| (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 | 2.6 | 15.3 | 13.4 | 5.2 | 6.5 | 6.3 | 24.6 | 29.6 | 19.5 | 90.1 | 4.6 | 4.9 | 150.5 | (1.5) | 41.1 | 0.7 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||
| Revenues | 36.5 | 40.4 | 80.0 | 250.0 | 40.9 | 37.4 | 171.1 | 104.4 | 7.6 | 10.1 | 14.2 | 17.3 | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||
| Research & Development | 127.8 | 134.7 | 127.4 | 92.2 | 60.8 | 73.8 | 108.8 | 119.7 | 64.9 | 62.3 | 42.2 | 27.7 | 8.9 |
| Selling General & Administrative | |||||||||||||
| Operating Income | |||||||||||||
| Operating Income | (127.4) | (131.8) | (83.3) | 122.0 | (50.8) | (73.6) | 27.4 | (51.7) | (91.1) | (71.9) | (41.3) | (20.3) | (14.4) |
| Non-Operating | |||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | ||||||||||||
| Tax & Net | |||||||||||||
| Income Tax Expense | 0.1 | 0.1 | 0.7 | 1.4 | 0.0 | - | - | - | (0.2) | - | 0.1 | 0.0 | - |
| Net Income From Continuing Ops | |||||||||||||
| Per Share | |||||||||||||
| EPS Basic | (1.96) | (2.04) | (1.13) | 3.08 | (1.21) | (1.89) | 0.99 | (1.21) | (2.75) | - | - | - | - |
| EPS Diluted | (1.96) | ||||||||||||
| Supplementary Data | |||||||||||||
| EBITDA | - | (127.8) | (78.6) | 126.5 | (44.6) | (68.5) | 31.2 | (48.9) | (89.0) | (70.3) | (40.7) | (19.7) | (14.2) |
| EBIT | (127.4) | ||||||||||||
| 0.7 |
| 28.1 |
| 1.5 |
| 1.4 |
| 6.5 |
| 6.5 |
| 117.8 |
| 28.7 |
| 18.1 |
| 32.7 |
| 20.4 |
| 46.1 |
| 5.2 |
| 2.0 |
| 2.1 |
| 2.6 |
| 0.9 |
| 6.3 |
| 1.1 |
| 1.2 |
| 1.5 |
| 2.4 |
| 3.3 |
| 3.7 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 24.6 | 36.0 | 35.9 | 31.3 | 31.5 | 35.6 | 30.2 | 34.5 | 27.1 | 25.8 | 25.9 | 22.0 | 18.6 | 14.6 | 19.3 | 12.5 | 14.3 | 14.0 | 17.9 | 19.5 | 22.3 | 22.0 | 25.0 | 29.4 | 32.3 | 36.6 | 29.8 | 28.6 | 24.8 | 16.9 | 16.6 | 16.5 | 14.9 | 13.3 | 19.6 | 15.3 | 14.1 | 12.7 | 10.3 | 10.5 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 8.3 | 9.3 | 8.1 | 10.5 | 9.6 | 9.0 | 8.2 | 10.2 | 8.6 | 10.2 | 8.3 | 8.3 | 9.0 | 8.5 | 7.3 | 7.6 | 7.7 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.9 | - | - | - | 1.0 | - | - | - | 1.2 | - | - | - | 1.1 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 32.9 | 45.3 | 44.0 | 41.8 | 41.2 | 44.6 | 38.4 | 44.6 | 35.7 | 36.0 | 34.1 | 30.3 | 27.6 | 23.0 | 26.6 | 20.1 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (30.3) | (29.9) | (30.6) | (36.6) | (34.7) | (38.3) | (13.8) | (15.0) | (16.2) | 54.1 | (29.5) | (25.4) | 122.9 | (24.6) | 14.4 | (19.4) | (21.4) | 5.7 | (25.1) | (28.6) | (25.6) | (23.7) | 84.5 | (9.0) | (24.4) | (13.8) | (17.8) | 9.2 | (29.3) | (23.2) | (21.1) | (25.7) | (21.1) | (12.3) | (23.4) | (18.6) | (17.5) | (13.8) | (10.4) | (9.6) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 2.3 | 2.5 | 2.8 | 3.3 | 3.7 | 4.4 | 4.8 | 4.9 | 4.9 | 3.2 | 3.4 | 3.3 | 1.9 | 1.0 | 3.2 | 0.3 | 0.0 | |||||||||||||||||||||||
