| (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 | 1.4 | 14.2 | 0.6 | 18.3 | 6.4 | 7.6 | 49.4 | 0.4 | 0.5 | 2.0 | 9.4 | 6.8 | 158.0 | 27.2 | 26.5 | 29.4 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||
| Revenues | 34.6 | 39.6 | 57.8 | 176.2 | 111.3 | 110.7 | 118.2 | 102.4 | 84.5 | 36.6 | 19.4 | 39.5 | 45.9 | 24.1 | 21.7 | 10.3 | 20.8 | 22.2 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Operating Expenses | ||||||||||||||||||
| Research & Development | 113.2 | 112.7 | 111.5 | 234.1 | 249.9 | 230.8 | 180.6 | 145.9 | 114.9 | 65.7 | 65.6 | 67.2 | 57.0 | 37.0 | 31.7 | |||
| Operating Income | ||||||||||||||||||
| Operating Income | (123.6) | (121.2) | (104.0) | (274.0) | (201.3) | (183.3) | (129.6) | (105.2) | (77.2) | (56.4) | (72.6) | (46.9) | (26.8) | (26.7) | ||||
| Non-Operating | ||||||||||||||||||
| Interest Income | - | 1.3 | 1.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| Tax & Net | ||||||||||||||||||
| Income Tax Expense | (0.7) | (0.6) | (0.2) | (5.1) | 0.4 | 0.3 | 0.3 | 0.0 | 0.0 | 0.0 | (0.0) | (5.7) | 0.0 | - | - | |||
| Per Share | ||||||||||||||||||
| EPS Basic | (0.32) | (0.44) | (0.49) | (1.48) | (1.25) | (1.23) | (0.90) | (0.85) | - | - | - | - | - | - | - | - | ||
| Supplementary Data | ||||||||||||||||||
| EBITDA | - | (117.3) | (98.9) | (258.9) | (189.2) | (173.9) | (123.9) | (101.3) | (74.8) | (54.9) | (71.6) | (45.9) | (26.2) | (26.1) | (21.5) | (35.2) | ||
| 28.2 |
| 28.0 |
| 28.6 |
| 27.9 |
| 26.3 |
| 25.8 |
| 57.8 |
| 21.6 |
| 13.1 |
| 54.9 |
| 22.0 |
| 17.5 |
| 8.1 |
| 26.8 |
| 23.6 |
| 21.4 |
| 12.6 |
| 13.1 |
| 11.8 |
| 8.3 |
| 3.4 |
| 8.9 |
| 2.8 |
| 3.7 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 26.6 | 31.4 | 28.1 | 27.1 | 26.0 | 23.7 | 27.7 | 24.2 | 35.9 | 50.7 | 57.1 | 63.0 | 63.2 | 66.2 | 65.1 | 60.0 | 58.6 | 51.8 | 62.5 | 60.1 | 56.4 | 52.4 | 45.3 | 41.5 | 41.5 | 38.3 | 36.3 | 36.5 | 34.9 | 33.3 | 28.8 | 29.3 | 23.5 | 19.4 | 18.4 | 15.0 | 12.9 | 13.9 | 17.0 | 19.5 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 6.8 | 7.8 | 8.0 | 9.1 | 10.1 | 9.9 | 11.0 | 12.0 | 11.8 | 13.1 | 13.9 | 16.0 | 18.1 | 16.4 | 16.2 | 15.1 | 14.9 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.7 | - | - | - | 1.0 | - | - | - | 1.4 | - | - | - | 3.5 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 33.4 | 52.4 | 36.1 | 36.2 | 36.1 | 33.5 | 38.8 | 37.4 | 52.0 | 64.1 | 115.8 | 130.4 | 139.9 | 82.6 | 81.4 | 75.1 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (31.9) | (38.2) | (35.6) | (17.9) | (29.6) | (26.0) | 10.6 | (37.1) | (51.5) | (62.1) | (106.4) | (123.6) | 18.0 | (55.4) | (54.9) | (45.7) | (45.3) | (39.9) | (48.4) | (48.7) | (46.3) | (43.4) | (3.7) | (37.9) | (44.5) | 1.5 | (29.2) | (33.5) | (43.9) | (20.8) | (16.2) | (19.1) | (21.0) | (13.8) | (13.0) | (12.8) | (16.8) | (9.8) | (19.2) | (26.8) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 0.7 | (0.0) | 0.1 | (2.5) | (1.2) | 1.9 | (0.2) | 0.6 | 2.1 | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Pre-Tax Income | (31.0) | (38.0) | (35.1) | (20.0) | (30.5) | (23.8) | 10.8 | (36.1) | (49.0) | (60.6) | (102.9) | (120.8) | 21.3 | (51.7) | (53.1) | (43.1) | ||||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | (0.6) | (0.2) | 0.0 | 0.1 | (0.4) | 0.1 | 0.1 | 0.1 | (0.3) | 1.3 | (6.3) | 0.2 | 0.3 | 0.0 | 0.1 | 0.1 | (0.1) | 0.1 | 0.0 | 0.3 | 0.1 | 0.2 | 0.0 | 0.0 | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | (0.0) | (0.0) |
| Net Income From Continuing Ops | (31.0) | (37.4) | (34.9) | (20.0) | (30.6) | (23.4) | 10.7 | (36.1) | (49.1) | (60.3) | (104.2) | (114.5) | 21.1 | (52.0) | (53.2) | (43.2) | (44.0) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (31.0) | (37.4) | (34.9) | (20.0) | (30.6) | (23.4) | 10.7 | (36.1) | (49.1) | (60.3) | (104.2) | (114.5) | 21.1 | (52.0) | (53.2) | (43.2) | (44.0) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (31.0) | (37.4) | (34.9) | (20.0) | (30.6) | (23.4) | 10.7 | (36.1) | (49.1) | (60.3) | (104.2) | (114.5) | 21.1 | (52.0) | (53.2) | (43.2) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (31.0) | (37.4) | (34.9) | (20.0) | (30.6) | (22.1) | 9.4 | (36.1) | (49.1) | (60.3) | (104.2) | (114.5) | 21.1 | (52.0) | (53.2) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.08) | - | (0.11) | (0.08) | (0.14) | - | 0.05 | (0.18) | (0.27) | - | (0.59) | (0.66) | 0.13 | - | (0.34) | (0.29) | (0.30) | - | (0.33) | (0.33) | (0.32) | - | (0.01) | (0.26) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.08) | - | (0.11) | (0.08) | (0.14) | - | 0.04 | (0.18) | (0.27) | - | (0.59) | (0.66) | 0.12 | - | (0.34) | (0.29) | (0.30) | - | ||||||||||||||||||||||
| Shares Basic | 389.6 | - | 304.3 | 257.0 | 220.3 | - | 208.3 | 203.9 | 180.3 | - | 177.2 | 174.3 | 168.5 | - | 158.0 | 148.2 | 146.2 | - | ||||||||||||||||||||||
| Shares Diluted | 389.6 | - | 304.3 | 257.0 | 220.3 | - | 214.3 | 203.9 | 180.3 | - | 177.2 | 174.3 | 169.2 | - | 158.0 | 148.2 | 146.2 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (31.2) | - | - | - | (28.6) | - | - | - | (50.1) | - | - | - | 21.5 | - | - | - | (42.4) | - | - | - | (44.4) | - | - | - | (43.2) | - | - | - | (43.2) | - | - | - | (20.4) | - | - | - | (16.5) | - | - | - |
