| (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 | Q3 FY 16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||||||
| Revenues | 60.1 | 57.3 | 51.3 | 48.5 | 32.7 | 41.8 | 33.3 | 29.1 | 26.0 | 24.2 | 22.5 | 19.2 | 11.5 | 8.8 | 4.3 | 9.1 | ||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||
| Revenues | 217.2 | 189.8 | 130.1 | 77.4 | 23.6 | 3.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - |
| Cost of Revenue | 23.0 | 19.5 | 13.4 | 9.3 | 2.1 | 0.6 | - | - | - | - | - | - |
| Gross Profit | 194.2 | 170.3 | 116.8 | 68.1 | 21.5 | 2.6 | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||
| Research & Development | 172.1 | 167.3 | 238.0 | 135.0 | 108.6 | 104.1 | 90.5 | 109.5 | 50.3 | 22.9 | 19.6 | 7.1 |
| Selling General & Administrative | 219.4 | |||||||||||
| Operating Income | ||||||||||||
| Operating Income | (197.4) | (192.0) | (265.5) | (184.4) | (179.2) | (170.1) | (136.6) | (146.0) | (78.4) | (32.4) | (25.9) | (10.6) |
| Non-Operating | ||||||||||||
| Interest Income | - | - | - | - | - | 0.4 | 2.6 | 5.3 | 4.4 | 0.6 | 0.0 | - |
| Interest Expense | 19.8 | 20.6 | ||||||||||
| Tax & Net | ||||||||||||
| Income Tax Expense | 1.0 | 0.5 | 0.3 | 0.6 | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (202.7) | |||||||||||
| Per Share | ||||||||||||
| EPS Basic | (3.06) | (3.11) | (4.34) | (3.20) | (3.47) | (1.40) | (3.04) | (3.86) | - | - | - | - |
| EPS Diluted | (3.06) | (3.11) | ||||||||||
| Supplementary Data | ||||||||||||
| EBITDA | - | (191.5) | (264.8) | (183.5) | (178.3) | (169.2) | (135.9) | (145.2) | (78.0) | (32.2) | (25.8) | - |
| EBIT | (197.4) | (192.0) | ||||||||||
| 1.5 |
| 1.8 |
| 1.0 |
| 0.3 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | 7.2 | 4.8 | 5.5 | 5.5 | 3.6 | 3.8 | 3.8 | 2.9 | 2.8 | 3.2 | 2.4 | 2.2 | 1.4 | 1.0 | 0.5 | 0.4 | 0.2 | 0.2 | 0.2 | 0.1 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 53.0 | 52.5 | 45.8 | 43.0 | 29.1 | 38.0 | 29.4 | 26.1 | 23.2 | 21.0 | 20.1 | 17.0 | 10.0 | 7.8 | 3.8 | 8.7 | 1.3 | 1.6 | 0.8 | 0.1 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||
| Research & Development | 41.7 | 42.0 | 46.0 | 42.3 | 37.0 | 41.2 | 37.9 | 30.2 | 128.7 | 29.9 | 33.6 | 33.5 | 37.9 | 23.5 | 21.1 | 31.5 | 32.5 | 31.6 | 27.5 | 25.1 | 19.9 | 22.0 | 23.0 | 23.0 | 22.5 | 24.8 | 26.6 | 35.3 | 22.8 | 18.8 | 10.7 | 8.6 | 12.3 | 6.7 | 6.0 | 5.4 | 4.9 | 5.4 |
| Selling General & Administrative | 63.6 | 57.5 | 52.4 | 45.9 | 39.1 | 38.1 | 35.4 | 36.4 | 34.4 | 32.4 | 30.5 | 30.0 | 24.6 | 26.3 | 21.9 | 22.3 | ||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | |||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Total Operating Expenses | 112.5 | 104.3 | 104.0 | 93.8 | 79.7 | 83.1 | 77.1 | 69.6 | 165.9 | 65.5 | 66.5 | 65.8 | 64.0 | 50.9 | 43.6 | 54.2 | ||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||
| Operating Income | (52.4) | (47.1) | (52.7) | (45.3) | (47.0) | (41.3) | (43.9) | (40.5) | (139.9) | (41.3) | (44.0) | (46.6) | (52.5) | (42.1) | (39.3) | (45.1) | (52.7) | (51.0) | (44.2) | (40.4) | (34.4) | (35.1) | (34.3) | (31.9) | (35.3) | (34.2) | (37.1) | (44.1) | (30.5) | (27.2) | (19.2) | (15.0) | (17.0) | (11.0) | (8.3) | (6.8) | (6.4) | (6.4) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1 | 0.1 | 0.0 | 0.2 | 0.2 | 0.5 | 0.8 | 1.1 | 1.3 | 1.1 | 1.4 | 1.5 | 1.6 | 1.6 | 0.6 | 0.5 | 0.5 | 0.1 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 4.6 | 4.6 | 4.7 | 5.8 | 5.4 | 6.0 | 5.2 | 4.6 | 4.8 | 4.4 | 3.1 | 3.3 | 3.1 | - | 2.1 | 0.0 | - | - | ||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Other Non-Operating Income | (2.7) | (0.5) | (0.1) | (1.0) | (2.4) | (2.2) | (0.1) | 8.7 | (1.2) | (0.2) | 0.2 | (0.1) | 0.4 | (0.4) | (1.6) | 0.1 | (0.1) | |||||||||||||||||||||
