| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||
| Revenues | 58.6 | 87.2 | 54.3 | 54.8 | 59.6 | 88.3 | 35.3 | 47.3 | 36.6 | 74.1 | 42.6 | 35.2 | 64.8 | 56.8 | 37.0 | 38.5 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 254.9 | 255.9 | 207.5 | 216.7 | 181.0 | 137.9 | 108.1 | 85.5 |
| Cost of Revenue | 113.9 | 113.3 | 75.5 | 76.0 | 79.9 | 72.3 | 44.6 | 36.5 |
| Gross Profit | 141.0 | 142.6 | 132.1 | 140.7 | 101.0 | 65.6 | 63.5 | 49.1 |
| Operating Expenses | ||||||||
| Research & Development | 171.1 | 173.1 | 201.8 | 181.8 | 126.4 | 90.9 | 64.7 | 39.4 |
| Selling General & Administrative | - | - | - | - | - | |||
| Operating Income | ||||||||
| Operating Income | (164.8) | (166.9) | (209.3) | (177.4) | (146.8) | (111.4) | (60.9) | (38.7) |
| Non-Operating | ||||||||
| Interest Income | - | - | - | - | 4.0 | 1.1 | 2.3 | 1.9 |
| Interest Expense | - | - | - | - | - | - | ||
| Tax & Net | ||||||||
| Income Tax Expense | 1.3 | 0.9 | 1.4 | 2.2 | 0.1 | 0.4 | 0.3 | (0.3) |
| Net Income From Continuing Ops | (103.5) | (103.3) | (187.1) | 40.7 | (149.2) | |||
| Per Share | ||||||||
| EPS Basic | (1.40) | (1.41) | (2.57) | 0.57 | (2.10) | (1.42) | (0.41) | - |
| EPS Diluted | (1.40) | (1.41) | (2.57) | 0.54 | (2.10) | (1.42) | ||
| Supplementary Data | ||||||||
| EBITDA | - | (160.9) | (203.1) | (171.9) | (142.5) | (108.6) | (57.3) | (35.1) |
| EBIT | (164.8) | (166.9) | (209.3) | (177.4) | (146.8) | (111.4) | ||
| 48.7 |
| 46.2 |
| 29.9 |
| 29.8 |
| 32.1 |
| 33.0 |
| 25.8 |
| 23.1 |
| 26.2 |
| 25.8 |
| 20.0 |
| 19.0 |
| 20.7 |
| Cost of Revenue | 29.0 | 29.9 | 26.3 | 28.6 | 28.4 | 24.2 | 17.6 | 16.0 | 17.7 | 16.6 | 18.9 | 21.4 | 19.1 | 18.1 | 19.8 | 21.3 | 20.7 | 19.8 | 18.7 | 17.8 | 16.0 | 14.0 | 10.5 | 9.5 | 10.5 | 10.3 | 9.2 | 9.2 | 7.7 |
| Gross Profit | 29.5 | 57.3 | 28.0 | 26.2 | 31.1 | 64.1 | 17.7 | 31.3 | 18.9 | 57.6 | 23.6 | 13.8 | 45.7 | 38.7 | 17.2 | 17.1 | 28.0 | 26.4 | 11.1 | 12.0 | 16.2 | 19.0 | 15.3 | 13.6 | 15.6 | 15.5 | 10.7 | 9.9 | 13.0 |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 43.8 | 41.4 | 42.8 | 43.1 | 45.8 | 49.4 | 51.0 | 50.8 | 50.6 | 51.5 | 46.8 | 42.7 | 40.7 | 34.5 | 32.9 | 31.1 | 27.8 | 25.1 | 23.2 | 21.1 | 21.4 | 17.3 | 17.0 | 16.7 | 13.7 | 11.1 | 10.4 | 9.5 | 8.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | 11.6 | 10.3 | 9.5 | 10.7 | 10.4 | 9.7 | 10.3 | 9.7 | 10.2 | 10.0 | 9.1 | 9.0 | 9.1 | 9.4 | 7.2 | 7.4 | 6.7 | ||||||||||||
| General & Administrative | 22.9 | 22.7 | 21.7 | 25.2 | 25.8 | 25.8 | 24.8 | 23.5 | 25.5 | 25.7 | 23.9 | 23.2 | 26.3 | 23.3 | 23.3 | 22.1 | 22.1 | ||||||||||||
| Depreciation & Amortization | 1.5 | - | - | - | 1.6 | - | - | - | 1.4 | - | - | - | 1.8 | - | - | - | |||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 78.3 | 74.5 | 74.0 | 79.1 | 82.0 | 84.8 | 86.2 | 84.1 | 86.3 | 87.2 | 79.8 | 74.9 | 76.2 | 67.2 | 63.4 | 60.6 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (48.8) | (17.2) | (45.9) | (52.9) | (50.9) | (20.7) | (68.4) | (52.7) | (67.4) | (29.6) | (56.2) | (61.1) | (30.5) | (28.5) | (46.2) | (43.5) | (28.6) | (22.5) | (34.7) | (30.3) | (23.9) | (16.6) | (15.4) | (17.1) | (11.8) | (7.8) | (11.3) | (14.0) | (5.6) |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.3 | (0.0) | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.7 | 0.4 | 0.5 | 0.5 | 0.4 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Income From Equity Investments | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | 0.0 | 147.3 | 0.0 | (0.0) | 11.8 | |||||||||||||
