| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||
| Revenues | 6.5 | 35.5 | 5.2 | 19.2 | 14.7 | 4.5 | 26.1 | 14.4 | 13.8 | 10.9 | 10.5 | 11.0 | 12.1 | 13.7 | 13.2 | 7.7 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 66.4 | 74.7 | 58.8 | 44.6 | 39.8 | 10.2 | 4.0 | 2.3 |
| Cost of Revenue | 61.6 | 71.0 | 45.2 | 42.6 | 48.3 | 0.0 | 0.0 | - |
| Gross Profit | 4.8 | 3.7 | 13.6 | 2.0 | (8.4) | 10.2 | 4.0 | - |
| Operating Expenses | ||||||||
| Research & Development | 433.5 | 475.3 | 314.4 | 241.2 | 155.7 | 135.3 | 63.3 | 45.8 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (585.3) | (648.1) | (479.0) | (350.1) | (245.7) | (182.8) | (84.6) | (62.4) |
| Non-Operating | ||||||||
| Interest Income | - | - | - | - | - | - | - | - |
| Interest Expense | 1.7 | 1.8 | 1.6 | 0.1 | 0.1 | 3.0 | ||
| Tax & Net | ||||||||
| Income Tax Expense | (4.6) | (0.1) | (1.1) | (4.1) | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (559.8) | (644.8) | (463.7) | (328.1) | (239.5) | |||
| Per Share | ||||||||
| EPS Basic | (1.06) | (1.44) | (1.69) | (1.58) | (1.36) | (1.49) | (3.99) | (2.87) |
| EPS Diluted | (1.06) | (1.44) | (1.69) | (1.58) | (1.36) | (1.49) | ||
| Supplementary Data | ||||||||
| EBITDA | - | (564.4) | (442.5) | (325.7) | (234.0) | (174.4) | (80.7) | (60.0) |
| EBIT | (585.3) | (648.1) | (479.0) | (350.1) | (245.7) | (182.8) | ||
| 5.3 |
| 2.5 |
| 2.5 |
| 2.5 |
| 2.6 |
| 2.7 |
| 1.0 |
| 0.2 |
| 0.1 |
| Cost of Revenue | 12.5 | 14.3 | 14.7 | 20.2 | 21.8 | 12.8 | 12.1 | 9.2 | 11.2 | 9.9 | 10.9 | 9.4 | 12.4 | 10.8 | 15.4 | 14.2 | 7.8 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - |
| Gross Profit | (6.0) | 21.3 | (9.5) | (0.9) | (7.1) | (8.2) | 14.0 | 5.2 | 2.6 | 1.0 | (0.3) | 1.6 | (0.3) | 2.8 | (2.2) | (6.6) | (2.5) | 2.5 | 2.5 | 2.5 | 2.6 | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 87.9 | 95.9 | 121.1 | 128.6 | 129.6 | 98.3 | 74.6 | 73.9 | 67.6 | 69.5 | 70.0 | 55.1 | 46.7 | 44.0 | 40.8 | 38.4 | 32.4 | 48.3 | 33.2 | 29.6 | 24.1 | 20.7 | 16.5 | 13.2 | 12.8 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| General & Administrative | 34.6 | 33.7 | 41.6 | 46.7 | 54.7 | 77.2 | 37.8 | 31.8 | 31.4 | 30.5 | 29.2 | 28.3 | 22.9 | 19.8 | 19.5 | 21.2 | 21.1 | ||||||||
| Depreciation & Amortization | 19.7 | - | - | - | 19.3 | 21.0 | 4.0 | 4.1 | 7.4 | 12.5 | 4.2 | 4.0 | 3.7 | 3.4 | 2.9 | 2.7 | |||||||||
