Financial Statements — EFOI
Balance Sheet
(in millions USD)| Metric | 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 | 1.10 | 1.13 | 0.90 | 0.50 | 0.49 | 0.82 | 1.11 | 0.97 | 1.69 | 1.32 | 0.30 | 0.04 | 0.94 | 0.23 | 0.38 | 1.33 | 0.55 |
| Accounts Receivable | 2.56 | 0.49 | 0.67 | 0.96 | 0.59 | -- | -- | -- | 0.84 | 0.84 | 0.91 | 1.01 | 1.16 | 1.33 | 1.63 | 1.15 | 1.49 |
| Inventory | 2.77 | 3.69 | 3.01 | 2.75 | 3.23 | 3.72 | 3.79 | 4.40 | 4.90 | 5.30 | 4.94 | 6.16 | 7.17 | 7.37 | 7.76 | 8.13 | 7.52 |
| Total Current Assets | 7.40 | 5.53 | 4.81 | 4.37 | 4.99 | 5.93 | 6.22 | 6.48 | 8.36 | 8.31 | 7.43 | 8.60 | 10.61 | 10.53 | 12.10 | 12.32 | 11.12 |
| Property, Plant & Equipment | 0.08 | 0.09 | 0.11 | 0.12 | 0.09 | 0.10 | 0.09 | 0.10 | 0.08 | 0.06 | 0.07 | 0.43 | 0.59 | 0.63 | 0.59 | 0.53 | 0.48 |
| Total Non-current Assets* | 0.75 | 0.42 | 0.38 | 0.43 | 0.44 | 0.51 | 0.86 | 0.94 | 1.05 | 1.09 | 1.18 | 1.68 | 1.90 | 2.02 | 1.01 | 1.08 | 1.21 |
| Total Assets | 8.14 | 5.95 | 5.20 | 4.80 | 5.43 | 6.44 | 7.08 | 7.42 | 9.40 | 9.40 | 8.61 | 10.28 | 12.51 | 12.55 | 13.11 | 13.40 | 12.33 |
| Accounts Payable | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.91 | 2.18 | 1.89 | 1.31 | 2.23 | 2.61 | 2.85 | 3.44 |
| Short-term Debt | 0.91 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 4.80 | 1.94 | 1.92 | 1.81 | 2.37 | 2.94 | 2.88 | 3.46 | 4.65 | 5.39 | 4.68 | 6.86 | 6.42 | 7.94 | 8.57 | 7.75 | 8.88 |
| Total Non-current Liabilities* | 0.00 | 0.04 | 0.13 | 0.18 | 0.22 | 0.29 | 0.67 | 0.74 | 0.86 | 0.92 | 0.98 | 1.90 | 1.92 | 1.18 | 0.03 | 0.05 | 0.17 |
| Total Liabilities | 4.80 | 1.98 | 2.06 | 1.99 | 2.59 | 3.23 | 3.55 | 4.19 | 5.51 | 6.30 | 5.66 | 8.76 | 8.34 | 9.12 | 8.60 | 7.80 | 9.05 |
| Retained Earnings | (156.94) | (156.06) | (155.57) | (155.40) | (155.16) | (154.60) | (154.29) | (153.73) | (152.47) | (151.52) | (150.35) | (146.71) | (144.05) | (141.56) | (136.11) | (134.97) | (132.50) |
| Total Stockholder Equity | 3.34 | 3.97 | 3.14 | 2.81 | 2.84 | 3.21 | 3.52 | 3.23 | 3.89 | 3.10 | 2.96 | 1.53 | 4.17 | 3.43 | 4.50 | 5.60 | 3.28 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 | Q3
2021 |
|---|
| Total Revenue | 3.75 | 0.95 | 0.98 | 0.83 | 1.14 | 0.62 | 1.28 | 1.20 | 1.55 | 0.83 | 2.39 | 1.34 | 1.06 | 0.93 | 0.66 | 1.76 | 1.48 | 2.06 | 2.40 | 2.75 |
| Cost of Revenue | 4.00 | 0.73 | 0.79 | 0.68 | 1.00 | 0.42 | 1.01 | 1.01 | 1.43 | 0.71 | 2.32 | 1.39 | 0.88 | 0.91 | 0.90 | 1.93 | 1.37 | 2.09 | 2.22 | 2.19 |
