| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 47.4 | 33.0 | 26.4 | 107.4 | 110.0 | 31.6 | −71.3% | |
| Cost of revenue | 45.5 | 35.3 | 30.9 | 110.3 | 90.6 | 47.8 | −47.2% | |
| Gross profit | 1.8 | (2.3) | (4.5) | (2.9) | 19.4 | (16.3) | −183.8% | |
| Research & development | 0.7 | 2.0 | 1.7 | 2.8 | 9.0 | 8.5 | −5.4% | |
| Selling, general & administrative | 7.7 | 78.9 | 30.7 | 27.3 | 30.9 | 32.0 | +3.6% | |
| Selling & marketing | 0.0 | 0.5 | 1.9 | 1.6 | 1.2 | 1.2 | −2.9% | |
| Operating expenses | 10.0 | 16.4 | 31.9 | 41.6 | 28.0 | 40.4 | +44.1% | |
| Operating income | (8.2) | (18.6) | (36.4) | (44.5) | (8.6) | (56.7) | −558.5% | |
| Interest expense | 2.1 | 2.6 | 0.4 | 3.0 | 16.3 | 42.6 | +161.0% | |
| Interest income | 0.0 | 0.0 | 10.9 | (10.7) | 0.0 | 0.4 | +1545.8% | |
| Other income / expense | (2.1) | (68.6) | 20.1 | (13.7) | (88.9) | 1.2 | +101.4% | |
| Pre-tax income | (10.3) | (87.2) | (16.3) | (58.2) | (97.5) | (55.4) | +43.1% | |
| Income tax | (0.0) | 0.4 | 2.6 | (3.1) | 0.5 | (0.3) | −152.3% | |
| Net income | (10.3) | (87.6) | (18.9) | (55.1) | (98.0) | (55.2) | +43.7% | |
| 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) | (0.21) | (3.46) | (0.39) | (1.13) | (1.91) | (0.94) | +50.8% | |
| EPS, diluted (per share) | (0.21) | (3.46) | (0.39) | (1.13) | (1.91) | (0.94) | +50.8% | |
| EBITDA | (6.6) | (17.7) | (32.1) | (50.3) | (74.4) | (2.2) | +97.0% | |
| Depreciation & amortization | 1.6 | 3.5 | 4.3 | 4.9 | 6.7 | 10.6 | +58.1% | |
| Weighted average shares (shares) | 48,807,898 | 25,329,479 | 48,809,000 | 48,744,247 | 51,224,000 | 60,122,000 | +17.4% | |
| Weighted average diluted shares (shares) | 48,807,898 | 25,344,000 | 49,005,000 | 48,919,000 | 51,224,000 | 60,122,000 | +17.4% | |
| Gross margin | 3.8% | −6.9% | −16.9% | −2.7% | 17.7% | −51.6% | −69.3 pts | |
| Operating margin | −17.3% | −56.4% | −137.8% | −41.5% | −7.8% | −179.6% | −171.8 pts | |
| Net margin | −21.7% | −265.3% | −71.5% | −51.3% | −89.0% | −174.9% | −85.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in USD.
