Financial Statements — INVZW
Balance Sheet
(in millions USD)| Metric | Q3
2025 | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Cash & Equivalents | 7.89 | 13.54 | 24.01 | 34.33 | 50.28 |
| Short-term Investments | 9.37 | 9.27 | 15.28 | 24.64 | 21.89 |
| Accounts Receivable | 19.81 | 11.62 | 5.42 | 2.38 | 1.08 |
| Inventory | 2.97 | 3.20 | 1.75 | 4.58 | 4.65 |
| Total Current Assets | 102.19 | 100.90 | 114.44 | 131.10 | 230.48 |
| Property, Plant & Equipment | 19.89 | 20.75 | 24.18 | 30.74 | 21.49 |
| Total Non-current Assets | 48.87 | 50.21 | 52.39 | 67.70 | 78.63 |
| Total Assets | 151.06 | 151.10 | 166.83 | 198.80 | 309.11 |
| Accounts Payable | 9.23 | 3.35 | 6.36 | 6.99 | 5.82 |
| Total Current Liabilities | 32.10 | 28.30 | 27.99 | 33.36 | 27.79 |
| Total Non-current Liabilities | 29.30 | 29.68 | 26.10 | 28.71 | 31.37 |
| Total Liabilities* | 61.40 | 57.99 | 54.09 | 62.07 | 59.17 |
| Retained Earnings | (776.58) | (761.17) | (686.59) | (577.81) | (443.31) |
| Total Stockholder Equity | 89.67 | 93.12 | 112.74 | 136.73 | 249.95 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3
2025 | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Total Revenue | 42.42 | 27.14 | 13.72 | 2.48 | 3.57 |
| Cost of Revenue | 31.58 | 18.60 | 15.26 | 9.57 | 6.08 |
| Gross Profit | 10.84 | 8.54 | (1.53) | (7.10) | (2.51) |
| Research & Development | 40.35 | 27.98 | 40.61 | 49.89 | 44.70 |
| Selling, General & Admin | 13.11 | 8.68 | 10.23 | 9.17 | 9.74 |
| Total Operating Expenses | 57.65 | 39.55 | 54.96 | 63.68 | 59.83 |
| Operating Income | (46.81) | (31.01) | (56.49) | (70.77) | (62.34) |
| Pretax Income | (46.42) | (31.04) | (51.23) | (65.51) | (58.30) |
| Tax Provision | 0.12 | 0.09 | 0.08 | 0.47 | 0.05 |
| Net Income | (46.54) | (31.12) | (51.30) | (65.97) | (58.35) |
| Basic EPS | (0.24) | (0.16) | (0.31) | (0.48) | (0.43) |
| Diluted EPS | (0.24) | (0.16) | (0.31) | (0.48) | (0.43) |
Cash Flow Statement
(in millions USD)| Metric | Q3
2025 | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Operating Cash Flow | (38.79) | (25.06) | (42.63) | (51.43) | (50.11) |
| Capital Expenditures | 3.21 | 2.92 | 2.03 | 5.14 | 5.03 |
| Free Cash Flow* | (42.00) | (27.98) | (44.66) | (56.57) | (55.13) |
| Investing Cash Flow | (26.16) | (25.39) | 40.30 | 29.61 | 77.39 |
| Financing Cash Flow | 46.42 | 37.55 | 0.11 | 0.23 | 0.29 |
* Derived from reported values
