| (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 | Q4 FY 17 | Q3 FY 17 | Q2 FY 17 | Q1 FY 17 | Q4 FY 16 | Q3 FY 16 | Q2 FY 16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 1.0 | 0.4 | 0.6 | 0.4 | 0.2 | 0.2 | 0.5 | 0.4 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||
| Revenues | 2.5 | 1.7 | 1.2 | 0.8 | 0.3 | 0.1 | 0.0 | 0.0 | - | - | - | - | 0.0 | - | 0.1 | 0.0 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||
| Research & Development | 10.3 | 10.1 | 14.4 | 19.6 | 15.3 | 13.0 | 14.5 | 10.4 | 10.9 | 8.0 | 7.9 | 6.1 | 4.0 | 2.5 | 2.8 | |
| Operating Income | ||||||||||||||||
| Operating Income | (21.6) | (21.7) | (27.0) | (36.0) | (31.8) | (28.3) | (21.2) | (16.0) | (17.9) | (14.7) | (12.4) | (10.0) | (6.0) | (4.6) | ||
| Non-Operating | ||||||||||||||||
| Interest Income | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | - | - | - | - | - | - | - | - |
| Tax & Net | ||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | (0.0) | - | - | - | - |
| Per Share | ||||||||||||||||
| EPS Basic | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||
| EBITDA | - | (20.8) | (25.9) | (34.8) | (30.8) | (27.4) | (20.5) | (15.4) | (17.3) | (14.2) | (12.1) | (9.8) | (5.8) | (4.4) | (3.9) | (2.5) |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 2.9 | 2.5 | 2.3 | 2.7 | 2.6 | 2.6 | 3.5 | 3.7 | 4.6 | 4.5 | 4.7 | 5.5 | 4.9 | 4.5 | 4.0 | 3.3 | 3.6 | 2.6 | 3.6 | 2.9 | 3.9 | 4.0 | 3.2 | 3.5 | 3.9 | 2.8 | 2.6 | 2.5 | 2.5 | 3.1 | 2.7 | 2.7 | 2.4 | 2.4 | 2.1 | 1.8 | 1.7 | 2.7 | 2.0 | 1.7 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | 0.9 | 1.0 | 1.0 | 1.0 | 0.9 | 1.3 | 1.1 | 1.4 | 1.7 | 1.9 | 1.6 | 1.7 | 1.7 | 1.7 | 1.5 | 1.8 | 1.6 | |||||||||||||||||||||||
| General & Administrative | 2.6 | 1.8 | 2.5 | 2.9 | 2.2 | 2.1 | 1.8 | 2.3 | 2.3 | 2.5 | 2.6 | 2.6 | 2.6 | 2.0 | 2.5 | 3.1 | 2.6 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.2 | - | - | - | 0.3 | - | - | - | 0.3 | - | - | - | 0.3 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 6.3 | 5.3 | 5.7 | 6.7 | 5.8 | 6.0 | 6.3 | 7.4 | 8.6 | 9.0 | 8.8 | 9.8 | 9.2 | 8.1 | 8.0 | 8.1 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (5.3) | (4.8) | (5.1) | (6.3) | (5.5) | (5.8) | (5.9) | (7.0) | (8.4) | (8.7) | (8.7) | (9.5) | (9.0) | (8.0) | (8.0) | (8.1) | (7.7) | (8.8) | (7.6) | (5.9) | (6.1) | (5.7) | (4.5) | (5.2) | (5.9) | (3.7) | (4.2) | (4.2) | (4.0) | (4.3) | (4.4) | (4.6) | (4.6) | (4.0) | (3.9) | (3.4) | (3.3) | (3.5) | (3.5) | (3.0) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 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 | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0.1 | - | - | - | 0.1 | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | (1.4) | (1.5) | (0.3) | (0.0) | 0.0 | (0.1) | 0.0 | (0.1) | (0.1) | (0.1) | 0.2 | (0.0) | 0.2 | 0.7 | 0.2 | 0.4 | (0.0) | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | - | - | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (6.7) | (6.3) | (5.4) | (6.3) | (5.5) | (5.9) | (5.9) | (7.1) | (8.5) | (8.8) | (8.5) | (9.6) | (8.9) | (7.5) | (7.8) | (7.6) | (7.6) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (6.7) | (6.3) | (5.4) | (6.3) | (5.5) | (5.9) | (5.9) | (7.1) | (8.5) | (8.8) | (8.5) | (9.6) | (8.9) | (7.3) | (7.8) | (7.7) | (7.7) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (6.7) | (6.3) | (5.4) | (6.3) | (5.4) | (5.8) | (5.8) | (7.0) | (8.4) | (8.8) | (8.5) | (9.6) | (8.9) | (7.3) | (7.8) | (7.7) | ||||||||||||||||||||||||
