Financial Statements — FF
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 | 34.37 | 22.37 | 85.56 | 95.15 | 97.07 | 133.40 | 115.06 | 201.12 | 205.92 | 166.69 | 145.06 | 171.27 | 129.15 | 120.98 | 116.79 | 97.59 | 193.98 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 37.68 | 38.75 | 39.43 | 42.75 | 45.16 | 46.24 | 50.17 |
| Accounts Receivable | 20.10 | 13.31 | 7.87 | 10.95 | 7.93 | 15.97 | 33.39 | 24.36 | 29.49 | 28.57 | 25.92 | 23.72 | 37.49 | 18.05 | 26.47 | 31.33 | 27.90 |
| Inventory | 40.69 | 31.10 | 6.13 | 9.62 | 26.66 | 24.88 | 29.52 | 56.10 | 26.91 | 67.36 | 69.23 | 17.40 | 31.58 | 37.62 | 43.69 | 53.51 | 45.28 |
| Total Current Assets | 116.27 | 84.14 | 112.81 | 128.75 | 143.38 | 176.24 | 183.64 | 289.30 | 267.22 | 274.27 | 291.50 | 257.72 | 252.84 | 237.83 | 244.56 | 249.86 | 340.09 |
| Property, Plant & Equipment | 93.46 | 89.88 | 85.78 | 84.61 | 79.81 | 76.82 | 74.07 | 72.57 | 74.50 | 75.69 | 76.90 | 78.41 | 79.15 | 81.06 | 84.34 | 86.85 | 89.20 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 1.41 |
| Total Non-current Assets | 98.77 | 94.85 | 90.68 | 89.46 | 84.29 | 80.23 | 77.54 | 76.08 | 78.61 | 80.19 | 81.78 | 83.62 | 84.54 | 86.55 | 90.15 | 92.56 | 96.33 |
| Total Assets | 215.04 | 179.00 | 203.49 | 218.21 | 227.67 | 256.47 | 261.19 | 365.39 | 345.84 | 354.46 | 373.28 | 341.34 | 337.39 | 324.38 | 334.70 | 342.42 | 436.42 |
| Accounts Payable | -- | -- | -- | -- | 6.67 | 11.59 | 11.38 | 16.63 | 13.95 | 22.31 | 29.01 | 23.96 | 33.81 | 13.99 | 25.86 | 35.58 | 16.84 |
| Total Current Liabilities | 28.62 | 17.57 | 25.32 | 30.94 | 30.54 | 29.65 | 33.14 | 144.53 | 32.13 | 44.79 | 53.58 | 48.63 | 60.82 | 41.38 | 48.20 | 60.38 | 43.03 |
| Total Non-current Liabilities | 33.34 | 19.51 | 9.05 | 9.05 | 8.73 | 13.52 | 13.65 | 16.04 | 16.70 | 15.45 | 15.60 | 14.13 | 13.76 | 17.03 | 19.93 | 24.63 | 30.35 |
| Total Liabilities | 61.96 | 37.07 | 34.37 | 39.99 | 39.27 | 43.18 | 46.79 | 160.56 | 48.84 | 60.24 | 69.18 | 62.76 | 74.58 | 58.41 | 68.14 | 85.01 | 73.37 |
| Retained Earnings | (50.36) | (61.72) | (37.01) | (27.68) | (17.26) | 8.38 | 9.57 | 0.00 | 14.51 | 11.73 | 21.59 | (3.92) | (19.70) | (16.60) | (16.04) | (25.24) | 80.68 |
| Total Stockholder Equity* | 153.08 | 141.93 | 169.12 | 178.22 | 188.40 | 213.29 | 214.40 | 204.82 | 297.00 | 294.22 | 304.10 | 278.58 | 262.81 | 265.98 | 266.56 | 257.41 | 363.05 |
* 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 | 78.73 | 31.95 | 19.84 | 22.69 | 35.67 | 17.54 | 61.51 | 51.14 | 72.41 | 58.28 | 92.01 | 116.75 | 85.31 | 74.18 | 117.82 | 118.14 | 117.80 | 42.26 | 107.07 | 98.68 |
| Cost of Revenue* | 47.39 | 32.19 | 29.11 | 29.52 | 44.44 | 32.10 | 55.91 | 50.76 | 63.75 | 53.27 | 67.93 | 112.88 | 93.90 | 52.56 | 102.63 | 98.16 | 116.82 | 49.42 | 80.95 | 90.49 |
