| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | - | - | - | - | 8.1 | 13.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||
| Research & Development | 155.6 | 140.3 | 96.4 | 76.6 | 78.4 | 58.7 | 64.9 | 94.7 | 58.0 | 39.9 | 20.1 |
| Selling General & Administrative | - | - | |||||||||
| Operating Income | |||||||||||
| Operating Income | (196.5) | (179.2) | (129.7) | (104.3) | (106.5) | (72.3) | (88.4) | (119.3) | (75.7) | (54.9) | (25.6) |
| Non-Operating | |||||||||||
| Interest Income | 9.7 | 9.9 | 9.5 | 7.6 | 2.6 | 0.1 | 0.1 | 1.6 | 0.6 | 0.2 | 0.4 |
| Interest Expense | - | (0.2) | 0.3 | ||||||||
| 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 | (191.8) | (174.3) | |||||||||
| Per Share | |||||||||||
| EPS Basic | (1.75) | (1.99) | (3.06) | (4.83) | (10.10) | (10.14) | (25.50) | - | - | - | - |
| EPS Diluted | (1.75) | (1.99) | (3.06) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | - | (177.6) | (127.3) | (101.7) | (104.0) | (69.3) | (84.5) | (116.5) | (74.1) | (54.4) | (25.5) |
| EBIT | (196.5) | (179.2) | (129.7) | ||||||||
| - |
| - |
| - |
| - |
| - |
| 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 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| Research & Development | 46.1 | 38.1 | 38.9 | 32.4 | 30.9 | 30.8 | 27.3 | 19.5 | 18.9 | 15.5 | 16.7 | 19.8 | 24.6 | 21.3 | 14.0 | 23.2 | 19.9 | 14.6 | 14.4 | 15.5 | 14.2 | 15.7 | 16.0 | 13.4 | 19.7 | 27.1 | 22.8 | 21.6 | 23.3 | 17.8 | 14.7 | 13.6 | 11.9 | 11.9 | 10.6 | 8.6 | 8.7 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| General & Administrative | 11.2 | 11.3 | 9.2 | 9.3 | 9.1 | 9.1 | 7.9 | 8.3 | 8.0 | 6.8 | 6.4 | 7.1 | 7.4 | 7.6 | 7.1 | 6.9 | 7.4 | ||||||||||||||||||||
| Depreciation & Amortization | 0.4 | - | - | - | 0.4 | - | - | - | 0.3 | 0.6 | 0.6 | 0.7 | 0.7 | 0.5 | 0.4 | 0.7 | |||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Total Operating Expenses | 57.3 | 49.4 | 48.1 | 41.7 | 40.1 | 39.9 | 35.2 | 27.8 | 26.9 | 22.3 | 23.1 | 26.8 | 32.0 | 34.6 | 21.1 | 31.6 | |||||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (57.3) | (49.4) | (48.1) | (41.7) | (40.1) | (39.9) | (35.2) | (27.8) | (26.9) | (22.3) | (23.1) | (26.8) | (32.0) | (34.6) | (21.1) | (25.4) | (25.4) | (18.7) | (18.0) | (18.7) | (16.9) | (21.3) | (21.2) | (19.0) | (26.9) | (32.3) | (29.7) | (27.0) | (30.3) | (22.4) | (19.2) | (18.2) | (16.0) | (15.2) | (13.7) | (11.9) | (14.1) |
| Non-Operating | |||||||||||||||||||||||||||||||||||||
| Interest Income | 2.1 | 2.1 | 2.6 | 3.0 | 2.3 | 1.9 | 2.3 | 2.6 | 2.7 | 1.8 | 2.0 | 2.1 | 1.8 | 1.5 | 0.7 | 0.3 | 0.1 | - | - | - | - | - | - | - | 0.2 | 0.3 | 0.4 | 0.4 | 0.5 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Interest Expense | - | 0.0 | (0.3) | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | - | - | - | - | - | |||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Non-Operating Income | 0.6 | (0.4) | 2.3 | 2.2 | 0.8 | (2.7) | 2.5 | 2.7 | 2.6 | 1.9 | 2.1 | 2.2 | 2.0 | 19.4 | 0.7 | 0.3 | 0.0 | ||||||||||||||||||||
