Financial Statements — IE
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 256.88 | 289.82 | 69.48 | 88.05 | 98.16 | 81.07 | 133.81 | 179.36 | 249.05 | 63.80 | 107.00 | 177.67 | 223.83 |
| Accounts Receivable | 0.00 | 0.16 | 0.08 | 0.01 | 0.11 | 2.77 | 2.62 | 4.32 | 2.41 | 2.13 | 2.21 | 1.50 | 1.14 |
| Inventory | -- | -- | -- | -- | -- | 0.00 | 5.51 | 5.31 | 4.76 | 4.63 | 5.87 | 6.14 | 6.34 |
| Total Current Assets | 270.13 | 301.46 | 87.68 | 104.29 | 114.26 | 104.74 | 147.01 | 191.85 | 260.79 | 76.54 | 118.16 | 192.42 | 239.40 |
| Property, Plant & Equipment | 7.49 | 7.03 | 9.94 | 10.56 | 10.92 | 7.11 | 8.96 | 7.82 | 4.68 | 3.99 | 4.21 | 3.67 | 3.44 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | 0.17 | 0.22 | 0.55 | 1.94 | 2.79 |
| Total Non-current Assets* | 314.69 | 292.85 | 298.47 | 296.18 | 300.13 | 270.69 | 269.27 | 269.31 | 272.12 | 233.22 | 109.21 | 102.39 | 101.60 |
| Total Assets | 584.82 | 594.31 | 386.15 | 400.47 | 414.39 | 375.43 | 416.27 | 461.16 | 532.91 | 309.76 | 227.37 | 294.80 | 340.99 |
| Accounts Payable | 16.22 | 11.46 | 9.48 | 11.28 | 10.77 | 14.51 | 21.41 | 22.29 | 22.02 | 23.85 | 12.93 | 17.26 | 20.50 |
| Total Current Liabilities | 53.50 | 48.23 | 62.00 | 27.15 | 37.18 | 41.93 | 40.20 | 39.21 | 62.48 | 62.51 | 17.34 | 20.30 | 24.18 |
| Total Non-current Liabilities* | 0.75 | 0.41 | 30.39 | 62.55 | 61.86 | 73.25 | 72.95 | 72.21 | 81.63 | 80.51 | 40.95 | 31.02 | 30.95 |
| Total Liabilities | 54.25 | 48.64 | 92.39 | 89.69 | 99.04 | 115.18 | 113.15 | 111.42 | 144.11 | 143.01 | 58.29 | 51.31 | 55.14 |
| Retained Earnings | (618.92) | (594.26) | (602.01) | (584.49) | (560.64) | (547.03) | (503.80) | (457.01) | (354.34) | (276.46) | (238.20) | (162.52) | (122.13) |
| Total Stockholder Equity | 525.82 | 540.28 | 280.13 | 293.34 | 306.97 | 250.07 | 289.15 | 331.50 | 388.20 | 160.93 | 175.47 | 243.84 | 283.16 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.72 | 0.86 | 0.90 | 0.55 | 1.07 | 0.74 | 1.33 | 0.67 | 0.54 | 0.36 | 1.67 | 0.24 | 1.31 | 0.68 | 0.27 | 1.18 | 0.23 |
| Cost of Revenue | 0.36 | 0.35 | 0.27 | 0.27 | 0.29 | 0.29 | 0.47 | 0.26 | 0.19 | 0.10 | 1.27 | 0.28 | 1.26 | 0.18 | 2.09 | 0.88 | 0.12 |
| Gross Profit | 0.37 | 0.51 | 0.62 | 0.28 | 0.77 | 0.44 | 0.86 | 0.42 | 0.35 | 0.26 | 0.40 | (0.04) | 0.06 | 0.50 | (1.82) | 0.31 | 0.11 |
| Research & Development | 0.17 | 0.40 | 0.11 | 0.05 | 0.06 | 0.05 | 0.33 | 0.87 | 0.84 | 0.81 | 0.89 | 1.25 | 2.14 | 1.84 | 1.31 | 1.14 | 1.26 |
