| (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 | Q3 FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||
| Revenues | 52.6 | 56.3 | 48.7 | 48.6 | 47.3 | 49.0 | 40.3 | 40.0 | 37.9 | 38.9 | 34.0 | 33.3 | 32.7 | 32.0 | 26.4 | 25.6 | ||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 206.2 | 200.9 | 167.2 | 138.9 | 106.4 | 90.2 | 73.4 | 67.3 | 55.4 | 48.0 |
| Cost of Revenue | 42.1 | 41.0 | 35.1 | 29.5 | 15.7 | 10.4 | 8.9 | 6.8 | 4.8 | 5.1 |
| Gross Profit | 164.1 | 159.9 | 132.1 | 109.4 | 90.7 | 79.7 | 64.5 | 60.5 | 50.5 | 42.9 |
| Operating Expenses | ||||||||||
| Research & Development | 17.1 | 17.4 | 16.6 | 15.0 | 13.6 | 12.4 | 9.5 | 7.3 | 5.4 | 5.5 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (19.9) | (22.3) | (35.2) | (46.9) | (59.6) | (51.7) | (38.6) | (36.0) | (12.0) | (17.4) |
| Non-Operating | ||||||||||
| Interest Income | 5.8 | 6.1 | 7.8 | 6.9 | 1.3 | 0.2 | 1.1 | 2.6 | 0.8 | 0.2 |
| Interest Expense | 2.6 | 2.6 | 3.4 | 3.5 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | 0.0 | 0.0 |
| Net Income From Continuing Ops | (16.7) | (18.9) | (30.9) | |||||||
| Per Share | ||||||||||
| EPS Basic | (0.38) | (0.44) | (0.75) | (1.13) | (1.79) | (1.71) | (1.50) | - | - | - |
| EPS Diluted | (0.38) | (0.44) | (0.75) | (1.13) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (13.8) | (16.6) | (30.9) | (41.5) | (56.2) | (49.6) | (37.4) | (35.2) | (11.2) | (16.3) |
| EBIT | (19.9) | (22.3) | (35.2) | (46.9) | ||||||
| 22.4 |
| 25.2 |
| 22.3 |
| 22.2 |
| 20.4 |
| 22.1 |
| 20.4 |
| 14.0 |
| 16.8 |
| 19.8 |
| 16.2 |
| 16.3 |
| 15.0 |
| 15.6 |
| 13.4 |
| 13.7 |
| 12.7 |
| 11.7 |
| Cost of Revenue | 10.6 | 11.8 | 9.8 | 9.8 | 9.6 | 10.2 | 8.4 | 8.4 | 8.0 | 10.2 | 7.0 | 6.3 | 5.9 | 5.1 | 4.2 | 3.5 | 3.0 | 3.4 | 2.5 | 2.4 | 2.2 | 2.3 | 2.6 | 2.1 | 1.9 | 2.0 | 1.6 | 1.6 | 1.5 | 1.4 | 1.2 | 1.2 | 1.0 | 1.3 |
| Gross Profit | 41.9 | 44.5 | 38.8 | 38.8 | 37.7 | 38.8 | 31.9 | 31.6 | 29.9 | 28.7 | 27.0 | 27.0 | 26.8 | 26.9 | 22.3 | 22.1 | 19.5 | 21.9 | 19.8 | 19.8 | 18.2 | 19.9 | 17.8 | 11.9 | 14.9 | 17.8 | 14.6 | 14.7 | 13.5 | 14.2 | 12.2 | 12.5 | 11.7 | 10.4 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Research & Development | 4.2 | 4.4 | 4.2 | 4.3 | 4.5 | 3.9 | 4.0 | 4.4 | 4.3 | 4.2 | 3.9 | 3.7 | 3.3 | 3.5 | 3.1 | 3.5 | 3.6 | 3.0 | 3.3 | 3.1 | 3.0 | 2.4 | 2.8 | 2.2 | 2.1 | 1.8 | 1.9 | 1.9 | 1.7 | 1.5 | 1.4 | 1.3 | 1.2 | 1.5 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Selling & Marketing | 32.8 | 32.8 | 30.0 | 30.8 | 30.7 | 31.2 | 27.4 | 29.0 | 29.4 | 28.9 | 26.5 | 27.5 | 27.3 | 27.6 | 25.7 | 28.8 | 25.6 | |||||||||||||||||
| General & Administrative | 10.0 | 9.8 | 10.0 | 10.7 | 10.0 | 9.2 | 8.1 | 8.3 | 8.2 | 8.1 | 7.7 | 7.8 | 7.5 | 7.1 | 7.1 | 7.7 | 7.1 | |||||||||||||||||
| Depreciation & Amortization | 1.6 | 1.6 | 1.5 | 1.4 | 1.3 | 1.2 | 1.1 | 1.0 | 1.1 | 1.6 | 1.5 | 1.2 | 1.1 | 1.0 | 0.9 | 0.8 | ||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Total Operating Expenses | 47.0 | 47.0 | 44.2 | 45.8 | 45.2 | 44.3 | 39.5 | 41.7 | 41.9 | 41.2 | 38.1 | 39.0 | 38.1 | 38.2 | 35.8 | 40.0 | ||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (5.1) | (2.5) | (5.4) | (7.0) | (7.5) | (5.5) | (7.6) | (10.1) | (12.0) | (12.5) | (11.2) | (12.0) | (11.3) | (11.3) | (13.6) | (17.9) | (16.9) | (13.9) | (13.2) | (13.0) | (11.6) | (7.9) | (8.7) | (10.1) | (11.9) | (8.5) | (10.6) | (8.1) | (8.8) | (4.3) | (3.0) | (1.7) | (2.9) | (5.0) |
