| (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 | 0.1 | 0.1 | 70.6 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 1.2 | 0.3 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||
| Revenues | 70.9 | 70.8 | 0.3 | 0.3 | 1.8 | 3.0 | 1.1 | 4.5 | 8.4 | 4.0 | 3.5 | 5.7 | 6.5 | 5.5 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | 2.5 | 2.5 | 3.4 | 2.8 |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | 0.9 | 3.2 | 3.1 | 2.7 |
| Operating Expenses | ||||||||||||||
| Research & Development | - | - | - | - | - | - | - | 34.8 | 30.4 | 19.6 | 13.7 | 1.0 | 0.3 | 0.2 |
| Operating Income | ||||||||||||||
| Operating Income | (385.7) | (363.4) | (299.0) | (254.5) | (134.3) | (79.7) | (110.4) | (42.0) | (33.1) | (26.5) | (17.0) | (11.2) | (6.9) | (0.2) |
| Non-Operating | ||||||||||||||
| Interest Income | - | 27.4 | 31.6 | 18.2 | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | ||||||||||||||
| Tax & Net | ||||||||||||||
| Income Tax Expense | - | 0.0 | - | - | - | - | - | - | - | - | - | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | ||||||||||||||
| Per Share | ||||||||||||||
| EPS Basic | - | - | - | (5.31) | (4.05) | (6.66) | (31.13) | - | - | - | - | - | - | - |
| EPS Diluted | ||||||||||||||
| Supplementary Data | ||||||||||||||
| EBITDA | - | (362.9) | (298.5) | (253.9) | (134.0) | (79.6) | (110.1) | (41.7) | (32.8) | (26.2) | (16.6) | (11.0) | (6.7) | (0.0) |
| EBIT | ||||||||||||||
| 0.2 |
| 0.2 |
| 0.2 |
| 1.1 |
| 1.5 |
| 0.1 |
| 0.0 |
| 0.2 |
| 0.8 |
| 0.9 |
| 0.7 |
| 2.5 |
| 0.4 |
| 0.5 |
| 0.9 |
| 2.2 |
| 4.8 |
| 1.2 |
| 1.6 |
| 0.7 |
| 0.5 |
| (1.6) |
| 0.9 |
| 2.1 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.7 | 0.6 | 0.6 |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (2.3) | 0.3 | 1.5 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.1 | 3.8 | 6.1 | 8.4 | 9.0 | 8.6 | 8.8 | 8.2 | 7.4 | 8.4 | 6.4 | 5.0 | 5.0 | 5.5 | 4.1 | 3.9 | 3.0 | 3.4 |
| Selling General & Administrative | 38.7 | - | - | - | 17.1 | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | - | - | 24.3 | 20.2 | 17.1 | 15.6 | 14.4 | 16.1 | 15.0 | 33.0 | 20.9 | 19.3 | 21.8 | 9.9 | 8.9 | 8.1 | 8.4 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.1 | - | - | - | 0.1 | - | - | - | 0.1 | - | - | - | 0.1 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | (0.7) | - | 0.5 | - | (0.0) | - | (0.2) | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 116.3 | 122.9 | 110.6 | 106.8 | 93.9 | 87.5 | 83.6 | 72.3 | 56.0 | 71.6 | 51.3 | 59.3 | 72.6 | 49.2 | 31.0 | 29.8 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (116.2) | (122.7) | (40.0) | (106.8) | (93.9) | (87.5) | (83.5) | (72.2) | (55.9) | (71.5) | (51.2) | (59.3) | (72.5) | (49.1) | (29.8) | (29.6) | (25.9) | (29.1) | (14.1) | (18.0) | (18.5) | (90.6) | (5.4) | (6.4) | (8.0) | (10.1) | (11.2) | (8.9) | (11.7) | (10.5) | (9.2) | (8.9) | (4.6) | (6.4) | (5.9) | (7.4) | (6.9) | (5.9) | (4.1) | (3.5) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 7.9 | - | 5.5 | - | 7.5 | - | 7.