| (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 | Q3 FY 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||
| Revenues | 15.8 | 15.8 | 12.7 | 19.2 | 23.9 | 21.7 | 28.6 | 25.4 | 34.8 | 24.2 | 22.1 | 28.1 | 23.2 | 12.9 | 20.4 | 19.4 | ||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 63.5 | 71.6 | 110.5 | 97.6 | 70.8 | 43.4 | 28.5 |
| Cost of Revenue | 36.8 | 42.4 | 70.6 | 59.0 | 53.6 | 18.7 | 10.3 |
| Gross Profit | 26.8 | 29.2 | 39.9 | 38.6 | 17.1 | 24.7 | 18.2 |
| Operating Expenses | |||||||
| Research & Development | 36.7 | 36.7 | 29.2 | 27.7 | 22.1 | 31.6 | 20.8 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (92.3) | (96.0) | (69.3) | (58.8) | (78.9) | (67.8) | (26.0) |
| Non-Operating | |||||||
| Interest Income | 2.9 | 2.4 | 1.5 | 2.3 | 0.9 | 0.0 | 0.1 |
| Interest Expense | 1.7 | 7.4 | 20.4 | 19.0 | 14.0 | 11.4 | 6.8 |
| Tax & Net | |||||||
| Income Tax Expense | 3.7 | 3.6 | 0.2 | (0.1) | 0.3 | 0.5 | 0.4 |
| Net Income From Continuing Ops | 49.0 | 51.3 | (103.4) | (77.6) | (99.0) | (38.1) | |
| Per Share | |||||||
| EPS Basic | 1.38 | 1.66 | (4.28) | (3.96) | (5.66) | (0.61) | (1.85) |
| EPS Diluted | 1.38 | 1.49 | (4.28) | (3.96) | (5.66) | (0.61) | (1.85) |
| Supplementary Data | |||||||
| EBITDA | (81.3) | (83.6) | (47.5) | (40.6) | (60.5) | (59.3) | (20.5) |
| EBIT | (92.3) | (96.0) | (69.3) | (58.8) | (78.9) | (67.8) | (26.0) |
| 18.1 |
| 15.0 |
| 9.6 |
| 9.1 |
| 9.7 |
| 7.2 |
| Cost of Revenue | 9.5 | 9.4 | 8.0 | 9.8 | 15.2 | 14.6 | 15.8 | 14.5 | 25.6 | 17.8 | 12.6 | 15.2 | 13.4 | 24.0 | 10.2 | 9.6 | 9.8 | 6.3 | 5.3 | 3.7 | 3.3 | 2.4 |
| Gross Profit | 6.3 | 6.4 | 4.6 | 9.4 | 8.7 | 7.0 | 12.7 | 10.9 | 9.2 | 6.4 | 9.5 | 12.8 | 9.8 | (11.1) | 10.2 | 9.8 | 8.2 | 8.7 | 4.2 | 5.4 | 6.4 | 4.8 |
| Operating Expenses | ||||||||||||||||||||||
| Research & Development | 8.7 | 8.7 | 9.1 | 10.2 | 8.7 | 10.1 | 5.6 | 7.5 | 6.0 | 4.7 | 7.9 | 7.7 | 7.3 | (3.7) | 8.9 | 8.2 | 8.7 | 9.7 | 7.8 | 7.2 | 6.9 | 5.2 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Selling & Marketing | 3.1 | 2.6 | 2.8 | 4.4 | 5.5 | 6.8 | 5.7 | 5.2 | 5.1 | 5.2 | 7.0 | 6.7 | 6.9 | 7.1 | 7.8 | 6.7 | 6.9 | |||||
| General & Administrative | 18.1 | 15.4 | 13.8 | 17.2 | 17.7 | 17.6 | 12.3 | 10.0 | 9.8 | 8.2 | 11.2 | 10.7 | 11.8 | 11.0 | 9.9 | 11.3 | 12.7 | |||||
| Depreciation & Amortization | 3.0 | 2.9 | 2.6 | 2.5 | 4.4 | 5.4 | 3.9 | 5.7 | 6.8 | - | - | - | 3.9 | - | - | - | ||||||
| Amortization of Intangibles | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.6 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1.4 | 1.7 | 1.7 | 1.7 | |||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Total Operating Expenses | 30.9 | 29.5 | 25.7 | 32.9 | 37.0 | 38.2 | 26.4 | 23.3 | 21.2 | 19.5 | 26.3 | 25.6 | 26.0 | 15.0 | 26.6 | 26.2 | ||||||