| Non-Operating | ||||||||||||||||||||||||||||||||||
| Interest Income | 1.4 | 1.4 | 1.5 | 1.5 | 1.6 | 1.8 | 1.9 | 2.0 | 2.1 | 2.2 | 2.2 | 1.6 | 0.9 | 0.7 | 0.3 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.3 | 0.5 | 0.5 | 0.6 | 0.7 | 0.7 | 0.6 | 0.1 | 0.1 | 0.1 | 0.0 |
| Interest Expense | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.9 | 0.8 | 0.6 | 0.6 | 0.6 | ||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Other Non-Operating Income | 0.0 | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.2 | (0.1) | 0.0 | 0.1 | 0.3 | (0.2) | (0.1) | (0.1) | |||||||||||||||||
| 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (4.3) | (1.6) | (4.6) | (6.2) | (6.5) | (4.5) | (6.6) | (8.9) | (10.9) | (11.0) | (10.0) | (11.2) | (11.1) | (11.2) | (14.2) | (18.5) | (17.4) | |||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income | (4.3) | (1.6) | (4.6) | (6.2) | (6.5) | (4.5) | (6.6) | (8.9) | (10.9) | (11.0) | (10.0) | (11.2) | (11.1) | (11.2) | (14.2) | (18.5) | (17.4) | |||||||||||||||||
| Net Income Attributable To Parent | (4.3) | (1.6) | (4.6) | (6.2) | (6.5) | (4.5) | (6.6) | (8.9) | (10.9) | (11.0) | (10.0) | (11.2) | (11.1) | (11.2) | (14.2) | (18.5) | ||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income To Common Shareholders | (4.3) | (1.6) | (4.6) | (6.2) | (6.5) | (4.5) | (6.6) | (8.9) | (10.9) | (11.0) | (10.0) | (11.2) | (11.1) | (11.2) | (14.2) | |||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||
| EPS Basic | (0.10) | - | (0.11) | (0.14) | (0.15) | - | (0.16) | (0.22) | (0.27) | - | (0.25) | (0.30) | (0.32) | - | (0.41) | (0.54) | (0.52) | - | (0.48) | (0.42) | (0.37) | - | (0.33) | (0.44) | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.10) | - | (0.11) | (0.14) | (0.15) | - | (0.16) | (0.22) | (0.27) | - | (0.25) | (0.30) | (0.32) | - | (0.41) | (0.54) | (0.52) | - | ||||||||||||||||
| Shares Basic | 44.0 | - | 43.2 | 42.8 | 42.3 | - | 41.7 | 41.3 | 40.9 | - | 40.3 | 37.9 | 34.9 | - | 34.4 | 34.1 | 33.8 | - | ||||||||||||||||
| Shares Diluted | 44.0 | - | 43.2 | 42.8 | 42.3 | - | 41.7 | 41.3 | 40.9 | - | 40.3 | 37.9 | 34.9 | - | 34.4 | 34.1 | 33.8 | - | ||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||
| EBITDA | (3.5) | (0.9) | (3.9) | (5.6) | (6.2) | (4.3) | (6.5) | (9.1) | (11.0) | (10.9) | (9.7) | (10.8) | (10.2) | (10.3) | (12.7) | (17.1) | (16.2) | (13.3) | (12.6) | (12.5) | (11.2) | (7.6) | (8.4) | (9.8) | (11.6) | (8.3) | (10.4) | (7.9) | (8.6) | (4.2) | (2.8) | (1.5) | (2.7) | (4.7) |
| EBIT | (5.1) | (2.5) | (5.4) | (7.0) | (7.5) | (5.5) | (7.6) | (10.1) | (12.0) | (12.5) | (11.2) | (12.0) | (11.3) | (11.3) | (13.6) | (17.9) | (16.9) | (13.9) | (13.2) | |||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 126.4 | 124.2 | 117.1 | 110.3 | 107.7 | 93.9 | 73.8 | 68.3 | 44.5 | 41.6 |
| General & Administrative | 40.6 | 40.5 | 33.8 | 31.1 | 29.0 | 25.1 | 19.8 | 21.0 | 12.6 | 13.1 |
| Depreciation & Amortization | 6.1 | 5.8 | 4.4 | 5.4 | 3.5 | 2.1 | 1.1 | 0.8 | 0.7 | 1.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 184.1 | 182.2 | 167.4 | 156.4 | 150.3 | 131.4 | 103.1 | 96.5 | 62.5 | 60.2 |