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 3.5 | 3.3 | 0.6 | 0.5 | 0.6 | 0.5 | 0.5 | 0.6 | 0.6 | 0.3 | 0.6 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.0 | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 11.3 | 2.4 | 5.4 | 6.0 | 7.0 | 7.7 | 6.8 | 7.2 | 7.4 | 4.6 | 3.6 | 4.2 | 4.3 | 3.3 | 0.9 | 0.1 | 0.2 | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (104.9) | (120.4) | (34.6) | (100.7) | (86.9) | (79.7) | (76.7) | (65.0) | (48.5) | (66.9) | (47.7) | (55.1) | (68.2) | (45.8) | (28.9) | (29.5) | (25.7) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (104.9) | (120.4) | (34.6) | (100.7) | (86.9) | (79.7) | (76.7) | (65.0) | (48.5) | (66.9) | (47.7) | (55.1) | (68.2) | (45.8) | (28.9) | (29.5) | (25.7) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (104.9) | (120.4) | (34.6) | (100.7) | (86.9) | (79.7) | (76.7) | (65.0) | (48.5) | (66.9) | (47.7) | (55.1) | (68.2) | (45.8) | (28.9) | (29.5) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (104.9) | (120.4) | (34.6) | (100.7) | (86.9) | (79.7) | (76.7) | (65.0) | (48.5) | (66.9) | (47.7) | (55.1) | (68.2) | (45.8) | (28.9) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | - | - | - | - | - | - | (1.15) | (1.02) | (0.79) | - | (1.09) | (1.27) | (1.61) | - | (0.86) | (1.06) | (0.98) | - | (1.25) | (2.21) | (2.91) | - | (1.48) | (1.82) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | - | - | - | - | - | - | (1.15) | (1.02) | (0.79) | - | (1.09) | (1.27) | (1.61) | - | (0.86) | (1.06) | (0.98) | - | ||||||||||||||||||||||
| Shares Basic | - | - | - | - | - | - | 66.4 | 63.9 | 61.1 | - | 43.7 | 43.3 | 42.2 | - | 33.7 | 27.8 | 26.1 | - | ||||||||||||||||||||||
| Shares Diluted | - | - | - | - | 81.3 | - | 66.4 | 63.9 | 61.1 | - | 43.7 | 43.3 | 42.2 | - | 33.7 | 27.8 | 26.1 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (116.0) | - | - | - | (93.7) | - | - | - | (55.8) | - | - | - | (72.4) | - | - | - | (25.8) | (29.0) | (14.1) | (18.0) | (18.5) | (90.5) | (5.4) | (6.3) | (7.9) | (10.1) | (11.1) | (8.8) | (11.7) | (10.4) | (9.1) | (8.8) | (4.6) | (6.3) | (5.8) | (7.3) | (6.9) | (5.9) | (4.0) | (3.4) |
| EBIT | (116.2) | (122.7) | (40.0) | (106.8) | (93.9) | (87.5) | (83.5) | (72.2) | (55.9) | (71.5) | (51.2) | (59.3) | (72.5) | (49.1) | (29.8) | (29.6) | (25.9) | (29.1) | (14.1) | |||||||||||||||||||||
| Selling General & Administrative |
| - |
| 95.3 |
| 61.1 |
| 95.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | 1.7 | 2.6 | 0.7 | 0.3 |
| General & Administrative | - | - | 61.1 | 95.0 | 35.2 | 25.8 | 13.3 | 11.6 | 11.0 | 10.9 | 6.8 | 7.7 | 6.9 | 1.4 |
| Depreciation & Amortization | - | 0.5 | 0.5 | 0.5 | 0.3 | 0.1 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.1 | 0.1 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | (1.7) | (0.3) | (0.2) | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 456.6 | 434.2 | 299.3 | 254.8 | 136.1 | 82.7 | 111.4 | 46.4 | 41.5 | 30.5 | 20.5 | 13.7 | 11.2 | 4.5 |
| 7.9 |
| 4.9 |
| 2.2 |
| 1.3 |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.1 |
| 1.0 |
| 2.0 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 25.1 | 20.8 | 29.1 | 16.7 | 4.4 | 0.3 | 0.2 | 0.9 | 1.3 | 0.4 | 0.0 | - | - | - |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| (360.6) |
| (342.6) |
| (269.9) |
| (237.7) |
| (129.9) |
| (79.4) |
| (110.7) |
| (41.9) |
| (32.7) |
| (26.5) |
| (17.3) |
