| (in millions of USD, except per-share data) | Q2 FY 26 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||
| Revenues | 110.7 | 103.7 | 99.0 | 96.1 | 92.8 | 88.7 | 84.7 | 81.5 | 75.3 | 71.5 | 66.9 | 63.7 | 60.2 | 54.2 | 57.3 | 56.1 | ||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 409.5 | 376.6 | 313.0 | 245.1 | 203.6 | 132.3 | 90.1 | 54.4 | 25.4 | 10.8 |
| Cost of Revenue | 196.3 | 185.6 | 179.6 | 155.4 | 119.3 | 80.6 | 61.4 | 47.4 | 32.2 | 24.0 |
| Gross Profit | 213.2 | 191.0 | 133.3 | 89.7 | 84.2 | 51.7 | 28.7 | 7.0 | (6.8) | (13.3) |
| Operating Expenses | ||||||||||
| Research & Development | 71.9 | 80.3 | 90.9 | 106.9 | 120.3 | 69.1 | 43.0 | 35.7 | 20.3 | 19.2 |
| Selling General & Administrative | 273.0 | 247.0 | 218.4 | |||||||
| Operating Income | ||||||||||
| Operating Income | (138.8) | (136.3) | (220.8) | (217.2) | (234.8) | (152.7) | (140.1) | (108.9) | (70.6) | (58.5) |
| Non-Operating | ||||||||||
| Interest Income | 9.2 | 11.4 | 15.3 | 14.4 | 3.1 | 0.4 | 1.5 | 3.0 | 1.0 | 0.4 |
| Interest Expense | - | - | 0.0 | 0.0 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | 0.7 | 0.7 | 0.6 | 1.2 | (10.4) | (1.9) | 0.4 | 0.3 | 0.2 | 0.3 |
| Net Income From Continuing Ops | (81.3) | (77.7) | (208.7) | |||||||
| Per Share | ||||||||||
| EPS Basic | (1.32) | (1.30) | (3.60) | (3.60) | (4.04) | (3.15) | (3.57) | - | - | - |
| EPS Diluted | (1.32) | (1.30) | (3.60) | (3.60) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (114.2) | (111.4) | (189.4) | (187.8) | (218.3) | (143.0) | (133.4) | (102.7) | (64.8) | (53.5) |
| EBIT | (138.8) | (136.3) | (220.8) | (217.2) | ||||||
| 48.1 |
| 42.0 |
| 38.0 |
| 35.0 |
| 31.2 |
| 28.2 |
| 32.4 |
| 21.2 |
| 19.3 |
| 17.2 |
| 15.7 |
| 13.6 |
| 13.6 |
| 11.5 |
| 8.4 |
| 6.5 |
| 6.2 |
| 4.3 |
| Cost of Revenue | 53.6 | 49.7 | 48.2 | 44.8 | 46.8 | 45.9 | 46.5 | 46.2 | 44.4 | 42.5 | 42.4 | 41.8 | 41.7 | 29.4 | 31.6 | 31.0 | 29.7 | 27.1 | 22.5 | 20.9 | 19.0 | 18.2 | 17.6 | 16.5 | 13.6 | 13.8 | 12.4 | 11.4 | 11.8 | 11.9 | 9.1 | 7.5 | 8.1 | 7.5 |
| Gross Profit | 57.1 | 54.0 | 50.8 | 51.3 | 46.0 | 42.8 | 38.2 | 35.3 | 30.9 | 29.0 | 24.5 | 21.9 | 18.5 | 24.8 | 25.7 | 25.1 | 18.4 | 15.0 | 15.5 | 14.1 | 12.2 | 10.0 | 14.9 | 4.7 | 5.7 | 3.4 | 3.4 | 2.2 | 1.8 | (0.4) | (0.7) | (1.0) | (1.9) | (3.2) |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Research & Development | 19.7 | 17.1 | 17.0 | 18.0 | 23.9 | 21.3 | 21.1 | 22.5 | 24.1 | 23.1 | 23.7 | 24.5 | 27.4 | 31.2 | 29.6 | 36.8 | 31.2 | 22.6 | 19.4 | 19.8 | 15.8 | 14.0 | 11.6 | 10.4 | 10.6 | 10.3 | 10.5 | 9.0 | 8.9 | 7.3 | 6.1 | 5.3 | 4.7 | 4.3 |
