| (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 | 18.7 | - | 11.2 | 2.1 | - | - | - | 10.0 | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| (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 | - | 30.9 | 10.0 | - | 2.6 | 2.1 | 88.5 | 17.5 | 26.7 | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | 0.2 | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | 26.6 | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||
| Research & Development | 123.7 | 114.6 | 81.3 | 61.4 | 50.6 | 39.3 | 41.4 | 45.8 | 43.6 | 46.4 | 19.8 | 40.6 | 35.4 | 25.9 | 21.7 | |
| Operating Income | ||||||||||||||||
| Operating Income | (170.9) | (170.1) | (115.0) | (92.1) | (72.9) | (61.4) | (49.4) | (132.3) | (94.8) | (67.8) | (37.0) | (58.2) | (53.6) | (41.4) | ||
| Non-Operating | ||||||||||||||||
| Interest Income | 4.4 | 4.1 | 4.1 | 6.2 | 1.2 | 0.2 | 0.5 | 4.4 | 2.6 | 0.6 | 0.6 | 0.3 | 0.2 | 0.2 | 0.2 | 0.0 |
| Tax & Net | ||||||||||||||||
| Income Tax Expense | - | - | 0.2 | - | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | - | - | - | - | - | - | |
| Per Share | ||||||||||||||||
| EPS Basic | (1.97) | (3.02) | (3.66) | (3.96) | (4.57) | (4.90) | (0.44) | (2.00) | (1.12) | (1.76) | (0.99) | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||
| EBITDA | - | (170.1) | (114.9) | (92.0) | (72.8) | (61.2) | (48.8) | (131.9) | (93.8) | (67.2) | (36.3) | (57.4) | (53.2) | (41.2) | (32.0) | (13.6) |
| 2.6 |
| 0.5 |
| 0.0 |
| 0.5 |
| 1.0 |
| 0.5 |
| 78.6 |
| 4.3 |
| 5.1 |
| 3.6 |
| 9.0 |
| 3.1 |
| 1.7 |
| - |
| 15.5 |
| 10.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.2 | - | 0.0 | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.5 | - | 15.5 | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 38.2 | 31.7 | 29.0 | 24.8 | 29.2 | 20.8 | 24.8 | 18.1 | 17.7 | 22.5 | 13.9 | 12.9 | 12.0 | 10.7 | 11.3 | 14.9 | 13.6 | 11.4 | 9.3 | 9.7 | 8.9 | 10.2 | 11.0 | 9.3 | 10.9 | 12.5 | 12.2 | 11.3 | 9.8 | 8.8 | 11.6 | 12.4 | 10.9 | 11.3 | 17.7 | 9.0 | 8.4 | 6.9 | 4.2 | 4.5 |
| Selling General & Administrative | 22.3 | 24.4 | 21.0 | 20.7 | 15.0 | 10.8 | 12.3 | 10.2 | 10.4 | 8.6 | 7.4 | 7.4 | 7.3 | 6.1 | 6.4 | 6.5 | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Depreciation & Amortization | - | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | - | - | - | 0.0 | |||||||||||||||||||||||
| Amortization of Intangibles | 0.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 63.6 | 59.0 | 52.0 | 45.9 | 44.2 | 31.6 | 37.0 | 28.3 | 28.1 | 31.1 | 21.3 | 20.3 | 19.3 | 16.8 | 17.7 | 21.4 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (44.9) | (41.5) | (40.7) | (43.8) | (44.2) | (31.6) | (37.0) | (18.3) | (28.1) | (31.1) | (21.3) | (20.3) | (19.3) | (16.8) | (17.7) | (21.4) | (17.0) | (16.5) | (14.8) | (15.9) | (14.1) | (16.8) | 15.0 | (21.3) | (26.4) | (33.3) | (26.1) | (38.3) | (34.7) | (34.3) | (21.6) | (18.2) | (20.8) | (18.1) | (23.1) | (13.5) | (13.1) | (11.8) | (8.1) | (8.7) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 1.3 | 1.1 | 1.2 | 0.8 | 1.0 | 1.0 | 0.8 | 1.0 | 1.4 | 1.9 | 2.2 | 1.1 | 1.0 | 0.8 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | 0.4 | 0.6 | 1.0 | 1.3 | 1.5 | 1.3 | 0.8 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 |
