| (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 | 162.1 | 151.7 | 118.7 | 102.7 | 78.3 | 66.4 | 48.1 | 40.8 | 27.6 | 13.1 | 1.9 | 0.0 | 2.5 | 10.0 | 0.0 | 15.3 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 535.1 | 451.4 | 183.0 | 17.4 | 25.8 | 57.0 | 0.0 | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||
| Research & Development | 72.3 | 64.3 | 53.4 | 50.3 | 42.6 | 41.7 | 18.8 | 3.2 | - |
| Selling General & Administrative | 478.8 | 427.3 | 237.3 | 108.7 | |||||
| Operating Income | |||||||||
| Operating Income | (50.8) | (71.0) | (120.6) | (143.2) | (62.7) | (12.2) | (27.0) | (4.3) | - |
| Non-Operating | |||||||||
| Interest Income | 16.0 | 15.7 | 15.0 | 10.3 | 3.5 | - | - | - | - |
| Interest Expense | 8.9 | 8.9 | 7.8 | 3.3 | 2.2 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | - | 2.1 | 0.0 | 0.0 | (0.0) | 0.1 | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | (48.3) | (66.4) | (115.6) | (135.9) | |||||
| Per Share | |||||||||
| EPS Basic | (1.12) | (1.59) | (3.07) | (4.62) | (2.52) | (0.67) | (4.32) | - | - |
| EPS Diluted | (1.12) | (1.59) | (3.07) | (4.62) | (2.52) | ||||
| Supplementary Data | |||||||||
| EBITDA | (50.0) | (70.1) | (119.9) | (142.4) | (62.4) | (11.9) | (26.9) | (4.3) | - |
| EBIT | (50.8) | (71.0) | (120.6) | (143.2) | (62.7) | ||||
| 0.5 |
| 0.3 |
| 1.2 |
| 22.0 |
| 33.4 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| Cost of Revenue | 9.4 | - | - | - | 5.2 | - | - | - | - | - | - | 0.0 | 0.0 | - | 0.0 | 0.5 | 0.0 | - | 0.1 | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 152.7 | - | - | - | 73.1 | - | - | - | - | - | - | 0.0 | 2.5 | - | 0.0 | 14.8 | 0.5 | - | 1.2 | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 22.4 | 18.0 | 16.3 | 15.6 | 14.4 | 16.9 | 12.1 | 12.3 | 12.1 | 13.3 | 12.1 | 12.5 | 12.4 | 10.0 | 10.9 | 9.6 | 12.1 | 8.0 | 10.2 | 7.2 | 16.3 | 7.6 | 8.0 | 1.7 | 1.5 | - | 0.4 | - | - |
| Selling General & Administrative | 136.4 | 130.7 | 108.6 | 103.0 | 85.0 | 69.0 | 57.9 | 58.8 | 51.6 | - | - | - | - | - | - | - | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | - | - | - | - | - | - | 57.9 | 58.8 | 51.6 | - | 30.3 | 20.3 | 15.1 | 14.6 | 12.0 | 10.4 | 7.9 | ||||||||||||
| Depreciation & Amortization | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.0 | 0.1 | 0.1 | |||||||||||||
| Amortization of Intangibles | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | - | - | - | - | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 168.2 | 159.6 | 133.2 | 124.8 | 104.6 | 90.8 | 73.3 | 74.1 | 65.3 | 57.5 | 42.8 | 32.8 | 27.5 | 25.1 | 22.9 | 20.5 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (6.1) | (8.0) | (14.5) | (22.2) | (26.3) | (24.4) | (25.2) | (33.3) | (37.7) | (44.5) | (40.9) | (32.8) | (25.0) | (15.1) | (22.9) | (5.2) | (19.5) | (14.4) | (15.7) | 