| (11.3) |
| (7.9) |
| (2.2) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (360.6) | (342.6) | (269.9) | (237.7) | (129.9) | (79.4) | (110.7) | (41.9) | (32.7) | (26.5) | (17.3) | (11.3) | (7.9) | (2.2) |
| Net Income Attributable To Parent | (360.6) | (342.6) | (269.9) | (237.7) | (129.9) | (79.4) | (110.7) | (41.9) | (32.7) | (26.5) | (17.3) | (11.3) | (7.9) | (2.2) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (360.6) | (342.6) | (269.9) | (237.7) | (129.9) | (79.4) | (110.7) | (41.9) | (32.7) | (26.5) | (17.3) | (11.3) | (7.9) | (2.4) |
| - |
| - |
| - |
| (5.31) |
| (4.05) |
| (6.66) |
| (31.13) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | - | - | - | 44.8 | 32.1 | 11.9 | 3.6 | - | - | - | - | - | - | - |
| Shares Diluted | - | - | - | 44.8 | 32.1 | 11.9 | 3.6 | - | - | - | - | - | - | - |
| (385.7) |
| (363.4) |
| (299.0) |
| (254.5) |
| (134.3) |
| (79.7) |
| (110.4) |
| (42.0) |
| (33.1) |
| (26.5) |
| (17.0) |
| (11.2) |
| (6.9) |
| (0.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.2 |
| 0.4 |
| 0.6 |
| 6.9 |
| 6.2 |
| 6.5 |
| 6.2 |
| 5.5 |
| 2.3 |
| 2.7 |
| 2.7 |
| 2.5 |
| 2.9 |
| 2.9 |
| 3.4 |
| 2.7 |
| 2.7 |
| 2.7 |
| 3.0 |
| 2.5 |
| 2.5 |
| 2.6 |
| 3.3 |
| 2.5 |
| 2.1 |
| 1.2 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 26.1 |
| 29.3 |
| 14.3 |
| 19.1 |
| 20.0 |
| 90.7 |
| 5.4 |
| 6.5 |
| 8.8 |
| 11.0 |
| 11.9 |
| 11.5 |
| 12.1 |
| 10.9 |
| 10.1 |
| 11.0 |
| 9.4 |
| 7.5 |
| 7.5 |
| 8.1 |
| 7.4 |
| 6.4 |
| 5.0 |
| 4.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.2 |
| 0.3 |
| 0.3 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.9) |
| (14.0) |
| (18.0) |
| (18.5) |
| (90.7) |
| (5.5) |
| (6.4) |
| (8.0) |
| (10.1) |
| (11.2) |
| (8.9) |
| (11.6) |
| (10.3) |
| (9.0) |
| (8.7) |
| (4.7) |
| (6.4) |
| (5.8) |
| (7.3) |
| (7.0) |
| (6.0) |
| (4.2) |
| (3.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.9) |
| (14.0) |
| (18.0) |
| (18.5) |
| (90.7) |
| (5.5) |
| (6.4) |
| (8.0) |
| (10.1) |
| (11.2) |
| (8.9) |
| (11.6) |
| (10.3) |
| (9.0) |
| (8.7) |
| (4.7) |
| (6.4) |
| (5.8) |
| (7.3) |
| (7.0) |
| (6.0) |
| (4.2) |
| (3.5) |
| (25.7) |
| (28.9) |
| (14.0) |
| (18.0) |
| (18.5) |
| (90.7) |
| (5.5) |
| (6.4) |
| (8.0) |
| (10.1) |
| (11.2) |
| (8.9) |
| (11.6) |
| (10.3) |
| (9.0) |
| (8.7) |
| (4.7) |
| (6.4) |
| (5.8) |
| (7.3) |
| (7.0) |
| (6.0) |
| (4.2) |
| (3.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (29.5) |
| (25.7) |
| (28.9) |
| (14.0) |
| (18.0) |
| (18.5) |
| (90.7) |
| (5.5) |
| (6.4) |
| (8.0) |
| (10.1) |
| (11.2) |
| (8.9) |
| (11.6) |
| (10.3) |
| (9.0) |
| (8.7) |
| (4.7) |
| (6.4) |
| (5.8) |
| (7.3) |
| (7.0) |
| (6.0) |
| (4.2) |
| (3.5) |
| (1.25) |
| (2.21) |
| (2.91) |
| - |
| (1.48) |
| (1.82) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 11.2 |
| 8.1 |
| 6.3 |
| - |
| 3.7 |
| 3.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 11.2 |
| 8.1 |
| 6.3 |
| - |
| 3.7 |
| 3.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (18.0) |
| (18.5) |
| (90.6) |
| (5.4) |
| (6.4) |
| (8.0) |
| (10.1) |
| (11.2) |
| (8.9) |
| (11.7) |
| (10.5) |
| (9.2) |
| (8.9) |
| (4.6) |
| (6.4) |
| (5.9) |
| (7.4) |
| (6.9) |
| (5.9) |
| (4.1) |
| (3.5) |