| (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 | 17.0 | 33.0 | 26.0 | 160.0 | 28.0 | 26.0 | 48.0 | 39.0 | 145.0 | 31.0 | 32.0 | 29.0 | 25.0 | 34.0 | 33.0 | 27.0 | |||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | 236.0 | 247.0 | 258.0 | 117.0 | 112.0 | 383.0 | 78.0 | 15.0 | 8.4 | 1.4 | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||
| Research & Development | 523.0 | 523.0 | 448.0 | 340.0 | 288.0 | 257.0 | 159.0 | 78.5 | 49.6 | 47.2 | 14.2 |
| Selling General & Administrative | - | - | |||||||||
| Operating Income | |||||||||||
| Operating Income | (398.0) | (386.0) | (330.0) | (340.0) | (280.0) | 54.0 | (124.0) | (88.7) | (54.9) | (53.4) | (18.2) |
| Non-Operating | |||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 10.0 | 8.0 | 4.0 | ||||||||
| Tax & Net | |||||||||||
| Income Tax Expense | 0.0 | 0.0 | 1.0 | 6.0 | 1.0 | 2.0 | - | - | - | - | - |
| Net Income From Continuing Ops | (369.0) | (353.0) | |||||||||
| Per Share | |||||||||||
| EPS Basic | (2.94) | (3.29) | (3.14) | (4.15) | (3.71) | 0.76 | (2.24) | (1.93) | - | - | - |
| EPS Diluted | (2.94) | (3.29) | (3.14) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | - | (376.0) | (320.0) | (332.0) | (274.0) | 58.0 | (121.0) | (85.1) | (51.2) | (50.8) | (16.9) |
| EBIT | (398.0) | (386.0) | (330.0) | ||||||||
| 18.0 |
| 354.6 |
| 9.5 |
| 9.5 |
| 9.5 |
| 10.0 |
| 64.5 |
| 1.8 |
| 1.8 |
| 9.8 |
| 1.8 |
| 1.8 |
| 1.8 |
| 1.6 |
| 4.3 |
| 1.3 |
| 1.3 |
| - |
| 0.2 |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| Research & Development | 122.0 | 121.0 | 141.0 | 139.0 | 122.0 | 101.0 | 123.0 | 115.0 | 109.0 | 93.0 | 82.0 | 84.0 | 81.0 | 80.0 | 77.0 | 70.0 | 61.0 | 50.6 | 71.3 | 68.8 | 66.4 | 48.4 | 51.8 | 35.7 | 23.1 | 20.7 | 17.2 | 25.0 | 15.6 | 11.4 | 12.9 | 13.7 | 11.7 | 12.1 | 21.4 | 7.8 | 5.8 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| General & Administrative | 29.0 | 26.0 | 27.0 | 29.0 | 28.0 | 28.0 | 30.0 | 30.0 | 32.0 | 29.0 | 30.0 | 28.0 | 30.0 | 28.0 | 26.0 | 26.0 | 24.0 | ||||||||||||||||||||
| Depreciation & Amortization | 2.0 | - | - | - | 3.0 | - | - | - | 3.0 | - | - | - | 2.0 | - | - | - | |||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Total Operating Expenses | 151.0 | 147.0 | 168.0 | 168.0 | 150.0 | 129.0 | 153.0 | 145.0 | 161.0 | 122.0 | 112.0 | 112.0 | 111.0 | 108.0 | 103.0 | 96.0 | |||||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (134.0) | (114.0) | (142.0) | (8.0) | (122.0) | (103.0) | (105.0) | (106.0) | (16.0) | (91.0) | (80.0) | (83.0) | (86.0) | (74.0) | (70.0) | (69.0) | (67.0) | 281.0 | (78.1) | (76.1) | (72.7) | (51.8) | 1.6 | (45.4) | (28.4) | (17.5) | (23.2) | (29.2) | (18.8) | (13.5) | (12.1) | (15.9) | (13.3) | (13.3) | (23.1) | (9.7) | (7.3) |
| Non-Operating | |||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 3.0 | 2.0 | 3.0 | 2.0 | 1.0 | 2.0 | 1.0 | 0.0 | 1.0 | - | 1.0 | - | - | - | - | - | - | - | |||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Non-Operating Income | 6.0 | 8.0 | 7.0 | 8.0 | 10.0 | 10.0 | 13.0 | 13.0 | 12.0 | 11.0 | 11.0 | 9.0 | 8.0 | 6.8 | 5.0 | 2.0 | 0.2 | ||||||||||||||||||||
