Financial Statements — FLZH
Balance Sheet
(in millions USD)| Metric | 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 | 0.31 | 0.06 | 0.72 | 0.70 | -- | -- | -- | -- | -- | -- | 18.61 | 22.77 | 27.05 | 40.52 | 50.44 | 49.92 |
| Accounts Receivable | 2.91 | 0.35 | 3.06 | 5.55 | 24.04 | 28.94 | 18.33 | 18.34 | 15.48 | 22.07 | 12.23 | 14.90 | 13.47 | 5.76 | 2.98 | 0.75 |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.31 | 0.40 | 0.35 | 0.60 | 0.63 | 0.63 |
| Total Current Assets | 3.61 | 2.21 | 7.41 | 13.42 | 33.78 | 39.36 | 29.61 | 34.76 | 34.52 | 36.90 | 37.27 | 44.76 | 50.96 | 54.69 | 60.27 | 55.17 |
| Property, Plant & Equipment | 136.31 | 0.57 | 0.76 | 0.84 | 1.05 | 1.15 | 1.26 | 1.46 | 1.33 | 1.37 | 0.83 | 0.86 | 0.21 | 0.22 | 0.10 | 0.11 |
| Goodwill | 122.78 | -- | 1.08 | 1.08 | 9.69 | 9.69 | 9.69 | 15.57 | 15.57 | 15.57 | 12.13 | 10.64 | 7.99 | 8.89 | 0.90 | 0.90 |
| Intangible Assets | 136.31 | -- | 0.10 | 0.12 | 2.79 | 2.99 | 3.18 | 4.61 | 4.85 | 5.11 | 4.39 | 4.81 | 1.34 | 1.75 | -- | -- |
| Total Non-current Assets | 259.38 | 0.96 | 2.51 | 2.66 | 15.42 | 15.65 | 16.12 | 23.88 | 26.76 | 27.19 | 21.16 | 21.31 | 14.52 | 13.29 | 2.82 | 2.86 |
| Total Assets | 263.00 | 3.17 | 9.92 | 16.09 | 49.21 | 55.01 | 45.73 | 58.64 | 61.29 | 64.09 | 58.43 | 66.06 | 65.47 | 67.98 | 63.08 | 58.03 |
| Accounts Payable | 5.26 | 17.53 | 18.84 | 16.86 | 26.53 | 31.72 | 23.84 | 22.19 | 18.55 | 14.87 | 6.51 | 7.95 | 7.93 | 2.78 | 2.27 | 2.23 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.87 |
| Total Current Liabilities | 65.78 | 41.91 | 43.61 | 43.48 | 45.67 | 48.04 | 36.26 | 31.95 | 31.82 | 30.90 | 18.97 | 18.18 | 20.06 | 18.16 | 13.61 | 9.45 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.02 |
| Total Non-current Liabilities* | 0.12 | 0.17 | 0.55 | 0.85 | 1.14 | 1.16 | 1.29 | 2.53 | 2.74 | 2.93 | 1.96 | 1.63 | 0.81 | 1.01 | 0.00 | 1.02 |
| Total Liabilities* | 65.89 | 42.08 | 44.16 | 44.33 | 46.81 | 49.20 | 37.55 | 34.48 | 34.56 | 33.84 | 20.93 | 19.81 | 20.86 | 19.17 | 13.61 | 9.45 |
| Retained Earnings | (128.09) | (117.85) | (113.01) | (106.80) | (75.56) | (71.80) | (68.83) | (52.07) | (48.71) | (43.26) | (33.94) | (25.28) | (23.54) | (22.24) | (22.30) | (23.55) |
| Total Stockholder Equity* | 197.11 | (38.91) | (34.24) | (28.24) | 2.39 | 5.81 | 8.18 | 24.16 | 26.73 | 30.26 | 37.50 | 46.25 | 44.61 | 48.81 | 49.47 | 48.57 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 | Q2
2021 |
|---|
| Total Revenue | -- | 0.48 | 2.38 | 7.77 | 9.51 | (3.23) | 9.89 | 17.95 | 15.40 | 15.01 | 20.93 | 18.84 | 16.77 | 17.33 | 12.37 | 16.28 | 21.05 | 18.96 | 18.29 | 12.83 |
| Cost of Revenue | -- | (1.96) | 2.56 | 7.72 | 8.90 | 1.91 | 8.64 | 15.53 | 12.41 | 13.29 | 18.08 | 15.96 | 13.92 | 14.12 | 9.78 | 12.78 | 16.15 | 14.02 | 14.03 | 9.91 |
