Financial Statements — IBO
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 |
|---|
| Cash & Equivalents | -- | 0.02 | 0.01 | 0.62 | 1.32 | 2.67 | 0.00 | 0.00 | 0.20 | 0.00 |
| Accounts Receivable | -- | 0.01 | 0.02 | 0.20 | 0.00 | -- | 0.13 | 0.13 | -- | -- |
| Inventory | 0.06 | 0.06 | 0.49 | 0.49 | 0.49 | -- | -- | -- | -- | -- |
| Total Current Assets | 0.32 | 0.38 | 0.92 | 1.48 | 2.18 | 3.18 | 0.31 | 0.34 | 0.50 | 0.35 |
| Property, Plant & Equipment | -- | -- | 0.01 | 0.01 | 0.02 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 |
| Goodwill | -- | -- | -- | -- | 25.09 | 25.09 | 25.09 | 25.09 | 25.09 | 25.09 |
| Intangible Assets | 16.43 | 16.71 | 17.28 | 17.57 | 17.85 | 18.09 | 18.36 | 18.64 | 19.20 | 19.48 |
| Total Non-current Assets* | 16.43 | 16.71 | 17.29 | 17.58 | 17.87 | 43.52 | 43.81 | 44.02 | 44.58 | 45.64 |
| Total Assets | 16.75 | 17.09 | 18.21 | 19.06 | 20.05 | 46.70 | 44.12 | 44.36 | 45.08 | 45.99 |
| Accounts Payable | 0.47 | 0.37 | 0.58 | 0.55 | 0.62 | 1.00 | 0.99 | 1.02 | 0.48 | 0.30 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | 11.90 | -- | -- |
| Total Current Liabilities | 2.05 | 1.69 | 23.79 | 23.17 | 9.97 | 1.14 | 14.50 | 13.86 | 12.27 | 12.06 |
| Total Non-current Liabilities* | 0.69 | 0.69 | 3.27 | 3.27 | 3.27 | 11.21 | 6.24 | 6.24 | 3.24 | 3.24 |
| Total Liabilities* | 2.73 | 2.38 | 27.06 | 26.44 | 13.24 | 12.34 | 20.74 | 20.10 | 15.50 | 15.29 |
| Retained Earnings | (52.49) | (51.79) | (54.75) | (53.28) | (38.94) | (10.56) | (14.81) | (13.92) | (11.67) | (10.56) |
| Total Stockholder Equity | 10.77 | 11.46 | (11.81) | (10.34) | 3.84 | 31.35 | 23.37 | 24.26 | 26.52 | 27.62 |
* 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 |
|---|
| Total Revenue | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.05 |
| Cost of Revenue | 0.00 | -- | 0.42 | 0.00 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 0.00 | -- | (0.41) | 0.02 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.08 | 0.05 | 0.11 | 0.05 | 0.08 | 0.10 | (0.11) | 0.08 | 0.05 | 0.05 | 0.46 | 0.24 | 0.27 |
| Selling, General & Admin | 0.17 | 1.62 | 0.12 | 0.26 | 0.25 | 0.25 | 0.29 | 0.13 | 0.14 | 0.15 | 0.13 | 0.10 | 0.04 |
| Total Operating Expenses | 0.70 | -- | 0.76 | 0.97 | 1.16 | 1.01 | 26.23 | 1.13 | 0.63 | 0.77 | -- | -- | -- |
| Operating Income | (0.70) | (2.29) | (1.17) | (0.95) | (1.15) | (1.01) | (26.23) | (1.13) | (0.63) | (0.77) | (1.14) | (1.08) | (1.01) |
| Interest Expense | -- | -- | 0.00 | 0.26 | 0.26 | 0.27 | 0.27 | 0.31 | 0.26 | 0.23 | 0.13 | 0.10 | 0.12 |
| Pretax Income | (0.70) | (2.28) | 2.66 | (1.47) | (14.35) | (1.28) | (27.10) | 4.24 | (0.88) | (1.00) | (1.26) | (1.18) | (1.12) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.26 | -- |
| Net Income | (0.70) | (2.29) | 5.25 | (1.47) | (14.35) | (1.27) | (27.07) | 2.36 | (1.88) | (1.00) | (1.26) | (1.18) | (1.12) |
| Basic EPS | (0.01) | (0.02) | 1.03 | (0.12) | (1.18) | (0.11) | (2.48) | 0.37 | (0.09) | (0.10) | (0.03) | (0.02) | 0.00 |
| Diluted EPS | (0.01) | (0.02) | 1.03 | (0.12) | (1.18) | (0.11) | (2.17) | 0.06 | (0.09) | (0.10) | (0.03) | (0.02) | 0.00 |
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 |
|---|
| Operating Cash Flow | 0.47 | (0.46) | 0.10 | (0.61) | (0.69) | (0.68) | (1.26) | (1.28) | (0.67) | (0.71) | (0.43) | (0.67) | (1.75) |
| Investing Cash Flow | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | (0.01) |
| Financing Cash Flow | -- | 0.48 | -- | -- | -- | -- | 0.59 | 3.95 | 0.67 | 0.71 | 0.23 | 0.87 | 1.76 |