| Other Non-Operating Income | (10.8) | 50.1 | 13.3 | 10.0 | (8.9) | (18.5) | 30.2 | (1.2) | 13.2 | (1.9) | (8.7) | 45.0 | 186.0 | 1.2 | 6.5 | (4.2) | (5.8) | ||||||||||||
| Pre-Tax Income | (59.6) | 33.0 | (32.6) | (42.9) | (59.8) | (39.3) | (38.2) | (54.0) | (54.3) | (31.5) | (64.9) | (16.2) | 155.5 | (27.3) | (39.7) | (47.7) | |||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | 0.4 | 0.5 | 0.2 | 0.3 | 0.0 | 1.0 | (0.1) | 0.1 | 0.5 | (0.8) | (2.9) | (20.4) | 26.4 | (0.1) | 0.2 | 0.0 | (0.0) | 0.3 | (0.0) | 0.1 | 0.1 | 0.2 | (0.0) | 0.1 | 0.1 | (0.0) | (0.3) | (0.1) | 0.0 |
| Net Income From Continuing Ops | (60.0) | 32.5 | (32.8) | (43.2) | (59.8) | (40.2) | (38.1) | (54.0) | (54.7) | (30.7) | (62.0) | 4.3 | 129.1 | (27.2) | (39.9) | (47.7) | (34.4) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (60.0) | 32.5 | (32.8) | (43.2) | (59.8) | (40.2) | (38.1) | (54.0) | (54.7) | (30.7) | (62.0) | 4.3 | 129.1 | (27.2) | (39.9) | (47.7) | (34.4) | ||||||||||||
| Net Income Attributable To Parent | (60.0) | 32.5 | (32.8) | (43.2) | (59.8) | (40.2) | (38.1) | (54.0) | (54.7) | (30.7) | (62.0) | 4.3 | 129.1 | (27.2) | (39.9) | (47.7) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (60.0) | 32.5 | (32.8) | (43.2) | (59.8) | (40.2) | (38.1) | (54.0) | (54.7) | (30.7) | (62.0) | 4.3 | 129.1 | (27.2) | (39.9) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (0.81) | - | (0.45) | (0.59) | (0.82) | - | (0.52) | (0.74) | (0.76) | - | (0.86) | 0.06 | 1.81 | - | (0.56) | (0.67) | (0.48) | - | (0.49) | (0.49) | - | - | 0.06 | - | - | - | (0.26) | - | - |
| EPS Diluted | (0.81) | - | (0.45) | (0.59) | (0.82) | - | (0.52) | (0.74) | (0.76) | - | (0.86) | 0.06 | 1.75 | - | (0.56) | (0.67) | (0.48) | - | |||||||||||
| Shares Basic | 74.0 | - | 73.6 | 73.4 | 73.1 | - | 72.8 | 72.7 | 72.3 | - | 71.9 | 71.6 | 71.5 | - | 71.2 | 71.2 | 71.1 | - | |||||||||||
| Shares Diluted | 74.0 | - | 73.6 | 73.4 | 73.1 | - | 72.8 | 72.7 | 72.3 | - | 71.9 | 75.1 | 73.8 | - | 71.2 | 71.2 | 71.1 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (47.3) | - | - | - | (49.3) | - | - | - | (66.0) | - | - | - | (28.7) | - | - | - | (27.7) | - | - | - | (23.0) | - | - | - | (10.9) | - | - | - | (4.7) |
| EBIT | (48.8) | (17.2) | (45.9) | (52.9) | (50.9) | (20.7) | (68.4) | (52.7) | (67.4) | (29.6) | (56.2) | (61.1) | (30.5) | (28.5) | (46.2) | (43.5) | (28.6) | (22.5) | (34.7) | ||||||||||
| - |
| - |
| - |
| Selling & Marketing | 42.2 | 41.0 | 39.9 | 37.2 | 30.6 | 22.2 | 17.8 | 21.4 |
| General & Administrative | 92.5 | 95.4 | 99.7 | 99.1 | 90.8 | 64.0 | 41.9 | 27.0 |
| Depreciation & Amortization | - | 6.0 | 6.2 | 5.6 | 4.3 | 2.8 | 3.7 | 3.6 |
