| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 70.9 | 69.6 | 130.5 | 123.4 | 112.1 | 158.2 | +41.0% | |
| Cost of revenue | 78.6 | 85.2 | 160.1 | 133.9 | 148.1 | 184.6 | +24.7% | |
| Gross profit | (7.7) | (15.6) | (29.6) | (10.5) | (35.9) | (26.4) | +26.5% | |
| Research & development | 4.8 | 11.3 | 34.5 | 61.0 | 55.4 | 34.1 | −38.5% | |
| Selling, general & administrative | 26.6 | 37.9 | 79.6 | 64.5 | 64.6 | 60.1 | −6.9% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 31.4 | 49.3 | 114.1 | 125.5 | 123.8 | 94.8 | −23.4% | |
| Operating income | (39.2) | (64.9) | (143.7) | (136.1) | (158.5) | (121.2) | +23.5% | |
| Interest expense | 15.3 | 7.4 | 6.4 | 7.2 | 9.7 | 10.4 | +7.1% | |
| Interest income | 0.0 | 0.0 | 3.4 | 15.8 | 13.7 | 8.3 | −39.4% | |
| Other income / expense | (49.9) | (36.1) | (2.7) | 28.6 | 1.7 | (70.0) | −4134.9% | |
| Pre-tax income | (89.1) | (101.0) | (146.4) | (107.5) | (156.8) | (191.2) | −22.0% | |
| Income tax | 0.0 | 0.0 | 0.8 | 0.6 | 0.0 | 0.1 | +448.0% | |
| Net income | (89.1) | (101.0) | (142.7) | (107.6) | (129.2) | (187.9) | −45.4% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (12.49) | (9.30) | (11.40) | (7.80) | (7.83) | (7.42) | +5.2% | |
| EPS, diluted (per share) | (12.60) | (9.30) | (11.40) | (7.80) | (7.83) | (7.42) | +5.2% | |
| EBITDA | (55.0) | (73.8) | (118.7) | (74.9) | (110.9) | (140.5) | −26.7% | |
| Depreciation & amortization | 19.4 | 19.9 | 21.3 | 25.4 | 36.2 | 40.4 | +11.6% | |
| Weighted average shares (shares) | 10,607,976 | 16,223,415 | 18,736,855 | 20,381,142 | 24,353,654 | 25,743,252 | +5.7% | |
| Weighted average diluted shares (shares) | 11,098,014 | 16,737,117 | 19,156,957 | 20,987,390 | 26,184,269 | 25,743,252 | −1.7% | |
| Gross margin | −10.9% | −22.5% | −22.7% | −8.5% | −32.0% | −16.7% | +15.3 pts | |
| Operating margin | −55.3% | −93.3% | −110.1% | −110.3% | −141.3% | −76.6% | +64.7 pts | |
| Net margin | −125.7% | −145.2% | −109.4% | −87.2% | −115.2% | −118.8% | −3.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
