| (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 | 113.6 | 113.3 | 83.6 | 69.5 | 60.3 | 68.1 | 57.7 | 43.9 | 33.0 | 42.4 | 35.5 | 27.7 | 38.3 | 60.8 | 73.1 | 79.4 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 379.9 | 326.7 | 202.7 | 144.0 | 283.6 | 218.8 | 116.2 | 84.1 | 85.2 |
| Cost of Revenue | 168.3 | 151.7 | 98.2 | 61.9 | 100.6 | 79.3 | 58.2 | 44.5 | 49.0 |
| Gross Profit | 211.6 | 175.0 | 104.5 | 82.1 | 183.0 | 139.5 | 57.9 | 39.6 | 36.2 |
| Operating Expenses | |||||||||
| Research & Development | 121.6 | 118.9 | 106.9 | 97.6 | 90.3 | 52.1 | 31.7 | 23.8 | 22.8 |
| Selling General & Administrative | 128.6 | 116.5 | 102.2 | ||||||
| Operating Income | |||||||||
| Operating Income | (51.2) | (67.0) | (115.2) | (107.2) | 16.1 | 32.8 | (8.6) | (4.9) | (7.8) |
| Non-Operating | |||||||||
| Interest Income | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | ||||
| Tax & Net | |||||||||
| Income Tax Expense | 0.5 | 0.6 | 0.5 | 0.2 | 0.1 | 0.1 | 0.0 | (0.0) | (0.0) |
| Net Income From Continuing Ops | (24.2) | (42.9) | (93.6) | (80.5) | |||||
| Per Share | |||||||||
| EPS Basic | (0.92) | (1.72) | (4.05) | (3.63) | 1.09 | 1.70 | (0.58) | (0.63) | - |
| EPS Diluted | (0.92) | (1.72) | (4.05) | (3.63) | 1.03 | ||||
| Supplementary Data | |||||||||
| EBITDA | (7.7) | (26.8) | (85.2) | (91.1) | 28.0 | 40.8 | (2.2) | 3.4 | (0.4) |
| EBIT | (51.2) | (67.0) | (115.2) | (107.2) | 16.1 | ||||
| 70.3 |
| 75.7 |
| 63.0 |
| 44.5 |
| 35.5 |
| 40.3 |
| 32.7 |
| 21.5 |
| 21.7 |
| 28.1 |
| 25.3 |
| 15.8 |
| 14.8 |
| Cost of Revenue | 46.6 | 49.4 | 38.9 | 33.4 | 30.0 | 32.3 | 28.2 | 22.3 | 15.4 | 18.7 | 15.6 | 12.3 | 15.3 | 23.1 | 25.8 | 26.7 | 25.0 | 23.6 | 21.3 | 17.7 | 16.7 | 19.2 | 15.8 | 11.5 | 11.8 | 14.6 | 13.2 | 9.5 | 7.2 |
| Gross Profit | 67.0 | 63.9 | 44.7 | 36.1 | 30.3 | 35.8 | 29.5 | 21.5 | 17.7 | 23.7 | 19.9 | 15.4 | 23.0 | 37.8 | 47.3 | 52.7 | 45.2 | 52.1 | 41.7 | 26.8 | 18.8 | 21.1 | 16.9 | 10.0 | 10.0 | 13.4 | 12.1 | 6.4 | 7.6 |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 32.7 | 28.3 | 30.0 | 30.6 | 30.0 | 29.3 | 26.5 | 25.5 | 25.5 | 22.9 | 23.6 | 26.6 | 24.5 | 23.8 | 23.9 | 22.0 | 20.6 | 15.9 | 13.0 | 12.1 | 11.2 | 8.7 | 8.5 | 7.4 | 7.0 | 5.9 | 5.8 | 6.2 | 5.8 |
| Selling General & Administrative | 38.9 | 30.8 | 30.6 | 28.2 | 26.9 | 27.7 | 25.4 | 25.2 | 23.9 | 20.5 | 21.4 | 21.3 | 20.7 | 19.7 | 19.9 | 18.4 | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Depreciation & Amortization | 12.4 | 19.2 | 6.1 | 5.9 | 9.0 | 16.7 | 4.0 | 3.8 | 5.6 | 5.7 | 3.3 | 3.3 | 3.8 | 4.2 | 2.7 | 2.4 | |||||||||||||