| EBIT | (31.9) | (38.2) | (35.6) | (17.9) | (29.6) | (26.0) | 10.6 | (37.1) | (51.5) | (62.1) | (106.4) | (123.6) | 18.0 | (55.4) | (54.9) | (45.7) | (45.3) | (39.9) | (48.4) | |||||||||||||||||||||
| - |
| 32.1 |
| 33.2 |
| 29.0 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 31.6 | 34.9 | 44.7 | 61.2 | 62.7 | 63.2 | 67.1 | 61.7 | 46.7 | 27.2 | 26.3 | 19.2 | 15.7 | 13.8 | 12.1 | 14.0 | 12.6 | 12.6 |
| Depreciation & Amortization | - | 4.0 | 5.1 | 15.1 | 12.1 | 9.4 | 5.7 | 3.9 | 2.4 | 1.5 | 1.0 | 1.0 | 0.5 | 0.6 | 0.7 | 0.6 | 0.7 | 0.6 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 158.1 | 160.8 | 161.8 | 450.2 | 312.6 | 294.0 | 247.7 | 207.6 | 161.6 | 92.9 | 91.9 | 86.4 | 72.7 | 50.8 | 43.9 | 46.1 | 45.7 | 41.6 |
| (22.2) |
| (35.8) |
| (24.9) |
| (19.4) |
| - |
| - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (1.8) | (3.6) | 4.3 | - | - | - | - | - | - | - | 0.9 | 0.4 | 0.4 | 0.1 | (0.1) | 0.1 | 0.1 | 0.5 |
| Pre-Tax Income | (124.0) | (123.5) | (98.1) | (262.9) | (191.8) | (178.0) | (120.8) | (95.4) | (68.9) | (54.6) | (71.7) | (46.4) | (26.4) | (26.6) | - | - | - | - |
| - |
| - |
| - |
| Net Income From Continuing Ops | (123.3) | (122.9) | (97.9) | (257.8) | (192.3) | (178.3) | (121.1) | (95.4) | (68.9) | (54.6) | (71.7) | (40.7) | (26.4) | (26.6) | (22.3) | (35.8) | (24.9) | (18.6) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (123.3) | (122.9) | (97.9) | (257.8) | (192.3) | (178.3) | (121.1) | (95.4) | (68.9) | (54.6) | (71.7) | (40.7) | (26.4) | (26.6) | (22.3) | (35.8) | (24.9) | (18.6) |
| Net Income Attributable To Parent | (123.3) | (122.9) | (97.9) | (257.8) | (192.3) | (178.3) | (121.0) | (95.2) | (68.3) | (54.6) | (71.7) | (40.7) | (26.4) | (26.6) | (22.3) | (35.8) | (24.9) | (18.6) |
| Less: Minority Interest | - | - | - | 0.0 | 0.0 | (0.0) | (0.1) | (0.2) | (0.6) | 0.0 | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (123.3) | (122.9) | (97.9) | (257.8) | (192.3) | (178.3) | (121.0) | (95.2) | (68.3) | (54.6) | (71.7) | (40.7) | (26.4) | (26.6) | (22.3) | (35.8) | (24.9) | (18.6) |
| - |
| - |
| EPS Diluted | (0.32) | (0.44) | (0.49) | (1.48) | (1.25) | (1.23) | (0.90) | (0.85) | - | - | - | - | - | - | - | - | - | - |
| Shares Basic | 389.6 | 280.2 | 201.7 | 174.4 | 154.3 | 144.6 | 134.4 | 112.1 | - | - | - | - | - | - | - | - | - | - |
| Shares Diluted | 389.6 | 280.2 | 201.7 | 174.4 | 154.3 | 144.6 | 134.4 | 112.1 | - | - | - | - | - | - | - | - | - | - |
| (24.3) |
| (18.8) |
| EBIT | (123.6) | (121.2) | (104.0) | (274.0) | (201.3) | (183.3) | (129.6) | (105.2) | (77.2) | (56.4) | (72.6) | (46.9) | (26.8) | (26.7) | (22.2) | (35.8) | (24.9) | (19.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.1 |