| Pre-Tax Income | (128.0) | (106.0) | (135.0) | 0.0 | (112.0) | (93.0) | (92.0) | (93.0) | (4.0) | (80.0) | (69.0) | (74.0) | (78.0) | (67.0) | (65.0) | (67.0) | |||||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 1.0 | 2.0 | 1.0 | 2.0 | 0.0 | 0.0 | 0.0 | 1.0 | 2.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (128.0) | (106.0) | (135.0) | 0.0 | (112.0) | (94.0) | (92.0) | (93.0) | (4.0) | (81.0) | (71.0) | (75.0) | (80.0) | (67.0) | (65.0) | (67.0) | (68.0) | ||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income | (128.0) | (106.0) | (135.0) | 0.0 | (112.0) | (94.0) | (92.0) | (93.0) | (4.0) | (81.0) | (71.0) | (75.0) | (80.0) | (67.0) | (65.0) | (67.0) | (68.0) | ||||||||||||||||||||
| Net Income Attributable To Parent | (128.0) | (106.0) | (135.0) | 0.0 | (112.0) | (94.0) | (92.0) | (93.0) | (4.0) | (81.0) | (71.0) | (75.0) | (80.0) | (67.0) | (65.0) | (67.0) | |||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income To Common Shareholders | (128.0) | (106.0) | (135.0) | 0.0 | (112.0) | (94.0) | (92.0) | (93.0) | (4.0) | (81.0) | (71.0) | (75.0) | (80.0) | (67.0) | (65.0) | ||||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||||
| EPS Basic | (1.02) | - | (1.27) | 0.00 | (1.14) | - | (1.00) | (1.02) | (0.05) | - | (0.94) | (1.04) | (1.09) | - | (0.90) | - | - | - | (1.11) | - | - | - | 0.03 | - | - | - | (0.51) | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (1.02) | - | (1.27) | 0.00 | (1.14) | - | (1.00) | (1.02) | (0.05) | - | (0.94) | (1.04) | (1.09) | - | (0.90) | - | - | - | |||||||||||||||||||
| Shares Basic | 125.4 | - | 106.5 | 106.1 | 98.4 | - | 91.4 | 91.1 | 86.2 | - | 74.6 | 73.2 | 73.0 | - | 72.2 | 71.8 | 71.2 | - | |||||||||||||||||||
| Shares Diluted | 125.4 | - | 106.5 | 106.5 | 98.4 | - | 91.4 | 91.1 | 86.2 | - | 74.6 | 73.2 | 73.0 | - | 72.2 | 71.8 | 71.2 | - | |||||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| EBITDA | (132.0) | - | - | - | (119.0) | - | - | - | (13.0) | - | - | - | (84.0) | - | - | - | (66.0) | - | - | - | (71.9) | - | - | - | (27.6) | (16.5) | (22.4) | (28.4) | (17.8) | (12.4) | (11.2) | (15.0) | (12.5) | (12.5) | (22.4) | (9.1) | (6.8) |
| EBIT | (134.0) | (114.0) | (142.0) | (8.0) | (122.0) | (103.0) | (105.0) | (106.0) | (16.0) | (91.0) | (80.0) | (83.0) | (86.0) | (74.0) | (70.0) | (69.0) | (67.0) | 281.0 | (78.1) | ||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 111.0 | 110.0 | 120.0 | 117.0 | 104.0 | 72.0 | 43.0 | 25.2 | 13.6 | 7.6 | 3.9 |
| Depreciation & Amortization | - | 10.0 | 10.0 | 8.0 | 6.0 | 4.0 | 3.0 | 3.6 | 3.7 | 2.6 | 1.3 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 634.0 | 633.0 | 588.0 | 457.0 | 392.0 | 329.0 | 202.0 | 103.7 | 63.2 | 54.9 | 18.2 |
| 2.0 |
| 2.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | (0.6) | (1.2) | (0.9) | (0.4) | 0.0 |
| Other Non-Operating Income | 29.0 | 33.0 | 48.0 | 39.0 | 14.0 | 1.0 | 1.0 | 4.0 | 5.3 | 0.4 | 0.2 |
| Pre-Tax Income | (369.0) | (353.0) | (282.0) | (301.0) | (266.0) | 55.0 | (123.0) | (84.7) | - | - | - |
| (283.0) |
| (307.0) |
| (267.0) |
| 53.0 |
| (123.0) |
| (84.7) |
| (49.6) |
| (53.1) |
| (18.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (369.0) | (353.0) | (283.0) | (307.0) | (267.0) | 53.0 | (123.0) | (84.7) | (49.6) | (53.1) | (18.0) |