| Operating Income | ||||||||||||||||||||||
| Operating Income | (24.6) | (23.1) | (21.1) | (23.5) | (28.3) | (31.2) | (13.7) | (12.4) | (12.0) | (13.1) | (16.8) | (12.8) | (16.1) | (26.1) | (16.4) | (16.4) | (20.0) | (24.0) | (17.4) | (13.6) | (12.8) | (6.5) |
| Non-Operating | ||||||||||||||||||||||
| Interest Income | 0.5 | 0.8 | 1.0 | 0.6 | 0.0 | 0.1 | 0.4 | 0.6 | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 | 0.5 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 | 0.0 | 1.7 | 5.7 | 5.7 | 4.8 | 4.8 | 5.1 | 5.0 | 4.7 | 4.7 | 4.6 | 4.2 | 3.9 | 2.8 | 3.0 | 3.2 | ||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Other Non-Operating Income | (1.2) | (0.2) | 1.4 | 144.9 | 4.8 | (17.5) | 1.3 | (4.1) | (13.6) | (4.7) | (6.5) | (5.2) | (2.5) | (1.2) | (5.4) | (21.8) | 8.5 | |||||
| Pre-Tax Income | (25.8) | (23.3) | (19.7) | 121.4 | (23.5) | (48.7) | (12.4) | (16.5) | (25.6) | (17.8) | (23.3) | (18.0) | (18.6) | (27.3) | (21.8) | (38.2) | ||||||
| Tax & Net | ||||||||||||||||||||||
| Income Tax Expense | 0.1 | 1.8 | (0.0) | 1.8 | (0.0) | 0.1 | 0.0 | 0.1 | (0.0) | (0.6) | (0.0) | 0.4 | 0.0 | (0.1) | 0.1 | 0.1 | 0.3 | (0.5) | 0.3 | 0.3 | 0.4 | 0.2 |
| Net Income From Continuing Ops | (25.8) | (25.1) | (19.7) | 119.6 | (23.5) | (48.8) | (12.5) | (16.6) | (25.5) | (17.2) | (23.3) | (18.4) | (18.7) | (27.1) | (21.8) | (38.3) | (11.8) | |||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income | (25.8) | (25.1) | (19.7) | 119.6 | (23.5) | (48.8) | (12.5) | (16.6) | (25.5) | (17.2) | (23.3) | (18.4) | (18.7) | (27.1) | (21.8) | (38.3) | (11.8) | |||||
| Net Income Attributable To Parent | (25.8) | (25.1) | (19.7) | 119.6 | (23.5) | (48.8) | (12.5) | (16.6) | (25.5) | (17.2) | (23.3) | (18.4) | (18.7) | (27.1) | (21.8) | (38.3) | ||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income To Common Shareholders | (25.8) | (27.6) | (19.7) | 119.2 | (20.7) | (48.8) | (12.5) | (16.6) | (25.5) | (17.2) | (23.3) | (18.4) | (18.7) | (27.1) | (21.8) | |||||||
| Per Share | ||||||||||||||||||||||
| EPS Basic | (0.78) | - | (0.61) | 3.80 | (0.88) | - | (0.50) | (0.68) | (1.17) | - | (1.12) | (0.99) | (1.03) | - | (1.25) | (0.27) | (0.08) | - | (0.83) | (1.44) | (1.11) | (0.43) |
| EPS Diluted | (0.78) | - | (0.61) | 3.72 | (0.88) | - | (0.50) | (0.68) | (1.17) | - | (1.12) | (0.99) | (1.03) | - | (1.25) | (0.27) | (0.08) | - | ||||