| Pre-Tax Income | (27.9) | (27.4) | (27.8) | (33.4) | (31.0) | (33.9) | (9.0) | (10.1) | (11.3) | 57.2 | (26.1) | (22.1) | 124.7 | (23.6) | 17.6 | (19.1) | ||||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.6 | 0.0 | 0.0 | 0.0 | 0.8 | (0.2) | 0.1 | 0.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (0.2) | - | - | 0.2 | (0.2) | - | (0.3) | - |
| Net Income From Continuing Ops | (27.9) | (27.4) | (27.9) | (33.4) | (31.0) | (34.5) | (9.0) | (10.1) | (11.3) | 56.4 | (25.9) | (22.2) | 124.0 | (23.6) | 17.6 | (19.1) | (21.3) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (27.9) | (27.4) | (27.9) | (33.4) | (31.0) | (34.5) | (9.0) | (10.1) | (11.3) | 56.4 | (25.9) | (22.2) | 124.0 | (23.6) | 17.6 | (19.1) | (21.3) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (27.9) | (27.4) | (27.9) | (33.4) | (31.0) | (34.5) | (9.0) | (10.1) | (11.3) | 56.4 | (25.9) | (22.2) | 124.0 | (23.6) | 17.6 | (19.1) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (27.9) | (27.4) | (27.9) | (33.4) | (31.0) | (34.5) | (9.0) | (10.1) | (11.3) | 56.4 | (25.9) | (22.2) | 124.0 | (23.6) | 17.6 | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.47) | - | (0.47) | (0.57) | (0.53) | - | (0.16) | (0.18) | (0.20) | - | (0.59) | (0.51) | 3.05 | - | 0.46 | (0.50) | (0.56) | - | (0.67) | (0.80) | (0.58) | - | 2.30 | (0.23) | - | - | (0.41) | 0.30 | - | - | - | (0.80) | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.47) | - | (0.47) | (0.57) | (0.53) | - | (0.16) | (0.18) | (0.20) | - | (0.59) | (0.51) | 2.94 | - | 0.45 | (0.50) | (0.56) | - | ||||||||||||||||||||||
| Shares Basic | 59.5 | - | 58.8 | 58.7 | 58.3 | - | 57.9 | 57.7 | 57.1 | - | 43.9 | 43.5 | 40.6 | - | 38.5 | 38.3 | 38.0 | - | ||||||||||||||||||||||
| Shares Diluted | 59.5 | - | 58.8 | 58.7 | 58.3 | - | 57.9 | 57.7 | 57.1 | - | 43.9 | 43.5 | 42.2 | - | 39.6 | 38.3 | 38.0 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (29.3) | - | - | - | (33.7) | - | - | - | (15.0) | - | - | - | 124.0 | - | - | - | (18.5) | - | - | - | (24.3) | - | - | - | (23.6) | - | - | - | (28.7) | - | - | - | (20.6) | - | - | - | (17.2) | - | - | - |
| EBIT | (30.3) | (29.9) | (30.6) | (36.6) | (34.7) | (38.3) | (13.8) | (15.0) | (16.2) | 54.1 | (29.5) | (25.4) | 122.9 | (24.6) | 14.4 | (19.4) | (21.4) | 5.7 | (25.1) | |||||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 36.2 | 37.5 | 35.9 | 35.8 | 31.0 | 37.2 | 35.0 | 36.3 | 33.8 | 19.7 | 13.3 | 9.9 | 5.5 |