| Amortization of Intangibles | 12.7 | 12.9 | 13.4 | 12.3 | 11.7 | 7.4 | 4.1 | 3.9 | 3.4 | 3.3 | 3.4 | 1.6 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 135.0 | 143.9 | 177.4 | 195.5 | 206.1 | 188.3 | 124.4 | 115.0 | 110.1 | 109.8 | 110.1 | 92.7 | 82.0 | 74.7 | 75.7 | 73.9 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (128.5) | (108.3) | (172.2) | (176.2) | (191.4) | (183.8) | (98.4) | (100.5) | (96.3) | (98.9) | (99.6) | (81.7) | (69.9) | (61.0) | (62.6) | (66.2) | (56.0) | (65.0) | (46.4) | (40.9) | (30.5) | (25.6) | (22.5) | (18.2) | (18.3) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.4 | (0.0) | 0.8 | 0.5 | 0.5 | 0.6 | 0.6 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | 6.4 | 0.2 | 10.0 | 4.3 | (11.3) | 4.9 | 2.7 | 2.5 | 4.2 | 1.9 | 6.5 | 5.0 | 4.5 | 3.5 | 2.1 | 0.6 | 0.0 | ||||||||
| Pre-Tax Income | (122.1) | (108.1) | (162.3) | (171.9) | (202.6) | (178.9) | (95.7) | (98.1) | (92.2) | (97.1) | (93.0) | (76.7) | (65.3) | - | - | - | |||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | (4.6) | 0.0 | 0.0 | 0.0 | (0.2) | 0.0 | 0.2 | (0.5) | (0.8) | (4.1) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (117.5) | (108.1) | (162.3) | (171.9) | (202.5) | (178.9) | (95.8) | (97.5) | (91.4) | (93.0) | (93.0) | (76.7) | (65.3) | (57.5) | (60.4) | (65.6) | (56.0) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (117.5) | (108.1) | (162.3) | (171.9) | (202.5) | (178.9) | (95.8) | (97.5) | (91.4) | (93.0) | (93.0) | (76.7) | (65.3) | (57.5) | (60.4) | (65.6) | (56.0) | ||||||||
| Net Income Attributable To Parent | (117.5) | (108.1) | (162.3) | (171.9) | (202.5) | (178.9) | (95.8) | (97.5) | (91.4) | (93.0) | (93.0) | (76.7) | (65.3) | (57.5) | (60.4) | (65.6) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (117.5) | (108.1) | (162.3) | (171.9) | (202.5) | (178.9) | (95.8) | (97.5) | (91.4) | (93.0) | (93.0) | (76.7) | (65.3) | (57.5) | (60.4) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.22) | - | (0.36) | (0.41) | (0.50) | - | (0.34) | (0.40) | (0.39) | - | (0.43) | (0.38) | (0.34) | - | (0.35) | (0.38) | (0.33) | - | (0.28) | (0.31) | (1.33) | - | (1.09) | (0.88) | (0.85) |
| EPS Diluted | (0.22) | - | (0.36) | (0.41) | (0.50) | - | (0.34) | (0.40) | (0.39) | - | (0.43) | (0.38) | (0.34) | - | (0.35) | (0.38) | (0.33) | - | |||||||
| Shares Basic | 529.3 | - | 447.0 | 417.4 | 402.8 | - | 282.6 | 242.2 | 236.0 | - | 214.3 | 201.4 | 191.6 | - | 173.4 | 172.2 | 170.7 | - | |||||||
| Shares Diluted | 529.3 | - | 447.0 | 417.4 | 402.8 | - | 282.6 | 242.2 | 236.0 | - | 214.3 | 201.4 | 191.6 | - | 173.4 | 172.2 | 170.7 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (108.8) | - | - | - | (172.0) | (162.8) | (94.4) | (96.4) | (89.0) | (86.5) | (95.4) | (77.7) | (66.1) | (57.6) | (59.7) | (63.5) | (53.2) | (62.9) | (43.9) | (38.5) | (29.1) | (24.7) | (21.4) | (17.2) | (17.4) |
| EBIT | (128.5) | (108.3) | (172.2) | (176.2) | (191.4) | (183.8) | (98.4) | (100.5) | (96.3) | (98.9) | (99.6) | (81.7) | (69.9) | (61.0) | (62.6) | (66.2) | (56.0) | (65.0) | (46.4) | ||||||
