| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||
| Revenues | 121.5 | 120.9 | 115.6 | 111.8 | 109.3 | 107.1 | 102.6 | 99.4 | 96.8 | 93.6 | 85.5 | 79.3 | 75.2 | 69.7 | 65.3 | 61.4 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 469.8 | 457.5 | 405.9 | 333.6 | 253.8 | 187.9 | 132.9 | 102.7 | 78.8 |
| Cost of Revenue | 105.8 | 102.7 | 91.5 | 76.3 | 59.9 | 46.8 | 34.9 | 28.2 | 21.0 |
| Gross Profit | 363.9 | 354.9 | 314.4 | 257.4 | 194.0 | 141.1 | 98.0 | 74.6 | 57.8 |
| Operating Expenses | |||||||||
| Research & Development | 105.0 | 101.3 | 102.8 | 79.6 | 61.4 | 40.0 | 30.5 | 28.1 | 25.4 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | (38.1) | (43.5) | (60.4) | (69.3) | (51.7) | (28.1) | (32.0) | (47.3) | (20.8) |
| Non-Operating | |||||||||
| Interest Income | 3.3 | 3.4 | 4.0 | 7.0 | 2.5 | 0.3 | 0.6 | 0.3 | 0.0 |
| Interest Expense | 2.7 | 2.5 | 3.5 | 2.8 | 0.2 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | 0.8 | 0.6 | 0.7 | 0.6 | 0.4 | 0.2 | 0.1 | 0.1 | 0.0 |
| Net Income From Continuing Ops | (38.4) | (43.3) | (62.0) | (66.4) | |||||
| Per Share | |||||||||
| EPS Basic | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.64) | (0.74) | (1.09) | (1.19) | (0.92) | ||||
| Supplementary Data | |||||||||
| EBITDA | - | (39.7) | (56.5) | (66.1) | (48.8) | (25.1) | (29.2) | (44.5) | (18.3) |
| EBIT | (38.1) | (43.5) | (60.4) | (69.3) | (51.7) | ||||
| 57.4 |
| 53.3 |
| 49.1 |
| 44.7 |
| 40.8 |
| 37.3 |
| 33.7 |
| 31.4 |
| 30.5 |
| 28.1 |
| 26.4 |
| 24.8 |
| 23.4 |
| Cost of Revenue | 28.0 | 27.1 | 25.8 | 24.9 | 24.8 | 23.4 | 23.2 | 22.4 | 22.4 | 21.0 | 20.2 | 18.2 | 16.9 | 15.4 | 15.3 | 15.1 | 14.0 | 13.3 | 12.3 | 11.2 | 10.0 | 9.6 | 8.8 | 8.3 | 8.2 | 8.9 | 7.2 | 6.2 | 5.8 |
| Gross Profit | 93.5 | 93.7 | 89.8 | 86.8 | 84.5 | 83.7 | 79.4 | 77.0 | 74.4 | 72.6 | 65.3 | 61.1 | 58.3 | 54.2 | 50.0 | 46.3 | 43.4 | 40.0 | 36.7 | 33.5 | 30.8 | 27.7 | 24.9 | 23.1 | 22.3 | 19.3 | 19.2 | 18.5 | 17.5 |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 26.9 | 28.4 | 25.1 | 24.6 | 23.2 | 27.6 | 26.3 | 25.1 | 23.8 | 22.7 | 20.1 | 19.0 | 17.9 | 16.7 | 16.3 | 15.4 | 13.1 | 12.2 | 10.6 | 9.0 | 8.3 | 7.8 | 7.7 | 7.7 | 7.3 | 8.9 | 6.4 | 6.4 | 6.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | 48.5 | 47.9 | 47.0 | 48.2 | 47.5 | 45.9 | 47.5 | 46.2 | 44.5 | 47.4 | 44.5 | 39.3 | 36.9 | 35.3 | 32.4 | 30.4 | 25.6 | ||||||||||||
| General & Administrative | 23.9 | 28.3 | 26.8 | 26.4 | 25.0 | 23.8 | 22.5 | 22.2 | 19.3 | 20.8 | 25.0 | 17.7 | 15.5 | 15.4 | 15.7 | 15.1 | 14.4 | ||||||||||||
| Depreciation & Amortization | 0.9 | - | - | - | 1.2 | - | - | - | 0.9 | - | - | - | 0.7 | - | - | - | |||||||||||||
