| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||
| Revenues | 29.1 | 30.0 | 27.4 | 25.2 | 21.9 | 17.8 | 24.6 | 25.3 | 25.2 | 31.1 | 36.4 | 40.2 | 44.4 | 46.9 | 59.2 | 71.8 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 111.7 | 104.5 | 92.9 | 152.1 | 269.7 | 380.2 | 229.0 | 119.9 | 50.8 |
| Cost of Revenue | 13.7 | 13.1 | 13.4 | 15.4 | 30.7 | 25.2 | 12.3 | 5.7 | 2.1 |
| Gross Profit | 98.0 | 91.4 | 79.5 | 136.7 | 239.0 | 354.9 | 216.8 | 114.2 | 48.7 |
| Operating Expenses | |||||||||
| Research & Development | 20.9 | 20.6 | 16.7 | 28.1 | 52.3 | 46.2 | 23.2 | 11.2 | 7.5 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | (57.2) | (63.9) | (46.5) | (114.3) | (421.4) | (293.8) | (103.2) | (24.8) | (25.5) |
| Non-Operating | |||||||||
| Interest Income | 8.3 | 9.4 | 15.4 | 18.6 | 14.1 | - | - | - | - |
| Interest Expense | 15.3 | 15.2 | 15.1 | 21.5 | 40.6 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | 0.1 | 0.1 | 0.1 | 0.2 | (0.3) | (19.1) | 0.1 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (64.2) | (70.4) | (46.8) | (101.4) | |||||
| Per Share | |||||||||
| EPS Basic | (4.06) | (4.51) | (2.62) | (4.85) | (21.41) | (0.49) | (0.51) | (0.09) | - |
| EPS Diluted | (4.06) | (4.51) | (2.62) | (4.85) | (21.41) | ||||
| Supplementary Data | |||||||||
| EBITDA | (55.3) | (62.5) | (44.8) | (112.3) | (403.5) | (282.1) | (101.6) | (24.1) | (25.1) |
| EBIT | (57.2) | (63.9) | (46.5) | (114.3) | (421.4) | ||||
| 91.9 |
| 104.9 |
| 102.1 |
| 89.5 |
| 83.7 |
| 66.7 |
| 60.0 |
| 58.9 |
| 43.6 |
| Cost of Revenue | 3.6 | 3.5 | 3.4 | 3.2 | 3.0 | 3.2 | 3.4 | 3.3 | 3.5 | 3.5 | 3.7 | 3.7 | 4.6 | 4.9 | 7.6 | 9.0 | 9.2 | 9.0 | 7.6 | 4.4 | 4.3 | 3.5 | 3.1 | 2.9 | 2.8 |
| Gross Profit | 25.5 | 26.5 | 24.0 | 22.0 | 18.9 | 14.5 | 21.2 | 21.9 | 21.8 | 27.6 | 32.7 | 36.5 | 39.8 | 42.0 | 51.6 | 62.8 | 82.7 | 96.0 | 94.4 | 85.1 | 79.4 | 63.2 | 56.9 | 55.9 | 40.8 |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 5.1 | 5.5 | 5.4 | 4.8 | 4.8 | 3.1 | 4.7 | 4.3 | 4.6 | 3.4 | 7.9 | 8.0 | 8.9 | 7.4 | 7.9 | 18.3 | 18.7 | 15.6 | 13.2 | 10.1 | 7.3 | 10.0 | 4.4 | 4.5 | 4.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | 17.3 | 19.3 | 17.4 | 16.4 | 18.0 | 15.2 | 19.3 | 20.8 | 21.0 | 23.3 | 31.9 | 32.7 | 34.9 | 34.5 | 51.5 | 73.7 | 117.3 | ||||||||
| General & Administrative | 19.4 | 17.9 | 17.5 | 16.7 | 19.1 | 20.4 | 18.1 | 17.2 | 23.0 | 18.1 | 24.4 | 26.1 | 28.1 | 22.5 | 20.9 | 26.9 | 92.7 | ||||||||
| Depreciation & Amortization | 0.7 | 0.8 | 0.2 | 0.2 | 0.2 | 0.5 | 0.4 | 0.4 | 0.4 | 0.1 | 0.5 | 0.7 | 0.6 | - | - | - | |||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | 4.1 | 1.2 | 3.1 | 4.1 | 4.1 | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 37.9 | 46.2 | 43.6 | 41.2 | 37.4 | 42.0 | 45.6 | (0.3) | 52.1 | 51.6 | 67.9 | 70.4 | 76.5 | 186.1 | 139.2 | 127.9 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (8.8) | (16.2) | (16.3) | (16.0) | (15.5) | (24.2) | (21.0) | 25.6 | (26.9) | (20.5) | (31.4) | (30.3) | (32.1) | (139.2) | (80.0) | (56.1) | (146.1) | (110.7) | (81.6) | (50.0) | (51.5) | (46.8) | (28.6) | (12.6) | (15.2) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 1.6 | 2.0 | 2.3 | 2.5 | 2.7 | 3.4 | 4.0 | 4.1 | 3.9 | 8.4 | 1.5 | 3.0 | 5.7 | - | - | - | - | - | - | - | - | - | 0.2 | 0.3 | 0.2 |