| Selling General & Administrative | 76.1 | 69.7 | 63.8 | 63.4 | 63.7 | 56.2 | 53.1 | 56.8 | 55.6 | 52.8 | 47.4 | 46.1 | 54.0 | 42.3 | 54.2 | 53.7 | ||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Depreciation & Amortization | 6.1 | 6.2 | 6.6 | 5.8 | 6.1 | 6.4 | 9.3 | 7.0 | 7.0 | 8.2 | 11.4 | 6.9 | 5.7 | 5.3 | - | - | ||||||||||||||||||
| Amortization of Intangibles | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.4 | 1.3 | 1.4 | 1.4 | |||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Total Operating Expenses | 156.6 | 136.6 | 128.9 | 126.2 | 134.4 | 123.4 | 120.8 | 170.4 | 124.2 | 118.5 | 117.1 | 124.5 | 121.8 | 98.9 | 114.2 | 117.3 | ||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (45.9) | (32.9) | (29.9) | (30.1) | (41.6) | (34.6) | (36.0) | (88.9) | (48.9) | (47.0) | (50.1) | (60.8) | (61.6) | (44.6) | (56.9) | (61.2) | (60.8) | (55.9) | (39.8) | (42.1) | (38.0) | (32.8) | (24.0) | (28.2) | (32.1) | (55.8) | (31.6) | (28.1) | (26.3) | (22.9) | (19.7) | (17.5) | (16.6) | (16.8) |
| Non-Operating | ||||||||||||||||||||||||||||||||||
| Interest Income | 1.7 | 2.2 | 2.6 | 2.7 | 2.8 | 3.2 | 3.6 | 3.7 | 3.9 | 4.1 | 3.9 | 4.0 | 3.5 | 3.0 | 1.9 | 0.7 | 0.3 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.6 | 0.6 | 0.8 | 0.8 | 0.8 | 0.7 | 0.4 | 0.3 | 0.1 | 0.2 |
| Interest Expense | - | - | - | - | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Other Non-Operating Income | 0.2 | 0.5 | 0.4 | (0.8) | (0.4) | (0.1) | (2.3) | (0.1) | (0.2) | (0.0) | (0.3) | 0.0 | (0.3) | (0.2) | (0.5) | (0.2) | (0.2) | |||||||||||||||||
| Pre-Tax Income | (44.0) | (30.3) | (26.9) | 20.6 | (39.2) | (31.5) | (34.8) | (85.4) | (45.1) | (42.9) | (46.5) | (56.8) | (58.5) | (41.7) | (50.8) | (60.7) | ||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | (0.1) | 0.2 | 0.3 | 0.1 | (0.2) | 0.6 | 0.7 | 0.1 | 0.3 | (0.1) | (0.1) | (10.4) | 0.3 | (2.4) | 0.1 | 0.0 | 0.3 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 |
| Net Income From Continuing Ops | (44.0) | (30.5) | (27.1) | 20.4 | (39.3) | (31.6) | (34.7) | (85.6) | (45.5) | (43.0) | (46.2) | (57.4) | (59.2) | (41.8) | (51.1) | (60.5) | (60.7) | |||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income | (44.0) | (30.5) | (27.1) | 20.4 | (39.3) | (31.6) | (34.7) | (85.6) | (45.5) | (43.0) | (46.2) | (57.4) | (59.2) | (41.8) | (51.1) | (60.5) | (60.7) | |||||||||||||||||
| Net Income Attributable To Parent | (44.0) | (30.5) | (27.1) | 20.4 | (39.3) | (31.6) | (34.7) | (85.6) | (45.5) | (43.0) | (46.2) | (57.4) | (59.2) | (41.8) | (51.1) | (60.5) | ||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||
