Financial Statements — GLAS
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Cash & Equivalents | 23.35 | 36.92 | 32.52 | 14.14 | 54.07 |
| Accounts Receivable | 4.42 | 5.22 | 3.98 | 4.79 | 2.89 |
| Inventory | 26.23 | 14.25 | 8.84 | 10.95 | 6.60 |
| Total Current Assets | 67.75 | 66.10 | 49.22 | 38.89 | 69.12 |
| Property, Plant & Equipment | 228.76 | 212.25 | 215.69 | 216.43 | 195.80 |
| Goodwill | -- | 0.00 | 0.00 | 37.80 | 4.92 |
| Intangible Assets | 1.61 | 2.33 | 3.04 | 9.70 | 0.58 |
| Total Non-current Assets* | 250.81 | 244.40 | 254.56 | 311.73 | 218.96 |
| Total Assets | 318.56 | 310.50 | 303.77 | 350.63 | 288.08 |
| Accounts Payable | 35.97 | 31.13 | 26.93 | 21.97 | 10.22 |
| Total Current Liabilities | 37.96 | 66.48 | 87.36 | 54.00 | 56.75 |
| Long-term Debt | 68.67 | 58.20 | 64.06 | 62.66 | 44.86 |
| Total Non-current Liabilities* | 106.00 | 79.97 | 71.18 | 75.49 | 50.46 |
| Total Liabilities | 143.96 | 146.45 | 158.54 | 129.49 | 107.21 |
| Retained Earnings | (220.07) | (190.42) | (190.93) | (92.67) | (60.83) |
| Total Stockholder Equity | 73.94 | 116.24 | 89.76 | 168.86 | 181.07 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Total Revenue | 181.98 | 200.90 | 160.84 | 84.87 | 69.45 |
| Cost of Revenue | 105.02 | 103.51 | 79.87 | 64.16 | 53.43 |
| Gross Profit | 76.96 | 97.39 | 80.97 | 20.71 | 16.02 |
| Selling, General & Admin | 64.10 | 60.13 | 52.91 | 45.57 | 33.78 |
| Total Operating Expenses | 93.49 | 91.66 | 130.50 | 77.11 | 51.16 |
| Operating Income | (16.53) | 5.74 | (49.53) | (56.39) | (35.14) |
| Interest Expense | -- | -- | 9.82 | 7.61 | 2.74 |
| Pretax Income | (17.02) | 11.22 | (88.12) | (37.35) | (41.07) |
| Tax Provision | 11.93 | 10.50 | 9.94 | (4.39) | 3.30 |
| Net Income | (29.66) | 0.52 | (98.27) | (32.90) | (44.17) |
| Basic EPS | (0.55) | (0.21) | (1.62) | (0.83) | (1.13) |
| Diluted EPS | (0.55) | (0.21) | (1.62) | (0.83) | (1.13) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Operating Cash Flow | 11.45 | 28.39 | 23.22 | (40.78) | (20.29) |
| Capital Expenditures | 27.18 | 10.29 | 12.31 | 27.77 | 108.50 |
| Free Cash Flow* | (15.73) | 18.10 | 10.91 | (68.55) | (128.78) |
| Investing Cash Flow | (27.74) | (10.29) | (12.71) | (29.20) | (111.50) |
| Financing Cash Flow | 2.72 | (13.70) | 7.87 | 30.06 | 181.32 |
* Derived from reported values
