| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||
| Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - |
| Operating Expenses | |||||||
| Research & Development | 260.0 | 215.3 | 126.2 | 78.2 | 69.0 | 22.5 | 45.2 |
| Selling General & Administrative | - | - | - | - | - | ||
| Operating Income | |||||||
| Operating Income | (383.4) | (315.5) | (167.2) | (102.0) | (90.9) | (34.4) | (52.2) |
| Non-Operating | |||||||
| Interest Income | 23.9 | 24.5 | 20.7 | 8.0 | 1.8 | 0.0 | 0.0 |
| Interest Expense | 7.6 | 7.5 | 7.6 | 3.8 | 1.0 | 0.0 | 0.2 |
| Tax & Net | |||||||
| Income Tax Expense | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) |
| Net Income From Continuing Ops | (369.0) | (299.6) | (152.1) | (96.0) | (89.1) | (32.6) | |
| Per Share | |||||||
| EPS Basic | (5.16) | (4.66) | (2.75) | (2.25) | (3.35) | (2.43) | - |
| EPS Diluted | (5.16) | (4.66) | (2.75) | (2.25) | (3.35) | (2.43) | - |
| Supplementary Data | |||||||
| EBITDA | - | (315.0) | (167.1) | (102.0) | - | - | - |
| EBIT | (383.4) | (315.5) | (167.2) | (102.0) | (90.9) | (34.4) | (52.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 86.0 | 59.3 | 56.5 | 58.2 | 41.3 | 33.3 | 40.3 | 29.3 | 23.2 | 20.8 | 16.1 | 16.2 | 25.1 | 26.7 | 19.7 | 10.1 | 12.5 | 12.8 | 3.6 | 3.2 | 2.9 | 39.8 | 2.0 | 2.0 | 1.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| General & Administrative | 39.1 | 34.9 | 27.5 | 21.9 | 15.9 | 15.6 | 9.5 | 8.0 | 7.9 | 6.2 | 5.7 | 5.7 | 6.2 | 6.9 | 5.6 | 4.9 | 4.5 | ||||||||
| Depreciation & Amortization | 0.1 | - | - | - | 0.1 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | ||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 125.1 | 94.2 | 83.9 | 80.1 | 57.2 | 48.9 | 49.8 | 37.3 | 31.1 | 27.0 | 21.8 | 22.0 | 31.3 | 33.6 | 25.2 | 15.1 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (125.1) | (94.2) | (83.9) | (80.1) | (57.2) | (48.9) | (49.8) | (37.3) | (31.1) | (27.0) | (21.8) | (22.0) | (31.3) | (33.6) | (25.2) | (15.1) | (17.0) | (16.6) | (7.3) | (5.8) | (4.7) | (42.6) | (4.0) | (3.2) | (2.5) |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | 6.4 | 5.5 | 5.7 | 6.3 | 6.9 | 6.7 | 4.8 | 5.1 | 4.2 | 2.0 | 2.2 | 2.2 | 1.6 | 0.9 | 0.6 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | 0.0 | 0.0 |
| Interest Expense | 1.8 | 1.9 | 2.0 | 1.9 | 1.8 | 1.9 | 1.9 | 1.9 | 1.9 | 1.1 | 0.9 | 0.9 | 0.9 | 0.6 | 0.1 | 0.1 | 0.1 | 0.0 | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | 4.1 | 3.1 | 3.6 | 3.6 | 5.5 | 5.5 | 3.2 | 3.6 | 2.7 | 1.4 | 1.7 | 1.8 | 1.2 | 1.1 | 0.6 | 0.2 | (0.1) | ||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (121.0) | (91.1) | (80.3) | (76.5) | (51.7) | (43.4) | (46.6) | (33.7) | (28.4) | (25.7) | (20.1) | (20.2) | (30.1) | (32.4) | (24.7) | (14.9) | (17.1) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (121.0) | (91.1) | (80.3) | (76.5) | (51.7) | (43.4) | (46.6) | (33.7) | (28.4) | (25.7) | (20.1) | (20.2) | (30.1) | (32.4) | (24.7) | (14.9) | (17.1) | ||||||||
