| (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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 71.3 | 63.5 | 41.4 | 37.0 | 72.2 | 83.1 | 87.2 | 55.0 | 35.1 | 15.2 |
| Selling General & Administrative | - | - | - | |||||||
| Operating Income | ||||||||||
| Operating Income | (93.0) | (84.0) | (58.0) | (44.6) | (105.4) | (118.8) | (120.2) | (75.8) | (46.2) | (18.4) |
| Non-Operating | ||||||||||
| Interest Income | 11.0 | 11.3 | 4.3 | 0.6 | - | - | 0.7 | 2.9 | 1.7 | 0.1 |
| Interest Expense | 0.1 | 0.1 | 0.1 | 0.2 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | - | 1.2 | 0.0 | 0.0 | 0.0 | - | - | - | - | - |
| Net Income From Continuing Ops | (83.5) | (74.2) | (58.0) | |||||||
| Per Share | ||||||||||
| EPS Basic | (4.45) | (4.05) | (6.83) | (33.76) | (2.42) | (2.78) | - | - | - | - |
| EPS Diluted | (4.45) | (4.05) | (6.83) | (33.76) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | - | (82.7) | (56.4) | (43.2) | (104.0) | (117.4) | (119.0) | (75.0) | (45.9) | (18.3) |
| EBIT | (93.0) | (84.0) | (58.0) | (44.6) | ||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||
| Research & Development | 20.9 | 16.3 | 16.9 | 17.2 | 13.0 | 9.2 | 14.3 | 7.1 | 10.8 | 2.7 | 8.1 | 8.8 | 17.3 | 18.1 | 15.9 | 18.9 | 19.3 | 19.0 | 23.0 | 22.5 | 18.5 | 19.6 | 28.5 | 20.9 | 18.3 | 17.2 | 13.0 | 12.3 | 12.4 | 12.8 | 9.2 | 7.4 | 5.6 | 5.4 | 1.9 |
| Selling General & Administrative | - | - | - | - | - | - | - | 9.9 | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| General & Administrative | 6.4 | 5.2 | 5.0 | 5.1 | 5.3 | 4.8 | 5.3 | 4.3 | 2.2 | (4.1) | 2.0 | 1.9 | 7.9 | 7.1 | 7.1 | 8.9 | 10.2 | ||||||||||||||||||
| Depreciation & Amortization | 0.3 | - | - | - | 0.4 | 0.7 | 0.3 | 0.3 | 0.4 | 0.6 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | |||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Total Operating Expenses | 27.3 | 21.5 | 21.9 | 22.3 | 18.3 | 14.0 | 19.6 | 11.4 | 13.0 | (1.3) | 10.1 | 10.6 | 25.2 | 25.3 | 23.0 | 27.8 | |||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||
| Operating Income | (27.3) | (21.5) | (21.9) | (22.3) | (18.3) | (14.0) | (19.6) | (11.4) | (13.0) | 1.3 | (10.1) | (10.6) | (25.2) | (25.3) | (23.0) | (27.8) | (29.4) | (28.0) | (32.6) | (31.4) | (26.9) | (28.1) | (36.7) | (28.9) | (26.6) | (23.4) | (18.1) | (16.6) | (17.7) | (16.7) | (12.2) | (9.5) | (7.8) | (6.4) | (2.5) |
| Non-Operating | |||||||||||||||||||||||||||||||||||
| Interest Income | 2.2 | 2.6 | 2.9 | 3.4 | 2.4 | 1.7 | 2.0 | 0.3 | 0.3 | - | 0.1 | 0.2 | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.6 | 0.8 | 0.9 | 0.6 | 0.7 | 0.7 | 0.6 | 0.2 | 0.2 | 0.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.5) | 0.0 | 0.0 | 0.6 | 0.7 | 0.5 | 0.3 | 0.3 | - | |||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Other Non-Operating Income | 2.1 | 2.5 | 2.9 | 3.3 | 2.4 | 1.6 | 1.9 | (1.3) | (2.3) | 1.3 | 0.1 | 0.2 | 0.3 | 0.2 | 0.0 | (0.3) | (0.4) | ||||||||||||||||||
