| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||
| Revenues | 11.2 | 5.2 | 16.5 | 18.4 | 5.9 | 11.5 | 15.8 | 15.5 | 13.2 | 18.4 | 16.7 | 4.8 | 4.7 | 8.6 | 11.0 | 9.8 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 51.3 | 46.0 | 56.0 | 44.5 | 36.4 | 5.0 | 2.6 |
| Cost of Revenue | 45.5 | 43.3 | 52.0 | 45.8 | 66.4 | 7.4 | 2.3 |
| Gross Profit | 5.8 | 2.7 | 4.0 | (1.3) | (30.0) | (2.4) | 0.3 |
| Operating Expenses | |||||||
| Research & Development | 8.1 | 8.0 | 10.6 | 19.6 | 30.7 | 20.1 | 7.0 |
| Selling General & Administrative | - | - | - | - | - | - | |
| Operating Income | |||||||
| Operating Income | (28.5) | (33.1) | (45.9) | (65.0) | (111.3) | (53.2) | (11.9) |
| Non-Operating | |||||||
| Interest Income | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - |
| Tax & Net | |||||||
| Income Tax Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (20.1) | (25.3) | (50.2) | (75.8) | (73.3) | 23.4 | |
| Per Share | |||||||
| EPS Basic | (1.74) | (2.71) | (6.69) | (13.11) | (13.31) | 0.22 | (0.23) |
| EPS Diluted | (1.74) | (2.71) | (6.69) | (13.11) | (13.32) | 0.22 | (0.23) |
| Supplementary Data | |||||||
| EBITDA | (26.2) | (30.9) | (42.6) | (61.7) | (109.2) | (52.5) | (11.6) |
| EBIT | (28.5) | (33.1) | (45.9) | (65.0) | (111.3) | (53.2) | (11.9) |
| 7.0 |
| 3.3 |
| 0.4 |
| 0.6 |
| 0.8 |
| - |
| 1.1 |
| - |
| - |
| Cost of Revenue | 6.9 | 7.9 | 14.0 | 16.8 | 4.7 | 15.2 | 12.9 | 13.5 | 10.4 | 17.0 | 14.7 | 8.5 | 5.6 | 16.5 | 21.8 | 15.1 | 13.0 | 5.7 | 0.4 | 0.6 | 0.7 | - | 1.2 | - | - |
| Gross Profit | 4.3 | (2.6) | 2.5 | 1.6 | 1.2 | (3.7) | 2.9 | 2.0 | 2.8 | 1.3 | 2.0 | (3.7) | (0.9) | (8.0) | (10.8) | (5.3) | (6.0) | (2.4) | (0.1) | 0.0 | 0.1 | - | (0.0) | - | - |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 2.0 | 1.9 | 2.1 | 2.1 | 1.9 | 1.9 | 2.6 | 3.0 | 3.1 | 4.1 | 4.5 | 5.2 | 5.7 | 7.5 | 8.6 | 7.6 | 6.9 | 5.5 | 7.6 | 4.6 | 2.4 | - | 0.7 | - | - |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | 0.9 | 0.7 | 1.0 | 0.7 | 0.7 | 0.9 | 1.0 | 1.2 | 1.0 | 1.3 | 1.5 | 1.8 | 1.8 | 2.2 | 2.3 | 3.0 | 2.0 | ||||||||
| General & Administrative | 6.1 | 4.5 | 6.5 | 5.9 | 7.9 | 8.1 | 8.9 | 9.2 | 9.0 | 7.7 | 8.5 | 9.8 | 11.6 | 8.2 | 9.5 | 12.1 | 11.3 | ||||||||
| Depreciation & Amortization | 0.6 | 0.6 | 0.5 | 0.6 | 0.5 | 0.7 | 0.8 | 0.9 | 0.9 | 0.0 | 1.9 | 0.4 | 1.0 | 1.0 | 0.5 | 0.3 | |||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 9.0 | 7.1 | 9.5 | 8.7 | 10.5 | 10.9 | 12.6 | 13.4 | 13.0 | 13.2 | 14.6 | 16.8 | 19.2 | 17.9 | 20.4 | 22.7 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (4.7) | (9.7) | (7.0) | (7.1) | (9.3) | (14.6) | (9.7) | (11.4) | (10.2) | (11.8) | (12.6) | (20.5) | (20.0) | (25.9) | (31.1) | (28.0) | (26.3) | (25.5) | (14.3) | (7.9) | (5.5) | - | (3.1) | - | - |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | (0.3) | (0.6) | (0.2) | (0.4) | (0.9) | (4.8) | (0.7) | 1.5 | (0.6) | (2.2) | (1.7) | (4.0) | (4.2) | (3.4) | (1.3) | (0.2) | 0.1 | ||||||||
| Pre-Tax Income | (4.9) | (9.8) | 2.1 | (7.5) | (10.2) | (19.0) | (10.5) | (9.7) | (11.0) | (13.8) | (14.1) | (23.6) | (24.3) | (19.7) | (20.0) | (9.6) | |||||||||
| 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 | 0.0 | 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 | (5.0) | (9.8) | 2.1 | (7.5) | (10.2) | (19.0) | (10.5) | (9.7) | (11.0) | (13.8) | (14.1) | (23.6) | (24.3) | (19.7) | (20.0) | (9.6) | (24.0) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | (5.0) | (9.8) | 2.1 | (7.5) | (10.2) | (19.0) | (10.5) | (9.7) | (11.0) | (13.8) | (14.1) | (23.6) | (24.3) | (19.7) | (20.0) | (9.6) | (24.0) | ||||||||
