| (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 | Q3 FY 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||
| Revenues | - | 0.0 | 0.0 | 0.0 | 0.0 | 7.5 | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.8 | 0.7 | 0.0 | 0.0 | 0.0 | ||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | - | 0.0 | 8.6 | 2.4 | 0.0 | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||
| Research & Development | 284.3 | 267.1 | 152.4 | 86.8 | 155.0 | 120.3 | 45.0 | 29.6 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (357.3) | (326.2) | (200.2) | (126.4) | (215.0) | (167.3) | (62.0) | (35.8) |
| Non-Operating | ||||||||
| Interest Income | - | - | - | - | 1.0 | 0.3 | 0.1 | 0.2 |
| Interest Expense | - | - | - | - | - | - | ||
| Tax & Net | ||||||||
| Income Tax Expense | - | 0.5 | - | - | - | 0.0 | (0.0) | (0.1) |
| Net Income From Continuing Ops | (326.5) | (303.3) | (182.8) | (123.3) | (214.0) | |||
| Per Share | ||||||||
| EPS Basic | (11.31) | (13.48) | (10.21) | (18.69) | (69.65) | (3.94) | (7.86) | - |
| EPS Diluted | (11.31) | (13.48) | (10.21) | (18.69) | (69.65) | (3.94) | ||
| Supplementary Data | ||||||||
| EBITDA | - | (326.1) | (199.8) | (125.9) | (214.6) | (167.2) | (61.9) | (35.8) |
| EBIT | (357.3) | (326.2) | (200.2) | (126.4) | (215.0) | (167.3) | ||
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||
| Research & Development | 78.0 | 77.5 | 65.8 | 63.0 | 60.8 | 56.3 | 41.9 | 27.3 | 27.0 | 18.4 | 17.3 | 25.6 | 25.5 | 28.3 | 30.4 | 43.6 | 52.7 | 43.5 | 33.1 | 25.7 | 17.9 | 16.3 | 12.8 | 9.1 | 6.9 | 9.3 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| General & Administrative | 27.9 | 19.5 | 12.6 | 13.1 | 13.9 | 15.1 | 15.3 | 10.6 | 15.3 | 9.9 | 8.7 | 10.1 | 13.3 | 13.1 | 13.9 | 16.8 | 16.2 | |||||||||
| Depreciation & Amortization | 0.0 | - | - | - | 0.0 | - | - | - | 0.1 | - | - | - | 0.1 | - | - | - | ||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Total Operating Expenses | 105.9 | 97.0 | 78.4 | 76.1 | 74.7 | 71.4 | 57.1 | 37.8 | 42.3 | 28.3 | 26.0 | 35.7 | 38.8 | 41.5 | 44.3 | 60.4 | ||||||||||
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (105.9) | (97.0) | (78.4) | (76.1) | (74.7) | (64.0) | (56.8) | (37.5) | (41.9) | (27.8) | (25.5) | (35.0) | (38.1) | (41.5) | (44.3) | (60.4) | (68.8) | (58.7) | (44.8) | (36.5) | (27.4) | (25.7) | (16.2) | (11.6) | (8.5) | (10.7) |
| Non-Operating | ||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | - | 0.0 | - | 0.1 | 0.0 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Other Non-Operating Income | 13.3 | 8.1 | 4.4 | 4.9 | 5.4 | 5.3 | 4.9 | 4.8 | 2.3 | 0.9 | 0.9 | 0.6 | 0.6 | 0.3 | 0.3 | 0.2 | 0.1 | |||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (43.9) | - | - | |||||||||
| Tax & Net | ||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | - | - | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | - |
| Net Income From Continuing Ops | (92.6) | (88.9) | (73.9) | (71.1) | (69.3) | (58.7) | (51.9) | (32.7) | (39.6) | (26.9) | (24.6) | (34.3) | (37.5) | (41.2) | (43.9) | (60.2) | (68.7) | |||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income | (92.6) | (88.9) | (73.9) | (71.1) | (69.3) | (58.7) | (51.9) | (32.7) | (39.6) | (26.9) | (24.6) | (34.3) | (37.5) | (41.2) | (43.9) | (60.2) | (68.7) | |||||||||
| Net Income Attributable To Parent | (92.6) | (88.9) | (73.9) | (71.1) | (69.3) | (58.7) | (51.9) | (32.7) | (39.6) | (26.9) | (24.6) | (34.3) | (37.5) | (41.2) | (43.9) | (60.2) | ||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Net Income To Common Shareholders | (92.6) | (88.9) | (73.9) | (71.1) | (69.3) | (58.7) | (51.9) | (32.7) | (39.6) | (26.9) | (24.6) | (34.3) | (37.5) | (41.2) | (43.9) | |||||||||||
