| (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 | 23.3 | - | - | - | 1.3 | - | - | - | - | - | - | 1.8 | 1.9 | 1.8 | 16.7 | 2.9 | ||||||||||||||||||||||||
| (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 | - | 9.7 | 3.9 | 6.2 | 26.9 | 14.3 | 32.0 | 90.7 | 151.2 | 231.0 | 190.9 | 173.6 | 71.9 | 23.8 | 13.8 | 8.0 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | 33.3 | 37.7 | 40.7 | 11.0 | 0.0 | 0.0 | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | 197.7 | 153.2 | 132.9 | 60.9 | 23.7 | 13.8 | - |
| Operating Expenses | ||||||||||||||||
| Research & Development | - | 41.3 | 53.1 | 48.6 | - | - | - | - | 404.6 | 143.2 | 112.1 | 147.5 | 59.0 | 48.1 | 64.0 | |
| Operating Income | ||||||||||||||||
| Operating Income | - | (110.5) | (135.0) | (99.8) | - | - | - | - | (505.6) | (137.9) | (125.2) | (146.9) | (70.0) | (58.0) | ||
| Non-Operating | ||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Tax & Net | ||||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | (1.8) | (0.5) | (0.2) | (0.2) | (0.1) | (0.9) | (15.4) | 2.1 | (3.9) | 1.0 | (0.1) | 0.0 | 0.0 | |
| Per Share | ||||||||||||||||
| EPS Basic | (1.08) | (1.37) | (0.47) | (0.39) | 0.14 | (0.47) | (1.02) | (2.09) | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||
| EBITDA | - | (107.3) | (130.5) | (93.1) | - | - | - | - | (472.5) | (106.7) | (100.6) | (129.1) | (59.5) | (50.8) | (67.2) | (78.1) |
| 5.5 |
| (17.4) |
| 3.3 |
| 3.8 |
| 24.5 |
| (51.9) |
| 23.6 |
| 30.4 |
| 29.8 |
| 17.0 |
| 18.3 |
| 32.8 |
| 22.6 |
| 33.8 |
| 32.4 |
| 45.3 |
| 39.7 |
| 76.8 |
| 46.0 |
| 54.4 |
| 53.7 |
| 46.0 |
| 49.0 |
| 52.5 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.6 | 8.5 | 7.4 | 8.0 | 8.9 | 9.0 | 8.2 | 9.2 | 10.8 |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34.6 | 31.1 | 69.4 | 38.0 | 45.6 | 44.7 | 37.8 | 39.8 | 41.7 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 5.6 | - | - | - | 10.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.5 | 34.5 | 33.1 | 280.4 | 44.9 | 42.0 | 37.3 | 38.5 | 36.5 | 34.0 | 34.2 | 28.9 | 29.0 | 28.4 |
| Selling General & Administrative | 21.0 | - | - | - | 12.4 | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Depreciation & Amortization | 1.1 | 1.8 | 0.5 | 0.3 | 0.6 | 2.2 | 0.4 | 0.4 | 1.6 | 4.0 | 0.4 | 0.5 | 1.7 | 6.3 | 0.6 | 0.6 | ||||||||||||||||||||||||
| Amortization of Intangibles | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 29.2 | - | - | - | 23.9 | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (6.0) | - | - | - | (22.6) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (48.6) | (37.4) | (58.7) | (336.8) | (66.5) | (49.7) | (52.7) | (26.5) | (44.7) | (35.3) | (31.4) | (32.6) | (28.8) | (23.2) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 2.9 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | - | - | - | (0.0) | |||||||||||||||||||||||