| Depreciation & Amortization | - | 4.1 | 4.7 | 4.4 | 6.2 | 5.2 | 3.8 | 2.8 | 2.1 | 1.6 | 0.6 | 0.6 | 0.2 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 163.9 | 172.2 | 163.3 | 128.0 | 91.7 | 111.0 | 143.7 | 156.1 | 98.7 | 82.0 | 55.5 | 37.6 | 14.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 9.8 |
| 1.9 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 10.9 | 12.3 | 19.0 | 11.7 | 4.4 | 2.4 | 9.4 | 8.1 | 2.6 | 1.2 | 1.2 | (9.4) | (2.0) |
| Pre-Tax Income | (116.5) | (119.6) | (64.3) | 133.7 | (46.4) | (71.2) | 36.7 | (43.6) | (88.5) | (70.7) | (40.1) | (29.7) | (16.3) |
| (116.6) |
| (119.7) |
| (65.0) |
| 132.3 |
| (46.4) |
| (71.2) |
| 36.7 |
| (43.6) |
| (88.3) |
| (70.7) |
| (40.2) |
| (29.7) |
| (16.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (116.6) | (119.7) | (65.0) | 132.3 | (46.4) | (71.2) | 36.7 | (43.6) | (88.3) | (70.7) | (40.2) | (29.7) | (16.3) |
| Net Income Attributable To Parent | (116.6) | (119.7) | (65.0) | 132.3 | (46.4) | (71.2) | 36.7 | (43.6) | (88.3) | (70.7) | (40.2) | (29.7) | (16.3) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | 1.2 | - |
| Net Income To Common Shareholders | (116.6) | (119.7) | (65.0) | 132.3 | (46.4) | (71.2) | 36.7 | (43.6) | (88.3) | (70.7) | (40.2) | (38.3) | (17.7) |
| (2.04) |
| (1.13) |
| 2.97 |
| (1.21) |
| (1.89) |
| 0.98 |
| (1.21) |
| (2.75) |
| - |
| - |
| - |
| - |
| Shares Basic | 59.5 | 58.7 | 57.7 | 43.0 | 38.4 | 37.7 | 37.1 | 35.9 | 32.1 | - | - | - | - |
| Shares Diluted | 59.5 | 58.7 | 57.7 | 44.6 | 38.4 | 37.7 | 37.3 | 35.9 | 32.1 | - | - | - | - |
| (131.8) |
| (83.3) |
| 122.0 |
| (50.8) |
| (73.6) |
| 27.4 |
| (51.7) |
| (91.1) |
| (71.9) |
| (41.3) |
| (20.3) |
| (14.4) |
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| - |
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| - |
| - |
| - |
| - |
| - |
| - |
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| - |
| - |
| - |
| 8.4 |
| 8.7 |
| 10.4 |
| 9.7 |
| 8.3 |
| 8.3 |
| 8.2 |
| 10.2 |
| 9.9 |
| 8.5 |
| 8.3 |
| 9.7 |
| 8.3 |
| 6.6 |
| 11.8 |
| 7.2 |
| 5.4 |
| 4.9 |
| 4.5 |
| 4.9 |
| 3.5 |
| 3.4 |
| 2.9 |
| 2.8 |
| - |
| - |
| - |
| 1.3 |
| - |
| - |
| - |
| 0.8 |
| - |
| - |
| - |
| 0.6 |
| - |
| - |
| - |
| 0.5 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
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| - |
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| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 22.0 |
| 22.4 |
| 26.6 |
| 29.9 |
| 32.1 |
