 33.6 | 27.2 | 17.2 | 23.0 | 17.9 | 11.5 | 4.9 | 2.2 | 2.0 | 4.8 | 0.0 | 1.2 | (35.9) | (6.8) | (1.2) | - | 3.7 | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 8.8 | 10.4 | 7.8 | 7.7 | 8.2 | 8.8 | 10.7 | 10.1 | 11.5 | 11.4 | 13.2 | 9.5 | 10.9 | 10.5 | 11.5 | 10.2 | 11.3 | 11.2 | 13.5 | 5.9 | 3.8 | - | 4.6 | - | - | - | - | - | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | 5.3 | 6.0 | 6.0 | 3.4 | 6.8 | 7.0 | 5.0 | 5.0 | 5.6 | 6.7 | 6.0 | 5.9 | 5.0 | 5.2 | 5.6 | 5.8 | 6.0 | ||||||||||||
| General & Administrative | 12.9 | 20.0 | 19.7 | 4.0 | 14.1 | 22.3 | 11.8 | 23.5 | 23.8 | 27.9 | 25.0 | 23.5 | 20.4 | 19.8 | 22.6 | 34.3 | 26.1 | ||||||||||||
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.3 | ||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | 0.1 | - | 0.1 | 0.1 | 0.1 | - | 0.1 | 0.1 | 0.1 | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 27.1 | 39.1 | 33.5 | 16.5 | 29.2 | 43.2 | 27.5 | 126.7 | 40.9 | 46.0 | 44.7 | 39.0 | 36.2 | 37.3 | 39.6 | 50.4 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (7.9) | (37.5) | 13.0 | 16.2 | 15.3 | (1.4) | 7.2 | (98.7) | (23.1) | (22.2) | (26.3) | (26.9) | (31.3) | (34.6) | (37.1) | (45.0) | (43.3) | (47.6) | (113.3) | (22.3) | (10.8) | (19.5) | (9.1) | (0.3) | (0.2) | (53.3) | (0.3) | (0.2) | (0.1) |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | (2.6) | 0.6 | 1.0 | 1.0 | - | 1.6 | 1.7 | - |
| Interest Expense | 1.2 | 1.2 | 1.3 | 1.3 | 1.2 | 1.6 | 4.3 | 2.1 | 1.7 | 1.2 | 0.5 | 0.5 | 0.5 | 0.9 | 0.8 | 0.9 | 0.8 | 0.8 | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | 0.1 | (0.1) | (0.1) | 0.1 | 0.3 | 0.4 | (0.3) | 0.2 | (0.1) | (1.4) | 0.1 | (0.2) | 0.8 | 0.2 | 0.3 | 0.0 | 0.4 | ||||||||||||
| Pre-Tax Income | - | 10.3 | (0.8) | (105.8) | 61.8 | (82.3) | 13.2 | (101.6) | (24.8) | (24.6) | (26.2) | (26.1) | (29.6) | (33.7) | (36.5) | (44.2) | |||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | - | (6.3) | 0.7 | 0.2 | 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 | (0.3) | 0.1 | 0.1 | 0.1 | (0.2) | (0.3) | (0.0) | 0.5 | (0.5) | 0.2 | 0.3 | 0.1 |
| Net Income From Continuing Ops | 48.2 | 16.5 | (1.5) | (106.1) | 61.8 | (82.3) | 13.2 | (101.6) | (24.8) | (24.6) | (26.2) | (26.1) | (29.6) | (33.7) | (36.5) | (44.2) | (43.8) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | 48.2 | 16.5 | (1.5) | (106.1) | 61.8 | (82.3) | 13.2 | (101.6) | (24.8) | (24.6) | (26.2) | (26.1) | (29.6) | (33.7) | (36.5) | (44.2) | (43.8) | ||||||||||||
| Net Income Attributable To Parent | 48.2 | 16.5 | (1.5) | (106.1) | 61.8 | (82.3) | 13.2 | (101.6) | (24.8) | (24.5) | (26.1) | (26.1) | (29.6) | (33.7) | (36.5) | (44.2) | |||||||||||||
| Less: Minority Interest | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | 48.2 | 16.5 | (1.5) | (106.1) | 61.8 | (82.3) | 13.2 | (101.6) | (24.8) | (24.5) | (26.1) | (26.1) | (29.6) | (33.7) | (36.5) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | 0.15 | - | 0.00 | (0.33) | 0.19 | - | 0.04 | (0.32) | (0.08) | - | (0.08) | (0.08) | (0.10) | - | (0.12) | (0.15) | (0.15) | - | (0.49) | (0.40) | (0.29) | - | - | - | 0.00 | - | - | - | - |
| EPS Diluted | (0.04) | - | 0.00 | (0.33) | 0.05 | - | 0.03 | (0.32) | (0.08) | - | (0.08) | (0.08) | (0.10) | - | (0.12) | (0.15) | (0.15) | - | |||||||||||
| Shares Basic | 332.4 | - | 323.8 | 323.6 | 323.4 | - | 320.5 | 315.5 | 315.4 | - | 313.1 | 307.7 | 307.7 | - | 306.0 | 300.6 | 298.8 | - | |||||||||||
