| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||||
| Revenues | 36.4 | 43.9 | 40.2 | 24.5 | 30.3 | 35.2 | 35.8 | 34.4 | 32.1 | 31.5 | 31.6 | 30.8 | 28.5 | 25.8 | 26.6 | 23.5 | |||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | 145.0 | 138.9 | 137.4 | 122.4 | 105.5 | 110.6 | 86.4 | 56.7 | 37.6 | 22.9 | 17.6 |
| Cost of Revenue | 79.3 | 73.9 | 54.3 | 48.1 | 60.2 | 45.8 | 38.2 | 29.9 | 19.7 | 12.9 | 9.8 |
| Gross Profit | 65.7 | 65.0 | 83.1 | 74.2 | 45.4 | 64.8 | 48.2 | 26.8 | 17.9 | 10.0 | 7.7 |
| Operating Expenses | |||||||||||
| Research & Development | 33.2 | 35.9 | 31.1 | 26.1 | 26.8 | 28.4 | 20.2 | 16.2 | 15.8 | 16.3 | 17.0 |
| Selling General & Administrative | 136.6 | 138.0 | |||||||||
| Operating Income | |||||||||||
| Operating Income | (140.5) | (125.5) | (52.6) | (46.0) | (104.3) | (56.5) | (31.6) | (41.6) | (31.6) | (26.0) | (21.7) |
| Non-Operating | |||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | ||||||||
| Tax & Net | |||||||||||
| Income Tax Expense | (2.2) | (5.1) | 0.4 | 0.7 | 0.2 | (0.0) | (0.4) | (0.2) | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | (104.2) | (107.2) | |||||||||
| Per Share | |||||||||||
| EPS Basic | (2.22) | (2.51) | (1.00) | (0.75) | (2.69) | (1.54) | (1.07) | (1.63) | - | - | - |
| EPS Diluted | (2.22) | (2.51) | (1.00) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | - | (118.5) | (47.8) | (41.3) | (100.8) | (53.7) | (29.4) | (40.0) | (30.9) | (25.5) | - |
| EBIT | (140.5) | (125.5) | (52.6) | ||||||||
| 29.6 |
| 30.3 |
| 27.7 |
| 25.4 |
| 27.2 |
| 26.1 |
| 31.4 |
| 13.1 |
| 15.7 |
| 15.9 |
| 14.9 |
| 13.5 |
| 12.3 |
| 10.9 |
| 10.6 |
| 8.6 |
| 7.5 |
| 6.6 |
| 5.7 |
| 5.2 |
| 5.3 |
| Cost of Revenue | 20.8 | 22.2 | 23.0 | 13.2 | 15.5 | 13.0 | 15.7 | 12.1 | 13.5 | 12.1 | 12.2 | 11.4 | 12.5 | 14.7 | 15.7 | 14.8 | 15.0 | 11.0 | 12.4 | 11.5 | 10.9 | 11.1 | 10.3 | 7.9 | 8.9 | 9.1 | 7.9 | 6.6 | 6.3 | 5.7 | 5.0 | 4.7 | 4.3 | 6.1 | 3.2 | 1.8 | 1.8 |
| Gross Profit | 15.6 | 21.6 | 17.2 | 11.3 | 14.8 | 22.2 | 20.2 | 22.2 | 18.5 | 19.4 | 19.4 | 19.4 | 16.0 | 11.1 | 10.9 | 8.7 | 14.6 | 19.3 | 15.2 | 13.9 | 16.3 | 15.1 | 21.1 | 5.2 | 6.8 | 6.9 | 7.0 | 6.9 | 6.0 | 5.2 | 5.6 | 4.0 | 3.2 | 0.5 | 2.6 | 3.4 | 3.5 |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| Research & Development | 7.3 | 8.8 | 8.0 | 9.1 | 10.0 | 8.1 | 8.1 | 8.2 | 6.7 | 7.2 | 7.7 | 6.1 | 5.0 | 6.5 | 6.6 | 6.6 | 7.0 | 8.1 | 6.8 | 6.8 | 6.7 | 6.2 | 5.4 | 4.3 | 4.3 | 4.4 | 3.9 | 4.0 | 3.9 | 4.0 | 4.4 | 3.7 | 3.6 | 3.9 | 4.2 | 3.9 | 4.3 |
