| (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 | 3.6 | 5.6 | 3.7 | 5.3 | 1.6 | 5.2 | 2.3 | 11.1 | 8.5 | 6.7 | 1.4 | 2.4 | 5.3 | 102.7 | 1.4 | 0.5 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||
| Revenues | 18.1 | 16.1 | 27.1 | 15.8 | 106.5 | 524.0 | 37.5 | 7.3 | 11.3 | 13.1 | 25.1 | 10.6 | 6.1 |
| Cost of Revenue | 1.7 | 1.7 | 1.3 | 0.1 | 1.3 | 25.0 | 2.9 | 1.7 | 1.2 | 0.8 | 1.3 | - | - |
| Gross Profit | 16.4 | 14.4 | 25.9 | 15.8 | 105.2 | 499.0 | 34.6 | 5.6 | 10.1 | 12.3 | 23.8 | - | - |
| Operating Expenses | |||||||||||||
| Research & Development | 133.7 | 140.7 | 143.8 | 214.9 | 197.6 | 143.5 | 122.4 | 94.7 | 74.8 | 72.2 | 72.5 | 59.1 | 43.8 |
| Selling General & Administrative | |||||||||||||
| Operating Income | |||||||||||||
| Operating Income | (191.7) | (185.3) | (184.3) | (282.9) | (143.2) | 310.6 | (125.4) | (121.1) | (88.2) | (71.3) | (71.9) | (71.2) | (53.7) |
| Non-Operating | |||||||||||||
| Interest Income | 18.1 | 17.0 | 21.4 | 19.6 | 0.6 | 0.2 | 0.9 | 3.5 | 2.7 | 0.1 | 0.1 | 0.1 | 0.2 |
| Interest Expense | 60.9 | ||||||||||||
| Tax & Net | |||||||||||||
| Income Tax Expense | 5.6 | 5.6 | 2.4 | 1.9 | (1.5) | 3.2 | (16.4) | - | 0.2 | (0.2) | 1.1 | (1.2) | (0.5) |
| Net Income From Continuing Ops | |||||||||||||
| Per Share | |||||||||||||
| EPS Basic | (3.33) | (3.46) | (4.92) | (6.47) | (2.71) | 7.17 | (2.81) | (3.11) | - | - | - | - | - |
| EPS Diluted | (3.33) | ||||||||||||
| Supplementary Data | |||||||||||||
| EBITDA | - | (170.6) | (171.7) | (271.0) | (134.6) | 317.9 | (114.8) | (114.5) | (75.8) | (63.8) | (66.4) | (66.8) | (51.7) |
| EBIT | (191.7) | ||||||||||||
| 1.8 |
| 57.7 |
| 2.0 |
| 463.9 |
| 0.5 |
| 34.1 |
| 1.8 |
| 1.5 |
| 0.1 |
| 2.6 |
| 1.0 |
| 2.5 |
| 1.1 |
| 1.6 |
| 3.1 |
| 3.1 |
| 3.5 |
| 2.6 |
| 2.3 |
| 4.9 |
| 3.3 |
| 9.1 |
| 7.2 |
| 4.5 |
| Cost of Revenue | 0.2 | 0.4 | 0.4 | 0.7 | 0.2 | 0.6 | 0.3 | 0.2 | 0.2 | - | - | - | - | - | - | - | - | - | - | 23.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 3.3 | 5.1 | 3.3 | 4.6 | 1.4 | 4.6 | 2.0 | 10.9 | 8.3 | - | - | - | - | - | - | - | - | - | - | 440.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 29.2 | 34.8 | 34.4 | 35.4 | 36.1 | 38.8 | 30.6 | 33.7 | 40.7 | 42.6 | 65.4 | 46.0 | 60.8 | 58.3 | 48.1 | 46.2 | 45.0 | 41.7 | 36.4 | 32.7 | 32.7 | 31.7 | 36.3 | 28.4 | 26.0 | 26.5 | 23.6 | 24.2 | 20.5 | 18.7 | 20.5 | 18.5 | 17.1 | 18.2 | 20.1 | 16.9 | 17.0 | 20.0 | 16.6 | 19.2 |
