Financial Statements — IPST
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 |
|---|
| Cash & Equivalents | 0.09 | 1.67 | 0.19 | 0.10 | 0.03 |
| Accounts Receivable | 0.18 | 0.20 | 0.21 | 0.20 | 0.30 |
| Inventory | 1.57 | 2.28 | 2.32 | 2.51 | 3.59 |
| Total Current Assets | 3.82 | 4.94 | 3.10 | 3.25 | 5.91 |
| Property, Plant & Equipment | 1.16 | 4.11 | 4.83 | 5.11 | 5.94 |
| Goodwill | -- | 0.59 | 0.59 | 0.59 | 0.64 |
| Intangible Assets | -- | 0.39 | 0.40 | 0.40 | 0.82 |
| Total Non-current Assets | 38.95 | 477.84 | 23.43 | 23.81 | 25.17 |
| Total Assets | 42.77 | 482.78 | 26.54 | 27.06 | 31.09 |
| Accounts Payable | 2.03 | 3.07 | 6.88 | 5.52 | 5.80 |
| Short-term Debt | -- | -- | -- | -- | 2.27 |
| Total Current Liabilities | 8.79 | 10.36 | 16.44 | 13.94 | 46.50 |
| Long-term Debt | 2.56 | 2.60 | 12.98 | 12.96 | 14.97 |
| Total Non-current Liabilities | 1.56 | 51.99 | 12.98 | 13.46 | 18.58 |
| Total Liabilities | 10.36 | 62.35 | 29.42 | 27.39 | 65.08 |
| Retained Earnings | (278.59) | 111.80 | (84.46) | (77.17) | (69.42) |
| Total Stockholder Equity | 32.41 | 420.43 | (2.89) | (0.33) | (33.99) |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 |
|---|
| Total Revenue | 1.71 | 4.72 | 2.99 | 1.32 | 1.09 | 3.09 | 1.76 |
| Cost of Revenue | 0.54 | 3.33 | 1.16 | 1.09 | 0.82 | (3.29) | 1.13 |
| Gross Profit | 1.17 | 3.23 | 1.83 | 0.23 | 0.27 | 0.34 | 0.63 |
| Selling, General & Admin | 2.65 | 4.15 | 1.96 | 4.90 | 1.41 | 6.37 | 1.44 |
| Total Operating Expenses | 67.56 | 126.92 | 2.98 | 6.88 | 2.72 | 8.65 | 2.71 |
| Operating Income | (66.39) | (123.70) | (1.15) | (6.65) | (2.45) | (8.31) | (2.08) |
| Pretax Income | (66.74) | (373.09) | 245.69 | (7.29) | (3.03) | (4.72) | (3.43) |
| Tax Provision | 0.00 | (49.44) | 49.43 | 0.00 | -- | 0.00 | 0.01 |
| Net Income | (66.74) | (323.65) | 196.26 | (7.30) | (3.03) | (4.72) | (3.43) |
| Basic EPS | (134.70) | (31.89) | 16.97 | (0.77) | (0.34) | (12.32) | (8.02) |
| Diluted EPS | (134.70) | (31.89) | 16.97 | (0.77) | (0.34) | 1.15 | (8.02) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 |
|---|
| Operating Cash Flow | (2.45) | (7.51) | (4.28) | (1.51) | (2.03) | (4.99) | (6.23) |
| Capital Expenditures | 0.00 | 0.00 | 0.05 | 0.01 | 0.02 | -- | 0.03 |
| Free Cash Flow* | (2.45) | (7.51) | (4.32) | (1.52) | (2.05) | -- | (6.26) |
| Investing Cash Flow | 2.31 | 4.43 | (21.00) | (0.01) | 0.07 | (0.07) | (0.03) |
| Financing Cash Flow | (0.01) | 1.65 | 26.77 | 2.71 | 1.61 | 5.48 | 6.21 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 |