| Interest Expense | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 8.3 | 2.3 | 1.7 | 9.2 | 18.5 | 6.4 | 7.6 | 8.2 | 1.1 | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | 0.2 | 0.2 | 0.4 | (0.6) | (0.6) | (0.5) | (0.3) | 0.2 | 0.1 | 0.5 | 0.0 | 0.0 | (0.0) | (0.3) | 0.5 | (0.1) | (0.0) | ||||||||
| Pre-Tax Income | (10.9) | (17.9) | (17.4) | (17.9) | (17.1) | (25.1) | (21.1) | 26.1 | (26.7) | (15.5) | (33.5) | (16.6) | (35.5) | (143.3) | (83.3) | (62.8) | |||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | 0.1 | 0.0 | 0.0 | (0.0) | 0.0 | (0.1) | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | (0.1) | (0.2) | (0.2) | (0.3) | (18.9) | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (10.9) | (17.9) | (17.4) | (17.9) | (17.1) | (25.0) | (21.1) | 26.0 | (26.7) | (15.5) | (33.5) | (16.7) | (35.6) | (143.5) | (83.2) | (62.6) | (149.6) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (10.9) | (17.9) | (17.4) | (17.9) | (17.1) | (25.0) | (21.1) | 26.0 | (26.7) | (15.5) | (33.5) | (16.7) | (35.6) | (143.5) | (83.2) | (62.6) | (149.6) | ||||||||
| Net Income Attributable To Parent | (10.9) | (17.9) | (17.4) | (17.9) | (17.1) | (25.0) | (21.1) | 26.0 | (26.7) | (15.5) | (33.5) | (16.7) | (35.6) | (143.5) | (83.2) | (62.6) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (10.9) | (17.9) | (17.4) | (17.9) | (17.1) | (25.0) | (21.1) | 26.0 | (26.7) | (15.5) | (33.5) | (16.7) | (35.6) | (143.5) | (83.2) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.69) | - | (1.14) | (1.16) | (1.05) | - | (1.20) | 1.47 | (1.45) | - | (1.57) | (0.79) | (1.70) | - | (4.02) | (3.07) | (0.37) | - | 0.13 | (0.21) | (0.15) | - | (0.14) | (0.07) | (0.06) |
| EPS Diluted | (0.69) | - | (1.14) | (1.16) | (1.05) | - | (1.20) | 1.44 | (1.45) | - | (1.57) | (0.79) | (1.70) | - | (4.02) | (3.07) | (0.37) | - | |||||||
| Shares Basic | 15.8 | - | 15.3 | 15.5 | 16.3 | - | 17.5 | 17.8 | 18.5 | - | 21.3 | 21.1 | 20.9 | - | 20.7 | 20.4 | 401.7 | - | |||||||
| Shares Diluted | 15.8 | - | 15.3 | 15.5 | 16.3 | - | 17.5 | 18.1 | 18.5 | - | 21.3 | 21.1 | 20.9 | - | 20.7 | 20.4 | 401.7 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (8.0) | (15.4) | (16.0) | (15.8) | (15.3) | (23.8) | (20.6) | 26.0 | (26.5) | (20.4) | (30.9) | (29.5) | (31.4) | - | - | - | (140.5) | (104.6) | (77.1) | (49.5) | (50.9) | (46.3) | (28.1) | (12.3) | (14.9) |