| Selling General & Administrative | 20.1 | 21.6 | 19.4 | 13.5 | 10.9 | 11.4 | 11.6 | 15.8 | 13.9 | 17.5 | 18.1 | 21.2 | 17.8 | 18.3 | 13.3 | 12.5 | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Depreciation & Amortization | 3.0 | - | - | - | 4.5 | - | - | - | 2.6 | - | - | - | 2.5 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 49.5 | 56.8 | 54.2 | 49.5 | 47.2 | 50.8 | 43.2 | 56.9 | 63.9 | 68.9 | 84.5 | 68.6 | 81.1 | 78.2 | 62.3 | 59.5 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (45.7) | (51.1) | (51.0) | (43.9) | (39.3) | (45.8) | (40.2) | (44.0) | (54.2) | (61.7) | (81.9) | (65.1) | (74.2) | 26.5 | (59.5) | (56.1) | (54.1) | 2.1 | (45.0) | 398.0 | (44.5) | (8.3) | (44.5) | (38.2) | (34.5) | (33.0) | (31.3) | (29.3) | (27.5) | (24.2) | (23.2) | (21.2) | (19.6) | (22.6) | (9.3) | (19.7) | (19.7) | (16.4) | (14.2) | (22.1) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 5.2 | 5.8 | 3.5 | 3.5 | 4.1 | 4.2 | 4.9 | 5.8 | 6.5 | 7.2 | 7.5 | 3.2 | 1.7 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.8 | 1.5 | 0.9 | 0.7 | 0.4 | 0.9 | 0.9 | 0.6 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 14.0 | 14.6 | 16.7 | 15.6 | 15.1 | 14.9 | 16.6 | 16.2 | 16.1 | 15.7 | 15.4 | 6.8 | 3.6 | 3.4 | 3.1 | 2.7 | 2.5 | 2.1 | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 3.8 | - | (7.2) | - | - | - | - | - | - | - | - | - | - | - | - | (0.1) | 0.7 | |||||||||||||||||||||||
| Pre-Tax Income | (53.0) | (41.0) | (71.9) | (37.3) | (43.1) | (72.4) | (44.4) | (55.4) | (65.0) | (70.2) | (89.6) | (68.3) | (78.4) | 6.6 | (48.2) | (39.4) | ||||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.5 | (3.9) | 8.6 | 0.4 | 0.5 | 0.9 | (0.0) | 0.9 | 0.7 | 3.0 | (0.1) | 0.2 | (1.2) | (0.2) | (0.3) | (0.3) | (0.6) | (0.3) | 0.1 | 3.3 | 0.2 | - | 0.0 | 0.0 | - | - | - | - | - | (0.0) | (0.0) | 0.4 | (0.1) | - | (0.3) | - | - | 0.7 | 0.2 | (0.3) |
| Net Income From Continuing Ops | (53.5) | (37.1) | (80.5) | (37.7) | (43.6) | (73.3) | (44.4) | (56.3) | (65.6) | - | - | - | (77.2) | - | - | - | (46.7) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (53.5) | (37.1) | (80.5) | (37.7) | (43.6) | (73.3) | (44.4) | (56.3) | (65.6) | - | - | - | (77.2) | - | - | - | (46.7) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (53.5) | (37.1) | (80.5) | (37.7) | (43.6) | (73.3) | (44.4) | (56.3) | (65.6) | - | - | - | (77.2) | - | - | - | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (53.5) | (37.1) | (80.5) | (37.7) | (43.6) | (73.3) | (44.4) | (56.3) | (65.6) | (73.2) | (89.6) | (68.5) | (77.2) | 6.8 | (47.9) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.85) | - | (1.38) | (0.69) | (0.82) | - | (0.91) | (1.16) | (1.36) | - | (1.88) | (1.44) | (1.63) | - | (1.02) | (0.84) | (1.00) | - | (0.79) | 8.68 | (0.91) | - | (1.21) | (0.96) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.85) | - | (1.38) | (0.69) | (0.82) | - | (0.91) | (1.16) | (1.36) | - | (1.88) | (1.44) | (1.63) | - | (1.02) | (0.84) | (1.00) | - | ||||||||||||||||||||||