| Amortization of Intangibles | 6.0 | 5.0 | 3.8 | 3.9 | 3.9 | 4.0 | 3.9 | 4.1 | 2.0 | 0.9 | 0.7 | 0.7 | 0.6 | 0.5 | 0.5 | 0.4 | 0.3 | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 79.3 | 62.1 | 60.7 | 60.7 | 58.4 | 58.9 | 54.3 | 53.8 | 52.7 | 51.2 | 45.1 | 47.8 | 45.2 | 43.5 | 43.8 | 40.4 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (12.3) | 1.8 | (16.0) | (24.6) | (28.1) | (23.0) | (24.9) | (32.3) | (35.0) | (27.5) | (25.2) | (32.4) | (22.1) | (5.7) | 3.5 | 12.3 | 6.1 | 20.2 | 14.1 | 2.1 | (3.5) | 2.1 | (0.6) | (5.3) | (4.9) | 1.0 | 1.5 | (5.0) | (2.4) |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | (0.2) | (0.2) | (0.2) | 0.2 | 0.0 | (0.5) | 0.2 | (0.2) | (0.2) | 0.2 | (0.2) | (0.2) | 0.1 | 0.2 | (0.2) | (0.2) | 0.1 | ||||||||||||
| Pre-Tax Income | (5.2) | 9.6 | (7.9) | (20.1) | (23.8) | (18.4) | (19.2) | (26.8) | (28.7) | (20.0) | (18.1) | (25.9) | (16.4) | (1.6) | 5.8 | 12.9 | |||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.4 | 0.1 | 0.0 | 0.1 | 0.4 | 0.1 | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | (0.0) | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | (0.0) | 0.0 | - | - | 0.0 | - |
| Net Income From Continuing Ops | (5.2) | 9.2 | (8.0) | (20.2) | (23.9) | (18.8) | (19.3) | (26.8) | (28.7) | (20.0) | (18.1) | (25.9) | (16.5) | (1.5) | 5.8 | 12.9 | 6.1 | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (5.2) | 9.2 | (8.0) | (20.2) | (23.9) | (18.8) | (19.3) | (26.8) | (28.7) | (20.0) | (18.1) | (25.9) | (16.5) | (1.5) | 5.8 | 12.9 | 6.1 | ||||||||||||
| Net Income Attributable To Parent | (5.2) | 9.2 | (8.0) | (20.2) | (23.9) | (18.8) | (19.3) | (26.8) | (28.7) | (20.0) | (18.1) | (25.9) | (16.5) | (1.5) | 5.8 | 12.9 | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (5.2) | 9.2 | (8.0) | (20.2) | (23.9) | (18.8) | (19.3) | (26.8) | (28.7) | (20.0) | (18.1) | (25.9) | (16.5) | (1.5) | 5.8 | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (0.20) | - | (0.31) | (0.84) | (1.01) | - | (0.83) | (1.16) | (1.26) | - | (0.81) | (1.17) | (0.76) | - | 0.27 | 0.61 | 0.29 | - | 0.73 | 0.11 | (0.20) | - | (0.04) | (0.36) | - | - | - | - | - |
| EPS Diluted | (0.20) | - | (0.31) | (0.84) | (1.01) | - | (0.83) | (1.16) | (1.26) | - | (0.81) | (1.17) | (0.76) | - | 0.26 | 0.57 | 0.27 | - | |||||||||||
| Shares Basic | 26.3 | - | 26.0 | 23.9 | 23.7 | - | 23.2 | 23.0 | 22.8 | - | 22.3 | 22.1 | 21.8 | - | 21.4 | 21.1 | 20.9 | - | |||||||||||
| Shares Diluted | 26.3 | - | 26.0 | 23.9 | 23.7 | - | 23.2 | 23.0 | 22.8 | - | 22.3 | 22.1 | 21.8 | - | 22.6 | 22.7 | 22.7 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | 0.1 | 20.9 | (9.9) | (18.7) | (19.1) | (6.3) | (20.9) | (28.5) | (29.4) | (21.8) | (21.9) | (29.1) | (18.3) | (1.5) | 6.2 | 14.7 | 8.6 | 24.4 | 14.8 | 3.5 | (1.9) | 2.1 | 1.3 | (2.8) | (2.9) | 3.0 | 4.2 | (3.3) | (0.5) |
| EBIT | (12.3) | 1.8 | (16.0) | (24.6) | (28.1) | (23.0) | (24.9) | (32.3) | (35.0) | (27.5) | (25.2) | (32.4) | (22.1) | (5.7) | 3.5 | 12.3 | 6.1 | 20.2 | 14.1 | ||||||||||
| 84.0 |
| 76.5 |
| 54.5 |
| 34.9 |
| 20.6 |
| 21.2 |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | 43.5 | 40.2 | 30.1 | 16.1 | 11.8 | 7.9 | 6.4 | 8.3 | 7.4 |