| Interest Expense | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 0.8 | 0.7 | 0.7 | 0.6 | 0.1 | 0.0 | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | (0.1) | (0.0) | (0.0) | (0.1) | (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 | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | - | - | - | 0.0 | 0.2 | 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 | (36.6) | (32.9) | (98.5) | (25.9) | (52.1) | (64.6) | (24.0) | (8.3) | (33.9) | (27.4) | (20.0) | (24.3) | (15.7) | (16.8) | (18.1) | (22.0) | (17.0) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (36.6) | (32.9) | (98.5) | (25.9) | (52.1) | (64.6) | (24.0) | (8.3) | (33.9) | (27.4) | (20.0) | (24.3) | (15.7) | (16.8) | (18.1) | (22.0) | (17.0) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (36.6) | (32.9) | (98.5) | (25.9) | (52.1) | (64.6) | (24.0) | (8.3) | (33.9) | (27.4) | (20.0) | (24.3) | (15.7) | (16.8) | (18.1) | (22.0) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (36.6) | (32.9) | (98.5) | (25.9) | (52.1) | (64.6) | (24.0) | (8.3) | (33.9) | (27.4) | (20.0) | (24.3) | (15.7) | (16.8) | (18.1) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.37) | - | (1.35) | (0.39) | (0.96) | - | (0.60) | (0.31) | (1.26) | - | (0.75) | (1.37) | (0.94) | - | (1.10) | (1.41) | (0.09) | - | (0.13) | (0.10) | (0.09) | - | 0.08 | - | - | - | (0.41) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.46) | - | (1.35) | (0.62) | (0.96) | - | (0.60) | (0.31) | (1.26) | - | (0.75) | (1.37) | (0.08) | - | (0.09) | (0.12) | (0.09) | - | ||||||||||||||||||||||
| Shares Basic | 98.3 | - | 73.2 | 66.1 | 54.2 | - | 40.3 | 26.9 | 26.8 | - | 26.8 | 17.7 | 16.7 | - | 16.4 | 15.5 | 186.3 | - | ||||||||||||||||||||||
| Shares Diluted | 99.1 | - | 73.2 | 74.0 | 54.2 | - | 40.3 | 26.9 | 26.8 | - | 26.8 | - | 200.7 | - | 197.2 | 186.5 | 186.3 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | - | - | - | - | (44.2) | - | - | - | (28.1) | - | - | - | (19.3) | - | - | - | (17.0) | - | - | - | (14.0) | - | - | - | (26.3) | - | - | - | (34.6) | - | - | - | (20.6) | - | - | - | (13.0) | - | - | - |
| EBIT | (44.9) | (41.5) | (40.7) | (43.8) | (44.2) | (31.6) | (37.0) | (18.3) | (28.1) | (31.1) | (21.3) | (20.3) | (19.3) | (16.8) | (17.7) | (21.4) | (17.0) | (16.5) | (14.8) | |||||||||||||||||||||
| 9.9 |
| Selling General & Administrative | 88.4 | 81.1 | 43.6 | 30.7 | 25.0 | 24.1 | 62.8 | 101.2 | 77.3 | 21.4 | 17.2 | - | - | - | - | - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | 21.4 | 17.2 | 17.6 | 18.2 | 15.5 | 10.5 | 3.8 |
| Depreciation & Amortization | - | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.5 | 0.4 | 1.0 | 0.6 | 0.7 | 0.8 | 0.4 | 0.2 | 0.2 | 0.1 |
| Amortization of Intangibles | - | 0.7 | - | - | - | - | 0.8 | 1.6 | 0.4 | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 220.4 | 201.0 | 125.0 | 92.1 | 75.5 | 63.5 | 137.9 | 149.8 | 121.5 | 67.8 | 37.0 | 58.2 | 53.6 | 41.4 | 32.2 | 13.7 |
| (32.2) |
| (13.7) |
| Interest Expense | 1.3 | 1.1 | 4.6 | 4.1 | 2.1 | 10.0 | 15.8 | 20.6 | 5.8 | 0.6 | - | - | - | - | - | - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (0.2) | (0.2) | (0.1) | (0.1) | 0.0 | - | (1.3) | (0.6) | 25.6 | - | - | - | - | - | - | - |
| Pre-Tax Income | - | (209.5) | (130.5) | (87.4) | (73.8) | (71.2) | (67.5) | (149.2) | (72.4) | - | - | - | - | - | - | - |
| - |
| Net Income From Continuing Ops | (194.0) | (209.5) | (130.6) | (87.4) | (73.8) | (71.2) | (67.7) | (149.2) | (72.4) | (67.8) | (36.4) | (57.9) | (53.4) | (41.2) | (32.0) | (13.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (194.0) | (209.5) | (130.6) | (87.4) | (73.8) | (71.2) | (67.7) | (149.2) | (72.4) | (67.8) | (36.4) | (57.9) | (53.4) | (41.2) | (32.0) | (13.7) |
