| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||||
| Revenues | 2.5 | 2.3 | 1.6 | 1.7 | 0.9 | 1.5 | 0.6 | 0.6 | 0.0 | - | 0.0 | 0.0 | - | - | - | - | |||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | 8.1 | 6.5 | 2.6 | 0.0 | 0.0 | 0.0 | 3.0 | 0.0 | 0.0 | - | - |
| Cost of Revenue | 1.6 | 5.8 | 0.8 | 0.0 | 0.0 | - | - | - | - | - | - |
| Gross Profit | 6.5 | 0.7 | 1.8 | 0.0 | 0.0 | - | - | - | - | - | - |
| Operating Expenses | |||||||||||
| Research & Development | 69.7 | 72.7 | 81.6 | 72.0 | 61.1 | 50.6 | 41.9 | 30.2 | 20.3 | 17.1 | 17.8 |
| Selling General & Administrative | - | - | |||||||||
| Operating Income | |||||||||||
| Operating Income | (97.7) | (86.9) | (36.4) | (107.5) | (87.6) | (85.1) | (59.9) | (51.7) | (29.1) | (22.2) | (24.3) |
| Non-Operating | |||||||||||
| Interest Income | 5.7 | 4.6 | 5.8 | 4.6 | 0.2 | 0.0 | 0.3 | 1.2 | 0.2 | 0.1 | - |
| Interest Expense | 8.8 | 8.9 | 8.8 | ||||||||
| Tax & Net | |||||||||||
| Income Tax Expense | 0.0 | 0.0 | 0.3 | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | - | - |
| Net Income From Continuing Ops | (99.7) | (79.2) | |||||||||
| Per Share | |||||||||||
| EPS Basic | (0.79) | (1.87) | (5.59) | (17.07) | (1.52) | (3.99) | (3.09) | - | - | - | - |
| EPS Diluted | (0.79) | (1.87) | (5.59) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | - | (85.6) | (35.6) | (107.1) | (87.1) | (84.6) | (59.5) | (51.6) | (29.0) | (22.2) | (24.1) |
| EBIT | (97.7) | (86.9) | (36.4) | ||||||||
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 3.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | 0.6 | 0.4 | 0.4 | 0.3 | 4.7 | 0.3 | 0.2 | 0.3 | 0.0 | - | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 1.9 | 1.9 | 1.2 | 1.4 | (3.8) | 1.2 | 0.3 | 0.3 | 0.0 | - | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| Research & Development | 15.5 | 18.5 | 17.3 | 18.4 | 18.5 | 21.7 | 19.2 | 20.9 | 19.9 | 15.3 | 19.1 | 15.6 | 22.1 | 19.0 | 14.1 | 13.8 | 14.1 | 12.2 | 13.2 | 13.2 | 12.1 | 12.3 | 11.4 | 9.3 | 8.9 | 7.1 | 8.6 | 8.9 | 5.7 | 4.7 | 6.2 | 4.8 | 4.7 | (1.8) | 10.6 | 3.9 | 4.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| General & Administrative | 7.0 | 7.4 | 11.6 | 9.5 | 15.0 | 15.1 | 15.7 | 13.3 | 17.4 | 9.9 | 8.1 | 10.2 | 7.2 | 6.6 | 6.0 | 6.7 | 7.7 | ||||||||||||||||||||
| Depreciation & Amortization | 0.2 | - | - | - | 0.5 | - | - | - | 0.1 | - | - | - | 0.1 | - | - | - | |||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | 0.2 | 0.1 | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Total Operating Expenses | - | - | - | - | - | - | - | - | 37.3 | 25.2 | 27.2 | 25.8 | 29.3 | 25.6 | 20.2 | 20.6 | |||||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (20.3) | (23.7) | (27.5) | (26.2) | (9.4) | (35.7) | (34.5) | 71.1 | (37.3) | (25.2) | (27.2) | (25.8) | (29.3) | (25.6) | (20.2) | (20.6) | (21.3) | (29.1) | (19.1) | (19.0) | (17.9) | (17.7) | (17.0) | (14.7) | (10.6) | (10.9) | (17.0) | (13.4) | (10.4) | (8.1) | (8.5) | (6.4) | (6.1) | 2.3 | (13.1) | (5.6) | (5.8) |
| Non-Operating | |||||||||||||||||||||||||||||||||||||
| Interest Income | 2.1 | 2.0 | 0.9 | 0.7 | 1.0 | 1.3 | 1.9 | 1.6 | 1.1 | 1.4 | 1.4 | 0.9 | 0.8 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.3 | 0.3 | 0.5 | 0.4 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | - | 0.1 | - | - |
