| (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 | Q3 FY 17 | Q2 FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||
| Revenues | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | - | 0.0 | - | - | 33.2 | 18.8 | 15.4 | 20.5 | 0.0 | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 211.6 | 208.4 | 184.6 | 121.9 | 124.4 | 108.5 | 74.1 | 54.2 | 36.3 | 19.9 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (409.6) | (384.6) | (252.1) | (171.3) | (134.4) | (129.9) | (86.9) | (54.5) | (50.7) | (25.0) |
| Non-Operating | ||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 7.4 | 6.9 | 6.8 | 6.5 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (408.7) | (377.9) | (246.3) | |||||||
| Per Share | ||||||||||
| EPS Basic | (3.21) | (3.29) | (2.47) | (1.99) | (2.26) | (3.59) | (2.81) | - | - | - |
| EPS Diluted | (3.21) | (3.29) | (2.47) | (1.99) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | - | (383.0) | (250.1) | (168.5) | (131.4) | (127.3) | (85.4) | (53.2) | (49.9) | (24.4) |
| EBIT | (409.6) | (384.6) | (252.1) | (171.3) | ||||||
| 33.2 |
| 4.0 |
| 5.5 |
| 4.6 |
| 4.7 |
| 3.4 |
| 3.0 |
| 3.9 |
| 5.0 |
| 7.6 |
| 4.8 |
| 5.0 |
| 3.1 |
| - |
| 0.0 |
| 0.0 |
| - |
| 0.0 |
| 0.0 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||
| Research & Development | 51.8 | 46.9 | 50.5 | 62.4 | 48.7 | 50.4 | 48.7 | 42.4 | 43.1 | 35.0 | 30.3 | 26.9 | 29.7 | 29.6 | 33.4 | 32.1 | 29.4 | 29.1 | 31.3 | 25.6 | 22.5 | 21.8 | 18.4 | 17.0 | 16.9 | 14.1 | 15.7 | 13.7 | 10.7 | 10.1 | 8.1 | 11.4 | 6.7 | 4.8 | 4.7 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| General & Administrative | 50.2 | 45.0 | 53.1 | 49.7 | 28.4 | 19.0 | 16.1 | 17.1 | 15.3 | 13.1 | 13.3 | 12.2 | 10.8 | 10.8 | 10.5 | 11.1 | 10.8 | ||||||||||||||||||
| Depreciation & Amortization | 0.3 | - | - | - | 0.4 | - | - | - | 0.6 | - | - | - | 0.7 | - | - | - | |||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Total Operating Expenses | 102.0 | 91.9 | 103.6 | 112.1 | 77.1 | 69.4 | 64.8 | 59.5 | 58.4 | 48.0 | 43.7 | 39.1 | 40.5 | 40.4 | 43.9 | 43.1 | |||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||
| Operating Income | (102.0) | (91.9) | (103.6) | (112.1) | (77.1) | (69.4) | (64.8) | (59.5) | (58.4) | (48.0) | (43.7) | (39.1) | (40.5) | (40.4) | (43.9) | (43.1) | (6.9) | (35.4) | (37.1) | (30.3) | (27.2) | (26.1) | (23.6) | (19.5) | (17.7) | (12.3) | (17.1) | (13.4) | (11.7) | (15.6) | (11.2) | (14.9) | (9.0) | (5.9) | (5.9) |
| Non-Operating | |||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 2.3 | 2.5 | 1.3 | 1.2 | 1.8 | - | 1.7 | 1.7 | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Other Non-Operating Income | (3.5) | 0.9 | 1.3 | 2.1 | 2.4 | 2.9 | 0.3 | 1.0 | 1.6 | 1.9 | 1.3 | 1.2 | 1.1 | 1.2 | 0.6 | (0.9) | (1.0) | ||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (105.5) | (91.0) | (102.2) | (110.0) | (74.7) | (66.5) | (64.5) | (58.5) | (56.9) | (46.1) | (42.4) | (37.9) | (39.4) | (39.3) | (43.3) | (44.0) | (8.0) | ||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income | (105.5) | (91.0) | (102.2) | (110.0) | (74.7) | (66.5) | (64.5) | (58.5) | (56.9) | (46.1) | (42.4) | (37.9) | (39.4) | (39.3) | (43.3) | (44.0) | (8.0) | ||||||||||||||||||
| Net Income Attributable To Parent | (105.5) | (91.0) | (102.2) | (110.0) | (74.7) | (66.5) | (64.5) | (58.5) | (56.9) | (46.1) | (42.4) | (37.9) | (39.4) | (39.3) | (43.3) | (44.0) | |||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income To Common Shareholders | (105.5) | (91.0) | (102.2) | (110.0) | (74.7) | (66.5) | (64.5) | (58.5) | (56.9) | (46.1) | (42.4) | (37.9) | (39.4) | (39.3) | (43.3) | ||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||
| EPS Basic | (0.83) | - | (0.90) | (0.98) | (0.67) | - | (0.66) | (0.60) | (0.59) | - | (0.53) | (0.47) | (0.49) | - | (0.55) | (1.06) | (0.21) | - | (1.02) | (0.84) | (0.76) | - | (0.79) | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.83) | - | (0.90) | (0.98) | (0.67) | - | (0.66) | (0.60) | (0.59) | - | (0.53) | (0.47) | (0.49) | - | (0.55) | (1.06) | (0.21) | - | |||||||||||||||||