| Pre-Tax Income | (55.1) | (47.5) | (52.8) | (46.3) | (49.4) | (43.4) | (44.0) | (31.8) | (141.1) | (41.4) | (43.8) | (46.7) | (52.2) | - | (40.9) | - | ||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.5 | (0.0) | 0.1 | 0.3 | 0.1 | (0.1) | (0.3) | 0.5 | 0.3 | - | 0.4 | - | 0.0 | - | - | - | 0.0 | - | (9.0) | (5.0) | 22.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (55.6) | (47.5) | (52.9) | (46.6) | (49.5) | (43.3) | (43.6) | (32.3) | (141.4) | (41.6) | (44.2) | (46.7) | (52.2) | (42.5) | (40.9) | (45.0) | (52.8) | |||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Net Income | (55.6) | (47.5) | (52.9) | (46.6) | (49.5) | (43.3) | (43.6) | (32.3) | (141.4) | (41.6) | (44.2) | (46.7) | (52.2) | (42.5) | (40.9) | (45.0) | (52.8) | |||||||||||||||||||||
| Net Income Attributable To Parent | (55.6) | (47.5) | (52.9) | (46.6) | (49.5) | (43.3) | (43.6) | (32.3) | (141.4) | (41.6) | (44.2) | (46.7) | (52.2) | (42.5) | (40.9) | (45.0) | ||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Net Income To Common Shareholders | (56.7) | (48.8) | (54.3) | (48.0) | (50.8) | (44.7) | (45.0) | (33.6) | (141.4) | (41.6) | (44.2) | (46.7) | (52.2) | (42.5) | (40.9) | |||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.83) | - | (0.82) | (0.75) | (0.81) | - | (0.73) | (0.55) | (2.35) | - | (0.76) | (0.82) | (0.92) | - | (0.79) | (0.89) | (1.05) | - | (0.70) | (0.70) | 0.92 | - | - | (0.71) | (0.78) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.83) | - | (0.82) | (0.75) | (0.81) | - | (0.73) | (0.55) | (2.35) | - | (0.76) | (0.82) | (0.92) | - | (0.79) | (0.89) | (1.05) | - | ||||||||||||||||||||
| Shares Basic | 68.0 | - | 66.3 | 63.7 | 63.1 | - | 61.2 | 61.0 | 60.1 | - | 57.9 | 56.9 | 56.7 | - | 51.4 | 50.4 | 50.3 | - | ||||||||||||||||||||
| Shares Diluted | 68.0 | - | 66.3 | 63.7 | 63.1 | - | 61.2 | 61.0 | 60.1 | - | 57.9 | 56.9 | 56.7 | - | 51.4 | 50.4 | 50.3 | - | ||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (34.2) | - | - | - | (35.1) | - | - | - | (30.3) | - | - | - | (16.9) | - | - | - | (6.3) | - |
| EBIT | (52.4) | (47.1) | (52.7) | (45.3) | (47.0) | (41.3) | (43.9) | (40.5) | (139.9) | (41.3) | (44.0) | (46.6) | (52.5) | (42.1) | (39.3) | (45.1) | (52.7) | (51.0) | (44.2) | |||||||||||||||||||
| 194.9 |
| 144.3 |
| 117.5 |
| 92.0 |
| 68.5 |
| 46.1 |
| 36.6 |
| 28.1 |
| 9.5 |
| 6.3 |
| 3.4 |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | - | 0.5 | 0.7 | 0.9 | 0.9 | 0.8 | 0.7 | 0.8 | 0.4 | 0.2 | 0.1 | - |
| Amortization of Intangibles | - | - | - | 0.9 | 0.8 | 0.3 | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 414.5 | 381.8 | 395.6 | 261.8 | 202.8 | 173.2 | 136.6 | 146.0 | 78.4 | 32.4 | 25.9 | 10.6 |
| 20.6 |
| 13.9 |
| 5.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (4.3) | (4.0) | 5.2 | 0.2 | (2.0) | 100.4 | 2.6 | 5.3 | 4.4 | (1.3) | 0.0 | (0.5) |
| Pre-Tax Income | (201.7) | (196.0) | (260.3) | (184.1) | (181.1) | (69.6) | - | - | - | - | - | - |
| (196.5) |
| (260.6) |
| (184.7) |