| Pre-Tax Income | - | - | (19.0) | (19.0) | - | - | (17.7) | (12.7) | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | 0.0 | 1.0 | - | - | 0.0 | 0.0 | - | - | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (25.2) | (19.2) | (19.0) | (20.0) | (15.9) | (12.4) | (17.7) | (12.7) | (15.2) | 2.6 | (10.1) | (10.5) | (25.0) | (25.0) | (23.0) | (28.1) | (29.8) | ||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income | (25.2) | (19.2) | (19.0) | (20.0) | (15.9) | (12.4) | (17.7) | (12.7) | (15.2) | 2.6 | (10.1) | (10.5) | (25.0) | (25.0) | (23.0) | (28.1) | (29.8) | ||||||||||||||||||
| Net Income Attributable To Parent | (25.2) | (19.2) | (19.0) | (20.0) | (15.9) | (12.4) | (17.7) | (12.7) | (15.2) | (7.9) | (10.1) | (10.5) | (14.4) | (25.0) | (23.0) | (28.1) | |||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income To Common Shareholders | (25.2) | (19.2) | (19.0) | (20.0) | (15.9) | (12.4) | (17.7) | (12.7) | (15.2) | (7.9) | (10.1) | (10.5) | (14.4) | (25.0) | (23.0) | ||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||
| EPS Basic | (1.34) | - | (1.02) | (1.07) | (0.93) | - | (1.20) | (4.34) | (10.97) | - | (7.62) | (8.51) | (0.57) | - | (0.52) | (0.64) | (0.68) | - | (0.75) | (0.74) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (1.34) | - | (1.02) | (1.07) | (0.93) | - | (1.20) | (4.34) | (10.97) | - | (7.62) | (8.51) | (0.57) | - | (0.52) | (0.64) | (0.68) | - | |||||||||||||||||
| Shares Basic | 18.8 | - | 18.7 | 18.7 | 17.2 | - | 14.7 | 2.9 | 1.4 | - | 1.3 | 1.2 | 44.0 | - | 43.8 | 43.7 | 0.0 | - | |||||||||||||||||
| Shares Diluted | 18.8 | - | 18.7 | 18.7 | 17.2 | - | 14.7 | 2.9 | 1.4 | - | 1.3 | 1.2 | 44.0 | - | 43.8 | 43.7 | 0.0 | - | |||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||
| EBITDA | (27.0) | - | - | - | (17.9) | (13.3) | (19.4) | (11.2) | (12.6) | 1.9 | (9.9) | (10.3) | (24.9) | (24.9) | (22.6) | (27.4) | (29.0) | (27.5) | (32.2) | (31.1) | (26.6) | (27.7) | (36.4) | (28.6) | (26.3) | (23.2) | (17.8) | (16.4) | (17.5) | (16.5) | (12.1) | (9.5) | (7.8) | (6.4) | (2.5) |
| EBIT | (27.3) | (21.5) | (21.9) | (22.3) | (18.3) | (14.0) | (19.6) | (11.4) | (13.0) | 1.3 | (10.1) | (10.6) | (25.2) | (25.3) | (23.0) | (27.8) | (29.4) | (28.0) | (32.6) | ||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 21.7 | 20.5 | 16.7 | 7.7 | 33.2 | 35.7 | 33.0 | 20.8 | 11.1 | 3.2 |
| Depreciation & Amortization | - | 1.4 | 1.6 | 1.5 | 1.4 | 1.4 | 1.2 | 0.9 | 0.4 | 0.0 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 93.0 | 84.0 | 58.0 | 44.6 | 105.4 | 118.8 | 120.2 | 75.8 | 46.2 | 18.4 |