| Amortization of Intangibles | 18.7 | 16.6 | 14.0 | 2.9 | 1.7 | 2.2 | 2.7 | 4.9 | 3.9 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 262.8 | 242.0 | 219.7 | 189.3 | 166.8 | 106.6 | 66.5 | 44.4 | 44.0 |
| - |
| 0.7 |
| 1.7 |
| 1.5 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.3) | (0.2) | (0.8) | (0.1) | (0.1) | (0.5) | (0.8) | - | - |
| Pre-Tax Income | (23.7) | (42.3) | (93.1) | (80.4) | 23.3 | 32.4 | (9.4) | (6.6) | (9.4) |
| 23.3 |
| 32.3 |
| (9.4) |
| (6.6) |
| (9.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (24.2) | (42.9) | (93.6) | (80.5) | 23.3 | 32.3 | (9.4) | (6.6) | (9.3) |
| Net Income Attributable To Parent | (24.2) | (42.9) | (93.6) | (80.5) | 23.3 | 32.3 | (9.4) | (6.6) | (9.3) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (24.2) | (42.9) | (93.6) | (80.5) | 23.3 | 32.3 | (9.4) | (6.6) | (9.3) |
| 1.53 |
| (0.58) |
| (0.63) |
| - |
| Shares Basic | 26.3 | 25.0 | 23.1 | 22.2 | 21.2 | 19.0 | 16.1 | 10.6 | - |
| Shares Diluted | 26.3 | 25.0 | 23.1 | 22.2 | 22.7 | 21.1 | 16.1 | 10.6 | - |
| 32.8 |
| (8.6) |
| (4.9) |
| (7.8) |
| 18.6 |
| 16.1 |
| 14.6 |
| 12.7 |
| 11.1 |
| 10.3 |
| 9.0 |
| 7.9 |
| 7.8 |
| 6.5 |
| 4.9 |
| 5.1 |
| 4.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.5 |
| 4.2 |
| 0.7 |
| 1.4 |
| 1.6 |
| 0.0 |
| 1.9 |
| 2.5 |
| 2.0 |
| 2.0 |
| 2.7 |
| 1.7 |
| 1.9 |
| 0.7 |
| 0.5 |
| 0.5 |
| 0.5 |
| (1.0) |
| 1.6 |
| 1.0 |
| 1.1 |
| (0.7) |
| 2.3 |
| 2.0 |
| 1.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 39.2 |
| 31.9 |
| 27.6 |
| 24.8 |
| 22.3 |
| 19.0 |
| 17.5 |
| 15.3 |
| 14.8 |
| 12.4 |
| 10.6 |
| 11.4 |
| 10.0 |
| - |
| - |
| - |
| 0.0 |
| 0.1 |
| 0.3 |
| 0.3 |
| 0.4 |
| 0.4 |
| 0.5 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.3) |
| (0.1) |
| (0.0) |
| (0.0) |
| (0.8) |
| 0.0 |
| (0.0) |
| 0.1 |
| - |
| 0.0 |
| (0.0) |
| (0.0) |
| 6.2 |
| 19.9 |
| 14.0 |
| 2.0 |
| (3.5) |
| 2.0 |
| (0.7) |
| (5.6) |
| (5.1) |
| 0.6 |
| 1.1 |
| (5.4) |
| (2.9) |
| 19.9 |
| 14.0 |
| 2.0 |
| (3.6) |
| 2.0 |
| (0.7) |
| (5.6) |
| (5.1) |
| 0.6 |
| 1.1 |
| (5.4) |
| (2.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 19.9 |
| 14.0 |
| 2.0 |
| (3.6) |
| 2.0 |
| (0.7) |
| (5.6) |
| (5.1) |
| 0.6 |
| 1.1 |
| (5.4) |
| (2.9) |
| 6.1 |
| 19.9 |
| 14.0 |
| 2.0 |
| (3.6) |
| 2.0 |
| (0.7) |
| (5.6) |
| (5.1) |
| 0.6 |
| 1.1 |
| (5.4) |
| (2.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 12.9 |
| 6.1 |
| 19.9 |
| 14.0 |
| 2.0 |
| (3.6) |
| 2.0 |
| (0.7) |
| (5.6) |
| (5.1) |
| 0.6 |
| 1.1 |
| (5.4) |
| (2.9) |
| 0.66 |
| 0.10 |
| (0.20) |
| - |
| (0.04) |
| (0.36) |
| - |
| - |
| - |
| - |
| - |
| 19.1 |
| 18.9 |
| 17.9 |
| - |
| 16.8 |
| 15.4 |
| - |
| - |
| - |
| - |
| - |
| 21.3 |
| 20.9 |
| 17.9 |
| - |
| 16.8 |
| 15.4 |
| - |
| - |
| - |
| - |
| - |
| 2.1 |
| (3.5) |
| 2.1 |
| (0.6) |
| (5.3) |
| (4.9) |
| 1.0 |
| 1.5 |
| (5.0) |
| (2.4) |