| Selling, General & Admin | 8.27 | 9.86 | 8.81 | 9.13 | 9.72 | 11.59 | 10.59 | 10.86 | 10.69 | 12.60 | 13.47 | 11.45 | 12.66 | 10.63 | 10.23 | 6.85 | 4.66 |
| Total Operating Expenses* | 21.85 | (96.25) | 37.97 | 23.87 | 26.41 | 27.45 | 30.56 | 42.24 | 106.03 | 57.14 | 47.86 | 46.94 | 47.44 | 39.08 | 41.74 | 42.02 | 29.80 |
| Operating Income | (21.48) | 96.76 | (37.34) | (23.59) | (25.63) | (27.00) | (29.69) | (41.83) | (48.55) | (56.88) | (47.46) | (46.97) | (47.38) | (38.59) | (43.56) | -- | -- |
| Interest Expense | 1.44 | 1.44 | (2.05) | 1.36 | 1.83 | 1.66 | (2.42) | 1.69 | 1.82 | 1.82 | -- | -- | -- | -- | (0.23) | 0.16 | 0.52 |
| Pretax Income* | (24.70) | 53.93 | (33.97) | (17.52) | (23.85) | (34.14) | 18.53 | (47.12) | (51.52) | (60.12) | (49.77) | (83.26) | (44.97) | (38.65) | (43.68) | (44.02) | (55.54) |
| Tax Provision | (0.05) | 12.20 | 0.01 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | (0.03) | (0.38) | 0.00 | (0.13) | (0.07) | (0.47) | (0.17) | (0.07) |
| Net Income | (24.65) | 41.74 | (33.99) | (17.52) | (23.85) | (34.14) | 18.47 | (47.12) | (51.52) | (60.09) | (49.39) | (83.26) | (44.85) | (38.58) | (43.22) | (43.85) | (55.47) |
| Basic EPS | 0.16 | (0.27) | 0.24 | 0.13 | 0.18 | 0.24 | (0.14) | 0.36 | 0.39 | 0.46 | 0.41 | 0.74 | 0.41 | 0.39 | 0.41 | 0.43 | 0.85 |
| Diluted EPS | 0.16 | (0.26) | 0.24 | 0.13 | 0.18 | 0.24 | (0.14) | 0.36 | 0.39 | 0.46 | 0.41 | 0.74 | 0.41 | 0.39 | 0.41 | 0.43 | 0.85 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (19.96) | (42.31) | (25.70) | (27.72) | (20.00) | (15.77) | (30.70) | (36.89) | (44.54) | (49.96) | (43.54) | (41.14) | (35.81) | (30.02) | (36.96) | (34.58) | (44.20) |
| Capital Expenditures | 0.23 | 0.60 | 0.04 | (0.09) | 1.26 | 0.00 | 1.70 | 0.06 | 0.50 | 0.67 | 0.44 | 0.59 | 0.21 | 0.35 | 7.65 | 0.24 | 0.62 |
| Free Cash Flow* | (20.19) | (42.91) | (25.74) | (27.63) | (21.25) | (15.78) | (32.40) | (36.95) | (45.05) | (50.63) | (43.98) | (41.73) | (36.02) | (30.37) | (44.61) | (34.82) | (44.81) |
| Investing Cash Flow | (16.24) | 115.16 | (3.21) | 9.79 | (1.99) | -0.00 | (1.69) | (10.06) | (1.25) | (1.47) | (36.12) | (73.78) | (38.21) | (2.67) | (10.04) | (9.93) | (28.41) |
| Financing Cash Flow | 3.15 | 42.99 | 131.68 | 2.13 | 10.10 | 70.82 | (8.31) | 0.14 | 1.07 | 26.00 | 35.49 | 300.31 | 30.65 | 0.00 | 8.90 | (1.26) | 246.76 |
* Derived from reported values