| (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 | 38.2 | - | - | 8.7 | 9.2 | - | - | 19.7 | 12.5 | 29.1 | 49.2 | 22.1 | 12.9 | 1.2 | 0.3 | 0.4 | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||
| Revenues | - | 42.7 | 108.3 | 113.3 | 3.6 | 41.0 | 20.1 | 16.0 | 14.4 | 3.7 | 1.5 | 0.2 | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||
| Research & Development | 189.6 | 182.8 | 159.7 | 130.0 | 115.9 | 121.9 | 130.9 | 175.4 | 134.4 | 79.3 | 40.8 | 9.1 | 2.4 | 1.9 |
| Operating Income | ||||||||||||||
| Operating Income | (196.9) | (215.4) | (110.4) | (68.0) | (162.7) | (127.0) | (153.4) | (208.3) | (159.5) | (102.4) | (55.7) | (19.3) | (5.4) | (3.6) |
| Non-Operating | ||||||||||||||
| Interest Income | 12.9 | 10.5 | 10.2 | 7.9 | 1.6 | 0.0 | 0.6 | - | - | - | - | - | - | - |
| Interest Expense | ||||||||||||||
| Tax & Net | ||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | (0.7) | 0.7 | (0.2) | (0.8) | 0.0 | 0.1 | 0.8 | 0.5 | 0.0 | 0.1 | (0.3) |
| Net Income From Continuing Ops | ||||||||||||||
| Per Share | ||||||||||||||
| EPS Basic | (0.92) | (1.21) | (0.70) | (0.54) | (2.05) | (2.36) | - | - | - | - | - | - | - | - |
| EPS Diluted | ||||||||||||||
| Supplementary Data | ||||||||||||||
| EBITDA | - | (211.9) | (106.5) | (63.0) | (156.1) | (119.5) | (145.3) | (200.7) | (153.9) | (100.2) | (54.9) | (18.7) | (5.1) | (3.3) |
| EBIT | ||||||||||||||
| 1.8 |
| - |
| 36.4 |
| 2.8 |
| - |
| 9.4 |
| 3.5 |
| 3.0 |
| 4.2 |
| 2.4 |
| 2.9 |
| 7.6 |
| 3.0 |
| 3.6 |
| 4.5 |
| 4.9 |
| 1.4 |
| 2.0 |
| 0.7 |
| 0.7 |
| 0.4 |
| - |
| 0.4 |
| 0.4 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | 47.4 | 52.8 | 45.9 | 43.5 | 40.6 | 44.6 | 41.2 | 40.4 | 33.4 | 34.1 | 31.6 | 33.3 | 31.0 | 31.1 | 27.6 | 29.7 | 27.5 | 25.8 | 31.1 | 31.6 | 33.4 | 30.0 | 28.3 | 31.5 | 41.2 | 49.1 | 44.6 | 41.6 | 40.1 | 39.8 | 32.9 | 32.5 | 29.2 | 25.4 | 20.1 | 19.1 | 14.7 | 14.0 | 13.7 | 8.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | 22.1 | 20.9 | 18.1 | 18.0 | 18.4 | 16.1 | 15.0 | 14.3 | 13.5 | 13.7 | 13.1 | 12.3 | 12.2 | 13.7 | 11.6 | 12.8 | 12.4 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.8 | - | - | - | 0.9 | - | - | - | 1.0 | - | - | - | 1.4 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 69.5 | 73.7 | 64.0 | 61.5 | 59.0 | 60.8 | 56.2 | 54.7 | 47.0 | 47.7 | 44.8 | 45.6 | 43.2 | 44.8 | 39.2 | 42.5 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (31.3) | (56.5) | (56.4) | (52.8) | (49.8) | 23.0 | (63.9) | (35.0) | (34.5) | (18.7) | 4.4 | (23.5) | (30.3) | (43.6) | (38.9) | (42.2) | (38.1) | (36.1) | (7.6) | (39.8) | (43.5) | (30.3) | (34.4) | (38.7) | (50.0) | (60.5) | (54.2) | (45.6) | (48.0) | (48.9) | (38.2) | (36.6) | (35.8) | (31.2) | (26.4) | (24.7) | (20.2) | (18.9) | (17.2) | (11.6) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 5.3 | 3.1 | 2.2 | 2.4 | 2.9 | 3.7 | 1.8 | 2.1 | 2.5 | 1.8 | 2.0 | 2.3 | 1.9 | 0.8 | 0.6 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.4 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | 5.2 | 3.3 | 2.5 | 2.3 | 2.9 | 6.3 | 2.1 | 2.1 | 2.9 | 2.4 | 2.1 | 2.4 | 2.9 | 0.5 | (0.1) | 0.9 | 0.3 | |||||||||||||||||||||||
| Pre-Tax Income | (26.1) | (53.2) | (53.9) | (50.5) | (46.9) | 29.3 | (61.8) | (32.9) | (31.6) | (16.3) | 6.6 | (21.1) | (27.4) | (43.0) | (39.0) | (41.3) | ||||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.7) | 0.0 | 0.0 | 0.7 | 0.0 | 0.0 | 0.0 | (0.2) | 0.0 | 0.0 | 0.0 | (0.8) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | 0.0 | 0.2 | (0.2) | (0.4) | 0.3 | 1.1 | 0.1 | 0.4 | 0.0 |