| Net Income Attributable To Parent | (121.0) | (91.1) | (80.3) | (76.5) | (51.7) | (43.4) | (46.6) | (33.7) | (28.4) | (25.7) | (20.1) | (20.2) | (30.1) | (32.4) | (24.7) | (14.9) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (121.0) | (91.1) | (80.3) | (76.5) | (51.7) | (43.4) | (46.6) | (33.7) | (28.4) | (25.7) | (20.1) | (20.2) | (30.1) | (32.4) | (24.7) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (1.69) | - | (1.26) | (1.20) | (0.81) | - | (0.85) | (0.62) | (0.56) | - | (0.45) | (0.46) | (0.80) | - | (0.91) | (0.55) | (0.71) | - | (0.36) | (0.33) | - | - | - | - | - |
| EPS Diluted | (1.69) | - | (1.26) | (1.20) | (0.81) | - | (0.85) | (0.62) | (0.56) | - | (0.45) | (0.46) | (0.80) | - | (0.91) | (0.55) | (0.71) | - | |||||||
| Shares Basic | 71.5 | - | 63.8 | 63.8 | 63.7 | - | 54.9 | 54.7 | 51.0 | - | 44.4 | 44.3 | 37.7 | - | 27.2 | 27.1 | 24.2 | - | |||||||
| Shares Diluted | 71.5 | - | 63.8 | 63.8 | 63.7 | - | 54.9 | 54.7 | 51.0 | - | 44.4 | 44.3 | 37.7 | - | 27.2 | 27.1 | 24.2 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (125.0) | - | - | - | (57.1) | - | - | - | (31.1) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | (125.1) | (94.2) | (83.9) | (80.1) | (57.2) | (48.9) | (49.8) | (37.3) | (31.1) | (27.0) | (21.8) | (22.0) | (31.3) | (33.6) | (25.2) | (15.1) | (17.0) | (16.6) | (7.3) | ||||||
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - |
| General & Administrative | 123.4 | 100.2 | 41.0 | 23.8 | 21.9 | 11.9 | 4.0 |
| Depreciation & Amortization | - | 0.5 | 0.1 | 0.0 | - | - | - |
| Amortization of Intangibles | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 383.4 | 315.5 | 167.2 | 102.0 | 90.9 | 34.4 | 52.2 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | 14.5 | 15.9 | 15.0 | 6.0 | 1.8 | 1.8 | (1.2) |
| Pre-Tax Income | - | (299.6) | (152.1) | (96.0) | (89.1) | (32.6) | (53.4) |
| (53.4) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (369.0) | (299.6) | (152.1) | (96.0) | (89.1) | (32.6) | (53.4) |
| Net Income Attributable To Parent | (369.0) | (299.6) | (152.1) | (96.0) | (89.1) | (32.6) | (53.4) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (369.0) | (299.6) | (152.1) | (96.0) | (89.1) | (32.6) | (53.4) |
| Shares Basic | 71.5 | 64.2 | 55.3 | 42.7 | 26.6 | 13.4 | - |
| Shares Diluted | 71.5 | 64.2 | 55.3 | 42.7 | 26.6 | 13.4 | - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.8 |
| 3.7 |
| 2.6 |
| 1.8 |
| 1.1 |
| 0.7 |
| 1.2 |
| 1.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 17.0 |
| 16.6 |
| 7.3 |
| 5.8 |
| 4.7 |
| 42.6 |
| 4.0 |
| 3.2 |
| 2.5 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.3) |
| (0.4) |
| 2.4 |
| 0.0 |
| (0.3) |
| (0.4) |
| (0.4) |
| (0.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (16.8) |
| (7.6) |
| (3.4) |
| (4.7) |
| (42.9) |
| (4.5) |
| (3.6) |
| (2.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (16.8) |
| (7.6) |
| (3.4) |
| (4.7) |
| (42.9) |
| (4.5) |
| (3.6) |
| (2.5) |
| (17.1) |
| (16.8) |
| (7.6) |
| (3.4) |
| (4.7) |
| (42.9) |
| (4.5) |
| (3.6) |
| (2.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (14.9) |
| (17.1) |
| (16.8) |
| (7.6) |
| (3.4) |
| (4.7) |
| (42.9) |
| (4.5) |
| (3.6) |
| (2.5) |
| (0.36) |
| (0.33) |
| - |
| - |
| - |
| - |
| - |
| 21.3 |
| 10.5 |
| - |
| - |
| - |
| - |
| - |
| 21.3 |
| 10.5 |
| - |
| - |
| - |
| - |
| - |
| (5.8) |
| (4.7) |
| (42.6) |
| (4.0) |
| (3.2) |
| (2.5) |