| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||
| Revenues | 44.2 | 55.1 | 42.0 | 42.7 | 29.1 | 34.5 | 25.1 | 13.5 | 11.6 | 17.1 | 13.3 | 8.8 | 6.7 | 9.5 | 11.2 | 6.2 | |||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenues | 184.0 | 168.9 | 84.7 | 45.9 | 31.1 | 21.2 |
| Cost of Revenue | 109.3 | 97.4 | 43.3 | 11.3 | 9.6 | 6.6 |
| Gross Profit | 74.7 | 71.6 | 41.4 | 34.6 | 21.5 | 14.6 |
| Operating Expenses | ||||||
| Research & Development | 99.7 | 98.3 | 70.6 | 51.4 | 76.4 | 59.2 |
| Selling General & Administrative | - | - | - | - | - | - |
| Operating Income | ||||||
| Operating Income | (174.0) | (23.3) | (341.4) | (68.6) | (105.7) | (65.3) |
| Non-Operating | ||||||
| Interest Income | 9.2 | 9.8 | 8.4 | 2.9 | 0.4 | 0.0 |
| Interest Expense | 0.5 | 0.7 | 12.2 | 17.6 | 6.9 | 8.3 |
| Income From Equity Investments | ||||||
| Tax & Net | ||||||
| Income Tax Expense | 4.7 | 4.7 | (9.2) | 3.9 | 2.9 | 0.5 |
| Net Income From Continuing Ops | (169.0) | (14.0) | (350.7) | (88.9) | (116.7) | (1.0) |
| Net Income From Discontinued Ops | ||||||
| Per Share | ||||||
| EPS Basic | (0.40) | (0.03) | (1.04) | (0.40) | (0.74) | (1.18) |
| EPS Diluted | (0.39) | (0.28) | (1.04) | (0.40) | (0.74) | (1.18) |
| Shares Basic | ||||||
| Supplementary Data | ||||||
| EBITDA | - | (22.3) | (340.2) | (66.3) | (101.7) | (59.8) |
| EBIT | (174.0) | (23.3) | (341.4) | (68.6) | (105.7) | (65.3) |
| 4.3 |
| - |
| 4.0 |
| 8.3 |
| - |
| Cost of Revenue | 30.5 | 28.7 | 24.1 | 26.0 | 18.5 | 20.8 | 12.9 | 5.0 | 4.7 | 3.9 | 3.6 | 1.8 | 2.0 | 2.8 | 2.6 | 2.5 | 1.8 | - | 1.7 | 1.6 | - |
| Gross Profit | 13.7 | 26.4 | 17.9 | 16.7 | 10.6 | 13.8 | 12.2 | 8.5 | 6.9 | 13.2 | 9.7 | 6.9 | 4.7 | 6.7 | 8.6 | 3.7 | 2.5 | - | 2.4 | 6.7 | - |
| Operating Expenses | |||||||||||||||||||||
| Research & Development | 26.2 | 24.8 | 22.8 | 25.8 | 24.8 | 20.4 | 19.5 | 15.7 | 14.9 | 12.7 | 12.8 | 11.7 | 14.2 | 21.5 | 19.4 | 18.9 | 16.7 | - | 14.3 | 14.0 | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Selling & Marketing | 19.2 | 17.4 | 16.4 | 15.8 | 12.0 | 9.6 | 8.4 | 5.7 | 5.5 | 4.5 | 4.5 | 5.1 | 4.9 | 6.7 | 6.7 | 4.4 | 2.6 | ||||
| General & Administrative | 25.7 | 21.2 | 24.3 | 18.2 | 18.4 | 16.4 | 17.0 | 9.5 | 10.3 | 7.6 | 6.9 | 6.4 | 7.3 | 7.4 | 9.7 | 9.4 | 4.0 | ||||
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.9 | 1.1 | - | ||||
| Amortization of Intangibles | 4.7 | 4.9 | 4.0 | 3.5 | 3.5 | 3.5 | 2.4 | 0.6 | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | ||||