| Selling General & Administrative | 29.8 | 36.4 | 39.1 | 31.4 | 31.2 | 28.6 | 22.9 | 24.1 | 26.0 | 23.5 | 23.6 | 21.3 | 20.8 | 19.1 | 20.0 | 27.0 | |||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Amortization of Intangibles | 3.3 | 3.4 | 3.0 | 0.6 | 0.6 | - | 1.0 | 0.4 | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Total Operating Expenses | 56.9 | 46.4 | 54.5 | 48.4 | 41.2 | 36.9 | 31.9 | 33.2 | 33.7 | 33.0 | 32.2 | 28.4 | 26.6 | 35.7 | 47.5 | 33.7 | |||||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (41.4) | (24.8) | (37.3) | (37.1) | (26.4) | (14.8) | (11.7) | (10.9) | (15.2) | (13.6) | (12.8) | (9.0) | (10.6) | (24.5) | (36.6) | (25.0) | (18.2) | (17.8) | (15.2) | (13.7) | (9.8) | (9.9) | 2.3 | (12.2) | (11.7) | (11.5) | (10.2) | (10.5) | (9.4) | (9.4) | (7.7) | (7.3) | (7.2) | (7.1) | (6.4) | (6.5) | (6.1) |
| Non-Operating | |||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Non-Operating Income | 21.4 | 0.2 | (0.2) | 0.0 | 0.1 | (0.4) | 0.0 | (0.0) | 0.2 | 0.6 | 2.1 | (0.2) | (0.0) | 0.4 | (0.1) | (0.4) | (0.2) | ||||||||||||||||||||
| Pre-Tax Income | (17.5) | (22.8) | (36.0) | (30.1) | (23.4) | (11.6) | (8.2) | (7.3) | (11.0) | (8.7) | (6.5) | (5.3) | (7.1) | (21.3) | (35.0) | (24.8) | |||||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||||
| Income Tax Expense | (0.0) | 0.3 | (2.5) | (0.1) | (2.9) | (0.0) | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | (0.2) | (0.1) | 0.0 | 0.0 | (0.0) | (0.1) | (0.1) | (0.0) | (0.1) | (0.1) | (0.1) | 0.0 | 0.0 | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (17.5) | (23.1) | (33.5) | (30.0) | (20.5) | (11.6) | (8.4) | (7.4) | (11.2) | (8.8) | (6.7) | (5.6) | (7.3) | (21.5) | (35.1) | (24.9) | (18.2) | ||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income | (17.5) | (23.1) | (33.5) | (30.0) | (20.5) | (11.6) | (8.4) | (7.4) | (11.2) | (8.8) | (6.7) | (5.6) | (7.3) | (21.5) | (35.1) | (24.9) | (18.2) | ||||||||||||||||||||
| Net Income Attributable To Parent | (17.5) | (23.1) | (33.5) | (30.0) | (20.5) | (11.6) | (8.4) | (7.4) | (11.2) | (8.8) | (6.7) | (5.6) | (7.3) | (21.5) | (35.1) | (24.9) | |||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income To Common Shareholders | (17.5) | (23.1) | (33.5) | (30.0) | (20.5) | (11.6) | (8.4) | (7.4) | (11.2) | (8.8) | (6.7) | (5.6) | (7.3) | (21.5) | (35.1) | ||||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.37) | - | (0.73) | (0.77) | (0.53) | - | (0.22) | (0.19) | (0.29) | - | (0.18) | (0.15) | (0.19) | - | (0.95) | (0.67) | (0.49) | - | (0.43) | (0.33) | (0.29) | - | 0.07 | - | - | - | (0.37) | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.37) | - | (0.73) | (0.77) | (0.53) | - | (0.22) | (0.19) | (0.29) | - | (0.18) | (0.15) | (0.19) | - | (0.95) | (0.67) | (0.49) | - | |||||||||||||||||||