| Less: Minority Interest | (0.0) | - | - | - | (0.1) | (0.2) | (0.0) | 0.1 | (0.1) | (0.4) | (0.1) | 0.1 | 0.1 | - | - | 0.1 | (0.1) | |||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (6.7) | (6.3) | (5.4) | (6.3) | (5.4) | (5.8) | (5.8) | (7.0) | (8.4) | (8.7) | (8.4) | (9.5) | (8.8) | (7.3) | (7.8) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.97) | - | (0.05) | (0.06) | (1.12) | - | (0.07) | (0.08) | (0.10) | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Shares Basic | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Shares Diluted | 6.9 | - | 108.2 | 102.7 | 4.8 | - | 87.9 | 82.7 | 82.0 | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (5.1) | - | - | - | (5.3) | - | - | - | (8.1) | - | - | - | (8.8) | - | - | - | (7.5) | - | - | - | (5.9) | - | - | - | (5.7) | - | - | - | (3.8) | - | - | - | (4.5) | - | - | - | (3.2) | - | - | - |
| EBIT | (5.3) | (4.8) | (5.1) | (6.3) | (5.5) | (5.8) | (5.9) | (7.0) | (8.4) | (8.7) | (8.7) | (9.5) | (9.0) | (8.0) | (8.0) | (8.1) | (7.7) | (8.8) | (7.6) | |||||||||||||||||||||
| 1.5 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Selling & Marketing | 3.9 | 3.9 | 5.4 | 6.8 | 6.6 | 3.7 | 1.1 | 1.0 | 1.2 | 0.8 | 0.3 | - | - | - | - | - |
| General & Administrative | 9.9 | 9.5 | 8.5 | 10.4 | 10.2 | 11.7 | 5.7 | 4.7 | 5.8 | 5.8 | 4.2 | 0.7 | 0.3 | 0.4 | 0.4 | 0.2 |
| Depreciation & Amortization | - | 1.0 | 1.1 | 1.2 | 0.9 | 0.9 | 0.7 | 0.7 | 0.6 | 0.5 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| Amortization of Intangibles | - | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | 0.3 | 0.5 | 0.5 | (2.3) | 0.9 | - | - |
| Total Operating Expenses | 24.0 | 23.5 | 28.3 | 36.8 | 32.1 | 28.4 | 21.3 | 16.1 | 17.9 | 14.7 | 12.4 | 10.0 | 6.0 | 4.6 | 4.1 | 2.6 |
| (4.1) |
| (2.6) |
| Interest Expense | - | - | - | - | - | 0.2 | 0.1 | 0.1 | (0.1) | 0.1 | 0.0 | - | - | - | - | - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (3.2) | (1.8) | (0.2) | 0.3 | 1.2 | 1.3 | 0.8 | (0.1) | (0.1) | - | - | (0.0) | 0.0 | - | - | - |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (24.7) | (23.5) | (27.3) | (35.7) | (30.6) | (26.8) | (20.4) | (16.1) | (18.0) | (14.8) | (11.9) | (9.5) | (8.2) | (3.7) | (4.1) | (2.6) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (24.7) | (23.5) | (27.3) | (35.7) | (30.6) | (27.0) | (20.4) | (16.1) | (18.0) | (14.8) | (11.9) | (9.5) | (8.2) | (3.7) | (4.1) | (2.6) |
| Net Income Attributable To Parent | (24.6) | (23.4) | (27.0) | (35.7) | (30.6) | (27.0) | (20.4) | (16.1) | (18.0) | (14.8) | (11.9) | (9.5) | (8.2) | (3.7) | (4.1) | (2.6) |
