| (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 | 64.9 | 68.5 | 45.9 | 38.0 | 20.0 | 7.7 | 12.5 | 3.5 | 0.0 | - | 0.0 | 0.0 | - | - | - | - | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||
| Revenues | 217.2 | 172.4 | 23.7 | 0.0 | 0.0 | 139.7 | 1.5 | 1.5 | 1.5 | 2.1 | 1.2 | 0.6 | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||
| Research & Development | 256.0 | 258.8 | 241.6 | 163.0 | 118.5 | 88.2 | 50.4 | 43.0 | 60.1 | 48.2 | 31.7 | 9.5 | 10.2 |
| Selling General & Administrative | |||||||||||||
| Operating Income | |||||||||||||
| Operating Income | (223.5) | (273.1) | (339.7) | (230.0) | (151.8) | 26.2 | (71.4) | (57.5) | (75.9) | (62.0) | (43.8) | (20.5) | (21.3) |
| Non-Operating | |||||||||||||
| Interest Income | 19.1 | 22.7 | 26.1 | 21.2 | 5.9 | 0.4 | 0.8 | 1.6 | 1.9 | - | - | - | - |
| Interest Expense | 0.0 | ||||||||||||
| Tax & Net | |||||||||||||
| Income Tax Expense | - | 0.4 | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | |||||||||||||
| Per Share | |||||||||||||
| EPS Basic | (2.76) | (3.29) | (3.72) | (2.98) | (2.46) | 0.48 | (1.87) | (1.84) | - | - | - | - | - |
| EPS Diluted | (2.76) | ||||||||||||
| Supplementary Data | |||||||||||||
| EBITDA | - | (267.1) | (331.7) | (218.0) | (118.8) | 69.2 | (71.3) | (57.4) | (75.8) | (61.9) | (43.7) | (20.5) | (21.3) |
| EBIT | (223.5) | ||||||||||||
| - |
| 126.6 |
| 12.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 1.2 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 58.8 | 78.6 | 56.3 | 62.2 | 61.6 | 65.5 | 71.0 | 48.7 | 56.5 | 55.1 | 39.1 | 34.8 | 34.1 | 31.8 | 26.9 | 29.7 | 30.0 | 23.9 | 25.6 | 16.9 | 21.9 | 15.5 | 14.4 | 10.9 | 9.6 | 9.5 | 9.9 | 12.3 | 11.3 | 15.8 | 14.1 | 14.9 | 15.3 | 16.6 | 12.2 | 9.9 | 9.6 | 8.5 | 12.3 | 6.1 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 37.6 | - | 44.9 | 43.8 | 41.0 | - | 31.1 | 29.1 | 23.0 | - | 17.3 | 14.9 | 12.0 | 10.2 | 8.2 | 8.0 | 6.8 | |||||||||||||||||||||||
| Depreciation & Amortization | 4.0 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 99.1 | 131.0 | 103.3 | 107.3 | 103.8 | 104.0 | 102.1 | 77.7 | 79.5 | 77.9 | 56.4 | 49.7 | 46.0 | 42.0 | 35.1 | 37.7 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (34.2) | (62.5) | (57.4) | (69.4) | (83.8) | (96.4) | (89.6) | (74.2) | (79.5) | (77.9) | (56.4) | (49.7) | (46.0) | (42.0) | (35.1) | (37.7) | (36.9) | 95.7 | (20.0) | (22.3) | (27.2) | (19.9) | (19.9) | (16.6) | (15.1) | (14.2) | (13.1) | (15.4) | (14.8) | (19.3) | (17.8) | (19.0) | (19.8) | (19.5) | (15.4) | (13.8) | (13.2) | (11.1) | (15.2) | (8.6) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 3.6 | 4.3 | 5.3 | 6.0 | 7.2 | 7.1 | 5.4 | 6.3 | 7.3 | 5.6 | 5.3 | 5.2 | 5.1 | 3.0 | 1.8 | 0.9 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.2 | 0.4 | 0.5 | 0.5 | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 1.7 | 0.7 | 0.7 | (0.0) | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | (8.5) | (5.5) | (3.3) | (2.5) | (1.1) | 2.2 | 5.5 | 6.2 | 7.1 | 5.4 | 5.2 | 5.1 | 4.9 | 2.3 | 0.3 | 0.2 | (0.3) | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - |
| Net Income From Continuing Ops | (42.7) | (68.0) | (60.7) | (71.8) | (84.8) | (94.2) | (84.1) | (68.1) | (72.4) | (72.5) | (51.1) | (44.6) | (41.1) | (39.2) | (35.4) | (37.6) | (37.2) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (42.7) | (68.0) | (60.7) | (71.8) | (84.8) | (94.2) | (84.1) | (68.1) | (72.4) | (72.5) | (51.1) | (44.6) | (41.1) | (39.2) | (35.4) | (37.6) | (37.2) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (42.7) | (68.0) | (60.7) | (71.8) | (84.8) | (94.2) | (84.1) | (68.1) | (72.4) | (72.5) | (51.1) | (44.6) | (41.1) | (39.2) | (35.4) | (37.6) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (42.7) | (68.0) | (60.7) | (71.8) | (84.8) | (94.2) | (84.1) | (68.1) | (72.4) | (72.5) | (51.1) | (44.6) | (41.1) | (39.2) | (35.4) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.48) | - | (0.70) | (0.83) | (0.98) | - | (0.98) | (0.80) | (0.85) | - | (0.73) | (0.64) | (0.59) | - | (0.58) | (0.62) | (0.63) | - | (0.40) | (0.44) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.48) | - | (0.70) | (0.83) | (0.98) | - | (0.98) | (0.80) | (0.85) | - | (0.73) | (0.64) | (0.59) | - | (0.58) | (0.62) | (0.63) | - | ||||||||||||||||||||||
| Shares Basic | 88.3 | - | 86.6 | 86.3 | 86.2 | - | 85.4 | 85.3 | 85.2 | - | 69.9 | 69.6 | 69.4 | - | 60.7 | 60.2 | 59.0 | - | ||||||||||||||||||||||
| Shares Diluted | 88.3 | - | 86.6 | 86.3 | 86.2 | - | 85.4 | 85.3 | 85.2 | - | 69.9 | 69.6 | 69.4 | - | 60.7 | 60.2 | 59.0 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (30.2) | - | - | - | (83.8) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | (34.2) | (62.5) | (57.4) | (69.4) | (83.8) | (96.4) | (89.6) | (74.2) | (79.5) | (77.9) | (56.4) | (49.7) | (46.0) | (42.0) | (35.1) | (37.7) | (36.9) | 95.7 | (20.0) | |||||||||||||||||||||
| - |
| 179.7 |
| 120.9 |
| 66.9 |
| 33.3 |
| 25.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | 33.3 | 25.2 | 22.5 | 16.1 | 17.3 | 15.9 | 13.3 | 11.6 | 11.2 |
| Depreciation & Amortization | - | 6.0 | 8.0 | 12.0 | 33.0 | 43.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 440.7 | 445.4 | 363.4 | 230.0 | 151.8 | 113.5 | 72.9 | 59.1 | 77.4 | 64.1 | 45.0 | 21.1 | 21.3 |
| 0.0 |
| (0.0) |
| 0.2 |
| 3.1 |
| 1.9 |
| 2.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (19.7) | (12.3) | 20.9 | 20.6 | 2.4 | (1.3) | (1.7) | 1.5 | 1.9 | 1.2 | (0.7) | (3.6) | 1.5 |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| (243.2) |
| (285.4) |
| (318.8) |
| (209.4) |
| (149.3) |
| 24.9 |
| (73.2) |
| (56.0) |
| (74.0) |
| (60.8) |
| (44.5) |
| (24.1) |
| (19.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (243.2) | (285.4) | (318.8) | (209.4) | (149.3) | 24.9 | (73.2) | (56.0) | (74.0) | (60.8) | (44.5) | (24.1) | (19.8) |
| Net Income Attributable To Parent | (243.2) | (285.4) | (318.8) | (209.4) | (149.3) | 24.9 | (73.2) | (56.0) | (74.0) | (60.8) | (44.5) | (24.1) | (19.8) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (243.2) | (285.4) | (318.8) | (209.4) | (149.3) | 24.9 | (77.1) | (56.0) | (74.0) | (60.8) | (47.1) | (103.8) | (26.4) |
