| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||
| Research & Development | 34.1 | 35.4 | 18.6 | 9.4 | 25.2 | 60.8 | 61.3 | 30.2 | 10.1 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | (57.8) | (58.1) | (57.3) | (34.6) | (52.0) | (90.3) | (78.9) | (39.2) | (12.1) |
| Non-Operating | |||||||||
| Interest Income | 1.0 | 1.2 | 2.9 | 3.5 | 1.1 | 0.6 | 2.0 | 2.2 | 0.8 |
| Interest Expense | - | - | - | - | - | ||||
| Tax & Net | |||||||||
| Income Tax Expense | (2.2) | 3.2 | 0.1 | (0.2) | (0.3) | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (33.0) | (84.0) | (56.8) | (31.4) | |||||
| Per Share | |||||||||
| EPS Basic | (3.96) | (1.68) | (1.31) | (0.84) | (1.54) | (3.03) | - | - | - |
| EPS Diluted | (3.93) | (1.68) | (1.31) | (0.84) | (1.54) | ||||
| Supplementary Data | |||||||||
| EBITDA | - | (57.9) | (57.1) | (34.3) | (51.8) | (90.0) | (78.6) | (39.0) | (12.1) |
| EBIT | (57.8) | (58.1) | (57.3) | (34.6) | (52.0) | ||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Research & Development | 6.8 | 12.6 | 8.1 | 6.6 | 8.1 | 5.8 | 4.9 | 4.1 | 3.7 | 3.4 | 1.4 | 1.4 | 3.2 | 2.8 | 2.5 | 7.2 | 12.8 | 15.2 | 14.0 | 14.7 | 16.8 | 15.9 | 17.0 | 14.1 | 14.4 | 10.0 | 8.3 | 7.1 | 4.8 | 3.1 | 2.3 | 2.3 | 2.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| General & Administrative | 4.3 | 3.6 | 3.3 | 3.3 | 4.8 | 4.3 | 3.6 | 4.7 | 5.0 | 5.0 | 4.7 | 4.2 | 3.8 | 3.5 | 4.3 | 9.1 | 9.1 | ||||||||||||||||
| Depreciation & Amortization | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | |||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Total Operating Expenses | 14.6 | 19.4 | 13.4 | 10.4 | 14.9 | 12.0 | 5.9 | 28.2 | 11.2 | 10.0 | 6.1 | 5.6 | 13.0 | 6.3 | 7.6 | 16.3 | |||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | (14.6) | (19.4) | (13.4) | (10.4) | (14.9) | (12.0) | (5.9) | (28.2) | (11.2) | (10.0) | (6.1) | (5.6) | (13.0) | (6.3) | (7.6) | (16.3) | (21.9) | (23.5) | (21.7) | (21.8) | (23.3) | (20.9) | (21.9) | (18.3) | (17.9) | (12.9) | (10.6) | (9.6) | (6.1) | (3.8) | (2.9) | (2.6) | (2.8) |
| Non-Operating | |||||||||||||||||||||||||||||||||
| Interest Income | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.5 | 0.7 | 0.8 | 0.9 | 1.0 | 1.0 | 0.8 | 0.7 | 0.5 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 | 0.7 | 0.7 | 0.6 | 0.7 | 0.5 | 0.4 | - | 0.4 | 0.1 | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Other Non-Operating Income | 1.7 | 0.7 | (0.1) | (0.0) | (0.1) | (0.5) | 0.2 | 0.1 | (0.4) | 0.5 | (0.2) | (0.1) | (0.2) | 0.2 | (0.6) | (0.7) | 0.2 | ||||||||||||||||
| Pre-Tax Income | - | - | - | - | (15.0) | - | - | - | (11.1) | - | - | - | - | - | - | - | - | ||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||
| Income Tax Expense | (5.3) | 3.1 | (0.0) | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | (0.2) | 0.0 | 0.0 | (0.3) | 0.0 | - | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | 35.9 | (39.5) | (13.4) | (16.0) | (15.0) | (12.5) | (5.5) | (27.7) | (11.1) | (8.9) | (5.4) | (4.9) | (12.3) | (5.5) | (7.9) | (16.6) | (21.6) | ||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Net Income | 35.9 | (39.5) | (13.4) | (16.0) | (15.0) | (12.5) | (5.5) | (27.7) | (11.1) | (8.9) | (5.4) | (4.9) | (12.3) | (5.5) | (7.9) | (16.6) | (21.6) | ||||||||||||||||
| Net Income Attributable To Parent | 35.9 | (39.5) | (13.4) | (16.0) | (15.0) | (12.5) | (5.5) | (27.7) | (11.1) | (8.9) | (5.4) | (4.9) | (12.3) | (5.5) | (7.9) | (16.6) | |||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Net Income To Common Shareholders | 32.8 | (39.5) | (13.4) | (16.0) | (15.0) | (12.5) | (5.5) | (27.7) | (11.1) | (8.9) | (5.4) | (4.9) | (12.3) | (5.5) | (7.9) | ||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||