| Net Income Attributable To Parent | (194.0) | (209.5) | (130.6) | (87.4) | (73.8) | (71.2) | (67.7) | (149.2) | (72.4) | (67.8) | (36.4) | (57.9) | (53.4) | (41.2) | (32.0) | (13.7) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (194.0) | (209.5) | (130.6) | (87.4) | (73.8) | (71.2) | (67.7) | (149.2) | (72.4) | (67.8) | (36.4) | (57.9) | (53.4) | (41.2) | (32.0) | (13.7) |
| EPS Diluted | (1.96) | (3.02) | (3.66) | (3.96) | (4.57) | (4.90) | (0.44) | (2.00) | (1.37) | (1.76) | (0.99) | - | - | - | - | - |
| Shares Basic | 98.3 | 69.3 | 35.7 | 22.1 | 16.1 | 14.5 | 153.3 | 74.6 | 65.0 | 38.4 | 37.0 | - | - | - | - | - |
| Shares Diluted | 99.1 | 69.3 | 35.7 | 22.1 | 16.1 | 14.5 | 0.2 | 74.6 | 69.3 | 38.4 | 37.0 | - | - | - | - | - |
| EBIT | (170.9) | (170.1) | (115.0) | (92.1) | (72.9) | (61.4) | (49.4) | (132.3) | (94.8) | (67.8) | (37.0) | (58.2) | (53.6) | (41.4) | (32.2) | (13.7) |
| 5.9 |
| 5.7 |
| 5.5 |
| 6.7 |
| 6.2 |
| 7.1 |
| 20.6 |
| 15.4 |
| 19.6 |
| 23.7 |
| 22.2 |
| 29.3 |
| 26.0 |
| 26.2 |
| 25.4 |
| 15.8 |
| 9.8 |
| - |
| 5.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 15.8 |
| 9.8 |
| 6.8 |
| 5.4 |
| 4.4 |
| 4.8 |
| 4.9 |
| 3.8 |
| 4.2 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.1) |
| 0.1 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| 0.4 |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 19.6 |
| 17.1 |
| 14.8 |
| 16.4 |
| 15.1 |
| 17.3 |
| 63.6 |
| 25.6 |
| 31.4 |
| 36.9 |
| 35.1 |
| 41.4 |
| 36.3 |
| 35.5 |
| 37.1 |
| 28.2 |
| 20.8 |
| 18.1 |
| 23.1 |
| 13.5 |
| 13.1 |
| 11.8 |
| 8.1 |
| 8.7 |
| 8.0 |
| 1.0 |
| 1.0 |
| 1.4 |
| 1.9 |
| 1.9 |
| 10.7 |
| 5.5 |
| 5.0 |
| 5.2 |
| 4.9 |
| 4.0 |
| 0.9 |
| 0.5 |
| 0.5 |
| 0.3 |
| 0.1 |
| 0.1 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (16.5) |
| (22.8) |
| (16.9) |
| (15.0) |
| (19.9) |
| 13.1 |
| (23.0) |
| (38.0) |
| (38.8) |
| (30.1) |
| (42.2) |
| (38.1) |
| (11.3) |
| (21.7) |
| (18.4) |
| (21.1) |
| (18.2) |
| (23.1) |
| (13.4) |
| (13.0) |
| (11.7) |
| (7.9) |
| (8.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (16.5) |
| (22.8) |
| (16.9) |
| (15.0) |
| (19.9) |
| 13.1 |
| (23.0) |
| (38.0) |
| (38.8) |
| (30.1) |
| (42.2) |
| (38.1) |
| (11.3) |
| (21.7) |
| (18.4) |
| (21.1) |
| (18.2) |
| (23.1) |
| (13.4) |
| (13.0) |
| (11.7) |
| (7.9) |
| (8.6) |
| (17.0) |
| (16.5) |
| (22.8) |
| (16.9) |
| (15.0) |
| (19.9) |
| 13.1 |
| (23.0) |
| (38.0) |
| (38.8) |
| (30.1) |
| (42.2) |
| (38.1) |
| (11.3) |
| (21.7) |
| (18.4) |
| (21.1) |
| (18.2) |
| (23.1) |
| (13.4) |
| (13.0) |
| (11.7) |
| (7.9) |
| (8.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (22.0) |
| (17.0) |
| (16.5) |
| (22.8) |
| (16.9) |
| (15.0) |
| (19.9) |
| 13.1 |
| (23.0) |
| (38.0) |
| (38.8) |
| (30.1) |
| (42.2) |
| (38.1) |
| (11.3) |
| (21.7) |
| (18.4) |
| (21.1) |
| (18.2) |
| (23.1) |
| (13.4) |
| (13.0) |
| (11.7) |
| (7.9) |
| (8.6) |
| (0.13) |
| (0.10) |
| (0.09) |
| - |
| 0.08 |
| - |
| - |
| - |
| (0.41) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 179.9 |
| 172.0 |
| 171.6 |
| - |
| 169.5 |
| - |
| - |
| - |
| 74.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 179.9 |
| 172.0 |
| 171.6 |
| - |
| 169.8 |
| - |
| - |
| - |
| 74.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (15.9) |
| (14.1) |
| (16.8) |
| 15.0 |
| (21.3) |
| (26.4) |
| (33.3) |
| (26.1) |
| (38.3) |
| (34.7) |
| (34.3) |
| (21.6) |
| (18.2) |
| (20.8) |
| (18.1) |
| (23.1) |
| (13.5) |
| (13.1) |
| (11.8) |
| (8.1) |
| (8.7) |