| Shares Basic | 47.0 | - | 46.1 | 38.9 | 38.7 | - | 38.4 | 38.3 | 38.1 | - | 37.7 | 37.5 | 37.3 | - | 37.0 | 36.9 | 36.9 | - | |||||||||||||||||||
| Shares Diluted | 47.0 | - | 46.1 | 38.9 | 38.7 | - | 38.4 | 38.3 | 38.1 | - | 37.7 | 37.5 | 37.3 | - | 37.0 | 36.9 | 36.9 | - | |||||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | (41.4) | (24.8) | (37.3) | (37.1) | (26.4) | (14.8) | (11.7) | (10.9) | (15.2) | (13.6) | (12.8) | (9.0) | (10.6) | (24.5) | (36.6) | (25.0) | (18.2) | (17.8) | (15.2) | ||||||||||||||||||
| 101.6 |
| 89.1 |
| 91.9 |
| 92.9 |
| 59.6 |
| 52.2 |
| 33.7 |
| 19.7 |
| 12.5 |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | - | 7.0 | 4.8 | 4.7 | 3.5 | 2.8 | 2.2 | 1.6 | 0.7 | 0.5 | - |
| Amortization of Intangibles | 10.3 | 7.6 | 1.6 | 1.6 | 1.8 | 2.0 | 2.1 | 1.4 | 0.6 | 0.0 | 0.0 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 206.2 | 190.5 | 135.7 | 120.2 | 149.6 | 121.3 | 79.8 | 68.4 | 49.5 | 36.0 | 29.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 21.5 | 0.2 | (0.1) | 2.5 | (0.3) | 1.3 | (0.0) | (0.0) | (0.0) | (0.1) | (0.2) |
| Pre-Tax Income | (106.4) | (112.3) | (38.1) | (27.6) | (99.4) | (55.6) | (31.9) | (41.0) | (31.5) | (27.0) | (23.2) |
| (38.5) |
| (28.4) |
| (99.6) |
| (55.5) |
| (31.5) |
| (40.8) |
| (31.5) |
| (27.0) |
| (23.2) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (104.2) | (107.2) | (38.5) | (28.4) | (99.6) | (55.5) | (31.5) | (40.8) | (31.5) | (27.0) | (23.2) |
| Net Income Attributable To Parent | (104.2) | (107.2) | (38.5) | (28.4) | (99.6) | (55.5) | (31.5) | (40.8) | (31.5) | (27.0) | (23.2) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | 0.1 | 0.0 |
| Net Income To Common Shareholders | (104.2) | (107.2) | (38.5) | (28.4) | (99.6) | (55.5) | (31.5) | (40.8) | (31.5) | (31.2) | (27.6) |
| (0.75) |
| (2.69) |
| (1.54) |
| (1.07) |
| (1.63) |
| - |
| - |
| - |
| Shares Basic | 47.0 | 42.6 | 38.4 | 37.6 | 37.0 | 36.0 | 29.6 | 25.1 | - | - | - |
| Shares Diluted | 47.0 | 42.6 | 38.4 | 37.6 | 37.0 | 36.0 | 29.6 | 25.1 | - | - | - |
| (46.0) |
| (104.3) |
| (56.5) |
| (31.6) |
| (41.6) |
| (31.6) |
| (26.0) |