| 14.5 |
| 16.5 |
| 16.1 |
| 16.9 |
| 16.2 |
| 17.9 |
| 16.1 |
| 15.1 |
| 14.9 |
| 14.6 |
| 17.1 |
| 14.4 |
| 11.0 |
| 11.3 |
| 10.1 |
| 7.5 |
| 6.4 |
| 6.0 |
| 7.3 |
| 4.9 |
| 5.0 |
| 11.1 |
| 2.8 |
| - |
| - |
| - |
| 1.9 |
| - |
| - |
| - |
| 1.3 |
| - |
| - |
| - |
| 0.7 |
| - |
| - |
| - |
| 0.6 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 73.5 |
| 67.9 |
| 77.0 |
| 76.6 |
| 72.6 |
| 69.2 |
| 61.5 |
| 59.5 |
| 57.6 |
| 53.4 |
| 51.2 |
| 51.1 |
| 52.0 |
| 47.6 |
| 39.8 |
| 40.6 |
| 33.6 |
| 26.8 |
| 24.8 |
| 21.0 |
| 20.2 |
| 18.8 |
| 22.0 |
| 30.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (43.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (12.4) |
| (12.5) |
| - |
| (9.6) |
| (19.0) |
| (26.6) |
| (37.5) |
| (47.7) |
| (47.2) |
| (45.9) |
| (40.7) |
| (1.5) |
| (36.0) |
| (43.0) |
| 4.5 |
| (27.4) |
| (30.4) |
| (42.2) |
| (19.2) |
| (12.8) |
| (16.6) |
| (20.2) |
| (13.1) |
| (12.4) |
| (12.5) |
| (16.6) |
| (9.6) |
| (19.0) |
| (26.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (37.5) |
| (47.7) |
| (47.2) |
| (45.9) |
| (40.7) |
| (1.5) |
| (36.0) |
| (43.0) |
| 4.5 |
| (27.4) |
| (30.4) |
| (42.2) |
| (19.2) |
| (12.8) |
| (16.6) |
| (20.2) |
| (13.1) |
| (12.4) |
| (12.5) |
| (16.6) |
| (9.6) |
| (19.0) |
| (26.6) |
| (44.0) |
| (37.5) |
| (47.7) |
| (47.2) |
| (45.9) |
| (40.6) |
| (1.6) |
| (35.9) |
| (42.9) |
| 4.6 |
| (27.3) |
| (30.3) |
| (42.2) |
| (18.7) |
| (12.8) |
| (16.6) |
| (20.2) |
| (13.1) |
| (12.4) |
| (12.5) |
| (16.6) |
| (9.6) |
| (19.0) |
| (26.6) |
| 0.0 |
| (0.0) |
| (0.0) |
| (0.1) |
| 0.0 |
| (0.0) |
| (0.1) |
| (0.1) |
| (0.1) |
| (0.1) |
| (0.1) |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (43.2) |
| (44.0) |
| (37.5) |
| (47.7) |
| (47.2) |
| (45.9) |
| (40.6) |
| (1.6) |
| (35.9) |
| (42.9) |
| 4.6 |
| (27.3) |
| (30.3) |
| (42.2) |
| (18.7) |
| (12.8) |
| (16.6) |
| (20.2) |
| (13.1) |
| (12.4) |
| (12.5) |
| (16.6) |
| (9.6) |
| (19.0) |
| (26.6) |
| (0.33) |
| (0.33) |
| (0.32) |
| - |
| (0.01) |
| (0.26) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 145.4 |
| 144.0 |
| 143.1 |
| - |
| 141.1 |
| 139.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 145.4 |
| 144.0 |
| 143.1 |
| - |
| 141.1 |
| 139.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (48.7) |
| (46.3) |
| (43.4) |
| (3.7) |
| (37.9) |
| (44.5) |
| 1.5 |
| (29.2) |
| (33.5) |
| (43.9) |
| (20.8) |
| (16.2) |
| (19.1) |
| (21.0) |
| (13.8) |
| (13.0) |
| (12.8) |
| (16.8) |
| (9.8) |
| (19.2) |
| (26.8) |