| Other Operating Expenses | - | - | 7.2 | 4.8 | 2.9 | - | 2.6 | 5.0 | 1.5 | 1.5 | 1.3 | (0.8) | (0.8) | 0.5 | (1.0) | 0.2 | (1.1) | ||||
| Total Operating Expenses | 66.9 | 12.5 | 157.9 | 120.7 | (99.0) | 291.6 | 58.9 | 35.4 | 40.1 | 29.5 | 27.8 | 25.2 | 31.9 | 38.5 | 38.3 | 35.1 | |||||
| Operating Income | |||||||||||||||||||||
| Operating Income | (22.7) | 42.6 | (115.9) | (78.1) | 128.1 | (257.1) | (33.8) | (22.0) | (28.5) | (12.4) | (14.5) | (16.5) | (25.2) | (29.0) | (27.1) | (28.9) | (20.7) | (35.6) | (17.2) | (12.5) | (0.1) |
| Non-Operating | |||||||||||||||||||||
| Interest Income | 1.7 | 2.4 | 2.8 | 2.4 | 2.2 | 1.5 | 2.3 | 2.8 | 1.8 | 0.8 | 1.2 | 0.7 | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 1.3 | 1.1 | 4.1 | 5.7 | 5.5 | 5.4 | 5.6 | 1.1 | 1.2 | 1.2 | 1.6 | 3.0 | - | |||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Other Non-Operating Income | (1.6) | (0.3) | 7.1 | 4.6 | 2.7 | (1.2) | 1.5 | (14.7) | (4.2) | (4.0) | (4.1) | (6.4) | (1.9) | (6.4) | (2.1) | 0.2 | 0.1 | ||||
| Pre-Tax Income | (24.2) | 42.3 | (108.8) | (73.5) | 130.8 | (258.3) | (32.2) | (36.7) | (32.7) | (16.4) | (18.6) | (22.9) | (27.1) | (29.6) | (29.2) | (30.3) | |||||
| Tax & Net | |||||||||||||||||||||
| Income Tax Expense | 0.8 | 2.2 | 0.5 | 1.3 | 0.8 | 0.3 | (10.5) | 0.6 | 0.3 | 1.6 | 1.6 | 0.4 | 0.3 | 1.3 | 0.9 | 0.4 | 0.4 | - | 1.2 | 0.0 | - |
| Net Income From Continuing Ops | (25.0) | 40.1 | (109.3) | (74.7) | 129.9 | (258.6) | (21.8) | (37.3) | (33.0) | (18.0) | (20.2) | (23.3) | (27.4) | (30.9) | (30.1) | (30.7) | (25.1) | ||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Net Income | (25.0) | 40.1 | (109.3) | (74.7) | 129.9 | (258.6) | (21.8) | (37.3) | (33.0) | (18.0) | (20.2) | (23.3) | (27.4) | (30.9) | (30.1) | (30.7) | (25.1) | ||||
| Net Income Attributable To Parent | (25.0) | 40.1 | (109.3) | (74.7) | 129.9 | (258.6) | (21.8) | (37.3) | (33.0) | (18.0) | (20.2) | (23.3) | (27.4) | (30.9) | (30.1) | (30.7) | |||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||
| Less: Preferred Dividends | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 0.6 | 0.6 | 0.9 | 0.7 | - | 0.0 | - | - | ||||
| Net Income To Common Shareholders | (25.0) | 40.8 | (109.3) | (74.7) | 129.2 | (258.6) | (21.8) | (37.4) | (33.4) | (18.6) | (20.8) | (24.2) | (28.1) | (55.6) | (30.1) | ||||||
| Per Share | |||||||||||||||||||||
| EPS Basic | (0.06) | - | (0.27) | (0.19) | 0.33 | - | (0.06) | (0.11) | (0.12) | - | (0.09) | (0.11) | (0.14) | - | (0.15) | (0.19) | (0.36) | - | (0.35) | (0.22) | 3.41 |
| EPS Diluted | (0.11) | - | (0.27) | (0.19) | 0.31 | - | (0.06) | (0.11) | (0.12) | - | (0.09) | (0.11) | (0.14) | - | (0.15) | (0.19) | (0.36) | - | |||