| Other Non-Operating Income | (1.9) | - | - | - | (31.6) | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Pre-Tax Income | (7.9) | - | - | - | (54.2) | (19.8) | (24.0) | (60.5) | (23.8) | (33.4) | (19.8) | (20.4) | (22.8) | (22.2) | (7.7) | (26.1) | ||||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | (1.7) | (0.0) | (0.3) | (0.0) | (0.1) | (0.1) | 0.0 | (0.1) | (0.1) | (0.1) | - | - | - | - | - | - | - | - | 0.7 | (0.5) | (0.5) | (0.6) | 4.1 | (14.3) | (1.1) | (4.1) | 4.2 | (0.8) | (0.8) | (0.5) | (0.6) | (0.4) | (0.6) |
| Net Income From Continuing Ops | (7.9) | (23.5) | (146.3) | (26.6) | (54.2) | (19.7) | (24.0) | (58.8) | (23.7) | (33.1) | (19.8) | (20.3) | (22.7) | (22.2) | (7.6) | (26.1) | (23.9) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 95.0 | 8.4 | 4.6 | |||||||||||||||||||||||
| Net Income | (7.9) | (23.5) | (146.3) | (26.6) | (54.2) | (19.7) | (24.0) | (58.8) | (23.7) | (33.1) | (19.8) | (20.3) | (22.7) | (22.2) | 87.4 | (17.6) | (19.3) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (7.9) | (23.5) | (146.3) | (26.6) | (54.2) | (19.7) | (24.0) | (58.8) | (23.7) | (33.1) | (19.8) | (20.3) | (22.7) | (22.2) | 87.4 | (17.6) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | 179.0 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (7.9) | (23.5) | (325.3) | (26.6) | (54.2) | (19.7) | (24.0) | (58.8) | (23.7) | (33.1) | (19.8) | (20.3) | (22.7) | (22.2) | 87.4 | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.02) | - | (1.06) | (0.09) | (0.18) | - | (0.09) | (0.23) | (0.10) | - | (0.08) | (0.08) | (0.10) | - | 0.44 | (0.09) | (0.10) | - | (0.15) | (0.10) | (0.09) | - | (0.18) | (0.26) | (0.35) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.02) | - | (1.06) | (0.09) | (0.18) | - | (0.09) | (0.23) | (0.10) | - | (0.08) | (0.08) | (0.10) | - | 0.44 | (0.09) | (0.10) | - | ||||||||||||||||||||||
| Shares Basic | 354.3 | - | 307.2 | 296.4 | 293.9 | - | 275.9 | 252.4 | 249.2 | - | 248.5 | 248.0 | 229.8 | - | 200.7 | 200.5 | 199.6 | - | ||||||||||||||||||||||
| Shares Diluted | 354.3 | - | 307.2 | 296.4 | 293.9 | - | 275.9 | 252.4 | 249.2 | - | 248.5 | 248.0 | 229.8 | - | 200.7 | 200.5 | 199.6 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (4.9) | - | - | - | (22.0) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (45.7) | (34.5) | (52.1) | (319.3) | (62.9) | (46.1) | (44.3) | (8.6) | (41.8) | (32.4) | (24.0) | (18.3) | (26.5) | (20.9) |
| EBIT | (6.0) | - | - | - | (22.6) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| 70.2 |
| Selling General & Administrative | - | 70.1 | 41.3 | 40.4 | - | - | - | - | 137.8 | 146.1 | 142.3 | 109.1 | 63.6 | 33.6 | 24.9 | - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | 33.6 | 24.9 | 18.3 |
| Depreciation & Amortization | 3.7 | 3.2 | 4.5 | 6.7 | 10.8 | 13.8 | 17.5 | 24.9 | 33.1 | 31.1 | 24.6 | 17.7 | 10.4 | 7.2 | 8.0 | 4.3 |
| Amortization of Intangibles | 1.3 | 1.3 | 3.1 | 4.8 | 4.8 | 5.3 | 5.2 | 7.9 | 11.7 | 11.5 | 15.2 | 9.9 | 4.2 | 2.9 | 3.0 | 1.3 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.9 |