| EBIT | (8.8) | (16.2) | (16.3) | (16.0) | (15.5) | (24.2) | (21.0) | 25.6 | (26.9) | (20.5) | (31.4) | (30.3) | (32.1) | (139.2) | (80.0) | (56.1) | (146.1) | (110.7) | (81.6) | ||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 70.4 | 71.1 | 76.4 | 122.9 | 277.0 | 466.7 | 254.3 | 111.4 | 51.7 |
| General & Administrative | 71.4 | 71.1 | 78.9 | 96.7 | 163.0 | 135.8 | 42.5 | 16.4 | 15.0 |
| Depreciation & Amortization | 1.9 | 1.4 | 1.7 | 2.0 | 17.9 | 11.7 | 1.6 | 0.7 | 0.4 |
| Amortization of Intangibles | - | - | - | 0.0 | 12.5 | 7.7 | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 168.9 | 168.4 | 139.4 | 266.4 | 691.1 | 674.0 | 332.2 | 144.7 | 76.3 |
| 1.2 |
| 1.3 |
| 2.5 |
| 2.2 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.2 | (0.6) | (0.5) | 0.5 | 0.1 | 0.0 | (21.4) | 3.7 | (0.0) |
| Pre-Tax Income | (64.1) | (70.3) | (46.7) | (101.1) | (439.2) | (207.1) | (149.0) | (23.6) | (27.8) |
| (438.9) |
| (187.9) |
| (149.1) |
| (23.6) |
| (27.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (64.2) | (70.4) | (46.8) | (101.4) | (438.9) | (187.9) | (149.1) | (23.6) | (27.8) |
| Net Income Attributable To Parent | (64.2) | (70.4) | (46.8) | (101.4) | (438.9) | (187.9) | (149.1) | (23.6) | (27.8) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (64.2) | (70.4) | (46.8) | (101.4) | (438.9) | (187.9) | (149.1) | (23.6) | (27.8) |
| (0.71) |
| (0.51) |
| (0.09) |
| - |
| Shares Basic | 15.8 | 15.6 | 17.8 | 20.9 | 20.5 | 384.6 | 294.5 | 261.2 | - |
| Shares Diluted | 15.8 | 15.6 | 17.8 | 20.9 | 20.5 | 388.5 | 294.5 | 261.2 | - |
| (293.8) |
| (103.2) |
| (24.8) |
| (25.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 156.3 |
| 114.5 |
| 99.5 |
| 96.3 |
| 81.9 |
| 73.2 |
| 52.4 |
| 46.8 |
| 34.7 |
| 48.4 |
| 25.4 |
| 27.3 |
| 18.1 |
| 7.9 |
| 11.6 |
| 4.8 |
| 5.5 |
| 6.1 |
| 4.5 |
| 0.5 |
| 0.6 |
| 0.5 |
| 0.5 |
| 0.3 |
| 0.3 |
| - |
| 3.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 237.9 |
| 215.6 |
| 183.7 |
| 139.5 |
| 135.1 |
| 113.5 |
| 88.5 |
| 71.5 |
| 58.8 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 1.0 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| (0.0) |
| 0.1 |
| 0.1 |
| (0.7) |
| (14.2) |
| (6.6) |
| 0.1 |
| (149.8) |
| (105.8) |
| 31.8 |
| (79.5) |
| (53.6) |
| (70.5) |
| (42.8) |
| (20.1) |
| (15.5) |
| (105.5) |
| 50.8 |
| (79.6) |
| (53.6) |
| (86.2) |
| (42.9) |
| (20.2) |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (105.5) |
| 50.8 |
| (79.6) |
| (53.6) |
| (86.2) |
| (42.9) |
| (20.2) |
| 0.1 |
| (149.6) |
| (105.5) |
| 50.8 |
| (79.6) |
| (53.6) |
| (70.5) |
| (42.9) |
| (20.2) |
| (15.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (62.6) |
| (149.6) |
| (105.5) |
| 50.8 |
| (79.6) |
| (53.6) |
| (70.5) |
| (42.9) |
| (20.2) |
| (15.5) |
| (0.16) |
| (0.21) |
| (0.16) |
| - |
| (0.14) |
| (0.07) |
| (0.06) |
| 395.1 |
| 385.9 |
| 356.8 |
| - |
| 298.7 |
| 289.8 |
| 278.3 |
| 396.0 |
| 385.9 |
| 359.8 |
| - |
| 298.7 |
| 289.8 |
| 278.3 |
| (50.0) |
| (51.5) |
| (46.8) |
| (28.6) |
| (12.6) |
| (15.2) |