| Shares Diluted | 385.3 | - | 323.8 | 323.6 | 374.4 | - | 367.0 | 315.5 | 315.4 | - | 313.1 | 307.7 | 307.7 | - | 306.0 | 300.6 | 298.8 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (37.9) | - | - | - | (6.1) | - | - | - | - | - | - | - | - |
| EBIT | (7.9) | (37.5) | 13.0 | 16.2 | 15.3 | (1.4) | 7.2 | (98.7) | (23.1) | (22.2) | (26.3) | (26.9) | (31.3) | (34.6) | (37.1) | (45.0) | (43.3) | (47.6) | (113.3) | ||||||||||
| - |
| - |
| - |
| Selling & Marketing | 20.7 | 22.2 | 22.6 | 23.6 | 22.6 | 21.4 | 13.8 | 15.7 |
| General & Administrative | 56.6 | 57.8 | 81.5 | 96.8 | 102.8 | 101.6 | 18.8 | 15.2 |
| Depreciation & Amortization | - | - | - | - | - | - | - | - |
| Amortization of Intangibles | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | 0.3 |
| Total Operating Expenses | 116.2 | 118.3 | 238.3 | 165.9 | 170.7 | 157.4 | 49.2 | 56.9 |
| 5.7 |
| 6.4 |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.0) | 0.2 | 0.2 | (0.7) | 0.9 | (0.1) | 0.7 | (0.1) |
| Pre-Tax Income | - | (34.5) | (195.5) | (106.4) | (158.2) | (206.5) | (33.6) | (59.5) |
| (206.5) |
| (33.6) |
| (59.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (42.8) | (29.2) | (195.5) | (106.4) | (158.2) | (206.5) | (33.6) | (59.7) |
| Net Income Attributable To Parent | (42.8) | (29.2) | (195.5) | (106.3) | (158.2) | (206.5) | (2.4) | 3.4 |
| Less: Minority Interest | - | 0.0 | 0.0 | (0.1) | 0.0 | 0.0 | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (42.8) | (29.2) | (195.5) | (106.3) | (158.2) | (206.5) | (2.4) | 3.4 |
| (0.82) |
| (0.07) |
| Shares Basic | 332.4 | 324.7 | 318.5 | 310.9 | 303.3 | 185.9 | 99.0 | - |
| Shares Diluted | 385.3 | 324.7 | 318.5 | 310.9 | 303.3 | 185.9 | 99.0 | 8.0 |
| (53.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.2 |
| 7.4 |
| 3.7 |
| 3.2 |
| - |
| 3.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| 33.8 |
| 57.1 |
| 6.2 |
| 4.6 |
| - |
| 4.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.3) |
| 0.3 |
| 0.2 |
| 0.1 |
| 43.4 |
| 52.2 |
| 78.0 |
| 15.8 |
| 11.5 |
| - |
| 12.7 |
| 0.3 |
| - |
| - |
| 0.3 |
| 0.2 |
| - |
| 1.2 |
| 1.5 |
| 1.8 |
| - |
| 1.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| (0.0) |
| 0.0 |
| (0.0) |
| (1.9) |
| 0.1 |
| (0.1) |
| 2.6 |
| (3.8) |
| 1.4 |
| 1.8 |
| 0.4 |
| (43.8) |
| (47.0) |
| (116.4) |
| (27.0) |
| (16.2) |
| (25.3) |
| (10.4) |
| (0.3) |
| 2.4 |
| (62.6) |
| 1.1 |
| 1.6 |
| 0.4 |
| (90.0) |
| (116.5) |
| (0.0) |
| (0.0) |
| (23.0) |
| (10.1) |
| (0.0) |
| (0.5) |
| (62.1) |
| 0.9 |
| 1.3 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (46.6) |
| (116.5) |
| (27.1) |
| (16.3) |
| (25.1) |
| (10.1) |
| (0.3) |
| 1.9 |
| (62.1) |
| 0.9 |
| 1.3 |
| 0.3 |
| (43.8) |
| (87.9) |
| (116.5) |
| (2.1) |
| (0.0) |
| (3.9) |
| (0.1) |
| (0.3) |
| 1.9 |
| 0.6 |
| 1.3 |
| 1.3 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (44.2) |
| (43.8) |
| (46.6) |
| (116.5) |
| (27.1) |
| (16.3) |
| 6.1 |
| (10.1) |
| (0.3) |
| 1.9 |
| 0.6 |
| 1.3 |
| 1.3 |
| 0.3 |
| (0.49) |
| (0.40) |
| (0.29) |
| - |
| - |
| - |
| 0.00 |
| - |
| - |
| - |
| - |
| 243.9 |
| 99.0 |
| 99.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 243.9 |
| 99.0 |
| 99.0 |
| - |
| - |
| - |
| 8.4 |
| - |
| - |
| - |
| - |
| (22.3) |
| (10.8) |
| (19.5) |
| (9.1) |
| (0.3) |
| (0.2) |
| (53.3) |
| (0.3) |
| (0.2) |
| (0.1) |