| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||
| Revenues | 14.5 | 11.6 | 9.7 | 63.7 | 17.4 | 14.8 | 8.5 | 25.7 | 13.0 | 113.7 | 16.9 | 10.4 | 12.7 | 8.6 | 25.1 | 28.1 | ||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | 99.6 | 102.5 | 62.0 | 153.7 | 67.8 | 61.9 | 42.7 | 42.7 | 38.4 | 51.7 | 59.7 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||
| Research & Development | 151.4 | 166.4 | 252.0 | 180.4 | 137.2 | 104.4 | 77.0 | 65.6 | 54.3 | 54.6 | 43.6 |
| Selling General & Administrative | - | - | |||||||||
| Operating Income | |||||||||||
| Operating Income | (119.5) | (158.4) | (238.5) | (89.3) | (128.9) | (98.5) | (71.1) | (55.5) | (37.2) | (19.3) | 1.4 |
| Non-Operating | |||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | ||||||||
| Tax & Net | |||||||||||
| Income Tax Expense | (0.1) | (0.1) | 2.4 | 18.2 | 2.5 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | (153.6) | (191.1) | |||||||||
| Per Share | |||||||||||
| EPS Basic | (11.74) | (22.49) | (29.40) | (1.78) | (2.35) | (2.29) | (0.99) | - | - | - | - |
| EPS Diluted | (11.74) | (22.49) | (29.40) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | - | (151.0) | (231.2) | (82.5) | (123.3) | (93.7) | (66.8) | (50.7) | (32.7) | (14.3) | 7.0 |
| EBIT | (119.5) | (158.4) | (238.5) | ||||||||
| 5.9 |
| 10.7 |
| 8.5 |
| 28.0 |
| 14.7 |
| 8.3 |
| 17.8 |
| 9.5 |
| 7.2 |
| 11.3 |
| 12.3 |
| 10.5 |
| 8.6 |
| 19.1 |
| 7.8 |
| 5.7 |
| 5.8 |
| 17.5 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Research & Development | 36.6 | 36.6 | 39.9 | 38.3 | 51.6 | 71.0 | 62.1 | 62.0 | 56.9 | 53.8 | 45.7 | 41.6 | 39.4 | 43.1 | 31.7 | 32.3 | 30.0 | 29.9 | 26.6 | 25.3 | 22.6 | 22.7 | 19.4 | 17.2 | 17.6 | 17.4 | 16.9 | 16.1 | 15.2 | 14.8 | 12.6 | 13.8 | 13.1 | 13.7 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| General & Administrative | 7.6 | 8.7 | 8.7 | 10.3 | 13.3 | 9.0 | 14.3 | 12.4 | 12.7 | 16.8 | 15.3 | 15.0 | 15.5 | 14.7 | 14.6 | 15.1 | 15.0 | |||||||||||||||||
| Depreciation & Amortization | 1.3 | - | - | - | 1.9 | - | - | - | 1.8 | - | - | - | 1.6 | - | - | - | ||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Total Operating Expenses | 44.2 | 49.7 | 58.2 | 67.1 | 85.9 | 80.1 | 76.4 | 74.4 | 69.6 | 70.6 | 60.9 | 56.6 | 54.9 | 57.9 | 46.4 | 47.5 | ||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (29.7) | (38.0) | (48.5) | (3.3) | (68.5) | (65.3) | (67.9) | (48.7) | (56.6) | 43.2 | (44.0) | (46.2) | (42.2) | (49.2) | (21.2) | (19.4) | (39.1) | (35.0) | (34.7) | (9.8) | (19.0) | (24.8) | (10.6) | (16.4) | (19.2) | (14.8) | (12.7) | (13.7) | (14.3) | (3.3) | (10.2) | (12.1) | (11.7) | (1.1) |
| Non-Operating | ||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | 0.1 | 0.3 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | ||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Other Non-Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Pre-Tax Income | (38.5) | (46.8) | (56.9) | (11.5) | (76.0) | (70.1) | (48.8) | (48.0) | (58.2) | 46.9 | (47.4) | (38.4) | (49.7) | (34.6) | (19.5) | (23.5) | ||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||