7.3 | 10.7 | (11.5) | (10.1) | (3.3) | (2.1) | - | (0.6) | - | - |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | 3.7 | 4.0 | 4.1 | 4.2 | 3.5 | 3.6 | 4.1 | 4.1 | 3.1 | 3.0 | 2.8 | 2.2 | 2.3 | 2.1 | 1.1 | 0.3 | 0.0 | - | 0.0 | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 2.1 | 2.2 | 2.3 | 2.2 | 2.2 | 2.3 | 2.4 | 2.1 | 1.0 | 1.0 | 0.9 | 0.8 | 0.7 | 0.7 | 0.6 | 0.5 | 0.3 | - | |||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Non-Operating Income | 1.5 | 1.7 | 1.9 | 1.8 | 1.2 | 1.3 | 1.7 | 0.0 | 2.0 | 2.5 | 1.8 | 1.4 | 1.5 | 1.5 | 0.4 | (0.5) | (0.7) | ||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | 2.4 | - | - | - | 0.0 | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.1 | (0.3) | 0.0 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | - | 0.0 | - | - |
| Net Income From Continuing Ops | (7.0) | (8.4) | (12.6) | (20.3) | (25.1) | (23.1) | (23.4) | (33.3) | (35.7) | (41.9) | (39.1) | (31.4) | (23.4) | (13.6) | (22.5) | (5.7) | (20.2) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (7.0) | (8.4) | (12.6) | (20.3) | (25.1) | (23.1) | (23.4) | (33.3) | (35.7) | (41.9) | (39.1) | (31.4) | (23.4) | (13.6) | (22.5) | (5.7) | (20.2) | ||||||||||||
| Net Income Attributable To Parent | (7.0) | (8.4) | (12.6) | (20.3) | (25.1) | (23.1) | (23.4) | (33.3) | (35.7) | (41.9) | (39.1) | (31.4) | (23.4) | (13.6) | (22.5) | (5.7) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (7.0) | (8.4) | (12.6) | (20.3) | (25.1) | (23.1) | (23.4) | (33.3) | (35.7) | (41.9) | (39.1) | (31.4) | (23.4) | (13.6) | (22.5) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (0.16) | - | (0.30) | (0.48) | (0.64) | - | (0.61) | (0.88) | (1.01) | - | (1.28) | (1.17) | (0.88) | - | (0.84) | (0.24) | (0.98) | - | (0.76) | 0.31 | (0.51) | - | (3.71) | (1.23) | (0.74) | - | - | - | - |
| EPS Diluted | (0.16) | - | (0.30) | (0.48) | (0.64) | - | (0.61) | (0.88) | (1.01) | - | (1.28) | (1.17) | (0.88) | - | (0.84) | (0.24) | (0.98) | - | |||||||||||
| Shares Basic | 43.0 | - | 42.6 | 42.4 | 39.3 | - | 38.4 | 37.8 | 35.3 | - | 30.6 | 26.8 | 26.7 | - | 26.7 | 24.3 | 20.7 | - | |||||||||||
| Shares Diluted | 43.0 | - | 42.6 | 42.4 | 39.3 | - | 38.4 | 37.8 | 35.3 | - | 30.6 | 26.8 | 26.7 | - | 26.7 | 24.3 | 20.7 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (5.9) | (7.7) | (14.3) | (22.0) | (26.1) | (24.2) | (25.0) | (33.2) | (37.5) | (44.2) | (40.7) | (32.6) | (24.8) | (15.0) | (22.8) | (5.1) | (19.4) | (14.4) | (15.6) | 7.4 | 10.8 | (11.4) | (10.1) | (3.2) | (2.1) | - | (0.6) | - | - |
| EBIT | (6.1) | (8.0) | (14.5) | (22.2) | (26.3) | (24.4) | (25.2) | (33.3) | (37.7) | (44.5) | (40.9) | (32.8) | (25.0) | (15.1) | (22.9) | (5.2) | (19.5) | (14.4) | (15.7) | ||||||||||
