Financial Statements — CVM
Balance Sheet
(in millions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 6.53 | 1.89 | 6.28 | 1.79 | 1.92 | 4.61 | 0.38 | 5.31 | 3.24 | 5.14 | 10.05 | 18.02 | 28.07 | 34.28 | 37.11 | 35.96 | 6.43 | 21.86 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 11.15 | 11.15 | -- |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.05 | 0.05 | 0.05 | 0.05 |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- | 2.35 | -- | -- | -- | -- | -- | -- | 1.58 | 1.46 | 1.15 |
| Total Current Assets | 7.50 | 2.89 | 7.03 | 2.62 | 3.02 | 5.86 | 3.54 | 8.51 | 6.15 | 7.73 | 12.57 | 20.40 | 30.96 | 37.28 | 41.87 | 49.73 | 19.87 | 23.70 |
| Property, Plant & Equipment | 4.58 | 5.07 | 5.57 | 6.58 | 7.08 | 7.59 | 8.61 | 9.11 | 9.64 | 10.67 | 11.18 | 11.52 | 12.39 | 12.87 | 13.29 | 13.55 | 12.60 | 9.40 |
| Intangible Assets | 0.07 | 0.07 | 0.10 | 0.13 | 0.14 | 0.15 | 0.17 | 0.18 | 0.19 | 0.18 | 0.19 | 0.20 | 0.22 | -- | 0.25 | 0.28 | 0.29 | 0.30 |
| Total Non-current Assets* | 13.85 | 14.81 | 15.86 | 17.71 | 18.78 | 19.84 | 20.53 | 21.54 | 22.56 | 24.59 | 25.62 | 24.15 | 25.93 | 26.89 | 27.80 | 1.90 | 1.70 | 1.70 |
| Total Assets | 21.36 | 17.71 | 22.89 | 20.34 | 21.81 | 25.70 | 24.07 | 30.05 | 28.71 | 32.32 | 38.20 | 44.56 | 56.89 | 64.16 | 69.67 | 79.64 | 48.37 | 49.61 |
| Accounts Payable | 1.02 | 0.93 | 1.03 | 1.58 | 1.70 | 2.00 | 1.37 | 1.02 | 1.14 | 1.74 | 1.89 | 1.60 | 0.85 | 1.32 | 1.19 | 2.14 | 2.39 | 3.09 |
| Total Current Liabilities | 5.08 | 4.81 | 5.04 | 5.62 | 5.50 | 5.48 | 5.51 | 5.09 | 4.87 | 5.29 | 5.31 | 4.74 | 4.02 | 4.47 | 3.33 | 5.16 | 5.82 | 7.33 |
| Total Non-current Liabilities* | 5.32 | 6.02 | 6.72 | 7.70 | 8.31 | 8.91 | 10.09 | 10.66 | 11.19 | 12.24 | 12.74 | 13.22 | 14.15 | 14.56 | 14.99 | 14.69 | 13.21 | 13.44 |
| Total Liabilities | 10.40 | 10.83 | 11.76 | 13.31 | 13.81 | 14.39 | 15.60 | 15.74 | 16.06 | 17.53 | 18.05 | 17.97 | 18.16 | 19.03 | 18.32 | 19.85 | 19.03 | 20.78 |
| Retained Earnings | (556.03) | (550.36) | (544.89) | (533.32) | (527.66) | (521.08) | (507.90) | (501.05) | (493.80) | (479.46) | (471.09) | (462.75) | (446.44) | (436.80) | (426.98) | (409.99) | (401.05) | (389.77) |
| Total Stockholder Equity | 10.96 | 6.87 | 11.14 | 7.02 | 8.00 | 11.31 | 8.47 | 14.30 | 12.65 | 14.79 | 20.15 | 26.59 | 38.73 | 45.13 | 51.35 | 59.79 | 29.33 | 28.84 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 |
|---|
| Research & Development | 3.65 | 3.77 | 3.68 | 3.70 | 3.74 | 4.01 | 4.43 | 4.48 | 4.70 | 4.63 | 4.35 | 5.27 | 5.73 | 6.08 | 5.39 | 6.46 | 6.29 | 6.52 | 6.08 | 5.29 |
| Selling, General & Admin | 1.91 | 1.56 | 1.69 | 2.33 | 1.75 | 2.38 | 2.46 | 1.64 | 1.97 | 2.45 | 2.13 | 2.20 | 2.45 | 2.09 | 2.26 | 2.49 | 2.43 | 3.03 | 2.76 | 3.18 |
| Total Operating Expenses | 5.56 | 5.33 | 5.37 | 6.03 | 5.49 | 6.39 | 6.89 | 6.12 | 6.67 | 7.08 | 6.49 | 7.47 | 8.18 | 8.18 | 7.65 | 8.95 | 8.72 | 9.55 | 8.84 | 8.47 |
| Operating Income | (5.56) | (5.33) | (5.37) | (6.03) | (5.49) | (6.39) | (6.89) | (6.12) | (6.67) | (7.08) | (6.49) | (7.47) | (8.18) | (8.18) | (7.65) | (8.95) | (8.72) | (9.55) | (8.84) | (8.47) |
| Interest Expense | 0.11 | 0.12 | 0.09 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (5.67) | (5.47) | (5.47) | (6.10) | (5.66) | (6.57) | (7.07) | (6.77) | (6.86) | (7.24) | (6.71) | (7.63) | (8.37) | (8.34) | (7.85) | (8.46) | (9.63) | (9.82) | (8.78) | (8.20) |
| Basic EPS | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.18) | (0.21) | (0.23) | -- | (0.20) | (0.19) |
| Diluted EPS | (0.47) | (0.67) | (0.68) | (4.72) | (1.36) | (0.08) | (0.11) | 3.95 | -- | -- | -- | -- | -- | -- | (0.18) | (0.21) | (0.23) | (0.23) | (0.20) | (0.19) |
Cash Flow Statement
(in millions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 |
|---|
| Operating Cash Flow | (4.03) | (4.02) | (4.02) | (4.67) | (3.94) | (4.37) | (4.14) | (4.82) | (4.58) | (4.53) | (4.89) | (5.04) | (5.67) | (7.47) | (4.67) | (4.91) | (5.79) | (2.73) | (4.81) | (4.80) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.03 | 0.02 | 0.02 | 0.00 | 0.05 | 0.00 | 0.20 | 0.11 | 0.05 | 0.02 | 0.07 | 0.53 | 0.02 | 0.39 |
| Free Cash Flow* | (4.03) | (4.02) | (4.02) | (4.68) | (3.94) | (4.37) | (4.17) | (4.84) | (4.60) | (4.53) | (4.94) | (5.04) | (5.86) | (7.58) | (4.72) | (4.93) | (5.86) | (3.27) | (4.82) | (5.19) |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 | (0.03) | (0.02) | (0.02) | 0.00 | (0.06) | (0.01) | (0.20) | (0.11) | (0.05) | (0.02) | (0.07) | (0.53) | 6.11 | 4.59 |
| Financing Cash Flow | 8.67 | (0.36) | (0.65) | 13.84 | 3.81 | 1.68 | 4.05 | 9.19 | (0.32) | 6.60 | 4.05 | 4.07 | 0.95 | (0.39) | 0.07 | (0.47) | (0.35) | 0.44 | (0.26) | 0.31 |
* Derived from reported values