| Amortization of Intangibles | 2.4 | - | - | - | 1.3 | - | - | - | 1.6 | - | - | - | 0.4 | - | - | - | 0.3 | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 99.4 | 104.6 | 98.9 | 99.2 | 95.7 | 97.4 | 96.3 | 93.5 | 87.6 | 90.8 | 89.5 | 76.0 | 70.3 | 67.4 | 64.4 | 60.8 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (5.8) | (10.8) | (9.1) | (12.3) | (11.2) | (13.7) | (16.9) | (16.5) | (13.3) | (18.2) | (24.2) | (14.9) | (11.9) | (13.1) | (14.4) | (14.5) | (9.6) | (9.7) | (6.8) | (5.3) | (6.2) | (5.8) | (6.9) | (8.3) | (10.9) | (25.9) | (5.1) | (10.9) | (5.4) |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | 0.8 | 0.7 | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 | 1.1 | 1.0 | 1.2 | 1.7 | 2.1 | 2.0 | 1.4 | 0.7 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.5 | 0.1 | 0.1 | 0.1 | 0.1 |
| Interest Expense | 0.7 | 0.8 | 0.8 | 0.4 | 0.5 | 0.7 | 0.9 | 1.0 | 1.0 | 1.5 | 1.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | (0.2) | (0.1) | (0.3) | 0.4 | (0.2) | (0.6) | (0.1) | (0.3) | (0.4) | (0.1) | (0.3) | (0.1) | (0.2) | (0.0) | (0.2) | (0.3) | (0.1) | ||||||||||||
| Pre-Tax Income | (5.9) | (11.0) | (9.3) | (11.4) | (11.0) | (14.1) | (16.8) | (16.7) | (13.7) | (18.7) | (24.0) | (13.0) | (10.2) | (11.8) | (13.8) | (14.5) | |||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | 0.4 | (0.3) | 0.1 | 0.6 | 0.2 | 0.3 | 0.3 | 0.2 | (0.1) | 1.4 | (1.0) | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (6.3) | (10.7) | (9.4) | (12.0) | (11.2) | (14.4) | (17.1) | (16.9) | (13.6) | (20.1) | (23.0) | (13.1) | (10.3) | (11.9) | (13.9) | (14.6) | (9.8) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (6.3) | (10.7) | (9.4) | (12.0) | (11.2) | (14.4) | (17.1) | (16.9) | (13.6) | (20.1) | (23.0) | (13.1) | (10.3) | (11.9) | (13.9) | (14.6) | (9.8) | ||||||||||||
| Net Income Attributable To Parent | (6.3) | (10.7) | (9.4) | (12.0) | (11.2) | (14.4) | (17.1) | (16.9) | (13.6) | (20.1) | (23.0) | (13.1) | (10.3) | (11.9) | (13.9) | (14.6) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (6.3) | (10.7) | (9.4) | (12.0) | (11.2) | (14.4) | (17.1) | (16.9) | (13.6) | (20.1) | (23.0) | (13.1) | (10.3) | (11.9) | (13.9) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.11) | - | (0.16) | (0.21) | (0.19) | - | (0.30) | (0.30) | (0.24) | - | (0.41) | (0.24) | (0.19) | - | (0.25) | (0.27) | (0.18) | - | |||||||||||
| Shares Basic | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Shares Diluted | 59.7 | - | 58.9 | 58.4 | 57.9 | - | 57.2 | 56.7 | 56.3 | - | 55.8 | 55.5 | 55.2 | - | 54.7 | 54.5 | 54.3 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (4.9) | - | - | - | (10.0) | - | - | - | (12.4) | - | - | - | (11.2) | - | - | - | (8.9) | - | - | - | (5.5) | - | - | - | (10.2) | - | - | - | (4.7) |
| EBIT | (5.8) | (10.8) | (9.1) | (12.3) | (11.2) | (13.7) | (16.9) | (16.5) | (13.3) | (18.2) | (24.2) | (14.9) | (11.9) | (13.1) | (14.4) | (14.5) | (9.6) | (9.7) | (6.8) | ||||||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 191.7 | 190.6 | 184.1 | 168.1 | 123.7 | 84.2 | 59.1 | 55.6 | 36.0 |
| General & Administrative | 105.4 | 106.5 | 87.9 | 79.0 | 60.5 | 44.9 | 40.4 | 38.2 | 17.2 |