| Less: Minority Interest | - | - | (0.3) | (0.4) | 0.3 | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (24.6) | (23.4) | (27.0) | (35.3) | (30.6) | (27.0) | (20.4) | (16.1) | (18.0) | (14.8) | (11.9) | (9.5) | (8.2) | (3.7) | (4.1) | (2.6) |
| EPS Diluted | (3.57) | - | (0.31) | (0.50) | - | - | - | - | - | - | - | - | - | - | - | - |
| Shares Basic | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Shares Diluted | 6.9 | 106.8 | 86.5 | 71.2 | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | (21.6) | (21.7) | (27.0) | (36.0) | (31.8) | (28.3) | (21.2) | (16.0) | (17.9) | (14.7) | (12.4) | (10.0) | (6.0) | (4.6) | (4.1) | (2.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.9 |
| 0.8 |
| 0.6 |
| 0.4 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.4 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.3 |
| 0.1 |
| 0.1 |
| 0.1 |
| 4.3 |
| 3.1 |
| 2.4 |
| 1.8 |
| 1.4 |
| 1.1 |
| 1.5 |
| 1.7 |
| 0.7 |
| 1.4 |
| 1.4 |
| 1.2 |
| 0.9 |
| 1.5 |
| 1.6 |
| 1.8 |
| 1.4 |
| 1.6 |
| 1.4 |
| 1.4 |
| 3.6 |
| 0.2 |
| 0.2 |
| 0.2 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.2 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.0) |
| - |
| 0.1 |
| - |
| (0.0) |
| - |
| - |
| 0.0 |
| 7.8 |
| 8.8 |
| 7.6 |
| 5.9 |
| 6.1 |
| 5.7 |
| 4.5 |
| 5.2 |
| 5.9 |
| 3.7 |
| 4.2 |
| 4.2 |
| 4.0 |
| 4.3 |
| 4.4 |
| 4.6 |
| 4.6 |
| 4.0 |
| 3.9 |
| 3.4 |
| 3.3 |
| 3.5 |
| 3.5 |
| 3.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.0 |
| 0.0 |
| (0.0) |
| (0.1) |
| (0.0) |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.7 |
| 0.4 |
| 0.3 |
| (0.0) |
| 0.5 |
| 0.2 |
| 0.2 |
| 0.0 |
| 0.2 |
| (0.0) |
| (0.0) |
| (0.2) |
| - |
| - |
| - |
| (0.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (8.0) |
| (7.1) |
| (5.5) |
| (6.1) |
| (5.1) |
| (4.3) |
| (5.0) |
| (5.8) |
| (3.6) |
| (4.2) |
| (4.2) |
| (4.2) |
| (4.3) |
| (4.5) |
| (4.6) |
| (4.7) |
| (4.1) |
| (3.9) |
| (3.5) |
| (3.4) |
| (3.0) |
| (3.5) |
| (2.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (8.1) |
| (7.2) |
| (5.6) |
| (6.1) |
| (5.2) |
| (4.3) |
| (5.0) |
| (5.9) |
| (3.6) |
| (4.2) |
| (4.2) |
| (4.2) |
| (4.3) |
| (4.5) |
| (4.6) |
| (4.7) |
| (4.1) |
| (3.9) |
| (3.5) |
| (3.4) |
| (3.0) |
| (3.5) |
| (2.9) |
| (7.7) |
| (8.1) |
| (7.2) |
| (5.6) |
| (6.1) |
| (5.2) |
| (4.3) |
| (5.0) |
| (5.9) |
| (3.6) |
| (4.2) |
| (4.2) |
| (4.2) |
| (4.3) |
| (4.5) |
| (4.6) |
| (4.7) |
| (4.1) |
| (3.9) |
| (3.5) |
| (3.4) |
| (3.0) |
| (3.5) |
| (2.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (7.7) |
| (7.7) |
| (8.1) |
| (7.2) |
| (5.6) |
| (6.1) |
| (5.2) |
| (4.3) |
| (5.0) |
| (5.9) |
| (3.6) |
| (4.2) |
| (4.2) |
| (4.2) |
| (4.3) |
| (4.5) |
| (4.6) |
| (4.7) |
| (4.1) |
| (3.9) |
| (3.5) |
| (3.4) |
| (3.0) |
| (3.5) |
| (2.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (5.9) |
| (6.1) |
| (5.7) |
| (4.5) |
| (5.2) |
| (5.9) |
| (3.7) |
| (4.2) |
| (4.2) |
| (4.0) |
| (4.3) |
| (4.4) |
| (4.6) |
| (4.6) |
| (4.0) |
| (3.9) |
| (3.4) |
| (3.3) |
| (3.5) |
| (3.5) |
| (3.0) |