| Shares Basic | 62.7 | - | 58.5 | 54.8 | 53.1 | - | 48.7 | 48.6 | 48.4 | - | 47.8 | 47.6 | 47.4 | - | 46.8 | 46.7 | 46.6 | - | ||||||||||||||||||||||
| Shares Diluted | 62.7 | - | 58.5 | 54.8 | 53.1 | - | 48.7 | 48.6 | 48.4 | - | 47.8 | 47.6 | 47.4 | - | 46.8 | 46.7 | 46.6 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (42.8) | - | - | - | (34.8) | - | - | - | (51.6) | - | - | - | (71.6) | - | - | - | (52.0) | - | - | - | (42.6) | - | - | - | (32.7) | - | - | - | (25.9) | (16.5) | (21.5) | (19.7) | (18.0) | (20.3) | (7.6) | (18.0) | (17.9) | (15.1) | (12.8) | (20.8) |
| EBIT | (45.7) | (51.1) | (51.0) | (43.9) | (39.3) | (45.8) | (40.2) | (44.0) | (54.2) | (61.7) | (81.9) | (65.1) | (74.2) | 26.5 | (59.5) | (56.1) | (54.1) | 2.1 | (45.0) | |||||||||||||||||||||
| 74.6 |
| 65.5 |
| 52.7 |
| 74.6 |
| 55.1 |
| 56.3 |
| 42.6 |
| 33.5 |
| 25.3 |
| 24.6 |
| 26.0 |
| 23.4 |
| 17.1 |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | - | 14.8 | 12.6 | 11.9 | 8.5 | 7.3 | 10.6 | 6.7 | 12.4 | 7.5 | 5.5 | 4.4 | 2.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | 11.2 | 8.5 | 10.5 | 8.8 | 8.8 | 1.6 | 7.7 | 5.0 | 6.9 | 3.7 |
| Total Operating Expenses | 210.0 | 207.8 | 214.8 | 303.1 | 256.0 | 224.8 | 165.0 | 128.3 | 100.1 | 96.8 | 98.5 | 82.5 | 60.8 |
| 62.0 |
| 63.7 |
| 41.6 |
| 11.7 |
| 7.5 |
| 3.8 |
| 3.8 |
| 2.2 |
| 2.2 |
| 2.2 |
| 2.6 |
| 2.0 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | 10.9 | - | - | 2.8 | (0.2) | 0.5 | (2.5) | 0.2 | (2.4) | 0.8 | (7.2) | 0.0 |
| Pre-Tax Income | (203.2) | (193.3) | (237.1) | (306.6) | (128.3) | 332.8 | (141.4) | (124.2) | (83.1) | (79.5) | (72.2) | (83.3) | (50.3) |
| (208.9) |
| (199.0) |
| (239.6) |
| (308.5) |
| (126.8) |
| 329.6 |
| (125.0) |
| (124.2) |
| (83.3) |
| (79.3) |
| (73.4) |
| (82.1) |
| - |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (208.9) | (199.0) | (239.6) | (308.5) | (126.8) | 329.6 | (125.0) | (124.2) | (83.3) | (79.3) | (73.4) | (82.1) | - |
| Net Income Attributable To Parent | (208.9) | (199.0) | (239.6) | (308.5) | (126.8) | 329.6 | (125.0) | (124.2) | (83.3) | (79.3) | (73.4) | (82.1) | - |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (208.9) | (199.0) | (239.6) | (308.5) | (126.8) | 329.6 | (125.0) | (124.2) | (83.3) | (79.3) | (73.4) | (82.1) | (49.8) |
| (3.46) |
| (4.92) |
| (6.47) |
| (2.71) |
| 7.04 |
| (2.81) |
| (3.11) |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 62.7 | 57.5 | 48.6 | 47.7 | 46.7 | 46.0 | 44.5 | 40.0 | - | - | - | - | - |
| Shares Diluted | 62.7 | 57.5 | 48.6 | 47.7 | 46.7 | 46.8 | 44.5 | 40.0 | - | - | - | - | - |
| (185.3) |
| (184.3) |
| (282.9) |
| (143.2) |
| 310.6 |
| (125.4) |
| (121.1) |
| (88.2) |
| (71.3) |
| (71.9) |
| (71.2) |
| (53.7) |
| 11.0 |
| 14.6 |
| 12.0 |