| Gross Profit | (0.25) | 0.22 | 0.18 | 0.15 | 0.15 | 0.19 | 0.27 | 0.19 | 0.13 | 0.12 | 0.08 | (0.05) | 0.18 | 0.02 | (0.24) | (0.16) | 0.11 | (0.03) | 0.19 | 0.56 |
| Research & Development | 0.08 | 0.08 | 0.21 | 0.08 | 0.07 | 0.05 | 0.12 | 0.14 | 0.14 | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | 0.27 | 0.37 | 0.35 | 0.50 | 0.46 | 0.40 |
| Selling, General & Admin | 0.53 | 0.29 | 0.34 | 0.24 | 0.30 | 0.41 | 0.43 | 0.45 | 0.54 | 0.59 | 0.70 | 0.71 | 1.13 | 1.07 | 1.25 | 1.80 | 1.96 | 2.13 | 2.08 | 1.97 |
| Total Operating Expenses | 0.61 | 0.36 | 0.54 | 0.32 | 0.37 | 0.46 | 0.55 | 0.59 | 0.68 | 0.72 | 0.84 | 0.86 | 1.28 | 1.22 | 1.79 | 2.24 | 2.32 | 2.63 | 2.55 | 2.37 |
| Operating Income | (0.87) | (0.14) | (0.36) | (0.17) | (0.22) | (0.27) | (0.29) | (0.40) | (0.56) | (0.60) | (0.76) | (0.90) | (1.10) | (1.20) | (2.02) | (2.41) | (2.21) | (2.66) | (2.36) | (1.81) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.15 | 0.03 | 0.07 | 0.12 | 0.28 | 0.24 | 0.26 | 0.18 | 0.27 | 0.18 |
| Pretax Income | (0.87) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -0.00 | 0.00 |
| Net Income | (0.88) | (0.14) | (0.36) | (0.17) | (0.23) | (0.27) | (0.29) | (0.32) | (0.55) | (0.42) | (0.85) | (0.94) | (1.17) | (1.33) | (2.31) | (2.66) | (2.49) | (2.82) | (2.63) | (1.14) |
| Basic EPS | -- | -- | (0.06) | (0.03) | (0.04) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | -- | -- | (0.06) | (0.03) | (0.04) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | 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 | Q3
2021 |
|---|
| Operating Cash Flow | (0.82) | 0.07 | (0.86) | (0.05) | (0.21) | (0.27) | (0.25) | (0.27) | (0.72) | (0.06) | (0.07) | (1.03) | (0.15) | (1.18) | (0.48) | (0.89) | (2.64) | (2.70) | (1.34) | (2.31) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.01 | 0.00 | 0.02 | -- | -- | 0.04 | 0.03 | 0.00 | 0.00 | -0.00 | 0.01 | 0.00 | 0.04 | 0.13 | 0.10 |
| Free Cash Flow* | (0.82) | 0.07 | (0.86) | (0.10) | (0.21) | (0.28) | (0.25) | (0.29) | -- | -- | (0.11) | (1.06) | (0.15) | (1.18) | (0.47) | (0.90) | (2.64) | (2.74) | (1.48) | (2.41) |
| Investing Cash Flow | (0.38) | 0.00 | (0.16) | (0.04) | 0.00 | -0.00 | 0.00 | (0.02) | -- | -- | (0.04) | (0.03) | 0.00 | 0.00 | 0.03 | (0.01) | -0.00 | (0.04) | (0.13) | (0.10) |
| Financing Cash Flow | 1.17 | 0.00 | 1.20 | 0.50 | 0.20 | 0.20 | 0.00 | 0.00 | 0.85 | (1.00) | 0.45 | 1.44 | 1.17 | 1.43 | 0.46 | 0.00 | 3.36 | 0.28 | 3.78 | 1.13 |
* Derived from reported values