| Total Operating Expenses | - | 120.2 | 139.0 | 106.0 | - | - | - | - | 666.2 | 368.9 | 316.1 | 320.5 | 141.9 | 81.8 | 88.9 | 90.4 |
| (75.2) |
| (82.4) |
| Interest Expense | - | 3.9 | 0.0 | 0.5 | - | - | - | - | 8.5 | 0.6 | 0.9 | 1.2 | 0.7 | 0.1 | 0.1 | 0.2 |
| Income From Equity Investments | - | - | 0.0 | 0.0 | 0.9 | (0.0) | (1.2) | (6.7) | (11.6) | (14.3) | (21.1) | (8.9) | (5.3) | (0.6) | (0.3) | - |
| Other Non-Operating Income | - | (140.1) | 7.0 | 3.4 | - | - | - | - | (19.0) | 22.5 | (47.9) | 68.8 | (10.5) | 17.7 | (6.4) | (2.9) |
| Pre-Tax Income | - | (250.6) | (128.0) | (96.4) | (80.0) | (111.0) | (104.5) | (171.3) | (395.9) | (78.4) | (194.2) | (87.0) | (85.7) | (40.9) | (81.9) | - |
| 0.0 |
| Net Income From Continuing Ops | (204.4) | (250.6) | (126.2) | (95.9) | (79.8) | (96.8) | (103.8) | (168.7) | (375.1) | (70.6) | (190.3) | (88.0) | (85.6) | (40.9) | (81.9) | (85.3) |
| Net Income From Discontinued Ops | - | - | 0.0 | 0.0 | 108.1 | 18.6 | (66.1) | (153.6) | (134.2) | - | - | - | - | - | - | - |
| Net Income | (204.4) | (250.6) | (126.2) | (95.9) | 28.3 | (92.2) | (170.5) | (323.9) | (514.7) | (126.8) | (190.3) | (88.0) | (85.6) | (40.9) | (81.9) | (85.3) |
| Net Income Attributable To Parent | (204.4) | (250.6) | (126.2) | (95.9) | 28.3 | (92.2) | (170.5) | (322.3) | (509.3) | (117.0) | (186.6) | (84.5) | (81.8) | (39.0) | (81.9) | (85.3) |
| Less: Minority Interest | - | - | - | - | - | 0.0 | 0.0 | (1.6) | (5.4) | (9.8) | (3.7) | (3.5) | (3.8) | (1.9) | 0.0 | - |
| Less: Preferred Dividends | - | 179.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (383.4) | (429.6) | (126.2) | (95.9) | 28.3 | (92.2) | (170.5) | (322.3) | (509.3) | (117.0) | (186.6) | (84.5) | (81.8) | (57.4) | (103.9) | (99.1) |
| EPS Diluted | (1.08) | (1.37) | (0.47) | (0.39) | 0.14 | (0.47) | (1.02) | (2.09) | - | - | - | - | - | - | - | - |
| Shares Basic | 354.3 | 313.0 | 267.7 | 244.5 | 200.4 | 197.8 | 167.1 | 154.1 | - | - | - | - | - | - | - | - |
| Shares Diluted | 354.3 | 313.0 | 267.7 | 244.5 | 200.4 | 197.8 | 167.1 | 154.1 | - | - | - | - | - | - | - | - |
| EBIT | - | (110.5) | (135.0) | (99.8) | - | - | - | - | (505.6) | (137.9) | (125.2) | (146.9) | (70.0) | (58.0) | (75.2) | (82.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 24.7 |
| 21.5 |
| 33.6 |
| 24.9 |
| 38.7 |
| 34.4 |
| 39.7 |
| 32.8 |
| 39.3 |
| 38.8 |
| 35.1 |
| 35.4 |
| 33.8 |
| 30.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.3 |
| 8.8 |
| 0.7 |
| 0.7 |
| 3.5 |
| 8.9 |
| 1.9 |
| 1.9 |
| 4.8 |
| 12.5 |
| 2.9 |
| 2.9 |
| 6.6 |
| 17.5 |
| 3.6 |
| 3.6 |
| 8.4 |
| 17.9 |
| 3.0 |
| 2.9 |
| 7.4 |
| 14.3 |
| 2.3 |
| 2.3 |
| 0.7 |
| 1.3 |
| 1.3 |
| 1.9 |
| (0.4) |
| 1.9 |
| 1.9 |
| 1.9 |
| 1.9 |
| 1.9 |
| 1.9 |
| 2.2 |
| (2.8) |
| 4.7 |
| 4.9 |
| 4.9 |
| (2.8) |
| 5.0 |
| 4.6 |
| 4.6 |
| 4.3 |
| 3.7 |