| Depreciation & Amortization | - | 3.8 | 3.9 | 3.1 | 2.9 | 3.0 | 2.8 | 2.7 | 2.4 |
| Amortization of Intangibles | - | 7.0 | 6.2 | 3.5 | 1.0 | 1.0 | 1.4 | 1.5 | 1.5 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 402.0 | 398.3 | 374.8 | 326.7 | 245.6 | 169.2 | 130.0 | 121.8 | 78.6 |
| 0.3 |
| 0.4 |
| 0.3 |
| 0.6 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.2) | (0.2) | (1.4) | (0.8) | (0.6) | (0.4) | 0.2 | 0.5 | - |
| Pre-Tax Income | (37.7) | (42.7) | (61.3) | (65.8) | (49.9) | (28.5) | (31.5) | (46.7) | (20.9) |
| (50.2) |
| (28.7) |
| (31.7) |
| (46.8) |
| (20.9) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (38.4) | (43.3) | (62.0) | (66.4) | (50.2) | (28.7) | (31.7) | (46.8) | (20.9) |
| Net Income Attributable To Parent | (38.4) | (43.3) | (62.0) | (66.4) | (50.2) | (28.7) | (31.7) | (46.8) | (20.9) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (38.4) | (43.3) | (62.0) | (66.4) | (50.2) | (28.7) | (31.7) | (46.8) | (20.9) |
| (0.53) |
| (0.62) |
| - |
| - |
| Shares Basic | - | - | - | - | - | - | - | - | - |
| Shares Diluted | 59.7 | 58.6 | 56.9 | 55.7 | 54.6 | 53.8 | 51.4 | - | - |
| (28.1) |
| (32.0) |
| (47.3) |
| (20.8) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 24.8 |
| 21.4 |
| 19.8 |
| 18.2 |
| 16.3 |
| 14.8 |
| 14.2 |
| 13.9 |
| 21.5 |
| 11.9 |
| 11.7 |
| 10.5 |
| 12.7 |
| 11.6 |
| 10.0 |
| 10.6 |
| 9.4 |
| 9.3 |
| 9.5 |
| 12.1 |
| 14.8 |
| 6.1 |
| 11.3 |
| 6.1 |
| 0.7 |
| - |
| - |
| - |
| 0.7 |
| - |
| - |
| - |
| 0.7 |
| - |
| - |
| - |
| 0.7 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.4 |
| - |
| - |
| - |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 53.0 |
| 49.7 |
| 43.6 |
| 38.8 |
| 37.0 |
| 33.5 |
| 31.8 |
| 31.4 |
| 33.3 |
| 45.2 |
| 24.3 |
| 29.4 |
| 22.9 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| (0.1) |
| (0.1) |
| (0.1) |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| (9.7) |
| (9.8) |
| (6.9) |
| (5.4) |
| (6.4) |
| (5.8) |
| (6.9) |
| (8.3) |
| (10.5) |
| (25.8) |
| (5.0) |
| (10.7) |
| (5.2) |
| (9.9) |
| (7.0) |
| (5.4) |
| (6.4) |
| (5.9) |
| (7.0) |
| (8.3) |
| (10.5) |
| (25.9) |
| (5.0) |
| (10.8) |
| (5.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (9.9) |
| (7.0) |
| (5.4) |
| (6.4) |
| (5.9) |
| (7.0) |
| (8.3) |
| (10.5) |
| (25.9) |
| (5.0) |
| (10.8) |
| (5.2) |
| (9.8) |
| (9.9) |
| (7.0) |
| (5.4) |
| (6.4) |
| (5.9) |
| (7.0) |
| (8.3) |
| (10.5) |
| (25.9) |
| (5.0) |
| (10.8) |
| (5.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (14.6) |
| (9.8) |
| (9.9) |
| (7.0) |
| (5.4) |
| (6.4) |
| (5.9) |
| (7.0) |
| (8.3) |
| (10.5) |
| (25.9) |
| (5.0) |
| (10.8) |
| (5.2) |
| (0.13) |
| (0.10) |
| (0.12) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 53.9 |
| 53.7 |
| 53.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (5.3) |
| (6.2) |
| (5.8) |
| (6.9) |
| (8.3) |
| (10.9) |
| (25.9) |
| (5.1) |
| (10.9) |
| (5.4) |