| 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 | - | - | - | - |
| Net Income From Continuing Ops | (56.7) | (49.8) | (45.8) | (39.5) | (39.3) | (42.6) | (32.7) | (25.1) | (24.3) | (20.3) | (21.0) | (24.6) | (30.1) | (15.2) | (20.4) | (25.1) | (25.3) | ||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income | (56.7) | (49.8) | (45.8) | (39.5) | (39.3) | (42.6) | (32.7) | (25.1) | (24.3) | (20.3) | (21.0) | (24.6) | (30.1) | (15.2) | (20.4) | (25.1) | (25.3) | ||||||||||||||||||||
| Net Income Attributable To Parent | (56.7) | (49.8) | (45.8) | (39.5) | (39.3) | (42.6) | (32.7) | (25.1) | (24.3) | (20.3) | (21.0) | (24.6) | (30.1) | (15.2) | (20.4) | (25.1) | |||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income To Common Shareholders | (56.7) | (49.8) | (45.8) | (39.5) | (39.3) | (42.6) | (32.7) | (25.1) | (24.3) | (20.3) | (21.0) | (24.6) | (30.1) | (15.2) | (20.4) | ||||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.52) | - | (0.48) | (0.42) | (0.59) | - | (0.79) | (0.61) | (0.64) | - | (1.05) | (1.25) | (1.54) | - | (2.71) | (3.33) | (3.37) | - | (2.40) | (0.17) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.52) | - | (0.48) | (0.42) | (0.59) | - | (0.79) | (0.61) | (0.64) | - | (1.05) | (1.25) | (1.54) | - | (2.71) | (3.33) | (3.37) | - | |||||||||||||||||||
| Shares Basic | 109.8 | - | 94.4 | 94.1 | 66.3 | - | 41.4 | 40.9 | 38.2 | - | 20.1 | 19.7 | 19.6 | - | 7.5 | 7.5 | 7.5 | - | |||||||||||||||||||
| Shares Diluted | 109.8 | - | 94.4 | 94.1 | 66.3 | - | 41.4 | 40.9 | 38.2 | - | 20.1 | 19.7 | 19.6 | - | 7.5 | 7.5 | 7.5 | - | |||||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| EBITDA | (56.9) | - | - | - | (39.6) | - | - | - | (26.5) | (21.7) | (22.5) | (26.1) | (31.3) | (34.0) | (20.7) | (24.7) | (24.7) | (17.9) | (17.3) | (18.0) | (16.2) | (20.6) | (20.5) | (17.6) | (25.8) | (31.5) | (29.0) | (26.3) | (29.7) | (21.9) | (18.6) | (17.9) | (15.7) | (14.9) | (13.6) | (11.8) | (14.1) |
| EBIT | (57.3) | (49.4) | (48.1) | (41.7) | (40.1) | (39.9) | (35.2) | (27.8) | (26.9) | (22.3) | (23.1) | (26.8) | (32.0) | (34.6) | (21.1) | (25.4) | (25.4) | (18.7) | (18.0) | ||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 40.9 | 38.9 | 33.3 | 27.8 | 28.9 | 27.1 | 21.6 | 24.6 | 17.7 | 15.0 | 5.5 |
| Depreciation & Amortization | - | 1.6 | 2.5 | 2.6 | 2.4 | 3.0 | 3.9 | 2.8 | 1.6 | 0.4 | 0.1 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 196.5 | 179.2 | 129.7 | 104.3 | 114.5 | 85.9 | 88.4 | 119.3 | 75.7 | 54.9 | 25.6 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 4.7 | 4.9 | 5.0 | 8.2 | 20.5 | 0.1 | 0.1 | 2.1 | 0.9 | 1.7 | 1.8 |
| Pre-Tax Income | - | (174.2) | (124.6) | - | - | - | - | - | - | - | - |
| (124.7) |
| (96.0) |
| (86.0) |
| (72.2) |
| (88.3) |
| (117.2) |
| (74.8) |
| (53.2) |
| (23.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (191.8) | (174.3) | (124.7) | (96.0) | (86.0) | (72.2) | (88.3) | (117.2) | (74.8) | (53.2) | (23.8) |