| Shares Basic | 127.3 | - | 113.7 | 112.7 | 111.8 | - | 97.1 | 96.8 | 95.9 | - | 80.6 | 80.1 | 79.6 | - | 79.3 | 41.6 | 37.5 | - | |||||||||||||||||
| Shares Diluted | 127.3 | - | 113.7 | 112.7 | 111.8 | - | 97.1 | 96.8 | 95.9 | - | 80.6 | 80.1 | 79.6 | - | 79.3 | 41.6 | 37.5 | - | |||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||
| EBITDA | (101.7) | - | - | - | (76.7) | - | - | - | (57.8) | - | - | - | (39.8) | - | - | - | (6.2) | - | - | - | (26.6) | - | - | - | (17.3) | - | - | - | (11.4) | - | - | - | (8.8) | - | - |
| EBIT | (102.0) | (91.9) | (103.6) | (112.1) | (77.1) | (69.4) | (64.8) | (59.5) | (58.4) | (48.0) | (43.7) | (39.1) | (40.5) | (40.4) | (43.9) | (43.1) | (6.9) | (35.4) | (37.1) | ||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 198.0 | 176.2 | 67.5 | 49.4 | 43.1 | 40.3 | 28.2 | 20.8 | 14.4 | 5.1 |
| Depreciation & Amortization | - | 1.7 | 1.9 | 2.8 | 3.0 | 2.6 | 1.5 | 1.3 | 0.8 | 0.7 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 409.6 | 384.6 | 252.1 | 171.3 | 167.6 | 148.7 | 102.3 | 75.0 | 50.7 | 25.0 |
| 4.7 |
| 2.1 |
| 0.4 |
| 0.0 |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.8 | 6.7 | 5.8 | 5.5 | (0.1) | (1.9) | 0.4 | 3.5 | 1.4 | 0.0 |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - |
| (165.8) |
| (134.5) |
| (131.8) |
| (86.5) |
| (51.0) |
| (49.3) |
| (25.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (408.7) | (377.9) | (246.3) | (165.8) | (134.5) | (131.8) | (86.5) | (51.0) | (49.3) | (25.0) |
| Net Income Attributable To Parent | (408.7) | (377.9) | (246.3) | (165.8) | (134.5) | (131.8) | (86.5) | (51.0) | (49.3) | (25.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (408.7) | (377.9) | (246.3) | (165.8) | (134.5) | (131.8) | (86.5) | (51.0) | (49.3) | (25.0) |
| (2.26) |
| (3.59) |
| (2.81) |
| - |
| - |
| - |
| Shares Basic | 127.3 | 114.7 | 99.8 | 83.3 | 59.6 | 36.7 | 30.7 | - | - | - |
| Shares Diluted | 127.3 | 114.7 | 99.8 | 83.3 | 59.6 | 36.7 | 30.7 | - | - | - |
| (134.4) |
| (129.9) |
| (86.9) |
| (54.5) |
| (50.7) |
| (25.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 10.4 |
| 11.3 |
| 9.3 |
| 9.4 |
| 7.8 |
| 8.3 |
| 6.4 |
| 5.8 |
| 5.9 |
| 6.2 |
| 4.7 |
| 4.1 |
| 5.4 |
| 3.2 |
| 3.5 |
| 2.3 |
| 1.2 |
| 1.2 |
| 0.7 |
| - |
| - |
| - |
| 0.6 |
| - |
| - |
| - |
| 0.4 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 40.1 |
| 39.4 |
| 42.5 |
| 34.9 |
| 31.9 |
| 29.5 |
| 26.7 |
| 23.4 |
| 22.7 |
| 19.9 |
| 21.9 |
| 18.4 |
| 14.8 |
| 15.6 |
| 11.2 |
| 14.9 |
| 9.0 |
| 5.9 |
| 5.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.6) |
| (0.4) |
| (0.4) |
| (0.5) |
| (0.5) |
| 0.1 |
| 0.2 |
| 0.6 |
| 0.8 |
| 1.0 |
| 0.9 |
| 0.9 |
| 0.6 |
| 0.5 |
| 0.2 |
| 0.1 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (35.9) |
| (37.5) |
| (30.7) |
| (27.7) |
| (26.6) |
| (23.6) |
| (19.3) |
| (17.1) |
| (11.6) |
| (16.1) |
| (12.5) |
| (10.8) |
| (15.0) |
| (10.8) |
| (14.7) |
| (8.9) |
| (5.9) |
| (5.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (35.9) |
| (37.5) |
| (30.7) |
| (27.7) |
| (26.6) |
| (23.6) |
| (19.3) |
| (17.1) |
| (11.6) |
| (16.1) |
| (12.5) |
| (10.8) |
| (15.0) |
| (10.8) |
| (14.7) |
| (8.9) |
| (5.9) |
| (5.9) |
| (8.0) |
| (35.9) |
| (37.5) |
| (30.7) |
| (27.7) |
| (26.6) |
| (23.6) |
| (19.3) |
| (17.1) |
| (11.6) |
| (16.1) |
| (12.5) |
| (10.8) |
| (15.0) |
| (10.8) |
| (14.7) |
| (8.9) |
| (5.9) |
| (5.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (44.0) |
| (8.0) |
| (35.9) |
| (37.5) |
| (30.7) |
| (27.7) |
| (26.6) |
| (23.6) |
| (19.3) |
| (17.1) |
| (11.6) |
| (16.1) |
| (12.5) |
| (10.8) |
| (15.0) |
| (10.8) |
| (14.7) |
| (8.9) |
| (5.9) |
| (5.9) |
| (1.02) |
| (0.84) |
| (0.76) |
| - |
| (0.79) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.7 |
| 36.6 |
| 36.4 |
| - |
| 29.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.7 |
| 36.6 |
| 36.4 |
| - |
| 29.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (30.3) |
| (27.2) |
| (26.1) |
| (23.6) |
| (19.5) |
| (17.7) |
| (12.3) |
| (17.1) |
| (13.4) |
| (11.7) |
| (15.6) |
| (11.2) |
| (14.9) |
| (9.0) |
| (5.9) |
| (5.9) |