| 2.8 |
| 5.4 |
| 6.1 |
| 4.9 |
| 5.1 |
| 6.2 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.0) | (0.0) | (0.1) | 0.1 | (0.1) | 0.3 | (0.1) | (0.0) | (1.1) | 0.3 |
| Pre-Tax Income | - | - | - | - | - | - | (43.7) | (38.4) | (17.5) | (23.0) |
| (43.3) |
| (61.3) |
| (56.6) |
| (43.7) |
| (38.4) |
| (17.5) |
| (23.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (16.7) | (18.9) | (30.9) | (43.3) | (61.3) | (56.6) | (43.7) | (38.4) | (17.5) | (23.0) |
| Net Income Attributable To Parent | (16.7) | (18.9) | (30.9) | (43.3) | (61.3) | (56.6) | (43.7) | (38.4) | (17.5) | (23.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (16.7) | (18.9) | (30.9) | (43.3) | (61.3) | (56.6) | (43.7) | (38.4) | (17.5) | (23.0) |
| (1.79) |
| (1.71) |
| (1.50) |
| - |
| - |
| - |
| Shares Basic | 44.0 | 43.0 | 41.5 | 38.4 | 34.2 | 33.1 | 29.1 | - | - | - |
| Shares Diluted | 44.0 | 43.0 | 41.5 | 38.4 | 34.2 | 33.1 | 29.1 | - | - | - |
| (59.6) |
| (51.7) |
| (38.6) |
| (36.0) |
| (12.0) |
| (17.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 26.4 |
| 23.5 |
| 23.1 |
| 20.9 |
| 20.0 |
| 18.8 |
| 15.8 |
| 19.3 |
| 19.3 |
| 16.4 |
| 16.7 |
| 15.8 |
| 12.6 |
| 10.6 |
| 10.3 |
| 11.0 |
| 9.9 |
| 6.4 |
| 6.2 |
| 6.6 |
| 5.9 |
| 5.3 |
| 4.9 |
| 4.2 |
| 5.4 |
| 5.2 |
| 6.8 |
| 4.2 |
| 4.8 |
| 4.4 |
| 3.2 |
| 2.6 |
| 2.4 |
| 4.1 |
| 0.7 |
| 0.6 |
| 0.6 |
| 0.5 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.3 |
| 35.8 |
| 33.0 |
| 32.8 |
| 29.8 |
| 27.7 |
| 26.5 |
| 22.1 |
| 26.8 |
| 26.3 |
| 25.1 |
| 22.9 |
| 22.3 |
| 18.5 |
| 15.2 |
| 14.2 |
| 14.6 |
| 15.4 |
| 2.7 |
| 1.1 |
| 1.1 |
| 1.1 |
| 1.1 |
| 2.7 |
| 1.2 |
| 1.2 |
| 1.2 |
| 1.2 |
| 1.2 |
| 1.3 |
| 1.3 |
| 1.3 |
| 1.3 |
| 1.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.0) |
| (0.1) |
| 0.0 |
| 0.3 |
| (0.1) |
| 0.1 |
| 0.0 |
| (0.2) |
| 0.1 |
| (0.1) |
| 0.0 |
| (0.1) |
| (0.3) |
| (0.5) |
| (0.2) |
| (0.1) |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (14.5) |
| (15.9) |
| (14.0) |
| (12.2) |
| (9.0) |
| (9.5) |
| (12.5) |
| (12.8) |
| (9.1) |
| (11.3) |
| (8.7) |
| (9.3) |
| (5.3) |
| (4.8) |
| (3.1) |
| (4.2) |
| (5.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (14.5) |
| (15.9) |
| (14.0) |
| (12.2) |
| (9.0) |
| (9.5) |
| (12.5) |
| (12.8) |
| (9.1) |
| (11.3) |
| (8.7) |
| (9.3) |
| (5.3) |
| (4.8) |
| (3.1) |
| (4.2) |
| (5.7) |
| (17.4) |
| (14.5) |
| (15.9) |
| (14.0) |
| (12.2) |
| (9.0) |
| (9.5) |
| (12.5) |
| (12.8) |
| (9.1) |
| (11.3) |
| (8.7) |
| (9.3) |
| (5.3) |
| (4.8) |
| (3.1) |
| (4.2) |
| (5.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (18.5) |
| (17.4) |
| (14.5) |
| (15.9) |
| (14.0) |
| (12.2) |
| (9.0) |
| (9.5) |
| (12.5) |
| (12.8) |
| (9.1) |
| (11.3) |
| (8.7) |
| (9.3) |
| (5.3) |
| (4.8) |
| (3.1) |
| (4.2) |
| (5.7) |
| (0.48) |
| (0.42) |
| (0.37) |
| - |
| (0.33) |
| (0.44) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 33.3 |
| 33.0 |
| 32.7 |
| - |
| 28.7 |
| 28.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 33.3 |
| 33.0 |
| 32.7 |
| - |
| 28.7 |
| 28.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (13.0) |
| (11.6) |
| (7.9) |
| (8.7) |
| (10.1) |
| (11.9) |
| (8.5) |
| (10.6) |
| (8.1) |
| (8.8) |
| (4.3) |
| (3.0) |
| (1.7) |
| (2.9) |
| (5.0) |