| (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 | 11.7 | 14.3 | 8.1 | 6.6 | 6.3 | 8.3 | 4.3 | 4.9 | 5.0 | 8.0 | 6.1 | 4.1 | 4.1 | 5.6 | 4.6 | 3.7 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||
| Revenues | 40.7 | 35.3 | 22.5 | 22.4 | 16.4 | 13.7 | 4.9 | 21.3 | 18.9 | 6.4 | 0.3 | 0.0 | - |
| Cost of Revenue | 19.5 | 19.5 | 21.9 | 19.3 | 13.7 | 14.5 | 22.3 | 40.7 | 27.1 | 9.8 | 0.7 | - | - |
| Gross Profit | 21.2 | 15.8 | 0.5 | 3.1 | 2.7 | (0.8) | (17.4) | (19.4) | (8.1) | (3.4) | (0.3) | - | - |
| Operating Expenses | |||||||||||||
| Research & Development | 32.9 | 31.6 | 41.1 | 48.8 | 39.7 | 27.2 | 20.4 | 38.4 | 31.9 | 30.7 | 26.3 | 18.3 | 12.9 |
| Selling General & Administrative | |||||||||||||
| Operating Income | |||||||||||||
| Operating Income | (86.7) | (68.3) | (74.8) | (75.6) | (68.6) | (57.2) | (79.1) | (130.7) | (87.6) | (56.3) | (42.4) | (28.8) | (18.7) |
| Non-Operating | |||||||||||||
| Interest Income | 4.3 | 4.2 | 4.5 | 5.4 | 1.8 | 0.2 | 0.2 | 1.9 | 2.0 | 0.1 | 0.1 | 0.0 | - |
| Interest Expense | 4.7 | ||||||||||||
| Tax & Net | |||||||||||||
| Income Tax Expense | 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 | |||||||||||||
| Per Share | |||||||||||||
| EPS Basic | (1.90) | (1.66) | (2.50) | (0.11) | 0.30 | (0.72) | (0.77) | (0.61) | - | - | - | - | - |
| EPS Diluted | (1.90) | ||||||||||||
| Supplementary Data | |||||||||||||
| EBITDA | - | (66.8) | (73.4) | (74.3) | (67.6) | (55.9) | (78.0) | (129.7) | (87.3) | (56.1) | (42.3) | (28.7) | (18.5) |
| EBIT | (86.7) | ||||||||||||
| 2.5 |
| 4.0 |
| 3.5 |
| 3.3 |
| 2.8 |
| 3.9 |
| 0.8 |
| 0.3 |
| 0.0 |
| 9.0 |
| 4.3 |
| 4.6 |
| 3.4 |
| 10.3 |
| 5.2 |
| 0.6 |
| 2.9 |
| 2.9 |
| 2.1 |
| 0.8 |
| 0.6 |
| - |
| 0.0 |
| 0.0 |
| Cost of Revenue | 4.8 | 6.6 | 4.6 | 3.5 | 4.8 | 4.3 | 8.3 | 4.6 | 4.7 | 6.9 | 4.9 | 3.7 | 3.7 | 5.0 | 3.9 | 2.9 | 2.0 | 4.5 | 4.8 | 2.9 | 2.3 | - | - | 1.4 | 19.7 | 17.2 | 7.7 | 9.2 | 6.7 | 12.2 | 7.7 | 3.8 | 3.3 | 4.0 | 3.0 | 1.7 | 1.0 | - | 0.1 | 0.0 |
| Gross Profit | 6.9 | 7.7 | 3.5 | 3.1 | 1.5 | 4.0 | (4.1) | 0.3 | 0.3 | 1.1 | 1.2 | 0.4 | 0.4 | 0.6 | 0.8 | 0.8 | 0.5 | (0.5) | (1.2) | 0.4 | 0.5 | - | - | (1.1) | (19.6) | (8.2) | (3.3) | (4.6) | (3.3) | (1.9) | (2.6) | (3.3) | (0.4) | (1.1) | (0.9) | (0.9) | (0.5) | - | (0.1) | (0.0) |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 8.6 | 8.8 | 7.8 | 7.7 | 7.3 | 9.4 | 10.5 | 10.8 | 10.4 | 10.7 | 12.8 | 12.8 | 12.4 | 11.6 | 11.0 | 9.3 | 7.8 | 7.7 | 7.2 | 7.1 | 5.3 | 4.7 | 4.6 | 3.8 | 7.4 | 9.7 | 11.1 | 10.5 | 7.1 | 8.1 | 7.4 | 8.3 | 8.1 | 8.4 | 9.8 | 5.6 | 7.0 | 5.5 | 6.9 | 7.5 |
