| (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 | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 1.3 | 2.0 | 1.5 | 5.0 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | - | 0.0 | 0.0 | 1.6 | 9.7 | 7.6 | 41.8 | 57.1 |
| Cost of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||
| Research & Development | 79.3 | 109.2 | 169.3 | 127.8 | 96.9 | 77.5 | 66.2 | 47.4 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (119.2) | (156.4) | (228.4) | (184.1) | (127.2) | (97.5) | (41.6) | (1.2) |
| Non-Operating | ||||||||
| Interest Income | - | - | - | - | - | - | 0.5 | 0.8 |
| Interest Expense | 1.8 | 2.6 | 3.0 | 1.3 | 0.8 | 0.0 | ||
| Tax & Net | ||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (113.2) | (149.3) | (210.3) | (161.3) | (123.3) | |||
| Per Share | ||||||||
| EPS Basic | (1.83) | (2.43) | (3.47) | (2.75) | (2.94) | (2.71) | (1.95) | (4.22) |
| EPS Diluted | (1.83) | (2.43) | (3.47) | (2.75) | (2.94) | (2.71) | ||
| Supplementary Data | ||||||||
| EBITDA | (117.7) | (154.7) | (226.2) | (182.3) | (125.4) | (96.0) | (40.3) | (0.1) |
| EBIT | (119.2) | (156.4) | (228.4) | (184.1) | (127.2) | (97.5) | ||
| 1.2 |
| 2.0 |
| 1.6 |
| 1.8 |
| 2.2 |
| 4.5 |
| 4.8 |
| 3.6 |
| 28.9 |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 13.6 | 15.6 | 17.9 | 32.2 | 43.4 | 38.8 | 47.8 | 45.6 | 37.1 | 33.2 | 32.3 | 33.0 | 29.3 | 25.1 | 24.6 | 26.3 | 20.9 | 18.8 | 21.1 | 19.2 | 18.5 | 17.9 | 16.9 | 17.5 | 13.9 | - | 10.8 | 13.1 | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | 8.2 | 8.0 | 10.3 | 13.4 | 15.5 | 14.5 | 14.3 | 15.0 | 15.2 | 13.9 | 15.3 | 14.6 | 14.2 | 14.3 | 8.8 | 8.3 | 8.6 | ||||||||||||
| Depreciation & Amortization | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 | |||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 21.8 | 23.6 | 28.3 | 45.6 | 58.9 | 53.3 | 62.0 | 60.6 | 52.4 | 47.0 | 47.7 | 47.6 | 43.4 | 39.4 | 33.4 | 34.6 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (21.8) | (23.6) | (28.3) | (45.6) | (58.9) | (53.3) | (62.0) | (60.6) | (52.4) | (47.0) | (47.7) | (47.3) | (42.1) | (37.4) | (31.9) | (29.6) | (28.2) | (24.6) | (27.1) | (22.9) | (22.9) | (19.0) | (16.7) | (17.0) | 11.0 | - | (13.4) | (15.7) | - |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1 | 0.1 | - | - | 0.1 | 0.2 | - |
| Interest Expense | 0.0 | 0.1 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.0 | - | |||||||||||
| 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 | - | - | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | (20.0) | (23.6) | (26.3) | (43.3) | (56.2) | (49.7) | (57.8) | (55.9) | (47.0) | (41.1) | (41.5) | (41.2) | (37.5) | (35.1) | (30.6) | (29.5) | (28.1) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (20.0) | (23.6) | (26.3) | (43.3) | (56.2) | (49.7) | (57.8) | (55.9) | (47.0) | (41.1) | (41.5) | (41.2) | (37.5) | (35.1) | (30.6) | (29.5) | (28.1) | ||||||||||||
| Net Income Attributable To Parent | (20.0) | (23.6) | (26.3) | (43.3) | (56.2) | (49.7) | (57.8) | (55.9) | (47.0) | (41.1) | (41.5) | (41.2) | (37.5) | (35.1) | (30.6) | (29.5) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (20.0) | (23.6) | (26.3) | (43.3) | (56.2) | (49.7) | (57.8) | (55.9) | (47.0) | (41.1) | (41.5) | (41.2) | (37.5) | (35.1) | (30.6) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (0.32) | - | (0.43) | (0.71) | (0.92) | - | (0.95) | (0.92) | (0.78) | - | (0.70) | (0.70) | (0.67) | - | (0.65) | (0.82) | (0.78) | - | (0.75) | (0.64) | (0.64) | - | (0.47) | (1.39) | 0.00 | - | (8.53) | (10.82) | - |