| Interest Expense | 2.1 | 2.2 | 2.3 | 2.2 | 2.2 | 2.3 | 2.4 | 2.2 | 1.9 | 1.9 | 1.6 | 1.1 | 1.1 | 1.1 | 1.0 | 0.9 | 0.9 | 0.9 | |||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Other Non-Operating Income | 0.1 | (0.2) | (2.3) | 0.5 | 9.8 | (3.8) | (2.2) | 19.7 | (14.5) | 6.1 | 24.9 | (29.9) | 5.3 | (3.5) | (1.4) | (0.6) | (0.7) | ||||||||||||||||||||
| Pre-Tax Income | (20.2) | (23.9) | (29.8) | (25.7) | 0.3 | (39.6) | (36.7) | 90.9 | (51.7) | (19.1) | (2.3) | (55.7) | (24.0) | (29.1) | (21.6) | (21.2) | |||||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.3 | 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 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (20.2) | (23.9) | (29.8) | (25.7) | 0.3 | (39.8) | (36.7) | 90.8 | (51.8) | (19.1) | (2.3) | (55.7) | (24.0) | (29.1) | (21.6) | (21.2) | (22.0) | ||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income | (20.2) | (23.9) | (29.8) | (25.7) | 0.3 | (39.8) | (36.7) | 90.8 | (51.8) | (19.1) | (2.3) | (55.7) | (24.0) | (29.1) | (21.6) | (21.2) | (22.0) | ||||||||||||||||||||
| Net Income Attributable To Parent | (20.2) | (23.9) | (29.8) | (25.7) | 0.3 | (39.8) | (36.7) | 90.8 | (51.8) | (19.1) | (2.3) | (55.7) | (24.0) | (29.1) | (21.6) | (21.2) | |||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||
| Net Income To Common Shareholders | (20.2) | (23.9) | (29.8) | (25.7) | 0.3 | (39.8) | (36.7) | 90.8 | (51.8) | (19.1) | (2.3) | (55.7) | (24.0) | (29.1) | (21.9) | ||||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||||
| EPS Basic | (0.16) | - | (0.69) | (3.47) | 0.04 | - | (5.48) | 13.59 | (7.77) | - | (0.01) | (0.33) | (0.16) | - | (0.26) | (0.60) | (0.72) | - | (0.76) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.16) | - | (0.69) | (3.47) | 0.04 | - | (5.48) | 13.57 | (7.77) | - | (0.01) | (0.33) | (0.16) | - | (0.26) | (0.60) | (0.72) | - | |||||||||||||||||||
| Shares Basic | 126.3 | - | 43.3 | 7.4 | 6.8 | - | 6.7 | 6.7 | 6.7 | - | 197.0 | 168.7 | 146.0 | - | 83.2 | 35.4 | 33.7 | - | |||||||||||||||||||
| Shares Diluted | 126.3 | - | 43.3 | 7.4 | 6.9 | - | 6.7 | 6.7 | 6.7 | - | 197.0 | 168.7 | 146.0 | - | 83.2 | 35.4 | 33.7 | - | |||||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| EBITDA | (20.1) | - | - | - | (9.0) | - | - | - | (37.2) | - | - | - | (29.2) | - | - | - | (21.1) | - | - | - | (17.8) | - | - | - | (10.5) | - | - | - | (10.4) | - | - | - | (6.1) | - | - | - | (5.8) |
| EBIT | (20.3) | (23.7) | (27.5) | (26.2) | (9.4) | (35.7) | (34.5) | 71.1 | (37.3) | (25.2) | (27.2) | (25.8) | (29.3) | (25.6) | (20.2) | (20.6) | (21.3) | (29.1) | (19.1) | ||||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | 35.5 | 43.5 | 61.5 | 35.5 | 27.0 | 24.7 | 20.9 | 17.6 | 8.7 | 5.2 | 6.5 |
| Depreciation & Amortization | - | 1.3 | 0.8 | 0.4 | 0.5 | 0.5 | 0.4 | 0.1 | 0.1 | 0.1 | 0.3 |
| Amortization of Intangibles | - | - | 0.5 | 0.0 | 0.0 | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | 39.0 | 107.5 | 87.6 | 85.1 | 62.9 | 51.7 | 29.1 | 22.2 | 24.3 |
| 5.8 |
| 4.0 |
| 3.6 |
| 2.7 |
| 2.1 |
| 0.7 |
| 0.5 |
| 2.5 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (2.0) | 7.7 | (0.7) | 6.4 | (6.3) | (3.6) | (2.1) | (1.1) | (4.2) | 0.3 | 1.4 |