| Amortization of Intangibles | - | - | - | 0.6 | 0.5 | 0.0 | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 305.8 | 309.5 | 341.4 | 318.1 | 247.8 | 177.1 | 124.4 | 87.8 |
| - |
| - |
| Income From Equity Investments | - | 0.0 | 0.0 | 147.2 | 11.8 | (1.8) | 4.1 | 0.9 |
| Other Non-Operating Income | 62.6 | 64.6 | 23.6 | 220.4 | (2.3) | 10.6 | 34.6 | 12.7 |
| Pre-Tax Income | (102.2) | (102.3) | (185.7) | 42.9 | (149.1) | (100.8) | (26.3) | (26.0) |
| (101.2) |
| (26.6) |
| (25.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - |
| Net Income | (103.5) | (103.3) | (187.1) | 40.7 | (149.2) | (101.2) | (26.6) | (25.7) |
| Net Income Attributable To Parent | (103.5) | (103.3) | (187.1) | 40.7 | (149.2) | (100.4) | (24.5) | (24.6) |
| Less: Minority Interest | - | - | - | 0.0 | (0.0) | (0.8) | (2.2) | (1.1) |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (103.5) | (103.3) | (187.1) | 40.7 | (149.2) | (100.4) | (24.5) | (24.6) |
| (0.41) |
| - |
| Shares Basic | 74.0 | 73.4 | 72.7 | 71.8 | 71.2 | 70.6 | 60.0 | - |
| Shares Diluted | 74.0 | 73.4 | 72.7 | 75.0 | 71.2 | 70.6 | 60.0 | - |
| (60.9) |
| (38.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 6.0 |
| 5.6 |
| 5.4 |
| 5.2 |
| 4.7 |
| 4.0 |
| 4.4 |
| 4.8 |
| 5.7 |
| 5.2 |
| 5.3 |
| 5.1 |
| 17.8 |
| 17.0 |
| 15.9 |
| 13.4 |
| 13.6 |
| 9.7 |
| 9.7 |
| 8.9 |
| 6.5 |
| 6.5 |
| 8.9 |
| 5.1 |
| 1.0 |
| - |
| - |
| - |
| 0.9 |
| - |
| - |
| - |
| 0.9 |
| - |
| - |
| - |
| 0.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 56.6 |
| 48.9 |
| 45.8 |
| 42.3 |
| 40.1 |
| 35.6 |
| 30.7 |
| 30.7 |
| 27.4 |
| 23.4 |
| 22.0 |
| 23.8 |
| 18.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| 0.0 |
| - |
| (1.8) |
| - |
| - |
| 4.2 |
| - |
| - |
| - |
| - |
| - |
| (7.9) |
| (0.3) |
| (4.6) |
| 23.5 |
| 5.2 |
| 18.7 |
| 13.1 |
| (2.4) |
| 0.7 |
| (0.9) |
| 13.2 |
| (0.2) |
| (34.5) |
| (30.4) |
| (35.0) |
| (34.9) |
| (0.4) |
| (11.4) |
| 3.3 |
| (4.0) |
| (14.2) |
| (7.2) |
| (12.2) |
| (0.8) |
| (5.8) |
| (30.7) |
| (35.0) |
| (35.0) |
| (0.5) |
| (11.6) |
| 3.3 |
| (4.1) |
| (14.3) |
| (7.1) |
| (12.0) |
| (0.7) |
| (5.8) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (30.7) |
| (35.0) |
| (35.0) |
| (0.5) |
| (11.6) |
| 3.3 |
| (4.1) |
| (14.3) |
| (7.1) |
| (12.0) |
| (0.7) |
| (5.8) |
| (34.4) |
| (30.7) |
| (35.0) |
| (34.6) |
| (0.0) |
| (11.1) |
| 3.9 |
| (3.4) |
| (13.8) |
| (6.8) |
| (11.5) |
| (0.5) |
| (5.8) |
| (0.0) |
| (0.3) |
| (0.5) |
| (0.4) |
| (0.6) |
| (0.7) |
| (0.4) |
| (0.4) |
| (0.5) |
| (0.2) |
| (0.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (47.7) |
| (34.4) |
| (30.7) |
| (35.0) |
| (34.6) |
| (0.0) |
| (11.1) |
| 3.9 |
| (3.4) |
| (13.8) |
| (6.8) |
| (11.5) |
| (0.5) |
| (5.8) |
| (0.49) |
| (0.49) |
| - |
| - |
| 0.05 |
| - |
| - |
| - |
| (0.26) |
| - |
| - |
| 70.8 |
| 70.6 |
| - |
| - |
| 66.3 |
| - |
| - |
| - |
| 44.9 |
| - |
| - |
| 70.8 |
| 70.6 |
| - |
| - |
| 72.7 |
| - |
| - |
| - |
| 44.9 |
| - |
| - |
| (30.3) |
| (23.9) |
| (16.6) |
| (15.4) |
| (17.1) |
| (11.8) |
| (7.8) |
| (11.3) |
| (14.0) |
| (5.6) |