| (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 | Q3 FY 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||
| Revenues | 13.8 | 9.4 | 13.6 | 13.6 | 9.3 | 12.6 | 8.2 | 10.3 | 9.8 | 2.5 | 23.2 | 25.1 | 26.7 | 27.7 | 19.1 | 19.6 | ||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 50.5 | 46.0 | 41.0 | 77.4 | 78.7 | 27.4 | 19.0 |
| Cost of Revenue | 56.2 | 53.4 | 43.1 | 103.7 | 77.9 | 22.5 | 12.6 |
| Gross Profit | (5.7) | (7.4) | (2.1) | (26.3) | 0.8 | 5.0 | 6.4 |
| Operating Expenses | |||||||
| Research & Development | 11.3 | 10.7 | 15.5 | 42.0 | 46.3 | 27.0 | 14.2 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (50.3) | (54.9) | (78.8) | (133.3) | (106.3) | (57.8) | (21.2) |
| Non-Operating | |||||||
| Interest Income | - | - | - | - | - | - | - |
| Interest Expense | 4.0 | 4.4 | 16.0 | 9.7 | 0.4 | 2.7 | 0.6 |
| Tax & Net | |||||||
| Income Tax Expense | 0.1 | 0.1 | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (53.3) | (71.4) | (69.7) | (135.1) | 8.0 | (107.1) | |
| Per Share | |||||||
| EPS Basic | (2.13) | (4.33) | (82.32) | (23.97) | 0.04 | (1.82) | (0.56) |
| EPS Diluted | (2.13) | (4.33) | (82.32) | (23.97) | 0.04 | (1.82) | (0.56) |
| Supplementary Data | |||||||
| EBITDA | (47.2) | (51.5) | (74.0) | (123.9) | (101.0) | (54.8) | (20.0) |
| EBIT | (50.3) | (54.9) | (78.8) | (133.3) | (106.3) | (57.8) | (21.2) |
| 12.2 |
| 10.4 |
| 8.7 |
| 7.1 |
| 1.2 |
| 2.3 |
| Cost of Revenue | 11.4 | 16.4 | 13.2 | 15.2 | 8.6 | 13.1 | 4.2 | 13.2 | 12.6 | 34.0 | 23.0 | 22.6 | 24.2 | 28.0 | 19.2 | 18.4 | 12.2 | 8.7 | 7.2 | 5.0 | 1.6 | 1.8 |
| Gross Profit | 2.4 | (6.9) | 0.4 | (1.6) | 0.7 | (0.4) | 4.1 | (2.9) | (2.8) | (31.5) | 0.2 | 2.5 | 2.5 | (0.3) | (0.1) | 1.2 | 0.0 | 1.7 | 1.5 | 2.2 | (0.4) | 0.5 |
| Operating Expenses | ||||||||||||||||||||||
| Research & Development | 2.7 | 2.7 | 3.0 | 2.8 | 2.1 | 1.5 | 4.4 | 4.5 | 5.0 | 9.9 | 9.5 | 12.2 | 10.4 | 7.8 | 12.6 | 13.0 | 12.9 | 7.9 | 8.0 | 6.4 | 4.7 | 4.0 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Selling & Marketing | 1.7 | 2.1 | 2.0 | 1.6 | 1.1 | 0.7 | 3.1 | 4.3 | 4.8 | 5.2 | 5.8 | 6.1 | 6.2 | 6.0 | 5.6 | 6.2 | 6.0 | |||||
| General & Administrative | 4.9 | 8.9 | 6.0 | 6.0 | 9.1 | 15.4 | 15.4 | 8.8 | 8.8 | 10.9 | 10.8 | 9.9 | 10.2 | 9.8 | 9.6 | 8.3 | 9.3 | |||||
| Depreciation & Amortization | 0.8 | 0.9 | 0.7 | 0.8 | 1.0 | 1.2 | 1.1 | 1.1 | 1.4 | 5.1 | 1.5 | 1.2 | 1.6 | 2.7 | 0.9 | 0.7 | ||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Total Operating Expenses | 9.3 | 13.7 | 11.1 | 10.5 | 12.2 | 17.5 | 22.9 | 17.6 | 18.6 | 25.9 | 26.0 | 28.2 | 26.8 | 23.7 | 27.8 | 27.5 | ||||||
| Operating Income | ||||||||||||||||||||||
| Operating Income | (6.9) | (20.7) | (10.6) | (12.1) | (11.5) | (17.9) | (18.9) | (20.5) | (21.5) | (57.4) | (25.9) | (25.7) | (24.3) | (23.9) | (28.0) | (26.2) | (28.2) | (19.1) | (15.0) | (11.8) | (11.9) | (7.0) |
| Non-Operating | ||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.7 | 0.5 | 1.2 | 1.6 | 1.1 | (4.3) | 10.9 | 5.5 | 3.9 | 6.1 | 3.0 | 0.3 | 0.2 | 0.0 | 0.1 | 0.1 | 0.1 | 1.1 | ||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Other Non-Operating Income | 0.7 | 0.6 | (0.0) | (0.0) | (0.0) | 0.0 | (2.4) | (1.3) | 0.1 | (0.5) | 0.4 | 0.2 | 0.4 | 0.5 | 0.4 | 0.4 | 0.2 | |||||
| Pre-Tax Income | (7.0) | (20.7) | (11.8) | (13.7) | (25.0) | (18.2) | (23.1) | (0.2) | (28.3) | (56.1) | (19.5) | (23.2) | (36.3) | 20.6 | (75.2) | 128.0 | ||||||