| 3.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 71.7 |
| 73.4 |
| 82.0 |
| 379.9 |
| 98.9 |
| 95.0 |
| 92.3 |
| 103.3 |
| 90.8 |
| 89.7 |
| 85.1 |
| 78.6 |
| 77.8 |
| 75.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.5 |
| 4.4 |
| 4.3 |
| 4.3 |
| 4.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.2 |
| 0.3 |
| - |
| - |
| - |
| (0.0) |
| - |
| - |
| - |
| (0.4) |
| (1.7) |
| (1.6) |
| (1.7) |
| (1.6) |
| (1.7) |
| (2.9) |
| (4.6) |
| (2.5) |
| (3.0) |
| (3.0) |
| (3.3) |
| (4.9) |
| (4.2) |
| (6.3) |
| (5.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (3.9) |
| (0.3) |
| (2.4) |
| (5.2) |
| (3.7) |
| (13.7) |
| 3.6 |
| (5.2) |
| 6.1 |
| 18.1 |
| 3.4 |
| (8.7) |
| 4.6 |
| (22.3) |
| (24.0) |
| (31.7) |
| (26.4) |
| (31.0) |
| (21.9) |
| (40.3) |
| (27.6) |
| (15.8) |
| (20.8) |
| (37.0) |
| (49.1) |
| (32.3) |
| (52.9) |
| (203.4) |
| (73.1) |
| (68.0) |
| (51.5) |
| 16.7 |
| (41.7) |
| (20.5) |
| (32.9) |
| (45.5) |
| (30.4) |
| (50.6) |
| (25.0) |
| (29.8) |
| (20.1) |
| (21.8) |
| (39.7) |
| (27.5) |
| (15.7) |
| (20.8) |
| (36.1) |
| (49.1) |
| (32.1) |
| (51.5) |
| (202.1) |
| (58.7) |
| (66.8) |
| (47.4) |
| 22.2 |
| (40.8) |
| (19.7) |
| (32.4) |
| (44.9) |
| (30.0) |
| (50.0) |
| 6.7 |
| (3.4) |
| 10.9 |
| 4.5 |
| (1.3) |
| (2.0) |
| (27.6) |
| (35.2) |
| (133.1) |
| (4.6) |
| (6.6) |
| (9.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (25.0) |
| (29.8) |
| (20.1) |
| (17.3) |
| (41.7) |
| (29.5) |
| (43.4) |
| (56.0) |
| (169.2) |
| (53.6) |
| (38.9) |
| (62.1) |
| (341.7) |
| (58.7) |
| (66.8) |
| (47.4) |
| (33.9) |
| (40.8) |
| (19.7) |
| (32.4) |
| (44.9) |
| (30.0) |
| (50.0) |
| (19.3) |
| (25.0) |
| (29.8) |
| (20.1) |
| (17.3) |
| (41.7) |
| (29.5) |
| (43.4) |
| (56.0) |
| (169.2) |
| (53.6) |
| (38.8) |
| (60.7) |
| (340.5) |
| (57.3) |
| (65.4) |
| (46.2) |
| (27.3) |
| (39.7) |
| (18.7) |
| (31.4) |
| (44.1) |
| (29.0) |
| (49.1) |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| (0.2) |
| (1.4) |
| (1.3) |
| (1.4) |
| (1.4) |
| (1.2) |
| (6.7) |
| (1.1) |
| (1.0) |
| (1.0) |
| (0.8) |
| (1.0) |
| (1.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (17.6) |
| (19.3) |
| (25.0) |
| (29.8) |
| (20.1) |
| (17.3) |
| (41.7) |
| (29.5) |
| (43.4) |
| (56.0) |
| (169.2) |
| (53.6) |
| (38.8) |
| (60.7) |
| (340.5) |
| (57.3) |
| (65.4) |
| (46.2) |
| (27.3) |
| (39.7) |
| (18.7) |
| (31.4) |
| (44.1) |
| (29.0) |
| (49.1) |
| (0.15) |
| (0.10) |
| (0.09) |
| - |
| (0.18) |
| (0.26) |
| (0.35) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 199.2 |
| 199.0 |
| 193.5 |
| - |
| 165.5 |
| 164.1 |
| 160.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 199.2 |
| 199.0 |
| 193.5 |
| - |
| 165.5 |
| 164.1 |
| 160.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (48.6) |
| (37.4) |
| (58.7) |
| (336.8) |
| (66.5) |
| (49.7) |
| (52.7) |
| (26.5) |
| (44.7) |
| (35.3) |
| (31.4) |
| (32.6) |
| (28.8) |
| (23.2) |