| EPS Basic | 3.60 | - | (0.25) | (0.34) | (3.42) | - | (0.13) | (0.64) | (0.26) | - | (0.15) | (0.14) | (0.34) | - | (0.22) | (0.51) | (0.72) | - | (0.73) | (0.74) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | 2.88 | - | (0.25) | (0.34) | (3.42) | - | (0.13) | (0.64) | (0.26) | - | (0.15) | (0.14) | (0.34) | - | (0.22) | (0.51) | (0.72) | - | |||||||||||||||
| Shares Basic | 9.1 | - | 54.0 | 46.7 | 4.4 | - | 43.2 | 43.1 | 43.0 | - | 36.1 | 35.9 | 35.9 | - | 35.6 | 32.5 | 30.1 | - | |||||||||||||||
| Shares Diluted | 9.2 | - | 54.0 | 46.7 | 4.4 | - | 43.2 | 43.1 | 43.0 | - | 36.1 | 35.9 | 35.9 | - | 35.6 | 32.5 | 30.1 | - | |||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||
| EBITDA | (14.6) | - | - | - | (14.8) | - | - | - | (11.2) | - | - | - | (12.9) | - | - | - | (21.8) | - | - | - | (23.2) | - | - | - | (17.8) | - | - | - | (6.1) | - | - | - | (2.8) |
| EBIT | (14.6) | (19.4) | (13.4) | (10.4) | (14.9) | (12.0) | (5.9) | (28.2) | (11.2) | (10.0) | (6.1) | (5.6) | (13.0) | (6.3) | (7.6) | (16.3) | (21.9) | (23.5) | (21.7) | ||||||||||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | 14.5 | 15.0 | 17.6 | 17.7 | 26.0 | 29.5 | 17.6 | 9.0 | 2.0 |
| Depreciation & Amortization | - | 0.1 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 57.8 | 58.1 | 57.3 | 34.6 | 52.0 | 90.3 | 78.9 | 39.2 | 12.1 |
| - |
| - |
| - |
| 1.0 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 2.3 | 0.5 | (0.7) | (0.1) | (1.0) | (0.2) | 0.0 | 0.0 | - |
| Pre-Tax Income | - | (80.8) | (56.7) | (31.6) | (51.9) | (89.9) | (76.8) | (37.0) | - |
| (51.7) |
| (89.9) |
| (76.8) |
| (37.0) |
| (12.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (33.0) | (84.0) | (56.8) | (31.4) | (51.7) | (89.9) | (76.8) | (37.0) | (12.5) |
| Net Income Attributable To Parent | (33.0) | (84.0) | (56.8) | (31.4) | (51.7) | (89.9) | (76.8) | (37.0) | (12.5) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (36.2) | (84.0) | (56.8) | (31.4) | (51.7) | (89.9) | (76.8) | (37.0) | (12.5) |
| (3.03) |
| - |
| - |
| - |
| Shares Basic | 9.1 | 50.1 | 43.3 | 37.2 | 33.5 | 29.7 | - | - | - |
| Shares Diluted | 9.2 | 50.1 | 43.3 | 37.2 | 33.5 | 29.7 | - | - | - |
| (90.3) |
| (78.9) |
| (39.2) |
| (12.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 8.3 |
| 7.6 |
| 7.1 |
| 6.5 |
| 5.0 |
| 4.9 |
| 4.2 |
| 3.5 |
| 2.9 |
| 2.3 |
| 2.5 |
| 1.3 |
| 0.7 |
| 0.6 |
| 0.4 |
| 0.3 |
| 0.0 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 21.9 |
| 23.5 |
| 21.7 |
| 21.8 |
| 23.3 |
| 20.9 |
| 21.9 |
| 18.3 |
| 17.9 |
| 12.9 |
| 10.6 |
| 9.6 |
| 6.1 |
| 3.8 |
| 2.9 |
| 2.6 |
| 2.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.4 |
| 0.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| (0.2) |
| (0.1) |
| 0.0 |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (23.4) |
| (21.7) |
| (21.8) |
| (23.1) |
| (20.6) |
| (21.5) |
| (17.6) |
| (17.2) |
| (12.4) |
| (9.9) |
| (9.1) |
| (5.7) |
| (3.5) |
| (2.5) |
| (3.1) |
| (3.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (23.4) |
| (21.7) |
| (21.8) |
| (23.1) |
| (20.6) |
| (21.5) |
| (17.6) |
| (17.2) |
| (12.4) |
| (9.9) |
| (9.1) |
| (5.7) |
| (3.5) |
| (2.5) |
| (3.1) |
| (3.4) |
| (21.6) |
| (23.4) |
| (21.7) |
| (21.8) |
| (23.1) |
| (20.6) |
| (21.5) |
| (17.6) |
| (17.2) |
| (12.4) |
| (9.9) |
| (9.1) |
| (5.7) |
| (3.5) |
| (2.5) |
| (3.1) |
| (3.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (16.6) |
| (21.6) |
| (23.4) |
| (21.7) |
| (21.8) |
| (23.1) |
| (20.6) |
| (21.5) |
| (17.6) |
| (17.2) |
| (12.4) |
| (9.9) |
| (9.1) |
| (5.7) |
| (3.5) |
| (2.5) |
| (3.1) |
| (3.4) |
| (0.73) |
| (0.74) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 29.8 |
| 29.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 29.8 |
| 29.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (21.8) |
| (23.3) |
| (20.9) |
| (21.9) |
| (18.3) |
| (17.9) |
| (12.9) |
| (10.6) |
| (9.6) |
| (6.1) |
| (3.8) |
| (2.9) |
| (2.6) |
| (2.8) |