| 17.3 |
| 12.4 |
| 11.2 |
| 10.8 |
| 11.5 |
| 9.1 |
| 8.7 |
| 8.9 |
| 7.9 |
| 8.1 |
| 7.2 |
| 5.9 |
| 5.9 |
| 6.3 |
| 7.3 |
| 5.6 |
| 5.4 |
| 6.4 |
| 5.8 |
| 5.1 |
| 7.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.1 |
| - |
| - |
| - |
| 1.9 |
| - |
| - |
| - |
| 1.7 |
| - |
| - |
| - |
| 1.6 |
| 7.7 |
| 1.7 |
| 1.5 |
| 1.6 |
| 2.3 |
| 1.7 |
| 1.7 |
| 1.8 |
| 1.3 |
| 1.4 |
| 1.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.1 |
| 0.1 |
| - |
| 0.1 |
| 0.7 |
| 0.1 |
| - |
| 0.1 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 56.0 |
| 58.1 |
| 48.5 |
| 73.2 |
| 45.0 |
| 42.9 |
| 47.1 |
| 39.9 |
| 35.1 |
| 35.2 |
| 32.5 |
| 32.0 |
| 28.6 |
| 25.9 |
| 26.4 |
| 24.4 |
| 23.4 |
| 25.5 |
| 25.7 |
| 22.3 |
| 23.4 |
| 25.7 |
| 21.7 |
| 27.1 |
| 1.9 |
| 1.9 |
| 1.6 |
| 0.9 |
| 0.9 |
| 1.0 |
| 1.0 |
| 1.0 |
| 1.0 |
| 0.9 |
| 1.0 |
| 0.7 |
| 0.5 |
| 0.6 |
| 0.4 |
| 0.6 |
| 0.6 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (2.0) |
| 0.3 |
| 0.2 |
| 2.0 |
| (1.7) |
| 1.8 |
| (0.6) |
| (2.0) |
| 0.5 |
| 0.3 |
| (1.3) |
| 0.7 |
| - |
| - |
| - |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.3 |
| (47.3) |
| 7.9 |
| (36.4) |
| 402.7 |
| (41.3) |
| (17.1) |
| (53.8) |
| (42.6) |
| (28.0) |
| (41.4) |
| (23.6) |
| (31.4) |
| (27.8) |
| (21.9) |
| (22.1) |
| (20.2) |
| (18.9) |
| (27.4) |
| (10.5) |
| (21.3) |
| (20.3) |
| (14.0) |
| (15.1) |
| (21.4) |
| - |
| - |
| - |
| (41.6) |
| - |
| - |
| - |
| (28.0) |
| - |
| - |
| - |
| (27.8) |
| - |
| - |
| - |
| (18.8) |
| - |
| - |
| - |
| (20.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (41.6) |
| - |
| - |
| - |
| (28.0) |
| - |
| - |
| - |
| (27.8) |
| - |
| - |
| - |
| (18.8) |
| - |
| - |
| - |
| (20.3) |
| - |
| - |
| - |
| (46.7) |
| - |
| - |
| - |
| (41.6) |
| - |
| - |
| - |
| (28.0) |
| - |
| - |
| - |
| (27.8) |
| - |
| - |
| - |
| (18.8) |
| - |
| - |
| - |
| (20.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (39.1) |
| (46.7) |
| 8.2 |
| (36.5) |
| 399.5 |
| (41.6) |
| (0.7) |
| (53.8) |
| (42.6) |
| (28.0) |
| (41.4) |
| (23.6) |
| (31.4) |
| (27.8) |
| (21.9) |
| (22.0) |
| (20.6) |
| (18.8) |
| (27.5) |
| (10.2) |
| (21.3) |
| (20.3) |
| (14.7) |
| (15.3) |
| (21.1) |
| (0.79) |
| 8.51 |
| (0.91) |
| - |
| (1.21) |
| (0.96) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 46.2 |
| 46.0 |
| 45.5 |
| - |
| 44.5 |
| 44.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 46.2 |
| 46.9 |
| 45.5 |
| - |
| 44.5 |
| 44.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 398.0 |
| (44.5) |
| (8.3) |
| (44.5) |
| (38.2) |
| (34.5) |
| (33.0) |
| (31.3) |
| (29.3) |
| (27.5) |
| (24.2) |
| (23.2) |
| (21.2) |
| (19.6) |
| (22.6) |
| (9.3) |
| (19.7) |
| (19.7) |
| (16.4) |
| (14.2) |
| (22.1) |