| Gross Profit | -- | (0.31) | (0.17) | 0.04 | 0.61 | (3.78) | 1.25 | 2.41 | 2.99 | 1.72 | 2.86 | 2.87 | 2.84 | 3.21 | 2.59 | 3.50 | 4.90 | 4.94 | 4.26 | 2.92 |
| Selling, General & Admin | 0.41 | 4.97 | 1.97 | 5.81 | 4.52 | 11.61 | 4.39 | 4.67 | 5.08 | 5.74 | 5.00 | 5.87 | 7.10 | 4.99 | 5.79 | 4.24 | 4.89 | 4.84 | 3.69 | 2.40 |
| Total Operating Expenses | 2.13 | 5.44 | 2.06 | 6.00 | 4.69 | 23.07 | 4.77 | 5.09 | 5.47 | 6.35 | 5.97 | 6.76 | 7.89 | 6.15 | 9.49 | 5.43 | 5.77 | 5.58 | 4.19 | 2.70 |
| Operating Income | (2.13) | (5.75) | (2.24) | (5.96) | (4.08) | (26.86) | (3.52) | (2.68) | (2.48) | (4.64) | (3.11) | (3.89) | (5.05) | (2.94) | (6.90) | (1.93) | (0.87) | (0.65) | 0.07 | 0.22 |
| Pretax Income | (2.35) | (6.42) | (5.02) | (6.20) | (4.05) | (27.13) | (3.77) | (3.01) | (2.61) | (4.77) | (3.42) | (5.50) | (5.21) | (4.25) | (8.73) | (1.82) | (0.80) | (0.60) | 0.06 | 1.26 |
| Tax Provision | -- | 0.00 | 0.00 | 0.00 | (0.01) | 0.08 | (0.01) | (0.05) | (0.05) | (0.05) | (0.05) | (0.05) | (0.07) | (0.06) | (0.07) | (0.08) | -- | -- | -- | -- |
| Net Income | (3.23) | (7.02) | (4.84) | (6.20) | (4.03) | (27.21) | (3.76) | (5.53) | (2.56) | (4.73) | (3.37) | (5.44) | (5.14) | (4.18) | (8.66) | (1.74) | (0.70) | (0.60) | 0.06 | 1.26 |
| Basic EPS | (3.92) | (21.74) | (9.14) | (10.64) | (0.31) | (1.90) | (0.30) | (0.24) | (0.21) | (0.39) | (0.29) | (0.50) | (0.48) | (0.39) | (0.81) | (0.17) | (0.07) | -- | 0.01 | 0.11 |
| Diluted EPS | (3.92) | -- | -- | (10.64) | (0.31) | (1.90) | (0.30) | (0.24) | (0.21) | (0.39) | (0.29) | (0.50) | (0.48) | (0.39) | (0.81) | (0.17) | -- | -- | 0.00 | 0.11 |
Cash Flow Statement
(in millions USD)| Metric | 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 | Q2
2021 |
|---|
| Operating Cash Flow | (0.37) | 0.40 | (2.18) | 0.41 | 2.21 | (2.04) | 0.98 | (2.39) | 0.63 | (4.67) | (5.86) | 3.61 | (4.27) | (3.62) | (4.06) | (1.20) | (3.73) | (1.89) | (0.97) | 1.00 |
| Capital Expenditures | -- | 0.18 | 0.00 | 0.11 | 0.06 | 0.03 | 0.05 | 0.05 | 0.14 | 0.16 | 0.23 | 0.09 | 0.13 | 0.33 | (0.12) | 0.34 | 0.03 | 0.10 | 0.18 | 0.01 |
| Free Cash Flow* | -- | 0.21 | (2.18) | 0.30 | 2.15 | (2.08) | 0.93 | (2.44) | 0.49 | (4.83) | (6.09) | 3.52 | (4.41) | (3.95) | (3.94) | (1.54) | (3.76) | (1.99) | (1.15) | 0.99 |
| Investing Cash Flow | (0.06) | (0.21) | 2.03 | -0.00 | 0.01 | (0.03) | (0.05) | (0.05) | 0.01 | (0.16) | 2.10 | (0.09) | (0.13) | (1.49) | 0.12 | (3.05) | (0.03) | (2.60) | (5.73) | (0.01) |
| Financing Cash Flow | 0.72 | (0.24) | (0.51) | (0.39) | (2.35) | 1.76 | (0.18) | 2.18 | (1.06) | 1.17 | (0.02) | (2.29) | (0.27) | (1.48) | (0.22) | (0.04) | (3.78) | (1.44) | (3.22) | (0.47) |
* Derived from reported values