| Shares Basic | 421.5 | - | 409.8 | 400.1 | 393.9 | - | 360.4 | 331.8 | 286.6 | - | 242.0 | 220.8 | 205.1 | - | 197.0 | 162.0 | 69.6 | - | |||
| Shares Diluted | 429.8 | - | 411.7 | 402.0 | 414.2 | - | 360.4 | 331.8 | 286.6 | - | 242.0 | 220.8 | 205.1 | - | 197.0 | 162.0 | 69.6 | - | |||
| Supplementary Data | |||||||||||||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (26.2) | (27.9) | - | - | (15.9) | (11.1) | - |
| EBIT | (22.7) | 42.6 | (115.9) | (78.1) | 128.1 | (257.1) | (33.8) | (22.0) | (28.5) | (12.4) | (14.5) | (16.5) | (25.2) | (29.0) | (27.1) | (28.9) | (20.7) | (35.6) | (17.2) | ||
| Selling & Marketing | 68.8 | 61.6 | 29.1 | 18.9 | 20.4 | 4.2 |
| General & Administrative | 89.5 | 82.2 | 53.3 | 28.3 | 30.4 | 16.5 |
| Depreciation & Amortization | - | 1.0 | 1.2 | 2.3 | 4.0 | 5.5 |
| Amortization of Intangibles | 17.1 | 15.9 | 7.1 | 0.0 | 0.0 | - |
| Other Operating Expenses | - | - | - | 1.2 | (1.3) | (5.4) |
| Total Operating Expenses | 358.0 | 192.2 | 426.0 | 114.5 | 136.8 | 86.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| Other Non-Operating Income | 9.8 | 14.0 | (18.6) | (16.4) | (8.2) | 0.0 |
| Pre-Tax Income | (164.3) | (9.3) | (359.9) | (85.0) | (113.8) | (79.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| Net Income | (169.0) | (14.0) | (350.7) | (88.9) | (116.7) | (1.0) |
| Net Income Attributable To Parent | (169.0) | (14.0) | (350.7) | (88.9) | (116.7) | (79.5) |
| Less: Minority Interest | - | - | - | - | - | - |
| Less: Preferred Dividends | - | 0.0 | 0.4 | 2.8 | 0.0 | 0.0 |
| Net Income To Common Shareholders | (168.3) | (14.0) | (351.1) | (91.7) | (116.7) | (79.5) |
| 421.5 |
| 405.4 |
| 338.5 |
| 229.3 |
| 157.3 |
| 67.3 |
| Shares Diluted | 429.8 | 409.5 | 338.5 | 229.3 | 157.3 | 67.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.2 |
| 1.0 |
| - |
| - |
| 4.0 |
| 4.1 |
| - |
| - |
| 1.3 |
| 1.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| (2.7) |
| 0.2 |
| - |
| 25.0 |
| - |
| 21.2 |
| 20.8 |
| - |
| 2.7 |
| 2.3 |
| - |
| - |
| - |
| - |
| - |
| (0.2) |
| 0.0 |
| 0.2 |
| (0.0) |
| (24.8) |
| - |
| (22.6) |
| (14.6) |
| - |
| 13.9 |
| (0.2) |
| (14.7) |
| (0.0) |
| - |
| - |
| - |
| - |
| 13.9 |
| (0.2) |
| (14.7) |
| (0.1) |
| (25.1) |
| (41.0) |
| (23.8) |
| (14.7) |
| (0.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (30.7) |
| (0.4) |
| (41.0) |
| (23.8) |
| (14.7) |
| (0.1) |
| (0.35) |
| (0.22) |
| (2.38) |
| 67.7 |
| 67.4 |
| 3.3 |
| 67.7 |
| 67.4 |
| - |
| (12.5) |
| (0.1) |