| 30.3 |
| 33.3 |
| 37.7 |
| 42.5 |
| 46.4 |
| 38.2 |
| 36.9 |
| 34.5 |
| 25.2 |
| 23.2 |
| 28.3 |
| 22.0 |
| 18.7 |
| 24.5 |
| 19.8 |
| 19.0 |
| 16.2 |
| 13.7 |
| 13.3 |
| - |
| - |
| - |
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| - |
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| - |
| - |
| - |
| 0.0 |
| 0.0 |
| (1.5) |
| 3.9 |
| 7.8 |
| 1.1 |
| 0.3 |
| 0.2 |
| 1.2 |
| 2.8 |
| 2.0 |
| 2.1 |
| 0.6 |
| 0.9 |
| 0.2 |
| 1.0 |
| 0.6 |
| 0.0 |
| (0.0) |
| 0.6 |
| (0.5) |
| 1.1 |
| 0.3 |
| (21.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (12.6) |
| (15.0) |
| 11.2 |
| (27.2) |
| (22.5) |
| (20.3) |
| (25.5) |
| (20.1) |
| (11.8) |
| (23.3) |
| (18.7) |
| (16.9) |
| (14.3) |
| (9.3) |
| (9.3) |
| 5.7 |
| (25.1) |
| (30.1) |
| (21.6) |
| (15.9) |
| 85.6 |
| (8.7) |
| (24.3) |
| (12.6) |
| (15.0) |
| 11.2 |
| (27.2) |
| (22.5) |
| (20.3) |
| (25.5) |
| (19.9) |
| (11.8) |
| (23.3) |
| (18.9) |
| (16.6) |
| (14.7) |
| (9.0) |
| (9.3) |
| - |
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| - |
| - |
| 5.7 |
| (25.1) |
| (30.1) |
| (21.6) |
| (15.9) |
| 85.6 |
| (8.7) |
| (24.3) |
| (12.6) |
| (15.0) |
| 11.2 |
| (27.2) |
| (22.5) |
| (20.3) |
| (25.5) |
| (19.9) |
| (11.8) |
| (23.3) |
| (18.9) |
| (16.6) |
| (14.7) |
| (9.0) |
| (9.3) |
| (21.3) |
| 5.7 |
| (25.1) |
| (30.1) |
| (21.6) |
| (15.9) |
| 85.6 |
| (8.7) |
| (24.3) |
| (12.6) |
| (15.0) |
| 11.2 |
| (27.2) |
| (22.5) |
| (20.3) |
| (25.5) |
| (19.9) |
| (11.8) |
| (23.3) |
| (18.9) |
| (16.6) |
| (14.7) |
| (9.0) |
| (9.3) |
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| - |
| - |
| - |
| - |
| - |
| - |
| (19.1) |
| (21.3) |
| 5.7 |
| (25.1) |
| (30.1) |
| (21.6) |
| (15.9) |
| 85.6 |
| (8.7) |
| (24.3) |
| (12.6) |
| (15.0) |
| 11.2 |
| (27.2) |
| (22.5) |
| (20.3) |
| (25.5) |
| (19.9) |
| (11.8) |
| (23.3) |
| (18.9) |
| (16.6) |
| (14.7) |
| (9.0) |
| (9.3) |
| (0.67) |
| (0.80) |
| (0.58) |
| - |
| 2.27 |
| (0.23) |
| - |
| - |
| (0.41) |
| 0.29 |
| - |
| - |
| - |
| (0.80) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 37.8 |
| 37.6 |
| 37.5 |
| - |
| 37.2 |
| 37.0 |
| - |
| - |
| 36.7 |
| 36.6 |
| - |
| - |
| - |
| 32.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 37.8 |
| 37.6 |
| 37.5 |
| - |
| 37.7 |
| 37.0 |
| - |
| - |
| 36.7 |
| 37.9 |
| - |
| - |
| - |
| 32.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (28.6) |
| (25.6) |
| (23.7) |
| 84.5 |
| (9.0) |
| (24.4) |
| (13.8) |
| (17.8) |
| 9.2 |
| (29.3) |
| (23.2) |
| (21.1) |
| (25.7) |
| (21.1) |
| (12.3) |
| (23.4) |
| (18.6) |
| (17.5) |
| (13.8) |
| (10.4) |
| (9.6) |