| Pre-Tax Income | (99.7) | (79.2) | (37.1) | (101.1) | (93.8) | (88.7) | (62.0) | (52.8) | (33.3) | (22.0) | (23.0) |
| (37.5) |
| (101.2) |
| (93.9) |
| (88.7) |
| (62.1) |
| (52.8) |
| (33.3) |
| (22.0) |
| (23.0) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (99.7) | (79.2) | (37.5) | (101.2) | (93.9) | (88.7) | (62.1) | (52.8) | (33.3) | (22.0) | (23.0) |
| Net Income Attributable To Parent | (99.7) | (79.2) | (37.5) | (101.2) | (93.9) | (88.7) | (62.1) | (52.8) | (33.3) | (22.0) | (23.0) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (99.7) | (79.2) | (37.5) | (101.2) | (96.4) | (102.6) | (62.1) | (53.4) | (36.3) | (25.0) | (23.0) |
| (17.07) |
| (1.52) |
| (3.99) |
| (3.09) |
| - |
| - |
| - |
| - |
| Shares Basic | 126.3 | 42.3 | 6.7 | 5.9 | 63.5 | 25.7 | 20.1 | - | - | - | - |
| Shares Diluted | 126.3 | 42.3 | 6.7 | 5.9 | 63.5 | 25.7 | 20.1 | - | - | - | - |
| (107.5) |
| (87.6) |
| (85.1) |
| (59.9) |
| (51.7) |
| (29.1) |
| (22.2) |
| (24.3) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.1 |
| 5.9 |
| 5.8 |
| 5.8 |
| 5.4 |
| 5.6 |
| 5.3 |
| 4.7 |
| 3.9 |
| 4.4 |
| 4.6 |
| 4.8 |
| 3.4 |
| 2.4 |
| 1.6 |
| 1.4 |
| (0.4) |
| 2.5 |
| 1.7 |
| 1.4 |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 21.3 |
| 29.1 |
| 19.1 |
| 19.0 |
| 17.9 |
| 17.7 |
| 17.0 |
| 14.7 |
| 13.6 |
| 10.9 |
| 17.0 |
| 13.4 |
| 10.4 |
| 8.1 |
| 8.5 |
| 6.4 |
| 6.1 |
| (2.3) |
| 13.1 |
| 5.6 |
| 5.8 |
| 0.9 |
| 0.9 |
| 0.9 |
| 0.7 |
| 0.7 |
| 0.7 |
| 0.6 |
| 0.5 |
| 0.7 |
| 0.5 |
| 0.4 |
| 0.2 |
| 0.1 |
| 0.2 |
| 0.2 |
| (1.3) |
| 0.3 |
| 0.4 |
| 1.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.1) |
| (1.1) |
| (0.6) |
| (0.7) |
| (0.7) |
| (0.5) |
| (0.5) |
| (0.4) |
| 0.0 |
| (0.7) |
| 0.0 |
| (0.4) |
| (3.2) |
| (0.1) |
| 0.3 |
| (1.3) |
| (1.6) |
| 1.5 |
| (0.1) |
| 0.4 |
| (21.9) |
| (30.2) |
| (20.2) |
| (19.6) |
| (18.7) |
| (18.4) |
| (17.4) |
| (15.1) |
| (11.0) |
| (10.8) |
| (17.7) |
| (13.4) |
| (10.9) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (30.2) |
| (20.2) |
| (19.6) |
| (18.7) |
| (18.4) |
| (17.4) |
| (15.1) |
| (11.1) |
| (32.6) |
| (17.7) |
| (13.4) |
| 10.9 |
| (26.0) |
| (8.6) |
| (6.0) |
| 7.4 |
| 0.7 |
| (11.6) |
| (5.7) |
| (5.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (30.2) |
| (20.2) |
| (19.6) |
| (18.7) |
| (18.4) |
| (17.4) |
| (15.1) |
| (11.1) |
| (32.6) |
| (17.7) |
| (13.4) |
| 10.9 |
| (26.0) |
| (8.6) |
| (6.0) |
| 7.4 |
| 0.7 |
| (11.6) |
| (5.7) |
| (5.4) |
| (22.0) |
| (30.2) |
| (20.2) |
| (19.6) |
| (18.7) |
| (18.4) |
| (17.4) |
| (15.1) |
| (11.1) |
| (10.8) |
| (17.7) |
| (13.4) |
| (10.9) |
| (11.3) |
| (8.6) |
| (6.0) |
| (7.4) |
| 0.7 |
| (11.6) |
| (5.7) |
| (5.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (21.2) |
| (24.2) |
| (35.9) |
| (20.2) |
| (19.6) |
| (26.9) |
| (18.4) |
| (17.4) |
| (15.1) |
| (11.1) |
| (10.8) |
| (17.7) |
| (13.4) |
| (11.5) |
| (12.0) |
| (9.4) |
| (6.8) |
| (8.1) |
| (2.3) |
| (11.6) |
| (5.7) |
| (5.4) |
| (0.76) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 26.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 26.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (19.0) |
| (17.9) |
| (17.7) |
| (17.0) |
| (14.7) |
| (10.6) |
| (10.9) |
| (17.0) |
| (13.4) |
| (10.4) |
| (8.1) |
| (8.5) |
| (6.4) |
| (6.1) |
| 2.3 |
| (13.1) |
| (5.6) |
| (5.8) |