| EPS Diluted | (0.32) | - | (0.43) | (0.71) | (0.92) | - | (0.95) | (0.92) | (0.78) | - | (0.70) | (0.70) | (0.67) | - | (0.65) | (0.82) | (0.78) | - | |||||||||||
| Shares Basic | 61.8 | - | 61.4 | 61.4 | 61.2 | - | 60.7 | 60.4 | 60.2 | - | 59.7 | 59.2 | 56.1 | - | 46.8 | 36.2 | 36.1 | - | |||||||||||
| Shares Diluted | 61.8 | - | 61.4 | 61.4 | 61.2 | - | 60.7 | 60.4 | 60.2 | - | 59.7 | 59.2 | 56.1 | - | 46.8 | 36.2 | 36.1 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (21.5) | (23.1) | (27.9) | (45.2) | (58.5) | (52.8) | (61.5) | (60.0) | (51.9) | (46.5) | (47.2) | (46.9) | (41.6) | (36.9) | (31.4) | (29.2) | (27.8) | (24.2) | (26.7) | (22.5) | (22.6) | (18.6) | (16.4) | (16.7) | 11.3 | - | (13.1) | (15.5) | - |
| EBIT | (21.8) | (23.6) | (28.3) | (45.6) | (58.9) | (53.3) | (62.0) | (60.6) | (52.4) | (47.0) | (47.7) | (47.3) | (42.1) | (37.4) | (31.9) | (29.6) | (28.2) | (24.6) | (27.1) | ||||||||||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 39.9 | 47.2 | 59.1 | 57.9 | 39.9 | 27.6 | 17.3 | 10.9 |
| Depreciation & Amortization | 1.5 | 1.7 | 2.1 | 1.8 | 1.8 | 1.5 | 1.3 | 1.1 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 119.2 | 156.4 | 228.4 | 185.7 | 136.9 | 105.1 | 83.5 | 58.3 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - | - | (0.4) | (0.2) |
| Pre-Tax Income | - | - | - | - | - | - | - | - |
| (97.3) |
| (41.5) |
| (0.6) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (113.2) | (149.3) | (210.3) | (161.3) | (123.3) | (97.3) | (41.5) | (0.6) |
| Net Income Attributable To Parent | (113.2) | (149.3) | (210.3) | (161.3) | (123.3) | (97.3) | (41.5) | (0.6) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | 0.0 | 0.0 | 6.2 |
| Net Income To Common Shareholders | (113.2) | (149.3) | (210.3) | (161.3) | (123.3) | (97.3) | (41.5) | (6.9) |
| (1.95) |
| (4.22) |
| Shares Basic | 61.8 | 61.4 | 60.5 | 58.7 | 42.0 | 35.8 | 21.3 | 1.6 |
| Shares Diluted | 61.8 | 61.4 | 60.5 | 58.7 | 42.0 | 35.8 | 21.3 | 1.6 |
| (41.6) |
| (1.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.8 |
| 7.7 |
| 5.5 |
| 6.6 |
| 5.6 |
| 4.6 |
| 3.0 |
| 4.0 |
| - |
| 2.6 |
| 2.6 |
| - |
| 0.5 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.3 |
| 0.3 |
| 0.3 |
| - |
| 0.3 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 29.5 |
| 26.6 |
| 28.7 |
| 24.7 |
| 25.1 |
| 23.5 |
| 21.5 |
| 20.6 |
| 17.9 |
| - |
| 13.4 |
| 15.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| (0.1) |
| - |
| - |
| (0.0) |
| (0.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (24.5) |
| (27.0) |
| (22.8) |
| (22.9) |
| (19.0) |
| (16.5) |
| (17.0) |
| 11.0 |
| 42.2 |
| (13.3) |
| (15.5) |
| (14.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (24.5) |
| (27.0) |
| (22.8) |
| (22.9) |
| (19.0) |
| (16.5) |
| (17.0) |
| 11.0 |
| 42.2 |
| (13.3) |
| (15.5) |
| (14.0) |
| (28.1) |
| (24.5) |
| (27.0) |
| (22.8) |
| (22.9) |
| (19.0) |
| (16.5) |
| (17.0) |
| 11.0 |
| 42.2 |
| (13.3) |
| (15.5) |
| (14.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.4 |
| 1.4 |
| - |
| (29.5) |
| (28.1) |
| (24.5) |
| (27.0) |
| (22.8) |
| (22.9) |
| (8.0) |
| (16.5) |
| (17.0) |
| 0.0 |
| 38.7 |
| (14.6) |
| (16.9) |
| (14.0) |
| (0.75) |
| (0.64) |
| (0.64) |
| - |
| (0.47) |
| (1.39) |
| 0.00 |
| - |
| (8.53) |
| (10.82) |
| - |
| 35.9 |
| 35.7 |
| 35.6 |
| - |
| 35.4 |
| 12.3 |
| 1.9 |
| - |
| 1.7 |
| 1.6 |
| - |
| 35.9 |
| 35.7 |
| 35.6 |
| - |
| 35.4 |
| 12.3 |
| 1.9 |
| - |
| 1.7 |
| 1.6 |
| - |
| (22.9) |
| (22.9) |
| (19.0) |
| (16.7) |
| (17.0) |
| 11.0 |
| - |
| (13.4) |
| (15.7) |
| - |