| Selling General & Administrative | 30.2 | 19.8 | 15.3 | 9.7 | 7.7 | 8.9 | 8.3 | 9.0 | 8.1 | 7.3 | 7.4 | 7.5 | 7.7 | 7.9 | 7.3 | 8.6 | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.5 | |||||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.4 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.5 | - | - | - | 0.4 | - | - | - | 0.2 | - | - | - | 0.2 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (31.8) | (20.9) | (19.6) | (14.3) | (13.5) | (14.3) | (22.8) | (19.5) | (18.2) | (17.0) | (19.0) | (19.9) | (19.7) | (18.9) | (17.6) | (17.0) | (15.2) | (13.9) | (16.0) | (15.9) | (11.3) | (10.3) | (12.5) | (12.5) | (43.8) | (34.9) | (31.4) | (34.7) | (29.8) | (28.6) | (23.0) | (20.1) | (15.9) | (15.7) | (16.6) | (11.6) | (12.4) | (9.4) | (10.5) | (11.6) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 0.7 | 1.3 | 1.2 | 1.0 | 0.7 | 0.9 | 1.0 | 1.2 | 1.4 | 1.5 | 1.5 | 1.3 | 1.1 | 0.9 | 0.5 | 0.2 | 0.1 | (0.5) | 0.5 | 0.2 | 0.0 | (0.0) | 0.0 | 0.0 | 0.2 | 0.4 | 0.5 | 0.4 | 0.6 | 0.8 | 0.8 | 0.2 | 0.2 | (0.1) | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 1.2 | 1.2 | 1.2 | 1.1 | 1.4 | 2.2 | 2.1 | 2.1 | 2.0 | 1.7 | 2.4 | 2.3 | 4.7 | 4.9 | 4.8 | 4.5 | 4.5 | 4.4 | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | (0.5) | 0.1 | 0.1 | (0.2) | (0.8) | (1.2) | (1.1) | (0.8) | (0.6) | (0.2) | (5.1) | (0.6) | 21.0 | 30.4 | (42.8) | 121.3 | 101.9 | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 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 | 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 | (32.3) | (20.8) | (19.5) | (14.5) | (14.3) | (15.5) | (24.0) | (20.3) | (18.9) | (17.2) | (24.1) | (20.4) | 1.3 | 11.6 | (60.4) | 104.2 | 86.7 | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (32.3) | (20.8) | (19.5) | (14.5) | (14.3) | (15.5) | (24.0) | (20.3) | (18.9) | (17.2) | (24.1) | (20.4) | 1.3 | 11.6 | (60.4) | 104.2 | 86.7 | |||||||||||||||||||||||
| Net Income Attributable To Parent | (32.3) | (20.8) | (19.5) | (14.5) | (14.3) | (15.5) | (24.0) | (20.3) | (18.9) | (17.2) | (24.1) | (20.4) | 1.3 | 11.6 | (60.4) | 104.2 | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (32.3) | (20.8) | (19.5) | (14.5) | (14.3) | (15.5) | (24.0) | (20.3) | (18.9) | (17.2) | (24.1) | (20.4) | 1.3 | 11.6 | (60.4) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.71) | - | (0.43) | (0.02) | (0.40) | - | (0.77) | (0.03) | (0.03) | - | (0.04) | (0.04) | 0.00 | - | (0.13) | 0.22 | 0.19 | - | 0.10 | (0.42) | (0.68) | - | (0.10) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.71) | - | (0.43) | (0.02) | (0.40) | - | (0.77) | (0.03) | (0.03) | - | (0.04) | (0.04) | 0.00 | - | (0.13) | (0.03) | (0.03) | - | ||||||||||||||||||||||