| Net Income From Continuing Ops | (26.1) | (53.2) | (53.9) | (50.5) | (46.9) | 29.3 | (61.8) | (32.9) | (31.6) | (16.3) | 7.3 | (21.1) | (27.4) | (43.7) | (39.0) | (41.3) | (37.8) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (26.1) | (53.2) | (53.9) | (50.5) | (46.9) | 29.3 | (61.8) | (32.9) | (31.6) | (16.3) | 7.3 | (21.1) | (27.4) | (43.7) | (39.0) | (41.3) | (37.8) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (26.1) | (53.2) | (53.9) | (50.5) | (46.9) | 29.3 | (61.8) | (32.9) | (31.6) | (16.3) | 7.3 | (21.1) | (27.4) | (43.7) | (39.0) | (41.3) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (26.1) | (53.2) | (53.9) | (50.5) | (46.9) | 29.3 | (61.8) | (32.9) | (31.6) | (16.3) | 7.3 | (21.1) | (27.4) | (43.7) | (39.0) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.13) | - | (0.32) | (0.31) | (0.29) | - | (0.47) | (0.25) | (0.24) | - | 0.07 | (0.20) | (0.27) | - | (0.42) | (0.62) | (0.62) | - | (0.12) | (0.78) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.13) | - | (0.32) | (0.31) | (0.29) | - | (0.47) | (0.25) | (0.24) | - | 0.07 | (0.20) | (0.27) | - | (0.42) | (0.62) | (0.62) | - | ||||||||||||||||||||||
| Shares Basic | 200.2 | - | 167.7 | 164.0 | 162.6 | - | 132.6 | 129.5 | 129.3 | - | 106.0 | 105.5 | 102.1 | - | 93.9 | 66.5 | 60.5 | - | ||||||||||||||||||||||
| Shares Diluted | 200.2 | - | 167.7 | 164.0 | 162.6 | - | 132.6 | 129.5 | 129.3 | - | 107.0 | 105.5 | 102.1 | - | 93.9 | 66.5 | 60.5 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (30.5) | - | - | - | (48.9) | - | - | - | (33.4) | - | - | - | (28.9) | - | - | - | (36.4) | - | - | - | (41.5) | - | - | - | (48.0) | - | - | - | (46.2) | - | - | - | (34.6) | - | - | - | (19.9) | - | - | - |
| EBIT | (31.3) | (56.5) | (56.4) | (52.8) | (49.8) | 23.0 | (63.9) | (35.0) | (34.5) | (18.7) | 4.4 | (23.5) | (30.3) | (43.6) | (38.9) | (42.2) | (38.1) | (36.1) | (7.6) | |||||||||||||||||||||
| Selling General & Administrative |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 79.1 | 75.3 | 59.0 | 51.3 | 50.5 | 46.1 | 42.5 | 48.9 | 39.5 | 27.0 | 16.0 | 10.4 | 3.0 | 1.7 |
| Depreciation & Amortization | - | 3.4 | 3.9 | 5.0 | 6.6 | 7.5 | 8.1 | 7.6 | 5.6 | 2.2 | 0.8 | 0.6 | 0.3 | 0.3 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 268.7 | 258.1 | 218.7 | 181.3 | 166.4 | 168.0 | 173.5 | 224.3 | 173.9 | 106.3 | 56.8 | 19.5 | 5.4 | 3.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 13.3 | 11.0 | 13.4 | 9.8 | 1.6 | 4.6 | 2.6 | 14.7 | 12.9 | 1.3 | 0.5 | 0.1 | 0.2 | (0.1) |
| Pre-Tax Income | (183.6) | (204.4) | (97.0) | (58.2) | (161.1) | (122.4) | (150.8) | (193.6) | (146.6) | (101.1) | (55.2) | (19.2) | (5.1) | (3.6) |
| (183.6) |
| (204.4) |
| (97.0) |
| (57.5) |
| (161.8) |
| (122.2) |
| (149.9) |
| (193.6) |
| (146.7) |
| (102.0) |
| (55.7) |
| (19.2) |
| (5.2) |
| (3.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (183.6) | (204.4) | (97.0) | (57.5) | (161.8) | (122.2) | (149.9) | (193.6) | (146.7) | (102.0) | (55.7) | (19.2) | (5.2) | (3.3) |