| Net Income Attributable To Parent | (5.0) | (9.8) | 2.1 | (7.5) | (10.2) | (19.0) | (10.5) | (9.7) | (11.0) | (13.8) | (14.1) | (23.6) | (24.3) | (19.7) | (20.0) | (9.6) | |||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | (5.0) | (9.8) | 2.1 | (7.5) | (10.2) | (19.0) | (10.5) | (9.7) | (11.0) | (13.8) | (14.1) | (23.6) | (24.3) | (19.7) | (20.0) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | (0.43) | - | 0.22 | (0.91) | (1.26) | - | (1.32) | (1.23) | (1.80) | - | (2.40) | (4.14) | (4.32) | - | (0.12) | (0.06) | (0.15) | - | 0.31 | (0.13) | (0.19) | - | (0.05) | - | - |
| EPS Diluted | (0.43) | - | 0.22 | (0.91) | (1.26) | - | (1.32) | (1.23) | (1.80) | - | (2.40) | (4.14) | (4.32) | - | (0.13) | (0.06) | (0.15) | - | |||||||
| Shares Basic | 11.6 | - | 9.7 | 8.3 | 8.1 | - | 8.0 | 7.9 | 6.1 | - | 5.9 | 5.7 | 5.6 | - | 165.9 | 164.0 | 163.2 | - | |||||||
| Shares Diluted | 11.6 | - | 9.8 | 8.3 | 8.1 | - | 8.0 | 7.9 | 6.1 | - | 5.9 | 5.7 | 5.6 | - | 174.1 | 164.0 | 163.2 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | (4.1) | (9.1) | (6.5) | (6.5) | (8.8) | (13.9) | (8.9) | (10.5) | (9.3) | (11.8) | (10.7) | (20.1) | (19.0) | (24.9) | (30.6) | (27.7) | (26.0) | (25.3) | (14.1) | (7.6) | (5.5) | - | (3.0) | - | - |
| EBIT | (4.7) | (9.7) | (7.0) | (7.1) | (9.3) | (14.6) | (9.7) | (11.4) | (10.2) | (11.8) | (12.6) | (20.5) | (20.0) | (25.9) | (31.1) | (28.0) | (26.3) | (25.5) | (14.3) | ||||||
| - |
| Selling & Marketing | 3.3 | 3.0 | 4.1 | 6.4 | 9.5 | 3.5 | 1.5 |
| General & Administrative | 23.0 | 24.8 | 35.1 | 37.7 | 41.1 | 27.2 | 3.6 |
| Depreciation & Amortization | 2.3 | 2.2 | 3.3 | 3.3 | 2.1 | 0.7 | 0.3 |
| Amortization of Intangibles | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 34.3 | 35.8 | 49.8 | 63.7 | 81.3 | 50.8 | 12.2 |
| Income From Equity Investments | - | - | - | - | - | - | - |
| Other Non-Operating Income | (1.6) | (2.1) | (4.6) | (12.0) | (4.8) | 0.0 | (3.3) |
| Pre-Tax Income | (20.1) | (25.3) | (50.1) | (75.8) | (73.3) | 23.4 | (16.7) |
| (16.7) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (20.1) | (25.3) | (50.2) | (75.8) | (73.3) | 23.4 | (16.7) |
| Net Income Attributable To Parent | (20.1) | (25.3) | (50.2) | (75.8) | (73.3) | 23.4 | (16.7) |
| Less: Minority Interest | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (20.1) | (25.3) | (50.2) | (75.8) | (73.3) | 23.4 | (16.7) |
| Shares Basic | 11.6 | 9.4 | 7.5 | 5.8 | 5.5 | 105.6 | 72.0 |
| Shares Diluted | 11.6 | 9.4 | 7.5 | 5.8 | 5.8 | 107.8 | 72.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (7.5) |
| 5.3 |
| 2.7 |
| 3.0 |
| - |
| 0.1 |
| - |
| - |
| 25.0 |
| 1.3 |
| 0.5 |
| 0.3 |
| - |
| 2.2 |
| - |
| - |
| 0.3 |
| 0.1 |
| 0.2 |
| 0.3 |
| 0.1 |
| - |
| 0.1 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 20.3 |
| 23.0 |
| 14.2 |
| 7.9 |
| 5.7 |
| - |
| 3.1 |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.9 |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| (49.1) |
| 49.2 |
| 0.1 |
| (0.2) |
| - |
| (0.9) |
| - |
| - |
| (24.0) |
| 11.5 |
| 34.9 |
| (9.2) |
| (13.9) |
| - |
| - |
| - |
| - |
| 1.6 |
| 34.9 |
| 0.7 |
| (13.9) |
| (7.6) |
| (4.0) |
| (3.8) |
| (1.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.6 |
| 34.9 |
| 0.7 |
| (13.9) |
| (7.6) |
| (4.0) |
| (3.8) |
| (1.2) |
| (24.0) |
| 11.5 |
| 34.9 |
| (9.2) |
| (13.9) |
| (7.6) |
| (4.0) |
| (3.8) |
| (1.2) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (9.6) |
| (24.0) |
| (11.5) |
| 34.9 |
| 0.0 |
| 0.0 |
| (7.6) |
| (4.0) |
| (3.8) |
| (1.2) |
| 0.30 |
| (0.13) |
| (0.19) |
| - |
| (0.05) |
| - |
| - |
| 113.8 |
| 72.4 |
| 72.4 |
| - |
| 72.3 |
| - |
| - |
| 115.9 |
| 72.4 |
| 72.4 |
| - |
| 72.3 |
| - |
| - |
| (7.9) |
| (5.5) |
| - |
| (3.1) |
| - |
| - |