Financial Statements — FTK
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 | 4.40 | 5.68 | 4.60 | 5.03 | 6.25 | 5.00 | 4.78 | 5.22 | 4.45 | 8.84 | 12.43 | 8.51 | 33.08 | 24.84 | 20.53 | 27.78 | 33.95 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 15.61 | 17.60 | 11.75 | 13.24 | 11.56 | 9.71 | 11.52 |
| Inventory | 26.63 | 14.30 | 13.23 | 12.30 | 13.69 | 12.74 | 12.14 | 13.87 | 15.89 | 18.40 | 15.90 | 19.19 | 13.25 | 10.14 | 8.82 | 11.50 | 11.62 |
| Total Current Assets | 167.54 | 125.79 | 100.02 | 86.83 | 97.35 | 86.29 | 79.01 | 78.27 | 73.21 | 78.99 | 81.86 | 83.35 | 80.52 | 57.95 | 46.36 | 52.91 | 59.90 |
| Property, Plant & Equipment | 23.25 | 21.91 | 20.82 | 21.22 | 6.43 | 4.96 | 4.99 | 5.06 | 4.84 | 4.75 | 4.81 | 4.78 | 4.82 | 5.08 | 7.77 | 8.02 | 8.26 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 8.09 | 8.09 | 8.09 |
| Total Non-current Assets* | 100.50 | 106.05 | 112.67 | 85.41 | 72.89 | 74.36 | 77.04 | 77.58 | 79.31 | 79.04 | 81.53 | 80.67 | 82.95 | 14.27 | 18.20 | 18.51 | 18.82 |
| Total Assets | 268.04 | 231.84 | 212.69 | 172.24 | 170.24 | 160.65 | 156.04 | 155.85 | 152.52 | 158.03 | 163.39 | 164.02 | 163.47 | 72.22 | 64.55 | 71.42 | 78.72 |
| Accounts Payable | 74.55 | 52.57 | 35.07 | 36.35 | 38.97 | 37.40 | 31.76 | 35.95 | 33.44 | 44.95 | 41.93 | 29.65 | 19.77 | 8.23 | 5.22 | 6.59 | 6.48 |
| Total Current Liabilities | 94.15 | 68.73 | 56.48 | 54.68 | 44.40 | 44.74 | 42.63 | 44.78 | 45.24 | 53.26 | 98.88 | 133.90 | 115.00 | 48.94 | 17.77 | 29.34 | 30.16 |
| Long-term Debt | 40.00 | 40.00 | 40.00 | 40.00 | -- | 0.00 | 0.00 | 0.19 | 0.28 | 0.33 | 0.19 | 2.94 | 3.10 | 3.24 | 3.45 | 0.00 | 0.64 |
| Total Non-current Liabilities* | 44.68 | 44.94 | 45.71 | 45.72 | 6.13 | 6.91 | 7.17 | 7.17 | 7.68 | 6.77 | 7.38 | 9.62 | 9.91 | 10.17 | 11.50 | 8.19 | 8.93 |
| Total Liabilities | 138.82 | 113.67 | 102.19 | 100.39 | 50.53 | 51.64 | 49.81 | 51.95 | 52.91 | 60.03 | 106.25 | 143.52 | 124.91 | 59.11 | 29.27 | 37.52 | 39.09 |
| Retained Earnings | (271.16) | (281.12) | (288.80) | (309.16) | (310.93) | (320.74) | (323.27) | (325.24) | (328.91) | (330.20) | (330.18) | (332.49) | (313.70) | (319.94) | (293.02) | (293.53) | (286.99) |
| Total Stockholder Equity | 129.21 | 118.18 | 110.50 | 71.85 | 119.70 | 109.01 | 106.23 | 103.90 | 99.60 | 98.00 | 57.14 | 20.50 | 38.56 | 13.10 | 35.28 | 33.89 | 39.63 |
* 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 | 99.37 | 70.05 | 67.52 | 56.03 | 58.35 | 55.36 | 50.76 | 49.74 | 46.15 | 40.37 | 42.19 | 47.27 | 50.59 | 11.65 | 15.93 | 15.21 | 12.82 | 10.38 | 9.85 | 8.85 |
| Cost of Revenue | 75.58 | 54.51 | 52.33 | 38.25 | 43.94 | 42.91 | 38.48 | 40.62 | 36.98 | 31.55 | 32.76 | 38.22 | 46.69 | 46.13 | 50.29 | 47.47 | 31.68 | 13.36 | 13.14 | -- |