| (21.7) |
| 25.7 |
| 29.0 |
| 23.7 |
| 20.8 |
| 19.5 |
| 18.8 |
| 13.5 |
| 13.1 |
| 14.3 |
| 14.0 |
| 13.4 |
| 13.4 |
| 11.5 |
| 10.6 |
| 8.8 |
| 7.6 |
| 6.7 |
| 6.0 |
| 4.7 |
| 4.7 |
| 4.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.6 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.6 |
| 0.5 |
| 0.1 |
| 0.2 |
| 0.1 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 32.7 |
| 37.1 |
| 30.5 |
| 27.5 |
| 26.1 |
| 25.0 |
| 18.8 |
| 17.4 |
| 18.5 |
| 18.4 |
| 17.3 |
| 17.4 |
| 15.4 |
| 14.6 |
| 13.3 |
| 11.3 |
| 10.3 |
| 4.0 |
| 9.0 |
| 11.7 |
| 11.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| (0.3) |
| 2.0 |
| (0.2) |
| 0.2 |
| (0.0) |
| (0.0) |
| (0.2) |
| 0.1 |
| (0.0) |
| (0.1) |
| (0.0) |
| 0.1 |
| (0.0) |
| (0.0) |
| (0.0) |
| (0.1) |
| 0.0 |
| 0.1 |
| (0.1) |
| (18.4) |
| (18.0) |
| (15.6) |
| (11.9) |
| (10.1) |
| (9.9) |
| 2.1 |
| (12.3) |
| (11.7) |
| (11.1) |
| (10.0) |
| (10.5) |
| (9.4) |
| (9.3) |
| (7.7) |
| (7.3) |
| (7.2) |
| - |
| - |
| - |
| - |
| (17.9) |
| (15.7) |
| (11.9) |
| (10.1) |
| (9.8) |
| 2.2 |
| (12.3) |
| (11.6) |
| (11.0) |
| (9.9) |
| (10.6) |
| (9.4) |
| (9.3) |
| (7.7) |
| (7.3) |
| (7.2) |
| (7.4) |
| (6.6) |
| (6.6) |
| (6.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (17.9) |
| (15.7) |
| (11.9) |
| (10.1) |
| (9.8) |
| 2.2 |
| (12.3) |
| (11.6) |
| (11.0) |
| (9.9) |
| (10.6) |
| (9.4) |
| (9.3) |
| (7.7) |
| (7.3) |
| (7.2) |
| (7.4) |
| (6.6) |
| (6.6) |
| (6.4) |
| (18.2) |
| (17.9) |
| (15.7) |
| (11.9) |
| (10.1) |
| (9.8) |
| 2.2 |
| (12.3) |
| (11.6) |
| (11.0) |
| (9.9) |
| (10.6) |
| (9.4) |
| (9.3) |
| (7.7) |
| (7.3) |
| (7.2) |
| (7.4) |
| (6.6) |
| (6.6) |
| (6.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| (24.9) |
| (18.2) |
| (17.9) |
| (15.7) |
| (11.9) |
| (10.1) |
| (9.8) |
| 2.2 |
| (12.3) |
| (11.6) |
| (11.0) |
| (9.9) |
| (10.6) |
| (9.4) |
| (9.3) |
| (7.7) |
| (7.3) |
| (7.2) |
| (8.2) |
| (7.7) |
| (7.7) |
| (7.5) |
| (0.43) |
| (0.33) |
| (0.29) |
| - |
| 0.07 |
| - |
| - |
| - |
| (0.37) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.5 |
| 36.3 |
| 34.4 |
| - |
| 30.1 |
| - |
| - |
| - |
| 26.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.5 |
| 36.3 |
| 34.4 |
| - |
| 31.4 |
| - |
| - |
| - |
| 26.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (13.7) |
| (9.8) |
| (9.9) |
| 2.3 |
| (12.2) |
| (11.7) |
| (11.5) |
| (10.2) |
| (10.5) |
| (9.4) |
| (9.4) |
| (7.7) |
| (7.3) |
| (7.2) |
| (7.1) |
| (6.4) |
| (6.5) |
| (6.1) |