| (3.29) |
| (3.72) |
| (2.98) |
| (2.46) |
| 0.46 |
| (1.87) |
| (1.84) |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 88.3 | 86.6 | 85.6 | 70.4 | 60.8 | 52.1 | 41.3 | 30.5 | - | - | - | - | - |
| Shares Diluted | 88.3 | 86.6 | 85.6 | 70.4 | 60.8 | 53.6 | 41.3 | 30.5 | - | - | - | - | - |
| (273.1) |
| (339.7) |
| (230.0) |
| (151.8) |
| 26.2 |
| (71.4) |
| (57.5) |
| (75.9) |
| (62.0) |
| (43.8) |
| (20.5) |
| (21.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 6.9 |
| 6.8 |
| 5.8 |
| 5.7 |
| 4.7 |
| 5.8 |
| 6.0 |
| 5.9 |
| 5.1 |
| 3.6 |
| 3.5 |
| 3.9 |
| 3.9 |
| 4.1 |
| 4.5 |
| 4.8 |
| 4.1 |
| 3.6 |
| 4.3 |
| 3.9 |
| 3.0 |
| 3.3 |
| 2.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.9 |
| 30.8 |
| 32.4 |
| 22.7 |
| 27.5 |
| 20.2 |
| 20.2 |
| 17.0 |
| 15.5 |
| 14.6 |
| 13.5 |
| 15.8 |
| 15.2 |
| 19.7 |
| 18.2 |
| 19.3 |
| 20.1 |
| 20.7 |
| 15.8 |
| 14.1 |
| 13.5 |
| 11.4 |
| 15.5 |
| 8.9 |
| 0.6 |
| 0.6 |
| 0.6 |
| 0.6 |
| 0.6 |
| 0.6 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.4 |
| (0.6) |
| (0.6) |
| (0.6) |
| (0.6) |
| (0.6) |
| (0.5) |
| (0.1) |
| 0.2 |
| 0.3 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.5 |
| 0.6 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.3 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 96.2 |
| (20.6) |
| (22.9) |
| (27.7) |
| (20.4) |
| (20.4) |
| (17.1) |
| (15.2) |
| (14.0) |
| (12.8) |
| (14.9) |
| (14.3) |
| (18.8) |
| (17.3) |
| (18.4) |
| (19.4) |
| (19.1) |
| (15.1) |
| (13.6) |
| (13.0) |
| (10.8) |
| (15.0) |
| (8.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 96.2 |
| (20.6) |
| (22.9) |
| (27.7) |
| (20.4) |
| (20.4) |
| (17.1) |
| (15.2) |
| (14.0) |
| (12.8) |
| (14.9) |
| (14.3) |
| (18.8) |
| (17.3) |
| (18.4) |
| (19.4) |
| (19.1) |
| (15.1) |
| (13.6) |
| (13.0) |
| (10.8) |
| (15.0) |
| (8.4) |
| (37.2) |
| 96.2 |
| (20.6) |
| (22.9) |
| (27.7) |
| (20.4) |
| (20.4) |
| (17.1) |
| (15.2) |
| (14.0) |
| (12.8) |
| (14.9) |
| (14.3) |
| (18.8) |
| (17.3) |
| (18.4) |
| (19.4) |
| (19.1) |
| (15.1) |
| (13.6) |
| (13.0) |
| (10.8) |
| (15.0) |
| (8.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (37.6) |
| (37.2) |
| 96.2 |
| (20.6) |
| (22.9) |
| (27.7) |
| (20.4) |
| (20.4) |
| (17.1) |
| (19.1) |
| (14.0) |
| (12.8) |
| (14.9) |
| (14.3) |
| (18.8) |
| (17.3) |
| (18.4) |
| (19.4) |
| (19.1) |
| (15.1) |
| (13.6) |
| (13.0) |
| (10.8) |
| (15.0) |
| (8.4) |
| (0.40) |
| (0.44) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 52.0 |
| 51.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 52.0 |
| 51.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (22.3) |
| (27.2) |
| (19.9) |
| (19.9) |
| (16.6) |
| (15.1) |
| (14.2) |
| (13.1) |
| (15.4) |
| (14.8) |
| (19.3) |
| (17.8) |
| (19.0) |
| (19.8) |
| (19.5) |
| (15.4) |
| (13.8) |
| (13.2) |
| (11.1) |
| (15.2) |
| (8.6) |