| Gross Profit | 23.78 | 15.54 | 15.19 | 17.78 | 14.41 | 12.45 | 12.28 | 9.12 | 9.17 | 8.82 | 9.43 | 9.05 | 3.90 | 1.88 | (2.07) | (1.84) | (2.31) | (0.48) | (0.98) | -- |
| Research & Development | 0.50 | 0.40 | 0.46 | 0.55 | 0.46 | 0.36 | 0.37 | 0.46 | 0.48 | 0.41 | 0.26 | 0.76 | 0.86 | 0.61 | 0.92 | 0.99 | 1.12 | 1.42 | 1.34 | 1.19 |
| Selling, General & Admin | 7.74 | 6.93 | 7.58 | 7.38 | 6.80 | 6.28 | 6.65 | 5.71 | 6.26 | 6.08 | 6.55 | 6.53 | 8.35 | 6.45 | 5.78 | 9.04 | 7.43 | 4.88 | 7.51 | 2.70 |
| Total Operating Expenses | 8.90 | 7.95 | 9.21 | 8.68 | 11.99 | 6.88 | 7.13 | 33.46 | 6.95 | 6.71 | 7.01 | 7.43 | (13.40) | (16.63) | 14.82 | 14.44 | (10.34) | 9.81 | 15.40 | 5.53 |
| Operating Income | 14.89 | 7.59 | 5.99 | 9.10 | 2.59 | 5.57 | 5.14 | 2.72 | 2.22 | 2.11 | 2.42 | 1.62 | 0.67 | 18.51 | (16.90) | (16.28) | 8.04 | (10.28) | (16.38) | 0.63 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.28 | 0.32 | 0.16 | 0.71 | 1.67 | 2.47 | 2.32 | 1.60 | 0.67 | 0.03 | 0.02 |
| Pretax Income | 13.53 | 6.27 | 4.68 | 7.74 | 1.79 | 5.44 | 4.79 | 2.57 | 1.99 | 1.80 | 2.16 | 1.37 | (0.01) | 21.35 | (19.15) | (18.79) | 6.34 | (10.73) | (16.26) | 0.51 |
| Tax Provision | 3.58 | 1.61 | 1.66 | (12.61) | 0.02 | 0.06 | 0.36 | 0.04 | 0.02 | 0.24 | 0.05 | 0.08 | 0.01 | 0.01 | (0.12) | 0.01 | 0.10 | -0.00 | (0.07) | 0.00 |
| Net Income | 9.95 | 4.66 | 3.03 | 20.36 | 1.77 | 5.38 | 4.43 | 2.53 | 1.97 | 1.56 | 2.10 | 1.29 | (0.02) | 21.34 | (19.03) | (18.79) | 6.24 | (10.72) | (16.19) | 0.51 |
| Basic EPS | 0.28 | 0.13 | 0.10 | 0.57 | 0.05 | 0.18 | 0.15 | 0.09 | 0.07 | 0.05 | 0.74 | 0.04 | 0.00 | 0.22 | (0.25) | (0.25) | 0.08 | (0.15) | (0.22) | 0.01 |
| Diluted EPS | 0.26 | 0.12 | 0.09 | 0.53 | 0.05 | 0.17 | 0.15 | 0.08 | 0.06 | 0.05 | (0.10) | 0.04 | (0.02) | (0.02) | (0.12) | (0.25) | (0.05) | (0.15) | (0.22) | 0.01 |
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 | (6.60) | 0.02 | 6.25 | (1.86) | (4.49) | 7.31 | (2.56) | 5.10 | (3.06) | 3.89 | (2.05) | (7.01) | (3.37) | 1.14 | 2.53 | (23.25) | (15.44) | (8.47) | (7.56) | (7.04) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.14 | 0.16 | 0.25 | 0.17 | 0.01 | 0.00 | 0.01 | 0.00 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (3.51) | 0.98 | 2.29 | (23.42) | (15.45) | (8.47) | (7.56) | (7.04) |
| Investing Cash Flow | (0.24) | (1.00) | (0.29) | (0.39) | (0.71) | (0.59) | (1.36) | (0.26) | (0.04) | (0.15) | (0.49) | (0.23) | (0.13) | (0.16) | 1.29 | (0.15) | 4.17 | 0.02 | 0.07 | 0.00 |
| Financing Cash Flow | 5.54 | 0.89 | (4.82) | 1.82 | 4.09 | (4.83) | 3.21 | (4.56) | 2.65 | (4.41) | 4.00 | 2.81 | (0.07) | (0.82) | 0.07 | (1.23) | 19.44 | 19.99 | 0.08 | (0.18) |
* Derived from reported values