| 44.9 |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | 44.9 | 25.4 | 8.2 | 1.1 | - |
| Depreciation & Amortization | 0.8 | 0.9 | 0.7 | 0.7 | 0.3 | 0.3 | 0.1 | 0.0 | - |
| Amortization of Intangibles | 1.0 | 1.0 | 0.5 | 0.1 | 0.0 | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 585.9 | 522.3 | 303.5 | 160.6 | 88.5 | 69.2 | 27.0 | 4.3 | - |
| 0.0 |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 7.0 | 6.6 | 5.0 | 7.3 | 0.6 | (1.6) | 0.2 | (0.4) | - |
| Pre-Tax Income | - | (64.4) | (115.6) | (135.9) | (62.1) | (13.8) | (26.8) | - | - |
| (62.1) |
| (13.8) |
| (26.8) |
| (4.7) |
| (1.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (48.3) | (66.4) | (115.6) | (135.9) | (62.1) | (13.8) | (26.8) | (4.7) | (1.3) |
| Net Income Attributable To Parent | (48.3) | (66.4) | (115.6) | (135.9) | (62.1) | (13.8) | (26.8) | (4.7) | (1.3) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (48.3) | (66.4) | (115.6) | (135.9) | (62.1) | (13.8) | (26.8) | (4.7) | (1.3) |
| (0.67) |
| (4.32) |
| - |
| - |
| Shares Basic | 43.0 | 41.8 | 37.6 | 29.4 | 24.6 | 20.6 | 6.2 | - | - |
| Shares Diluted | 43.0 | 41.8 | 37.6 | 29.4 | 24.6 | 20.6 | 6.2 | - | - |
| (12.2) |
| (27.0) |
| (4.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 6.8 |
| 6.7 |
| 6.8 |
| 5.2 |
| 3.9 |
| 2.2 |
| 1.5 |
| 0.6 |
| - |
| 0.2 |
| - |
| - |
| 0.1 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 20.1 |
| 14.8 |
| 16.9 |
| 14.7 |
| 22.7 |
| 11.5 |
| 10.1 |
| 3.3 |
| 2.1 |
| - |
| 0.6 |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.3) |
| (0.3) |
| (0.9) |
| (0.0) |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.2 |
| - |
| (0.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (14.9) |
| (15.7) |
| 6.3 |
| 10.4 |
| (11.5) |
| (10.1) |
| (3.3) |
| (2.0) |
| (1.4) |
| (0.7) |
| (0.8) |
| (1.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (14.9) |
| (15.7) |
| 6.3 |
| 10.4 |
| (11.5) |
| (10.1) |
| (3.3) |
| (2.0) |
| (1.4) |
| (0.7) |
| (0.8) |
| (1.7) |
| (20.2) |
| (14.9) |
| (15.7) |
| 6.3 |
| 10.4 |
| (11.5) |
| (10.1) |
| (3.3) |
| (2.0) |
| (1.4) |
| (0.7) |
| (0.8) |
| (1.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (5.7) |
| (20.2) |
| (14.7) |
| (15.7) |
| 6.3 |
| 10.3 |
| (11.5) |
| (10.1) |
| (3.3) |
| (2.0) |
| (1.4) |
| (0.7) |
| (0.8) |
| (1.7) |
| (0.76) |
| 0.29 |
| 0.47 |
| - |
| (3.71) |
| (1.23) |
| (0.74) |
| - |
| - |
| - |
| - |
| 20.6 |
| 20.6 |
| 20.3 |
| - |
| 2.7 |
| 2.7 |
| 2.7 |
| - |
| - |
| - |
| - |
| 20.6 |
| 22.0 |
| 21.8 |
| - |
| 2.7 |
| 2.7 |
| 2.7 |
| - |
| - |
| - |
| - |
| 7.3 |
| 10.7 |
| (11.5) |
| (10.1) |
| (3.3) |
| (2.1) |
| - |
| (0.6) |
| - |
| - |