| Gross Profit | 15.02 | (15.86) | (9.26) | (6.83) | (8.77) | (14.56) | 5.60 | 0.38 | 8.66 | 5.01 | 24.08 | 3.87 | (8.59) | 21.62 | 15.19 | 19.99 | 0.98 | (7.15) | 26.12 | 8.19 |
| Research & Development | 0.69 | 0.84 | 0.69 | 0.86 | 0.93 | 1.39 | 1.19 | 0.98 | 0.92 | 0.91 | 1.16 | 1.16 | 1.01 | 1.07 | 1.01 | 0.97 | 0.76 | 0.68 | 1.10 | 0.81 |
| Selling, General & Admin | 3.08 | 4.14 | 2.54 | 2.05 | 2.23 | 2.88 | 2.80 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Expenses | 3.77 | 4.99 | 3.23 | 2.90 | 3.16 | 4.28 | 3.99 | 3.27 | 3.21 | 2.81 | 3.68 | 3.57 | 2.99 | 3.37 | 3.41 | 3.10 | 2.49 | 2.45 | 4.31 | 2.05 |
| Operating Income | 11.25 | (20.84) | (12.49) | (9.73) | (11.93) | (18.84) | 1.61 | (2.89) | 5.45 | 2.20 | 20.40 | 0.30 | (11.58) | 18.25 | 11.78 | 16.89 | (1.51) | (9.61) | 21.82 | 6.14 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 |
| Pretax Income | 11.44 | (20.57) | (11.86) | (9.35) | (10.38) | (17.64) | 2.95 | (1.20) | 9.58 | 4.96 | 23.35 | 2.79 | (9.84) | 21.09 | 13.41 | 17.48 | (4.04) | (13.10) | 24.06 | 6.02 |
| Tax Provision | 0.07 | 0.01 | 0.15 | (0.03) | 0.04 | 0.01 | 0.16 | -0.00 | 0.01 | 0.63 | (0.03) | 0.01 | 0.02 | 0.01 | (1.53) | 1.70 | (0.94) | (0.70) | 1.71 | (3.18) |
| Net Income | 11.37 | (20.58) | (12.01) | (9.33) | (10.42) | (17.64) | 2.80 | (1.19) | 9.57 | 4.33 | 23.38 | 2.78 | (9.86) | -- | 14.93 | 15.78 | (3.10) | (12.40) | 22.35 | 9.20 |
| Basic EPS | 0.25 | (0.47) | (0.28) | (0.21) | (0.24) | (0.40) | 0.06 | (0.03) | 0.22 | 0.10 | 0.54 | 0.06 | (0.23) | 0.48 | 0.34 | 0.36 | (0.07) | (0.28) | 0.51 | 0.21 |
| Diluted EPS | 0.25 | (0.47) | (0.28) | (0.21) | (0.24) | (0.40) | 0.06 | (0.03) | 0.22 | 0.10 | 0.54 | 0.06 | (0.23) | 0.48 | 0.34 | 0.36 | (0.07) | (0.28) | 0.51 | 0.21 |
* 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 | 18.77 | (20.00) | (27.44) | (1.12) | 5.21 | (5.39) | (16.61) | 25.83 | 27.80 | (12.21) | 12.84 | 49.12 | (10.85) | (29.81) | 8.32 | 46.04 | 8.67 | (10.58) | 24.26 | 22.18 |
| Capital Expenditures | 7.99 | 5.39 | 2.43 | 5.34 | 5.48 | 4.00 | 4.06 | 5.34 | 3.00 | 2.27 | 1.03 | 1.12 | 1.42 | 2.46 | 1.09 | 1.80 | 0.92 | 0.98 | 0.79 | 0.18 |
| Free Cash Flow* | 10.78 | (25.38) | (29.86) | (6.46) | (0.26) | (9.40) | (20.68) | 20.49 | 24.80 | (14.48) | 11.81 | 48.00 | (12.27) | (32.27) | 7.24 | 44.24 | 7.75 | (11.55) | 23.47 | 22.00 |
| Investing Cash Flow | (6.33) | (6.32) | (4.17) | (5.84) | (4.50) | (4.08) | (4.62) | (4.86) | (1.83) | (3.48) | 3.31 | (7.26) | 35.11 | 1.87 | (1.33) | (1.30) | 2.13 | (3.33) | (0.90) | (0.36) |
| Financing Cash Flow | (0.44) | (2.63) | (2.63) | (2.63) | (2.63) | (2.99) | (2.63) | (2.62) | (112.03) | (2.63) | (2.63) | (2.63) | (2.62) | (2.64) | (2.63) | (2.63) | (2.62) | (2.63) | (2.62) | (2.63) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q1
2024 | Q2
2023 | Q1
2022 | Q2
2021 | Q2
2020 | Q1
2020 |
|---|
| Dividends Per Share | 0.01 | 0.01 | 2.50 | 0.24 | 0.24 | 2.50 | 3.00 | 3.00 |