| (181.1) |
| (69.6) |
| (134.0) |
| (140.7) |
| (74.1) |
| (33.7) |
| (25.9) |
| (11.1) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (202.7) | (196.5) | (260.6) | (184.7) | (181.1) | (69.6) | (134.0) | (140.7) | (74.1) | (33.7) | (25.9) | (11.1) |
| Net Income Attributable To Parent | (202.7) | (196.5) | (260.6) | (184.7) | (181.1) | (69.6) | (134.0) | (140.7) | (74.1) | (33.7) | (25.9) | (11.1) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (207.8) | (201.9) | (264.6) | (184.7) | (181.1) | (69.6) | (134.0) | (140.7) | (74.1) | (37.6) | (29.1) | (12.0) |
| (4.34) |
| (3.20) |
| (3.47) |
| (1.40) |
| (3.04) |
| (3.86) |
| - |
| - |
| - |
| - |
| Shares Basic | 68.0 | 65.0 | 61.0 | 57.7 | 52.1 | 49.6 | 44.1 | 36.4 | - | - | - | - |
| Shares Diluted | 68.0 | 65.0 | 61.0 | 57.7 | 52.1 | 49.6 | 44.1 | 36.4 | - | - | - | - |
| (265.5) |
| (184.4) |
| (179.2) |
| (170.1) |
| (136.6) |
| (146.0) |
| (78.4) |
| (32.4) |
| (25.9) |
| (10.6) |
| 21.4 |
| 21.0 |
| 17.5 |
| 15.5 |
| 14.5 |
| 13.1 |
| 11.3 |
| 8.9 |
| 12.8 |
| 9.4 |
| 10.5 |
| 8.8 |
| 7.8 |
| 8.4 |
| 8.5 |
| 6.4 |
| 4.7 |
| 4.3 |
| 2.3 |
| 1.4 |
| 1.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.3 |
| - |
| - |
| 1.0 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 54.2 |
| 52.8 |
| 45.3 |
| 40.7 |
| 34.4 |
| 35.1 |
| 34.3 |
| 31.9 |
| 35.3 |
| 34.2 |
| 37.1 |
| 44.1 |
| 30.5 |
| 27.2 |
| 19.2 |
| 15.0 |
| 17.0 |
| 11.0 |
| 8.3 |
| 6.8 |
| 6.4 |
| 6.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.1 |
| 0.0 |
| 100.2 |
| 0.2 |
| 0.5 |
| 0.8 |
| 1.1 |
| 1.3 |
| 1.1 |
| 1.4 |
| 1.5 |
| 1.6 |
| 1.6 |
| 0.6 |
| 0.5 |
| 0.5 |
| (1.7) |
| (0.0) |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| (40.4) |
| 65.8 |
| - |
| - |
| (31.1) |
| (34.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (50.9) |
| (44.1) |
| (40.4) |
| 65.8 |
| (34.9) |
| (33.8) |
| (31.1) |
| (34.2) |
| (33.0) |
| (36.0) |
| (42.8) |
| (29.0) |
| (25.5) |
| (17.7) |
| (14.4) |
| (16.5) |
| (10.5) |
| (10.0) |
| (6.8) |
| (6.4) |
| (6.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (42.9) |
| (35.1) |
| (35.4) |
| 43.8 |
| (34.9) |
| (33.8) |
| (31.1) |
| (34.2) |
| (33.0) |
| (36.0) |
| (42.8) |
| (29.0) |
| (25.5) |
| (17.7) |
| (14.4) |
| (16.5) |
| (10.5) |
| (10.0) |
| (6.8) |
| (6.4) |
| (6.4) |
| (52.8) |
| (42.9) |
| (35.1) |
| (35.4) |
| 43.8 |
| (34.9) |
| (33.8) |
| (31.1) |
| (34.2) |
| (33.0) |
| (36.0) |
| (42.8) |
| (29.0) |
| (25.5) |
| (17.7) |
| (14.4) |
| (16.5) |
| (10.5) |
| (10.0) |
| (6.8) |
| (6.4) |
| (6.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (45.0) |
| (52.8) |
| (42.9) |
| (35.1) |
| (35.4) |
| 43.8 |
| (34.9) |
| (33.8) |
| (31.1) |
| (34.2) |
| (33.0) |
| (36.0) |
| (42.8) |
| (29.0) |
| (25.5) |
| (17.7) |
| (14.4) |
| (16.5) |
| (10.6) |
| (11.4) |
| (8.0) |
| (7.5) |
| (7.2) |
| (0.70) |
| (0.70) |
| 0.90 |
| - |
| - |
| (0.71) |
| (0.78) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 50.2 |
| 50.2 |
| 47.6 |
| - |
| - |
| 44.1 |
| 44.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 50.2 |
| 50.2 |
| 48.5 |
| - |
| - |
| 44.1 |
| 44.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (40.4) |
| (34.4) |
| (35.1) |
| (34.3) |
| (31.9) |
| (35.3) |
| (34.2) |
| (37.1) |
| (44.1) |
| (30.5) |
| (27.2) |
| (19.2) |
| (15.0) |
| (17.0) |
| (11.0) |
| (8.3) |
| (6.8) |
| (6.4) |
| (6.4) |