| Income Tax Expense | (0.0) | (0.1) | 0.0 | (0.0) | 0.0 | - | 0.0 | 0.0 | - | 15.8 | 1.8 | 0.2 | 0.4 | - | - | 2.5 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (38.5) | (46.8) | (56.9) | (11.5) | (76.0) | (72.4) | (48.8) | (48.0) | (58.2) | 31.1 | (49.3) | (38.5) | (50.1) | (34.6) | (19.5) | (26.0) | (39.1) | |||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income | (38.5) | (46.8) | (56.9) | (11.5) | (76.0) | (72.4) | (48.8) | (48.0) | (58.2) | 31.1 | (49.3) | (38.5) | (50.1) | (34.6) | (19.5) | (26.0) | (39.1) | |||||||||||||||||
| Net Income Attributable To Parent | (38.5) | (46.8) | (56.9) | (11.5) | (76.0) | (72.4) | (48.8) | (48.0) | (58.2) | 31.1 | (49.3) | (38.5) | (50.1) | (34.6) | (19.5) | (26.0) | ||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income To Common Shareholders | (38.5) | (46.8) | (56.9) | (11.5) | (76.0) | (72.4) | (48.8) | (48.0) | (58.2) | 31.1 | (49.3) | (38.5) | (50.1) | (34.6) | (19.5) | |||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||
| EPS Basic | (2.94) | - | (0.67) | (0.14) | (9.08) | - | (0.59) | (0.59) | (0.59) | - | (0.81) | (0.64) | (0.85) | - | (0.37) | (0.55) | (0.84) | - | (0.67) | (0.13) | - | - | 0.46 | 1.00 | - | - | (0.56) | (0.60) | - | - | - | - | - | - |
| EPS Diluted | (2.94) | - | (0.67) | (0.14) | (9.08) | - | (0.59) | (0.59) | (0.59) | - | (0.81) | (0.64) | (0.85) | - | (0.37) | (0.55) | (0.84) | - | ||||||||||||||||
| Shares Basic | 13.1 | - | 84.9 | 84.6 | 8.4 | - | 82.0 | 81.2 | 61.5 | - | 60.6 | 60.3 | 58.7 | - | 52.3 | 47.0 | 46.5 | - | ||||||||||||||||
| Shares Diluted | 13.1 | - | 84.9 | 84.6 | 8.4 | - | 82.0 | 81.2 | 61.5 | - | 60.6 | 60.3 | 58.7 | - | 52.3 | 47.0 | 46.5 | - | ||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||
| EBITDA | (28.4) | - | - | - | (66.6) | - | - | - | (54.8) | - | - | - | (40.6) | - | - | - | (37.8) | - | - | - | (17.7) | - | - | - | (18.1) | - | - | - | (13.1) | - | - | - | (10.5) | - |
| EBIT | (29.7) | (38.0) | (48.5) | (3.3) | (68.5) | (65.3) | (67.9) | (48.7) | (56.6) | 43.2 | (44.0) | (46.2) | (42.2) | (49.2) | (21.2) | (19.4) | (39.1) | (35.0) | (34.7) | |||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 35.3 | 41.0 | 48.5 | 62.6 | 59.5 | 56.0 | 36.8 | 32.6 | 21.4 | 16.4 | 14.8 |
| Depreciation & Amortization | - | 7.3 | 7.2 | 6.8 | 5.7 | 4.8 | 4.3 | 4.8 | 4.5 | 5.0 | 5.7 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 219.1 | 260.9 | 300.5 | 243.0 | 196.7 | 160.4 | 113.8 | 98.2 | 75.6 | 71.0 | 58.4 |
| 1.3 |
| 2.4 |
| 2.6 |
| 2.3 |
| 1.1 |
| 1.6 |
| 0.6 |
| 0.0 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - | - | - | - | 1.9 | (0.1) | 0.1 |
| Pre-Tax Income | (153.7) | (191.2) | (225.1) | (88.6) | (116.7) | (105.5) | (32.0) | - | - | - | - |
| (227.5) |
| (106.8) |
| (119.2) |
| (105.5) |
| (32.1) |
| (55.7) |