| 1.8 |
| 0.2 |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 10.8 | 11.1 | 0.0 | 1.8 | (0.5) | (0.3) | 0.5 | 2.8 | (0.1) | (0.3) |
| Pre-Tax Income | - | (72.9) | (58.0) | - | - | - | - | - | - | - |
| (42.8) |
| (105.9) |
| (119.1) |
| (119.7) |
| (73.0) |
| (46.4) |
| (18.6) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (83.5) | (74.2) | (58.0) | (42.8) | (105.9) | (119.1) | (119.7) | (73.0) | (46.4) | (18.6) |
| Net Income Attributable To Parent | (83.5) | (74.2) | (58.0) | (42.8) | (105.9) | (119.1) | (119.7) | (73.0) | (46.4) | (18.6) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (83.5) | (74.2) | (58.0) | (42.8) | (105.9) | (119.1) | (119.7) | (73.0) | (46.4) | (18.6) |
| (2.42) |
| (2.78) |
| - |
| - |
| - |
| - |
| Shares Basic | 18.8 | 18.3 | 8.5 | 1.3 | 43.7 | 0.0 | - | - | - | - |
| Shares Diluted | 18.8 | 18.3 | 8.5 | 1.3 | 43.7 | 0.0 | - | - | - | - |
| (105.4) |
| (118.8) |
| (120.2) |
| (75.8) |
| (46.2) |
| (18.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 9.0 |
| 9.6 |
| 8.8 |
| 8.4 |
| 8.5 |
| 8.2 |
| 8.0 |
| 8.3 |
| 6.2 |
| 5.0 |
| 4.3 |
| 5.3 |
| 3.9 |
| 3.0 |
| 2.1 |
| 2.1 |
| 1.0 |
| 0.7 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 29.4 |
| 28.0 |
| 32.6 |
| 31.4 |
| 26.9 |
| 28.1 |
| 36.7 |
| 28.9 |
| 26.6 |
| 23.4 |
| 18.1 |
| 16.6 |
| 17.7 |
| 16.7 |
| 12.2 |
| 9.5 |
| 7.8 |
| 6.4 |
| 2.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.3) |
| 0.0 |
| (0.0) |
| (0.0) |
| (0.1) |
| (0.1) |
| 0.0 |
| 0.6 |
| 0.8 |
| 0.9 |
| 0.6 |
| 0.6 |
| 0.7 |
| 0.6 |
| (1.0) |
| (0.5) |
| (0.1) |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.2) |
| (32.6) |
| (31.4) |
| (26.9) |
| (28.1) |
| (36.8) |
| (28.8) |
| (26.0) |
| (22.7) |
| (17.1) |
| (16.1) |
| (17.1) |
| (16.0) |
| (11.6) |
| (10.5) |
| (8.2) |
| (6.4) |
| (2.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.2) |
| (32.6) |
| (31.4) |
| (26.9) |
| (28.1) |
| (36.8) |
| (28.8) |
| (26.0) |
| (22.7) |
| (17.1) |
| (16.1) |
| (17.1) |
| (16.0) |
| (11.6) |
| (10.5) |
| (8.2) |
| (6.4) |
| (2.5) |
| (29.8) |
| (28.2) |
| (32.6) |
| (31.4) |
| (26.9) |
| (28.1) |
| (36.8) |
| (28.8) |
| (26.0) |
| (22.7) |
| (17.1) |
| (16.1) |
| (17.1) |
| (16.0) |
| (11.6) |
| (10.5) |
| (8.2) |
| (6.4) |
| (2.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.1) |
| (29.8) |
| (28.2) |
| (32.6) |
| (31.4) |
| (26.9) |
| (28.1) |
| (36.8) |
| (28.8) |
| (26.0) |
| (22.7) |
| (17.1) |
| (16.1) |
| (17.1) |
| (16.0) |
| (11.6) |
| (10.5) |
| (8.2) |
| (6.4) |
| (2.5) |
| (0.75) |
| (0.74) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (31.4) |
| (26.9) |
| (28.1) |
| (36.7) |
| (28.9) |
| (26.6) |
| (23.4) |
| (18.1) |
| (16.6) |
| (17.7) |
| (16.7) |
| (12.2) |
| (9.5) |
| (7.8) |
| (6.4) |
| (2.5) |