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - |
| General & Administrative | 156.5 | 176.6 | 178.2 | 110.8 | 81.6 | 57.7 | 25.3 | 19.0 |
| Depreciation & Amortization | - | 83.7 | 36.5 | 24.4 | 11.8 | 8.4 | 3.9 | 2.5 |
| Amortization of Intangibles | 51.3 | 50.3 | 18.8 | 8.5 | 0.4 | 0.3 | 0.1 | 0.0 |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 651.7 | 722.8 | 537.8 | 394.6 | 285.6 | 193.0 | 88.6 | 64.8 |
| 1.4 |
| 0.6 |
| Income From Equity Investments | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 20.9 | 3.2 | 14.2 | 17.9 | 6.3 | (3.7) | (2.4) | 0.6 |
| Pre-Tax Income | (564.4) | (644.9) | (464.8) | (332.1) | (239.5) | (186.5) | - | - |
| (186.5) |
| (87.0) |
| (61.9) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (559.8) | (644.8) | (463.7) | (328.1) | (239.5) | (186.5) | (87.0) | (61.9) |
| Net Income Attributable To Parent | (559.8) | (644.8) | (463.7) | (328.1) | (239.5) | (186.5) | (87.0) | (61.9) |
| Less: Minority Interest | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (559.8) | (644.8) | (463.7) | (328.1) | (239.5) | (186.5) | (87.0) | (61.9) |
| (3.99) |
| (2.87) |
| Shares Basic | 529.3 | 447.4 | 274.2 | 207.9 | 175.5 | 125.3 | 21.8 | 21.6 |
| Shares Diluted | 529.3 | 447.4 | 274.2 | 207.9 | 175.5 | 125.3 | 21.8 | 21.6 |
| (84.6) |
| (62.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 19.2 |
| 15.7 |
| 13.9 |
| 8.9 |
| 7.6 |
| 7.0 |
| 5.2 |
| 5.6 |
| 2.8 |
| 2.1 |
| 2.5 |
| 2.4 |
| 1.4 |
| 0.9 |
| 1.1 |
| 1.0 |
| 0.9 |
| (0.2) |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 61.3 |
| 67.5 |
| 48.9 |
| 43.5 |
| 33.0 |
| 28.3 |
| 23.5 |
| 18.4 |
| 18.4 |
| 0.2 |
| 2.5 |
| 0.2 |
| 0.2 |
| 0.4 |
| 0.4 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| (1.0) |
| (2.5) |
| (0.2) |
| (0.2) |
| (1.4) |
| (0.7) |
| (0.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (64.9) |
| (47.4) |
| (43.4) |
| (30.7) |
| (25.8) |
| (23.9) |
| (18.9) |
| (18.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (64.9) |
| (47.4) |
| (43.4) |
| (30.7) |
| (25.8) |
| (23.9) |
| (18.9) |
| (18.4) |
| (56.0) |
| (64.9) |
| (47.4) |
| (43.4) |
| (30.7) |
| (25.8) |
| (23.9) |
| (18.9) |
| (18.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (65.6) |
| (56.0) |
| (64.9) |
| (47.4) |
| (43.4) |
| (30.7) |
| (25.8) |
| (23.9) |
| (18.9) |
| (18.4) |
| (0.28) |
| (0.31) |
| (1.33) |
| - |
| (1.09) |
| (0.88) |
| (0.85) |
| 168.5 |
| 138.4 |
| 23.0 |
| - |
| 21.8 |
| 21.7 |
| 21.6 |
| 168.5 |
| 138.4 |
| 23.0 |
| - |
| 21.8 |
| 21.7 |
| 21.6 |
| (40.9) |
| (30.5) |
| (25.6) |
| (22.5) |
| (18.2) |
| (18.3) |