| Shares Basic | 33.3 | - | 32.5 | 31.4 | 26.8 | - | 24.9 | 24.5 | 21.8 | - | 20.8 | 18.5 | 18.1 | - | 17.5 | 139.7 | 139.3 | - | ||||
| Shares Diluted | 33.3 | - | 32.5 | 32.1 | 26.8 | - | 24.9 | 24.5 | 21.8 | - | 20.8 | 18.5 | 18.1 | - | 17.5 | 139.7 | 139.3 | - | ||||
| Supplementary Data | ||||||||||||||||||||||
| EBITDA | (21.6) | (20.2) | (18.5) | (21.0) | (23.9) | (25.8) | (9.9) | (6.7) | (5.2) | - | - | - | (12.2) | - | - | - | (15.2) | - | - | - | (11.1) | - |
| EBIT | (24.6) | (23.1) | (21.1) | (23.5) | (28.3) | (31.2) | (13.7) | (12.4) | (12.0) | (13.1) | (16.8) | (12.8) | (16.1) | (26.1) | (16.4) | (16.4) | (20.0) | (24.0) | (17.4) | |||
| - |
| Selling & Marketing | 12.9 | 15.3 | 22.7 | 25.8 | 28.5 | 20.4 | 10.3 |
| General & Administrative | 64.5 | 64.0 | 49.7 | 42.0 | 44.9 | 40.5 | 12.5 |
| Depreciation & Amortization | 11.0 | 12.4 | 21.7 | 18.2 | 18.3 | 8.5 | 5.5 |
| Amortization of Intangibles | 1.5 | 1.5 | 3.2 | 3.5 | 6.6 | 0.7 | 0.1 |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 119.0 | 125.1 | 109.2 | 97.4 | 96.0 | 92.5 | 44.2 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | 144.9 | 150.9 | (33.9) | (18.9) | (19.9) | 30.2 | (6.1) |
| Pre-Tax Income | 52.6 | 54.9 | (103.2) | (77.7) | (98.7) | (37.6) | (32.1) |
| (32.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | 49.0 | 51.3 | (103.4) | (77.6) | (99.0) | (38.1) | (32.5) |
| Net Income Attributable To Parent | 49.0 | 51.3 | (103.4) | (77.6) | (99.0) | (38.1) | (32.5) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | 46.0 | 51.2 | (103.4) | (77.6) | (99.0) | (38.1) | (32.5) |
| Shares Basic | 33.3 | 30.9 | 24.2 | 19.6 | 17.5 | 62.1 | 17.6 |
| Shares Diluted | 33.3 | 32.0 | 24.2 | 19.6 | 17.5 | 62.1 | 17.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| 6.0 |
| 5.6 |
| 4.9 |
| 3.9 |
| 2.3 |
| 17.0 |
| 8.2 |
| 6.9 |
| 8.4 |
| 3.1 |
| 4.8 |
| - |
| - |
| - |
| 1.7 |
| - |
| 0.6 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| 28.2 |
| 32.7 |
| 21.6 |
| 19.0 |
| 19.2 |
| 11.3 |
| 2.4 |
| 3.3 |
| 2.6 |
| 1.5 |
| - |
| - |
| - |
| - |
| - |
| 88.1 |
| (38.5) |
| (13.0) |
| (6.5) |
| (0.9) |
| (11.5) |
| 64.1 |
| (55.8) |
| (26.5) |
| (19.3) |
| (7.4) |
| 51.1 |
| (56.1) |
| (26.9) |
| (6.2) |
| (7.6) |
| - |
| - |
| - |
| - |
| - |
| 51.1 |
| (56.1) |
| (26.9) |
| (6.2) |
| (7.6) |
| (11.8) |
| 64.6 |
| (56.1) |
| (26.9) |
| (19.7) |
| (7.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (38.3) |
| (11.8) |
| 64.6 |
| (56.1) |
| (26.9) |
| (19.7) |
| (7.6) |
| (0.83) |
| (1.44) |
| (1.11) |
| (0.43) |
| 67.3 |
| 18.6 |
| 17.8 |
| 17.6 |
| 67.3 |
| 18.6 |
| 17.8 |
| 17.6 |
| (13.6) |
| (12.8) |
| (6.5) |