| Shares Basic | 45.8 | - | 45.0 | 813.4 | 35.9 | - | 31.0 | 616.6 | 614.6 | - | 592.5 | 567.1 | 497.5 | - | 472.5 | 464.1 | 455.9 | - | ||||||||||||||||||||||
| Shares Diluted | 45.8 | - | 45.0 | 813.4 | 35.9 | - | 31.0 | 616.6 | 614.6 | - | 592.5 | 567.1 | 540.5 | - | 472.5 | 601.3 | 605.2 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (31.3) | - | - | - | (13.1) | - | - | - | (18.1) | - | - | - | (19.5) | - | - | - | (14.9) | - | - | - | (11.0) | - | - | - | (43.5) | - | - | - | (29.6) | - | - | - | (15.9) | - | - | - | (12.4) | - | - | - |
| EBIT | (31.8) | (20.9) | (19.6) | (14.3) | (13.5) | (14.3) | (22.8) | (19.5) | (18.2) | (17.0) | (19.0) | (19.9) | (19.7) | (18.9) | (17.6) | (17.0) | (15.2) | (13.9) | (16.0) | |||||||||||||||||||||
| 75.0 |
| 52.5 |
| 34.2 |
| 29.9 |
| 31.6 |
| 29.2 |
| 41.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | 5.5 | 20.6 | 49.6 | 27.7 | 6.9 | 2.7 | 0.8 | 0.1 |
| General & Administrative | - | - | - | - | - | 21.5 | 20.8 | 23.2 | 19.8 | 15.3 | 13.0 | 9.8 | 5.7 |
| Depreciation & Amortization | - | 1.5 | 1.5 | 1.3 | 1.0 | 1.2 | 1.1 | 1.0 | 0.3 | 0.2 | 0.2 | 0.1 | 0.2 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 5.0 |
| 8.4 |
| 11.1 |
| 18.7 |
| 16.7 |
| 16.2 |
| 11.8 |
| 8.3 |
| 3.1 |
| 1.6 |
| 1.1 |
| 0.2 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.5) | (0.8) | (3.8) | 15.2 | 210.7 | (245.3) | (96.0) | 15.1 | (6.4) | (2.8) | (1.5) | 0.0 | 0.0 |
| Pre-Tax Income | - | (69.1) | (78.6) | - | - | - | - | - | - | - | - | - | - |
| (87.2) |
| (69.1) |
| (78.6) |
| (60.4) |
| 142.1 |
| (302.5) |
| (175.2) |
| (115.5) |
| (94.0) |
| (59.1) |
| (43.9) |
| (29.9) |
| (18.9) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (87.2) | (69.1) | (78.6) | (60.4) | 142.1 | (302.5) | (175.2) | (115.5) | (94.0) | (59.1) | (43.9) | (29.9) | (18.9) |
| Net Income Attributable To Parent | (87.2) | (69.1) | (78.6) | (60.4) | 142.1 | (302.5) | (175.2) | (115.5) | (94.0) | (59.1) | (43.9) | (29.9) | (18.9) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (87.2) | (69.1) | (78.6) | (60.4) | 142.1 | (302.5) | (175.2) | (115.5) | (94.0) | (59.1) | (43.9) | (30.3) | (18.9) |
| (1.66) |
| (2.50) |
| (0.11) |
| (0.11) |
| (0.72) |
| (0.77) |
| (0.61) |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 45.8 | 41.7 | 31.5 | 568.0 | 468.0 | 422.3 | 227.9 | 188.8 | - | - | - | - | - |
| Shares Diluted | 45.8 | 41.7 | 31.5 | 568.0 | 618.2 | 422.3 | 227.9 | 188.8 | - | - | - | - | - |
| (68.3) |
| (74.8) |
| (75.6) |
| (68.6) |
| (57.2) |
| (79.1) |
| (130.7) |
| (87.6) |
| (56.3) |
| (42.4) |
| (28.8) |
| (18.7) |