| Net Income To Common Shareholders | (44.0) | (30.5) | (27.1) | 20.4 | (39.3) | (31.6) | (34.7) | (85.6) | (45.5) | (43.0) | (46.2) | (57.4) | (59.2) | (41.8) | (51.1) | |||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||
| EPS Basic | (0.71) | (0.50) | - | 0.34 | (0.66) | (0.53) | - | (1.47) | (0.79) | (0.75) | - | (1.01) | (1.04) | (0.74) | - | (1.08) | (1.13) | (0.91) | - | (0.82) | (0.78) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.71) | (0.50) | - | 0.33 | (0.66) | (0.53) | - | (1.47) | (0.79) | (0.75) | - | (1.01) | (1.04) | (0.74) | - | (1.08) | (1.13) | (0.91) | ||||||||||||||||
| Shares Basic | 61.7 | 61.1 | - | 60.0 | 59.6 | 59.2 | - | 58.1 | 57.8 | 57.5 | - | 57.0 | 56.8 | 56.4 | - | 56.3 | 53.5 | 49.9 | ||||||||||||||||
| Shares Diluted | 61.7 | 61.1 | - | 61.2 | 59.6 | 59.2 | - | 58.1 | 57.8 | 57.5 | - | 57.0 | 56.8 | 56.4 | - | 56.3 | 53.5 | 49.9 | ||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||
| EBITDA | (39.8) | (26.7) | (23.4) | (24.3) | (35.5) | (28.3) | (26.8) | (81.9) | (41.9) | (38.8) | (38.7) | (53.9) | (55.9) | (39.3) | - | - | - | (52.8) | - | - | - | (30.7) | - | - | - | (54.3) | - | - | - | (21.4) | - | - | - | (15.5) |
| EBIT | (45.9) | (32.9) | (29.9) | (30.1) | (41.6) | (34.6) | (36.0) | (88.9) | (48.9) | (47.0) | (50.1) | (60.8) | (61.6) | (44.6) | (56.9) | (61.2) | (60.8) | (55.9) | (39.8) | |||||||||||||||
| 189.7 |
| 212.9 |
| 135.9 |
| 103.3 |
| 80.1 |
| 43.5 |
| 26.1 |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | 24.7 | 24.9 | 31.4 | 29.3 | 16.5 | 9.8 | 6.7 | 6.1 | 5.7 | 5.0 |
| Amortization of Intangibles | 1.1 | 1.1 | 4.1 | 5.3 | 4.9 | 0.5 | 0.2 | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 548.3 | 512.8 | 533.8 | 462.3 | 438.3 | 285.1 | 230.2 | 163.2 | 96.0 | 69.2 |
| 0.1 |
| 0.4 |
| 0.8 |
| 1.3 |
| 1.3 |
| 0.9 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 0.2 | (0.9) | (2.7) | (0.7) | (1.1) | (1.4) | (0.2) | (0.3) | (0.1) | (0.1) |
| Pre-Tax Income | (80.5) | (77.0) | (208.2) | (203.5) | (228.3) | (154.0) | (139.5) | (107.4) | (71.0) | (59.0) |
| (204.6) |
| (217.9) |
| (152.1) |
| (139.9) |
| (107.7) |
| (71.2) |
| (59.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (81.3) | (77.7) | (208.7) | (204.6) | (217.9) | (152.1) | (139.9) | (107.7) | (71.2) | (59.3) |
| Net Income Attributable To Parent | (81.3) | (77.7) | (208.7) | (204.6) | (217.9) | (152.1) | (139.9) | (107.7) | (71.2) | (59.3) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (81.3) | (77.7) | (208.7) | (204.6) | (217.9) | (152.1) | (139.9) | (107.7) | (71.2) | (59.3) |