| Net Income Attributable To Parent | (369.0) | (353.0) | (283.0) | (307.0) | (267.0) | 53.0 | (123.0) | (84.7) | (49.6) | (53.1) | (18.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (369.0) | (353.0) | (283.0) | (307.0) | (267.0) | 53.0 | (123.0) | (84.7) | (49.6) | (53.1) | (18.0) |
| (4.15) |
| (3.71) |
| 0.71 |
| (2.24) |
| (1.93) |
| - |
| - |
| - |
| Shares Basic | 125.4 | 107.4 | 90.1 | 74.0 | 72.0 | 69.3 | 54.8 | 43.8 | 36.4 | 3.9 | 3.4 |
| Shares Diluted | 125.4 | 107.4 | 90.1 | 74.0 | 72.0 | 74.0 | 54.8 | 43.8 | - | - | - |
| (340.0) |
| (280.0) |
| 54.0 |
| (124.0) |
| (88.7) |
| (54.9) |
| (53.4) |
| (18.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 23.0 |
| 16.3 |
| 16.8 |
| 15.8 |
| 13.4 |
| 11.2 |
| 11.4 |
| 7.0 |
| 6.6 |
| 7.8 |
| 5.9 |
| 5.0 |
| 3.6 |
| 3.6 |
| 3.5 |
| 2.9 |
| 2.4 |
| 1.9 |
| 1.8 |
| 1.5 |
| 1.0 |
| - |
| - |
| - |
| 0.8 |
| - |
| - |
| - |
| 0.8 |
| 1.0 |
| 0.8 |
| 0.8 |
| 1.0 |
| 1.1 |
| 0.9 |
| 0.9 |
| 0.8 |
| 0.8 |
| 0.7 |
| 0.6 |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 85.0 |
| 73.6 |
| 87.6 |
| 85.6 |
| 82.2 |
| 61.7 |
| 63.0 |
| 47.1 |
| 30.2 |
| 27.3 |
| 25.0 |
| 30.9 |
| 20.5 |
| 15.0 |
| 16.4 |
| 17.1 |
| 14.6 |
| 14.6 |
| 23.3 |
| 9.7 |
| 7.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| (0.5) |
| (0.0) |
| (0.4) |
| (0.4) |
| (0.4) |
| (0.3) |
| (0.2) |
| (0.2) |
| (0.2) |
| - |
| - |
| - |
| (0.1) |
| 0.5 |
| 0.2 |
| 0.2 |
| 0.2 |
| (0.2) |
| 0.3 |
| 0.3 |
| 0.6 |
| 0.9 |
| 0.9 |
| 1.1 |
| 1.1 |
| 1.2 |
| 1.3 |
| 2.4 |
| 0.4 |
| 0.1 |
| 0.0 |
| 0.1 |
| 0.1 |
| (67.0) |
| 281.5 |
| (78.0) |
| (76.0) |
| (72.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 279.5 |
| (78.0) |
| (76.0) |
| (72.6) |
| (52.0) |
| 1.8 |
| (45.1) |
| (27.8) |
| (16.6) |
| (22.4) |
| (28.1) |
| (17.7) |
| (12.3) |
| (10.8) |
| (13.5) |
| (13.0) |
| (13.2) |
| (23.1) |
| (9.6) |
| (7.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 279.5 |
| (78.0) |
| (76.0) |
| (72.6) |
| (52.0) |
| 1.8 |
| (45.1) |
| (27.8) |
| (16.6) |
| (22.4) |
| (28.1) |
| (17.7) |
| (12.3) |
| (10.8) |
| (13.5) |
| (13.0) |
| (13.2) |
| (23.1) |
| (9.6) |
| (7.2) |
| (68.0) |
| 279.5 |
| (78.0) |
| (76.0) |
| (72.6) |
| (52.0) |
| 1.8 |
| (45.1) |
| (27.8) |
| (16.6) |
| (22.4) |
| (28.1) |
| (17.7) |
| (12.3) |
| (10.8) |
| (13.5) |
| (13.0) |
| (13.2) |
| (23.1) |
| (9.6) |
| (7.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (67.0) |
| (68.0) |
| 279.5 |
| (78.0) |
| (76.0) |
| (72.6) |
| (52.0) |
| 1.8 |
| (45.1) |
| (27.8) |
| (16.6) |
| (22.4) |
| (28.1) |
| (17.7) |
| (12.3) |
| (10.8) |
| (13.5) |
| (13.0) |
| (13.2) |
| (23.1) |
| (9.6) |
| (7.2) |
| (1.11) |
| - |
| - |
| - |
| 0.03 |
| - |
| - |
| - |
| (0.51) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 70.1 |
| - |
| - |
| - |
| 62.6 |
| 50.2 |
| 46.0 |
| - |
| 43.9 |
| 45.4 |
| 44.5 |
| - |
| 44.5 |
| 44.5 |
| 11.6 |
| - |
| 4.0 |
| 3.9 |
| 3.5 |
| 70.1 |
| - |
| - |
| - |
| 65.1 |
| - |
| - |
| - |
| 43.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (76.1) |
| (72.7) |
| (51.8) |
| 1.6 |
| (45.4) |
| (28.4) |
| (17.5) |
| (23.2) |
| (29.2) |
| (18.8) |
| (13.5) |
| (12.1) |
| (15.9) |
| (13.3) |
| (13.3) |
| (23.1) |
| (9.7) |
| (7.3) |