| Tax & Net | ||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | (0.0) | 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (7.0) | (20.8) | (11.8) | (13.8) | (25.0) | (18.1) | (23.1) | (0.2) | (28.3) | (56.1) | (19.5) | (23.2) | (36.3) | 20.6 | (75.2) | 128.0 | (65.3) | |||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income | (7.0) | (20.8) | (11.8) | (13.8) | (25.0) | (18.1) | (23.1) | (0.2) | (28.3) | (56.1) | (19.5) | (23.2) | (36.3) | 20.6 | (75.2) | 128.0 | (65.3) | |||||
| Net Income Attributable To Parent | (7.0) | (20.8) | (11.8) | (13.8) | (25.0) | (18.1) | (23.1) | (0.2) | (28.3) | (56.1) | (19.5) | (23.2) | (36.3) | 20.6 | (75.2) | 128.0 | ||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||
| Net Income To Common Shareholders | (7.0) | (20.8) | (11.8) | (13.8) | (25.0) | (18.1) | (23.1) | (0.2) | (28.3) | (56.1) | (19.5) | (23.2) | (36.3) | 20.6 | (75.2) | |||||||
| Per Share | ||||||||||||||||||||||
| EPS Basic | (0.28) | - | (0.69) | (0.98) | (1.87) | - | (37.54) | (0.30) | (3.81) | - | (3.37) | (4.10) | (0.19) | - | (0.41) | 0.69 | (0.36) | - | (3.36) | (0.78) | (0.85) | (0.44) |
| EPS Diluted | (0.28) | - | (0.69) | (0.98) | (1.87) | - | (37.54) | (0.30) | (3.81) | - | (3.37) | (4.10) | (0.19) | - | (0.41) | 0.63 | (0.36) | - | ||||
| Shares Basic | 25.0 | - | 17.1 | 14.0 | 13.4 | - | 0.6 | 0.6 | 7.4 | - | 5.8 | 5.7 | 189.6 | - | 185.6 | 184.3 | 183.5 | - | ||||
| Shares Diluted | 25.0 | - | 17.1 | 14.0 | 13.4 | - | 0.6 | 0.6 | 7.4 | - | 5.8 | 5.7 | 189.6 | - | 185.6 | 202.3 | 183.5 | - | ||||
| Supplementary Data | ||||||||||||||||||||||
| EBITDA | (6.2) | (19.8) | (9.9) | (11.3) | (10.5) | (16.8) | (17.8) | (19.4) | (20.1) | (52.4) | (24.4) | (24.5) | (22.7) | (21.3) | (27.1) | (25.5) | (27.2) | (17.0) | (14.6) | (11.6) | (11.5) | (6.6) |
| EBIT | (6.9) | (20.7) | (10.6) | (12.1) | (11.5) | (17.9) | (18.9) | (20.5) | (21.5) | (57.4) | (25.9) | (25.7) | (24.3) | (23.9) | (28.0) | (26.2) | (28.2) | (19.1) | (15.0) | |||
| - |
| Selling & Marketing | 7.4 | 6.8 | 12.9 | 23.2 | 23.9 | 12.4 | 7.0 |
| General & Administrative | 25.9 | 30.1 | 48.4 | 41.7 | 37.0 | 23.4 | 6.4 |
| Depreciation & Amortization | 3.1 | 3.4 | 4.8 | 9.3 | 5.3 | 3.0 | 1.2 |
| Amortization of Intangibles | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 44.6 | 47.5 | 76.7 | 107.0 | 107.2 | 62.7 | 27.6 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | 1.2 | 0.5 | (3.6) | 0.5 | 1.5 | (0.1) | 0.0 |
| Pre-Tax Income | (53.2) | (71.2) | (69.8) | (135.1) | 8.0 | (107.1) | (21.8) |
| (21.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (53.3) | (71.4) | (69.7) | (135.1) | 8.0 | (107.1) | (21.8) |
| Net Income Attributable To Parent | (53.3) | (71.4) | (69.7) | (135.1) | 8.0 | (107.1) | (21.8) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (53.3) | (71.4) | (69.7) | (135.1) | 8.0 | (107.1) | (8.8) |
| Shares Basic | 25.0 | 16.5 | 0.8 | 5.6 | 185.1 | 58.7 | 15.6 |
| Shares Diluted | 25.0 | 16.5 | 0.8 | 5.6 | 202.2 | 58.7 | 15.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.7 |
| 3.3 |
| 2.3 |
| 2.0 |
| 1.5 |
| 8.2 |
| 5.2 |
| 5.2 |
| 4.8 |
| 1.9 |
| 1.0 |
| 2.0 |
| 0.4 |
| 0.2 |
| 0.4 |
| 0.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 28.2 |
| 20.8 |
| 16.5 |
| 14.0 |
| 11.5 |
| 7.5 |
| 1.0 |
| 0.5 |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| (0.5) |
| (0.1) |
| 0.5 |
| (0.0) |
| (0.0) |
| (65.3) |
| (14.4) |
| (66.6) |
| (12.5) |
| (13.5) |
| (7.1) |
| (44.1) |
| (66.6) |
| (12.5) |
| 16.1 |
| (7.1) |
| - |
| - |
| - |
| - |
| - |
| (44.1) |
| (66.6) |
| (12.5) |
| 16.1 |
| (7.1) |
| (65.3) |
| (14.4) |
| (66.6) |
| (12.5) |
| (13.5) |
| (7.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 128.0 |
| (65.3) |
| (14.4) |
| (66.6) |
| (12.5) |
| (13.5) |
| (7.1) |
| (3.36) |
| (0.78) |
| (0.85) |
| (0.44) |
| 19.8 |
| 16.2 |
| 16.0 |
| 16.0 |
| 19.8 |
| 16.2 |
| 16.0 |
| 16.0 |
| (11.8) |
| (11.9) |
| (7.0) |