| (35.3) |
| (19.7) |
| 1.7 |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (153.6) | (191.1) | (227.5) | (106.8) | (119.2) | (105.5) | (32.1) | (55.7) | (35.3) | (19.7) | 1.7 |
| Net Income Attributable To Parent | (153.6) | (191.1) | (227.5) | (106.8) | (119.2) | (105.5) | (32.1) | (119.2) | (35.3) | (19.7) | 1.7 |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (153.6) | (191.1) | (227.5) | (106.8) | (119.2) | (105.5) | (32.1) | (119.2) | (35.3) | (19.7) | 1.7 |
| (1.78) |
| (2.35) |
| (2.29) |
| (0.99) |
| - |
| - |
| - |
| - |
| Shares Basic | 13.1 | 8.5 | 7.7 | 60.2 | 50.7 | 46.1 | 32.6 | - | - | - | - |
| Shares Diluted | 13.1 | 8.5 | 7.7 | 60.2 | 50.7 | 46.1 | 32.6 | - | - | - | - |
| (89.3) |
| (128.9) |
| (98.5) |
| (71.1) |
| (55.5) |
| (37.2) |
| (19.3) |
| 1.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 15.8 |
| 16.6 |
| 12.5 |
| 11.1 |
| 10.4 |
| 9.1 |
| 8.6 |
| 8.7 |
| 8.7 |
| 8.1 |
| 8.1 |
| 7.7 |
| 7.6 |
| 5.4 |
| 4.0 |
| 4.4 |
| 4.9 |
| 1.3 |
| - |
| - |
| - |
| 1.3 |
| - |
| - |
| - |
| 1.1 |
| - |
| - |
| - |
| 1.1 |
| - |
| - |
| - |
| 1.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 45.0 |
| 45.7 |
| 43.2 |
| 37.9 |
| 33.7 |
| 33.1 |
| 28.4 |
| 25.9 |
| 26.3 |
| 26.1 |
| 25.0 |
| 24.2 |
| 22.9 |
| 22.4 |
| 18.0 |
| 17.8 |
| 17.5 |
| 18.6 |
| 0.7 |
| 0.6 |
| 0.6 |
| 0.8 |
| 0.7 |
| 0.6 |
| 0.2 |
| 0.1 |
| 0.3 |
| 0.3 |
| 0.4 |
| 0.5 |
| 0.4 |
| 0.3 |
| 0.4 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| - |
| - |
| (0.2) |
| (39.1) |
| - |
| (30.9) |
| (6.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (38.1) |
| (30.9) |
| (6.2) |
| (30.4) |
| (59.5) |
| 17.1 |
| 29.9 |
| (19.6) |
| (14.8) |
| (12.9) |
| (13.8) |
| (14.3) |
| (1.5) |
| (10.2) |
| (11.5) |
| (12.0) |
| (1.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (38.1) |
| (30.9) |
| (6.2) |
| (30.4) |
| (59.5) |
| 17.1 |
| 29.9 |
| (19.6) |
| (14.8) |
| (12.9) |
| (13.8) |
| (14.3) |
| (1.5) |
| (10.2) |
| (11.5) |
| (12.0) |
| (1.4) |
| (39.1) |
| (38.1) |
| (30.9) |
| (6.2) |
| (30.4) |
| (59.5) |
| 17.1 |
| 29.9 |
| (19.6) |
| (78.2) |
| (12.9) |
| (13.8) |
| (14.3) |
| (1.5) |
| (10.2) |
| (11.5) |
| (12.0) |
| (1.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (26.0) |
| (39.1) |
| (38.1) |
| (30.9) |
| (6.2) |
| (30.4) |
| (59.5) |
| 17.1 |
| 29.9 |
| (19.6) |
| (78.2) |
| (12.9) |
| (13.8) |
| (14.3) |
| (1.5) |
| (10.2) |
| (11.5) |
| (12.0) |
| (1.4) |
| (0.67) |
| (0.13) |
| - |
| - |
| 0.45 |
| 0.94 |
| - |
| - |
| (0.56) |
| (0.60) |
| - |
| - |
| - |
| - |
| - |
| - |
| 46.2 |
| 46.1 |
| - |
| - |
| 36.9 |
| 29.9 |
| - |
| - |
| 22.9 |
| 22.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| 46.2 |
| 46.1 |
| - |
| - |
| 37.9 |
| 31.8 |
| - |
| - |
| 22.9 |
| 22.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| (9.8) |
| (19.0) |
| (24.8) |
| (10.6) |
| (16.4) |
| (19.2) |
| (14.8) |
| (12.7) |
| (13.7) |
| (14.3) |
| (3.3) |
| (10.2) |
| (12.1) |
| (11.7) |
| (1.1) |