| Net Income Attributable To Parent | (183.6) | (204.4) | (97.0) | (57.5) | (161.8) | (122.2) | (149.9) | (193.6) | (146.7) | (102.0) | (55.7) | (19.2) | (5.2) | (3.3) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (183.6) | (204.4) | (97.0) | (57.5) | (161.8) | (122.2) | (149.9) | (193.6) | (146.7) | (102.0) | (55.7) | (19.2) | (5.2) | (3.3) |
| (0.92) |
| (1.21) |
| (0.70) |
| (0.54) |
| (2.05) |
| (2.36) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Shares Basic | 200.2 | 168.6 | 138.3 | 106.1 | 78.9 | 51.8 | - | - | - | - | - | - | - | - |
| Shares Diluted | 200.2 | 168.6 | 138.3 | 106.1 | 78.9 | 51.8 | - | - | - | - | - | - | - | - |
| (196.9) |
| (215.4) |
| (110.4) |
| (68.0) |
| (162.7) |
| (127.0) |
| (153.4) |
| (208.3) |
| (159.5) |
| (102.4) |
| (55.7) |
| (19.3) |
| (5.4) |
| (3.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 12.1 |
| 12.9 |
| 11.0 |
| 10.1 |
| 9.7 |
| 9.6 |
| 10.2 |
| 13.0 |
| 13.8 |
| 12.5 |
| 11.6 |
| 10.9 |
| 12.8 |
| 9.8 |
| 8.9 |
| 8.0 |
| 6.9 |
| 7.6 |
| 6.7 |
| 5.9 |
| 5.2 |
| 3.9 |
| 3.7 |
| 1.7 |
| - |
| - |
| - |
| 1.9 |
| - |
| - |
| - |
| 2.0 |
| - |
| - |
| - |
| 1.8 |
| - |
| - |
| - |
| 1.2 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 39.8 |
| 37.9 |
| 44.0 |
| 42.6 |
| 43.5 |
| 39.8 |
| 37.9 |
| 41.7 |
| 54.2 |
| 62.9 |
| 57.1 |
| 53.2 |
| 51.0 |
| 52.6 |
| 42.7 |
| 41.5 |
| 37.2 |
| 32.3 |
| 27.7 |
| 25.8 |
| 20.6 |
| 19.2 |
| 17.6 |
| 12.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.1 |
| 1.4 |
| 1.1 |
| 1.0 |
| 0.7 |
| 1.3 |
| (1.9) |
| 2.5 |
| 3.8 |
| 3.5 |
| 3.7 |
| 3.8 |
| 11.0 |
| 0.6 |
| 0.7 |
| 0.7 |
| 0.2 |
| 0.4 |
| 0.4 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| (37.8) |
| (35.0) |
| (6.2) |
| (38.8) |
| (42.5) |
| (29.6) |
| (33.1) |
| (40.5) |
| (47.5) |
| (56.8) |
| (50.7) |
| (41.9) |
| (44.2) |
| (38.0) |
| (37.6) |
| (35.9) |
| (35.1) |
| (31.0) |
| (25.9) |
| (24.3) |
| (20.0) |
| (18.7) |
| (17.2) |
| (11.5) |
| (34.8) |
| (6.2) |
| (38.8) |
| (42.5) |
| (28.8) |
| (33.1) |
| (40.5) |
| (47.5) |
| (56.8) |
| (50.7) |
| (41.9) |
| (44.2) |
| (37.9) |
| (37.6) |
| (35.9) |
| (35.2) |
| (30.8) |
| (25.5) |
| (24.6) |
| (21.1) |
| (18.7) |
| (17.5) |
| (11.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (34.8) |
| (6.2) |
| (38.8) |
| (42.5) |
| (28.8) |
| (33.1) |
| (40.5) |
| (47.5) |
| (56.8) |
| (50.7) |
| (41.9) |
| (44.2) |
| (37.9) |
| (37.6) |
| (35.9) |
| (35.2) |
| (30.8) |
| (25.5) |
| (24.6) |
| (21.1) |
| (18.7) |
| (17.5) |
| (11.6) |
| (37.8) |
| (34.8) |
| (6.2) |
| (38.8) |
| (42.5) |
| (28.8) |
| (33.1) |
| (40.5) |
| (47.5) |
| (56.8) |
| (50.7) |
| (41.9) |
| (44.2) |
| (37.9) |
| (37.6) |
| (35.9) |
| (35.2) |
| (30.8) |
| (25.5) |
| (24.6) |
| (21.1) |
| (18.7) |
| (17.5) |
| (11.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (41.3) |
| (37.8) |
| (34.8) |
| (6.2) |
| (38.8) |
| (42.5) |
| (28.8) |
| (33.1) |
| (40.5) |
| (47.5) |
| (56.8) |
| (50.7) |
| (41.9) |
| (44.2) |
| (37.9) |
| (37.6) |
| (35.9) |
| (35.2) |
| (30.8) |
| (25.5) |
| (24.6) |
| (21.1) |
| (18.7) |
| (17.5) |
| (11.6) |
| (0.12) |
| (0.78) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 50.7 |
| 50.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 50.7 |
| 50.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (39.8) |
| (43.5) |
| (30.3) |
| (34.4) |
| (38.7) |
| (50.0) |
| (60.5) |
| (54.2) |
| (45.6) |
| (48.0) |
| (48.9) |
| (38.2) |
| (36.6) |
| (35.8) |
| (31.2) |
| (26.4) |
| (24.7) |
| (20.2) |
| (18.9) |
| (17.2) |
| (11.6) |