| 7.9 |
| - |
| 7.6 |
| 9.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.2) |
| 2.5 |
| 1.6 |
| 1.6 |
| 3.0 |
| 3.2 |
| 3.1 |
| 11.1 |
| 11.0 |
| 11.6 |
| 14.2 |
| 12.8 |
| 10.3 |
| 7.9 |
| 6.2 |
| 3.4 |
| 2.4 |
| 2.1 |
| 1.2 |
| 1.1 |
| 0.7 |
| 0.7 |
| 0.6 |
| 3.9 |
| 5.1 |
| 7.5 |
| 5.0 |
| 5.2 |
| 5.5 |
| 4.4 |
| 5.7 |
| 5.9 |
| 5.4 |
| 5.4 |
| 6.5 |
| 5.3 |
| 5.1 |
| 5.4 |
| 4.0 |
| 3.8 |
| 3.9 |
| 3.9 |
| 3.8 |
| 3.0 |
| 2.8 |
| 3.4 |
| 0.3 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.2 |
| 4.0 |
| 4.1 |
| 4.6 |
| 3.6 |
| 3.6 |
| 4.4 |
| - |
| - |
| 2.0 |
| 2.0 |
| 2.1 |
| 2.2 |
| 2.2 |
| 1.8 |
| 0.7 |
| 0.9 |
| 0.8 |
| 0.7 |
| 0.6 |
| 0.5 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 98.4 |
| 58.9 |
| (164.4) |
| (238.2) |
| (91.3) |
| (11.0) |
| 5.0 |
| 1.2 |
| (0.7) |
| 11.9 |
| 3.6 |
| 0.4 |
| 21.3 |
| (8.9) |
| (12.4) |
| (6.3) |
| (0.6) |
| (0.8) |
| (0.7) |
| (0.7) |
| (1.5) |
| 0.1 |
| (0.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 84.4 |
| 42.9 |
| (180.3) |
| (249.5) |
| (101.6) |
| (23.4) |
| (7.5) |
| (42.6) |
| (35.6) |
| (19.5) |
| (31.1) |
| (29.4) |
| (7.3) |
| (31.9) |
| (32.5) |
| (22.3) |
| (16.3) |
| (17.4) |
| (12.4) |
| (13.1) |
| (10.0) |
| (10.9) |
| (11.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 84.4 |
| 42.9 |
| (180.3) |
| (249.5) |
| (101.6) |
| (23.4) |
| (7.5) |
| (42.6) |
| (35.6) |
| (19.5) |
| (31.1) |
| (29.4) |
| (7.3) |
| (31.9) |
| (32.5) |
| (22.3) |
| (16.3) |
| (17.4) |
| (12.4) |
| (13.1) |
| (10.0) |
| (10.9) |
| (11.9) |
| 86.7 |
| 84.4 |
| 42.9 |
| (180.3) |
| (249.5) |
| (101.6) |
| (23.4) |
| (7.5) |
| (42.6) |
| (35.6) |
| (19.5) |
| (31.1) |
| (29.4) |
| (7.3) |
| (31.9) |
| (32.5) |
| (22.3) |
| (16.3) |
| (17.4) |
| (12.4) |
| (13.1) |
| (10.0) |
| (10.9) |
| (11.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 104.2 |
| 86.7 |
| 84.4 |
| 42.9 |
| (180.3) |
| (249.5) |
| (101.6) |
| (23.4) |
| (7.5) |
| (42.6) |
| (35.6) |
| (19.5) |
| (31.1) |
| (29.4) |
| (7.3) |
| (31.9) |
| (32.5) |
| (22.3) |
| (16.3) |
| (17.4) |
| (12.4) |
| (13.1) |
| (10.0) |
| (10.9) |
| (11.9) |
| 0.08 |
| (0.42) |
| (0.68) |
| - |
| (0.10) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 445.4 |
| 431.8 |
| 364.3 |
| - |
| 236.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 581.8 |
| 431.8 |
| 364.3 |
| - |
| 236.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (15.9) |
| (11.3) |
| (10.3) |
| (12.5) |
| (12.5) |
| (43.8) |
| (34.9) |
| (31.4) |
| (34.7) |
| (29.8) |
| (28.6) |
| (23.0) |
| (20.1) |
| (15.9) |
| (15.7) |
| (16.6) |
| (11.6) |
| (12.4) |
| (9.4) |
| (10.5) |
| (11.6) |