| Net Income Attributable To Parent | (191.8) | (174.3) | (124.7) | (96.0) | (86.0) | (72.2) | (88.3) | (117.2) | (74.8) | (52.1) | (21.5) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | 0.0 | (1.1) | (2.2) |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (191.8) | (174.3) | (124.7) | (96.0) | (86.0) | (72.2) | (88.3) | (117.2) | (74.8) | (39.3) | (17.2) |
| (4.83) |
| (10.10) |
| (10.14) |
| (25.50) |
| - |
| - |
| - |
| - |
| Shares Basic | 109.8 | 87.5 | 40.8 | 19.9 | 8.5 | 7.1 | 3.5 | - | - | - | - |
| Shares Diluted | 109.8 | 87.5 | 40.8 | 19.9 | 8.5 | 7.1 | 3.5 | - | - | - | - |
| (104.3) |
| (106.5) |
| (72.3) |
| (88.4) |
| (119.3) |
| (75.7) |
| (54.9) |
| (25.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.2 |
| 7.1 |
| 6.8 |
| 6.0 |
| 5.6 |
| 5.2 |
| 5.5 |
| 5.3 |
| 5.3 |
| 6.9 |
| 5.4 |
| 7.0 |
| 4.6 |
| 4.5 |
| 4.6 |
| 4.0 |
| 3.2 |
| 3.1 |
| 3.3 |
| 5.4 |
| 0.7 |
| 0.8 |
| 0.8 |
| 0.7 |
| 0.7 |
| 0.8 |
| 0.8 |
| 1.3 |
| 1.0 |
| 0.8 |
| 0.8 |
| 0.7 |
| 0.6 |
| 0.5 |
| 0.5 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 27.3 |
| 21.8 |
| 21.6 |
| 22.3 |
| 20.2 |
| 21.3 |
| 21.2 |
| 19.0 |
| 26.9 |
| 32.3 |
| 29.7 |
| 27.0 |
| 30.3 |
| 22.4 |
| 19.2 |
| 18.2 |
| 16.0 |
| 15.2 |
| 13.7 |
| 11.9 |
| 14.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| (0.0) |
| (0.0) |
| (0.0) |
| (0.0) |
| (0.0) |
| 0.2 |
| 0.5 |
| 0.5 |
| 0.4 |
| 0.7 |
| 0.5 |
| 0.1 |
| 0.2 |
| 0.1 |
| 0.7 |
| 0.2 |
| 0.6 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (18.6) |
| (18.0) |
| (18.7) |
| (16.9) |
| (21.4) |
| (21.2) |
| (19.0) |
| (26.7) |
| (31.9) |
| (29.3) |
| (26.5) |
| (29.6) |
| (21.9) |
| (19.0) |
| (18.0) |
| (15.9) |
| (14.5) |
| (13.5) |
| (11.3) |
| (13.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (18.6) |
| (18.0) |
| (18.7) |
| (16.9) |
| (21.4) |
| (21.2) |
| (19.0) |
| (26.7) |
| (31.9) |
| (29.3) |
| (26.5) |
| (29.6) |
| (21.9) |
| (19.0) |
| (18.0) |
| (15.9) |
| (14.5) |
| (13.5) |
| (11.3) |
| (13.9) |
| (25.3) |
| (18.6) |
| (18.0) |
| (18.7) |
| (16.9) |
| (21.4) |
| (21.2) |
| (19.0) |
| (26.7) |
| (31.9) |
| (29.3) |
| (26.5) |
| (29.6) |
| (21.9) |
| (19.0) |
| (18.0) |
| (15.9) |
| (14.5) |
| (13.5) |
| (11.3) |
| (12.8) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (25.1) |
| (25.3) |
| (18.6) |
| (18.0) |
| (18.7) |
| (16.9) |
| (21.4) |
| (21.2) |
| (19.0) |
| (26.7) |
| (31.9) |
| (29.3) |
| (26.5) |
| (29.6) |
| (21.9) |
| (19.0) |
| (18.0) |
| (15.9) |
| (14.5) |
| (13.5) |
| (11.3) |
| (0.0) |
| (2.40) |
| (0.17) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.5 |
| 112.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.5 |
| 112.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (18.7) |
| (16.9) |
| (21.3) |
| (21.2) |
| (19.0) |
| (26.9) |
| (32.3) |
| (29.7) |
| (27.0) |
| (30.3) |
| (22.4) |
| (19.2) |
| (18.2) |
| (16.0) |
| (15.2) |
| (13.7) |
| (11.9) |
| (14.1) |