| (4.04) |
| (3.15) |
| (3.57) |
| - |
| - |
| - |
| Shares Basic | 61.7 | 59.8 | 58.0 | 56.9 | 53.9 | 48.3 | 39.2 | - | - | - |
| Shares Diluted | 61.7 | 59.8 | 58.0 | 56.9 | 53.9 | 48.3 | 39.2 | - | - | - |
| (234.8) |
| (152.7) |
| (140.1) |
| (108.9) |
| (70.6) |
| (58.5) |
| 54.0 |
| 51.1 |
| 38.2 |
| 34.5 |
| 34.4 |
| 28.8 |
| 27.2 |
| 22.5 |
| 27.2 |
| 26.4 |
| 24.4 |
| 21.3 |
| 19.1 |
| 15.3 |
| 13.0 |
| 11.3 |
| 10.0 |
| 9.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.2 |
| - |
| - |
| - |
| 2.1 |
| - |
| - |
| - |
| 1.5 |
| - |
| - |
| - |
| 1.5 |
| - |
| - |
| - |
| 1.3 |
| 0.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 108.9 |
| 98.0 |
| 77.8 |
| 77.1 |
| 69.2 |
| 61.0 |
| 56.4 |
| 49.4 |
| 51.4 |
| 73.0 |
| 47.3 |
| 41.7 |
| 39.8 |
| 34.4 |
| 28.1 |
| 24.0 |
| 22.8 |
| 21.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.4 |
| 0.3 |
| 0.3 |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.2) |
| (1.1) |
| (0.3) |
| 0.1 |
| (0.1) |
| (0.1) |
| (0.1) |
| 0.0 |
| (0.1) |
| (0.0) |
| (0.2) |
| (0.0) |
| (0.0) |
| (0.0) |
| (0.0) |
| (0.0) |
| (0.0) |
| (60.8) |
| (56.0) |
| (40.9) |
| (42.4) |
| (37.9) |
| (32.9) |
| (24.1) |
| (28.2) |
| (31.7) |
| (55.6) |
| (31.1) |
| (27.9) |
| (25.8) |
| (22.6) |
| (19.7) |
| (17.6) |
| (16.8) |
| (16.9) |
| (45.6) |
| (41.2) |
| (40.0) |
| (37.9) |
| (32.9) |
| (24.3) |
| (28.2) |
| (31.8) |
| (55.6) |
| (31.2) |
| (27.9) |
| (25.9) |
| (22.6) |
| (19.8) |
| (17.6) |
| (16.9) |
| (16.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (45.6) |
| (41.2) |
| (40.0) |
| (37.9) |
| (32.9) |
| (24.3) |
| (28.2) |
| (31.8) |
| (55.6) |
| (31.2) |
| (27.9) |
| (25.9) |
| (22.6) |
| (19.8) |
| (17.6) |
| (16.9) |
| (16.9) |
| (60.7) |
| (45.6) |
| (41.2) |
| (40.0) |
| (37.9) |
| (32.9) |
| (24.3) |
| (28.2) |
| (31.8) |
| (55.6) |
| (31.2) |
| (27.9) |
| (25.9) |
| (22.6) |
| (19.8) |
| (17.6) |
| (16.9) |
| (16.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (60.5) |
| (60.7) |
| (45.6) |
| (41.2) |
| (40.0) |
| (37.9) |
| (32.9) |
| (24.3) |
| (28.2) |
| (31.8) |
| (55.6) |
| (31.2) |
| (27.9) |
| (25.9) |
| (22.6) |
| (19.8) |
| (17.6) |
| (16.9) |
| (16.9) |
| - |
| (0.82) |
| (0.78) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 49.0 |
| 48.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 49.0 |
| 48.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (42.1) |
| (38.0) |
| (32.8) |
| (24.0) |
| (28.2) |
| (32.1) |
| (55.8) |
| (31.6) |
| (28.1) |
| (26.3) |
| (22.9) |
| (19.7) |
| (17.5) |
| (16.6) |
| (16.8) |