| Per Share | ||||||||||||||||||||||||||
| EPS Basic | (3.20) | - | (3.36) | (3.31) | (3.29) | - | (2.75) | (1.74) | (2.84) | - | (2.72) | (7.38) | (10.58) | - | (0.96) | (1.32) | (1.51) | - | (1.00) | (0.88) | (0.71) | - | (12.10) | (8.28) | - | - |
| EPS Diluted | (3.20) | - | (3.36) | (3.31) | (3.29) | - | (2.75) | (1.74) | (2.84) | - | (2.72) | (7.38) | (10.58) | - | (0.96) | (1.32) | (1.51) | - | ||||||||
| Shares Basic | 28.9 | - | 22.0 | 21.5 | 21.1 | - | 18.9 | 18.8 | 13.9 | - | 9.0 | 4.6 | 3.5 | - | 45.8 | 45.5 | 45.5 | - | ||||||||
| Shares Diluted | 28.9 | - | 22.0 | 21.5 | 21.1 | - | 18.9 | 18.8 | 13.9 | - | 9.0 | 4.6 | 3.5 | - | 45.8 | 45.5 | 45.5 | - | ||||||||
| Supplementary Data | ||||||||||||||||||||||||||
| EBITDA | (105.8) | - | - | - | (74.7) | - | - | - | (41.8) | - | - | - | (38.0) | - | - | - | (68.8) | - | - | - | (27.4) | - | - | - | (8.5) | - |
| EBIT | (105.9) | (97.0) | (78.4) | (76.1) | (74.7) | (64.0) | (56.8) | (37.5) | (41.9) | (27.8) | (25.5) | (35.0) | (38.1) | (41.5) | (44.3) | (60.4) | (68.8) | (58.7) | (44.8) | |||||||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 73.0 | 59.1 | 56.3 | 42.1 | 59.9 | 47.1 | 17.0 | 6.2 |
| Depreciation & Amortization | - | 0.1 | 0.4 | 0.4 | 0.4 | 0.2 | 0.1 | 0.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 357.3 | 326.2 | 208.7 | 128.8 | 215.0 | 167.3 | 62.0 | 35.8 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 30.8 | 22.9 | 17.3 | 3.1 | 1.0 | 0.3 | 0.1 | 0.2 |
| Pre-Tax Income | - | (302.8) | (182.7) | (123.0) | - | (167.1) | (61.8) | (35.6) |
| (167.1) |
| (61.8) |
| (35.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (326.5) | (303.3) | (182.8) | (123.3) | (214.0) | (167.1) | (61.8) | (35.5) |
| Net Income Attributable To Parent | (326.5) | (303.3) | (182.8) | (123.3) | (214.0) | (167.1) | (61.8) | (35.5) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (326.5) | (303.3) | (182.8) | (123.3) | (214.0) | (167.1) | (70.3) | (40.7) |
| (7.86) |
| - |
| Shares Basic | 28.9 | 22.5 | 17.9 | 6.6 | 3.1 | 42.5 | 9.0 | - |
| Shares Diluted | 28.9 | 22.5 | 17.9 | 6.6 | 3.1 | 42.5 | 9.0 | - |
| (62.0) |
| (35.8) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 15.1 |
| 11.6 |
| 10.8 |
| 9.5 |
| 9.4 |
| 3.4 |
| 2.5 |
| 1.6 |
| 1.3 |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 68.8 |
| 58.7 |
| 44.8 |
| 36.5 |
| 27.4 |
| 25.7 |
| 16.2 |
| 11.6 |
| 8.5 |
| 10.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.0 |
| (58.6) |
| (44.7) |
| (36.4) |
| (27.4) |
| (25.7) |
| (16.2) |
| (11.6) |
| (8.3) |
| (10.6) |
| (58.6) |
| (44.7) |
| (36.4) |
| (27.4) |
| (25.7) |
| (16.2) |
| (11.6) |
| (8.3) |
| (10.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (58.6) |
| (44.7) |
| (36.4) |
| (27.4) |
| (25.7) |
| (16.2) |
| (11.6) |
| (8.3) |
| (10.6) |
| (68.7) |
| (58.6) |
| (44.7) |
| (36.4) |
| (27.4) |
| (25.7) |
| (16.2) |
| (11.6) |
| (8.3) |
| (10.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (60.2) |
| (68.7) |
| (58.6) |
| (44.7) |
| (36.4) |
| (27.4) |
| (26.7) |
| (20.2) |
| (13.6) |
| (9.9) |
| (11.9) |
| (1.00) |
| (0.88) |
| (0.71) |
| - |
| (12.10) |
| (8.28) |
| - |
| - |
| 44.7 |
| 41.6 |
| 38.5 |
| - |
| 1.7 |
| 1.6 |
| - |
| - |
| 44.7 |
| 41.6 |
| 38.5 |
| - |
| 1.7 |
| 1.6 |
| - |
| - |
| (36.5) |
| (27.4) |
| (25.7) |
| (16.2) |
| (11.6) |
| (8.5) |
| (10.7) |