Financial Statements — ELTX
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 | 23.48 | 14.95 | 20.61 | 22.09 | 18.35 | 26.02 | 3.43 | 11.85 | 14.84 | 21.68 | 29.22 | 55.14 | 63.37 | 73.00 | 102.74 | 117.31 | 130.46 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 9.68 | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 25.49 | 16.20 | 21.47 | 22.60 | 20.94 | 30.65 | 6.69 | 14.13 | 19.93 | 26.23 | 40.63 | 56.68 | 65.89 | 76.24 | 104.39 | 119.70 | 133.50 |
| Property, Plant & Equipment | 0.21 | 0.25 | 0.33 | 0.38 | 0.43 | 0.52 | 0.60 | 0.64 | 0.77 | 0.92 | 0.00 | 0.30 | 0.39 | 0.42 | 0.48 | 0.41 | 0.25 |
| Total Non-current Assets* | 5.85 | 6.49 | 6.82 | 6.93 | 7.21 | 7.74 | 9.06 | 10.35 | 11.06 | 11.39 | 1.14 | 4.64 | 4.93 | 5.02 | 5.55 | 5.66 | 5.70 |
| Total Assets | 31.33 | 22.69 | 28.28 | 29.53 | 28.14 | 38.39 | 15.75 | 24.48 | 30.99 | 37.62 | 41.77 | 61.32 | 70.81 | 81.26 | 109.94 | 125.36 | 139.20 |
| Accounts Payable | 0.84 | 0.27 | 0.32 | 3.87 | 4.04 | 1.98 | 1.06 | 1.11 | 4.41 | 4.26 | 0.69 | 2.22 | 2.66 | 3.43 | 7.68 | 9.31 | 6.69 |
| Total Current Liabilities | 9.20 | 7.23 | 6.52 | 9.92 | 11.41 | 9.02 | 7.59 | 5.95 | 11.49 | 7.60 | 2.03 | 8.18 | 7.78 | 10.38 | 17.95 | 20.52 | 16.96 |
| Long-term Debt | 9.54 | 9.48 | 9.72 | 9.34 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Total Non-current Liabilities* | 14.19 | 16.90 | 17.95 | 17.77 | 7.83 | 48.35 | 9.82 | 13.66 | 6.22 | 6.47 | 0.07 | 2.92 | 3.27 | 3.68 | 27.48 | 27.65 | 29.79 |
| Total Liabilities | 23.39 | 24.13 | 24.47 | 27.69 | 19.24 | 57.37 | 17.40 | 19.61 | 17.70 | 14.06 | 2.10 | 11.11 | 11.05 | 14.06 | 45.43 | 48.17 | 46.76 |
| Retained Earnings | (253.71) | (245.49) | (225.95) | (215.87) | (205.31) | (180.10) | (161.26) | (154.03) | (133.25) | (122.60) | (258.48) | (247.50) | (238.51) | (229.37) | (230.02) | (214.32) | (197.25) |
| Total Stockholder Equity | 7.94 | (1.44) | 3.82 | 1.83 | 8.90 | (18.99) | (1.65) | 4.87 | 13.29 | 23.56 | 39.67 | 50.21 | 59.76 | 67.20 | 64.51 | 77.19 | 92.44 |
* 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 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.65 | 1.65 | 25.14 | 1.46 |
| Cost of Revenue* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.26) | -- | 0.43 | 0.00 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.91 | -- | 25.51 | 1.46 |
| Research & Development | 6.81 | 6.76 | 5.08 | 5.04 | 7.01 | 7.78 | 10.71 | 7.21 | 8.18 | 7.56 | 11.32 | 7.26 | 4.94 | 0.33 | (2.58) | 2.94 | 6.07 | 11.67 | 6.67 | 13.29 |
| Selling, General & Admin | 3.62 | 3.85 | 3.76 | 3.01 | 3.09 | 2.96 | 2.77 | 3.14 | 2.74 | 2.68 | 1.27 | 3.51 | 2.83 | 4.28 | 3.24 | 3.32 | 3.62 | 4.47 | 4.21 | 3.93 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 39.09 | -- | 10.87 | 17.22 |
| Operating Income | (10.43) | (10.60) | (8.84) | (8.04) | (10.09) | (10.74) | (13.48) | (10.34) | (10.92) | (10.24) | (12.59) | (10.77) | (7.78) | (4.61) | (7.05) | (9.05) | (9.03) | (14.48) | 14.63 | (15.76) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.00 | 0.00 | 0.71 | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income* | (8.22) | (11.82) | (7.72) | (10.08) | (10.56) | (11.21) | (14.00) | (18.84) | (7.23) | (11.83) | (12.44) | (10.66) | (7.56) | -- | -- | -- | -- | -- | 14.89 | (15.70) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -0.00 | 0.00 |
| Net Income | (8.22) | (11.82) | (7.72) | (10.08) | (10.56) | (11.21) | (14.00) | (18.84) | (7.23) | (11.83) | (12.44) | (10.66) | (7.56) | (4.54) | (6.44) | (8.99) | (9.14) | (14.24) | 14.89 | (15.70) |
| Basic EPS | (0.43) | (0.65) | (0.45) | (0.60) | (0.66) | (0.87) | (1.07) | (1.39) | (0.64) | (1.15) | (3.10) | (1.27) | (2.44) | (0.15) | (0.21) | (0.30) | (0.30) | (0.48) | 0.74 | (0.53) |
| Diluted EPS | (0.43) | (0.65) | (0.45) | (0.60) | (0.66) | (0.87) | (1.07) | (1.39) | (0.64) | (1.15) | (3.10) | (1.27) | (2.44) | (0.15) | (0.21) | (0.30) | (0.30) | (0.48) | 0.74 | (0.53) |
* Derived from reported values
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 | (8.16) | (11.64) | (6.80) | (11.09) | (8.95) | (10.12) | (8.74) | (7.27) | (8.93) | (12.12) | (9.90) | (5.18) | (9.53) | (8.08) | (4.43) | (8.41) | (9.90) | (15.65) | (14.36) | (15.20) |
| Capital Expenditures | -- | -- | 0.02 | 0.00 | 0.00 | -- | 0.05 | 0.00 | 0.04 | 0.00 | 0.00 | 0.05 | 0.02 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.06 |
| Free Cash Flow* | -- | -- | (6.81) | (11.09) | (8.95) | -- | (8.79) | (7.27) | (8.97) | (12.12) | (9.90) | (5.23) | (9.56) | -- | (4.43) | (8.41) | (9.90) | (15.65) | (14.40) | (15.26) |
| Investing Cash Flow | -- | -- | (0.02) | 0.00 | 0.00 | 0.00 | (0.04) | 0.00 | (0.04) | 0.00 | 0.00 | (0.04) | 10.01 | (10.00) | 0.00 | 0.00 | 0.00 | 0.00 | (0.04) | (0.06) |
| Financing Cash Flow | 16.51 | 8.03 | 4.86 | 9.57 | 11.93 | 10.33 | 0.23 | 30.75 | 0.32 | 11.02 | 7.00 | 0.06 | 34.82 | (3.27) | (0.01) | (0.02) | (0.01) | (0.01) | 0.40 | 0.70 |
* Derived from reported values