Financial Statements — IKT
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 | 31.21 | 49.57 | 38.27 | 77.74 | 73.44 | 0.91 | 3.09 | 2.35 | 14.86 | 1.91 | 3.96 | 5.78 | 32.21 | 36.61 | 44.85 | 46.84 | 9.61 |
| Short-term Investments | 127.81 | 120.80 | 39.05 | 9.92 | 19.74 | 2.33 | 4.85 | 7.40 | 1.97 | 19.03 | 21.76 | 20.75 | -- | -- | -- | -- | -- |
| Total Current Assets | 162.34 | 172.18 | 78.54 | 88.79 | 94.16 | 4.19 | 8.60 | 10.81 | 17.55 | 21.98 | 27.63 | 27.99 | 33.95 | -- | -- | -- | 11.87 |
| Property, Plant & Equipment | -- | -- | 0.00 | 0.02 | 0.05 | 0.05 | 0.06 | 0.07 | 0.08 | 0.09 | 0.23 | 0.24 | 0.04 | -- | -- | -- | -- |
| Total Non-current Assets* | 1.24 | 1.16 | 1.06 | 0.06 | 0.12 | 0.19 | 0.22 | 0.26 | 0.33 | 0.36 | 0.53 | 0.59 | 0.04 | -- | -- | -- | 0.00 |
| Total Assets | 163.59 | 173.33 | 79.59 | 88.85 | 94.28 | 4.38 | 8.83 | 11.07 | 17.88 | 22.35 | 28.16 | 28.58 | 33.99 | 38.39 | 45.87 | 49.22 | 11.87 |
| Accounts Payable | 0.99 | 1.59 | 0.62 | 2.70 | 1.69 | 2.53 | 1.34 | 1.29 | 0.73 | 0.75 | 0.96 | 0.78 | 0.86 | 0.81 | 0.55 | 0.90 | 0.72 |
| Total Current Liabilities | 10.26 | 5.71 | 6.70 | 8.80 | 8.55 | 4.91 | 3.70 | 4.23 | 2.74 | 2.73 | 2.66 | 3.21 | -- | -- | 2.71 | 1.91 | 3.59 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.25 | 0.25 | 1.24 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.06 | 0.12 | 0.15 | 0.18 | 0.23 | -- | -- | 0.00 | 0.25 | 0.25 |
| Total Liabilities | 10.26 | 5.71 | 6.70 | 8.80 | 8.55 | 4.91 | 3.73 | 4.29 | 2.86 | 2.88 | 2.84 | 3.45 | 4.49 | 4.38 | 2.71 | 2.16 | 3.84 |
| Retained Earnings | (178.65) | (159.06) | (129.95) | (118.01) | (108.10) | (82.29) | (76.51) | (71.55) | (62.72) | (58.13) | (52.35) | (43.59) | (39.10) | (34.46) | (24.78) | (20.30) | (17.67) |
| Total Stockholder Equity | 153.33 | 167.62 | 72.90 | 80.05 | 85.73 | (0.53) | 5.10 | 6.78 | 15.02 | 19.46 | 25.32 | 25.14 | 29.50 | 34.01 | 43.16 | 47.05 | 8.04 |
* 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 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.12 | 0.06 | 0.06 | 0.01 | 0.01 | 0.05 | 0.00 | 0.33 |
| Research & Development | 13.39 | 10.84 | 6.36 | 7.65 | 5.27 | 10.51 | 7.19 | 4.19 | 3.08 | 2.75 | 3.00 | 3.23 | 4.54 | 2.85 | 3.05 | 2.98 | 2.98 | 3.02 | 3.39 | 3.15 |
| Selling, General & Admin | 7.66 | 7.38 | 6.77 | 5.61 | 5.92 | 5.25 | 5.74 | 1.64 | 1.97 | 2.03 | 1.40 | 1.62 | 1.78 | 1.93 | 1.34 | 1.54 | 1.66 | 1.67 | 1.65 | 1.64 |
| Operating Income | (21.05) | (17.84) | (13.78) | (12.77) | (10.83) | (14.60) | (12.93) | (5.83) | (5.05) | (4.78) | (4.40) | (4.77) | (6.20) | (4.71) | (4.33) | (4.51) | (4.64) | (4.64) | (5.04) | (4.47) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income* | (19.59) | (16.38) | (12.73) | (11.93) | (9.92) | (13.68) | -- | (5.78) | (4.96) | (4.65) | -- | (4.60) | (5.78) | (4.48) | -- | (4.49) | (4.64) | (4.64) | -- | (4.47) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Net Income | (19.59) | (16.38) | (12.73) | (11.93) | (9.92) | (13.68) | (12.13) | (5.78) | (4.96) | (4.65) | (4.18) | (4.60) | (5.78) | (4.48) | (4.28) | (4.49) | (4.64) | (4.64) | (5.04) | (4.47) |
| Basic EPS | (0.11) | (0.10) | (0.10) | (0.13) | (0.11) | (0.15) | 0.88 | (0.65) | (0.66) | (0.73) | (1.44) | (0.86) | (1.11) | (0.16) | (0.17) | (0.18) | (0.18) | -- | -- | -- |
| Diluted EPS | (0.11) | (0.10) | (0.10) | (0.13) | (0.11) | (0.15) | 0.88 | (0.65) | (0.66) | (0.73) | (1.44) | (0.86) | (1.11) | (0.16) | (0.17) | (0.18) | (0.18) | -- | -- | -- |
* 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 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (12.44) | (12.06) | (7.52) | (10.59) | (5.57) | (4.10) | (5.35) | (4.88) | (5.05) | (3.87) | (3.44) | (4.11) | (4.57) | (5.97) | (3.56) | (5.50) | (4.36) | (3.93) | (4.10) | (2.02) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.01 | -- | 0.00 | 0.20 | 0.04 | -- | -- | -- |
| Free Cash Flow* | (12.44) | (12.06) | (7.52) | (10.59) | (5.57) | (4.12) | (5.35) | (4.88) | (5.05) | -- | (3.44) | (4.11) | (4.58) | -- | (3.56) | (5.70) | (4.40) | -- | -- | -- |
| Investing Cash Flow | (5.91) | (80.48) | (0.10) | (28.75) | 9.84 | 21.05 | (38.76) | 2.53 | 2.54 | (3.31) | (2.12) | 17.06 | 2.55 | (5.84) | 4.96 | (20.93) | (0.04) | -- | -- | -- |
| Financing Cash Flow | (0.01) | 2.90 | 108.57 | (0.13) | 0.03 | 0.00 | 99.68 | 0.18 | 3.24 | 0.37 | (0.14) | 0.00 | (0.04) | 8.58 | 0.00 | 0.00 | 0.00 | (0.20) | 0.00 | 0.03 |
* Derived from reported values